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NMS HoldingsTSE:2162 46 Return-on-Tangible-Equity is 21.95% as of Mar. 2026, which is 127% above its 10-year median of 9.68. GuruFocus rates TSE:2162 with a GF Score™ of 46/100 and a GF Value™ of 円335.22 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,387 Hardware companies, NMS Holdings ranks better than 58.44% 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. NMS Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円926 Mil. NMS Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円4,217 Mil. Therefore, NMS Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.95%.
The historical rank and industry rank for NMS Holdings's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2162'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -68.6 Med: 9.68 Max: 32.17
Current: 7.49
During the past 13 years, NMS Holdings's highest Return-on-Tangible-Equity was 32.17%. The lowest was -68.60%. And the median was 9.68%.
TSE:2162's Return-on-Tangible-Equity is ranked better than 58.44% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs TSE:2162: 7.49
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.
NMS Holdings Return-on-Tangible-Equity Related Terms
NMS Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NMS Holdings'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.
TSE:2162 vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, NMS Holdings'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.
NMS Holdings Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, NMS Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NMS Holdings'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 21.95% mean?
NMS Holdings (TSE:2162) has a Return-on-Tangible-Equity of 21.95% 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 NMS Holdings and its competitors. This is 127% above median its historical median of 9.68. According to the industry distribution chart, NMS Holdings ranks #992 out of 2387 companies in the Hardware industry, placing it in the top 41.6%.
Is NMS Holdings' Return-on-Tangible-Equity too high?
NMS Holdings' current Return-on-Tangible-Equity of 21.95% is 127% above median its 10-year median of 9.68. The Hardware industry median Return-on-Tangible-Equity is 5.28. NMS Holdings' value of 21.95% is 315.7% above this industry median. Based on the distribution chart, NMS Holdings ranks #992 out of 2387 companies in the Hardware industry, which is above the industry midpoint. Overall, NMS Holdings has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NMS Holdings' Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, NMS Holdings ranks #992 out of 2387 companies for Return-on-Tangible-Equity. This puts NMS Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.28. NMS Holdings' value of 21.95% is 315.7% above this benchmark. While the company's 10-year median is 9.68 vs. the industry median of 5.28, NMS Holdings 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,387 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. NMS Holdings's current Return-on-Tangible-Equity of 21.95% is 315.7% 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 NMS Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMS Holdings's current Return-on-Tangible-Equity is 21.95%, which is 127% above median its own 10-year median of 9.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMS Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMS Holdings (TSE:2162) is currently considered Significantly Overvalued. The stock's GF Value™ is 円335.22, compared to a current price of 円533.00 — trading 59% above its estimated fair value. The current Return-on-Tangible-Equity is 21.95%, which is 127% above median its 10-year median of 9.68 and 315.7% above the Hardware industry median of 5.28. NMS Holdings' overall GF Score™ is 46/100 with 9 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 NMS Holdings (TSE:2162), the current Return-on-Tangible-Equity is 21.95% 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 NMS Holdings (TSE:2162) Overvalued in 2026?
Based on GuruFocus' analysis, NMS Holdings stock appears to be overvalued.
The current stock price of 円533.00 is trading 59% above its estimated GF Value™ of 円335.22.
GuruFocus considers NMS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:2162:
Return-on-Tangible-Equity: 21.95% (127% above median its 10-year median of 9.68)
GF Value™: 円335.22 vs. price of 円533.00 (59% above fair value)
Industry Position: 315.7% above the Hardware median (#992 of 2387)
No single metric tells the full story. See the TSE:2162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMS Holdings Corp is a Japan-based company. Its business activities are divided into four operating segments including Human resource solution business, Electronics manufacturing service (EMS) business, Vision ( neo EMS ), and Power supply business. The company offers staff members for contract manufacturing, engineer dispatch service, repairs and customer service. Its EMS business offers a wide range of services concerning board assembly through an integrated production process and firm management system. NMS also offers solutions for power supply and power supply-related products.
46GF Score
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