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Daiko XtechTSE:8023 -1.20%66 Return-on-Tangible-Equity is 15.79% as of Mar. 2026, which is 6% above its 10-year median of 14.88. GuruFocus rates TSE:8023 with a GF Score™ of 66/100 and a GF Value™ of 円944.73 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,385 Hardware companies, Daiko Xtech ranks better than 70.99% 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. Daiko Xtech's annualized net income for the quarter that ended in Mar. 2026 was 円2,003 Mil. Daiko Xtech's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円12,687 Mil. Therefore, Daiko Xtech's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.79%.
The historical rank and industry rank for Daiko Xtech's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8023'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.02 Med: 14.88 Max: 53.68
Current: 11.54
During the past 13 years, Daiko Xtech's highest Return-on-Tangible-Equity was 53.68%. The lowest was -6.02%. And the median was 14.88%.
TSE:8023's Return-on-Tangible-Equity is ranked better than 70.99% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TSE:8023: 11.54
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.
Daiko Xtech Return-on-Tangible-Equity Related Terms
Daiko Xtech Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Daiko Xtech'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:8023 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Daiko Xtech'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.
Daiko Xtech Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Daiko Xtech's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Daiko Xtech'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 15.79% mean?
Daiko Xtech (TSE:8023) has a Return-on-Tangible-Equity of 15.79% 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 Daiko Xtech and its competitors. This is near median its historical median of 14.88. According to the industry distribution chart, Daiko Xtech ranks #692 out of 2385 companies in the Hardware industry, placing it in the top 29%.
Is Daiko Xtech's Return-on-Tangible-Equity too high?
Daiko Xtech's current Return-on-Tangible-Equity of 15.79% is near median its 10-year median of 14.88. The Hardware industry median Return-on-Tangible-Equity is 5.32. Daiko Xtech's value of 15.79% is 196.8% above this industry median. Based on the distribution chart, Daiko Xtech ranks #692 out of 2385 companies in the Hardware industry, which is above the industry midpoint. Overall, Daiko Xtech has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiko Xtech's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Daiko Xtech ranks #692 out of 2385 companies for Return-on-Tangible-Equity. This puts Daiko Xtech in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.32. Daiko Xtech's value of 15.79% is 196.8% above this benchmark. While the company's 10-year median is 14.88 vs. the industry median of 5.32, Daiko Xtech 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. Daiko Xtech's current Return-on-Tangible-Equity of 15.79% is 196.8% 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 Daiko Xtech 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. Daiko Xtech's current Return-on-Tangible-Equity is 15.79%, which is near median its own 10-year median of 14.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiko Xtech stock overvalued right now?
Based on GuruFocus' analysis, Daiko Xtech (TSE:8023) is currently considered Fairly Valued. The stock's GF Value™ is 円944.73, compared to a current price of 円989.00 — trading 4.7% above its estimated fair value. The current Return-on-Tangible-Equity is 15.79%, which is near median its 10-year median of 14.88 and 196.8% above the Hardware industry median of 5.32. Daiko Xtech's overall GF Score™ is 66/100 with 2 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 Daiko Xtech (TSE:8023), the current Return-on-Tangible-Equity is 15.79% 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 Daiko Xtech (TSE:8023) Overvalued in 2026?
Based on GuruFocus' analysis, Daiko Xtech stock appears to be overvalued.
The current stock price of 円989.00 is trading 4.7% above its estimated GF Value™ of 円944.73.
GuruFocus considers Daiko Xtech to be Fairly Valued.
Key valuation signals for TSE:8023:
Return-on-Tangible-Equity: 15.79% (near median its 10-year median of 14.88)
GF Value™: 円944.73 vs. price of 円989.00 (4.7% above fair value)
Industry Position: 196.8% above the Hardware median (#692 of 2385)
No single metric tells the full story. See the TSE:8023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiko Xtech Ltd formerly Daiko Denshi Tsushin Ltd s engaged in the sale of information communications equipment and the provision of related services. The principal business activities of the company include system consultancy, sales and maintenances of various types of computers, development and maintenances of software, sales and maintenances of a network, sales of computer-related products and construction of office facility.
66GF Score
Get the complete analysis for TSE:8023
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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