NichiasNICFF 70 Return-on-Tangible-Equity is 17.98% as of Mar. 2026, which is 25% above its 10-year median of 14.41. GuruFocus rates NICFF with a GF Score™ of 70/100 and a GF Value™ of $11.55 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 551 Conglomerates companies, Nichias ranks better than 72.6% 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. Nichias's annualized net income for the quarter that ended in Mar. 2026 was $263 Mil. Nichias's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,462 Mil. Therefore, Nichias's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.98%.
The historical rank and industry rank for Nichias's Return-on-Tangible-Equity or its related term are showing as below:
NICFF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.27 Med: 14.41 Max: 15.57
Current: 14.29
During the past 13 years, Nichias's highest Return-on-Tangible-Equity was 15.57%. The lowest was 8.27%. And the median was 14.41%.
NICFF's Return-on-Tangible-Equity is ranked better than 72.6% of 551
companies
in the Conglomerates industry
Industry Median: 7.44
vs NICFF: 14.29
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.
Nichias Return-on-Tangible-Equity Related Terms
Nichias Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nichias'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.
NICFF vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Nichias'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.
Nichias Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Nichias's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nichias'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 17.98% mean?
Nichias (NICFF) has a Return-on-Tangible-Equity of 17.98% 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 Nichias and its competitors. This is 25% above median its historical median of 14.41. Over the past decade, Nichias' Return-on-Tangible-Equity has ranged from 8.27 to 15.57. According to the industry distribution chart, Nichias ranks #151 out of 551 companies in the Conglomerates industry, placing it in the top 27.4%.
Is Nichias' Return-on-Tangible-Equity too high?
Nichias' current Return-on-Tangible-Equity of 17.98% is 25% above median its 10-year median of 14.41. Over the past 10 years, this metric has ranged from a low of 8.27 to a high of 15.57. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. Nichias' value of 17.98% is 141.7% above this industry median. Based on the distribution chart, Nichias ranks #151 out of 551 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Nichias has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichias' Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nichias ranks #151 out of 551 companies for Return-on-Tangible-Equity. This puts Nichias in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.44. Nichias' value of 17.98% is 141.7% above this benchmark. Historically, Nichias' own Return-on-Tangible-Equity has ranged from 8.27 to 15.57 over the past decade. While the company's 10-year median is 14.41 vs. the industry median of 7.44, Nichias 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 551 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. Nichias's current Return-on-Tangible-Equity of 17.98% is 141.7% 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 Nichias and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichias's current Return-on-Tangible-Equity is 17.98%, which is 25% above median its own 10-year median of 14.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichias stock overvalued right now?
Based on GuruFocus' analysis, Nichias (NICFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.55, compared to a current price of $22.13 — trading 91.6% above its estimated fair value. The current Return-on-Tangible-Equity is 17.98%, which is 25% above median its 10-year median of 14.41 and 141.7% above the Conglomerates industry median of 7.44. Nichias' overall GF Score™ is 70/100 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 Nichias (NICFF), the current Return-on-Tangible-Equity is 17.98% 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 Nichias (NICFF) Overvalued in 2026?
Based on GuruFocus' analysis, Nichias stock appears to be overvalued.
The current stock price of $22.13 is trading 91.6% above its estimated GF Value™ of $11.55.
GuruFocus considers Nichias to be Significantly Overvalued.
Key valuation signals for NICFF:
Return-on-Tangible-Equity: 17.98% (25% above median its 10-year median of 14.41)
GF Value™: $11.55 vs. price of $22.13 (91.6% above fair value)
Industry Position: 141.7% above the Conglomerates median (#151 of 551)
No single metric tells the full story. See the NICFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichias Corp is engaged in the development, manufacturing, and sale of a wide range of thermal insulation and industrial materials. The company operates through five reportable segments: Construction and Sales for Plants, Industrial Products, High-Performance Products, Automotive Parts, and Construction Materials. Its business activities include providing thermal insulation and disaster prevention works for electric power and petrochemical plants, as well as producing sealing materials, fluoroplastic molding products, and non-combustible building materials for industrial and infrastructure applications. It generates the majority of its revenue from the Construction and Sales for Plants segment.
70GF Score
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