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MeiwaTSE:8103 -1.63%74 Return-on-Tangible-Equity is 12.39% as of Mar. 2026, which is 78% above its 10-year median of 6.95. GuruFocus rates TSE:8103 with a GF Score™ of 74/100 and a GF Value™ of 円757.89 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 157 Industrial Distribution companies, Meiwa ranks worse than 52.87% 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. Meiwa's annualized net income for the quarter that ended in Mar. 2026 was 円4,788 Mil. Meiwa's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円38,630 Mil. Therefore, Meiwa's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.39%.
The historical rank and industry rank for Meiwa's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8103'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.7 Med: 6.95 Max: 8.97
Current: 8.97
During the past 13 years, Meiwa's highest Return-on-Tangible-Equity was 8.97%. The lowest was 3.70%. And the median was 6.95%.
TSE:8103's Return-on-Tangible-Equity is ranked worse than 52.87% of 157
companies
in the Industrial Distribution industry
Industry Median: 9.52
vs TSE:8103: 8.97
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.
Meiwa Return-on-Tangible-Equity Related Terms
Meiwa Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Meiwa'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:8103 vs GWW, FAST, FERG: Return-on-Tangible-Equity Comparison
For the Industrial Distribution subindustry, Meiwa'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.
Meiwa Return-on-Tangible-Equity vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Meiwa's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Meiwa'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 12.39% mean?
Meiwa (TSE:8103) has a Return-on-Tangible-Equity of 12.39% 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 Meiwa and its competitors. This is 78% above median its historical median of 6.95. Over the past decade, Meiwa's Return-on-Tangible-Equity has ranged from 3.70 to 8.97. According to the industry distribution chart, Meiwa ranks #83 out of 157 companies in the Industrial Distribution industry, placing it in the top 52.9%.
Is Meiwa's Return-on-Tangible-Equity too high?
Meiwa's current Return-on-Tangible-Equity of 12.39% is 78% above median its 10-year median of 6.95. Over the past 10 years, this metric has ranged from a low of 3.70 to a high of 8.97. The Industrial Distribution industry median Return-on-Tangible-Equity is 9.52. Meiwa's value of 12.39% is 30.1% above this industry median. Based on the distribution chart, Meiwa ranks #83 out of 157 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Meiwa has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiwa's Return-on-Tangible-Equity compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Meiwa ranks #83 out of 157 companies for Return-on-Tangible-Equity. This places Meiwa in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.52. Meiwa's value of 12.39% is 30.1% above this benchmark. Historically, Meiwa's own Return-on-Tangible-Equity has ranged from 3.70 to 8.97 over the past decade. While the company's 10-year median is 6.95 vs. the industry median of 9.52, Meiwa 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 Distribution company?
The median Return-on-Tangible-Equity among Industrial Distribution companies is 9.52, based on 157 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. Meiwa's current Return-on-Tangible-Equity of 12.39% is 30.1% 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 Meiwa and its competitors. For the Industrial Distribution industry, the median Return-on-Tangible-Equity is 9.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiwa's current Return-on-Tangible-Equity is 12.39%, which is 78% above median its own 10-year median of 6.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiwa stock overvalued right now?
Based on GuruFocus' analysis, Meiwa (TSE:8103) is currently considered Modestly Overvalued. The stock's GF Value™ is 円757.89, compared to a current price of 円966.00 — trading 27.5% above its estimated fair value. The current Return-on-Tangible-Equity is 12.39%, which is 78% above median its 10-year median of 6.95 and 30.1% above the Industrial Distribution industry median of 9.52. Meiwa's overall GF Score™ is 74/100 with 2 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 Meiwa (TSE:8103), the current Return-on-Tangible-Equity is 12.39% 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 Meiwa (TSE:8103) Overvalued in 2026?
Based on GuruFocus' analysis, Meiwa stock appears to be overvalued.
The current stock price of 円966.00 is trading 27.5% above its estimated GF Value™ of 円757.89.
GuruFocus considers Meiwa to be Modestly Overvalued.
Key valuation signals for TSE:8103:
Return-on-Tangible-Equity: 12.39% (78% above median its 10-year median of 6.95)
GF Value™: 円757.89 vs. price of 円966.00 (27.5% above fair value)
Industry Position: 30.1% above the Industrial Distribution median (#83 of 157)
No single metric tells the full story. See the TSE:8103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiwa Corp is a Japan-based company. Along with its subsidiaries, the company operates in the following reportable segments: First Business, Second Business, Third Business, Battery and Automotive Business Division, and Others. Maximum revenue for the group is generated from the Third Business segment, which offers film products, papermaking chemicals, adhesives, synthetic resin raw materials, synthetic resin products, and inorganic chemicals. The First Business is engaged in trading earths and rare metals, flame retardants, heat insulation, waterproofing, and interior materials. Second Business represents its petroleum products business, covering lubricants to base oil, and additives, and the Battery and Automotive division invests in battery materials and offers automotive parts.
74GF Score
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