KEIWA (TSE:4251) ROE % Adjusted to Book Value: 13.04% (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:4251 KEIWA Inc TSE:4251
86 GF Score
Price 円1,192.00
GF Value 円1,325.74
Valuation Modestly Undervalued
! 2 Warning Signs
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What is KEIWA ROE % Adjusted to Book Value?

KEIWA TSE:4251 -2.13% 86 ROE % Adjusted to Book Value is 13.04% as of Dec. 2025. GuruFocus rates TSE:4251 with a GF Score™ of 86/100 and a GF Value™ of 円1,325.74 (Modestly Undervalued). The stock has 2 warning signs investors should review.

KEIWA's ROE % for the quarter that ended in Dec. 2025 was 12.65%. KEIWA's PB Ratio for the quarter that ended in Dec. 2025 was 0.97. KEIWA's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 13.04%.


KEIWA ROE % Adjusted to Book Value Related Terms


KEIWA ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for KEIWA'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.

KEIWA ROE % Adjusted to Book Value Chart

KEIWA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only 5.85 37.23 8.35 15.35 9.99

KEIWA 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 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 16.39 -2.15 15.64 13.04 16.36

TSE:4251 vs APH, GLW: ROE % Adjusted to Book Value Comparison

For the Electronic Components subindustry, KEIWA'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.


KEIWA ROE % Adjusted to Book Value vs Hardware Industry

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

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


TSE:4251
86GF Score
KEIWA Inc TSE:4251
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KEIWA ROE % Adjusted to Book Value Calculation

KEIWA'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
=9.69% / 0.97
=9.99%

KEIWA'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
=12.65% / 0.97
=13.04%

* 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 13.04% mean?
KEIWA (TSE:4251) has a ROE % Adjusted to Book Value of 13.04% 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 KEIWA and its competitors.
Is KEIWA's ROE % Adjusted to Book Value too high?
KEIWA's current ROE % Adjusted to Book Value is 13.04%. Overall, KEIWA has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KEIWA's ROE % Adjusted to Book Value compare to APH and GLW?
KEIWA's ROE % Adjusted to Book Value of 13.04% 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 KEIWA and its competitors. KEIWA's current ROE % Adjusted to Book Value is 13.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KEIWA stock overvalued right now?
Based on GuruFocus' analysis, KEIWA (TSE:4251) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,325.74, compared to a current price of 円1,192.00 — trading 10.1% below its estimated fair value. The current ROE % Adjusted to Book Value is 13.04%. KEIWA's overall GF Score™ is 86/100 with 2 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 KEIWA (TSE:4251), the current ROE % Adjusted to Book Value is 13.04% 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 KEIWA (TSE:4251) Overvalued in 2026?

Based on GuruFocus' analysis, KEIWA stock appears to be undervalued. The current stock price of 円1,192.00 is trading 10.1% below its estimated GF Value™ of 円1,325.74. GuruFocus considers KEIWA to be Modestly Undervalued.

Key valuation signals for TSE:4251:

  • ROE % Adjusted to Book Value: 13.04%
  • GF Value™: 円1,325.74 vs. price of 円1,192.00 (10.1% below fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the TSE:4251 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KEIWA Business Description

Address 3rd Floor, Sumitomo Life Insurance Kayabacho Building, 2-10-5 Nihonbashi Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
KEIWA Inc is a Japanese based company involved in the optical sheet and functional product business. The optical sheet business includes components of special optical films such as light diffusion sheets and condensing film protective films used in backlight units for liquid crystal displays such as smartphones, whereas the Functional product includes industrial packaging materials with specific functions (moisture resistance, heat resistance, durability), clean energy materials, and other industrial materials such as building materials and agricultural materials.
86GF Score

Get the complete analysis for TSE:4251

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

円1,192.00
Price
円1,325.74
GF Value