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Shin Nippon Air Technologies CoTSE:1952 +2.19%83 Return-on-Tangible-Equity is 26.25% as of Mar. 2026, which is 154% above its 10-year median of 10.32. GuruFocus rates TSE:1952 with a GF Score™ of 83/100 and a GF Value™ of 円2,361.40 (Significantly Overvalued). Among 1,711 Construction companies, Shin Nippon Air Technologies Co ranks better than 72.3% 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. Shin Nippon Air Technologies Co's annualized net income for the quarter that ended in Mar. 2026 was 円20,452 Mil. Shin Nippon Air Technologies Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円77,927 Mil. Therefore, Shin Nippon Air Technologies Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.25%.
The historical rank and industry rank for Shin Nippon Air Technologies Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:1952'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.3 Med: 10.32 Max: 16.75
Current: 16.75
During the past 13 years, Shin Nippon Air Technologies Co's highest Return-on-Tangible-Equity was 16.75%. The lowest was 7.30%. And the median was 10.32%.
TSE:1952's Return-on-Tangible-Equity is ranked better than 72.3% of 1711
companies
in the Construction industry
Industry Median: 8.21
vs TSE:1952: 16.75
Shin Nippon Air Technologies Co (TSE:1952) 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.
Shin Nippon Air Technologies Co Return-on-Tangible-Equity Related Terms
Shin Nippon Air Technologies Co Return-on-Tangible-Equity Historical Data
* 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.
Shin Nippon Air Technologies Co Return-on-Tangible-Equity Chart
TSE:1952 vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Shin Nippon Air Technologies 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.
Shin Nippon Air Technologies Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Shin Nippon Air Technologies Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shin Nippon Air Technologies 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 26.25% mean?
Shin Nippon Air Technologies Co (TSE:1952) has a Return-on-Tangible-Equity of 26.25% 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 Shin Nippon Air Technologies Co and its competitors. This is 154% above median its historical median of 10.32. Over the past decade, Shin Nippon Air Technologies Co's Return-on-Tangible-Equity has ranged from 7.30 to 16.75. According to the industry distribution chart, Shin Nippon Air Technologies Co ranks #474 out of 1711 companies in the Construction industry, placing it in the top 27.7%.
Is Shin Nippon Air Technologies Co's Return-on-Tangible-Equity too high?
Shin Nippon Air Technologies Co's current Return-on-Tangible-Equity of 26.25% is 154% above median its 10-year median of 10.32. Over the past 10 years, this metric has ranged from a low of 7.30 to a high of 16.75. The Construction industry median Return-on-Tangible-Equity is 8.21. Shin Nippon Air Technologies Co's value of 26.25% is 219.7% above this industry median. Based on the distribution chart, Shin Nippon Air Technologies Co ranks #474 out of 1711 companies in the Construction industry, which is above the industry midpoint. Overall, Shin Nippon Air Technologies Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shin Nippon Air Technologies Co's Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Shin Nippon Air Technologies Co ranks #474 out of 1711 companies for Return-on-Tangible-Equity. This puts Shin Nippon Air Technologies Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Shin Nippon Air Technologies Co's value of 26.25% is 219.7% above this benchmark. Historically, Shin Nippon Air Technologies Co's own Return-on-Tangible-Equity has ranged from 7.30 to 16.75 over the past decade. While the company's 10-year median is 10.32 vs. the industry median of 8.21, Shin Nippon Air Technologies 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 1,711 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. Shin Nippon Air Technologies Co's current Return-on-Tangible-Equity of 26.25% is 219.7% 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 Shin Nippon Air Technologies 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. Shin Nippon Air Technologies Co's current Return-on-Tangible-Equity is 26.25%, which is 154% above median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Nippon Air Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Nippon Air Technologies Co (TSE:1952) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,361.40, compared to a current price of 円3,270.00 — trading 38.5% above its estimated fair value. The current Return-on-Tangible-Equity is 26.25%, which is 154% above median its 10-year median of 10.32 and 219.7% above the Construction industry median of 8.21. Shin Nippon Air Technologies Co's overall GF Score™ is 83/100. 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 Shin Nippon Air Technologies Co (TSE:1952), the current Return-on-Tangible-Equity is 26.25% 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 Shin Nippon Air Technologies Co (TSE:1952) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Nippon Air Technologies Co stock appears to be overvalued.
The current stock price of 円3,270.00 is trading 38.5% above its estimated GF Value™ of 円2,361.40.
GuruFocus considers Shin Nippon Air Technologies Co to be Significantly Overvalued.
Key valuation signals for TSE:1952:
Return-on-Tangible-Equity: 26.25% (154% above median its 10-year median of 10.32)
GF Value™: 円2,361.40 vs. price of 円3,270.00 (38.5% above fair value)
Industry Position: 219.7% above the Construction median (#474 of 1711)
No single metric tells the full story. See the TSE:1952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Nippon Air Technologies Co Ltd engages in the design, installation, management, and contract work for air conditioning systems, ventilation, environmental protection, temperature and humidity adjustment, dust removal, disinfection, water supply and drainage, sanitation equipment, and electrical equipment.
83GF Score
Get the complete analysis for TSE:1952
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