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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. Nippon Antenna Co's annualized net income for the quarter that ended in Sep. 2025 was 円1,888 Mil. Nippon Antenna Co's average shareholder tangible equity for the quarter that ended in Sep. 2025 was 円16,057 Mil. Therefore, Nippon Antenna Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 11.76%.
The historical rank and industry rank for Nippon Antenna Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6930'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.99 Med: 0.07 Max: 36.39
Current: 36.39
During the past 13 years, Nippon Antenna Co's highest Return-on-Tangible-Equity was 36.39%. The lowest was -21.99%. And the median was 0.07%.
TSE:6930's Return-on-Tangible-Equity is not ranked
in the Hardware industry.
Industry Median: 5.32
vs TSE:6930: 36.39
Nippon Antenna Co (TSE:6930) 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.
Nippon Antenna Co Return-on-Tangible-Equity Related Terms
Nippon Antenna Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nippon Antenna 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:6930 vs CSCO, MSI, UI: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Nippon Antenna 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.
Nippon Antenna Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Nippon Antenna Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Antenna 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 two times the semi-annual (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.76% mean?
Nippon Antenna Co (TSE:6930) has a Return-on-Tangible-Equity of 11.76% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nippon Antenna Co and its competitors. This is 16700% above median its historical median of 0.07.
Is Nippon Antenna Co's Return-on-Tangible-Equity too high?
Nippon Antenna Co's current Return-on-Tangible-Equity of 11.76% is 16700% above median its 10-year median of 0.07. The Hardware industry median Return-on-Tangible-Equity is 5.32. Nippon Antenna Co's value of 11.76% is 121.1% above this industry median. Overall, Nippon Antenna Co has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Antenna Co's Return-on-Tangible-Equity compare to CSCO and MSI?
Nippon Antenna Co's Return-on-Tangible-Equity of 11.76% can be compared against companies in the Hardware industry. The industry median Return-on-Tangible-Equity is 5.32. Nippon Antenna Co's value of 11.76% is 121.1% above this benchmark. While the company's 10-year median is 0.07 vs. the industry median of 5.32, Nippon Antenna 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 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. Nippon Antenna Co's current Return-on-Tangible-Equity of 11.76% is 121.1% 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 Nippon Antenna 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. Nippon Antenna Co's current Return-on-Tangible-Equity is 11.76%, which is 16700% above median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Antenna Co stock overvalued right now?
Nippon Antenna Co (TSE:6930) has a current Return-on-Tangible-Equity of 11.76%. The stock's GF Value™ is 円435.28, compared to a current price of 円823.00 — trading 89.1% above its estimated fair value. The current Return-on-Tangible-Equity is 11.76%, which is 16700% above median its 10-year median of 0.07 and 121.1% above the Hardware industry median of 5.32. Nippon Antenna Co's overall GF Score™ is 36/100 with 6 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 Nippon Antenna Co (TSE:6930), the current Return-on-Tangible-Equity is 11.76% as of Sep. 2025. 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 Nippon Antenna Co (TSE:6930) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Antenna Co stock appears to be overvalued.
The current stock price of 円823.00 is trading 89.1% above its estimated GF Value™ of 円435.28.
Key valuation signals for TSE:6930:
Return-on-Tangible-Equity: 11.76% (16700% above median its 10-year median of 0.07)
GF Value™: 円435.28 vs. price of 円823.00 (89.1% above fair value)
Industry Position: 121.1% above the Hardware median
No single metric tells the full story. See the TSE:6930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Antenna Co Ltd manufactures and sale of antennas for telecommunications, automobiles, and electronic equipment. The its products include satellite, mobile phones, television reception antennas, and satellite broadcasting, cable television (CATV), CATV Internet, satellite reception and radio wave interference counter measures.
36GF Score
Get the complete analysis for TSE:6930
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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