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Nikken Kogaku CoTSE:9767 +0.76%72 Return-on-Tangible-Equity is 9.80% as of Mar. 2026, which is 60% above its 10-year median of 6.13. GuruFocus rates TSE:9767 with a GF Score™ of 72/100 and a GF Value™ of 円1,573.09 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,709 Construction companies, Nikken Kogaku Co ranks worse than 57.28% 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. Nikken Kogaku Co's annualized net income for the quarter that ended in Mar. 2026 was 円468 Mil. Nikken Kogaku Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円4,781 Mil. Therefore, Nikken Kogaku Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.80%.
The historical rank and industry rank for Nikken Kogaku Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9767'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.85 Med: 6.13 Max: 37.96
Current: 5.96
During the past 13 years, Nikken Kogaku Co's highest Return-on-Tangible-Equity was 37.96%. The lowest was -13.85%. And the median was 6.13%.
TSE:9767's Return-on-Tangible-Equity is ranked worse than 57.28% of 1709
companies
in the Construction industry
Industry Median: 8.21
vs TSE:9767: 5.96
Nikken Kogaku Co (TSE:9767) 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.
Nikken Kogaku Co Return-on-Tangible-Equity Related Terms
Nikken Kogaku Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nikken Kogaku 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:9767 vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Nikken Kogaku 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.
Nikken Kogaku Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Nikken Kogaku Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nikken Kogaku 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 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 9.80% mean?
Nikken Kogaku Co (TSE:9767) has a Return-on-Tangible-Equity of 9.80% 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 Nikken Kogaku Co and its competitors. This is 60% above median its historical median of 6.13. According to the industry distribution chart, Nikken Kogaku Co ranks #979 out of 1709 companies in the Construction industry, placing it in the top 57.3%.
Is Nikken Kogaku Co's Return-on-Tangible-Equity too high?
Nikken Kogaku Co's current Return-on-Tangible-Equity of 9.80% is 60% above median its 10-year median of 6.13. The Construction industry median Return-on-Tangible-Equity is 8.21. Nikken Kogaku Co's value of 9.80% is 19.4% above this industry median. Based on the distribution chart, Nikken Kogaku Co ranks #979 out of 1709 companies in the Construction industry, which is below the industry midpoint. Overall, Nikken Kogaku Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nikken Kogaku Co's Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Nikken Kogaku Co ranks #979 out of 1709 companies for Return-on-Tangible-Equity. This places Nikken Kogaku Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Nikken Kogaku Co's value of 9.80% is 19.4% above this benchmark. While the company's 10-year median is 6.13 vs. the industry median of 8.21, Nikken Kogaku 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,709 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. Nikken Kogaku Co's current Return-on-Tangible-Equity of 9.80% is 19.4% 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 Nikken Kogaku Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikken Kogaku Co's current Return-on-Tangible-Equity is 9.80%, which is 60% above median its own 10-year median of 6.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikken Kogaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nikken Kogaku Co (TSE:9767) is currently considered Fairly Valued. The stock's GF Value™ is 円1,573.09, compared to a current price of 円1,462.00 — trading 7.1% below its estimated fair value. The current Return-on-Tangible-Equity is 9.80%, which is 60% above median its 10-year median of 6.13 and 19.4% above the Construction industry median of 8.21. Nikken Kogaku Co's overall GF Score™ is 72/100 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 Nikken Kogaku Co (TSE:9767), the current Return-on-Tangible-Equity is 9.80% 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 Nikken Kogaku Co (TSE:9767) Overvalued in 2026?
Based on GuruFocus' analysis, Nikken Kogaku Co stock appears to be undervalued.
The current stock price of 円1,462.00 is trading 7.1% below its estimated GF Value™ of 円1,573.09.
GuruFocus considers Nikken Kogaku Co to be Fairly Valued.
Key valuation signals for TSE:9767:
Return-on-Tangible-Equity: 9.80% (60% above median its 10-year median of 6.13)
GF Value™: 円1,573.09 vs. price of 円1,462.00 (7.1% below fair value)
Industry Position: 19.4% above the Construction median (#979 of 1709)
No single metric tells the full story. See the TSE:9767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nikken Kogaku Co Ltd develops a wide range of products and construction methods such as wave-blocking block, revetment block, natural stone construction method, and other civil engineering products. It primarily serves to the ministry of land, infrastructure, transport and tourism; local governments, construction companies, and construction consultants across Japan.
72GF Score
Get the complete analysis for TSE:9767
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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