ShinMaywa IndustriesSHMWF 77 Return-on-Tangible-Equity is 17.34% as of Mar. 2026, which is 120% above its 10-year median of 7.89. GuruFocus rates SHMWF with a GF Score™ of 77/100 and a GF Value™ of $9.04 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 549 Conglomerates companies, ShinMaywa Industries ranks better than 60.84% 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. ShinMaywa Industries's annualized net income for the quarter that ended in Mar. 2026 was $130 Mil. ShinMaywa Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $751 Mil. Therefore, ShinMaywa Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.34%.
The historical rank and industry rank for ShinMaywa Industries's Return-on-Tangible-Equity or its related term are showing as below:
SHMWF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.95 Med: 7.89 Max: 10.2
Current: 10.2
During the past 13 years, ShinMaywa Industries's highest Return-on-Tangible-Equity was 10.20%. The lowest was 5.95%. And the median was 7.89%.
SHMWF's Return-on-Tangible-Equity is ranked better than 60.84% of 549
companies
in the Conglomerates industry
Industry Median: 7.44
vs SHMWF: 10.20
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.
ShinMaywa Industries Return-on-Tangible-Equity Related Terms
ShinMaywa Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ShinMaywa Industries'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.
SHMWF vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, ShinMaywa Industries'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.
ShinMaywa Industries Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ShinMaywa Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ShinMaywa Industries'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 17.34% mean?
ShinMaywa Industries (SHMWF) has a Return-on-Tangible-Equity of 17.34% 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 ShinMaywa Industries and its competitors. This is 120% above median its historical median of 7.89. Over the past decade, ShinMaywa Industries' Return-on-Tangible-Equity has ranged from 5.95 to 10.20. According to the industry distribution chart, ShinMaywa Industries ranks #215 out of 549 companies in the Conglomerates industry, placing it in the top 39.2%.
Is ShinMaywa Industries' Return-on-Tangible-Equity too high?
ShinMaywa Industries' current Return-on-Tangible-Equity of 17.34% is 120% above median its 10-year median of 7.89. Over the past 10 years, this metric has ranged from a low of 5.95 to a high of 10.20. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. ShinMaywa Industries' value of 17.34% is 133.1% above this industry median. Based on the distribution chart, ShinMaywa Industries ranks #215 out of 549 companies in the Conglomerates industry, which is above the industry midpoint. Overall, ShinMaywa Industries has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ShinMaywa Industries' Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, ShinMaywa Industries ranks #215 out of 549 companies for Return-on-Tangible-Equity. This puts ShinMaywa Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.44. ShinMaywa Industries' value of 17.34% is 133.1% above this benchmark. Historically, ShinMaywa Industries' own Return-on-Tangible-Equity has ranged from 5.95 to 10.20 over the past decade. While the company's 10-year median is 7.89 vs. the industry median of 7.44, ShinMaywa Industries 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 549 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. ShinMaywa Industries's current Return-on-Tangible-Equity of 17.34% is 133.1% 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 ShinMaywa Industries 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. ShinMaywa Industries's current Return-on-Tangible-Equity is 17.34%, which is 120% above median its own 10-year median of 7.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShinMaywa Industries stock overvalued right now?
Based on GuruFocus' analysis, ShinMaywa Industries (SHMWF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.04, compared to a current price of $13.30 — trading 47.1% above its estimated fair value. The current Return-on-Tangible-Equity is 17.34%, which is 120% above median its 10-year median of 7.89 and 133.1% above the Conglomerates industry median of 7.44. ShinMaywa Industries' overall GF Score™ is 77/100 with 1 warning sign 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 ShinMaywa Industries (SHMWF), the current Return-on-Tangible-Equity is 17.34% 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 ShinMaywa Industries (SHMWF) Overvalued in 2026?
Based on GuruFocus' analysis, ShinMaywa Industries stock appears to be overvalued.
The current stock price of $13.30 is trading 47.1% above its estimated GF Value™ of $9.04.
GuruFocus considers ShinMaywa Industries to be Significantly Overvalued.
Key valuation signals for SHMWF:
Return-on-Tangible-Equity: 17.34% (120% above median its 10-year median of 7.89)
GF Value™: $9.04 vs. price of $13.30 (47.1% above fair value)
Industry Position: 133.1% above the Conglomerates median (#215 of 549)
No single metric tells the full story. See the SHMWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.
77GF Score
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