JAPSY (Japan Airlines Co) ROE %: 7.53% (As of Mar. 2026) — 33% Below Median


JAPSY Japan Airlines Co Ltd JAPSY
83 GF Score
Price $8.80
GF Value $9.59
Valuation Fairly Valued
! 3 Warning Signs
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What is Japan Airlines Co ROE %?

Japan Airlines Co JAPSY +2.26% 83 ROE % is 7.53% as of Mar. 2026, which is 33% below its 10-year median of 11.22. GuruFocus rates JAPSY with a GF Score™ of 83/100 and a GF Value™ of $9.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 991 Transportation companies, Japan Airlines Co ranks better than 68.01% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Japan Airlines Co's annualized net income for the quarter that ended in Mar. 2026 was $602 Mil. Japan Airlines Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $7,986 Mil. Therefore, Japan Airlines Co's annualized ROE % for the quarter that ended in Mar. 2026 was 7.53%.

The historical rank and industry rank for Japan Airlines Co's ROE % or its related term are showing as below:

JAPSY' s ROE % Range Over the Past 10 Years
Min: -29.23   Med: 11.22   Max: 18.09
Current: 11.76

During the past 13 years, Japan Airlines Co's highest ROE % was 18.09%. The lowest was -29.23%. And the median was 11.22%.

JAPSY's ROE % is ranked better than
68.01% of 991 companies
in the Transportation industry
Industry Median: 7.62 vs JAPSY: 11.76

Japan Airlines Co  (OTCPK:JAPSY) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=601.528/7986.43
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(601.528 / 12572.436)*(12572.436 / 19824.2185)*(19824.2185 / 7986.43)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.78 %*0.6342*2.4822
=ROA %*Equity Multiplier
=3.03 %*2.4822
=7.53 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=601.528/7986.43
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (601.528 / 929.68) * (929.68 / 832.528) * (832.528 / 12572.436) * (12572.436 / 19824.2185) * (19824.2185 / 7986.43)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.647 * 1.1167 * 6.62 % * 0.6342 * 2.4822
=7.53 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Japan Airlines Co ROE % Related Terms


Japan Airlines Co ROE % Historical Data

* Premium members only.

The historical data trend for Japan Airlines Co's ROE % 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.

Japan Airlines Co ROE % Chart

Japan Airlines Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.37 4.01 10.47 11.38 11.82

Japan Airlines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 6.75 10.30 13.57 14.78 7.53

JAPSY vs DAL, UAL, LUV: ROE % Comparison

For the Airlines subindustry, Japan Airlines Co's ROE %, along with its competitors' market caps and ROE % 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.


Japan Airlines Co ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, Japan Airlines Co's ROE % distribution charts can be found below:

* The bar in red indicates where Japan Airlines Co's ROE % falls into.


JAPSY
83GF Score
Japan Airlines Co Ltd JAPSY
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Airlines Co ROE % Calculation

Japan Airlines Co's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=867.171/( (6541.478+8127.156)/ 2 )
=867.171/7334.317
=11.82 %

Japan Airlines Co's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=601.528/( (7845.704+8127.156)/ 2 )
=601.528/7986.43
=7.53 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 7.53% mean?
Japan Airlines Co (JAPSY) has a ROE % of 7.53% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Japan Airlines Co and its competitors. This is 33% below median its historical median of 11.22. According to the industry distribution chart, Japan Airlines Co ranks #317 out of 991 companies in the Transportation industry, placing it in the top 32%.
Is Japan Airlines Co's ROE % too high?
Japan Airlines Co's current ROE % of 7.53% is 33% below median its 10-year median of 11.22. The Transportation industry median ROE % is 7.62. Japan Airlines Co's value of 7.53% is 1.2% below this industry median. Based on the distribution chart, Japan Airlines Co ranks #317 out of 991 companies in the Transportation industry, which is above the industry midpoint. Overall, Japan Airlines Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Airlines Co's ROE % compare to DAL and UAL?
According to the Transportation industry distribution chart, Japan Airlines Co ranks #317 out of 991 companies for ROE %. This puts Japan Airlines Co in the upper half of its industry. The industry median ROE % is 7.62. Japan Airlines Co's value of 7.53% is 1.2% below this benchmark. While the company's 10-year median is 11.22 vs. the industry median of 7.62, Japan Airlines Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.62, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Airlines Co's current ROE % of 7.53% is 1.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Japan Airlines Co and its competitors. For the Transportation industry, the median ROE % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Airlines Co's current ROE % is 7.53%, which is 33% below median its own 10-year median of 11.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airlines Co (JAPSY) is currently considered Fairly Valued. The stock's GF Value™ is $9.59, compared to a current price of $8.80 — trading 8.2% below its estimated fair value. The current ROE % is 7.53%, which is 33% below median its 10-year median of 11.22 and 1.2% below the Transportation industry median of 7.62. Japan Airlines Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Japan Airlines Co (JAPSY), the current ROE % is 7.53% 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 Japan Airlines Co (JAPSY) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Airlines Co stock appears to be undervalued. The current stock price of $8.80 is trading 8.2% below its estimated GF Value™ of $9.59. GuruFocus considers Japan Airlines Co to be Fairly Valued.

Key valuation signals for JAPSY:

  • ROE %: 7.53% (33% below median its 10-year median of 11.22)
  • GF Value™: $9.59 vs. price of $8.80 (8.2% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 1.2% below the Transportation median (#317 of 991)

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


Japan Airlines Co Business Description

Address 2-4-11 Higashi-Shinagawa, Nomura Real Estate Building, Shinagawa-ku, Tokyo, JPN, 140-8605
Japan Airlines Co Ltd is an international air transport services company. It offers scheduled and non-scheduled air transport services and aerial work services. The company operates large aircraft, medium-sized aircraft, small aircraft, and regional jets. The company is also engaged in the travel planning and sales business, which covers travel planning and sales, baggage delivery, system development and operation, ticketing systems for the travel industry, and credit card services related to air travel.
83GF Score

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

$8.80
Price
$9.59
GF Value