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.
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.
JMACS Japan CoTSE:5817 -0.89%55 Return-on-Tangible-Equity is 10.14% as of Feb. 2026, which is 563% above its 10-year median of 1.53. GuruFocus rates TSE:5817 with a GF Score™ of 55/100 and a GF Value™ of 円516.19 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,382 Hardware companies, JMACS Japan Co ranks better than 63.73% 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. JMACS Japan Co's annualized net income for the quarter that ended in Feb. 2026 was 円562 Mil. JMACS Japan Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円5,540 Mil. Therefore, JMACS Japan Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 10.14%.
The historical rank and industry rank for JMACS Japan Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:5817'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.27 Med: 1.53 Max: 9.31
Current: 9.31
During the past 13 years, JMACS Japan Co's highest Return-on-Tangible-Equity was 9.31%. The lowest was -2.27%. And the median was 1.53%.
TSE:5817's Return-on-Tangible-Equity is ranked better than 63.73% of 2382
companies
in the Hardware industry
Industry Median: 5.485
vs TSE:5817: 9.31
JMACS Japan Co (TSE:5817) 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.
JMACS Japan Co Return-on-Tangible-Equity Related Terms
JMACS Japan Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for JMACS Japan 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:5817 vs CSCO, MSI, HPE: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, JMACS Japan 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.
JMACS Japan Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, JMACS Japan Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JMACS Japan 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 four times the quarterly (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 10.14% mean?
JMACS Japan Co (TSE:5817) has a Return-on-Tangible-Equity of 10.14% 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 JMACS Japan Co and its competitors. This is 563% above median its historical median of 1.53. According to the industry distribution chart, JMACS Japan Co ranks #864 out of 2382 companies in the Hardware industry, placing it in the top 36.3%.
Is JMACS Japan Co's Return-on-Tangible-Equity too high?
JMACS Japan Co's current Return-on-Tangible-Equity of 10.14% is 563% above median its 10-year median of 1.53. The Hardware industry median Return-on-Tangible-Equity is 5.49. JMACS Japan Co's value of 10.14% is 84.9% above this industry median. Based on the distribution chart, JMACS Japan Co ranks #864 out of 2382 companies in the Hardware industry, which is above the industry midpoint. Overall, JMACS Japan Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JMACS Japan Co's Return-on-Tangible-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, JMACS Japan Co ranks #864 out of 2382 companies for Return-on-Tangible-Equity. This puts JMACS Japan Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.49. JMACS Japan Co's value of 10.14% is 84.9% above this benchmark. While the company's 10-year median is 1.53 vs. the industry median of 5.49, JMACS Japan 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.49, based on 2,382 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. JMACS Japan Co's current Return-on-Tangible-Equity of 10.14% is 84.9% 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 JMACS Japan Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JMACS Japan Co's current Return-on-Tangible-Equity is 10.14%, which is 563% above median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JMACS Japan Co stock overvalued right now?
Based on GuruFocus' analysis, JMACS Japan Co (TSE:5817) is currently considered Significantly Overvalued. The stock's GF Value™ is 円516.19, compared to a current price of 円1,006.00 — trading 94.9% above its estimated fair value. The current Return-on-Tangible-Equity is 10.14%, which is 563% above median its 10-year median of 1.53 and 84.9% above the Hardware industry median of 5.49. JMACS Japan Co's overall GF Score™ is 55/100 with 1 warning sign 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 JMACS Japan Co (TSE:5817), the current Return-on-Tangible-Equity is 10.14% 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 JMACS Japan Co (TSE:5817) Overvalued in 2026?
Based on GuruFocus' analysis, JMACS Japan Co stock appears to be overvalued.
The current stock price of 円1,006.00 is trading 94.9% above its estimated GF Value™ of 円516.19.
GuruFocus considers JMACS Japan Co to be Significantly Overvalued.
Key valuation signals for TSE:5817:
Return-on-Tangible-Equity: 10.14% (563% above median its 10-year median of 1.53)
GF Value™: 円516.19 vs. price of 円1,006.00 (94.9% above fair value)
Industry Position: 84.9% above the Hardware median (#864 of 2382)
No single metric tells the full story. See the TSE:5817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JMACS Japan Co is engaged in the manufacture and sales of industrial products, entrusted development of automation and labor-saving systems, instrumentation cable, control cable, communication cable, optical fiber cable, and other low-current electric wires.
55GF Score
Get the complete analysis for TSE:5817
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:5817 has been successfully added to your 
