Nareru Group (TSE:9163) ROE % Adjusted to Book Value: 8.87% (As of Apr. 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:9163 Nareru Group Inc TSE:9163
56 GF Score
Price 円2,280.00
GF Value 円3,064.03
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Nareru Group ROE % Adjusted to Book Value?

Nareru Group TSE:9163 +0.22% 56 ROE % Adjusted to Book Value is 8.87% as of Apr. 2026. GuruFocus rates TSE:9163 with a GF Score™ of 56/100 and a GF Value™ of 円3,064.03 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Nareru Group's ROE % for the quarter that ended in Apr. 2026 was 11.80%. Nareru Group's PB Ratio for the quarter that ended in Apr. 2026 was 1.33. Nareru Group's ROE % Adjusted to Book Value for the quarter that ended in Apr. 2026 was 8.87%.


Nareru Group ROE % Adjusted to Book Value Related Terms


Nareru Group ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Nareru Group'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.

Nareru Group ROE % Adjusted to Book Value Chart

Nareru Group Annual Data
Trend Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 0.00 0.00 10.16 11.24 10.91

Nareru Group Quarterly Data
Oct20 Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Oct24 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 10.02 10.01 9.55 8.87

TSE:9163 vs PWR, FIX, EME: ROE % Adjusted to Book Value Comparison

For the Engineering & Construction subindustry, Nareru Group'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.


Nareru Group ROE % Adjusted to Book Value vs Construction Industry

For the Construction industry and Industrials sector, Nareru Group's ROE % Adjusted to Book Value distribution charts can be found below:

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


TSE:9163
56GF Score
Nareru Group Inc TSE:9163
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nareru Group ROE % Adjusted to Book Value Calculation

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

ROE % Adjusted to Book Value=ROE % / PB Ratio
=14.95% / 1.37
=10.91%

Nareru Group's ROE % Adjusted to Book Value for the quarter that ended in Apr. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.80% / 1.33
=8.87%

* 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 8.87% mean?
Nareru Group (TSE:9163) has a ROE % Adjusted to Book Value of 8.87% as of Apr. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Nareru Group and its competitors.
Is Nareru Group's ROE % Adjusted to Book Value too high?
Nareru Group's current ROE % Adjusted to Book Value is 8.87%. Overall, Nareru Group has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nareru Group's ROE % Adjusted to Book Value compare to PWR and FIX?
Nareru Group's ROE % Adjusted to Book Value of 8.87% can be compared against companies in the Construction 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 Construction company?
A good ROE % Adjusted to Book Value depends on the Construction 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 Nareru Group and its competitors. Nareru Group's current ROE % Adjusted to Book Value is 8.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nareru Group stock overvalued right now?
Based on GuruFocus' analysis, Nareru Group (TSE:9163) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,064.03, compared to a current price of 円2,280.00 — trading 25.6% below its estimated fair value. The current ROE % Adjusted to Book Value is 8.87%. Nareru Group's overall GF Score™ is 56/100 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 Nareru Group (TSE:9163), the current ROE % Adjusted to Book Value is 8.87% as of Apr. 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 Nareru Group (TSE:9163) Overvalued in 2026?

Based on GuruFocus' analysis, Nareru Group stock appears to be undervalued. The current stock price of 円2,280.00 is trading 25.6% below its estimated GF Value™ of 円3,064.03. GuruFocus considers Nareru Group to be Modestly Undervalued.

Key valuation signals for TSE:9163:

  • ROE % Adjusted to Book Value: 8.87%
  • GF Value™: 円3,064.03 vs. price of 円2,280.00 (25.6% below fair value)
  • GF Score™: 56/100 with 1 warning sign

No single metric tells the full story. See the TSE:9163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nareru Group Business Description

Address 3-5 Nibancho, 3rd Floor, Kojimachi Mitsuha Building, Chiyoda-ku, Tokyo, JPN, 102-0084
Nareru Group Inc is engaged in the Dispatching service of construction engineers and computer engineers. The company provides services in the areas of architecture, civil engineering, air conditioning and sanitary, and electrical equipment.
56GF Score

Get the complete analysis for TSE:9163

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

円2,280.00
Price
円3,064.03
GF Value