Taiyo Kagaku CoNGO:2902 +0.58%76 ROE % is 10.52% as of Mar. 2026, which is 43% above its 10-year median of 7.35. GuruFocus rates NGO:2902 with a GF Score™ of 76/100 and a GF Value™ of 円1,866.26 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,580 Chemicals companies, Taiyo Kagaku Co ranks better than 72.28% on this metric.
The historical rank and industry rank for Taiyo Kagaku Co's ROE % or its related term are showing as below:
NGO:2902'
s ROE % Range Over the Past 10 Years
Min: 5.23 Med: 7.35 Max: 9.92
Current: 9.92
During the past 13 years, Taiyo Kagaku Co's highest ROE % was 9.92%. The lowest was 5.23%. And the median was 7.35%.
NGO:2902's ROE % is ranked better than 72.28% of 1580
companies
in the Chemicals industry
Industry Median: 5.195
vs NGO:2902: 9.92
Taiyo Kagaku Co (NGO:2902) 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:
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.
Taiyo Kagaku Co ROE % Related Terms
Taiyo Kagaku Co ROE % Historical Data
* Premium members only.
The historical data trend for Taiyo Kagaku 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.
For the Specialty Chemicals subindustry, Taiyo Kagaku 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.
Taiyo Kagaku Co ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Taiyo Kagaku Co's ROE % distribution charts can be found below:
* The bar in red indicates where Taiyo Kagaku Co's ROE % falls into.
* 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.
Taiyo Kagaku Co (NGO:2902) has a ROE % of 10.52% 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 Taiyo Kagaku Co and its competitors. This is 43% above median its historical median of 7.35. Over the past decade, Taiyo Kagaku Co's ROE % has ranged from 5.23 to 9.92. According to the industry distribution chart, Taiyo Kagaku Co ranks #438 out of 1580 companies in the Chemicals industry, placing it in the top 27.7%.
Is Taiyo Kagaku Co's ROE % too high?
Taiyo Kagaku Co's current ROE % of 10.52% is 43% above median its 10-year median of 7.35. Over the past 10 years, this metric has ranged from a low of 5.23 to a high of 9.92. The Chemicals industry median ROE % is 5.20. Taiyo Kagaku Co's value of 10.52% is 102.5% above this industry median. Based on the distribution chart, Taiyo Kagaku Co ranks #438 out of 1580 companies in the Chemicals industry, which is above the industry midpoint. Overall, Taiyo Kagaku Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiyo Kagaku Co's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiyo Kagaku Co ranks #438 out of 1580 companies for ROE %. This puts Taiyo Kagaku Co in the upper half of its industry. The industry median ROE % is 5.20. Taiyo Kagaku Co's value of 10.52% is 102.5% above this benchmark. Historically, Taiyo Kagaku Co's own ROE % has ranged from 5.23 to 9.92 over the past decade. While the company's 10-year median is 7.35 vs. the industry median of 5.20, Taiyo Kagaku 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 Chemicals company?
The median ROE % among Chemicals companies is 5.20, based on 1,580 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. Taiyo Kagaku Co's current ROE % of 10.52% is 102.5% 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 Taiyo Kagaku Co and its competitors. For the Chemicals industry, the median ROE % is 5.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiyo Kagaku Co's current ROE % is 10.52%, which is 43% above median its own 10-year median of 7.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiyo Kagaku Co stock overvalued right now?
Based on GuruFocus' analysis, Taiyo Kagaku Co (NGO:2902) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,866.26, compared to a current price of 円2,796.00 — trading 49.8% above its estimated fair value. The current ROE % is 10.52%, which is 43% above median its 10-year median of 7.35 and 102.5% above the Chemicals industry median of 5.20. Taiyo Kagaku Co's overall GF Score™ is 76/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Taiyo Kagaku Co (NGO:2902), the current ROE % is 10.52% 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 Taiyo Kagaku Co (NGO:2902) Overvalued in 2026?
Based on GuruFocus' analysis, Taiyo Kagaku Co stock appears to be overvalued.
The current stock price of 円2,796.00 is trading 49.8% above its estimated GF Value™ of 円1,866.26.
GuruFocus considers Taiyo Kagaku Co to be Significantly Overvalued.
Key valuation signals for NGO:2902:
ROE %: 10.52% (43% above median its 10-year median of 7.35)
GF Value™: 円1,866.26 vs. price of 円2,796.00 (49.8% above fair value)
Industry Position: 102.5% above the Chemicals median (#438 of 1580)
No single metric tells the full story. See the NGO:2902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiyo Kagaku Co Ltd is based in Japan. The company has three reportable segments: the Nutrition Business, the Interface Solutions Business, and the Natural Ingredients Business. The Nutrition Business manufactures and sells functional food ingredients such as catechin (green tea extract), theanine (a functional amino acid), and water-soluble dietary fiber, as well as mineral and vitamin preparations. The Interface Solutions Business manufactures and sells quality improvers such as emulsifiers. The Natural Ingredients Business manufactures and sells food ingredients such as egg products, protein ingredients, ingredients for instant foods, and processed agricultural products, as well as quality improvers and stabilizers.
76GF Score
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