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Nippon Aqua CoFRA:N3A +0.51%73 Return-on-Tangible-Equity is 25.03% as of Dec. 2025, which is 39% above its 10-year median of 17.96. GuruFocus rates FRA:N3A with a GF Score™ of 73/100 and a GF Value™ of €5.70. Among 1,712 Construction companies, Nippon Aqua Co ranks better than 73.71% 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. Nippon Aqua Co's annualized net income for the quarter that ended in Dec. 2025 was €15.5 Mil. Nippon Aqua Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €62.1 Mil. Therefore, Nippon Aqua Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 25.03%.
The historical rank and industry rank for Nippon Aqua Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:N3A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.71 Med: 17.96 Max: 23.46
Current: 17.8
During the past 13 years, Nippon Aqua Co's highest Return-on-Tangible-Equity was 23.46%. The lowest was 8.71%. And the median was 17.96%.
FRA:N3A's Return-on-Tangible-Equity is ranked better than 73.71% of 1712
companies
in the Construction industry
Industry Median: 8.21
vs FRA:N3A: 17.80
Nippon Aqua Co (FRA:N3A) 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.
Nippon Aqua Co Return-on-Tangible-Equity Related Terms
Nippon Aqua Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nippon Aqua 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.
FRA:N3A vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Nippon Aqua 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.
Nippon Aqua Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Nippon Aqua Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Aqua 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 25.03% mean?
Nippon Aqua Co (FRA:N3A) has a Return-on-Tangible-Equity of 25.03% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nippon Aqua Co and its competitors. This is 39% above median its historical median of 17.96. Over the past decade, Nippon Aqua Co's Return-on-Tangible-Equity has ranged from 8.71 to 23.46. According to the industry distribution chart, Nippon Aqua Co ranks #450 out of 1712 companies in the Construction industry, placing it in the top 26.3%.
Is Nippon Aqua Co's Return-on-Tangible-Equity too high?
Nippon Aqua Co's current Return-on-Tangible-Equity of 25.03% is 39% above median its 10-year median of 17.96. Over the past 10 years, this metric has ranged from a low of 8.71 to a high of 23.46. The Construction industry median Return-on-Tangible-Equity is 8.21. Nippon Aqua Co's value of 25.03% is 204.9% above this industry median. Based on the distribution chart, Nippon Aqua Co ranks #450 out of 1712 companies in the Construction industry, which is above the industry midpoint. Overall, Nippon Aqua Co has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Aqua Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Nippon Aqua Co ranks #450 out of 1712 companies for Return-on-Tangible-Equity. This puts Nippon Aqua Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Nippon Aqua Co's value of 25.03% is 204.9% above this benchmark. Historically, Nippon Aqua Co's own Return-on-Tangible-Equity has ranged from 8.71 to 23.46 over the past decade. While the company's 10-year median is 17.96 vs. the industry median of 8.21, Nippon Aqua 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,712 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. Nippon Aqua Co's current Return-on-Tangible-Equity of 25.03% is 204.9% 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 Nippon Aqua Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Aqua Co's current Return-on-Tangible-Equity is 25.03%, which is 39% above median its own 10-year median of 17.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Aqua Co stock overvalued right now?
Nippon Aqua Co (FRA:N3A) has a current Return-on-Tangible-Equity of 25.03%. The stock's GF Value™ is €5.70, compared to a current price of €3.96 — trading 30.5% below its estimated fair value. The current Return-on-Tangible-Equity is 25.03%, which is 39% above median its 10-year median of 17.96 and 204.9% above the Construction industry median of 8.21. Nippon Aqua Co's overall GF Score™ is 73/100. 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 Nippon Aqua Co (FRA:N3A), the current Return-on-Tangible-Equity is 25.03% as of Dec. 2025. 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 Nippon Aqua Co (FRA:N3A) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Aqua Co stock appears to be undervalued.
The current stock price of €3.96 is trading 30.5% below its estimated GF Value™ of €5.70.
Key valuation signals for FRA:N3A:
Return-on-Tangible-Equity: 25.03% (39% above median its 10-year median of 17.96)
GF Value™: €5.70 vs. price of €3.96 (30.5% below fair value)
Industry Position: 204.9% above the Construction median (#450 of 1712)
No single metric tells the full story. See the FRA:N3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Aqua Co Ltd is engaged in the development, sales, and installation of rigid polyurethane foam (Note) and waterproofing materials (polyurea). The company also provides a comprehensive service from the procurement, manufacturing, and sales of raw materials according to its specifications, to insulation design, sales of related materials such as heat-shielding materials, and on-site installation. Its business consists of a single business: thermal insulation construction and related services.
73GF Score
Get the complete analysis for FRA:N3A
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