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.
Kaji TechnologyTSE:6391 -0.45%70 Return-on-Tangible-Equity is 15.11% as of Mar. 2026, which is 223% above its 10-year median of 4.68. GuruFocus rates TSE:6391 with a GF Score™ of 70/100 and a GF Value™ of 円4,569.95 (Fairly Valued). Among 2,972 Industrial Products companies, Kaji Technology ranks better than 60.43% 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. Kaji Technology's annualized net income for the quarter that ended in Mar. 2026 was 円1,202 Mil. Kaji Technology's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円7,956 Mil. Therefore, Kaji Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.11%.
The historical rank and industry rank for Kaji Technology's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6391'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.73 Med: 4.68 Max: 9.23
Current: 9.23
During the past 13 years, Kaji Technology's highest Return-on-Tangible-Equity was 9.23%. The lowest was 2.73%. And the median was 4.68%.
TSE:6391's Return-on-Tangible-Equity is ranked better than 60.43% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs TSE:6391: 9.23
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.
Kaji Technology Return-on-Tangible-Equity Related Terms
Kaji Technology Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kaji Technology'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:6391 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Kaji Technology'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.
Kaji Technology Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kaji Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kaji Technology'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 15.11% mean?
Kaji Technology (TSE:6391) has a Return-on-Tangible-Equity of 15.11% 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 Kaji Technology and its competitors. This is 223% above median its historical median of 4.68. Over the past decade, Kaji Technology's Return-on-Tangible-Equity has ranged from 2.73 to 9.23. According to the industry distribution chart, Kaji Technology ranks #1176 out of 2972 companies in the Industrial Products industry, placing it in the top 39.6%.
Is Kaji Technology's Return-on-Tangible-Equity too high?
Kaji Technology's current Return-on-Tangible-Equity of 15.11% is 223% above median its 10-year median of 4.68. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 9.23. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Kaji Technology's value of 15.11% is 122.9% above this industry median. Based on the distribution chart, Kaji Technology ranks #1176 out of 2972 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kaji Technology has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kaji Technology's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kaji Technology ranks #1176 out of 2972 companies for Return-on-Tangible-Equity. This puts Kaji Technology in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.78. Kaji Technology's value of 15.11% is 122.9% above this benchmark. Historically, Kaji Technology's own Return-on-Tangible-Equity has ranged from 2.73 to 9.23 over the past decade. While the company's 10-year median is 4.68 vs. the industry median of 6.78, Kaji Technology 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,972 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. Kaji Technology's current Return-on-Tangible-Equity of 15.11% is 122.9% 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 Kaji Technology and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaji Technology's current Return-on-Tangible-Equity is 15.11%, which is 223% above median its own 10-year median of 4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaji Technology stock overvalued right now?
Based on GuruFocus' analysis, Kaji Technology (TSE:6391) is currently considered Fairly Valued. The stock's GF Value™ is 円4,569.95, compared to a current price of 円4,380.00 — trading 4.2% below its estimated fair value. The current Return-on-Tangible-Equity is 15.11%, which is 223% above median its 10-year median of 4.68 and 122.9% above the Industrial Products industry median of 6.78. Kaji Technology's overall GF Score™ is 70/100. 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 Kaji Technology (TSE:6391), the current Return-on-Tangible-Equity is 15.11% 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 Kaji Technology (TSE:6391) Overvalued in 2026?
Based on GuruFocus' analysis, Kaji Technology stock appears to be undervalued.
The current stock price of 円4,380.00 is trading 4.2% below its estimated GF Value™ of 円4,569.95.
GuruFocus considers Kaji Technology to be Fairly Valued.
Key valuation signals for TSE:6391:
Return-on-Tangible-Equity: 15.11% (223% above median its 10-year median of 4.68)
GF Value™: 円4,569.95 vs. price of 円4,380.00 (4.2% below fair value)
Industry Position: 122.9% above the Industrial Products median (#1176 of 2972)
No single metric tells the full story. See the TSE:6391 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaji Technology Corp is a Japan-based company that manufactures air and gas compressors, textile machinery, cast iron products, and weldments. Its offerings include gas compressors, CNG compressors, monitoring systems, PET blowing, and gas handling equipment.
70GF Score
Get the complete analysis for TSE:6391
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:6391 has been successfully added to your 
