Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nichirin CoTSE:5184 -0.37%83 Return-on-Tangible-Equity is 9.90% as of Dec. 2025, which is 16% below its 10-year median of 11.83. GuruFocus rates TSE:5184 with a GF Score™ of 83/100 and a GF Value™ of 円3,829.99 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,282 Vehicles & Parts companies, Nichirin Co ranks better than 59.13% 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. Nichirin Co's annualized net income for the quarter that ended in Dec. 2025 was 円5,596 Mil. Nichirin Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was 円56,552 Mil. Therefore, Nichirin Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 9.90%.
The historical rank and industry rank for Nichirin Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:5184'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.06 Med: 11.83 Max: 18.32
Current: 10.03
During the past 13 years, Nichirin Co's highest Return-on-Tangible-Equity was 18.32%. The lowest was 7.06%. And the median was 11.83%.
TSE:5184's Return-on-Tangible-Equity is ranked better than 59.13% of 1282
companies
in the Vehicles & Parts industry
Industry Median: 7.545
vs TSE:5184: 10.03
Nichirin Co (TSE:5184) 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.
Nichirin Co Return-on-Tangible-Equity Related Terms
Nichirin Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nichirin 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.
TSE:5184 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Nichirin 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.
Nichirin Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nichirin Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nichirin 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 9.90% mean?
Nichirin Co (TSE:5184) has a Return-on-Tangible-Equity of 9.90% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nichirin Co and its competitors. This is 16% below median its historical median of 11.83. Over the past decade, Nichirin Co's Return-on-Tangible-Equity has ranged from 7.06 to 18.32. According to the industry distribution chart, Nichirin Co ranks #524 out of 1282 companies in the Vehicles & Parts industry, placing it in the top 40.9%.
Is Nichirin Co's Return-on-Tangible-Equity too high?
Nichirin Co's current Return-on-Tangible-Equity of 9.90% is 16% below median its 10-year median of 11.83. Over the past 10 years, this metric has ranged from a low of 7.06 to a high of 18.32. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.55. Nichirin Co's value of 9.90% is 31.2% above this industry median. Based on the distribution chart, Nichirin Co ranks #524 out of 1282 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Nichirin Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichirin Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nichirin Co ranks #524 out of 1282 companies for Return-on-Tangible-Equity. This puts Nichirin Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.55. Nichirin Co's value of 9.90% is 31.2% above this benchmark. Historically, Nichirin Co's own Return-on-Tangible-Equity has ranged from 7.06 to 18.32 over the past decade. While the company's 10-year median is 11.83 vs. the industry median of 7.55, Nichirin 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.55, based on 1,282 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. Nichirin Co's current Return-on-Tangible-Equity of 9.90% is 31.2% 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 Nichirin Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichirin Co's current Return-on-Tangible-Equity is 9.90%, which is 16% below median its own 10-year median of 11.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichirin Co stock overvalued right now?
Based on GuruFocus' analysis, Nichirin Co (TSE:5184) is currently considered Fairly Valued. The stock's GF Value™ is 円3,829.99, compared to a current price of 円4,085.00 — trading 6.7% above its estimated fair value. The current Return-on-Tangible-Equity is 9.90%, which is 16% below median its 10-year median of 11.83 and 31.2% above the Vehicles & Parts industry median of 7.55. Nichirin Co's overall GF Score™ is 83/100 with 4 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 Nichirin Co (TSE:5184), the current Return-on-Tangible-Equity is 9.90% as of Dec. 2025. 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 Nichirin Co (TSE:5184) Overvalued in 2026?
Based on GuruFocus' analysis, Nichirin Co stock appears to be overvalued.
The current stock price of 円4,085.00 is trading 6.7% above its estimated GF Value™ of 円3,829.99.
GuruFocus considers Nichirin Co to be Fairly Valued.
Key valuation signals for TSE:5184:
Return-on-Tangible-Equity: 9.90% (16% below median its 10-year median of 11.83)
GF Value™: 円3,829.99 vs. price of 円4,085.00 (6.7% above fair value)
Industry Position: 31.2% above the Vehicles & Parts median (#524 of 1282)
No single metric tells the full story. See the TSE:5184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichirin Co Ltd is engaged in the manufacturing and selling of automotive hoses, housing hoses, and related parts. The company's products are used in Automobile, Motorcycle, and Residential. Some of them are Brake Hose, Water Hose, Air Conditioning Hose, Power Steering Hose, among others.
83GF Score
Get the complete analysis for TSE:5184
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
TSE:5184 has been successfully added to your 
