Showcase (TSE:3909) ROE % Adjusted to Book Value: 167.68% (As of Mar. 2026)

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Vera Yuan
Vera Yuan
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:3909 Showcase Inc TSE:3909
58 GF Score
Price 円206.00
GF Value 円237.40
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Showcase ROE % Adjusted to Book Value?

Showcase TSE:3909 +1.98% 58 ROE % Adjusted to Book Value is 167.68% as of Mar. 2026. GuruFocus rates TSE:3909 with a GF Score™ of 58/100 and a GF Value™ of 円237.40 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Showcase's ROE % for the quarter that ended in Mar. 2026 was 201.21%. Showcase's PB Ratio for the quarter that ended in Mar. 2026 was 1.20. Showcase's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 167.68%.


Showcase ROE % Adjusted to Book Value Related Terms


Showcase ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Showcase'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.

Showcase ROE % Adjusted to Book Value Chart

Showcase 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 1.43 -16.68 -3.93 -27.42 46.41

Showcase 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 189.90 -9.87 -25.00 0.47 167.68

TSE:3909 vs QH, SHOP, UBER: ROE % Adjusted to Book Value Comparison

For the Software - Application subindustry, Showcase'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.


Showcase ROE % Adjusted to Book Value vs Software Industry

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

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


TSE:3909
58GF Score
Showcase Inc TSE:3909
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Showcase ROE % Adjusted to Book Value Calculation

Showcase's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2024 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-88.57% / 3.23
=-27.42%

Showcase'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
=201.21% / 1.20
=167.68%

* 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 167.68% mean?
Showcase (TSE:3909) has a ROE % Adjusted to Book Value of 167.68% 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 Showcase and its competitors.
Is Showcase's ROE % Adjusted to Book Value too high?
Showcase's current ROE % Adjusted to Book Value is 167.68%. Overall, Showcase has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Showcase's ROE % Adjusted to Book Value compare to QH and SHOP?
Showcase's ROE % Adjusted to Book Value of 167.68% can be compared against companies in the Software 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 Software company?
A good ROE % Adjusted to Book Value depends on the Software 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 Showcase and its competitors. Showcase's current ROE % Adjusted to Book Value is 167.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Showcase stock overvalued right now?
Based on GuruFocus' analysis, Showcase (TSE:3909) is currently considered Modestly Undervalued. The stock's GF Value™ is 円237.40, compared to a current price of 円206.00 — trading 13.2% below its estimated fair value. The current ROE % Adjusted to Book Value is 167.68%. Showcase's overall GF Score™ is 58/100 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 Showcase (TSE:3909), the current ROE % Adjusted to Book Value is 167.68% 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 Showcase (TSE:3909) Overvalued in 2026?

Based on GuruFocus' analysis, Showcase stock appears to be undervalued. The current stock price of 円206.00 is trading 13.2% below its estimated GF Value™ of 円237.40. GuruFocus considers Showcase to be Modestly Undervalued.

Key valuation signals for TSE:3909:

  • ROE % Adjusted to Book Value: 167.68%
  • GF Value™: 円237.40 vs. price of 円206.00 (13.2% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the TSE:3909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Showcase Business Description

Address 1-9-9, Roppongi, 14th Floor, Roppongi First Building, Minato-ku, Tokyo, JPN, 106-0032
Showcase Inc is engaged in web marketing services. Its operations are carried out through the following business segments: DX Cloud Business, Advertising and Media Business, Investment-related Business, and Information and Communications-related Business. The DX Cloud Business is engaged in the SaaS business. The Advertising and Media Business operates owned media and affiliate advertising. The Investment-related business provides SmartPitch, an online matching platform by Showcase Capital Inc., connecting startups with operating companies, VCs, and CVCs, while also supporting startup growth and fundraising for listed companies. The Information and Communications Related Business is engaged in the sale of used smartphones.
58GF Score

Get the complete analysis for TSE:3909

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

円206.00
Price
円237.40
GF Value