Ecomic Co (SSE:3802) ROE %: 32.25% (As of Mar. 2026) — 189% Above Median


SSE:3802 Ecomic Co Ltd SSE:3802
80 GF Score
Price 円772.50
GF Value 円770.86
! 3 Warning Signs
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What is Ecomic Co ROE %?

Ecomic Co SSE:3802 80 ROE % is 32.25% as of Mar. 2026, which is 189% above its 10-year median of 11.16. GuruFocus rates SSE:3802 with a GF Score™ of 80/100 and a GF Value™ of 円770.86. The stock has 3 warning signs investors should review. Among 1,059 Business Services companies, Ecomic Co ranks worse than 54.96% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ecomic Co's annualized net income for the quarter that ended in Mar. 2026 was 円480 Mil. Ecomic Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円1,488 Mil. Therefore, Ecomic Co's annualized ROE % for the quarter that ended in Mar. 2026 was 32.25%.

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

SSE:3802' s ROE % Range Over the Past 10 Years
Min: 2.39   Med: 11.16   Max: 14.78
Current: 6.86

During the past 13 years, Ecomic Co's highest ROE % was 14.78%. The lowest was 2.39%. And the median was 11.16%.

SSE:3802's ROE % is ranked worse than
54.96% of 1059 companies
in the Business Services industry
Industry Median: 8.09 vs SSE:3802: 6.86

Ecomic Co  (SSE:3802) 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
=479.962/1488.3705
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(479.962 / 3337.516)*(3337.516 / 1689.1705)*(1689.1705 / 1488.3705)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.38 %*1.9758*1.1349
=ROA %*Equity Multiplier
=28.41 %*1.1349
=32.25 %

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
=479.962/1488.3705
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (479.962 / 682.524) * (682.524 / 723.764) * (723.764 / 3337.516) * (3337.516 / 1689.1705) * (1689.1705 / 1488.3705)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7032 * 0.943 * 21.69 % * 1.9758 * 1.1349
=32.25 %

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.


Ecomic Co ROE % Related Terms


Ecomic Co ROE % Historical Data

* Premium members only.

The historical data trend for Ecomic 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.

Ecomic Co ROE % Chart

Ecomic 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 10.51 13.94 8.17 2.39 6.91

Ecomic 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 33.09 -20.53 25.75 -15.31 32.25

SSE:3802 vs CTAS, CPRT, ULS: ROE % Comparison

For the Specialty Business Services subindustry, Ecomic 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.


Ecomic Co ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, Ecomic Co's ROE % distribution charts can be found below:

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


SSE:3802
80GF Score
Ecomic Co Ltd SSE:3802
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ecomic Co ROE % Calculation

Ecomic 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 )
=109.252/( (1801.072+1361.474)/ 2 )
=109.252/1581.273
=6.91 %

Ecomic 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 )
=479.962/( (1615.267+1361.474)/ 2 )
=479.962/1488.3705
=32.25 %

* 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 32.25% mean?
Ecomic Co (SSE:3802) has a ROE % of 32.25% 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 Ecomic Co and its competitors. This is 189% above median its historical median of 11.16. Over the past decade, Ecomic Co's ROE % has ranged from 2.39 to 14.78. According to the industry distribution chart, Ecomic Co ranks #582 out of 1059 companies in the Business Services industry, placing it in the top 55%.
Is Ecomic Co's ROE % too high?
Ecomic Co's current ROE % of 32.25% is 189% above median its 10-year median of 11.16. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 14.78. The Business Services industry median ROE % is 8.09. Ecomic Co's value of 32.25% is 298.6% above this industry median. Based on the distribution chart, Ecomic Co ranks #582 out of 1059 companies in the Business Services industry, which is below the industry midpoint. Overall, Ecomic Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Ecomic Co's ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Ecomic Co ranks #582 out of 1059 companies for ROE %. This places Ecomic Co in the lower half of its industry. The industry median ROE % is 8.09. Ecomic Co's value of 32.25% is 298.6% above this benchmark. Historically, Ecomic Co's own ROE % has ranged from 2.39 to 14.78 over the past decade. While the company's 10-year median is 11.16 vs. the industry median of 8.09, Ecomic 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 Business Services company?
The median ROE % among Business Services companies is 8.09, based on 1,059 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. Ecomic Co's current ROE % of 32.25% is 298.6% 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 Ecomic Co and its competitors. For the Business Services industry, the median ROE % is 8.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecomic Co's current ROE % is 32.25%, which is 189% above median its own 10-year median of 11.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomic Co stock overvalued right now?
Ecomic Co (SSE:3802) has a current ROE % of 32.25%. The stock's GF Value™ is 円770.86, compared to a current price of 円772.50 — trading 0.2% above its estimated fair value. The current ROE % is 32.25%, which is 189% above median its 10-year median of 11.16 and 298.6% above the Business Services industry median of 8.09. Ecomic Co's overall GF Score™ is 80/100 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 Ecomic Co (SSE:3802), the current ROE % is 32.25% 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 Ecomic Co (SSE:3802) Overvalued in 2026?

Based on GuruFocus' analysis, Ecomic Co stock appears to be overvalued. The current stock price of 円772.50 is trading 0.2% above its estimated GF Value™ of 円770.86.

Key valuation signals for SSE:3802:

  • ROE %: 32.25% (189% above median its 10-year median of 11.16)
  • GF Value™: 円770.86 vs. price of 円772.50 (0.2% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 298.6% above the Business Services median (#582 of 1059)

No single metric tells the full story. See the SSE:3802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ecomic Co Business Description

Other Exchanges 3802:Japan
Address Otanishi 8-chome 1-1 Asahi Life Sapporo Odori Building, Chuo-ku, Sapporo, JPN, 060-0042
Ecomic Co Ltd is a Japanese firm. It provides payroll outsourcing services. The Company develops and sells payroll calculation systems and provides salary consulting services throughout Japan. It also develops and maintains computer software and sells and operates personnel management systems.
80GF Score

Get the complete analysis for SSE:3802

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

円772.50
Price
円770.86
GF Value