TSE:6844's ROA % is ranked better than 61.19% of 2502
companies
in the Hardware industry
Industry Median: 2.265
vs TSE:6844: 4.00
Shindengen Electric Manufacturing Co (TSE:6844) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
Shindengen Electric Manufacturing Co ROA % Related Terms
Shindengen Electric Manufacturing Co ROA % Historical 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.
For the Electronic Components subindustry, Shindengen Electric Manufacturing 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.
Shindengen Electric Manufacturing Co ROA % vs Hardware Industry
* 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 four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Shindengen Electric Manufacturing Co (TSE:6844) has a ROA % of 0.09% 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 Shindengen Electric Manufacturing Co and its competitors. This is 95% below median its historical median of 1.90. According to the industry distribution chart, Shindengen Electric Manufacturing Co ranks #971 out of 2502 companies in the Hardware industry, placing it in the top 38.8%.
Is Shindengen Electric Manufacturing Co's ROA % too high?
Shindengen Electric Manufacturing Co's current ROA % of 0.09% is 95% below median its 10-year median of 1.90. The Hardware industry median ROA % is 2.27. Shindengen Electric Manufacturing Co's value of 0.09% is 96% below this industry median. Based on the distribution chart, Shindengen Electric Manufacturing Co ranks #971 out of 2502 companies in the Hardware industry, which is above the industry midpoint. Overall, Shindengen Electric Manufacturing Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shindengen Electric Manufacturing Co's ROA % compare to APH and GLW?
According to the Hardware industry distribution chart, Shindengen Electric Manufacturing Co ranks #971 out of 2502 companies for ROA %. This puts Shindengen Electric Manufacturing Co in the upper half of its industry. The industry median ROA % is 2.27. Shindengen Electric Manufacturing Co's value of 0.09% is 96% below this benchmark. While the company's 10-year median is 1.90 vs. the industry median of 2.27, Shindengen Electric Manufacturing Co has consistently been below 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 Hardware company?
The median ROA % among Hardware companies is 2.27, based on 2,502 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. Shindengen Electric Manufacturing Co's current ROA % of 0.09% is 96% below 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 Shindengen Electric Manufacturing Co and its competitors. For the Hardware industry, the median ROA % is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shindengen Electric Manufacturing Co's current ROA % is 0.09%, which is 95% below median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shindengen Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co (TSE:6844) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,348.02, compared to a current price of 円4,050.00 — trading 21% above its estimated fair value. The current ROA % is 0.09%, which is 95% below median its 10-year median of 1.90 and 96% below the Hardware industry median of 2.27. Shindengen Electric Manufacturing Co's overall GF Score™ is 75/100 with 7 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 Shindengen Electric Manufacturing Co (TSE:6844), the current ROA % is 0.09% 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 Shindengen Electric Manufacturing Co (TSE:6844) Overvalued in 2026?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co stock appears to be overvalued.
The current stock price of 円4,050.00 is trading 21% above its estimated GF Value™ of 円3,348.02.
GuruFocus considers Shindengen Electric Manufacturing Co to be Modestly Overvalued.
Key valuation signals for TSE:6844:
ROA %: 0.09% (95% below median its 10-year median of 1.90)
GF Value™: 円3,348.02 vs. price of 円4,050.00 (21% above fair value)
Industry Position: 96% below the Hardware median (#971 of 2502)
No single metric tells the full story. See the TSE:6844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shindengen Electric Manufacturing Co Business Description
Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.
75GF Score
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