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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. Nareru Group's annualized net income for the quarter that ended in Apr. 2026 was 円1,731 Mil. Nareru Group's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円527 Mil. Therefore, Nareru Group's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 328.46%.
The historical rank and industry rank for Nareru Group's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9163'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 817.57
Current: 817.57
During the past 6 years, Nareru Group's highest Return-on-Tangible-Equity was 817.57%. The lowest was 0.00%. And the median was 0.00%.
TSE:9163's Return-on-Tangible-Equity is ranked better than 93.86% of 1710
companies
in the Construction industry
Industry Median: 8.2
vs TSE:9163: 817.57
Nareru Group (TSE:9163) 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.
Nareru Group Return-on-Tangible-Equity Related Terms
Nareru Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nareru Group'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:9163 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Nareru Group'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.
Nareru Group Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Nareru Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nareru Group'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 328.46% mean?
Nareru Group (TSE:9163) has a Return-on-Tangible-Equity of 328.46% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nareru Group and its competitors. According to the industry distribution chart, Nareru Group ranks #105 out of 1710 companies in the Construction industry, placing it in the top 6.1%.
Is Nareru Group's Return-on-Tangible-Equity too high?
Nareru Group's current Return-on-Tangible-Equity is 328.46%. The Construction industry median Return-on-Tangible-Equity is 8.20. Nareru Group's value of 328.46% is 3905.6% above this industry median. Based on the distribution chart, Nareru Group ranks #105 out of 1710 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nareru Group has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nareru Group's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Nareru Group ranks #105 out of 1710 companies for Return-on-Tangible-Equity. This places Nareru Group in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.20. Nareru Group's value of 328.46% is 3905.6% above this benchmark. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.20, based on 1,710 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. Nareru Group's current Return-on-Tangible-Equity of 328.46% is 3905.6% 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 Nareru Group and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nareru Group's current Return-on-Tangible-Equity is 328.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nareru Group stock overvalued right now?
Based on GuruFocus' analysis, Nareru Group (TSE:9163) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,075.28, compared to a current price of 円2,311.00 — trading 24.9% below its estimated fair value. The current Return-on-Tangible-Equity is 328.46% and 3905.6% above the Construction industry median of 8.20. Nareru Group's overall GF Score™ is 56/100 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 Nareru Group (TSE:9163), the current Return-on-Tangible-Equity is 328.46% as of Apr. 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 Nareru Group (TSE:9163) Overvalued in 2026?
Based on GuruFocus' analysis, Nareru Group stock appears to be undervalued.
The current stock price of 円2,311.00 is trading 24.9% below its estimated GF Value™ of 円3,075.28.
GuruFocus considers Nareru Group to be Modestly Undervalued.
Key valuation signals for TSE:9163:
Return-on-Tangible-Equity: 328.46%
GF Value™: 円3,075.28 vs. price of 円2,311.00 (24.9% below fair value)
Industry Position: 3905.6% above the Construction median (#105 of 1710)
No single metric tells the full story. See the TSE:9163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nareru Group Inc is engaged in the Dispatching service of construction engineers and computer engineers. The company provides services in the areas of architecture, civil engineering, air conditioning and sanitary, and electrical equipment.
56GF Score
Get the complete analysis for TSE:9163
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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