NHK Spring CoNHKGF 72 Return-on-Tangible-Equity is 2.51% as of Mar. 2026, which is 64% below its 10-year median of 6.95. GuruFocus rates NHKGF with a GF Score™ of 72/100 and a GF Value™ of $12.13 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,285 Vehicles & Parts companies, NHK Spring Co ranks worse than 53.46% 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. NHK Spring Co's annualized net income for the quarter that ended in Mar. 2026 was $68 Mil. NHK Spring Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2,717 Mil. Therefore, NHK Spring Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.51%.
The historical rank and industry rank for NHK Spring Co's Return-on-Tangible-Equity or its related term are showing as below:
NHKGF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.69 Med: 6.95 Max: 11.95
Current: 6.77
During the past 13 years, NHK Spring Co's highest Return-on-Tangible-Equity was 11.95%. The lowest was 1.69%. And the median was 6.95%.
NHKGF's Return-on-Tangible-Equity is ranked worse than 53.46% of 1285
companies
in the Vehicles & Parts industry
Industry Median: 7.51
vs NHKGF: 6.77
NHK Spring Co (OTCPK:NHKGF) 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.
NHK Spring Co Return-on-Tangible-Equity Related Terms
NHK Spring Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NHK Spring 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.
NHKGF vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, NHK Spring 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.
NHK Spring Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NHK Spring Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NHK Spring 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 2.51% mean?
NHK Spring Co (NHKGF) has a Return-on-Tangible-Equity of 2.51% 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 NHK Spring Co and its competitors. This is 64% below median its historical median of 6.95. Over the past decade, NHK Spring Co's Return-on-Tangible-Equity has ranged from 1.69 to 11.95. According to the industry distribution chart, NHK Spring Co ranks #687 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 53.5%.
Is NHK Spring Co's Return-on-Tangible-Equity too high?
NHK Spring Co's current Return-on-Tangible-Equity of 2.51% is 64% below median its 10-year median of 6.95. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 11.95. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.51. NHK Spring Co's value of 2.51% is 66.6% below this industry median. Based on the distribution chart, NHK Spring Co ranks #687 out of 1285 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, NHK Spring Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NHK Spring Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NHK Spring Co ranks #687 out of 1285 companies for Return-on-Tangible-Equity. This places NHK Spring Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.51. NHK Spring Co's value of 2.51% is 66.6% below this benchmark. Historically, NHK Spring Co's own Return-on-Tangible-Equity has ranged from 1.69 to 11.95 over the past decade. While the company's 10-year median is 6.95 vs. the industry median of 7.51, NHK Spring 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.51, based on 1,285 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. NHK Spring Co's current Return-on-Tangible-Equity of 2.51% is 66.6% 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 NHK Spring Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NHK Spring Co's current Return-on-Tangible-Equity is 2.51%, which is 64% below median its own 10-year median of 6.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NHK Spring Co stock overvalued right now?
Based on GuruFocus' analysis, NHK Spring Co (NHKGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.13, compared to a current price of $24.51 — trading 102.1% above its estimated fair value. The current Return-on-Tangible-Equity is 2.51%, which is 64% below median its 10-year median of 6.95 and 66.6% below the Vehicles & Parts industry median of 7.51. NHK Spring Co's overall GF Score™ is 72/100 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 NHK Spring Co (NHKGF), the current Return-on-Tangible-Equity is 2.51% 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 NHK Spring Co (NHKGF) Overvalued in 2026?
Based on GuruFocus' analysis, NHK Spring Co stock appears to be overvalued.
The current stock price of $24.51 is trading 102.1% above its estimated GF Value™ of $12.13.
GuruFocus considers NHK Spring Co to be Significantly Overvalued.
Key valuation signals for NHKGF:
Return-on-Tangible-Equity: 2.51% (64% below median its 10-year median of 6.95)
GF Value™: $12.13 vs. price of $24.51 (102.1% above fair value)
Industry Position: 66.6% below the Vehicles & Parts median (#687 of 1285)
No single metric tells the full story. See the NHKGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company operates through five segments. The Disc drive suspension (DDS) segment covers disc drive suspension products. The Industrial Equipment segment includes semiconductor process parts, ceramic products, spring mechanisms, piping support devices, parking devices, and other equipment. The Precision Parts segment handles HDD components, wire, and thin plate springs, motor cores, probe units, fasteners, and other precision products. The Sheet segment provides automobile seats, seat mechanisms, and interior parts, while the Suspension Spring segment offers coil springs, leaf springs, stabilizers, accumulators, torsion bars, and related components.
72GF Score
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