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Keiyo Gas CoTSE:9539 +0.52%71 Return-on-Tangible-Equity is 6.87% as of Jun. 2026, which is 58% above its 10-year median of 4.35. GuruFocus rates TSE:9539 with a GF Score™ of 71/100 and a GF Value™ of 円964.59 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 494 Utilities - Regulated companies, Keiyo Gas Co ranks worse than 78.95% 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. Keiyo Gas Co's annualized net income for the quarter that ended in Jun. 2026 was 円7,016 Mil. Keiyo Gas Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was 円102,111 Mil. Therefore, Keiyo Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 6.87%.
The historical rank and industry rank for Keiyo Gas Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9539'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.27 Med: 4.35 Max: 6.74
Current: 4.23
During the past 13 years, Keiyo Gas Co's highest Return-on-Tangible-Equity was 6.74%. The lowest was 0.27%. And the median was 4.35%.
TSE:9539's Return-on-Tangible-Equity is ranked worse than 78.95% of 494
companies
in the Utilities - Regulated industry
Industry Median: 11.055
vs TSE:9539: 4.23
Keiyo Gas Co (TSE:9539) 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.
Keiyo Gas Co Return-on-Tangible-Equity Related Terms
Keiyo Gas Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Keiyo Gas 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.
TSE:9539 vs ATO, NI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Keiyo Gas 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.
Keiyo Gas Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Keiyo Gas Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Keiyo Gas Co'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.87% mean?
Keiyo Gas Co (TSE:9539) has a Return-on-Tangible-Equity of 6.87% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Keiyo Gas Co and its competitors. This is 58% above median its historical median of 4.35. Over the past decade, Keiyo Gas Co's Return-on-Tangible-Equity has ranged from 0.27 to 6.74. According to the industry distribution chart, Keiyo Gas Co ranks #390 out of 494 companies in the Utilities - Regulated industry, placing it in the top 78.9%.
Is Keiyo Gas Co's Return-on-Tangible-Equity too high?
Keiyo Gas Co's current Return-on-Tangible-Equity of 6.87% is 58% above median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 6.74. The Utilities - Regulated industry median Return-on-Tangible-Equity is 11.06. Keiyo Gas Co's value of 6.87% is 37.9% below this industry median. Based on the distribution chart, Keiyo Gas Co ranks #390 out of 494 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Keiyo Gas Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keiyo Gas Co's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Keiyo Gas Co ranks #390 out of 494 companies for Return-on-Tangible-Equity. This places Keiyo Gas Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.06. Keiyo Gas Co's value of 6.87% is 37.9% below this benchmark. Historically, Keiyo Gas Co's own Return-on-Tangible-Equity has ranged from 0.27 to 6.74 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 11.06, Keiyo Gas Co has consistently been below 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 an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 11.06, based on 494 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. Keiyo Gas Co's current Return-on-Tangible-Equity of 6.87% is 37.9% below 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 Keiyo Gas Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 11.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keiyo Gas Co's current Return-on-Tangible-Equity is 6.87%, which is 58% above median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keiyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Keiyo Gas Co (TSE:9539) is currently considered Significantly Overvalued. The stock's GF Value™ is 円964.59, compared to a current price of 円1,359.00 — trading 40.9% above its estimated fair value. The current Return-on-Tangible-Equity is 6.87%, which is 58% above median its 10-year median of 4.35 and 37.9% below the Utilities - Regulated industry median of 11.06. Keiyo Gas Co's overall GF Score™ is 71/100 with 7 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 Keiyo Gas Co (TSE:9539), the current Return-on-Tangible-Equity is 6.87% as of Jun. 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 Keiyo Gas Co (TSE:9539) Overvalued in 2026?
Based on GuruFocus' analysis, Keiyo Gas Co stock appears to be overvalued.
The current stock price of 円1,359.00 is trading 40.9% above its estimated GF Value™ of 円964.59.
GuruFocus considers Keiyo Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9539:
Return-on-Tangible-Equity: 6.87% (58% above median its 10-year median of 4.35)
GF Value™: 円964.59 vs. price of 円1,359.00 (40.9% above fair value)
Industry Position: 37.9% below the Utilities - Regulated median (#390 of 494)
No single metric tells the full story. See the TSE:9539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keiyo Gas Co Ltd is engaged in gas business. The company produces, process and sells gas byproducts. It is also engaged in production, sales, rental, installation, repair, maintenance and management of gas appliances, kitchen equipment, water supply, and drainage equipment, air conditioning equipment and housing equipment.
71GF Score
Get the complete analysis for TSE:9539
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