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Fuluhashi EpoTSE:9221 -0.08%67 Return-on-Tangible-Equity is 17.58% as of Mar. 2026, which is 17% below its 10-year median of 21.07. GuruFocus rates TSE:9221 with a GF Score™ of 67/100 and a GF Value™ of 円1,149.08 (Fairly Valued). The stock has 4 warning signs investors should review. Among 225 Waste Management companies, Fuluhashi Epo ranks better than 64% 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. Fuluhashi Epo's annualized net income for the quarter that ended in Mar. 2026 was 円1,045 Mil. Fuluhashi Epo's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円5,942 Mil. Therefore, Fuluhashi Epo's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.58%.
The historical rank and industry rank for Fuluhashi Epo's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9221'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.28 Med: 21.07 Max: 30.79
Current: 15.36
During the past 7 years, Fuluhashi Epo's highest Return-on-Tangible-Equity was 30.79%. The lowest was 5.28%. And the median was 21.07%.
TSE:9221's Return-on-Tangible-Equity is ranked better than 64% of 225
companies
in the Waste Management industry
Industry Median: 9.67
vs TSE:9221: 15.36
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.
Fuluhashi Epo Return-on-Tangible-Equity Related Terms
Fuluhashi Epo Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Fuluhashi Epo'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:9221 vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Fuluhashi Epo'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.
Fuluhashi Epo Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Fuluhashi Epo's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fuluhashi Epo'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 17.58% mean?
Fuluhashi Epo (TSE:9221) has a Return-on-Tangible-Equity of 17.58% 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 Fuluhashi Epo and its competitors. This is 17% below median its historical median of 21.07. Over the past decade, Fuluhashi Epo's Return-on-Tangible-Equity has ranged from 5.28 to 30.79. According to the industry distribution chart, Fuluhashi Epo ranks #81 out of 225 companies in the Waste Management industry, placing it in the top 36%.
Is Fuluhashi Epo's Return-on-Tangible-Equity too high?
Fuluhashi Epo's current Return-on-Tangible-Equity of 17.58% is 17% below median its 10-year median of 21.07. Over the past 10 years, this metric has ranged from a low of 5.28 to a high of 30.79. The Waste Management industry median Return-on-Tangible-Equity is 9.67. Fuluhashi Epo's value of 17.58% is 81.8% above this industry median. Based on the distribution chart, Fuluhashi Epo ranks #81 out of 225 companies in the Waste Management industry, which is above the industry midpoint. Overall, Fuluhashi Epo has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fuluhashi Epo's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Fuluhashi Epo ranks #81 out of 225 companies for Return-on-Tangible-Equity. This puts Fuluhashi Epo in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.67. Fuluhashi Epo's value of 17.58% is 81.8% above this benchmark. Historically, Fuluhashi Epo's own Return-on-Tangible-Equity has ranged from 5.28 to 30.79 over the past decade. While the company's 10-year median is 21.07 vs. the industry median of 9.67, Fuluhashi Epo 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.67, based on 225 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. Fuluhashi Epo's current Return-on-Tangible-Equity of 17.58% is 81.8% 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 Fuluhashi Epo and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuluhashi Epo's current Return-on-Tangible-Equity is 17.58%, which is 17% below median its own 10-year median of 21.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuluhashi Epo stock overvalued right now?
Based on GuruFocus' analysis, Fuluhashi Epo (TSE:9221) is currently considered Fairly Valued. The stock's GF Value™ is 円1,149.08, compared to a current price of 円1,256.00 — trading 9.3% above its estimated fair value. The current Return-on-Tangible-Equity is 17.58%, which is 17% below median its 10-year median of 21.07 and 81.8% above the Waste Management industry median of 9.67. Fuluhashi Epo's overall GF Score™ is 67/100 with 4 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 Fuluhashi Epo (TSE:9221), the current Return-on-Tangible-Equity is 17.58% 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 Fuluhashi Epo (TSE:9221) Overvalued in 2026?
Based on GuruFocus' analysis, Fuluhashi Epo stock appears to be overvalued.
The current stock price of 円1,256.00 is trading 9.3% above its estimated GF Value™ of 円1,149.08.
GuruFocus considers Fuluhashi Epo to be Fairly Valued.
Key valuation signals for TSE:9221:
Return-on-Tangible-Equity: 17.58% (17% below median its 10-year median of 21.07)
GF Value™: 円1,149.08 vs. price of 円1,256.00 (9.3% above fair value)
Industry Position: 81.8% above the Waste Management median (#81 of 225)
No single metric tells the full story. See the TSE:9221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuluhashi Epo Corp provides environmental solutions, such as recycling wood waste, selling recycled wood chips as fuel or raw material products, and recycling construction by-products generated at construction sites. In addition, it is involved in manufacturing and selling logistics equipment that takes into consideration the entire process from collection to recycling, and purchasing and selling used logistics equipment. The group's reportable segments are the biomaterials business and the resource recycling business. The majority of its revenue is generated from the biomaterials business, which is engaged in the contract processing of wood waste materials and the manufacture and sale of wood resource chips (raw material chips and fuel chips).
67GF Score
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