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Forval TelecomTSE:9445 +1.51%71 Return-on-Tangible-Equity is 31.83% as of Mar. 2026, which is 7% below its 10-year median of 34.09. GuruFocus rates TSE:9445 with a GF Score™ of 71/100 and a GF Value™ of 円456.77 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 326 Telecommunication Services companies, Forval Telecom ranks better than 68.71% 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. Forval Telecom's annualized net income for the quarter that ended in Mar. 2026 was 円884 Mil. Forval Telecom's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円2,778 Mil. Therefore, Forval Telecom's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 31.83%.
The historical rank and industry rank for Forval Telecom's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9445'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -72.58 Med: 34.09 Max: 75.6
Current: 38.04
During the past 13 years, Forval Telecom's highest Return-on-Tangible-Equity was 75.60%. The lowest was -72.58%. And the median was 34.09%.
TSE:9445's Return-on-Tangible-Equity is ranked better than 68.71% of 326
companies
in the Telecommunication Services industry
Industry Median: 14.66
vs TSE:9445: 38.04
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.
Forval Telecom Return-on-Tangible-Equity Related Terms
Forval Telecom Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Forval Telecom'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:9445 vs VZ, TMUS, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Forval Telecom'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.
Forval Telecom Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Forval Telecom's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Forval Telecom'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 31.83% mean?
Forval Telecom (TSE:9445) has a Return-on-Tangible-Equity of 31.83% 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 Forval Telecom and its competitors. This is near median its historical median of 34.09. According to the industry distribution chart, Forval Telecom ranks #102 out of 326 companies in the Telecommunication Services industry, placing it in the top 31.3%.
Is Forval Telecom's Return-on-Tangible-Equity too high?
Forval Telecom's current Return-on-Tangible-Equity of 31.83% is near median its 10-year median of 34.09. The Telecommunication Services industry median Return-on-Tangible-Equity is 14.66. Forval Telecom's value of 31.83% is 117.1% above this industry median. Based on the distribution chart, Forval Telecom ranks #102 out of 326 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Forval Telecom has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forval Telecom's Return-on-Tangible-Equity compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Forval Telecom ranks #102 out of 326 companies for Return-on-Tangible-Equity. This puts Forval Telecom in the upper half of its industry. The industry median Return-on-Tangible-Equity is 14.66. Forval Telecom's value of 31.83% is 117.1% above this benchmark. While the company's 10-year median is 34.09 vs. the industry median of 14.66, Forval Telecom 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 Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 14.66, based on 326 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. Forval Telecom's current Return-on-Tangible-Equity of 31.83% is 117.1% 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 Forval Telecom and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval Telecom's current Return-on-Tangible-Equity is 31.83%, which is near median its own 10-year median of 34.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval Telecom stock overvalued right now?
Based on GuruFocus' analysis, Forval Telecom (TSE:9445) is currently considered Modestly Overvalued. The stock's GF Value™ is 円456.77, compared to a current price of 円539.00 — trading 18% above its estimated fair value. The current Return-on-Tangible-Equity is 31.83%, which is near median its 10-year median of 34.09 and 117.1% above the Telecommunication Services industry median of 14.66. Forval Telecom's overall GF Score™ is 71/100 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 Forval Telecom (TSE:9445), the current Return-on-Tangible-Equity is 31.83% 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 Forval Telecom (TSE:9445) Overvalued in 2026?
Based on GuruFocus' analysis, Forval Telecom stock appears to be overvalued.
The current stock price of 円539.00 is trading 18% above its estimated GF Value™ of 円456.77.
GuruFocus considers Forval Telecom to be Modestly Overvalued.
Key valuation signals for TSE:9445:
Return-on-Tangible-Equity: 31.83% (near median its 10-year median of 34.09)
GF Value™: 円456.77 vs. price of 円539.00 (18% above fair value)
Industry Position: 117.1% above the Telecommunication Services median (#102 of 326)
No single metric tells the full story. See the TSE:9445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forval Telecom Inc provides telecommunications communication services and management consulting services in Japan. It provides discount international and domestic telephone and cellular phone services for the business and private sectors. It is also involved in the security certification acquisition consulting business.
71GF Score
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