Heiwa (FRA:HWC) ROE % Adjusted to Book Value: -11.66% (As of Mar. 2026)

Heiwa FRA:HWC +0.95% 66 ROE % Adjusted to Book Value is -11.66% as of Mar. 2026. GuruFocus rates FRA:HWC with a GF Score™ of 66/100 and a GF Value™ of €21.06. The stock has 6 warning signs investors should review.

Heiwa's ROE % for the quarter that ended in Mar. 2026 was -8.51%. Heiwa's PB Ratio for the quarter that ended in Mar. 2026 was 0.73. Heiwa's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -11.66%.

Heiwa ROE % Adjusted to Book Value Related Terms

Heiwa ROE % Adjusted to Book Value Historical Data

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The historical data trend for Heiwa's ROE % Adjusted to Book Value 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.

Heiwa ROE % Adjusted to Book Value Chart

Heiwa Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

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Mar26

ROE % Adjusted to Book Value

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1.27

8.17

8.38

5.78

6.08

Heiwa Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															-12.90	16.12	3.16	14.56	-11.66

FRA:HWC vs AS, HAS, LTH: ROE % Adjusted to Book Value Comparison

For the Leisure subindustry, Heiwa's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Heiwa ROE % Adjusted to Book Value vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Heiwa's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Heiwa's ROE % Adjusted to Book Value falls into.

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66GF Score

Heiwa Corp FRA:HWC

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

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Heiwa ROE % Adjusted to Book Value Calculation

Heiwa's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	4.44%	/	0.73
	=	6.08%

Heiwa's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	-8.51%	/	0.73
	=	-11.66%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of -11.66% mean?

Heiwa (FRA:HWC) has a ROE % Adjusted to Book Value of -11.66% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Heiwa and its competitors.

Is Heiwa's ROE % Adjusted to Book Value too high?

Heiwa's current ROE % Adjusted to Book Value is -11.66%. Overall, Heiwa has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.

How does Heiwa's ROE % Adjusted to Book Value compare to AS and HAS?

Heiwa's ROE % Adjusted to Book Value of -11.66% can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for a Travel & Leisure company?

A good ROE % Adjusted to Book Value depends on the Travel & Leisure industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Heiwa and its competitors. Heiwa's current ROE % Adjusted to Book Value is -11.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Heiwa stock overvalued right now?

Heiwa (FRA:HWC) has a current ROE % Adjusted to Book Value of -11.66%. The stock's GF Value™ is €21.06, compared to a current price of €10.60 — trading 49.7% below its estimated fair value. The current ROE % Adjusted to Book Value is -11.66%. Heiwa's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For Heiwa (FRA:HWC), the current ROE % Adjusted to Book Value is -11.66% 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 Heiwa (FRA:HWC) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa stock appears to be undervalued. The current stock price of €10.60 is trading 49.7% below its estimated GF Value™ of €21.06.

Key valuation signals for FRA:HWC:

ROE % Adjusted to Book Value: -11.66%
GF Value™: €21.06 vs. price of €10.60 (49.7% below fair value)
GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the FRA:HWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Heiwa Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies TSE:7906 TSE:7740 TSE:7458 TSE:7867 TSE:7944 TSE:9166 TSE:4680 TSE:7085 TSE:2157 TSE:6419 HKSE:09992 TSE:4661 HKSE:02020 AS TSE:7832 HAS LSE:GAW TSE:7309 LTH GOLF

Other Exchanges 6412:Japan

Address 1 Chome-16-1 Higashiueno, Taito-ku, Tokyo, JPN, 110-0015

Website http://www.heiwanet.co.jp

Heiwa Corp is a gambling company involved in the manufacturing and sales of pachinko and pachislot machines. The company operates in two business segments: game machines and golf. The game machine business develops pachinko machines, a gambling device with pinball-like characteristics, which are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls, which can then be exchanged for prizes. Pachislot machines, which are a similar gambling device with characteristics of pachinko and slot machines, are developed in a similar manner. The company's golf segment operates a number of golf courses. Heiwa generates the vast majority of its revenue in Japan.

66GF Score

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€10.60

Price

€21.06

GF Value

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