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Naikai ZosenTSE:7018 -5.36%71 Return-on-Tangible-Equity is 19.17% as of Mar. 2026, which is 373% above its 10-year median of 4.05. GuruFocus rates TSE:7018 with a GF Score™ of 71/100 and a GF Value™ of 円5,626.94 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 335 Aerospace & Defense companies, Naikai Zosen ranks better than 70.15% 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. Naikai Zosen's annualized net income for the quarter that ended in Mar. 2026 was 円2,432 Mil. Naikai Zosen's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円12,684 Mil. Therefore, Naikai Zosen's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.17%.
The historical rank and industry rank for Naikai Zosen's Return-on-Tangible-Equity or its related term are showing as below:
TSE:7018'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.78 Med: 4.05 Max: 26.58
Current: 19.07
During the past 13 years, Naikai Zosen's highest Return-on-Tangible-Equity was 26.58%. The lowest was -13.78%. And the median was 4.05%.
TSE:7018's Return-on-Tangible-Equity is ranked better than 70.15% of 335
companies
in the Aerospace & Defense industry
Industry Median: 8.1
vs TSE:7018: 19.07
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.
Naikai Zosen Return-on-Tangible-Equity Related Terms
Naikai Zosen Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Naikai Zosen'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:7018 vs SPCX, GE, RTX: Return-on-Tangible-Equity Comparison
For the Aerospace & Defense subindustry, Naikai Zosen'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.
Naikai Zosen Return-on-Tangible-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Naikai Zosen's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Naikai Zosen'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 two times the semi-annual (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 19.17% mean?
Naikai Zosen (TSE:7018) has a Return-on-Tangible-Equity of 19.17% 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 Naikai Zosen and its competitors. This is 373% above median its historical median of 4.05. According to the industry distribution chart, Naikai Zosen ranks #100 out of 335 companies in the Aerospace & Defense industry, placing it in the top 29.9%.
Is Naikai Zosen's Return-on-Tangible-Equity too high?
Naikai Zosen's current Return-on-Tangible-Equity of 19.17% is 373% above median its 10-year median of 4.05. The Aerospace & Defense industry median Return-on-Tangible-Equity is 8.10. Naikai Zosen's value of 19.17% is 136.7% above this industry median. Based on the distribution chart, Naikai Zosen ranks #100 out of 335 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Naikai Zosen has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naikai Zosen's Return-on-Tangible-Equity compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Naikai Zosen ranks #100 out of 335 companies for Return-on-Tangible-Equity. This puts Naikai Zosen in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.10. Naikai Zosen's value of 19.17% is 136.7% above this benchmark. While the company's 10-year median is 4.05 vs. the industry median of 8.10, Naikai Zosen 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 Aerospace & Defense company?
The median Return-on-Tangible-Equity among Aerospace & Defense companies is 8.10, based on 335 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. Naikai Zosen's current Return-on-Tangible-Equity of 19.17% is 136.7% 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 Naikai Zosen and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Equity is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naikai Zosen's current Return-on-Tangible-Equity is 19.17%, which is 373% above median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naikai Zosen stock overvalued right now?
Based on GuruFocus' analysis, Naikai Zosen (TSE:7018) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,626.94, compared to a current price of 円9,540.00 — trading 69.5% above its estimated fair value. The current Return-on-Tangible-Equity is 19.17%, which is 373% above median its 10-year median of 4.05 and 136.7% above the Aerospace & Defense industry median of 8.10. Naikai Zosen's overall GF Score™ is 71/100 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 Naikai Zosen (TSE:7018), the current Return-on-Tangible-Equity is 19.17% 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 Naikai Zosen (TSE:7018) Overvalued in 2026?
Based on GuruFocus' analysis, Naikai Zosen stock appears to be overvalued.
The current stock price of 円9,540.00 is trading 69.5% above its estimated GF Value™ of 円5,626.94.
GuruFocus considers Naikai Zosen to be Significantly Overvalued.
Key valuation signals for TSE:7018:
Return-on-Tangible-Equity: 19.17% (373% above median its 10-year median of 4.05)
GF Value™: 円5,626.94 vs. price of 円9,540.00 (69.5% above fair value)
Industry Position: 136.7% above the Aerospace & Defense median (#100 of 335)
No single metric tells the full story. See the TSE:7018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Naikai Zosen Corp is a shipbuilding company. The company constructs various ships, such as container ships, product tankers, car carriers, bulk carriers, chemical tankers, cargo ships, passenger ferries, and research vessels.
71GF Score
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