UpconNGO:5075 -1.69%66 ROE % is 12.85% as of Jan. 2026, which is 24% above its 10-year median of 10.40. GuruFocus rates NGO:5075 with a GF Score™ of 66/100 and a GF Value™ of 円738.20 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,743 Construction companies, Upcon ranks better than 81.87% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Upcon's annualized net income for the quarter that ended in Jan. 2026 was 円229 Mil. Upcon's average Total Stockholders Equity over the quarter that ended in Jan. 2026 was 円1,786 Mil. Therefore, Upcon's annualized ROE % for the quarter that ended in Jan. 2026 was 12.85%.
The historical rank and industry rank for Upcon's ROE % or its related term are showing as below:
NGO:5075'
s ROE % Range Over the Past 10 Years
Min: 2.8 Med: 10.4 Max: 20.25
Current: 17.87
During the past 7 years, Upcon's highest ROE % was 20.25%. The lowest was 2.80%. And the median was 10.40%.
NGO:5075's ROE % is ranked better than 81.87% of 1743
companies
in the Construction industry
Industry Median: 6.69
vs NGO:5075: 17.87
Upcon (NGO:5075) 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 (Jan. 2026) net income data. The Revenue data used here is two times the semi-annual (Jan. 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.
Upcon ROE % Related Terms
Upcon ROE % Historical Data
* Premium members only.
The historical data trend for Upcon'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 Engineering & Construction subindustry, Upcon'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.
Upcon ROE % vs Construction Industry
For the Construction industry and Industrials sector, Upcon's ROE % distribution charts can be found below:
* The bar in red indicates where Upcon'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 (Jan. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Upcon (NGO:5075) has a ROE % of 12.85% as of Jan. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Upcon and its competitors. This is 24% above median its historical median of 10.40. Over the past decade, Upcon's ROE % has ranged from 2.80 to 20.25. According to the industry distribution chart, Upcon ranks #316 out of 1743 companies in the Construction industry, placing it in the top 18.1%.
Is Upcon's ROE % too high?
Upcon's current ROE % of 12.85% is 24% above median its 10-year median of 10.40. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 20.25. The Construction industry median ROE % is 6.69. Upcon's value of 12.85% is 92.1% above this industry median. Based on the distribution chart, Upcon ranks #316 out of 1743 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Upcon has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Upcon's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, Upcon ranks #316 out of 1743 companies for ROE %. This places Upcon in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 6.69. Upcon's value of 12.85% is 92.1% above this benchmark. Historically, Upcon's own ROE % has ranged from 2.80 to 20.25 over the past decade. While the company's 10-year median is 10.40 vs. the industry median of 6.69, Upcon 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 Construction company?
The median ROE % among Construction companies is 6.69, based on 1,743 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. Upcon's current ROE % of 12.85% is 92.1% 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 Upcon and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upcon's current ROE % is 12.85%, which is 24% above median its own 10-year median of 10.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upcon stock overvalued right now?
Based on GuruFocus' analysis, Upcon (NGO:5075) is currently considered Significantly Overvalued. The stock's GF Value™ is 円738.20, compared to a current price of 円1,283.00 — trading 73.8% above its estimated fair value. The current ROE % is 12.85%, which is 24% above median its 10-year median of 10.40 and 92.1% above the Construction industry median of 6.69. Upcon's overall GF Score™ is 66/100 with 2 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 Upcon (NGO:5075), the current ROE % is 12.85% as of Jan. 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 Upcon (NGO:5075) Overvalued in 2026?
Based on GuruFocus' analysis, Upcon stock appears to be overvalued.
The current stock price of 円1,283.00 is trading 73.8% above its estimated GF Value™ of 円738.20.
GuruFocus considers Upcon to be Significantly Overvalued.
Key valuation signals for NGO:5075:
ROE %: 12.85% (24% above median its 10-year median of 10.40)
GF Value™: 円738.20 vs. price of 円1,283.00 (73.8% above fair value)
Industry Position: 92.1% above the Construction median (#316 of 1743)
No single metric tells the full story. See the NGO:5075 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Upcon Corp operates in the civil engineering and construction industry predominantly in Japan. The company applies its Upcon method, which uses completely non-freon urethane resin and small machines to repair subsidence, tilt, steps, gaps, etc., in concrete floors, caused by earthquakes or uneven ground settlement. The Upcon method is also used to correct unevenness on roads, ports, and airports, mainly for public works projects. In addition, the company provides gap and cavity filling services, maintains and repairs waterway tunnels, and is working on several projects, including a new construction method using urethane foam resin. It operates in a single segment, the subsidence correction business.
66GF Score
Get the complete analysis for NGO:5075
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:5075 has been successfully added to your 
