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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. HOKUETSU METAL Co's annualized net income for the quarter that ended in Mar. 2026 was 円-706 Mil. HOKUETSU METAL Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円17,710 Mil. Therefore, HOKUETSU METAL Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -3.99%.
The historical rank and industry rank for HOKUETSU METAL Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:5446'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.14 Med: 2.8 Max: 6.38
Current: -1.92
During the past 13 years, HOKUETSU METAL Co's highest Return-on-Tangible-Equity was 6.38%. The lowest was -6.14%. And the median was 2.80%.
TSE:5446's Return-on-Tangible-Equity is ranked worse than 76.91% of 615
companies
in the Steel industry
Industry Median: 4.05
vs TSE:5446: -1.92
HOKUETSU METAL Co (TSE:5446) 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.
HOKUETSU METAL Co Return-on-Tangible-Equity Related Terms
HOKUETSU METAL Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for HOKUETSU METAL 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.
TSE:5446 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, HOKUETSU METAL 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.
HOKUETSU METAL Co Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, HOKUETSU METAL Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where HOKUETSU METAL 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 -3.99% mean?
HOKUETSU METAL Co (TSE:5446) has a Return-on-Tangible-Equity of -3.99% 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 HOKUETSU METAL Co and its competitors. According to the industry distribution chart, HOKUETSU METAL Co ranks #473 out of 615 companies in the Steel industry, placing it in the top 76.9%.
Is HOKUETSU METAL Co's Return-on-Tangible-Equity too high?
HOKUETSU METAL Co's current Return-on-Tangible-Equity is -3.99%. Based on the distribution chart, HOKUETSU METAL Co ranks #473 out of 615 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, HOKUETSU METAL Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HOKUETSU METAL Co's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, HOKUETSU METAL Co ranks #473 out of 615 companies for Return-on-Tangible-Equity. This places HOKUETSU METAL Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.05. 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.05, based on 615 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. 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 HOKUETSU METAL Co and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HOKUETSU METAL Co's current Return-on-Tangible-Equity is -3.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HOKUETSU METAL Co stock overvalued right now?
Based on GuruFocus' analysis, HOKUETSU METAL Co (TSE:5446) is currently considered Fairly Valued. The stock's GF Value™ is 円1,098.53, compared to a current price of 円1,135.00 — trading 3.3% above its estimated fair value. The current Return-on-Tangible-Equity is -3.99%. HOKUETSU METAL Co's overall GF Score™ is 61/100 with 4 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 HOKUETSU METAL Co (TSE:5446), the current Return-on-Tangible-Equity is -3.99% 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 HOKUETSU METAL Co (TSE:5446) Overvalued in 2026?
Based on GuruFocus' analysis, HOKUETSU METAL Co stock appears to be overvalued.
The current stock price of 円1,135.00 is trading 3.3% above its estimated GF Value™ of 円1,098.53.
GuruFocus considers HOKUETSU METAL Co to be Fairly Valued.
Key valuation signals for TSE:5446:
Return-on-Tangible-Equity: -3.99%
GF Value™: 円1,098.53 vs. price of 円1,135.00 (3.3% above fair value)
No single metric tells the full story. See the TSE:5446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HOKUETSU METAL Co Ltd operates in the iron and steel industry. The principal business activities of the company include the manufacturing and processing of primary products such as steel, non-base metals and alloys, steel structures, and various other mechanical devices.
61GF Score
Get the complete analysis for TSE:5446
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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