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Leader ElectronicsTSE:6867 -1.19%65 Return-on-Tangible-Equity is 7.66% as of Mar. 2026, which is 147% above its 10-year median of 3.10. GuruFocus rates TSE:6867 with a GF Score™ of 65/100 and a GF Value™ of 円510.51 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,385 Hardware companies, Leader Electronics ranks worse than 62.05% 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. Leader Electronics's annualized net income for the quarter that ended in Mar. 2026 was 円241 Mil. Leader Electronics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円3,140 Mil. Therefore, Leader Electronics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.66%.
The historical rank and industry rank for Leader Electronics's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6867'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.43 Med: 3.1 Max: 11.15
Current: 2.28
During the past 13 years, Leader Electronics's highest Return-on-Tangible-Equity was 11.15%. The lowest was -15.43%. And the median was 3.10%.
TSE:6867's Return-on-Tangible-Equity is ranked worse than 62.05% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TSE:6867: 2.28
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.
Leader Electronics Return-on-Tangible-Equity Related Terms
Leader Electronics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Leader Electronics'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:6867 vs COHR, KEYS, GRMN: Return-on-Tangible-Equity Comparison
For the Scientific & Technical Instruments subindustry, Leader Electronics'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.
Leader Electronics Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Leader Electronics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Leader Electronics'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 7.66% mean?
Leader Electronics (TSE:6867) has a Return-on-Tangible-Equity of 7.66% 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 Leader Electronics and its competitors. This is 147% above median its historical median of 3.10. According to the industry distribution chart, Leader Electronics ranks #1480 out of 2385 companies in the Hardware industry, placing it in the top 62.1%.
Is Leader Electronics' Return-on-Tangible-Equity too high?
Leader Electronics' current Return-on-Tangible-Equity of 7.66% is 147% above median its 10-year median of 3.10. The Hardware industry median Return-on-Tangible-Equity is 5.32. Leader Electronics' value of 7.66% is 44% above this industry median. Based on the distribution chart, Leader Electronics ranks #1480 out of 2385 companies in the Hardware industry, which is below the industry midpoint. Overall, Leader Electronics has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Leader Electronics' Return-on-Tangible-Equity compare to COHR and KEYS?
According to the Hardware industry distribution chart, Leader Electronics ranks #1480 out of 2385 companies for Return-on-Tangible-Equity. This places Leader Electronics in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Leader Electronics' value of 7.66% is 44% above this benchmark. While the company's 10-year median is 3.10 vs. the industry median of 5.32, Leader Electronics 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 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. Leader Electronics's current Return-on-Tangible-Equity of 7.66% is 44% 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 Leader Electronics 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. Leader Electronics's current Return-on-Tangible-Equity is 7.66%, which is 147% above median its own 10-year median of 3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leader Electronics stock overvalued right now?
Based on GuruFocus' analysis, Leader Electronics (TSE:6867) is currently considered Modestly Undervalued. The stock's GF Value™ is 円510.51, compared to a current price of 円415.00 — trading 18.7% below its estimated fair value. The current Return-on-Tangible-Equity is 7.66%, which is 147% above median its 10-year median of 3.10 and 44% above the Hardware industry median of 5.32. Leader Electronics' overall GF Score™ is 65/100 with 5 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 Leader Electronics (TSE:6867), the current Return-on-Tangible-Equity is 7.66% 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 Leader Electronics (TSE:6867) Overvalued in 2026?
Based on GuruFocus' analysis, Leader Electronics stock appears to be undervalued.
The current stock price of 円415.00 is trading 18.7% below its estimated GF Value™ of 円510.51.
GuruFocus considers Leader Electronics to be Modestly Undervalued.
Key valuation signals for TSE:6867:
Return-on-Tangible-Equity: 7.66% (147% above median its 10-year median of 3.10)
GF Value™: 円510.51 vs. price of 円415.00 (18.7% below fair value)
Industry Position: 44% above the Hardware median (#1480 of 2385)
No single metric tells the full story. See the TSE:6867 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leader Electronics Corp is engaged in the research, development, manufacturing, and sales of electronic measuring instruments, including those for broadcasting stations, manufacturers of professional video-related equipment, and signal monitoring during live broadcasts of sporting events.
65GF Score
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