Nitcho (TSE:2961) ROE % Adjusted to Book Value: 12.01% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2961 Nitcho Corp TSE:2961
58 GF Score
Price 円6,400.00
GF Value 円3,641.13
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nitcho ROE % Adjusted to Book Value?

Nitcho TSE:2961 58 ROE % Adjusted to Book Value is 12.01% as of Mar. 2026. GuruFocus rates TSE:2961 with a GF Score™ of 58/100 and a GF Value™ of 円3,641.13 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Nitcho's ROE % for the quarter that ended in Mar. 2026 was 8.77%. Nitcho's PB Ratio for the quarter that ended in Mar. 2026 was 0.73. Nitcho's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 12.01%.

Nitcho ROE % Adjusted to Book Value Related Terms

Nitcho ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Nitcho'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.

Nitcho ROE % Adjusted to Book Value Chart

Nitcho Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 0.00 7.53 10.14 18.45 13.37

Nitcho Semi-Annual Data
Sep19 Sep20 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.15 15.57 18.38 10.26 12.01

TSE:2961 vs GEV, ETN, PH: ROE % Adjusted to Book Value Comparison

For the Specialty Industrial Machinery subindustry, Nitcho'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.

Nitcho ROE % Adjusted to Book Value vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitcho's ROE % Adjusted to Book Value distribution charts can be found below:

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


TSE:2961
58GF Score
Nitcho Corp TSE:2961
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitcho ROE % Adjusted to Book Value Calculation

Nitcho's ROE % Adjusted to Book Value for the fiscal year that ended in Sep. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=8.29% / 0.62
=13.37%

Nitcho'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
=8.77% / 0.73
=12.01%

* 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.

What does a ROE % Adjusted to Book Value of 12.01% mean?
Nitcho (TSE:2961) has a ROE % Adjusted to Book Value of 12.01% 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 Nitcho and its competitors.
Is Nitcho's ROE % Adjusted to Book Value too high?
Nitcho's current ROE % Adjusted to Book Value is 12.01%. Overall, Nitcho has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitcho's ROE % Adjusted to Book Value compare to GEV and ETN?
Nitcho's ROE % Adjusted to Book Value of 12.01% can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good ROE % Adjusted to Book Value depends on the Industrial Products 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 Nitcho and its competitors. Nitcho's current ROE % Adjusted to Book Value is 12.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitcho stock overvalued right now?
Based on GuruFocus' analysis, Nitcho (TSE:2961) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,641.13, compared to a current price of 円6,400.00 — trading 75.8% above its estimated fair value. The current ROE % Adjusted to Book Value is 12.01%. Nitcho's overall GF Score™ is 58/100 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 Nitcho (TSE:2961), the current ROE % Adjusted to Book Value is 12.01% 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 Nitcho (TSE:2961) Overvalued in 2026?

Based on GuruFocus' analysis, Nitcho stock appears to be overvalued. The current stock price of 円6,400.00 is trading 75.8% above its estimated GF Value™ of 円3,641.13. GuruFocus considers Nitcho to be Significantly Overvalued.

Key valuation signals for TSE:2961:

  • ROE % Adjusted to Book Value: 12.01%
  • GF Value™: 円3,641.13 vs. price of 円6,400.00 (75.8% above fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the TSE:2961 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nitcho Business Description

Address 3-15-8 Higashirokugo, Ota-ku, Tokyo, JPN, 144-8513
Nitcho Corp develops, manufactures, sells, and repairs kitchen equipment for mass food service facilities that provide meals to a large number of people continuously. Its product portfolio comprises dishwashers, disinfection and storage machines, rotary kettles, rice cookers, steam convection ovens, etc. In addition to providing kitchen equipment, it is also involved in designing, constructing, and providing after-sales services for kitchen systems. The company caters to school lunches, employee and student cafeterias, medical and welfare facilities, and cafeterias.
58GF Score

Get the complete analysis for TSE:2961

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

円6,400.00
Price
円3,641.13
GF Value