CEL (TSE:5078) Return-on-Tangible-Equity: 4.46% (As of Feb. 2026) — 38% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:5078 CEL Corp TSE:5078
64 GF Score
Price 円4,750.00
GF Value 円3,732.95
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is CEL Return-on-Tangible-Equity?

CEL TSE:5078 64 Return-on-Tangible-Equity is 4.46% as of Feb. 2026, which is 38% below its 10-year median of 7.15. GuruFocus rates TSE:5078 with a GF Score™ of 64/100 and a GF Value™ of 円3,732.95 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,716 Real Estate companies, CEL ranks better than 55.36% 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. CEL's annualized net income for the quarter that ended in Feb. 2026 was 円925 Mil. CEL's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円20,752 Mil. Therefore, CEL's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 4.46%.

The historical rank and industry rank for CEL's Return-on-Tangible-Equity or its related term are showing as below:

TSE:5078' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.69   Med: 7.15   Max: 86.26
Current: 5.57

During the past 7 years, CEL's highest Return-on-Tangible-Equity was 86.26%. The lowest was 4.69%. And the median was 7.15%.

TSE:5078's Return-on-Tangible-Equity is ranked better than
55.36% of 1716 companies
in the Real Estate industry
Industry Median: 4.27 vs TSE:5078: 5.57

CEL  (TSE:5078) 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.


CEL Return-on-Tangible-Equity Related Terms


CEL Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for CEL'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.

CEL Return-on-Tangible-Equity Chart

CEL Annual Data
Trend Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Return-on-Tangible-Equity
Get a 7-Day Free Trial 86.26 4.69 5.84 7.15 5.56

CEL Semi-Annual Data
Feb20 Feb21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 4.73 8.07 6.30 6.71 4.46

TSE:5078 vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison

For the Real Estate Services subindustry, CEL'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.


CEL Return-on-Tangible-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, CEL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where CEL's Return-on-Tangible-Equity falls into.


TSE:5078
64GF Score
CEL Corp TSE:5078
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CEL Return-on-Tangible-Equity Calculation

CEL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=1147.664/( (20307.561+20974.596 )/ 2 )
=1147.664/20641.0785
=5.56 %

CEL's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=924.678/( (20528.796+20974.596)/ 2 )
=924.678/20751.696
=4.46 %

* 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 (Feb. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 4.46% mean?
CEL (TSE:5078) has a Return-on-Tangible-Equity of 4.46% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on CEL and its competitors. This is 38% below median its historical median of 7.15. Over the past decade, CEL's Return-on-Tangible-Equity has ranged from 4.69 to 86.26. According to the industry distribution chart, CEL ranks #766 out of 1716 companies in the Real Estate industry, placing it in the top 44.6%.
Is CEL's Return-on-Tangible-Equity too high?
CEL's current Return-on-Tangible-Equity of 4.46% is 38% below median its 10-year median of 7.15. Over the past 10 years, this metric has ranged from a low of 4.69 to a high of 86.26. The Real Estate industry median Return-on-Tangible-Equity is 4.27. CEL's value of 4.46% is 4.4% above this industry median. Based on the distribution chart, CEL ranks #766 out of 1716 companies in the Real Estate industry, which is above the industry midpoint. Overall, CEL has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CEL's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, CEL ranks #766 out of 1716 companies for Return-on-Tangible-Equity. This puts CEL in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.27. CEL's value of 4.46% is 4.4% above this benchmark. Historically, CEL's own Return-on-Tangible-Equity has ranged from 4.69 to 86.26 over the past decade. While the company's 10-year median is 7.15 vs. the industry median of 4.27, CEL 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,716 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. CEL's current Return-on-Tangible-Equity of 4.46% is 4.4% 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 CEL and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEL's current Return-on-Tangible-Equity is 4.46%, which is 38% below median its own 10-year median of 7.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEL stock overvalued right now?
Based on GuruFocus' analysis, CEL (TSE:5078) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,732.95, compared to a current price of 円4,750.00 — trading 27.2% above its estimated fair value. The current Return-on-Tangible-Equity is 4.46%, which is 38% below median its 10-year median of 7.15 and 4.4% above the Real Estate industry median of 4.27. CEL's overall GF Score™ is 64/100 with 2 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 CEL (TSE:5078), the current Return-on-Tangible-Equity is 4.46% as of Feb. 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 CEL (TSE:5078) Overvalued in 2026?

Based on GuruFocus' analysis, CEL stock appears to be overvalued. The current stock price of 円4,750.00 is trading 27.2% above its estimated GF Value™ of 円3,732.95. GuruFocus considers CEL to be Modestly Overvalued.

Key valuation signals for TSE:5078:

  • Return-on-Tangible-Equity: 4.46% (38% below median its 10-year median of 7.15)
  • GF Value™: 円3,732.95 vs. price of 円4,750.00 (27.2% above fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 4.4% above the Real Estate median (#766 of 1716)

No single metric tells the full story. See the TSE:5078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CEL Business Description

Address 7-1 Kyobashi 3-chome, 5th Floor, Sogokan 110 Tower, Chuo-ku, Tokyo, JPN, 104-0031
CEL Corp is engaged in the rental housing business that provides apartment management proposals, apartment designs and apartment construction management services, rental housing development business, rental management business entrusted with apartment management, and Renovation business.
64GF Score

Get the complete analysis for TSE:5078

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,750.00
Price
円3,732.95
GF Value