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Japan Pure Chemical CoTSE:4973 -1.87%69 Return-on-Tangible-Equity is 14.13% as of Mar. 2026, which is 77% above its 10-year median of 8.00. GuruFocus rates TSE:4973 with a GF Score™ of 69/100 and a GF Value™ of 円4,583.97 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,570 Chemicals companies, Japan Pure Chemical Co ranks better than 73.89% 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. Japan Pure Chemical Co's annualized net income for the quarter that ended in Mar. 2026 was 円2,359 Mil. Japan Pure Chemical Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円16,701 Mil. Therefore, Japan Pure Chemical Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.13%.
The historical rank and industry rank for Japan Pure Chemical Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:4973'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.92 Med: 8 Max: 11.55
Current: 11.55
During the past 13 years, Japan Pure Chemical Co's highest Return-on-Tangible-Equity was 11.55%. The lowest was 3.92%. And the median was 8.00%.
TSE:4973's Return-on-Tangible-Equity is ranked better than 73.89% of 1570
companies
in the Chemicals industry
Industry Median: 5.77
vs TSE:4973: 11.55
Japan Pure Chemical Co (TSE:4973) 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.
Japan Pure Chemical Co Return-on-Tangible-Equity Related Terms
Japan Pure Chemical Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Japan Pure Chemical 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.
Japan Pure Chemical Co Return-on-Tangible-Equity Chart
TSE:4973 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Japan Pure Chemical 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.
Japan Pure Chemical Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Japan Pure Chemical Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Japan Pure Chemical 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 14.13% mean?
Japan Pure Chemical Co (TSE:4973) has a Return-on-Tangible-Equity of 14.13% 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 Japan Pure Chemical Co and its competitors. This is 77% above median its historical median of 8.00. Over the past decade, Japan Pure Chemical Co's Return-on-Tangible-Equity has ranged from 3.92 to 11.55. According to the industry distribution chart, Japan Pure Chemical Co ranks #410 out of 1570 companies in the Chemicals industry, placing it in the top 26.1%.
Is Japan Pure Chemical Co's Return-on-Tangible-Equity too high?
Japan Pure Chemical Co's current Return-on-Tangible-Equity of 14.13% is 77% above median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 3.92 to a high of 11.55. The Chemicals industry median Return-on-Tangible-Equity is 5.77. Japan Pure Chemical Co's value of 14.13% is 144.9% above this industry median. Based on the distribution chart, Japan Pure Chemical Co ranks #410 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, Japan Pure Chemical Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Pure Chemical Co's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Japan Pure Chemical Co ranks #410 out of 1570 companies for Return-on-Tangible-Equity. This puts Japan Pure Chemical Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.77. Japan Pure Chemical Co's value of 14.13% is 144.9% above this benchmark. Historically, Japan Pure Chemical Co's own Return-on-Tangible-Equity has ranged from 3.92 to 11.55 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.77, Japan Pure Chemical 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 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. Japan Pure Chemical Co's current Return-on-Tangible-Equity of 14.13% is 144.9% 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 Japan Pure Chemical 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. Japan Pure Chemical Co's current Return-on-Tangible-Equity is 14.13%, which is 77% above median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Pure Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Pure Chemical Co (TSE:4973) is currently considered Fairly Valued. The stock's GF Value™ is 円4,583.97, compared to a current price of 円4,995.00 — trading 9% above its estimated fair value. The current Return-on-Tangible-Equity is 14.13%, which is 77% above median its 10-year median of 8.00 and 144.9% above the Chemicals industry median of 5.77. Japan Pure Chemical Co's overall GF Score™ is 69/100 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 Japan Pure Chemical Co (TSE:4973), the current Return-on-Tangible-Equity is 14.13% 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 Japan Pure Chemical Co (TSE:4973) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Pure Chemical Co stock appears to be overvalued.
The current stock price of 円4,995.00 is trading 9% above its estimated GF Value™ of 円4,583.97.
GuruFocus considers Japan Pure Chemical Co to be Fairly Valued.
Key valuation signals for TSE:4973:
Return-on-Tangible-Equity: 14.13% (77% above median its 10-year median of 8.00)
GF Value™: 円4,583.97 vs. price of 円4,995.00 (9% above fair value)
Industry Position: 144.9% above the Chemicals median (#410 of 1570)
No single metric tells the full story. See the TSE:4973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Pure Chemical Co Ltd develops, manufactures, and sells precious metal plating chemicals for electronic devices in Japan. It offers gold electroplating formulation for semiconductor applications such as connector and soldering uses; and palladium electroplating formulation for the connector, lead frame, and decorative uses. The firm also provides a gold coating for soldering and wire bonding; electroless palladium plating formulation for wire bonding and soldering uses; and silver plating formulations. In addition, it offers strike gold plating formulation that enhances the adherence of plated coatings.
69GF Score
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