Chubu Steel Plate CoNGO:5461 73 Return-on-Tangible-Equity is 2.23% as of Mar. 2026, which is 43% below its 10-year median of 3.91. GuruFocus rates NGO:5461 with a GF Score™ of 73/100 and a GF Value™ of 円1,860.85. The stock has 6 warning signs investors should review. Among 615 Steel companies, Chubu Steel Plate Co ranks worse than 60.65% 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. Chubu Steel Plate Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,668 Mil. Chubu Steel Plate Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円74,740 Mil. Therefore, Chubu Steel Plate Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.23%.
The historical rank and industry rank for Chubu Steel Plate Co's Return-on-Tangible-Equity or its related term are showing as below:
NGO:5461'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.7 Med: 3.91 Max: 12.43
Current: 1.7
During the past 13 years, Chubu Steel Plate Co's highest Return-on-Tangible-Equity was 12.43%. The lowest was 1.70%. And the median was 3.91%.
NGO:5461's Return-on-Tangible-Equity is ranked worse than 60.65% of 615
companies
in the Steel industry
Industry Median: 3.97
vs NGO:5461: 1.70
Chubu Steel Plate Co (NGO:5461) 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.
Chubu Steel Plate Co Return-on-Tangible-Equity Related Terms
Chubu Steel Plate Co Return-on-Tangible-Equity Historical Data
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The historical data trend for Chubu Steel Plate 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.
Chubu Steel Plate Co Return-on-Tangible-Equity Chart
NGO:5461 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Chubu Steel Plate 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.
Chubu Steel Plate Co Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Chubu Steel Plate Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chubu Steel Plate 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 2.23% mean?
Chubu Steel Plate Co (NGO:5461) has a Return-on-Tangible-Equity of 2.23% 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 Chubu Steel Plate Co and its competitors. This is 43% below median its historical median of 3.91. Over the past decade, Chubu Steel Plate Co's Return-on-Tangible-Equity has ranged from 1.70 to 12.43. According to the industry distribution chart, Chubu Steel Plate Co ranks #373 out of 615 companies in the Steel industry, placing it in the top 60.7%.
Is Chubu Steel Plate Co's Return-on-Tangible-Equity too high?
Chubu Steel Plate Co's current Return-on-Tangible-Equity of 2.23% is 43% below median its 10-year median of 3.91. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 12.43. The Steel industry median Return-on-Tangible-Equity is 3.97. Chubu Steel Plate Co's value of 2.23% is 43.8% below this industry median. Based on the distribution chart, Chubu Steel Plate Co ranks #373 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, Chubu Steel Plate Co has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Chubu Steel Plate Co's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Chubu Steel Plate Co ranks #373 out of 615 companies for Return-on-Tangible-Equity. This places Chubu Steel Plate Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 3.97. Chubu Steel Plate Co's value of 2.23% is 43.8% below this benchmark. Historically, Chubu Steel Plate Co's own Return-on-Tangible-Equity has ranged from 1.70 to 12.43 over the past decade. While the company's 10-year median is 3.91 vs. the industry median of 3.97, Chubu Steel Plate Co 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 3.97, 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. Chubu Steel Plate Co's current Return-on-Tangible-Equity of 2.23% is 43.8% 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 Chubu Steel Plate 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. Chubu Steel Plate Co's current Return-on-Tangible-Equity is 2.23%, which is 43% below median its own 10-year median of 3.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chubu Steel Plate Co stock overvalued right now?
Chubu Steel Plate Co (NGO:5461) has a current Return-on-Tangible-Equity of 2.23%. The stock's GF Value™ is 円1,860.85, compared to a current price of 円2,082.00 — trading 11.9% above its estimated fair value. The current Return-on-Tangible-Equity is 2.23%, which is 43% below median its 10-year median of 3.91 and 43.8% below the Steel industry median of 3.97. Chubu Steel Plate Co's overall GF Score™ is 73/100 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 Chubu Steel Plate Co (NGO:5461), the current Return-on-Tangible-Equity is 2.23% 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 Chubu Steel Plate Co (NGO:5461) Overvalued in 2026?
Based on GuruFocus' analysis, Chubu Steel Plate Co stock appears to be overvalued.
The current stock price of 円2,082.00 is trading 11.9% above its estimated GF Value™ of 円1,860.85.
Key valuation signals for NGO:5461:
Return-on-Tangible-Equity: 2.23% (43% below median its 10-year median of 3.91)
GF Value™: 円1,860.85 vs. price of 円2,082.00 (11.9% above fair value)
Industry Position: 43.8% below the Steel median (#373 of 615)
No single metric tells the full story. See the NGO:5461 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chubu Steel Plate Co Ltd engages in the manufacture and sale of thick steel sheets and pieces, and the cutting of steel plates in Japan. The company's segment includes Steel-related business, Rental Business, Logistics business, and Engineering Business. The company generates the majority of its revenue from Steel-related business, which manufactures and sells thick steel plate products using electric furnaces.
73GF Score
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