JFE HoldingsJFEEF 68 Return-on-Tangible-Equity is 1.57% as of Mar. 2026, which is 67% below its 10-year median of 4.73. GuruFocus rates JFEEF with a GF Score™ of 68/100 and a GF Value™ of $10.59 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 615 Steel companies, JFE Holdings ranks worse than 53.98% 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. JFE Holdings's annualized net income for the quarter that ended in Mar. 2026 was $234 Mil. JFE Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $14,926 Mil. Therefore, JFE Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.57%.
The historical rank and industry rank for JFE Holdings's Return-on-Tangible-Equity or its related term are showing as below:
JFEEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.73 Med: 4.73 Max: 16.7
Current: 3.05
During the past 13 years, JFE Holdings's highest Return-on-Tangible-Equity was 16.70%. The lowest was -11.73%. And the median was 4.73%.
JFEEF's Return-on-Tangible-Equity is ranked worse than 53.98% of 615
companies
in the Steel industry
Industry Median: 3.93
vs JFEEF: 3.05
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.
JFE Holdings Return-on-Tangible-Equity Related Terms
JFE Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for JFE Holdings'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.
JFEEF vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, JFE Holdings'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.
JFE Holdings Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, JFE Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JFE Holdings'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 1.57% mean?
JFE Holdings (JFEEF) has a Return-on-Tangible-Equity of 1.57% 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 JFE Holdings and its competitors. This is 67% below median its historical median of 4.73. According to the industry distribution chart, JFE Holdings ranks #332 out of 615 companies in the Steel industry, placing it in the top 54%.
Is JFE Holdings' Return-on-Tangible-Equity too high?
JFE Holdings' current Return-on-Tangible-Equity of 1.57% is 67% below median its 10-year median of 4.73. The Steel industry median Return-on-Tangible-Equity is 3.93. JFE Holdings' value of 1.57% is 60.1% below this industry median. Based on the distribution chart, JFE Holdings ranks #332 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, JFE Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JFE Holdings' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, JFE Holdings ranks #332 out of 615 companies for Return-on-Tangible-Equity. This places JFE Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 3.93. JFE Holdings' value of 1.57% is 60.1% below this benchmark. While the company's 10-year median is 4.73 vs. the industry median of 3.93, JFE Holdings has consistently been below 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.93, based on 615 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. JFE Holdings's current Return-on-Tangible-Equity of 1.57% is 60.1% below 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 JFE Holdings and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JFE Holdings's current Return-on-Tangible-Equity is 1.57%, which is 67% below median its own 10-year median of 4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JFE Holdings stock overvalued right now?
Based on GuruFocus' analysis, JFE Holdings (JFEEF) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.59, compared to a current price of $9.90 — trading 6.5% below its estimated fair value. The current Return-on-Tangible-Equity is 1.57%, which is 67% below median its 10-year median of 4.73 and 60.1% below the Steel industry median of 3.93. JFE Holdings' overall GF Score™ is 68/100 with 6 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 JFE Holdings (JFEEF), the current Return-on-Tangible-Equity is 1.57% 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 JFE Holdings (JFEEF) Overvalued in 2026?
Based on GuruFocus' analysis, JFE Holdings stock appears to be undervalued.
The current stock price of $9.90 is trading 6.5% below its estimated GF Value™ of $10.59.
GuruFocus considers JFE Holdings to be Modestly Undervalued.
Key valuation signals for JFEEF:
Return-on-Tangible-Equity: 1.57% (67% below median its 10-year median of 4.73)
GF Value™: $10.59 vs. price of $9.90 (6.5% below fair value)
Industry Position: 60.1% below the Steel median (#332 of 615)
No single metric tells the full story. See the JFEEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JFE Holdings Inc is a Japan-based company engaged in the manufacture and sale of steel and related products. The company operates its business through three segments. The Engineering segment covers energy, urban environment, steel structure, and industrial machinery projects, along with recycling and electricity retail businesses. The Iron and Steel segment manufactures and sells steel products, processed steel products, raw materials, and engages in related services such as transportation, equipment maintenance, and construction. The Trading Company segment handles steel products, steelmaking raw materials, non-ferrous metals, foodstuffs, and other trading activities. It generates the majority of its revenue from the Iron and steel segment.
68GF Score
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