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Hanshin Diesel WorksTSE:6018 -2.81%67 Return-on-Tangible-Equity is 6.47% as of Mar. 2026, which is 55% above its 10-year median of 4.17. GuruFocus rates TSE:6018 with a GF Score™ of 67/100 and a GF Value™ of 円3,328.64 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,969 Industrial Products companies, Hanshin Diesel Works ranks worse than 57.6% 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. Hanshin Diesel Works's annualized net income for the quarter that ended in Mar. 2026 was 円961 Mil. Hanshin Diesel Works's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円14,858 Mil. Therefore, Hanshin Diesel Works's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.47%.
The historical rank and industry rank for Hanshin Diesel Works's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6018'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.78 Med: 4.17 Max: 5.35
Current: 5.01
During the past 13 years, Hanshin Diesel Works's highest Return-on-Tangible-Equity was 5.35%. The lowest was 2.78%. And the median was 4.17%.
TSE:6018's Return-on-Tangible-Equity is ranked worse than 57.6% of 2969
companies
in the Industrial Products industry
Industry Median: 6.76
vs TSE:6018: 5.01
Hanshin Diesel Works (TSE:6018) 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.
Hanshin Diesel Works Return-on-Tangible-Equity Related Terms
Hanshin Diesel Works Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hanshin Diesel Works'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.
Hanshin Diesel Works Return-on-Tangible-Equity Chart
TSE:6018 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Hanshin Diesel Works'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.
Hanshin Diesel Works Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hanshin Diesel Works's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hanshin Diesel Works'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 6.47% mean?
Hanshin Diesel Works (TSE:6018) has a Return-on-Tangible-Equity of 6.47% 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 Hanshin Diesel Works and its competitors. This is 55% above median its historical median of 4.17. Over the past decade, Hanshin Diesel Works' Return-on-Tangible-Equity has ranged from 2.78 to 5.35. According to the industry distribution chart, Hanshin Diesel Works ranks #1710 out of 2969 companies in the Industrial Products industry, placing it in the top 57.6%.
Is Hanshin Diesel Works' Return-on-Tangible-Equity too high?
Hanshin Diesel Works' current Return-on-Tangible-Equity of 6.47% is 55% above median its 10-year median of 4.17. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 5.35. The Industrial Products industry median Return-on-Tangible-Equity is 6.76. Hanshin Diesel Works' value of 6.47% is 4.3% below this industry median. Based on the distribution chart, Hanshin Diesel Works ranks #1710 out of 2969 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Hanshin Diesel Works has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hanshin Diesel Works' Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Hanshin Diesel Works ranks #1710 out of 2969 companies for Return-on-Tangible-Equity. This places Hanshin Diesel Works in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.76. Hanshin Diesel Works' value of 6.47% is 4.3% below this benchmark. Historically, Hanshin Diesel Works' own Return-on-Tangible-Equity has ranged from 2.78 to 5.35 over the past decade. While the company's 10-year median is 4.17 vs. the industry median of 6.76, Hanshin Diesel Works 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.76, based on 2,969 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. Hanshin Diesel Works's current Return-on-Tangible-Equity of 6.47% 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 Hanshin Diesel Works and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanshin Diesel Works's current Return-on-Tangible-Equity is 6.47%, which is 55% above median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanshin Diesel Works stock overvalued right now?
Based on GuruFocus' analysis, Hanshin Diesel Works (TSE:6018) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,328.64, compared to a current price of 円6,220.00 — trading 86.9% above its estimated fair value. The current Return-on-Tangible-Equity is 6.47%, which is 55% above median its 10-year median of 4.17 and 4.3% below the Industrial Products industry median of 6.76. Hanshin Diesel Works' overall GF Score™ is 67/100 with 6 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 Hanshin Diesel Works (TSE:6018), the current Return-on-Tangible-Equity is 6.47% 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 Hanshin Diesel Works (TSE:6018) Overvalued in 2026?
Based on GuruFocus' analysis, Hanshin Diesel Works stock appears to be overvalued.
The current stock price of 円6,220.00 is trading 86.9% above its estimated GF Value™ of 円3,328.64.
GuruFocus considers Hanshin Diesel Works to be Significantly Overvalued.
Key valuation signals for TSE:6018:
Return-on-Tangible-Equity: 6.47% (55% above median its 10-year median of 4.17)
GF Value™: 円3,328.64 vs. price of 円6,220.00 (86.9% above fair value)
Industry Position: 4.3% below the Industrial Products median (#1710 of 2969)
No single metric tells the full story. See the TSE:6018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hanshin Diesel Works Ltd is engaged in the manufacture and sale of marine diesel engines, adjustable pitch propellers, side thrusters, lubrication and fuel oil cleaning equipment, ship operating support systems and others. The company has two divisions: Main engines and Components & repair work. The company generates the majority of its revenue from the Main engines division.
67GF Score
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