Mie CoNGO:3442 +2.62%66 ROA % is 5.82% as of Mar. 2026, which is 77% above its 10-year median of 3.28. GuruFocus rates NGO:3442 with a GF Score™ of 66/100 and a GF Value™ of 円1,450.09 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 633 Steel companies, Mie Co ranks better than 75.04% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mie Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円482 Mil.
Mie Co's average Total Assets over the quarter that ended in Mar. 2026 was 円8,283 Mil. Therefore, Mie Co's annualized ROA % for the quarter that ended in Mar. 2026 was 5.82%.
The historical rank and industry rank for Mie Co's ROA % or its related term are showing as below:
NGO:3442'
s ROA % Range Over the Past 10 Years
Min: 1.7 Med: 3.28 Max: 5.11
Current: 5.09
During the past 13 years, Mie Co's highest ROA % was 5.11%. The lowest was 1.70%. And the median was 3.28%.
NGO:3442's ROA % is ranked better than 75.04% of 633
companies
in the Steel industry
Industry Median: 1.92
vs NGO:3442: 5.09
Mie Co (NGO:3442) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Mie Co ROA % Related Terms
Mie Co ROA % Historical Data
* Premium members only.
The historical data trend for Mie Co's ROA % 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.
For the Steel subindustry, Mie Co's ROA %, along with its competitors' market caps and ROA % 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.
Mie Co ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Mie Co's ROA % distribution charts can be found below:
* The bar in red indicates where Mie Co's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Mie Co (NGO:3442) has a ROA % of 5.82% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Mie Co and its competitors. This is 77% above median its historical median of 3.28. Over the past decade, Mie Co's ROA % has ranged from 1.70 to 5.11. According to the industry distribution chart, Mie Co ranks #158 out of 633 companies in the Steel industry, placing it in the top 25%.
Is Mie Co's ROA % too high?
Mie Co's current ROA % of 5.82% is 77% above median its 10-year median of 3.28. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 5.11. The Steel industry median ROA % is 1.92. Mie Co's value of 5.82% is 203.1% above this industry median. Based on the distribution chart, Mie Co ranks #158 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mie Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mie Co's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Mie Co ranks #158 out of 633 companies for ROA %. This places Mie Co in the top 25% of its industry — outperforming the majority of peers. The industry median ROA % is 1.92. Mie Co's value of 5.82% is 203.1% above this benchmark. Historically, Mie Co's own ROA % has ranged from 1.70 to 5.11 over the past decade. While the company's 10-year median is 3.28 vs. the industry median of 1.92, Mie 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 ROA % for a Steel company?
The median ROA % among Steel companies is 1.92, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mie Co's current ROA % of 5.82% is 203.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Mie Co and its competitors. For the Steel industry, the median ROA % is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mie Co's current ROA % is 5.82%, which is 77% above median its own 10-year median of 3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mie Co stock overvalued right now?
Based on GuruFocus' analysis, Mie Co (NGO:3442) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,450.09, compared to a current price of 円1,607.00 — trading 10.8% above its estimated fair value. The current ROA % is 5.82%, which is 77% above median its 10-year median of 3.28 and 203.1% above the Steel industry median of 1.92. Mie Co's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Mie Co (NGO:3442), the current ROA % is 5.82% 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 Mie Co (NGO:3442) Overvalued in 2026?
Based on GuruFocus' analysis, Mie Co stock appears to be overvalued.
The current stock price of 円1,607.00 is trading 10.8% above its estimated GF Value™ of 円1,450.09.
GuruFocus considers Mie Co to be Modestly Overvalued.
Key valuation signals for NGO:3442:
ROA %: 5.82% (77% above median its 10-year median of 3.28)
GF Value™: 円1,450.09 vs. price of 円1,607.00 (10.8% above fair value)
Industry Position: 203.1% above the Steel median (#158 of 633)
No single metric tells the full story. See the NGO:3442 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mie Corp Co Ltd is a Japanese holding company. The company, through its subsidiaries, is engaged in the manufacturing of stainless steel fittings and flanges and the prefabricated piping processing of piping equipment. The products of the company include butt weld type fitting, housing type pipe fitting, and stainless steel pipe flange.
66GF Score
Get the complete analysis for NGO:3442
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:3442 has been successfully added to your 
