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Aoyama Zaisan Networks CoTSE:8929 -0.23%87 Return-on-Tangible-Equity is 16.45% as of Dec. 2025, which is 31% below its 10-year median of 23.99. GuruFocus rates TSE:8929 with a GF Score™ of 87/100 and a GF Value™ of 円1,430.25 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,719 Real Estate companies, Aoyama Zaisan Networks Co ranks better than 95.23% 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. Aoyama Zaisan Networks Co's annualized net income for the quarter that ended in Dec. 2025 was 円1,356 Mil. Aoyama Zaisan Networks Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円8,246 Mil. Therefore, Aoyama Zaisan Networks Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 16.45%.
The historical rank and industry rank for Aoyama Zaisan Networks Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8929'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.3 Med: 23.99 Max: 39.71
Current: 38.04
During the past 13 years, Aoyama Zaisan Networks Co's highest Return-on-Tangible-Equity was 39.71%. The lowest was 13.30%. And the median was 23.99%.
TSE:8929's Return-on-Tangible-Equity is ranked better than 95.23% of 1719
companies
in the Real Estate industry
Industry Median: 4.27
vs TSE:8929: 38.04
Aoyama Zaisan Networks Co (TSE:8929) 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.
Aoyama Zaisan Networks Co Return-on-Tangible-Equity Related Terms
Aoyama Zaisan Networks Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aoyama Zaisan Networks 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.
Aoyama Zaisan Networks Co Return-on-Tangible-Equity Chart
TSE:8929 vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, Aoyama Zaisan Networks 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.
Aoyama Zaisan Networks Co Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Aoyama Zaisan Networks Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aoyama Zaisan Networks 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.45% mean?
Aoyama Zaisan Networks Co (TSE:8929) has a Return-on-Tangible-Equity of 16.45% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aoyama Zaisan Networks Co and its competitors. This is 31% below median its historical median of 23.99. Over the past decade, Aoyama Zaisan Networks Co's Return-on-Tangible-Equity has ranged from 13.30 to 39.71. According to the industry distribution chart, Aoyama Zaisan Networks Co ranks #82 out of 1719 companies in the Real Estate industry, placing it in the top 4.8%.
Is Aoyama Zaisan Networks Co's Return-on-Tangible-Equity too high?
Aoyama Zaisan Networks Co's current Return-on-Tangible-Equity of 16.45% is 31% below median its 10-year median of 23.99. Over the past 10 years, this metric has ranged from a low of 13.30 to a high of 39.71. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Aoyama Zaisan Networks Co's value of 16.45% is 285.2% above this industry median. Based on the distribution chart, Aoyama Zaisan Networks Co ranks #82 out of 1719 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Aoyama Zaisan Networks Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aoyama Zaisan Networks Co's Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Aoyama Zaisan Networks Co ranks #82 out of 1719 companies for Return-on-Tangible-Equity. This places Aoyama Zaisan Networks Co in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.27. Aoyama Zaisan Networks Co's value of 16.45% is 285.2% above this benchmark. Historically, Aoyama Zaisan Networks Co's own Return-on-Tangible-Equity has ranged from 13.30 to 39.71 over the past decade. While the company's 10-year median is 23.99 vs. the industry median of 4.27, Aoyama Zaisan Networks 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 a Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,719 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. Aoyama Zaisan Networks Co's current Return-on-Tangible-Equity of 16.45% is 285.2% 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 Aoyama Zaisan Networks Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aoyama Zaisan Networks Co's current Return-on-Tangible-Equity is 16.45%, which is 31% below median its own 10-year median of 23.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aoyama Zaisan Networks Co stock overvalued right now?
Based on GuruFocus' analysis, Aoyama Zaisan Networks Co (TSE:8929) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,430.25, compared to a current price of 円1,289.00 — trading 9.9% below its estimated fair value. The current Return-on-Tangible-Equity is 16.45%, which is 31% below median its 10-year median of 23.99 and 285.2% above the Real Estate industry median of 4.27. Aoyama Zaisan Networks Co's overall GF Score™ is 87/100 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 Aoyama Zaisan Networks Co (TSE:8929), the current Return-on-Tangible-Equity is 16.45% as of Dec. 2025. 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 Aoyama Zaisan Networks Co (TSE:8929) Overvalued in 2026?
Based on GuruFocus' analysis, Aoyama Zaisan Networks Co stock appears to be undervalued.
The current stock price of 円1,289.00 is trading 9.9% below its estimated GF Value™ of 円1,430.25.
GuruFocus considers Aoyama Zaisan Networks Co to be Modestly Undervalued.
Key valuation signals for TSE:8929:
Return-on-Tangible-Equity: 16.45% (31% below median its 10-year median of 23.99)
GF Value™: 円1,430.25 vs. price of 円1,289.00 (9.9% below fair value)
Industry Position: 285.2% above the Real Estate median (#82 of 1719)
No single metric tells the full story. See the TSE:8929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aoyama Zaisan Networks Co Ltd is engaged in the provision of consulting services of asset transferring, maintenance and operation, among others. It is also engaged in corporate finance consulting and real estate solutions consulting in Japan.
87GF Score
Get the complete analysis for TSE:8929
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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