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Nikko CoNGO:5343 -0.53%57 Return-on-Tangible-Equity is 60.31% as of Mar. 2026, which is 294% above its 10-year median of 15.30. GuruFocus rates NGO:5343 with a GF Score™ of 57/100 and a GF Value™ of 円134.77 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,969 Industrial Products companies, Nikko Co ranks better than 93.84% 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. Nikko Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,332 Mil. Nikko Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円2,209 Mil. Therefore, Nikko Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 60.31%.
The historical rank and industry rank for Nikko Co's Return-on-Tangible-Equity or its related term are showing as below:
NGO:5343'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -64.68 Med: 15.3 Max: 40.26
Current: 40.26
During the past 13 years, Nikko Co's highest Return-on-Tangible-Equity was 40.26%. The lowest was -64.68%. And the median was 15.30%.
NGO:5343's Return-on-Tangible-Equity is ranked better than 93.84% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs NGO:5343: 40.26
Nikko Co (NGO:5343) 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.
Nikko Co Return-on-Tangible-Equity Related Terms
Nikko Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nikko 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:5343 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Nikko 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.
Nikko Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nikko Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nikko 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 60.31% mean?
Nikko Co (NGO:5343) has a Return-on-Tangible-Equity of 60.31% 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 Nikko Co and its competitors. This is 294% above median its historical median of 15.30. According to the industry distribution chart, Nikko Co ranks #183 out of 2969 companies in the Industrial Products industry, placing it in the top 6.2%.
Is Nikko Co's Return-on-Tangible-Equity too high?
Nikko Co's current Return-on-Tangible-Equity of 60.31% is 294% above median its 10-year median of 15.30. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Nikko Co's value of 60.31% is 797.5% above this industry median. Based on the distribution chart, Nikko Co ranks #183 out of 2969 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nikko Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikko Co's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nikko Co ranks #183 out of 2969 companies for Return-on-Tangible-Equity. This places Nikko Co in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.72. Nikko Co's value of 60.31% is 797.5% above this benchmark. While the company's 10-year median is 15.30 vs. the industry median of 6.72, Nikko 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 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. Nikko Co's current Return-on-Tangible-Equity of 60.31% is 797.5% 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 Nikko Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikko Co's current Return-on-Tangible-Equity is 60.31%, which is 294% above median its own 10-year median of 15.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikko Co stock overvalued right now?
Based on GuruFocus' analysis, Nikko Co (NGO:5343) is currently considered Significantly Overvalued. The stock's GF Value™ is 円134.77, compared to a current price of 円187.00 — trading 38.8% above its estimated fair value. The current Return-on-Tangible-Equity is 60.31%, which is 294% above median its 10-year median of 15.30 and 797.5% above the Industrial Products industry median of 6.72. Nikko Co's overall GF Score™ is 57/100 with 3 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 Nikko Co (NGO:5343), the current Return-on-Tangible-Equity is 60.31% 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 Nikko Co (NGO:5343) Overvalued in 2026?
Based on GuruFocus' analysis, Nikko Co stock appears to be overvalued.
The current stock price of 円187.00 is trading 38.8% above its estimated GF Value™ of 円134.77.
GuruFocus considers Nikko Co to be Significantly Overvalued.
Key valuation signals for NGO:5343:
Return-on-Tangible-Equity: 60.31% (294% above median its 10-year median of 15.30)
GF Value™: 円134.77 vs. price of 円187.00 (38.8% above fair value)
Industry Position: 797.5% above the Industrial Products median (#183 of 2969)
No single metric tells the full story. See the NGO:5343 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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