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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. Daikoku Denki Co's annualized net income for the quarter that ended in Mar. 2026 was 円-4,086 Mil. Daikoku Denki Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円44,765 Mil. Therefore, Daikoku Denki Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -9.13%.
The historical rank and industry rank for Daikoku Denki Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6430'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.91 Med: 4.61 Max: 24.96
Current: 13.34
During the past 13 years, Daikoku Denki Co's highest Return-on-Tangible-Equity was 24.96%. The lowest was 1.91%. And the median was 4.61%.
TSE:6430's Return-on-Tangible-Equity is ranked better than 75.18% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TSE:6430: 13.34
Daikoku Denki Co (TSE:6430) 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.
Daikoku Denki Co Return-on-Tangible-Equity Related Terms
Daikoku Denki Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Daikoku Denki 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.
TSE:6430 vs SNDK, DELL, STX: Return-on-Tangible-Equity Comparison
For the Computer Hardware subindustry, Daikoku Denki 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.
Daikoku Denki Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Daikoku Denki Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Daikoku Denki Co'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 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 -9.13% mean?
Daikoku Denki Co (TSE:6430) has a Return-on-Tangible-Equity of -9.13% 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 Daikoku Denki Co and its competitors. Over the past decade, Daikoku Denki Co's Return-on-Tangible-Equity has ranged from 1.91 to 24.96. According to the industry distribution chart, Daikoku Denki Co ranks #592 out of 2385 companies in the Hardware industry, placing it in the top 24.8%.
Is Daikoku Denki Co's Return-on-Tangible-Equity too high?
Daikoku Denki Co's current Return-on-Tangible-Equity is -9.13%. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 24.96. Based on the distribution chart, Daikoku Denki Co ranks #592 out of 2385 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Daikoku Denki Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Daikoku Denki Co's Return-on-Tangible-Equity compare to SNDK and DELL?
According to the Hardware industry distribution chart, Daikoku Denki Co ranks #592 out of 2385 companies for Return-on-Tangible-Equity. This places Daikoku Denki Co in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.32. Historically, Daikoku Denki Co's own Return-on-Tangible-Equity has ranged from 1.91 to 24.96 over the past decade. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,385 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. 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 Daikoku Denki Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daikoku Denki Co's current Return-on-Tangible-Equity is -9.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daikoku Denki Co stock overvalued right now?
Based on GuruFocus' analysis, Daikoku Denki Co (TSE:6430) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,381.87, compared to a current price of 円2,355.00 — trading 30.4% below its estimated fair value. The current Return-on-Tangible-Equity is -9.13%. Daikoku Denki Co's overall GF Score™ is 69/100 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 Daikoku Denki Co (TSE:6430), the current Return-on-Tangible-Equity is -9.13% 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 Daikoku Denki Co (TSE:6430) Overvalued in 2026?
Based on GuruFocus' analysis, Daikoku Denki Co stock appears to be undervalued.
The current stock price of 円2,355.00 is trading 30.4% below its estimated GF Value™ of 円3,381.87.
GuruFocus considers Daikoku Denki Co to be Significantly Undervalued.
Key valuation signals for TSE:6430:
Return-on-Tangible-Equity: -9.13%
GF Value™: 円3,381.87 vs. price of 円2,355.00 (30.4% below fair value)
No single metric tells the full story. See the TSE:6430 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daikoku Denki Co Ltd engages in the development, manufacture, and sale of computer systems for pachinko parlors, and the manufacture and sale of pachinko and pachislot gaming machines. The group's reportable segments are Information Systems Business and Amusement Business. The majority of its revenue is generated from the Information Systems Business, which is mainly involved in the development of computer systems for pachinko parlors, prize customer management systems, and information disclosure systems. The Amusement Business engages in the development, manufacture, and sale of display units and control units for pachinko gaming machines, as well as the sale of pachinko slot machines. In addition, it also offers parts used in gaming machines.
69GF Score
Get the complete analysis for TSE:6430
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