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.
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.
HEIWADO CoTSE:8276 -1.27%79 Return-on-Tangible-Equity is 7.66% as of Feb. 2026, which is 26% above its 10-year median of 6.10. GuruFocus rates TSE:8276 with a GF Score™ of 79/100 and a GF Value™ of 円2,758.86 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,064 Retail - Cyclical companies, HEIWADO Co ranks worse than 61.65% 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. HEIWADO Co's annualized net income for the quarter that ended in Feb. 2026 was 円14,024 Mil. HEIWADO Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円183,140 Mil. Therefore, HEIWADO Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 7.66%.
The historical rank and industry rank for HEIWADO Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8276'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.92 Med: 6.1 Max: 7.4
Current: 4.62
During the past 13 years, HEIWADO Co's highest Return-on-Tangible-Equity was 7.40%. The lowest was 3.92%. And the median was 6.10%.
TSE:8276's Return-on-Tangible-Equity is ranked worse than 61.65% of 1064
companies
in the Retail - Cyclical industry
Industry Median: 8.47
vs TSE:8276: 4.62
HEIWADO Co (TSE:8276) 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.
HEIWADO Co Return-on-Tangible-Equity Related Terms
HEIWADO Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for HEIWADO 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.
TSE:8276 vs DDS: Return-on-Tangible-Equity Comparison
For the Department Stores subindustry, HEIWADO 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.
HEIWADO Co Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, HEIWADO Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where HEIWADO 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.66% mean?
HEIWADO Co (TSE:8276) has a Return-on-Tangible-Equity of 7.66% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on HEIWADO Co and its competitors. This is 26% above median its historical median of 6.10. Over the past decade, HEIWADO Co's Return-on-Tangible-Equity has ranged from 3.92 to 7.40. According to the industry distribution chart, HEIWADO Co ranks #656 out of 1064 companies in the Retail - Cyclical industry, placing it in the top 61.7%.
Is HEIWADO Co's Return-on-Tangible-Equity too high?
HEIWADO Co's current Return-on-Tangible-Equity of 7.66% is 26% above median its 10-year median of 6.10. Over the past 10 years, this metric has ranged from a low of 3.92 to a high of 7.40. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.47. HEIWADO Co's value of 7.66% is 9.6% below this industry median. Based on the distribution chart, HEIWADO Co ranks #656 out of 1064 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, HEIWADO Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HEIWADO Co's Return-on-Tangible-Equity compare to DDS?
According to the Retail - Cyclical industry distribution chart, HEIWADO Co ranks #656 out of 1064 companies for Return-on-Tangible-Equity. This places HEIWADO Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.47. HEIWADO Co's value of 7.66% is 9.6% below this benchmark. Historically, HEIWADO Co's own Return-on-Tangible-Equity has ranged from 3.92 to 7.40 over the past decade. While the company's 10-year median is 6.10 vs. the industry median of 8.47, HEIWADO Co has consistently been below 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.47, based on 1,064 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. HEIWADO Co's current Return-on-Tangible-Equity of 7.66% is 9.6% below 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 HEIWADO Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEIWADO Co's current Return-on-Tangible-Equity is 7.66%, which is 26% above median its own 10-year median of 6.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HEIWADO Co stock overvalued right now?
Based on GuruFocus' analysis, HEIWADO Co (TSE:8276) is currently considered Fairly Valued. The stock's GF Value™ is 円2,758.86, compared to a current price of 円2,558.00 — trading 7.3% below its estimated fair value. The current Return-on-Tangible-Equity is 7.66%, which is 26% above median its 10-year median of 6.10 and 9.6% below the Retail - Cyclical industry median of 8.47. HEIWADO Co's overall GF Score™ is 79/100 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 HEIWADO Co (TSE:8276), the current Return-on-Tangible-Equity is 7.66% as of Feb. 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 HEIWADO Co (TSE:8276) Overvalued in 2026?
Based on GuruFocus' analysis, HEIWADO Co stock appears to be undervalued.
The current stock price of 円2,558.00 is trading 7.3% below its estimated GF Value™ of 円2,758.86.
GuruFocus considers HEIWADO Co to be Fairly Valued.
Key valuation signals for TSE:8276:
Return-on-Tangible-Equity: 7.66% (26% above median its 10-year median of 6.10)
GF Value™: 円2,758.86 vs. price of 円2,558.00 (7.3% below fair value)
Industry Position: 9.6% below the Retail - Cyclical median (#656 of 1064)
No single metric tells the full story. See the TSE:8276 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HEIWADO Co Ltd is a Japan-based company that is mainly engaged in the retail business. The company's stores offer a broad range of merchandise, including foods, apparel, housing-related goods, etc. The company also operates restaurant businesses, sales of books, CDs and DVDs, rental shops of CDs and DVDs, and others. The majority of the company's stores are located in Japan, with around half of them being located in the Shiga Prefecture, and the rest in other areas of Japan. The company also operates several department stores in Hunan province, China.
79GF Score
Get the complete analysis for TSE:8276
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8276 has been successfully added to your 
