Seiyu kogyo Co (NGO:9170) Return-on-Tangible-Equity: 17.77% (As of Mar. 2026) — 89% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGO:9170 Seiyu kogyo Co Ltd NGO:9170
19 GF Score
Price 円1,729.00
GF Value 円869.86
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Seiyu kogyo Co Return-on-Tangible-Equity?

Seiyu kogyo Co NGO:9170 +6.40% 19 Return-on-Tangible-Equity is 17.77% as of Mar. 2026, which is 89% above its 10-year median of 9.38. GuruFocus rates NGO:9170 with a GF Score™ of 19/100 and a GF Value™ of 円869.86 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,712 Construction companies, Seiyu kogyo Co ranks better than 70.09% 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. Seiyu kogyo Co's annualized net income for the quarter that ended in Mar. 2026 was 円841 Mil. Seiyu kogyo Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円4,730 Mil. Therefore, Seiyu kogyo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.77%.

The historical rank and industry rank for Seiyu kogyo Co's Return-on-Tangible-Equity or its related term are showing as below:

NGO:9170' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.83   Med: 9.38   Max: 15.31
Current: 15.31

During the past 5 years, Seiyu kogyo Co's highest Return-on-Tangible-Equity was 15.31%. The lowest was 6.83%. And the median was 9.38%.

NGO:9170's Return-on-Tangible-Equity is ranked better than
70.09% of 1712 companies
in the Construction industry
Industry Median: 8.21 vs NGO:9170: 15.31

Seiyu kogyo Co  (NGO:9170) 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.


Seiyu kogyo Co Return-on-Tangible-Equity Related Terms


Seiyu kogyo Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Seiyu kogyo 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.

Seiyu kogyo Co Return-on-Tangible-Equity Chart

Seiyu kogyo Co Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Equity
6.83 7.82 9.38 12.08 14.24

Seiyu kogyo Co Semi-Annual Data
Sep21 Sep22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial 17.76 5.56 16.29 12.64 17.77

NGO:9170 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison

For the Engineering & Construction subindustry, Seiyu kogyo 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.


Seiyu kogyo Co Return-on-Tangible-Equity vs Construction Industry

For the Construction industry and Industrials sector, Seiyu kogyo Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Seiyu kogyo Co's Return-on-Tangible-Equity falls into.


NGO:9170
19GF Score
Seiyu kogyo Co Ltd NGO:9170
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seiyu kogyo Co Return-on-Tangible-Equity Calculation

Seiyu kogyo Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=603.291/( (3943.606+4527.859 )/ 2 )
=603.291/4235.7325
=14.24 %

Seiyu kogyo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=840.678/( (4527.859+4932.733)/ 2 )
=840.678/4730.296
=17.77 %

* 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 17.77% mean?
Seiyu kogyo Co (NGO:9170) has a Return-on-Tangible-Equity of 17.77% 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 Seiyu kogyo Co and its competitors. This is 89% above median its historical median of 9.38. Over the past decade, Seiyu kogyo Co's Return-on-Tangible-Equity has ranged from 6.83 to 15.31. According to the industry distribution chart, Seiyu kogyo Co ranks #512 out of 1712 companies in the Construction industry, placing it in the top 29.9%.
Is Seiyu kogyo Co's Return-on-Tangible-Equity too high?
Seiyu kogyo Co's current Return-on-Tangible-Equity of 17.77% is 89% above median its 10-year median of 9.38. Over the past 10 years, this metric has ranged from a low of 6.83 to a high of 15.31. The Construction industry median Return-on-Tangible-Equity is 8.21. Seiyu kogyo Co's value of 17.77% is 116.4% above this industry median. Based on the distribution chart, Seiyu kogyo Co ranks #512 out of 1712 companies in the Construction industry, which is above the industry midpoint. Overall, Seiyu kogyo Co has a GF Score™ of 19/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seiyu kogyo Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Seiyu kogyo Co ranks #512 out of 1712 companies for Return-on-Tangible-Equity. This puts Seiyu kogyo Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Seiyu kogyo Co's value of 17.77% is 116.4% above this benchmark. Historically, Seiyu kogyo Co's own Return-on-Tangible-Equity has ranged from 6.83 to 15.31 over the past decade. While the company's 10-year median is 9.38 vs. the industry median of 8.21, Seiyu kogyo 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,712 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. Seiyu kogyo Co's current Return-on-Tangible-Equity of 17.77% is 116.4% 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 Seiyu kogyo Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seiyu kogyo Co's current Return-on-Tangible-Equity is 17.77%, which is 89% above median its own 10-year median of 9.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seiyu kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Seiyu kogyo Co (NGO:9170) is currently considered Significantly Overvalued. The stock's GF Value™ is 円869.86, compared to a current price of 円1,729.00 — trading 98.8% above its estimated fair value. The current Return-on-Tangible-Equity is 17.77%, which is 89% above median its 10-year median of 9.38 and 116.4% above the Construction industry median of 8.21. Seiyu kogyo Co's overall GF Score™ is 19/100 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 Seiyu kogyo Co (NGO:9170), the current Return-on-Tangible-Equity is 17.77% 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 Seiyu kogyo Co (NGO:9170) Overvalued in 2026?

Based on GuruFocus' analysis, Seiyu kogyo Co stock appears to be overvalued. The current stock price of 円1,729.00 is trading 98.8% above its estimated GF Value™ of 円869.86. GuruFocus considers Seiyu kogyo Co to be Significantly Overvalued.

Key valuation signals for NGO:9170:

  • Return-on-Tangible-Equity: 17.77% (89% above median its 10-year median of 9.38)
  • GF Value™: 円869.86 vs. price of 円1,729.00 (98.8% above fair value)
  • GF Score™: 19/100 with 3 warning signs
  • Industry Position: 116.4% above the Construction median (#512 of 1712)

No single metric tells the full story. See the NGO:9170 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seiyu kogyo Co Business Description

Address 1141-1 Kusabana, Akiruno City, Tokyo, JPN
Seiyu kogyo Co Ltd is engaged in the business of construction work, Industrial waste treatment, Contaminated soil treatment, Transportation business, and Recycled construction materials production and sales business.
19GF Score

Get the complete analysis for NGO:9170

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,729.00
Price
円869.86
GF Value