Morinaga (TSE:2201) ROE % Adjusted to Book Value: 4.00% (As of Mar. 2026)

Morinaga TSE:2201 -1.85% 85 ROE % Adjusted to Book Value is 4.00% as of Mar. 2026. GuruFocus rates TSE:2201 with a GF Score™ of 85/100 and a GF Value™ of 円3,103.02 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Morinaga's ROE % for the quarter that ended in Mar. 2026 was 6.40%. Morinaga's PB Ratio for the quarter that ended in Mar. 2026 was 1.60. Morinaga's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 4.00%.

Morinaga ROE % Adjusted to Book Value Related Terms

Morinaga ROE % Adjusted to Book Value Historical Data

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The historical data trend for Morinaga'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.

Morinaga ROE % Adjusted to Book Value Chart

Morinaga Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROE % Adjusted to Book Value

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15.05

5.56

6.51

8.24

8.14

Morinaga 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															7.79	9.83	11.14	8.23	4.00

TSE:2201 vs MDLZ, HSY, TR: ROE % Adjusted to Book Value Comparison

For the Confectioners subindustry, Morinaga'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.

Morinaga ROE % Adjusted to Book Value vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga's ROE % Adjusted to Book Value distribution charts can be found below:

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

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85GF Score

Morinaga & Co Ltd TSE:2201

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

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Morinaga ROE % Adjusted to Book Value Calculation

Morinaga'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
	=	13.02%	/	1.60
	=	8.14%

Morinaga'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
	=	6.40%	/	1.60
	=	4.00%

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

What does a ROE % Adjusted to Book Value of 4.00% mean?

Morinaga (TSE:2201) has a ROE % Adjusted to Book Value of 4.00% 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 Morinaga and its competitors.

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

Morinaga's current ROE % Adjusted to Book Value is 4.00%. Overall, Morinaga has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Morinaga's ROE % Adjusted to Book Value compare to MDLZ and HSY?

Morinaga's ROE % Adjusted to Book Value of 4.00% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?

A good ROE % Adjusted to Book Value depends on the Consumer Packaged Goods 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 Morinaga and its competitors. Morinaga's current ROE % Adjusted to Book Value is 4.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Morinaga stock overvalued right now?

Based on GuruFocus' analysis, Morinaga (TSE:2201) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,103.02, compared to a current price of 円2,656.00 — trading 14.4% below its estimated fair value. The current ROE % Adjusted to Book Value is 4.00%. Morinaga's overall GF Score™ is 85/100 with 4 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 Morinaga (TSE:2201), the current ROE % Adjusted to Book Value is 4.00% 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 Morinaga (TSE:2201) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga stock appears to be undervalued. The current stock price of 円2,656.00 is trading 14.4% below its estimated GF Value™ of 円3,103.02. GuruFocus considers Morinaga to be Modestly Undervalued.

Key valuation signals for TSE:2201:

ROE % Adjusted to Book Value: 4.00%
GF Value™: 円3,103.02 vs. price of 円2,656.00 (14.4% below fair value)
GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the TSE:2201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Morinaga Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSE:2109 TSE:2117 TSE:2208 TSE:2222 TSE:2211 TSE:2108 TSE:2207 TSE:2216 TSE:2114 TSE:2221 MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR SZSE:000833 CAS:CSR OSTO:CLA B BOM:500038

Address 5-33-1 Shiba, Minato-ku, Tokyo, JPN, 108-8403

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

Morinaga & Co Ltd is a Japan-based confectionery company. It has developed a diverse range of confectionery products, canned soft drinks and ice cream that are delicious, fun, and healthy. The company's products are divided into five main divisions, Confectioneries, Foods, Frozen Desserts, Weider, and Healthcare. Confectionaries include Morinaga Biscuits, Chocoball chocolate, Dars chocolate, Koeda chocolate, and HI-CHEW candy. Foods include Morinaga Cocoa; Frozen Desserts include Choco Monaka Jumbo; Weider products include Weider in Jelly; and Healthcare products include Seisho-sabo, Kenpo-shukan, and Collagen drink.

85GF Score

Get the complete analysis for TSE:2201

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,656.00

Price

円3,103.02

GF Value

View TSE:2201 Analysis

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