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SPARX Group CoTSE:8739 +0.89%91 Return-on-Tangible-Equity is 20.06% as of Mar. 2026, which is 16% above its 10-year median of 17.34. GuruFocus rates TSE:8739 with a GF Score™ of 91/100 and a GF Value™ of 円1,999.48 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,591 Asset Management companies, SPARX Group Co ranks better than 75.11% 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. SPARX Group Co's annualized net income for the quarter that ended in Mar. 2026 was 円7,644 Mil. SPARX Group Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円38,106 Mil. Therefore, SPARX Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.06%.
The historical rank and industry rank for SPARX Group Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8739'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.54 Med: 17.34 Max: 28.01
Current: 18.01
During the past 13 years, SPARX Group Co's highest Return-on-Tangible-Equity was 28.01%. The lowest was 12.54%. And the median was 17.34%.
TSE:8739's Return-on-Tangible-Equity is ranked better than 75.11% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs TSE:8739: 18.01
SPARX Group Co (TSE:8739) 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.
SPARX Group Co Return-on-Tangible-Equity Related Terms
SPARX Group Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SPARX Group 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:8739 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, SPARX Group 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.
SPARX Group Co Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, SPARX Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SPARX Group 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 (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 20.06% mean?
SPARX Group Co (TSE:8739) has a Return-on-Tangible-Equity of 20.06% 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 SPARX Group Co and its competitors. This is 16% above median its historical median of 17.34. Over the past decade, SPARX Group Co's Return-on-Tangible-Equity has ranged from 12.54 to 28.01. According to the industry distribution chart, SPARX Group Co ranks #396 out of 1591 companies in the Asset Management industry, placing it in the top 24.9%.
Is SPARX Group Co's Return-on-Tangible-Equity too high?
SPARX Group Co's current Return-on-Tangible-Equity of 20.06% is 16% above median its 10-year median of 17.34. Over the past 10 years, this metric has ranged from a low of 12.54 to a high of 28.01. The Asset Management industry median Return-on-Tangible-Equity is 7.21. SPARX Group Co's value of 20.06% is 178.2% above this industry median. Based on the distribution chart, SPARX Group Co ranks #396 out of 1591 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, SPARX Group Co has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPARX Group Co's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, SPARX Group Co ranks #396 out of 1591 companies for Return-on-Tangible-Equity. This places SPARX Group Co in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. SPARX Group Co's value of 20.06% is 178.2% above this benchmark. Historically, SPARX Group Co's own Return-on-Tangible-Equity has ranged from 12.54 to 28.01 over the past decade. While the company's 10-year median is 17.34 vs. the industry median of 7.21, SPARX Group Co 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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. SPARX Group Co's current Return-on-Tangible-Equity of 20.06% is 178.2% 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 SPARX Group Co and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARX Group Co's current Return-on-Tangible-Equity is 20.06%, which is 16% above median its own 10-year median of 17.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARX Group Co stock overvalued right now?
Based on GuruFocus' analysis, SPARX Group Co (TSE:8739) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,999.48, compared to a current price of 円2,276.00 — trading 13.8% above its estimated fair value. The current Return-on-Tangible-Equity is 20.06%, which is 16% above median its 10-year median of 17.34 and 178.2% above the Asset Management industry median of 7.21. SPARX Group Co's overall GF Score™ is 91/100 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 SPARX Group Co (TSE:8739), the current Return-on-Tangible-Equity is 20.06% 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 SPARX Group Co (TSE:8739) Overvalued in 2026?
Based on GuruFocus' analysis, SPARX Group Co stock appears to be overvalued.
The current stock price of 円2,276.00 is trading 13.8% above its estimated GF Value™ of 円1,999.48.
GuruFocus considers SPARX Group Co to be Modestly Overvalued.
Key valuation signals for TSE:8739:
Return-on-Tangible-Equity: 20.06% (16% above median its 10-year median of 17.34)
GF Value™: 円1,999.48 vs. price of 円2,276.00 (13.8% above fair value)
Industry Position: 178.2% above the Asset Management median (#396 of 1591)
No single metric tells the full story. See the TSE:8739 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.
91GF Score
Get the complete analysis for TSE:8739
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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