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. Namura Shipbuilding Co's annualized net income for the quarter that ended in Mar. 2026 was €135.9 Mil. Namura Shipbuilding Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €714.1 Mil. Therefore, Namura Shipbuilding Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.02%.
The historical rank and industry rank for Namura Shipbuilding Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:8AF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -39.39 Med: -5.09 Max: 30.95
Current: 18.21
During the past 13 years, Namura Shipbuilding Co's highest Return-on-Tangible-Equity was 30.95%. The lowest was -39.39%. And the median was -5.09%.
FRA:8AF's Return-on-Tangible-Equity is ranked better than 68.26% of 334
companies
in the Aerospace & Defense industry
Industry Median: 8.195
vs FRA:8AF: 18.21
Namura Shipbuilding Co (FRA:8AF) 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.
Namura Shipbuilding Co Return-on-Tangible-Equity Related Terms
Namura Shipbuilding Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Namura Shipbuilding 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.
Namura Shipbuilding Co Return-on-Tangible-Equity Chart
FRA:8AF vs SPCX, GE, RTX: Return-on-Tangible-Equity Comparison
For the Aerospace & Defense subindustry, Namura Shipbuilding 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.
Namura Shipbuilding Co Return-on-Tangible-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Namura Shipbuilding Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Namura Shipbuilding 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 19.02% mean?
Namura Shipbuilding Co (FRA:8AF) has a Return-on-Tangible-Equity of 19.02% 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 Namura Shipbuilding Co and its competitors. According to the industry distribution chart, Namura Shipbuilding Co ranks #106 out of 334 companies in the Aerospace & Defense industry, placing it in the top 31.7%.
Is Namura Shipbuilding Co's Return-on-Tangible-Equity too high?
Namura Shipbuilding Co's current Return-on-Tangible-Equity is 19.02%. The Aerospace & Defense industry median Return-on-Tangible-Equity is 8.20. Namura Shipbuilding Co's value of 19.02% is 132.1% above this industry median. Based on the distribution chart, Namura Shipbuilding Co ranks #106 out of 334 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Namura Shipbuilding Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Namura Shipbuilding Co's Return-on-Tangible-Equity compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Namura Shipbuilding Co ranks #106 out of 334 companies for Return-on-Tangible-Equity. This puts Namura Shipbuilding Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.20. Namura Shipbuilding Co's value of 19.02% is 132.1% above this benchmark. 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 an Aerospace & Defense company?
The median Return-on-Tangible-Equity among Aerospace & Defense companies is 8.20, based on 334 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. Namura Shipbuilding Co's current Return-on-Tangible-Equity of 19.02% is 132.1% 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 Namura Shipbuilding Co and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Equity is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Namura Shipbuilding Co's current Return-on-Tangible-Equity is 19.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Namura Shipbuilding Co stock overvalued right now?
Namura Shipbuilding Co (FRA:8AF) has a current Return-on-Tangible-Equity of 19.02%. The stock's GF Value™ is €11.69, compared to a current price of €19.50 — trading 66.8% above its estimated fair value. The current Return-on-Tangible-Equity is 19.02% and 132.1% above the Aerospace & Defense industry median of 8.20. Namura Shipbuilding Co's overall GF Score™ is 74/100 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 Namura Shipbuilding Co (FRA:8AF), the current Return-on-Tangible-Equity is 19.02% 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 Namura Shipbuilding Co (FRA:8AF) Overvalued in 2026?
Based on GuruFocus' analysis, Namura Shipbuilding Co stock appears to be overvalued.
The current stock price of €19.50 is trading 66.8% above its estimated GF Value™ of €11.69.
Key valuation signals for FRA:8AF:
Return-on-Tangible-Equity: 19.02%
GF Value™: €11.69 vs. price of €19.50 (66.8% above fair value)
Industry Position: 132.1% above the Aerospace & Defense median (#106 of 334)
No single metric tells the full story. See the FRA:8AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Namura Shipbuilding Co Ltd is in the business of infrastructure development operating in Japan. The company is in the business of shipbuilding, ship repairs, design, production and installation of bridge, floodgate and steel structure. Its products are bulk carrier, ore carrier, oil tanker, and LPG (Liquefied Petroleum Gas) carrier. The company also constructs car carriers, container ships, and cement carriers. In addition, the company offers maintenance work on aluminum high-speed passenger ships.
74GF Score
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