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Free StyleTSE:528A 9 Return-on-Tangible-Equity is 8.45% as of Sep. 2025, which is 41% below its 10-year median of 14.41. GuruFocus rates TSE:528A with a GF Score™ of 9/100. The stock has 3 warning signs investors should review.
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. Free Style's annualized net income for the quarter that ended in Sep. 2025 was 円14.2 Mil. Free Style's average shareholder tangible equity for the quarter that ended in Sep. 2025 was 円168.1 Mil. Therefore, Free Style's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 8.45%.
The historical rank and industry rank for Free Style's Return-on-Tangible-Equity or its related term are showing as below:
TSE:528A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.23 Med: 14.41 Max: 15.18
Current: 4.23
During the past 2 years, Free Style's highest Return-on-Tangible-Equity was 15.18%. The lowest was 4.23%. And the median was 14.41%.
TSE:528A's Return-on-Tangible-Equity is not ranked
in the Software industry.
Industry Median: 8.83
vs TSE:528A: 4.23
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.
Free Style Return-on-Tangible-Equity Related Terms
Free Style Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Free Style'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.
Free Style Return-on-Tangible-Equity Chart
Free Style Annual Data
Trend
Mar24
Mar25
Return-on-Tangible-Equity
13.63
15.18
Free Style Semi-Annual Data
Mar24
Mar25
Sep25
Return-on-Tangible-Equity
0.00
0.00
8.45
TSE:528A vs UBER, CRM, SHOP: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Free Style'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.
Free Style Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Free Style's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Free Style'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.45% mean?
Free Style (TSE:528A) has a Return-on-Tangible-Equity of 8.45% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Free Style and its competitors. This is 41% below median its historical median of 14.41. Over the past decade, Free Style's Return-on-Tangible-Equity has ranged from 4.23 to 15.18.
Is Free Style's Return-on-Tangible-Equity too high?
Free Style's current Return-on-Tangible-Equity of 8.45% is 41% below median its 10-year median of 14.41. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 15.18. The Software industry median Return-on-Tangible-Equity is 8.83. Free Style's value of 8.45% is 4.3% below this industry median. Overall, Free Style has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Free Style's Return-on-Tangible-Equity compare to UBER and CRM?
Free Style's Return-on-Tangible-Equity of 8.45% can be compared against companies in the Software industry. The industry median Return-on-Tangible-Equity is 8.83. Free Style's value of 8.45% is 4.3% below this benchmark. Historically, Free Style's own Return-on-Tangible-Equity has ranged from 4.23 to 15.18 over the past decade. While the company's 10-year median is 14.41 vs. the industry median of 8.83, Free Style 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.83, based on 2,477 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. Free Style's current Return-on-Tangible-Equity of 8.45% is 4.3% 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 Free Style and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Free Style's current Return-on-Tangible-Equity is 8.45%, which is 41% below median its own 10-year median of 14.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Free Style stock overvalued right now?
Free Style (TSE:528A) has a current Return-on-Tangible-Equity of 8.45%. The current Return-on-Tangible-Equity is 8.45%, which is 41% below median its 10-year median of 14.41 and 4.3% below the Software industry median of 8.83. Free Style's overall GF Score™ is 9/100 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 Free Style (TSE:528A), the current Return-on-Tangible-Equity is 8.45% as of Sep. 2025. 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.
Free Style Inc is engaged in Software Development and Staffing Services. The IT Solutions Division provides a variety of services such as network infrastructure development, operation, maintenance, server and system construction, and program development. The company is also engaged in the Contract Development Business and Game Development Business.
9GF Score
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