Applied Co (TSE:3020) ROE % Adjusted to Book Value: 25.15% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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:3020 Applied Co Ltd TSE:3020
76 GF Score
Price 円4,075.00
GF Value 円3,153.59
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Applied Co ROE % Adjusted to Book Value?

Applied Co TSE:3020 +0.12% 76 ROE % Adjusted to Book Value is 25.15% as of Mar. 2026. GuruFocus rates TSE:3020 with a GF Score™ of 76/100 and a GF Value™ of 円3,153.59 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Applied Co's ROE % for the quarter that ended in Mar. 2026 was 18.61%. Applied Co's PB Ratio for the quarter that ended in Mar. 2026 was 0.74. Applied Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 25.15%.

Applied Co ROE % Adjusted to Book Value Related Terms

Applied Co ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Applied Co'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.

Applied Co ROE % Adjusted to Book Value Chart

Applied Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.95 20.95 16.43 24.92 23.92

Applied Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.27 19.58 30.17 20.11 25.15

TSE:3020 vs SNX, ARW, AVT: ROE % Adjusted to Book Value Comparison

For the Electronics & Computer Distribution subindustry, Applied Co'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.

Applied Co ROE % Adjusted to Book Value vs Hardware Industry

For the Hardware industry and Technology sector, Applied Co's ROE % Adjusted to Book Value distribution charts can be found below:

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


TSE:3020
76GF Score
Applied Co Ltd TSE:3020
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied Co ROE % Adjusted to Book Value Calculation

Applied Co'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
=17.70% / 0.74
=23.92%

Applied Co'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
=18.61% / 0.74
=25.15%

* 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 25.15% mean?
Applied Co (TSE:3020) has a ROE % Adjusted to Book Value of 25.15% 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 Applied Co and its competitors.
Is Applied Co's ROE % Adjusted to Book Value too high?
Applied Co's current ROE % Adjusted to Book Value is 25.15%. Overall, Applied Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Co's ROE % Adjusted to Book Value compare to SNX and ARW?
Applied Co's ROE % Adjusted to Book Value of 25.15% can be compared against companies in the Hardware 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 Hardware company?
A good ROE % Adjusted to Book Value depends on the Hardware 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 Applied Co and its competitors. Applied Co's current ROE % Adjusted to Book Value is 25.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Co (TSE:3020) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,153.59, compared to a current price of 円4,075.00 — trading 29.2% above its estimated fair value. The current ROE % Adjusted to Book Value is 25.15%. Applied Co's overall GF Score™ is 76/100 with 1 warning sign 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 Applied Co (TSE:3020), the current ROE % Adjusted to Book Value is 25.15% 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 Applied Co (TSE:3020) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Co stock appears to be overvalued. The current stock price of 円4,075.00 is trading 29.2% above its estimated GF Value™ of 円3,153.59. GuruFocus considers Applied Co to be Modestly Overvalued.

Key valuation signals for TSE:3020:

  • ROE % Adjusted to Book Value: 25.15%
  • GF Value™: 円3,153.59 vs. price of 円4,075.00 (29.2% above fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the TSE:3020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Applied Co Business Description

Address 3-3-1 Higashi-Hie, Hakata-ku, Fukuoka, JPN, 812-0007
Applied Co Ltd is engaged in contract development and maintenance of work WEB systems, digital development, content development for consumers, operation of a game shop, purchase and sale of used handsets, planning and development of technical services, and contract production of OEM products.
76GF Score

Get the complete analysis for TSE:3020

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

円4,075.00
Price
円3,153.59
GF Value