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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. Japan Resistor Mfg Co's annualized net income for the quarter that ended in Dec. 2025 was 円0 Mil. Japan Resistor Mfg Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円1,204 Mil. Therefore, Japan Resistor Mfg Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Japan Resistor Mfg Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6977'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -28.34 Med: 3.33 Max: 15.93
Current: -10.78
During the past 13 years, Japan Resistor Mfg Co's highest Return-on-Tangible-Equity was 15.93%. The lowest was -28.34%. And the median was 3.33%.
TSE:6977's Return-on-Tangible-Equity is ranked worse than 82.89% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TSE:6977: -10.78
Japan Resistor Mfg Co (TSE:6977) 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.
Japan Resistor Mfg Co Return-on-Tangible-Equity Related Terms
Japan Resistor Mfg Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Japan Resistor Mfg 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.
Japan Resistor Mfg Co Return-on-Tangible-Equity Chart
TSE:6977 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Japan Resistor Mfg 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.
Japan Resistor Mfg Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Japan Resistor Mfg Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Japan Resistor Mfg 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
Japan Resistor Mfg Co (TSE:6977) has a Return-on-Tangible-Equity of 0.00% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Japan Resistor Mfg Co and its competitors. According to the industry distribution chart, Japan Resistor Mfg Co ranks #1977 out of 2385 companies in the Hardware industry, placing it in the top 82.9%.
Is Japan Resistor Mfg Co's Return-on-Tangible-Equity too high?
Japan Resistor Mfg Co's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Japan Resistor Mfg Co ranks #1977 out of 2385 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Japan Resistor Mfg Co has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Resistor Mfg Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Japan Resistor Mfg Co ranks #1977 out of 2385 companies for Return-on-Tangible-Equity. This places Japan Resistor Mfg Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.32. 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 Japan Resistor Mfg 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. Japan Resistor Mfg Co's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Resistor Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Resistor Mfg Co (TSE:6977) is currently considered Significantly Overvalued. The stock's GF Value™ is 円799.46, compared to a current price of 円1,350.00 — trading 68.9% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Japan Resistor Mfg Co's overall GF Score™ is 44/100 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 Japan Resistor Mfg Co (TSE:6977), the current Return-on-Tangible-Equity is 0.00% as of Dec. 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 Japan Resistor Mfg Co (TSE:6977) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Resistor Mfg Co stock appears to be overvalued.
The current stock price of 円1,350.00 is trading 68.9% above its estimated GF Value™ of 円799.46.
GuruFocus considers Japan Resistor Mfg Co to be Significantly Overvalued.
Key valuation signals for TSE:6977:
Return-on-Tangible-Equity: 0.00%
GF Value™: 円799.46 vs. price of 円1,350.00 (68.9% above fair value)
No single metric tells the full story. See the TSE:6977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Resistor Mfg Co Ltd is engaged in the manufacture and sale of electronic components (main product groups include resistors, potentiometers, hybrid ICs, and electronic devices). Its product offering comprises fixed and variable resistors, heaters, sensors/potentiometers, hybrid ICs, circuit boards, and units. The company supplies its products to various industries and fields.
44GF Score
Get the complete analysis for TSE:6977
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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