SE Holdings andubations Co (TSE:9478) Return-on-Tangible-Equity: 8.82% (As of Mar. 2026) — 12% Above Median

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:9478 SE Holdings and Incubations Co Ltd TSE:9478
76 GF Score
Price 円511.00
GF Value 円348.47
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is SE Holdings andubations Co Return-on-Tangible-Equity?

SE Holdings andubations Co TSE:9478 -0.39% 76 Return-on-Tangible-Equity is 8.82% as of Mar. 2026, which is 12% above its 10-year median of 7.86. GuruFocus rates TSE:9478 with a GF Score™ of 76/100 and a GF Value™ of 円348.47 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 865 Media - Diversified companies, SE Holdings andubations Co ranks better than 54.1% 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. SE Holdings andubations Co's annualized net income for the quarter that ended in Mar. 2026 was 円972 Mil. SE Holdings andubations Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円11,025 Mil. Therefore, SE Holdings andubations Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.82%.

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

TSE:9478' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.05   Med: 7.86   Max: 15.27
Current: 6.63

During the past 13 years, SE Holdings andubations Co's highest Return-on-Tangible-Equity was 15.27%. The lowest was 2.05%. And the median was 7.86%.

TSE:9478's Return-on-Tangible-Equity is ranked better than
54.1% of 865 companies
in the Media - Diversified industry
Industry Median: 5.18 vs TSE:9478: 6.63

SE Holdings andubations Co  (TSE:9478) 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.


SE Holdings andubations Co Return-on-Tangible-Equity Related Terms


SE Holdings andubations Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for SE Holdings andubations 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.

SE Holdings andubations Co Return-on-Tangible-Equity Chart

SE Holdings andubations Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.27 14.47 9.45 6.08 6.27

SE Holdings andubations Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.22 4.41 7.21 8.82 5.82

TSE:9478 vs NYT, WLY: Return-on-Tangible-Equity Comparison

For the Publishing subindustry, SE Holdings andubations 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.


SE Holdings andubations Co Return-on-Tangible-Equity vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SE Holdings andubations Co's Return-on-Tangible-Equity distribution charts can be found below:

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


TSE:9478
76GF Score
SE Holdings and Incubations Co Ltd TSE:9478
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SE Holdings andubations Co Return-on-Tangible-Equity Calculation

SE Holdings andubations Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=633/( (8994+11203 )/ 2 )
=633/10098.5
=6.27 %

SE Holdings andubations Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=972/( (10847+11203)/ 2 )
=972/11025
=8.82 %

* 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 8.82% mean?
SE Holdings andubations Co (TSE:9478) has a Return-on-Tangible-Equity of 8.82% 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 SE Holdings andubations Co and its competitors. This is 12% above median its historical median of 7.86. Over the past decade, SE Holdings andubations Co's Return-on-Tangible-Equity has ranged from 2.05 to 15.27. According to the industry distribution chart, SE Holdings andubations Co ranks #397 out of 865 companies in the Media - Diversified industry, placing it in the top 45.9%.
Is SE Holdings andubations Co's Return-on-Tangible-Equity too high?
SE Holdings andubations Co's current Return-on-Tangible-Equity of 8.82% is 12% above median its 10-year median of 7.86. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 15.27. The Media - Diversified industry median Return-on-Tangible-Equity is 5.18. SE Holdings andubations Co's value of 8.82% is 70.3% above this industry median. Based on the distribution chart, SE Holdings andubations Co ranks #397 out of 865 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, SE Holdings andubations Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SE Holdings andubations Co's Return-on-Tangible-Equity compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, SE Holdings andubations Co ranks #397 out of 865 companies for Return-on-Tangible-Equity. This puts SE Holdings andubations Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.18. SE Holdings andubations Co's value of 8.82% is 70.3% above this benchmark. Historically, SE Holdings andubations Co's own Return-on-Tangible-Equity has ranged from 2.05 to 15.27 over the past decade. While the company's 10-year median is 7.86 vs. the industry median of 5.18, SE Holdings andubations Co 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.18, based on 865 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. SE Holdings andubations Co's current Return-on-Tangible-Equity of 8.82% is 70.3% 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 SE Holdings andubations Co and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SE Holdings andubations Co's current Return-on-Tangible-Equity is 8.82%, which is 12% above median its own 10-year median of 7.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SE Holdings andubations Co stock overvalued right now?
Based on GuruFocus' analysis, SE Holdings andubations Co (TSE:9478) is currently considered Significantly Overvalued. The stock's GF Value™ is 円348.47, compared to a current price of 円511.00 — trading 46.6% above its estimated fair value. The current Return-on-Tangible-Equity is 8.82%, which is 12% above median its 10-year median of 7.86 and 70.3% above the Media - Diversified industry median of 5.18. SE Holdings andubations Co's overall GF Score™ is 76/100 with 5 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 SE Holdings andubations Co (TSE:9478), the current Return-on-Tangible-Equity is 8.82% 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 SE Holdings andubations Co (TSE:9478) Overvalued in 2026?

Based on GuruFocus' analysis, SE Holdings andubations Co stock appears to be overvalued. The current stock price of 円511.00 is trading 46.6% above its estimated GF Value™ of 円348.47. GuruFocus considers SE Holdings andubations Co to be Significantly Overvalued.

Key valuation signals for TSE:9478:

  • Return-on-Tangible-Equity: 8.82% (12% above median its 10-year median of 7.86)
  • GF Value™: 円348.47 vs. price of 円511.00 (46.6% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 70.3% above the Media - Diversified median (#397 of 865)

No single metric tells the full story. See the TSE:9478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SE Holdings andubations Co Business Description

Address 5 Funamachi, Shinjuku-ku, Tokyo, JPN, 160-0006
SE Holdings and Incubations Co Ltd is engaged in diversified businesses namely IT technology information services; mobile internet services; marketing services for IT-related enterprises; store operations utilizing IT technology and Development of IT engineers and human resources services.
76GF Score

Get the complete analysis for TSE:9478

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

円511.00
Price
円348.47
GF Value