Caster Co (TSE:9331) Return-on-Tangible-Equity: -12.48% (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:9331 Caster Co Ltd TSE:9331
28 GF Score
Price 円744.00
GF Value 円1,053.85
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Caster Co Return-on-Tangible-Equity?

Caster Co TSE:9331 +0.54% 28 Return-on-Tangible-Equity is -12.48% as of Feb. 2026. GuruFocus rates TSE:9331 with a GF Score™ of 28/100 and a GF Value™ of 円1,053.85 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,005 Business Services companies, Caster Co ranks worse than 93.63% 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. Caster Co's annualized net income for the quarter that ended in Feb. 2026 was 円-45 Mil. Caster Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円363 Mil. Therefore, Caster Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was -12.48%.

The historical rank and industry rank for Caster Co's Return-on-Tangible-Equity or its related term are showing as below:

TSE:9331' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -96.1   Med: -24.75   Max: 2.86
Current: -34.27

During the past 5 years, Caster Co's highest Return-on-Tangible-Equity was 2.86%. The lowest was -96.10%. And the median was -24.75%.

TSE:9331's Return-on-Tangible-Equity is ranked worse than
93.63% of 1005 companies
in the Business Services industry
Industry Median: 10.71 vs TSE:9331: -34.27

Caster Co  (TSE:9331) 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.


Caster Co Return-on-Tangible-Equity Related Terms


Caster Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Caster 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.

Caster Co Return-on-Tangible-Equity Chart

Caster Co Annual Data
Trend Aug21 Aug22 Aug23 Aug24 Aug25
Return-on-Tangible-Equity
-96.10 -21.39 2.86 -24.75 -71.06

Caster Co Semi-Annual Data
Aug21 Aug22 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Return-on-Tangible-Equity Get a 7-Day Free Trial -2.40 -40.24 -93.61 -53.42 -12.48

TSE:9331 vs KFY, RHI, TNET: Return-on-Tangible-Equity Comparison

For the Staffing & Employment Services subindustry, Caster 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.


Caster Co Return-on-Tangible-Equity vs Business Services Industry

For the Business Services industry and Industrials sector, Caster Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Caster Co's Return-on-Tangible-Equity falls into.


TSE:9331
28GF Score
Caster Co Ltd TSE:9331
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caster Co Return-on-Tangible-Equity Calculation

Caster Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=-393.26/( (724.147+382.668 )/ 2 )
=-393.26/553.4075
=-71.06 %

Caster Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=-45.244/( (382.668+342.373)/ 2 )
=-45.244/362.5205
=-12.48 %

* 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 (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 -12.48% mean?
Caster Co (TSE:9331) has a Return-on-Tangible-Equity of -12.48% 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 Caster Co and its competitors. According to the industry distribution chart, Caster Co ranks #941 out of 1005 companies in the Business Services industry, placing it in the top 93.6%.
Is Caster Co's Return-on-Tangible-Equity too high?
Caster Co's current Return-on-Tangible-Equity is -12.48%. Based on the distribution chart, Caster Co ranks #941 out of 1005 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Caster Co has a GF Score™ of 28/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caster Co's Return-on-Tangible-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, Caster Co ranks #941 out of 1005 companies for Return-on-Tangible-Equity. This places Caster Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.71. 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 10.71, based on 1,005 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. 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 Caster Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caster Co's current Return-on-Tangible-Equity is -12.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caster Co stock overvalued right now?
Based on GuruFocus' analysis, Caster Co (TSE:9331) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,053.85, compared to a current price of 円744.00 — trading 29.4% below its estimated fair value. The current Return-on-Tangible-Equity is -12.48%. Caster Co's overall GF Score™ is 28/100 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 Caster Co (TSE:9331), the current Return-on-Tangible-Equity is -12.48% 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 Caster Co (TSE:9331) Overvalued in 2026?

Based on GuruFocus' analysis, Caster Co stock appears to be undervalued. The current stock price of 円744.00 is trading 29.4% below its estimated GF Value™ of 円1,053.85. GuruFocus considers Caster Co to be Modestly Undervalued.

Key valuation signals for TSE:9331:

  • Return-on-Tangible-Equity: -12.48%
  • GF Value™: 円1,053.85 vs. price of 円744.00 (29.4% below fair value)
  • GF Score™: 28/100 with 2 warning signs

No single metric tells the full story. See the TSE:9331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Caster Co Business Description

Address 1-5-1 Otemachi, Otemachi First Square West Tower 1st & 2nd Floor, Caster Square Tokyo, Chiyoda-ku, LIFORK Otemachi, Tokyo, JPN
Caster Co Ltd is engaged in business operations and operates two businesses: the BPaaS Business, which utilizes the resources of remote workers to act on behalf of and support companies' back-office operations, and the Other Business, which provides staffing and placement services, develops and provides business efficiency tools for e-commerce companies, and develops and operates products and services using generative AI.
28GF Score

Get the complete analysis for TSE:9331

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円744.00
Price
円1,053.85
GF Value