Matsumoto (TSE:7901) Return-on-Tangible-Equity: 111.68% (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7901 Matsumoto Inc TSE:7901
52 GF Score
Price 円780.00
GF Value 円1,028.95
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Matsumoto Return-on-Tangible-Equity?

Matsumoto TSE:7901 52 Return-on-Tangible-Equity is 111.68% as of Apr. 2026. GuruFocus rates TSE:7901 with a GF Score™ of 52/100 and a GF Value™ of 円1,028.95 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 280 Forest Products companies, Matsumoto ranks better than 93.93% 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. Matsumoto's annualized net income for the quarter that ended in Apr. 2026 was 円849 Mil. Matsumoto's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円760 Mil. Therefore, Matsumoto's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 111.68%.

The historical rank and industry rank for Matsumoto's Return-on-Tangible-Equity or its related term are showing as below:

TSE:7901' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -61.81   Med: -2.93   Max: 19.95
Current: 19.95

During the past 13 years, Matsumoto's highest Return-on-Tangible-Equity was 19.95%. The lowest was -61.81%. And the median was -2.93%.

TSE:7901's Return-on-Tangible-Equity is ranked better than
93.93% of 280 companies
in the Forest Products industry
Industry Median: 2.2 vs TSE:7901: 19.95

Matsumoto  (TSE:7901) 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.


Matsumoto Return-on-Tangible-Equity Related Terms


Matsumoto Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Matsumoto'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.

Matsumoto Return-on-Tangible-Equity Chart

Matsumoto Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -61.81 5.05 -5.84 -57.34 17.12

Matsumoto Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.37 -81.43 -36.21 -79.62 111.68

Matsumoto Return-on-Tangible-Equity Competitor Comparison

For the Paper & Paper Products subindustry, Matsumoto'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.


Matsumoto Return-on-Tangible-Equity vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Matsumoto's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Matsumoto's Return-on-Tangible-Equity falls into.


TSE:7901
52GF Score
Matsumoto Inc TSE:7901
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matsumoto Return-on-Tangible-Equity Calculation

Matsumoto's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Apr. 2026 )  (A: Apr. 2025 )(A: Apr. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Apr. 2026 )  (A: Apr. 2025 )(A: Apr. 2026 )
=155.955/( (825.168+996.427 )/ 2 )
=155.955/910.7975
=17.12 %

Matsumoto's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=849.054/( (524.057+996.427)/ 2 )
=849.054/760.242
=111.68 %

* 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 (Apr. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 111.68% mean?
Matsumoto (TSE:7901) has a Return-on-Tangible-Equity of 111.68% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Matsumoto and its competitors. According to the industry distribution chart, Matsumoto ranks #17 out of 280 companies in the Forest Products industry, placing it in the top 6.1%.
Is Matsumoto's Return-on-Tangible-Equity too high?
Matsumoto's current Return-on-Tangible-Equity is 111.68%. The Forest Products industry median Return-on-Tangible-Equity is 2.20. Matsumoto's value of 111.68% is 4976.4% above this industry median. Based on the distribution chart, Matsumoto ranks #17 out of 280 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Matsumoto has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Matsumoto's Return-on-Tangible-Equity compare to competitors?
According to the Forest Products industry distribution chart, Matsumoto ranks #17 out of 280 companies for Return-on-Tangible-Equity. This places Matsumoto in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 2.20. Matsumoto's value of 111.68% is 4976.4% above this benchmark. 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.20, based on 280 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. Matsumoto's current Return-on-Tangible-Equity of 111.68% is 4976.4% 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 Matsumoto and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matsumoto's current Return-on-Tangible-Equity is 111.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsumoto stock overvalued right now?
Based on GuruFocus' analysis, Matsumoto (TSE:7901) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,028.95, compared to a current price of 円780.00 — trading 24.2% below its estimated fair value. The current Return-on-Tangible-Equity is 111.68% and 4976.4% above the Forest Products industry median of 2.20. Matsumoto's overall GF Score™ is 52/100 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 Matsumoto (TSE:7901), the current Return-on-Tangible-Equity is 111.68% as of Apr. 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 Matsumoto (TSE:7901) Overvalued in 2026?

Based on GuruFocus' analysis, Matsumoto stock appears to be undervalued. The current stock price of 円780.00 is trading 24.2% below its estimated GF Value™ of 円1,028.95. GuruFocus considers Matsumoto to be Modestly Undervalued.

Key valuation signals for TSE:7901:

  • Return-on-Tangible-Equity: 111.68%
  • GF Value™: 円1,028.95 vs. price of 円780.00 (24.2% below fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 4976.4% above the Forest Products median (#17 of 280)

No single metric tells the full story. See the TSE:7901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matsumoto Business Description

Address 1-2-1 Shanoki Moji Ward, Fukuoka Prefecture, Kitakyushu, JPN, 800-8555
Matsumoto Inc produces and sells graduation albums, as well as commercial printing products, such as posters, catalogs, and pamphlets. The company is also engaged in the digital picture albums and self-publishing business.
52GF Score

Get the complete analysis for TSE:7901

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円780.00
Price
円1,028.95
GF Value