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.
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.
Noritake CoTSE:5331 +2.49%79 Equity-to-Asset is 0.73 as of Mar. 2026, which is 3% above its 10-year median of 0.71. GuruFocus rates TSE:5331 with a GF Score™ of 79/100 and a GF Value™ of 円2,121.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 558 Conglomerates companies, Noritake Co ranks better than 79.75% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Noritake Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円166,742 Mil. Noritake Co's Total Assets for the quarter that ended in Mar. 2026 was 円230,076 Mil.
Therefore, Noritake Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.73.
The historical rank and industry rank for Noritake Co's Equity-to-Asset or its related term are showing as below:
TSE:5331'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.59 Med: 0.71 Max: 0.76
Current: 0.71
During the past 13 years, the highest Equity to Asset Ratio of Noritake Co was 0.76. The lowest was 0.59. And the median was 0.71.
TSE:5331's Equity-to-Asset is ranked better than 79.75% of 558
companies
in the Conglomerates industry
Industry Median: 0.45
vs TSE:5331: 0.71
Noritake Co (TSE:5331) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Noritake Co Equity-to-Asset Related Terms
Noritake Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Noritake Co's Equity-to-Asset 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.
For the Conglomerates subindustry, Noritake Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Noritake Co Equity-to-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Noritake Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Noritake Co's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Noritake Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Noritake Co (TSE:5331) has a Equity-to-Asset of 0.73 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Noritake Co and its competitors. This is near median its historical median of 0.71. Over the past decade, Noritake Co's Equity-to-Asset has ranged from 0.59 to 0.76. According to the industry distribution chart, Noritake Co ranks #113 out of 558 companies in the Conglomerates industry, placing it in the top 20.3%.
Is Noritake Co's Equity-to-Asset too high?
Noritake Co's current Equity-to-Asset of 0.73 is near median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.76. The Conglomerates industry median Equity-to-Asset is 0.45. Noritake Co's value of 0.73 is 62.2% above this industry median. Based on the distribution chart, Noritake Co ranks #113 out of 558 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Noritake Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noritake Co's Equity-to-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Noritake Co ranks #113 out of 558 companies for Equity-to-Asset. This places Noritake Co in the top 20% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.45. Noritake Co's value of 0.73 is 62.2% above this benchmark. Historically, Noritake Co's own Equity-to-Asset has ranged from 0.59 to 0.76 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.45, Noritake 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 Equity-to-Asset for a Conglomerates company?
The median Equity-to-Asset among Conglomerates companies is 0.45, based on 558 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noritake Co's current Equity-to-Asset of 0.73 is 62.2% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Noritake Co and its competitors. For the Conglomerates industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noritake Co's current Equity-to-Asset is 0.73, which is near median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noritake Co stock overvalued right now?
Based on GuruFocus' analysis, Noritake Co (TSE:5331) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,121.45, compared to a current price of 円3,700.00 — trading 74.4% above its estimated fair value. The current Equity-to-Asset is 0.73, which is near median its 10-year median of 0.71 and 62.2% above the Conglomerates industry median of 0.45. Noritake Co's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Noritake Co (TSE:5331), the current Equity-to-Asset is 0.73 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 Noritake Co (TSE:5331) Overvalued in 2026?
Based on GuruFocus' analysis, Noritake Co stock appears to be overvalued.
The current stock price of 円3,700.00 is trading 74.4% above its estimated GF Value™ of 円2,121.45.
GuruFocus considers Noritake Co to be Significantly Overvalued.
Key valuation signals for TSE:5331:
Equity-to-Asset: 0.73 (near median its 10-year median of 0.71)
GF Value™: 円2,121.45 vs. price of 円3,700.00 (74.4% above fair value)
Industry Position: 62.2% above the Conglomerates median (#113 of 558)
No single metric tells the full story. See the TSE:5331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.
79GF Score
Get the complete analysis for TSE:5331
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:5331 has been successfully added to your 
