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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. TV Tokyo Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円-1,068 Mil. TV Tokyo Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円101,007 Mil. Therefore, TV Tokyo Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.06%.
The historical rank and industry rank for TV Tokyo Holdings's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9413'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.13 Med: 6.7 Max: 7.9
Current: 7.83
During the past 13 years, TV Tokyo Holdings's highest Return-on-Tangible-Equity was 7.90%. The lowest was 3.13%. And the median was 6.70%.
TSE:9413's Return-on-Tangible-Equity is ranked better than 56.71% of 864
companies
in the Media - Diversified industry
Industry Median: 5.44
vs TSE:9413: 7.83
TV Tokyo Holdings (TSE:9413) 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.
TV Tokyo Holdings Return-on-Tangible-Equity Related Terms
TV Tokyo Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TV Tokyo 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:9413 vs NXST: Return-on-Tangible-Equity Comparison
For the Broadcasting subindustry, TV Tokyo 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.
TV Tokyo Holdings Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TV Tokyo Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TV Tokyo 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 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 -1.06% mean?
TV Tokyo Holdings (TSE:9413) has a Return-on-Tangible-Equity of -1.06% 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 TV Tokyo Holdings and its competitors. Over the past decade, TV Tokyo Holdings' Return-on-Tangible-Equity has ranged from 3.13 to 7.90. According to the industry distribution chart, TV Tokyo Holdings ranks #374 out of 864 companies in the Media - Diversified industry, placing it in the top 43.3%.
Is TV Tokyo Holdings' Return-on-Tangible-Equity too high?
TV Tokyo Holdings' current Return-on-Tangible-Equity is -1.06%. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 7.90. Based on the distribution chart, TV Tokyo Holdings ranks #374 out of 864 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, TV Tokyo Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TV Tokyo Holdings' Return-on-Tangible-Equity compare to NXST?
According to the Media - Diversified industry distribution chart, TV Tokyo Holdings ranks #374 out of 864 companies for Return-on-Tangible-Equity. This puts TV Tokyo Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.44. Historically, TV Tokyo Holdings' own Return-on-Tangible-Equity has ranged from 3.13 to 7.90 over the past decade. 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.44, based on 864 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 TV Tokyo Holdings and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TV Tokyo Holdings's current Return-on-Tangible-Equity is -1.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TV Tokyo Holdings stock overvalued right now?
Based on GuruFocus' analysis, TV Tokyo Holdings (TSE:9413) is currently considered Fairly Valued. The stock's GF Value™ is 円3,850.46, compared to a current price of 円3,640.00 — trading 5.5% below its estimated fair value. The current Return-on-Tangible-Equity is -1.06%. TV Tokyo Holdings' overall GF Score™ is 76/100. 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 TV Tokyo Holdings (TSE:9413), the current Return-on-Tangible-Equity is -1.06% 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 TV Tokyo Holdings (TSE:9413) Overvalued in 2026?
Based on GuruFocus' analysis, TV Tokyo Holdings stock appears to be undervalued.
The current stock price of 円3,640.00 is trading 5.5% below its estimated GF Value™ of 円3,850.46.
GuruFocus considers TV Tokyo Holdings to be Fairly Valued.
Key valuation signals for TSE:9413:
Return-on-Tangible-Equity: -1.06%
GF Value™: 円3,850.46 vs. price of 円3,640.00 (5.5% below fair value)
No single metric tells the full story. See the TSE:9413 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.
76GF Score
Get the complete analysis for TSE:9413
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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