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Verite CoTSE:9904 +0.41%72 Return-on-Tangible-Equity is 8.74% as of Mar. 2026, which is 14% below its 10-year median of 10.12. GuruFocus rates TSE:9904 with a GF Score™ of 72/100 and a GF Value™ of 円473.48 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,067 Retail - Cyclical companies, Verite Co ranks worse than 52.86% 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. Verite Co's annualized net income for the quarter that ended in Mar. 2026 was 円372 Mil. Verite Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円4,256 Mil. Therefore, Verite Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.74%.
The historical rank and industry rank for Verite Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9904'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.7 Med: 10.12 Max: 12.99
Current: 7.52
During the past 13 years, Verite Co's highest Return-on-Tangible-Equity was 12.99%. The lowest was 4.70%. And the median was 10.12%.
TSE:9904's Return-on-Tangible-Equity is ranked worse than 52.86% of 1067
companies
in the Retail - Cyclical industry
Industry Median: 8.35
vs TSE:9904: 7.52
Verite Co (TSE:9904) 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.
Verite Co Return-on-Tangible-Equity Related Terms
Verite Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Verite 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:9904 vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Verite 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.
Verite Co Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Verite Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Verite 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 (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 8.74% mean?
Verite Co (TSE:9904) has a Return-on-Tangible-Equity of 8.74% 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 Verite Co and its competitors. This is 14% below median its historical median of 10.12. Over the past decade, Verite Co's Return-on-Tangible-Equity has ranged from 4.70 to 12.99. According to the industry distribution chart, Verite Co ranks #564 out of 1067 companies in the Retail - Cyclical industry, placing it in the top 52.9%.
Is Verite Co's Return-on-Tangible-Equity too high?
Verite Co's current Return-on-Tangible-Equity of 8.74% is 14% below median its 10-year median of 10.12. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 12.99. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.35. Verite Co's value of 8.74% is 4.7% above this industry median. Based on the distribution chart, Verite Co ranks #564 out of 1067 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Verite Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Verite Co's Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Verite Co ranks #564 out of 1067 companies for Return-on-Tangible-Equity. This places Verite Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.35. Verite Co's value of 8.74% is 4.7% above this benchmark. Historically, Verite Co's own Return-on-Tangible-Equity has ranged from 4.70 to 12.99 over the past decade. While the company's 10-year median is 10.12 vs. the industry median of 8.35, Verite 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.35, based on 1,067 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. Verite Co's current Return-on-Tangible-Equity of 8.74% is 4.7% 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 Verite Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verite Co's current Return-on-Tangible-Equity is 8.74%, which is 14% below median its own 10-year median of 10.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verite Co stock overvalued right now?
Based on GuruFocus' analysis, Verite Co (TSE:9904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円473.48, compared to a current price of 円242.00 — trading 48.9% below its estimated fair value. The current Return-on-Tangible-Equity is 8.74%, which is 14% below median its 10-year median of 10.12 and 4.7% above the Retail - Cyclical industry median of 8.35. Verite Co's 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 Verite Co (TSE:9904), the current Return-on-Tangible-Equity is 8.74% 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 Verite Co (TSE:9904) Overvalued in 2026?
Based on GuruFocus' analysis, Verite Co stock appears to be undervalued.
The current stock price of 円242.00 is trading 48.9% below its estimated GF Value™ of 円473.48.
GuruFocus considers Verite Co to be Significantly Undervalued.
Key valuation signals for TSE:9904:
Return-on-Tangible-Equity: 8.74% (14% below median its 10-year median of 10.12)
GF Value™: 円473.48 vs. price of 円242.00 (48.9% below fair value)
Industry Position: 4.7% above the Retail - Cyclical median (#564 of 1067)
No single metric tells the full story. See the TSE:9904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Verite Co Ltd is engaged in operating jewellery specialty retail chain. The company is engaged in manufacture and sale of precious metal, clock, and fashion goods. The firm offers customer service and after sales service which include repair, processing and renovation.
72GF Score
Get the complete analysis for TSE:9904
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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