Japan Animal Referral Medical Center Co (TSE:6039) Return-on-Tangible-Equity: 20.14% (As of Mar. 2026) — 31% 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:6039 Japan Animal Referral Medical Center Co Ltd TSE:6039
83 GF Score
Price 円968.00
GF Value 円643.07
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Japan Animal Referral Medical Center Co Return-on-Tangible-Equity?

Japan Animal Referral Medical Center Co TSE:6039 -1.73% 83 Return-on-Tangible-Equity is 20.14% as of Mar. 2026, which is 31% above its 10-year median of 15.40. GuruFocus rates TSE:6039 with a GF Score™ of 83/100 and a GF Value™ of 円643.07 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 85 Personal Services companies, Japan Animal Referral Medical Center Co ranks better than 64.71% 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. Japan Animal Referral Medical Center Co's annualized net income for the quarter that ended in Mar. 2026 was 円840 Mil. Japan Animal Referral Medical Center Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円4,172 Mil. Therefore, Japan Animal Referral Medical Center Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.14%.

The historical rank and industry rank for Japan Animal Referral Medical Center Co's Return-on-Tangible-Equity or its related term are showing as below:

TSE:6039' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.6   Med: 15.4   Max: 21.11
Current: 20.81

During the past 13 years, Japan Animal Referral Medical Center Co's highest Return-on-Tangible-Equity was 21.11%. The lowest was 10.60%. And the median was 15.40%.

TSE:6039's Return-on-Tangible-Equity is ranked better than
64.71% of 85 companies
in the Personal Services industry
Industry Median: 13.17 vs TSE:6039: 20.81

Japan Animal Referral Medical Center Co  (TSE:6039) 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.


Japan Animal Referral Medical Center Co Return-on-Tangible-Equity Related Terms


Japan Animal Referral Medical Center Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Japan Animal Referral Medical Center 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.

Japan Animal Referral Medical Center Co Return-on-Tangible-Equity Chart

Japan Animal Referral Medical Center Co 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 13.77 15.40 10.60 15.03 20.85

Japan Animal Referral Medical Center Co 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 14.66 14.68 15.84 21.50 20.14

TSE:6039 vs ROL, SCI, FTDR: Return-on-Tangible-Equity Comparison

For the Personal Services subindustry, Japan Animal Referral Medical Center 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.


Japan Animal Referral Medical Center Co Return-on-Tangible-Equity vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Japan Animal Referral Medical Center Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Japan Animal Referral Medical Center Co's Return-on-Tangible-Equity falls into.


TSE:6039
83GF Score
Japan Animal Referral Medical Center Co Ltd TSE:6039
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Animal Referral Medical Center Co Return-on-Tangible-Equity Calculation

Japan Animal Referral Medical Center Co'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 )
=833.428/( (3669.106+4326.053 )/ 2 )
=833.428/3997.5795
=20.85 %

Japan Animal Referral Medical Center Co'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 )
=840.32/( (4018.072+4326.053)/ 2 )
=840.32/4172.0625
=20.14 %

* 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 20.14% mean?
Japan Animal Referral Medical Center Co (TSE:6039) has a Return-on-Tangible-Equity of 20.14% 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 Japan Animal Referral Medical Center Co and its competitors. This is 31% above median its historical median of 15.40. Over the past decade, Japan Animal Referral Medical Center Co's Return-on-Tangible-Equity has ranged from 10.60 to 21.11. According to the industry distribution chart, Japan Animal Referral Medical Center Co ranks #30 out of 85 companies in the Personal Services industry, placing it in the top 35.3%.
Is Japan Animal Referral Medical Center Co's Return-on-Tangible-Equity too high?
Japan Animal Referral Medical Center Co's current Return-on-Tangible-Equity of 20.14% is 31% above median its 10-year median of 15.40. Over the past 10 years, this metric has ranged from a low of 10.60 to a high of 21.11. The Personal Services industry median Return-on-Tangible-Equity is 13.17. Japan Animal Referral Medical Center Co's value of 20.14% is 52.9% above this industry median. Based on the distribution chart, Japan Animal Referral Medical Center Co ranks #30 out of 85 companies in the Personal Services industry, which is above the industry midpoint. Overall, Japan Animal Referral Medical Center Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Animal Referral Medical Center Co's Return-on-Tangible-Equity compare to ROL and SCI?
According to the Personal Services industry distribution chart, Japan Animal Referral Medical Center Co ranks #30 out of 85 companies for Return-on-Tangible-Equity. This puts Japan Animal Referral Medical Center Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 13.17. Japan Animal Referral Medical Center Co's value of 20.14% is 52.9% above this benchmark. Historically, Japan Animal Referral Medical Center Co's own Return-on-Tangible-Equity has ranged from 10.60 to 21.11 over the past decade. While the company's 10-year median is 15.40 vs. the industry median of 13.17, Japan Animal Referral Medical Center 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 Personal Services company?
The median Return-on-Tangible-Equity among Personal Services companies is 13.17, based on 85 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. Japan Animal Referral Medical Center Co's current Return-on-Tangible-Equity of 20.14% is 52.9% 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 Japan Animal Referral Medical Center Co and its competitors. For the Personal Services industry, the median Return-on-Tangible-Equity is 13.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Animal Referral Medical Center Co's current Return-on-Tangible-Equity is 20.14%, which is 31% above median its own 10-year median of 15.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Animal Referral Medical Center Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Animal Referral Medical Center Co (TSE:6039) is currently considered Significantly Overvalued. The stock's GF Value™ is 円643.07, compared to a current price of 円968.00 — trading 50.5% above its estimated fair value. The current Return-on-Tangible-Equity is 20.14%, which is 31% above median its 10-year median of 15.40 and 52.9% above the Personal Services industry median of 13.17. Japan Animal Referral Medical Center Co's overall GF Score™ is 83/100 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 Japan Animal Referral Medical Center Co (TSE:6039), the current Return-on-Tangible-Equity is 20.14% 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 Japan Animal Referral Medical Center Co (TSE:6039) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Animal Referral Medical Center Co stock appears to be overvalued. The current stock price of 円968.00 is trading 50.5% above its estimated GF Value™ of 円643.07. GuruFocus considers Japan Animal Referral Medical Center Co to be Significantly Overvalued.

Key valuation signals for TSE:6039:

  • Return-on-Tangible-Equity: 20.14% (31% above median its 10-year median of 15.40)
  • GF Value™: 円643.07 vs. price of 円968.00 (50.5% above fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 52.9% above the Personal Services median (#30 of 85)

No single metric tells the full story. See the TSE:6039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Animal Referral Medical Center Co Business Description

Address 2-5-8, Kuji, Takatsu-ku, Kanagawa, Yubinbango, Kawasaki, JPN, 213-0032
Japan Animal Referral Medical Center Co Ltd provides advanced clinical treatments for animals, contract clinical research in animal health and veterinarian education.
83GF Score

Get the complete analysis for TSE:6039

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

円968.00
Price
円643.07
GF Value