Marusan-Ai Co (NGO:2551) ROE %: 13.53% (As of Mar. 2026) — 30% Above Median

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NGO:2551 Marusan-Ai Co Ltd NGO:2551
47 GF Score
Price 円3,565.00
GF Value 円3,790.75
Valuation Fairly Valued
! 5 Warning Signs
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What is Marusan-Ai Co ROE %?

Marusan-Ai Co NGO:2551 +0.14% 47 ROE % is 13.53% as of Mar. 2026, which is 30% above its 10-year median of 10.42. GuruFocus rates NGO:2551 with a GF Score™ of 47/100 and a GF Value™ of 円3,790.75 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,923 Consumer Packaged Goods companies, Marusan-Ai Co ranks better than 71.5% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Marusan-Ai Co's annualized net income for the quarter that ended in Mar. 2026 was 円977 Mil. Marusan-Ai Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円7,222 Mil. Therefore, Marusan-Ai Co's annualized ROE % for the quarter that ended in Mar. 2026 was 13.53%.

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

NGO:2551' s ROE % Range Over the Past 10 Years
Min: -14.6   Med: 10.42   Max: 24.28
Current: 13.03

During the past 13 years, Marusan-Ai Co's highest ROE % was 24.28%. The lowest was -14.60%. And the median was 10.42%.

NGO:2551's ROE % is ranked better than
71.5% of 1923 companies
in the Consumer Packaged Goods industry
Industry Median: 6.79 vs NGO:2551: 13.03

Marusan-Ai Co  (NGO:2551) 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
=976.968/7221.644
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(976.968 / 32242.746)*(32242.746 / 27559.3785)*(27559.3785 / 7221.644)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.03 %*1.1699*3.8162
=ROA %*Equity Multiplier
=3.54 %*3.8162
=13.53 %

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
=976.968/7221.644
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (976.968 / 1214.79) * (1214.79 / 934.546) * (934.546 / 32242.746) * (32242.746 / 27559.3785) * (27559.3785 / 7221.644)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8042 * 1.2999 * 2.9 % * 1.1699 * 3.8162
=13.53 %

Note: The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.


Marusan-Ai Co ROE % Related Terms


Marusan-Ai Co ROE % Historical Data

* Premium members only.

The historical data trend for Marusan-Ai 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.

Marusan-Ai Co ROE % Chart

Marusan-Ai Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.72 2.17 -14.60 13.64 10.56

Marusan-Ai Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 13.95 13.50 8.90 12.48 13.53

NGO:2551 vs KHC, GIS: ROE % Comparison

For the Packaged Foods subindustry, Marusan-Ai 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.


Marusan-Ai Co ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Marusan-Ai Co's ROE % distribution charts can be found below:

* The bar in red indicates where Marusan-Ai Co's ROE % falls into.


NGO:2551
47GF Score
Marusan-Ai Co Ltd NGO:2551
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Marusan-Ai Co ROE % Calculation

Marusan-Ai Co's annualized ROE % for the fiscal year that ended in Sep. 2025 is calculated as

ROE %=Net Income (A: Sep. 2025 )/( (Total Stockholders Equity (A: Sep. 2024 )+Total Stockholders Equity (A: Sep. 2025 ))/ count )
=712.865/( (6480.031+7017.308)/ 2 )
=712.865/6748.6695
=10.56 %

Marusan-Ai 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: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=976.968/( (7017.308+7425.98)/ 2 )
=976.968/7221.644
=13.53 %

* 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 two times the semi-annual (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 13.53% mean?
Marusan-Ai Co (NGO:2551) has a ROE % of 13.53% 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 Marusan-Ai Co and its competitors. This is 30% above median its historical median of 10.42. According to the industry distribution chart, Marusan-Ai Co ranks #548 out of 1923 companies in the Consumer Packaged Goods industry, placing it in the top 28.5%.
Is Marusan-Ai Co's ROE % too high?
Marusan-Ai Co's current ROE % of 13.53% is 30% above median its 10-year median of 10.42. The Consumer Packaged Goods industry median ROE % is 6.79. Marusan-Ai Co's value of 13.53% is 99.3% above this industry median. Based on the distribution chart, Marusan-Ai Co ranks #548 out of 1923 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Marusan-Ai Co has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marusan-Ai Co's ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Marusan-Ai Co ranks #548 out of 1923 companies for ROE %. This puts Marusan-Ai Co in the upper half of its industry. The industry median ROE % is 6.79. Marusan-Ai Co's value of 13.53% is 99.3% above this benchmark. While the company's 10-year median is 10.42 vs. the industry median of 6.79, Marusan-Ai Co has consistently been above 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 Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.79, based on 1,923 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. Marusan-Ai Co's current ROE % of 13.53% is 99.3% above 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 Marusan-Ai Co and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marusan-Ai Co's current ROE % is 13.53%, which is 30% above median its own 10-year median of 10.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marusan-Ai Co stock overvalued right now?
Based on GuruFocus' analysis, Marusan-Ai Co (NGO:2551) is currently considered Fairly Valued. The stock's GF Value™ is 円3,790.75, compared to a current price of 円3,565.00 — trading 6% below its estimated fair value. The current ROE % is 13.53%, which is 30% above median its 10-year median of 10.42 and 99.3% above the Consumer Packaged Goods industry median of 6.79. Marusan-Ai Co's overall GF Score™ is 47/100 with 5 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 Marusan-Ai Co (NGO:2551), the current ROE % is 13.53% 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 Marusan-Ai Co (NGO:2551) Overvalued in 2026?

Based on GuruFocus' analysis, Marusan-Ai Co stock appears to be undervalued. The current stock price of 円3,565.00 is trading 6% below its estimated GF Value™ of 円3,790.75. GuruFocus considers Marusan-Ai Co to be Fairly Valued.

Key valuation signals for NGO:2551:

  • ROE %: 13.53% (30% above median its 10-year median of 10.42)
  • GF Value™: 円3,790.75 vs. price of 円3,565.00 (6% below fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 99.3% above the Consumer Packaged Goods median (#548 of 1923)

No single metric tells the full story. See the NGO:2551 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marusan-Ai Co Business Description

Address 1,Arasita, Aza, Nikki-cho, Aichi Prefecture, Okazaki, JPN, 444 2193
Marusan-Ai Co Ltd Manufacture and sale of groceries. It manufactures raw, instant, cooking miso, soy milk in sweetened, unsweetened, malt, strawberry, cocoa, & green tea flavors. It also offers green tea and acerola flavor drinks, soy milk base, seasonings base, soy sauce base, among others.
47GF Score

Get the complete analysis for NGO:2551

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

円3,565.00
Price
円3,790.75
GF Value