Nippon Sheet Glass CoNPSGY -5.00%63 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates NPSGY with a GF Score™ of 63/100 and a GF Value™ of $2.28 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Nippon Sheet Glass Co ranks better than 99.92% 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. Nippon Sheet Glass Co's annualized net income for the quarter that ended in Mar. 2026 was $241 Mil. Nippon Sheet Glass Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-36 Mil. Therefore, Nippon Sheet Glass Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Nippon Sheet Glass Co's Return-on-Tangible-Equity or its related term are showing as below:
NPSGY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
NPSGY's Return-on-Tangible-Equity is ranked better than 99.92% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.49
vs NPSGY: Negative Tangible Equity
Nippon Sheet Glass Co (OTCPK:NPSGY) 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.
Nippon Sheet Glass Co Return-on-Tangible-Equity Related Terms
Nippon Sheet Glass Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nippon Sheet Glass 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.
Nippon Sheet Glass Co Return-on-Tangible-Equity Chart
NPSGY vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Nippon Sheet Glass 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.
Nippon Sheet Glass Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Sheet Glass Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Sheet Glass 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 Negative Tangible Equity% mean?
Nippon Sheet Glass Co (NPSGY) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Nippon Sheet Glass Co and its competitors. According to the industry distribution chart, Nippon Sheet Glass Co ranks #1 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 0.099999999999994%.
Is Nippon Sheet Glass Co's Return-on-Tangible-Equity too high?
Nippon Sheet Glass Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Nippon Sheet Glass Co ranks #1 out of 1283 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Sheet Glass Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Sheet Glass Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nippon Sheet Glass Co ranks #1 out of 1283 companies for Return-on-Tangible-Equity. This places Nippon Sheet Glass Co in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.49. 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 7.49, based on 1,283 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. 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 Nippon Sheet Glass Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Sheet Glass Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Sheet Glass Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Sheet Glass Co (NPSGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.28, compared to a current price of $2.85 — trading 25% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Nippon Sheet Glass Co's overall GF Score™ is 63/100 with 11 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 Nippon Sheet Glass Co (NPSGY), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Nippon Sheet Glass Co (NPSGY) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Sheet Glass Co stock appears to be overvalued.
The current stock price of $2.85 is trading 25% above its estimated GF Value™ of $2.28.
GuruFocus considers Nippon Sheet Glass Co to be Modestly Overvalued.
No single metric tells the full story. See the NPSGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.
63GF Score
Get the complete analysis for NPSGY
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NPSGY has been successfully added to your 
