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TESECTSE:6337 +1.58%77 Return-on-Tangible-Equity is 3.67% as of Mar. 2026, which is 48% below its 10-year median of 7.03. GuruFocus rates TSE:6337 with a GF Score™ of 77/100 and a GF Value™ of 円1,702.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 985 Semiconductors companies, TESEC ranks worse than 55.94% 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. TESEC's annualized net income for the quarter that ended in Mar. 2026 was 円498 Mil. TESEC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円13,561 Mil. Therefore, TESEC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.67%.
The historical rank and industry rank for TESEC's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6337'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.04 Med: 7.03 Max: 18.72
Current: 3.41
During the past 13 years, TESEC's highest Return-on-Tangible-Equity was 18.72%. The lowest was -3.04%. And the median was 7.03%.
TSE:6337's Return-on-Tangible-Equity is ranked worse than 55.94% of 985
companies
in the Semiconductors industry
Industry Median: 5.24
vs TSE:6337: 3.41
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.
TESEC Return-on-Tangible-Equity Related Terms
TESEC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TESEC'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:6337 vs AMAT, LRCX, KLAC: Return-on-Tangible-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, TESEC'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.
TESEC Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, TESEC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TESEC'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 3.67% mean?
TESEC (TSE:6337) has a Return-on-Tangible-Equity of 3.67% 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 TESEC and its competitors. This is 48% below median its historical median of 7.03. According to the industry distribution chart, TESEC ranks #551 out of 985 companies in the Semiconductors industry, placing it in the top 55.9%.
Is TESEC's Return-on-Tangible-Equity too high?
TESEC's current Return-on-Tangible-Equity of 3.67% is 48% below median its 10-year median of 7.03. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. TESEC's value of 3.67% is 30% below this industry median. Based on the distribution chart, TESEC ranks #551 out of 985 companies in the Semiconductors industry, which is below the industry midpoint. Overall, TESEC has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TESEC's Return-on-Tangible-Equity compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, TESEC ranks #551 out of 985 companies for Return-on-Tangible-Equity. This places TESEC in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.24. TESEC's value of 3.67% is 30% below this benchmark. While the company's 10-year median is 7.03 vs. the industry median of 5.24, TESEC 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 a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 985 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. TESEC's current Return-on-Tangible-Equity of 3.67% is 30% 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 TESEC and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TESEC's current Return-on-Tangible-Equity is 3.67%, which is 48% below median its own 10-year median of 7.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TESEC stock overvalued right now?
Based on GuruFocus' analysis, TESEC (TSE:6337) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,702.01, compared to a current price of 円2,438.00 — trading 43.2% above its estimated fair value. The current Return-on-Tangible-Equity is 3.67%, which is 48% below median its 10-year median of 7.03 and 30% below the Semiconductors industry median of 5.24. TESEC's overall GF Score™ is 77/100 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 TESEC (TSE:6337), the current Return-on-Tangible-Equity is 3.67% 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 TESEC (TSE:6337) Overvalued in 2026?
Based on GuruFocus' analysis, TESEC stock appears to be overvalued.
The current stock price of 円2,438.00 is trading 43.2% above its estimated GF Value™ of 円1,702.01.
GuruFocus considers TESEC to be Significantly Overvalued.
Key valuation signals for TSE:6337:
Return-on-Tangible-Equity: 3.67% (48% below median its 10-year median of 7.03)
GF Value™: 円1,702.01 vs. price of 円2,438.00 (43.2% above fair value)
Industry Position: 30% below the Semiconductors median (#551 of 985)
No single metric tells the full story. See the TSE:6337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TESEC Corp is a manufacturer of semiconductor test equipment. The company's product profile is divided into Test Systems and Handlers. Test Systems include products such as Dynamic Test System, Thermal Resistance Tester, Discrete Device Test System, IPD/IPM Test system, and others. Handlers comprise of Strip Test Handler, Die Sorter, Discrete Handler, TAB Handler, Film Frame Test Handler, Gravity Handler, and other related products. It also provides after-sales services.
77GF Score
Get the complete analysis for TSE:6337
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