Insource Co (TSE:6200) Return-on-Tangible-Equity: 38.93% (As of Mar. 2026) — Near 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:6200 Insource Co Ltd TSE:6200
78 GF Score
Price 円626.00
GF Value 円1,182.41
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Insource Co Return-on-Tangible-Equity?

Insource Co TSE:6200 78 Return-on-Tangible-Equity is 38.93% as of Mar. 2026, which is 8% above its 10-year median of 36.18. GuruFocus rates TSE:6200 with a GF Score™ of 78/100 and a GF Value™ of 円1,182.41 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 246 Education companies, Insource Co ranks better than 79.27% 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. Insource Co's annualized net income for the quarter that ended in Mar. 2026 was 円4,257 Mil. Insource Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円10,935 Mil. Therefore, Insource Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 38.93%.

The historical rank and industry rank for Insource Co's Return-on-Tangible-Equity or its related term are showing as below:

TSE:6200' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.67   Med: 36.18   Max: 46.25
Current: 39.45

During the past 11 years, Insource Co's highest Return-on-Tangible-Equity was 46.25%. The lowest was 15.67%. And the median was 36.18%.

TSE:6200's Return-on-Tangible-Equity is ranked better than
79.27% of 246 companies
in the Education industry
Industry Median: 11.685 vs TSE:6200: 39.45

Insource Co  (TSE:6200) 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.


Insource Co Return-on-Tangible-Equity Related Terms


Insource Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Insource 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.

Insource Co Return-on-Tangible-Equity Chart

Insource Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.25 45.93 42.25 41.97 40.20

Insource Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 46.92 37.80 45.07 35.10 38.93

TSE:6200 vs EDU, TAL, LAUR: Return-on-Tangible-Equity Comparison

For the Education & Training Services subindustry, Insource 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.


Insource Co Return-on-Tangible-Equity vs Education Industry

For the Education industry and Consumer Defensive sector, Insource Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Insource Co's Return-on-Tangible-Equity falls into.


TSE:6200
78GF Score
Insource Co Ltd TSE:6200
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Insource Co Return-on-Tangible-Equity Calculation

Insource Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=4130.091/( (9002.495+11547.071 )/ 2 )
=4130.091/10274.783
=40.20 %

Insource 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: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4257.12/( (10397.501+11472.109)/ 2 )
=4257.12/10934.805
=38.93 %

* 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 (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 38.93% mean?
Insource Co (TSE:6200) has a Return-on-Tangible-Equity of 38.93% 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 Insource Co and its competitors. This is near median its historical median of 36.18. Over the past decade, Insource Co's Return-on-Tangible-Equity has ranged from 15.67 to 46.25. According to the industry distribution chart, Insource Co ranks #51 out of 246 companies in the Education industry, placing it in the top 20.7%.
Is Insource Co's Return-on-Tangible-Equity too high?
Insource Co's current Return-on-Tangible-Equity of 38.93% is near median its 10-year median of 36.18. Over the past 10 years, this metric has ranged from a low of 15.67 to a high of 46.25. The Education industry median Return-on-Tangible-Equity is 11.69. Insource Co's value of 38.93% is 233.2% above this industry median. Based on the distribution chart, Insource Co ranks #51 out of 246 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Insource Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Insource Co's Return-on-Tangible-Equity compare to EDU and TAL?
According to the Education industry distribution chart, Insource Co ranks #51 out of 246 companies for Return-on-Tangible-Equity. This places Insource Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.69. Insource Co's value of 38.93% is 233.2% above this benchmark. Historically, Insource Co's own Return-on-Tangible-Equity has ranged from 15.67 to 46.25 over the past decade. While the company's 10-year median is 36.18 vs. the industry median of 11.69, Insource 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 an Education company?
The median Return-on-Tangible-Equity among Education companies is 11.69, based on 246 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. Insource Co's current Return-on-Tangible-Equity of 38.93% is 233.2% 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 Insource Co and its competitors. For the Education industry, the median Return-on-Tangible-Equity is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Insource Co's current Return-on-Tangible-Equity is 38.93%, which is near median its own 10-year median of 36.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Insource Co stock overvalued right now?
Based on GuruFocus' analysis, Insource Co (TSE:6200) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,182.41, compared to a current price of 円626.00 — trading 47.1% below its estimated fair value. The current Return-on-Tangible-Equity is 38.93%, which is near median its 10-year median of 36.18 and 233.2% above the Education industry median of 11.69. Insource Co's overall GF Score™ is 78/100 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 Insource Co (TSE:6200), the current Return-on-Tangible-Equity is 38.93% 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 Insource Co (TSE:6200) Overvalued in 2026?

Based on GuruFocus' analysis, Insource Co stock appears to be undervalued. The current stock price of 円626.00 is trading 47.1% below its estimated GF Value™ of 円1,182.41. GuruFocus considers Insource Co to be Significantly Undervalued.

Key valuation signals for TSE:6200:

  • Return-on-Tangible-Equity: 38.93% (near median its 10-year median of 36.18)
  • GF Value™: 円1,182.41 vs. price of 円626.00 (47.1% below fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 233.2% above the Education median (#51 of 246)

No single metric tells the full story. See the TSE:6200 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Insource Co Business Description

Address 3-20 Kanda Ogawacho, Chiyoda-k, 5th Floor, Dai-2 Ryumeikan Building, Chiyoda-ku, Tokyo, JPN, 101-0052
Insource Co Ltd provides corporate training and business-related open courses. Also, it offers HR related system and transition support for employment, as well as production of e-learning and corporate movies. The group consists of a single segment, Education Services. It provides human resource development and organizational consulting services, mainly through four businesses: Instructor-Dispatch Training Services and Open Seminar Services related to training, IT Services related to the IT implementation of human resources departments, and Other Businesses.
78GF Score

Get the complete analysis for TSE:6200

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

円626.00
Price
円1,182.41
GF Value