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InnotechTSE:9880 -5.69%83 Return-on-Tangible-Equity is 46.09% as of Mar. 2026, which is 574% above its 10-year median of 6.84. GuruFocus rates TSE:9880 with a GF Score™ of 83/100 and a GF Value™ of 円2,056.37 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,385 Hardware companies, Innotech ranks better than 83.35% 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. Innotech's annualized net income for the quarter that ended in Mar. 2026 was 円10,686 Mil. Innotech's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円23,187 Mil. Therefore, Innotech's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 46.09%.
The historical rank and industry rank for Innotech's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9880'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.15 Med: 6.84 Max: 17.75
Current: 17.75
During the past 13 years, Innotech's highest Return-on-Tangible-Equity was 17.75%. The lowest was 3.15%. And the median was 6.84%.
TSE:9880's Return-on-Tangible-Equity is ranked better than 83.35% of 2385
companies
in the Hardware industry
Industry Median: 5.32
vs TSE:9880: 17.75
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.
Innotech Return-on-Tangible-Equity Related Terms
Innotech Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Innotech'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:9880 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Innotech'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.
Innotech Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Innotech's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Innotech'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 46.09% mean?
Innotech (TSE:9880) has a Return-on-Tangible-Equity of 46.09% 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 Innotech and its competitors. This is 574% above median its historical median of 6.84. Over the past decade, Innotech's Return-on-Tangible-Equity has ranged from 3.15 to 17.75. According to the industry distribution chart, Innotech ranks #397 out of 2385 companies in the Hardware industry, placing it in the top 16.6%.
Is Innotech's Return-on-Tangible-Equity too high?
Innotech's current Return-on-Tangible-Equity of 46.09% is 574% above median its 10-year median of 6.84. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 17.75. The Hardware industry median Return-on-Tangible-Equity is 5.32. Innotech's value of 46.09% is 766.4% above this industry median. Based on the distribution chart, Innotech ranks #397 out of 2385 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Innotech has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Innotech's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Innotech ranks #397 out of 2385 companies for Return-on-Tangible-Equity. This places Innotech in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.32. Innotech's value of 46.09% is 766.4% above this benchmark. Historically, Innotech's own Return-on-Tangible-Equity has ranged from 3.15 to 17.75 over the past decade. While the company's 10-year median is 6.84 vs. the industry median of 5.32, Innotech 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.32, based on 2,385 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. Innotech's current Return-on-Tangible-Equity of 46.09% is 766.4% 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 Innotech and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innotech's current Return-on-Tangible-Equity is 46.09%, which is 574% above median its own 10-year median of 6.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innotech stock overvalued right now?
Based on GuruFocus' analysis, Innotech (TSE:9880) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,056.37, compared to a current price of 円3,230.00 — trading 57.1% above its estimated fair value. The current Return-on-Tangible-Equity is 46.09%, which is 574% above median its 10-year median of 6.84 and 766.4% above the Hardware industry median of 5.32. Innotech's overall GF Score™ is 83/100 with 2 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 Innotech (TSE:9880), the current Return-on-Tangible-Equity is 46.09% 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 Innotech (TSE:9880) Overvalued in 2026?
Based on GuruFocus' analysis, Innotech stock appears to be overvalued.
The current stock price of 円3,230.00 is trading 57.1% above its estimated GF Value™ of 円2,056.37.
GuruFocus considers Innotech to be Significantly Overvalued.
Key valuation signals for TSE:9880:
Return-on-Tangible-Equity: 46.09% (574% above median its 10-year median of 6.84)
GF Value™: 円2,056.37 vs. price of 円3,230.00 (57.1% above fair value)
Industry Position: 766.4% above the Hardware median (#397 of 2385)
No single metric tells the full story. See the TSE:9880 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innotech Corp is engaged in the electronics distribution business segment. The company is involved in various business units that are integrated solution, which sells electronic design automation (EDA) software which assists designing of LSIs and electronic circuit boards; test solution, which provide various test solutions utilized during the semiconductor manufacturing process; intelligent system solution, which sells semiconductor devices, and other devices; advance products, which sell hard disk drives, and other memory products; and design analysis solution, which provide noise analysis service and design assistance tools. The company operates its business in Japan.
83GF Score
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