Maruwa CoMAWAF 92 Return-on-Tangible-Equity is 16.10% as of Mar. 2026, which is 22% above its 10-year median of 13.19. GuruFocus rates MAWAF with a GF Score™ of 92/100 and a GF Value™ of $176.12. The stock has 7 warning signs investors should review. Among 2,380 Hardware companies, Maruwa Co ranks better than 75.38% 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. Maruwa Co's annualized net income for the quarter that ended in Mar. 2026 was $147.0 Mil. Maruwa Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $912.9 Mil. Therefore, Maruwa Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.10%.
The historical rank and industry rank for Maruwa Co's Return-on-Tangible-Equity or its related term are showing as below:
MAWAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.77 Med: 13.19 Max: 18.35
Current: 13.34
During the past 13 years, Maruwa Co's highest Return-on-Tangible-Equity was 18.35%. The lowest was 6.77%. And the median was 13.19%.
MAWAF's Return-on-Tangible-Equity is ranked better than 75.38% of 2380
companies
in the Hardware industry
Industry Median: 5.25
vs MAWAF: 13.34
Maruwa Co (OTCPK:MAWAF) 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.
Maruwa Co Return-on-Tangible-Equity Related Terms
Maruwa Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Maruwa 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.
MAWAF vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Maruwa 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.
Maruwa Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Maruwa Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Maruwa 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 16.10% mean?
Maruwa Co (MAWAF) has a Return-on-Tangible-Equity of 16.10% 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 Maruwa Co and its competitors. This is 22% above median its historical median of 13.19. Over the past decade, Maruwa Co's Return-on-Tangible-Equity has ranged from 6.77 to 18.35. According to the industry distribution chart, Maruwa Co ranks #586 out of 2380 companies in the Hardware industry, placing it in the top 24.6%.
Is Maruwa Co's Return-on-Tangible-Equity too high?
Maruwa Co's current Return-on-Tangible-Equity of 16.10% is 22% above median its 10-year median of 13.19. Over the past 10 years, this metric has ranged from a low of 6.77 to a high of 18.35. The Hardware industry median Return-on-Tangible-Equity is 5.25. Maruwa Co's value of 16.10% is 206.7% above this industry median. Based on the distribution chart, Maruwa Co ranks #586 out of 2380 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Maruwa Co has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Maruwa Co's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Maruwa Co ranks #586 out of 2380 companies for Return-on-Tangible-Equity. This places Maruwa Co in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.25. Maruwa Co's value of 16.10% is 206.7% above this benchmark. Historically, Maruwa Co's own Return-on-Tangible-Equity has ranged from 6.77 to 18.35 over the past decade. While the company's 10-year median is 13.19 vs. the industry median of 5.25, Maruwa 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.25, based on 2,380 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. Maruwa Co's current Return-on-Tangible-Equity of 16.10% is 206.7% 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 Maruwa Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruwa Co's current Return-on-Tangible-Equity is 16.10%, which is 22% above median its own 10-year median of 13.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruwa Co stock overvalued right now?
Maruwa Co (MAWAF) has a current Return-on-Tangible-Equity of 16.10%. The stock's GF Value™ is $176.12, compared to a current price of $274.00 — trading 55.6% above its estimated fair value. The current Return-on-Tangible-Equity is 16.10%, which is 22% above median its 10-year median of 13.19 and 206.7% above the Hardware industry median of 5.25. Maruwa Co's overall GF Score™ is 92/100 with 7 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 Maruwa Co (MAWAF), the current Return-on-Tangible-Equity is 16.10% 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 Maruwa Co (MAWAF) Overvalued in 2026?
Based on GuruFocus' analysis, Maruwa Co stock appears to be overvalued.
The current stock price of $274.00 is trading 55.6% above its estimated GF Value™ of $176.12.
Key valuation signals for MAWAF:
Return-on-Tangible-Equity: 16.10% (22% above median its 10-year median of 13.19)
GF Value™: $176.12 vs. price of $274.00 (55.6% above fair value)
Industry Position: 206.7% above the Hardware median (#586 of 2380)
No single metric tells the full story. See the MAWAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruwa Co Ltd engages in the production and sale of ceramics and electronics parts. The company operates in two business divisions, namely the Ceramic parts business and the Lighting equipment business. The Ceramic Parts business segment manufactures and sells electronic components, ceramic substrates, and semiconductor manufacturing equipment. The Lighting Equipment business segment produces and markets LED lighting products alongside conventional lighting equipment. It generates the majority of its revenue from the Ceramic parts business segment.
92GF Score
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