Nissei ASB Machine CoTSE:6284 +1.43%87 Return-on-Tangible-Equity is 19.13% as of Mar. 2026, which is 36% above its 10-year median of 14.02. GuruFocus rates TSE:6284 with a GF Score™ of 87/100 and a GF Value™ of 円6,872.68 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,968 Industrial Products companies, Nissei ASB Machine Co ranks better than 76.55% 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. Nissei ASB Machine Co's annualized net income for the quarter that ended in Mar. 2026 was 円11,540 Mil. Nissei ASB Machine Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円60,323 Mil. Therefore, Nissei ASB Machine Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.13%.
The historical rank and industry rank for Nissei ASB Machine Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6284'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.59 Med: 14.02 Max: 20.45
Current: 14.62
During the past 13 years, Nissei ASB Machine Co's highest Return-on-Tangible-Equity was 20.45%. The lowest was 10.59%. And the median was 14.02%.
TSE:6284's Return-on-Tangible-Equity is ranked better than 76.55% of 2968
companies
in the Industrial Products industry
Industry Median: 6.725
vs TSE:6284: 14.62
Nissei ASB Machine Co (TSE:6284) 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.
Nissei ASB Machine Co Return-on-Tangible-Equity Related Terms
Nissei ASB Machine Co Return-on-Tangible-Equity Historical Data
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The historical data trend for Nissei ASB Machine 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.
Nissei ASB Machine Co Return-on-Tangible-Equity Chart
TSE:6284 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Nissei ASB Machine 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.
Nissei ASB Machine Co Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nissei ASB Machine Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nissei ASB Machine 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 19.13% mean?
Nissei ASB Machine Co (TSE:6284) has a Return-on-Tangible-Equity of 19.13% 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 Nissei ASB Machine Co and its competitors. This is 36% above median its historical median of 14.02. Over the past decade, Nissei ASB Machine Co's Return-on-Tangible-Equity has ranged from 10.59 to 20.45. According to the industry distribution chart, Nissei ASB Machine Co ranks #696 out of 2968 companies in the Industrial Products industry, placing it in the top 23.5%.
Is Nissei ASB Machine Co's Return-on-Tangible-Equity too high?
Nissei ASB Machine Co's current Return-on-Tangible-Equity of 19.13% is 36% above median its 10-year median of 14.02. Over the past 10 years, this metric has ranged from a low of 10.59 to a high of 20.45. The Industrial Products industry median Return-on-Tangible-Equity is 6.73. Nissei ASB Machine Co's value of 19.13% is 184.5% above this industry median. Based on the distribution chart, Nissei ASB Machine Co ranks #696 out of 2968 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nissei ASB Machine Co has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nissei ASB Machine Co's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nissei ASB Machine Co ranks #696 out of 2968 companies for Return-on-Tangible-Equity. This places Nissei ASB Machine Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. Nissei ASB Machine Co's value of 19.13% is 184.5% above this benchmark. Historically, Nissei ASB Machine Co's own Return-on-Tangible-Equity has ranged from 10.59 to 20.45 over the past decade. While the company's 10-year median is 14.02 vs. the industry median of 6.73, Nissei ASB Machine 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.73, based on 2,968 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. Nissei ASB Machine Co's current Return-on-Tangible-Equity of 19.13% is 184.5% 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 Nissei ASB Machine Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissei ASB Machine Co's current Return-on-Tangible-Equity is 19.13%, which is 36% above median its own 10-year median of 14.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissei ASB Machine Co stock overvalued right now?
Based on GuruFocus' analysis, Nissei ASB Machine Co (TSE:6284) is currently considered Significantly Overvalued. The stock's GF Value™ is 円6,872.68, compared to a current price of 円9,900.00 — trading 44% above its estimated fair value. The current Return-on-Tangible-Equity is 19.13%, which is 36% above median its 10-year median of 14.02 and 184.5% above the Industrial Products industry median of 6.73. Nissei ASB Machine Co's overall GF Score™ is 87/100 with 5 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 Nissei ASB Machine Co (TSE:6284), the current Return-on-Tangible-Equity is 19.13% 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 Nissei ASB Machine Co (TSE:6284) Overvalued in 2026?
Based on GuruFocus' analysis, Nissei ASB Machine Co stock appears to be overvalued.
The current stock price of 円9,900.00 is trading 44% above its estimated GF Value™ of 円6,872.68.
GuruFocus considers Nissei ASB Machine Co to be Significantly Overvalued.
Key valuation signals for TSE:6284:
Return-on-Tangible-Equity: 19.13% (36% above median its 10-year median of 14.02)
GF Value™: 円6,872.68 vs. price of 円9,900.00 (44% above fair value)
Industry Position: 184.5% above the Industrial Products median (#696 of 2968)
No single metric tells the full story. See the TSE:6284 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nissei ASB Machine Co Ltd manufactures and sells stretch blow molding machines for PET and other plastic bottles. Its products include one-step stretch blow molding, perform molding, and heat-resistant blow molding machines, among others.
87GF Score
Get the complete analysis for TSE:6284
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