Mie CoNGO:3442 +2.62%66 ROE % is 15.50% as of Mar. 2026, which is 9% above its 10-year median of 14.22. GuruFocus rates NGO:3442 with a GF Score™ of 66/100 and a GF Value™ of 円1,450.09 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 618 Steel companies, Mie Co ranks better than 86.57% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mie Co's annualized net income for the quarter that ended in Mar. 2026 was 円482 Mil. Mie Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円3,112 Mil. Therefore, Mie Co's annualized ROE % for the quarter that ended in Mar. 2026 was 15.50%.
The historical rank and industry rank for Mie Co's ROE % or its related term are showing as below:
NGO:3442'
s ROE % Range Over the Past 10 Years
Min: 11.01 Med: 14.22 Max: 20.06
Current: 14
During the past 13 years, Mie Co's highest ROE % was 20.06%. The lowest was 11.01%. And the median was 14.22%.
NGO:3442's ROE % is ranked better than 86.57% of 618
companies
in the Steel industry
Industry Median: 3.69
vs NGO:3442: 14.00
Mie Co (NGO:3442) 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.
Mie Co ROE % Related Terms
Mie Co ROE % Historical Data
* Premium members only.
The historical data trend for Mie 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 Steel subindustry, Mie 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.
Mie Co ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Mie Co's ROE % distribution charts can be found below:
* The bar in red indicates where Mie 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.
Mie Co (NGO:3442) has a ROE % of 15.50% 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 Mie Co and its competitors. This is near median its historical median of 14.22. Over the past decade, Mie Co's ROE % has ranged from 11.01 to 20.06. According to the industry distribution chart, Mie Co ranks #83 out of 618 companies in the Steel industry, placing it in the top 13.4%.
Is Mie Co's ROE % too high?
Mie Co's current ROE % of 15.50% is near median its 10-year median of 14.22. Over the past 10 years, this metric has ranged from a low of 11.01 to a high of 20.06. The Steel industry median ROE % is 3.69. Mie Co's value of 15.50% is 320.1% above this industry median. Based on the distribution chart, Mie Co ranks #83 out of 618 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mie Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mie Co's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Mie Co ranks #83 out of 618 companies for ROE %. This places Mie Co in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 3.69. Mie Co's value of 15.50% is 320.1% above this benchmark. Historically, Mie Co's own ROE % has ranged from 11.01 to 20.06 over the past decade. While the company's 10-year median is 14.22 vs. the industry median of 3.69, Mie 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 Steel company?
The median ROE % among Steel companies is 3.69, based on 618 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. Mie Co's current ROE % of 15.50% is 320.1% 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 Mie Co and its competitors. For the Steel industry, the median ROE % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mie Co's current ROE % is 15.50%, which is near median its own 10-year median of 14.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mie Co stock overvalued right now?
Based on GuruFocus' analysis, Mie Co (NGO:3442) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,450.09, compared to a current price of 円1,607.00 — trading 10.8% above its estimated fair value. The current ROE % is 15.50%, which is near median its 10-year median of 14.22 and 320.1% above the Steel industry median of 3.69. Mie Co's overall GF Score™ is 66/100 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 Mie Co (NGO:3442), the current ROE % is 15.50% 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 Mie Co (NGO:3442) Overvalued in 2026?
Based on GuruFocus' analysis, Mie Co stock appears to be overvalued.
The current stock price of 円1,607.00 is trading 10.8% above its estimated GF Value™ of 円1,450.09.
GuruFocus considers Mie Co to be Modestly Overvalued.
Key valuation signals for NGO:3442:
ROE %: 15.50% (near median its 10-year median of 14.22)
GF Value™: 円1,450.09 vs. price of 円1,607.00 (10.8% above fair value)
Industry Position: 320.1% above the Steel median (#83 of 618)
No single metric tells the full story. See the NGO:3442 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mie Corp Co Ltd is a Japanese holding company. The company, through its subsidiaries, is engaged in the manufacturing of stainless steel fittings and flanges and the prefabricated piping processing of piping equipment. The products of the company include butt weld type fitting, housing type pipe fitting, and stainless steel pipe flange.
66GF Score
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