ESPEC (TSE:6859) ROE % Adjusted to Book Value: 16.45% (As of Mar. 2026)

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Valuation Modestly Overvalued

1 Warning Sign

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What is ESPEC ROE % Adjusted to Book Value?

ESPEC TSE:6859 -2.45% 90 ROE % Adjusted to Book Value is 16.45% as of Mar. 2026. GuruFocus rates TSE:6859 with a GF Score™ of 90/100 and a GF Value™ of 円3,177.58 (Modestly Overvalued). The stock has 1 warning sign investors should review.

ESPEC's ROE % for the quarter that ended in Mar. 2026 was 16.94%. ESPEC's PB Ratio for the quarter that ended in Mar. 2026 was 1.03. ESPEC's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 16.45%.

ESPEC ROE % Adjusted to Book Value Related Terms

ESPEC ROE % Adjusted to Book Value Historical Data

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The historical data trend for ESPEC'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.

ESPEC ROE % Adjusted to Book Value Chart

ESPEC Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROE % Adjusted to Book Value

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4.35

7.59

7.91

11.92

9.67

ESPEC 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															16.71	0.62	9.79	7.81	16.45

TSE:6859 vs COHR, KEYS, GRMN: ROE % Adjusted to Book Value Comparison

For the Scientific & Technical Instruments subindustry, ESPEC'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.

ESPEC ROE % Adjusted to Book Value vs Hardware Industry

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

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

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90GF Score

ESPEC Corp TSE:6859

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ESPEC ROE % Adjusted to Book Value Calculation

ESPEC'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
	=	9.96%	/	1.03
	=	9.67%

ESPEC'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
	=	16.94%	/	1.03
	=	16.45%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 16.45% mean?

ESPEC (TSE:6859) has a ROE % Adjusted to Book Value of 16.45% 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 ESPEC and its competitors.

Is ESPEC's ROE % Adjusted to Book Value too high?

ESPEC's current ROE % Adjusted to Book Value is 16.45%. Overall, ESPEC has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does ESPEC's ROE % Adjusted to Book Value compare to COHR and KEYS?

ESPEC's ROE % Adjusted to Book Value of 16.45% 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 ESPEC and its competitors. ESPEC's current ROE % Adjusted to Book Value is 16.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is ESPEC stock overvalued right now?

Based on GuruFocus' analysis, ESPEC (TSE:6859) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,177.58, compared to a current price of 円3,980.00 — trading 25.3% above its estimated fair value. The current ROE % Adjusted to Book Value is 16.45%. ESPEC's overall GF Score™ is 90/100 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 ESPEC (TSE:6859), the current ROE % Adjusted to Book Value is 16.45% 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 ESPEC (TSE:6859) Overvalued in 2026?

Based on GuruFocus' analysis, ESPEC stock appears to be overvalued. The current stock price of 円3,980.00 is trading 25.3% above its estimated GF Value™ of 円3,177.58. GuruFocus considers ESPEC to be Modestly Overvalued.

Key valuation signals for TSE:6859:

ROE % Adjusted to Book Value: 16.45%
GF Value™: 円3,177.58 vs. price of 円3,980.00 (25.3% above fair value)
GF Score™: 90/100 with 1 warning sign

No single metric tells the full story. See the TSE:6859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ESPEC Business Description

Industry Technology Hardware

Comparable Companies TSE:7721 TSE:7715 TSE:7745 TSE:255A TSE:6644 TSE:6742 TSE:6824 TSE:7723 TSE:8151 TSE:7760 TSE:6861 COHR KEYS GRMN TDY TPE:2360 MKSI OSTO:HEXA B FTV TRMB

Address 3-5-6, Tenjinbashi, Kita-Ku, Osaka, JPN, 530-8550

Website http://www.espec.co.jp

ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.

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

円3,980.00

Price

円3,177.58

GF Value

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