Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Natoco CoTSE:4627 -0.40%77 Return-on-Tangible-Equity is 5.39% as of Apr. 2026, which is 2% below its 10-year median of 5.51. GuruFocus rates TSE:4627 with a GF Score™ of 77/100 and a GF Value™ of 円1,641.49 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,570 Chemicals companies, Natoco Co ranks better than 50.96% on this metric.
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. Natoco Co's annualized net income for the quarter that ended in Apr. 2026 was 円1,319 Mil. Natoco Co's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円24,473 Mil. Therefore, Natoco Co's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 5.39%.
The historical rank and industry rank for Natoco Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4627'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.81 Med: 5.51 Max: 8.38
Current: 5.99
During the past 13 years, Natoco Co's highest Return-on-Tangible-Equity was 8.38%. The lowest was 3.81%. And the median was 5.51%.
TSE:4627's Return-on-Tangible-Equity is ranked better than 50.96% of 1570
companies
in the Chemicals industry
Industry Median: 5.77
vs TSE:4627: 5.99
Natoco Co (TSE:4627) 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.
Natoco Co Return-on-Tangible-Equity Related Terms
Natoco Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Natoco 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.
TSE:4627 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Natoco 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.
Natoco Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Natoco Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Natoco 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 two times the semi-annual (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.39% mean?
Natoco Co (TSE:4627) has a Return-on-Tangible-Equity of 5.39% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Natoco Co and its competitors. This is near median its historical median of 5.51. Over the past decade, Natoco Co's Return-on-Tangible-Equity has ranged from 3.81 to 8.38. According to the industry distribution chart, Natoco Co ranks #770 out of 1570 companies in the Chemicals industry, placing it in the top 49%.
Is Natoco Co's Return-on-Tangible-Equity too high?
Natoco Co's current Return-on-Tangible-Equity of 5.39% is near median its 10-year median of 5.51. Over the past 10 years, this metric has ranged from a low of 3.81 to a high of 8.38. The Chemicals industry median Return-on-Tangible-Equity is 5.77. Natoco Co's value of 5.39% is 6.6% below this industry median. Based on the distribution chart, Natoco Co ranks #770 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, Natoco Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Natoco Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Natoco Co ranks #770 out of 1570 companies for Return-on-Tangible-Equity. This puts Natoco Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.77. Natoco Co's value of 5.39% is 6.6% below this benchmark. Historically, Natoco Co's own Return-on-Tangible-Equity has ranged from 3.81 to 8.38 over the past decade. While the company's 10-year median is 5.51 vs. the industry median of 5.77, Natoco Co has consistently been below the industry average. 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 5.77, 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. Natoco Co's current Return-on-Tangible-Equity of 5.39% is 6.6% below the industry median. 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 Natoco Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natoco Co's current Return-on-Tangible-Equity is 5.39%, which is near median its own 10-year median of 5.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natoco Co stock overvalued right now?
Based on GuruFocus' analysis, Natoco Co (TSE:4627) is currently considered Fairly Valued. The stock's GF Value™ is 円1,641.49, compared to a current price of 円1,745.00 — trading 6.3% above its estimated fair value. The current Return-on-Tangible-Equity is 5.39%, which is near median its 10-year median of 5.51 and 6.6% below the Chemicals industry median of 5.77. Natoco Co's overall GF Score™ is 77/100 with 5 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 Natoco Co (TSE:4627), the current Return-on-Tangible-Equity is 5.39% as of Apr. 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 Natoco Co (TSE:4627) Overvalued in 2026?
Based on GuruFocus' analysis, Natoco Co stock appears to be overvalued.
The current stock price of 円1,745.00 is trading 6.3% above its estimated GF Value™ of 円1,641.49.
GuruFocus considers Natoco Co to be Fairly Valued.
Key valuation signals for TSE:4627:
Return-on-Tangible-Equity: 5.39% (near median its 10-year median of 5.51)
GF Value™: 円1,641.49 vs. price of 円1,745.00 (6.3% above fair value)
Industry Position: 6.6% below the Chemicals median (#770 of 1570)
No single metric tells the full story. See the TSE:4627 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natoco Co Ltd is engaged in the business of manufacturing and sales of paints, ink, plastics, and fine chemical products and sales of related products. It also engaged in the collection, transportation, and disposal of industrial waste products. Its other products include such as toning system, general purpose thinner, environment compatible equipment.
77GF Score
Get the complete analysis for TSE:4627
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4627 has been successfully added to your 
