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for StartupsTSE:7089 -1.22%92 Return-on-Tangible-Equity is 41.27% as of Mar. 2026, which is 27% above its 10-year median of 32.50. GuruFocus rates TSE:7089 with a GF Score™ of 92/100 and a GF Value™ of 円1,285.96 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,009 Business Services companies, for Startups ranks better than 80.18% 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. for Startups's annualized net income for the quarter that ended in Mar. 2026 was 円1,067 Mil. for Startups's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円2,585 Mil. Therefore, for Startups's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 41.27%.
The historical rank and industry rank for for Startups's Return-on-Tangible-Equity or its related term are showing as below:
TSE:7089'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.95 Med: 32.5 Max: 80.24
Current: 33.42
During the past 9 years, for Startups's highest Return-on-Tangible-Equity was 80.24%. The lowest was 9.95%. And the median was 32.50%.
TSE:7089's Return-on-Tangible-Equity is ranked better than 80.18% of 1009
companies
in the Business Services industry
Industry Median: 10.69
vs TSE:7089: 33.42
for Startups (TSE:7089) 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.
for Startups Return-on-Tangible-Equity Related Terms
for Startups Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for for Startups'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:7089 vs KFY, RHI, TNET: Return-on-Tangible-Equity Comparison
For the Staffing & Employment Services subindustry, for Startups'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.
for Startups Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, for Startups's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where for Startups'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 41.27% mean?
for Startups (TSE:7089) has a Return-on-Tangible-Equity of 41.27% 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 for Startups and its competitors. This is 27% above median its historical median of 32.50. Over the past decade, for Startups' Return-on-Tangible-Equity has ranged from 9.95 to 80.24. According to the industry distribution chart, for Startups ranks #200 out of 1009 companies in the Business Services industry, placing it in the top 19.8%.
Is for Startups' Return-on-Tangible-Equity too high?
for Startups' current Return-on-Tangible-Equity of 41.27% is 27% above median its 10-year median of 32.50. Over the past 10 years, this metric has ranged from a low of 9.95 to a high of 80.24. The Business Services industry median Return-on-Tangible-Equity is 10.69. for Startups' value of 41.27% is 286.1% above this industry median. Based on the distribution chart, for Startups ranks #200 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, for Startups has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does for Startups' Return-on-Tangible-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, for Startups ranks #200 out of 1009 companies for Return-on-Tangible-Equity. This places for Startups in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.69. for Startups' value of 41.27% is 286.1% above this benchmark. Historically, for Startups' own Return-on-Tangible-Equity has ranged from 9.95 to 80.24 over the past decade. While the company's 10-year median is 32.50 vs. the industry median of 10.69, for Startups 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.69, based on 1,009 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. for Startups's current Return-on-Tangible-Equity of 41.27% is 286.1% 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 for Startups and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. for Startups's current Return-on-Tangible-Equity is 41.27%, which is 27% above median its own 10-year median of 32.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is for Startups stock overvalued right now?
Based on GuruFocus' analysis, for Startups (TSE:7089) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,285.96, compared to a current price of 円1,541.00 — trading 19.8% above its estimated fair value. The current Return-on-Tangible-Equity is 41.27%, which is 27% above median its 10-year median of 32.50 and 286.1% above the Business Services industry median of 10.69. for Startups' overall GF Score™ is 92/100 with 4 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 for Startups (TSE:7089), the current Return-on-Tangible-Equity is 41.27% 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 for Startups (TSE:7089) Overvalued in 2026?
Based on GuruFocus' analysis, for Startups stock appears to be overvalued.
The current stock price of 円1,541.00 is trading 19.8% above its estimated GF Value™ of 円1,285.96.
GuruFocus considers for Startups to be Modestly Overvalued.
Key valuation signals for TSE:7089:
Return-on-Tangible-Equity: 41.27% (27% above median its 10-year median of 32.50)
GF Value™: 円1,285.96 vs. price of 円1,541.00 (19.8% above fair value)
Industry Position: 286.1% above the Business Services median (#200 of 1009)
No single metric tells the full story. See the TSE:7089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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