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MTITSE:9438 +0.16%71 Return-on-Tangible-Equity is 30.93% as of Mar. 2026, which is 238% above its 10-year median of 9.15. GuruFocus rates TSE:9438 with a GF Score™ of 71/100 and a GF Value™ of 円849.04 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 576 Healthcare Providers & Services companies, MTI ranks better than 70.49% 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. MTI's annualized net income for the quarter that ended in Mar. 2026 was 円5,042 Mil. MTI's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円16,305 Mil. Therefore, MTI's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 30.93%.
The historical rank and industry rank for MTI's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9438'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.86 Med: 9.15 Max: 23.37
Current: 22.69
During the past 13 years, MTI's highest Return-on-Tangible-Equity was 23.37%. The lowest was -7.86%. And the median was 9.15%.
TSE:9438's Return-on-Tangible-Equity is ranked better than 70.49% of 576
companies
in the Healthcare Providers & Services industry
Industry Median: 10.17
vs TSE:9438: 22.69
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.
MTI Return-on-Tangible-Equity Related Terms
MTI Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MTI'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:9438 vs VEEV, BTSG, TEM: Return-on-Tangible-Equity Comparison
For the Health Information Services subindustry, MTI'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.
MTI Return-on-Tangible-Equity vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, MTI's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MTI'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 30.93% mean?
MTI (TSE:9438) has a Return-on-Tangible-Equity of 30.93% 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 MTI and its competitors. This is 238% above median its historical median of 9.15. According to the industry distribution chart, MTI ranks #170 out of 576 companies in the Healthcare Providers & Services industry, placing it in the top 29.5%.
Is MTI's Return-on-Tangible-Equity too high?
MTI's current Return-on-Tangible-Equity of 30.93% is 238% above median its 10-year median of 9.15. The Healthcare Providers & Services industry median Return-on-Tangible-Equity is 10.17. MTI's value of 30.93% is 204.1% above this industry median. Based on the distribution chart, MTI ranks #170 out of 576 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, MTI has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MTI's Return-on-Tangible-Equity compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, MTI ranks #170 out of 576 companies for Return-on-Tangible-Equity. This puts MTI in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.17. MTI's value of 30.93% is 204.1% above this benchmark. While the company's 10-year median is 9.15 vs. the industry median of 10.17, MTI 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 Healthcare Providers & Services company?
The median Return-on-Tangible-Equity among Healthcare Providers & Services companies is 10.17, based on 576 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. MTI's current Return-on-Tangible-Equity of 30.93% is 204.1% 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 MTI and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Equity is 10.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTI's current Return-on-Tangible-Equity is 30.93%, which is 238% above median its own 10-year median of 9.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTI stock overvalued right now?
Based on GuruFocus' analysis, MTI (TSE:9438) is currently considered Modestly Undervalued. The stock's GF Value™ is 円849.04, compared to a current price of 円611.00 — trading 28% below its estimated fair value. The current Return-on-Tangible-Equity is 30.93%, which is 238% above median its 10-year median of 9.15 and 204.1% above the Healthcare Providers & Services industry median of 10.17. MTI's overall GF Score™ is 71/100 with 1 warning sign 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 MTI (TSE:9438), the current Return-on-Tangible-Equity is 30.93% 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 MTI (TSE:9438) Overvalued in 2026?
Based on GuruFocus' analysis, MTI stock appears to be undervalued.
The current stock price of 円611.00 is trading 28% below its estimated GF Value™ of 円849.04.
GuruFocus considers MTI to be Modestly Undervalued.
Key valuation signals for TSE:9438:
Return-on-Tangible-Equity: 30.93% (238% above median its 10-year median of 9.15)
GF Value™: 円849.04 vs. price of 円611.00 (28% below fair value)
Industry Position: 204.1% above the Healthcare Providers & Services median (#170 of 576)
No single metric tells the full story. See the TSE:9438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTI Ltd is engaged in the content distribution business for mobile phones in Japan. The company provides health care services through Lunaruna app, Lunaruna baby, and Lunaruna medicine notebook. It is involved in providing music/video services, electronic book services, life information services, and entertainment services.
71GF Score
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