Mammy Mart Holdings (TSE:9823) Return-on-Tangible-Equity: 13.92% (As of Mar. 2026) — 28% 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:9823 Mammy Mart Holdings Corp TSE:9823
72 GF Score
Price 円1,039.00
GF Value 円1,143.51
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Mammy Mart Holdings Return-on-Tangible-Equity?

Mammy Mart Holdings TSE:9823 -1.05% 72 Return-on-Tangible-Equity is 13.92% as of Mar. 2026, which is 28% above its 10-year median of 10.90. GuruFocus rates TSE:9823 with a GF Score™ of 72/100 and a GF Value™ of 円1,143.51 (Fairly Valued). The stock has 4 warning signs investors should review. Among 302 Retail - Defensive companies, Mammy Mart Holdings ranks worse than 60.26% 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. Mammy Mart Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円6,136 Mil. Mammy Mart Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円44,080 Mil. Therefore, Mammy Mart Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.92%.

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

TSE:9823' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.34   Med: 10.9   Max: 14.35
Current: 7.56

During the past 13 years, Mammy Mart Holdings's highest Return-on-Tangible-Equity was 14.35%. The lowest was -5.34%. And the median was 10.90%.

TSE:9823's Return-on-Tangible-Equity is ranked worse than
60.26% of 302 companies
in the Retail - Defensive industry
Industry Median: 10.91 vs TSE:9823: 7.56

Mammy Mart Holdings  (TSE:9823) 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.


Mammy Mart Holdings Return-on-Tangible-Equity Related Terms


Mammy Mart Holdings Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Mammy Mart 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.

Mammy Mart Holdings Return-on-Tangible-Equity Chart

Mammy Mart Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.35 11.22 13.14 13.24 13.14

Mammy Mart Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
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 15.56 16.07 0.00 15.82 13.92

TSE:9823 vs KR: Return-on-Tangible-Equity Comparison

For the Grocery Stores subindustry, Mammy Mart 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.


Mammy Mart Holdings Return-on-Tangible-Equity vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mammy Mart Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Mammy Mart Holdings's Return-on-Tangible-Equity falls into.


TSE:9823
72GF Score
Mammy Mart Holdings Corp TSE:9823
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mammy Mart Holdings Return-on-Tangible-Equity Calculation

Mammy Mart Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=5246/( (37682+42153 )/ 2 )
=5246/39917.5
=13.14 %

Mammy Mart Holdings'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 )
=6136/( (43283+44877)/ 2 )
=6136/44080
=13.92 %

* 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 13.92% mean?
Mammy Mart Holdings (TSE:9823) has a Return-on-Tangible-Equity of 13.92% 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 Mammy Mart Holdings and its competitors. This is 28% above median its historical median of 10.90. According to the industry distribution chart, Mammy Mart Holdings ranks #182 out of 302 companies in the Retail - Defensive industry, placing it in the top 60.3%.
Is Mammy Mart Holdings' Return-on-Tangible-Equity too high?
Mammy Mart Holdings' current Return-on-Tangible-Equity of 13.92% is 28% above median its 10-year median of 10.90. The Retail - Defensive industry median Return-on-Tangible-Equity is 10.91. Mammy Mart Holdings' value of 13.92% is 27.6% above this industry median. Based on the distribution chart, Mammy Mart Holdings ranks #182 out of 302 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Mammy Mart Holdings has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mammy Mart Holdings' Return-on-Tangible-Equity compare to KR?
According to the Retail - Defensive industry distribution chart, Mammy Mart Holdings ranks #182 out of 302 companies for Return-on-Tangible-Equity. This places Mammy Mart Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.91. Mammy Mart Holdings' value of 13.92% is 27.6% above this benchmark. While the company's 10-year median is 10.90 vs. the industry median of 10.91, Mammy Mart Holdings 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 10.91, based on 302 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. Mammy Mart Holdings's current Return-on-Tangible-Equity of 13.92% is 27.6% 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 Mammy Mart Holdings and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mammy Mart Holdings's current Return-on-Tangible-Equity is 13.92%, which is 28% above median its own 10-year median of 10.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mammy Mart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Mammy Mart Holdings (TSE:9823) is currently considered Fairly Valued. The stock's GF Value™ is 円1,143.51, compared to a current price of 円1,039.00 — trading 9.1% below its estimated fair value. The current Return-on-Tangible-Equity is 13.92%, which is 28% above median its 10-year median of 10.90 and 27.6% above the Retail - Defensive industry median of 10.91. Mammy Mart Holdings' overall GF Score™ is 72/100 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 Mammy Mart Holdings (TSE:9823), the current Return-on-Tangible-Equity is 13.92% 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 Mammy Mart Holdings (TSE:9823) Overvalued in 2026?

Based on GuruFocus' analysis, Mammy Mart Holdings stock appears to be undervalued. The current stock price of 円1,039.00 is trading 9.1% below its estimated GF Value™ of 円1,143.51. GuruFocus considers Mammy Mart Holdings to be Fairly Valued.

Key valuation signals for TSE:9823:

  • Return-on-Tangible-Equity: 13.92% (28% above median its 10-year median of 10.90)
  • GF Value™: 円1,143.51 vs. price of 円1,039.00 (9.1% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 27.6% above the Retail - Defensive median (#182 of 302)

No single metric tells the full story. See the TSE:9823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mammy Mart Holdings Business Description

Address 2-2-47 Honmachi, Saitama Prefecture, Higashimatsuyama, JPN
Mammy Mart Holdings Corp Formerly Mammy Mart Corp is a fresh food supermarket chain. It develops steadily based on community-based management. The company has one segment named the Supermarket business, which mainly sells fresh food, processed foods, prepared foods, daily necessities, etc.
72GF Score

Get the complete analysis for TSE:9823

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

円1,039.00
Price
円1,143.51
GF Value