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.
Nippon Air Conditioning Services CoTSE:4658 +0.25%85 Return-on-Tangible-Equity is 14.47% as of Mar. 2026, which is 32% above its 10-year median of 10.95. GuruFocus rates TSE:4658 with a GF Score™ of 85/100 and a GF Value™ of 円1,194.87 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,009 Business Services companies, Nippon Air Conditioning Services Co ranks better than 57.09% on this metric.
The historical rank and industry rank for Nippon Air Conditioning Services Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4658'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.3 Med: 10.95 Max: 13.98
Current: 13.14
During the past 13 years, Nippon Air Conditioning Services Co's highest Return-on-Tangible-Equity was 13.98%. The lowest was 9.30%. And the median was 10.95%.
TSE:4658's Return-on-Tangible-Equity is ranked better than 57.09% of 1009
companies
in the Business Services industry
Industry Median: 10.61
vs TSE:4658: 13.14
Nippon Air Conditioning Services Co (TSE:4658) 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.
Nippon Air Conditioning Services Co Return-on-Tangible-Equity Related Terms
Nippon Air Conditioning Services Co Return-on-Tangible-Equity Historical Data
* 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.
Nippon Air Conditioning Services Co Return-on-Tangible-Equity Chart
TSE:4658 vs CTAS, CPRT, ULS: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Nippon Air Conditioning Services 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.
Nippon Air Conditioning Services Co Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Nippon Air Conditioning Services Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Air Conditioning Services 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 (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 14.47% mean?
Nippon Air Conditioning Services Co (TSE:4658) has a Return-on-Tangible-Equity of 14.47% 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 Nippon Air Conditioning Services Co and its competitors. This is 32% above median its historical median of 10.95. Over the past decade, Nippon Air Conditioning Services Co's Return-on-Tangible-Equity has ranged from 9.30 to 13.98. According to the industry distribution chart, Nippon Air Conditioning Services Co ranks #433 out of 1009 companies in the Business Services industry, placing it in the top 42.9%.
Is Nippon Air Conditioning Services Co's Return-on-Tangible-Equity too high?
Nippon Air Conditioning Services Co's current Return-on-Tangible-Equity of 14.47% is 32% above median its 10-year median of 10.95. Over the past 10 years, this metric has ranged from a low of 9.30 to a high of 13.98. The Business Services industry median Return-on-Tangible-Equity is 10.61. Nippon Air Conditioning Services Co's value of 14.47% is 36.4% above this industry median. Based on the distribution chart, Nippon Air Conditioning Services Co ranks #433 out of 1009 companies in the Business Services industry, which is above the industry midpoint. Overall, Nippon Air Conditioning Services Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Air Conditioning Services Co's Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Nippon Air Conditioning Services Co ranks #433 out of 1009 companies for Return-on-Tangible-Equity. This puts Nippon Air Conditioning Services Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.61. Nippon Air Conditioning Services Co's value of 14.47% is 36.4% above this benchmark. Historically, Nippon Air Conditioning Services Co's own Return-on-Tangible-Equity has ranged from 9.30 to 13.98 over the past decade. While the company's 10-year median is 10.95 vs. the industry median of 10.61, Nippon Air Conditioning Services Co has consistently been above 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.61, based on 1,009 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. Nippon Air Conditioning Services Co's current Return-on-Tangible-Equity of 14.47% is 36.4% above 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 Nippon Air Conditioning Services Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Air Conditioning Services Co's current Return-on-Tangible-Equity is 14.47%, which is 32% above median its own 10-year median of 10.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Air Conditioning Services Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Air Conditioning Services Co (TSE:4658) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,194.87, compared to a current price of 円1,619.00 — trading 35.5% above its estimated fair value. The current Return-on-Tangible-Equity is 14.47%, which is 32% above median its 10-year median of 10.95 and 36.4% above the Business Services industry median of 10.61. Nippon Air Conditioning Services Co's overall GF Score™ is 85/100 with 3 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 Nippon Air Conditioning Services Co (TSE:4658), the current Return-on-Tangible-Equity is 14.47% 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 Nippon Air Conditioning Services Co (TSE:4658) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Air Conditioning Services Co stock appears to be overvalued.
The current stock price of 円1,619.00 is trading 35.5% above its estimated GF Value™ of 円1,194.87.
GuruFocus considers Nippon Air Conditioning Services Co to be Significantly Overvalued.
Key valuation signals for TSE:4658:
Return-on-Tangible-Equity: 14.47% (32% above median its 10-year median of 10.95)
GF Value™: 円1,194.87 vs. price of 円1,619.00 (35.5% above fair value)
Industry Position: 36.4% above the Business Services median (#433 of 1009)
No single metric tells the full story. See the TSE:4658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Air Conditioning Services Co Business Description
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4658 has been successfully added to your 
