Mie CoNGO:3442 +0.36%67 Return-on-Tangible-Equity is 15.63% as of Mar. 2026, which is 9% above its 10-year median of 14.30. GuruFocus rates NGO:3442 with a GF Score™ of 67/100 and a GF Value™ of 円1,450.75 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 615 Steel companies, Mie Co ranks better than 85.69% 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. Mie Co's annualized net income for the quarter that ended in Mar. 2026 was 円482 Mil. Mie Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円3,087 Mil. Therefore, Mie Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.63%.
The historical rank and industry rank for Mie Co's Return-on-Tangible-Equity or its related term are showing as below:
NGO:3442'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.18 Med: 14.3 Max: 20.18
Current: 14.1
During the past 13 years, Mie Co's highest Return-on-Tangible-Equity was 20.18%. The lowest was 11.18%. And the median was 14.30%.
NGO:3442's Return-on-Tangible-Equity is ranked better than 85.69% of 615
companies
in the Steel industry
Industry Median: 3.97
vs NGO:3442: 14.10
Mie Co (NGO:3442) 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.
Mie Co Return-on-Tangible-Equity Related Terms
Mie Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mie 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.
NGO:3442 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Mie 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.
Mie Co Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Mie Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mie 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 two times the semi-annual (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 15.63% mean?
Mie Co (NGO:3442) has a Return-on-Tangible-Equity of 15.63% 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 Mie Co and its competitors. This is near median its historical median of 14.30. Over the past decade, Mie Co's Return-on-Tangible-Equity has ranged from 11.18 to 20.18. According to the industry distribution chart, Mie Co ranks #88 out of 615 companies in the Steel industry, placing it in the top 14.3%.
Is Mie Co's Return-on-Tangible-Equity too high?
Mie Co's current Return-on-Tangible-Equity of 15.63% is near median its 10-year median of 14.30. Over the past 10 years, this metric has ranged from a low of 11.18 to a high of 20.18. The Steel industry median Return-on-Tangible-Equity is 3.97. Mie Co's value of 15.63% is 293.7% above this industry median. Based on the distribution chart, Mie Co ranks #88 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mie Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mie Co's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Mie Co ranks #88 out of 615 companies for Return-on-Tangible-Equity. This places Mie Co in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 3.97. Mie Co's value of 15.63% is 293.7% above this benchmark. Historically, Mie Co's own Return-on-Tangible-Equity has ranged from 11.18 to 20.18 over the past decade. While the company's 10-year median is 14.30 vs. the industry median of 3.97, Mie 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.97, 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. Mie Co's current Return-on-Tangible-Equity of 15.63% is 293.7% 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 Mie Co and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mie Co's current Return-on-Tangible-Equity is 15.63%, which is near median its own 10-year median of 14.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mie Co stock overvalued right now?
Based on GuruFocus' analysis, Mie Co (NGO:3442) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,450.75, compared to a current price of 円1,650.00 — trading 13.7% above its estimated fair value. The current Return-on-Tangible-Equity is 15.63%, which is near median its 10-year median of 14.30 and 293.7% above the Steel industry median of 3.97. Mie Co's overall GF Score™ is 67/100 with 5 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 Mie Co (NGO:3442), the current Return-on-Tangible-Equity is 15.63% 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 Mie Co (NGO:3442) Overvalued in 2026?
Based on GuruFocus' analysis, Mie Co stock appears to be overvalued.
The current stock price of 円1,650.00 is trading 13.7% above its estimated GF Value™ of 円1,450.75.
GuruFocus considers Mie Co to be Modestly Overvalued.
Key valuation signals for NGO:3442:
Return-on-Tangible-Equity: 15.63% (near median its 10-year median of 14.30)
GF Value™: 円1,450.75 vs. price of 円1,650.00 (13.7% above fair value)
Industry Position: 293.7% above the Steel median (#88 of 615)
No single metric tells the full story. See the NGO:3442 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mie Corp Co Ltd is a Japanese holding company. The company, through its subsidiaries, is engaged in the manufacturing of stainless steel fittings and flanges and the prefabricated piping processing of piping equipment. The products of the company include butt weld type fitting, housing type pipe fitting, and stainless steel pipe flange.
67GF Score
Get the complete analysis for NGO:3442
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