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.
PHYZ HoldingsTSE:9325 +0.09%91 Return-on-Tangible-Equity is 37.09% as of Mar. 2026, which is 33% above its 10-year median of 27.93. GuruFocus rates TSE:9325 with a GF Score™ of 91/100 and a GF Value™ of 円1,568.09 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,009 Business Services companies, PHYZ Holdings ranks better than 75.12% 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. PHYZ Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円1,441 Mil. PHYZ Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円3,886 Mil. Therefore, PHYZ Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 37.09%.
The historical rank and industry rank for PHYZ Holdings's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9325'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.95 Med: 27.93 Max: 44.51
Current: 27.15
During the past 12 years, PHYZ Holdings's highest Return-on-Tangible-Equity was 44.51%. The lowest was 12.95%. And the median was 27.93%.
TSE:9325's Return-on-Tangible-Equity is ranked better than 75.12% of 1009
companies
in the Business Services industry
Industry Median: 10.69
vs TSE:9325: 27.15
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.
PHYZ Holdings Return-on-Tangible-Equity Related Terms
PHYZ Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PHYZ Holdings'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:9325 vs CTAS, CPRT, ULS: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, PHYZ Holdings'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.
PHYZ Holdings Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, PHYZ Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PHYZ Holdings'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 37.09% mean?
PHYZ Holdings (TSE:9325) has a Return-on-Tangible-Equity of 37.09% 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 PHYZ Holdings and its competitors. This is 33% above median its historical median of 27.93. Over the past decade, PHYZ Holdings' Return-on-Tangible-Equity has ranged from 12.95 to 44.51. According to the industry distribution chart, PHYZ Holdings ranks #251 out of 1009 companies in the Business Services industry, placing it in the top 24.9%.
Is PHYZ Holdings' Return-on-Tangible-Equity too high?
PHYZ Holdings' current Return-on-Tangible-Equity of 37.09% is 33% above median its 10-year median of 27.93. Over the past 10 years, this metric has ranged from a low of 12.95 to a high of 44.51. The Business Services industry median Return-on-Tangible-Equity is 10.69. PHYZ Holdings' value of 37.09% is 247% above this industry median. Based on the distribution chart, PHYZ Holdings ranks #251 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, PHYZ Holdings has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PHYZ Holdings' Return-on-Tangible-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PHYZ Holdings ranks #251 out of 1009 companies for Return-on-Tangible-Equity. This places PHYZ Holdings in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.69. PHYZ Holdings' value of 37.09% is 247% above this benchmark. Historically, PHYZ Holdings' own Return-on-Tangible-Equity has ranged from 12.95 to 44.51 over the past decade. While the company's 10-year median is 27.93 vs. the industry median of 10.69, PHYZ Holdings 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.69, based on 1,009 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. PHYZ Holdings's current Return-on-Tangible-Equity of 37.09% is 247% 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 PHYZ Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PHYZ Holdings's current Return-on-Tangible-Equity is 37.09%, which is 33% above median its own 10-year median of 27.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PHYZ Holdings stock overvalued right now?
Based on GuruFocus' analysis, PHYZ Holdings (TSE:9325) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,568.09, compared to a current price of 円1,111.00 — trading 29.1% below its estimated fair value. The current Return-on-Tangible-Equity is 37.09%, which is 33% above median its 10-year median of 27.93 and 247% above the Business Services industry median of 10.69. PHYZ Holdings' overall GF Score™ is 91/100 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 PHYZ Holdings (TSE:9325), the current Return-on-Tangible-Equity is 37.09% 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 PHYZ Holdings (TSE:9325) Overvalued in 2026?
Based on GuruFocus' analysis, PHYZ Holdings stock appears to be undervalued.
The current stock price of 円1,111.00 is trading 29.1% below its estimated GF Value™ of 円1,568.09.
GuruFocus considers PHYZ Holdings to be Modestly Undervalued.
Key valuation signals for TSE:9325:
Return-on-Tangible-Equity: 37.09% (33% above median its 10-year median of 27.93)
GF Value™: 円1,568.09 vs. price of 円1,111.00 (29.1% below fair value)
Industry Position: 247% above the Business Services median (#251 of 1009)
No single metric tells the full story. See the TSE:9325 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PHYZ Holdings Inc provides total warehousing management activities including packing and delivering at the distribution center conducted by the EC company. Its services include Operation service, Logistics service, Delivery service, and Recruitment among others.
91GF Score
Get the complete analysis for TSE:9325
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:9325 has been successfully added to your 
