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Belc CoTSE:9974 +0.62%89 Return-on-Tangible-Equity is 13.99% as of Feb. 2026, which is 21% above its 10-year median of 11.57. GuruFocus rates TSE:9974 with a GF Score™ of 89/100 and a GF Value™ of 円8,016.03 (Modestly Undervalued). Among 301 Retail - Defensive companies, Belc Co ranks worse than 51.16% 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. Belc Co's annualized net income for the quarter that ended in Feb. 2026 was 円16,232 Mil. Belc Co's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円116,000 Mil. Therefore, Belc Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 13.99%.
The historical rank and industry rank for Belc Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9974'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.69 Med: 11.57 Max: 12.62
Current: 10.69
During the past 13 years, Belc Co's highest Return-on-Tangible-Equity was 12.62%. The lowest was 10.69%. And the median was 11.57%.
TSE:9974's Return-on-Tangible-Equity is ranked worse than 51.16% of 301
companies
in the Retail - Defensive industry
Industry Median: 10.96
vs TSE:9974: 10.69
Belc Co (TSE:9974) 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.
Belc Co Return-on-Tangible-Equity Related Terms
Belc Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Belc 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:9974 vs KR: Return-on-Tangible-Equity Comparison
For the Grocery Stores subindustry, Belc 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.
Belc Co Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Belc 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.99% mean?
Belc Co (TSE:9974) has a Return-on-Tangible-Equity of 13.99% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Belc Co and its competitors. This is 21% above median its historical median of 11.57. Over the past decade, Belc Co's Return-on-Tangible-Equity has ranged from 10.69 to 12.62. According to the industry distribution chart, Belc Co ranks #154 out of 301 companies in the Retail - Defensive industry, placing it in the top 51.2%.
Is Belc Co's Return-on-Tangible-Equity too high?
Belc Co's current Return-on-Tangible-Equity of 13.99% is 21% above median its 10-year median of 11.57. Over the past 10 years, this metric has ranged from a low of 10.69 to a high of 12.62. The Retail - Defensive industry median Return-on-Tangible-Equity is 10.96. Belc Co's value of 13.99% is 27.6% above this industry median. Based on the distribution chart, Belc Co ranks #154 out of 301 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Belc Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's Return-on-Tangible-Equity compare to KR?
According to the Retail - Defensive industry distribution chart, Belc Co ranks #154 out of 301 companies for Return-on-Tangible-Equity. This places Belc Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.96. Belc Co's value of 13.99% is 27.6% above this benchmark. Historically, Belc Co's own Return-on-Tangible-Equity has ranged from 10.69 to 12.62 over the past decade. While the company's 10-year median is 11.57 vs. the industry median of 10.96, Belc 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 - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 10.96, based on 301 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. Belc Co's current Return-on-Tangible-Equity of 13.99% 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 Belc Co and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 10.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current Return-on-Tangible-Equity is 13.99%, which is 21% above median its own 10-year median of 11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,016.03, compared to a current price of 円6,470.00 — trading 19.3% below its estimated fair value. The current Return-on-Tangible-Equity is 13.99%, which is 21% above median its 10-year median of 11.57 and 27.6% above the Retail - Defensive industry median of 10.96. Belc Co's overall GF Score™ is 89/100. 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 Belc Co (TSE:9974), the current Return-on-Tangible-Equity is 13.99% as of Feb. 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 Belc Co (TSE:9974) Overvalued in 2026?
Based on GuruFocus' analysis, Belc Co stock appears to be undervalued.
The current stock price of 円6,470.00 is trading 19.3% below its estimated GF Value™ of 円8,016.03.
GuruFocus considers Belc Co to be Modestly Undervalued.
Key valuation signals for TSE:9974:
Return-on-Tangible-Equity: 13.99% (21% above median its 10-year median of 11.57)
GF Value™: 円8,016.03 vs. price of 円6,470.00 (19.3% below fair value)
Industry Position: 27.6% above the Retail - Defensive median (#154 of 301)
No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
89GF Score
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