YAMAX (TSE:5285) Return-on-Tangible-Equity: 23.14% (As of Mar. 2026) — 147% Above 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:5285 YAMAX Corp TSE:5285
67 GF Score
Price 円1,407.00
GF Value 円1,735.78
Valuation Modestly Undervalued
View Full Analysis

What is YAMAX Return-on-Tangible-Equity?

YAMAX TSE:5285 +1.59% 67 Return-on-Tangible-Equity is 23.14% as of Mar. 2026, which is 147% above its 10-year median of 9.37. GuruFocus rates TSE:5285 with a GF Score™ of 67/100 and a GF Value™ of 円1,735.78 (Modestly Undervalued). Among 397 Building Materials companies, YAMAX ranks better than 89.42% 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. YAMAX's annualized net income for the quarter that ended in Mar. 2026 was 円2,188 Mil. YAMAX's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円9,456 Mil. Therefore, YAMAX's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.14%.

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

TSE:5285' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.1   Med: 9.37   Max: 25.61
Current: 22.66

During the past 13 years, YAMAX's highest Return-on-Tangible-Equity was 25.61%. The lowest was 5.10%. And the median was 9.37%.

TSE:5285's Return-on-Tangible-Equity is ranked better than
89.42% of 397 companies
in the Building Materials industry
Industry Median: 5.06 vs TSE:5285: 22.66

YAMAX  (TSE:5285) 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.


YAMAX Return-on-Tangible-Equity Related Terms


YAMAX Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for YAMAX'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.

YAMAX Return-on-Tangible-Equity Chart

YAMAX Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.23 10.00 20.73 25.61 22.36

YAMAX Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.32 23.03 29.19 22.45 23.14

TSE:5285 vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison

For the Building Materials subindustry, YAMAX'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.


YAMAX Return-on-Tangible-Equity vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, YAMAX's Return-on-Tangible-Equity distribution charts can be found below:

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


TSE:5285
67GF Score
YAMAX Corp TSE:5285
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

YAMAX Return-on-Tangible-Equity Calculation

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

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=2070.972/( (8508.332+10016.31 )/ 2 )
=2070.972/9262.321
=22.36 %

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

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=2188.356/( (8895.541+10016.31)/ 2 )
=2188.356/9455.9255
=23.14 %

* 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 23.14% mean?
YAMAX (TSE:5285) has a Return-on-Tangible-Equity of 23.14% 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 YAMAX and its competitors. This is 147% above median its historical median of 9.37. Over the past decade, YAMAX's Return-on-Tangible-Equity has ranged from 5.10 to 25.61. According to the industry distribution chart, YAMAX ranks #42 out of 397 companies in the Building Materials industry, placing it in the top 10.6%.
Is YAMAX's Return-on-Tangible-Equity too high?
YAMAX's current Return-on-Tangible-Equity of 23.14% is 147% above median its 10-year median of 9.37. Over the past 10 years, this metric has ranged from a low of 5.10 to a high of 25.61. The Building Materials industry median Return-on-Tangible-Equity is 5.06. YAMAX's value of 23.14% is 357.3% above this industry median. Based on the distribution chart, YAMAX ranks #42 out of 397 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, YAMAX has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does YAMAX's Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, YAMAX ranks #42 out of 397 companies for Return-on-Tangible-Equity. This places YAMAX in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.06. YAMAX's value of 23.14% is 357.3% above this benchmark. Historically, YAMAX's own Return-on-Tangible-Equity has ranged from 5.10 to 25.61 over the past decade. While the company's 10-year median is 9.37 vs. the industry median of 5.06, YAMAX 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 Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.06, based on 397 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. YAMAX's current Return-on-Tangible-Equity of 23.14% is 357.3% 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 YAMAX and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. YAMAX's current Return-on-Tangible-Equity is 23.14%, which is 147% above median its own 10-year median of 9.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YAMAX stock overvalued right now?
Based on GuruFocus' analysis, YAMAX (TSE:5285) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,735.78, compared to a current price of 円1,407.00 — trading 18.9% below its estimated fair value. The current Return-on-Tangible-Equity is 23.14%, which is 147% above median its 10-year median of 9.37 and 357.3% above the Building Materials industry median of 5.06. YAMAX's overall GF Score™ is 67/100. 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 YAMAX (TSE:5285), the current Return-on-Tangible-Equity is 23.14% 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 YAMAX (TSE:5285) Overvalued in 2026?

Based on GuruFocus' analysis, YAMAX stock appears to be undervalued. The current stock price of 円1,407.00 is trading 18.9% below its estimated GF Value™ of 円1,735.78. GuruFocus considers YAMAX to be Modestly Undervalued.

Key valuation signals for TSE:5285:

  • Return-on-Tangible-Equity: 23.14% (147% above median its 10-year median of 9.37)
  • GF Value™: 円1,735.78 vs. price of 円1,407.00 (18.9% below fair value)
  • GF Score™: 67/100
  • Industry Position: 357.3% above the Building Materials median (#42 of 397)

No single metric tells the full story. See the TSE:5285 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


YAMAX Business Description

Address 3-9-5 Suizenji, Chuo-ku, Kumamoto Prefecture, Kumamoto, JPN
YAMAX Corp is engaged in the civil engineering cement and architectural concrete products. The company involves in the manufacture and sale of secondary concrete products for civil engineering, and sale and construction of associated products and materials. The company is also engaged in real estate-related businesses such as construction and sales of wooden houses, sales of real estate and development of housing sites.
67GF Score

Get the complete analysis for TSE:5285

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

円1,407.00
Price
円1,735.78
GF Value