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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Dai Nippon Toryo Co's annualized net income for the quarter that ended in Mar. 2026 was 円-1,328 Mil. Dai Nippon Toryo Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円64,424 Mil. Therefore, Dai Nippon Toryo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -2.06%.
The historical rank and industry rank for Dai Nippon Toryo Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4611'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.61 Med: 8.56 Max: 16.96
Current: 2.66
During the past 13 years, Dai Nippon Toryo Co's highest Return-on-Tangible-Equity was 16.96%. The lowest was 2.61%. And the median was 8.56%.
TSE:4611's Return-on-Tangible-Equity is ranked worse than 65.1% of 1570
companies
in the Chemicals industry
Industry Median: 5.78
vs TSE:4611: 2.66
Dai Nippon Toryo Co (TSE:4611) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Dai Nippon Toryo Co Return-on-Tangible-Equity Related Terms
Dai Nippon Toryo Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Dai Nippon Toryo Co's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dai Nippon Toryo Co Return-on-Tangible-Equity Chart
TSE:4611 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Dai Nippon Toryo Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dai Nippon Toryo Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dai Nippon Toryo Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dai Nippon Toryo Co's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -2.06% mean?
Dai Nippon Toryo Co (TSE:4611) has a Return-on-Tangible-Equity of -2.06% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dai Nippon Toryo Co and its competitors. Over the past decade, Dai Nippon Toryo Co's Return-on-Tangible-Equity has ranged from 2.61 to 16.96. According to the industry distribution chart, Dai Nippon Toryo Co ranks #1022 out of 1570 companies in the Chemicals industry, placing it in the top 65.1%.
Is Dai Nippon Toryo Co's Return-on-Tangible-Equity too high?
Dai Nippon Toryo Co's current Return-on-Tangible-Equity is -2.06%. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 16.96. Based on the distribution chart, Dai Nippon Toryo Co ranks #1022 out of 1570 companies in the Chemicals industry, which is below the industry midpoint. Overall, Dai Nippon Toryo Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dai Nippon Toryo Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Dai Nippon Toryo Co ranks #1022 out of 1570 companies for Return-on-Tangible-Equity. This places Dai Nippon Toryo Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.78. Historically, Dai Nippon Toryo Co's own Return-on-Tangible-Equity has ranged from 2.61 to 16.96 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.78, based on 1,570 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dai Nippon Toryo Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dai Nippon Toryo Co's current Return-on-Tangible-Equity is -2.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dai Nippon Toryo Co stock overvalued right now?
Based on GuruFocus' analysis, Dai Nippon Toryo Co (TSE:4611) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,508.78, compared to a current price of 円1,353.00 — trading 10.3% below its estimated fair value. The current Return-on-Tangible-Equity is -2.06%. Dai Nippon Toryo Co's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Dai Nippon Toryo Co (TSE:4611), the current Return-on-Tangible-Equity is -2.06% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dai Nippon Toryo Co (TSE:4611) Overvalued in 2026?
Based on GuruFocus' analysis, Dai Nippon Toryo Co stock appears to be undervalued.
The current stock price of 円1,353.00 is trading 10.3% below its estimated GF Value™ of 円1,508.78.
GuruFocus considers Dai Nippon Toryo Co to be Modestly Undervalued.
Key valuation signals for TSE:4611:
Return-on-Tangible-Equity: -2.06%
GF Value™: 円1,508.78 vs. price of 円1,353.00 (10.3% below fair value)
No single metric tells the full story. See the TSE:4611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dai Nippon Toryo Co Ltd is a Japan-based company engaged in the production and sales of coatings and jet inks. Its product lines include protective, decorative, automobile, and industrial. Products offered by the company include anticorrosive coatings, water-based coatings, and coatings for industrial use. Protective coatings are used in the steel frames of buildings, bridges, industrial plants, and concrete structures. Decorative coatings are used for the interiors, exteriors, and roofs of residential buildings. Automobile coatings are used in automotive components, such as bumpers, door mirrors, and other interior and exterior components. Industrial coatings are designed for applications, such as curtain walls, aluminum sashes, steel furniture, agricultural and construction machinery.
74GF Score
Get the complete analysis for TSE:4611
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