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IcecoTSE:7698 +1.44%65 Return-on-Tangible-Equity is -3.56% as of Mar. 2026. GuruFocus rates TSE:7698 with a GF Score™ of 65/100 and a GF Value™ of 円1,879.55 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 301 Retail - Defensive companies, Iceco ranks worse than 55.48% 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. Iceco's annualized net income for the quarter that ended in Mar. 2026 was 円-147 Mil. Iceco's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円4,136 Mil. Therefore, Iceco's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -3.56%.
The historical rank and industry rank for Iceco's Return-on-Tangible-Equity or its related term are showing as below:
TSE:7698'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.66 Med: 9.65 Max: 25.72
Current: 9.35
During the past 8 years, Iceco's highest Return-on-Tangible-Equity was 25.72%. The lowest was 4.66%. And the median was 9.65%.
TSE:7698's Return-on-Tangible-Equity is ranked worse than 55.48% of 301
companies
in the Retail - Defensive industry
Industry Median: 11.18
vs TSE:7698: 9.35
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.
Iceco Return-on-Tangible-Equity Related Terms
Iceco Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Iceco'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:7698 vs SYY, USFD, PFGC: Return-on-Tangible-Equity Comparison
For the Food Distribution subindustry, Iceco'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.
Iceco Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Iceco's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Iceco'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 -3.56% mean?
Iceco (TSE:7698) has a Return-on-Tangible-Equity of -3.56% 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 Iceco and its competitors. Over the past decade, Iceco's Return-on-Tangible-Equity has ranged from 4.66 to 25.72. According to the industry distribution chart, Iceco ranks #167 out of 301 companies in the Retail - Defensive industry, placing it in the top 55.5%.
Is Iceco's Return-on-Tangible-Equity too high?
Iceco's current Return-on-Tangible-Equity is -3.56%. Over the past 10 years, this metric has ranged from a low of 4.66 to a high of 25.72. Based on the distribution chart, Iceco ranks #167 out of 301 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Iceco has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iceco's Return-on-Tangible-Equity compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Iceco ranks #167 out of 301 companies for Return-on-Tangible-Equity. This places Iceco in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.18. Historically, Iceco's own Return-on-Tangible-Equity has ranged from 4.66 to 25.72 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.18, based on 301 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 Iceco and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iceco's current Return-on-Tangible-Equity is -3.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iceco stock overvalued right now?
Based on GuruFocus' analysis, Iceco (TSE:7698) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,879.55, compared to a current price of 円2,598.00 — trading 38.2% above its estimated fair value. The current Return-on-Tangible-Equity is -3.56%. Iceco's overall GF Score™ is 65/100 with 7 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 Iceco (TSE:7698), the current Return-on-Tangible-Equity is -3.56% 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 Iceco (TSE:7698) Overvalued in 2026?
Based on GuruFocus' analysis, Iceco stock appears to be overvalued.
The current stock price of 円2,598.00 is trading 38.2% above its estimated GF Value™ of 円1,879.55.
GuruFocus considers Iceco to be Significantly Overvalued.
Key valuation signals for TSE:7698:
Return-on-Tangible-Equity: -3.56%
GF Value™: 円1,879.55 vs. price of 円2,598.00 (38.2% above fair value)
No single metric tells the full story. See the TSE:7698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iceco Inc is principally involved in the wholesale of frozen foods and ice cream. The company is also engaged in the supermarket business, which operates a food supermarket. The company generates the majority of its revenue from the Frozen food business.
65GF Score
Get the complete analysis for TSE:7698
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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