Kayac (TSE:3904) ROE % Adjusted to Book Value: 1.86% (As of Dec. 2025)

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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:3904 Kayac Inc TSE:3904
61 GF Score
Price 円423.00
GF Value 円783.77
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Kayac ROE % Adjusted to Book Value?

Kayac TSE:3904 -0.70% 61 ROE % Adjusted to Book Value is 1.86% as of Dec. 2025. GuruFocus rates TSE:3904 with a GF Score™ of 61/100 and a GF Value™ of 円783.77 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Kayac's ROE % for the quarter that ended in Dec. 2025 was 2.47%. Kayac's PB Ratio for the quarter that ended in Dec. 2025 was 1.33. Kayac's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 1.86%.


Kayac ROE % Adjusted to Book Value Related Terms


Kayac ROE % Adjusted to Book Value Historical Data

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The historical data trend for Kayac'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.

Kayac ROE % Adjusted to Book Value Chart

Kayac Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.27 6.72 4.88 2.05 9.05

Kayac Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 23.83 -3.49 16.26 1.86 11.81

TSE:3904 vs NTES, EA, TTWO: ROE % Adjusted to Book Value Comparison

For the Electronic Gaming & Multimedia subindustry, Kayac'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.


Kayac ROE % Adjusted to Book Value vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kayac's ROE % Adjusted to Book Value distribution charts can be found below:

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


TSE:3904
61GF Score
Kayac Inc TSE:3904
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kayac ROE % Adjusted to Book Value Calculation

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

ROE % Adjusted to Book Value=ROE % / PB Ratio
=12.04% / 1.33
=9.05%

Kayac's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=2.47% / 1.33
=1.86%

* 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 1.86% mean?
Kayac (TSE:3904) has a ROE % Adjusted to Book Value of 1.86% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Kayac and its competitors.
Is Kayac's ROE % Adjusted to Book Value too high?
Kayac's current ROE % Adjusted to Book Value is 1.86%. Overall, Kayac has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kayac's ROE % Adjusted to Book Value compare to NTES and EA?
Kayac's ROE % Adjusted to Book Value of 1.86% can be compared against companies in the Interactive Media 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 Interactive Media company?
A good ROE % Adjusted to Book Value depends on the Interactive Media 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 Kayac and its competitors. Kayac's current ROE % Adjusted to Book Value is 1.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayac stock overvalued right now?
Based on GuruFocus' analysis, Kayac (TSE:3904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円783.77, compared to a current price of 円423.00 — trading 46% below its estimated fair value. The current ROE % Adjusted to Book Value is 1.86%. Kayac's overall GF Score™ is 61/100 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 Kayac (TSE:3904), the current ROE % Adjusted to Book Value is 1.86% as of Dec. 2025. 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 Kayac (TSE:3904) Overvalued in 2026?

Based on GuruFocus' analysis, Kayac stock appears to be undervalued. The current stock price of 円423.00 is trading 46% below its estimated GF Value™ of 円783.77. GuruFocus considers Kayac to be Significantly Undervalued.

Key valuation signals for TSE:3904:

  • ROE % Adjusted to Book Value: 1.86%
  • GF Value™: 円783.77 vs. price of 円423.00 (46% below fair value)
  • GF Score™: 61/100 with 1 warning sign

No single metric tells the full story. See the TSE:3904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kayac Business Description

Address 11-8 Onarimachi, Former Bank Building, Kanagawa Prefecture, Kamakura, JPN, 248-0012
Kayac Inc is a Japanese entertainment content business. The group operates a digital platform, a publishing business, and develops and invests in area-specific content in key regions. It provides services of Regional capitalism, Game Entertainment, Interesting Production, e-sports, and Others.
61GF Score

Get the complete analysis for TSE:3904

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

円423.00
Price
円783.77
GF Value