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NMS HoldingsTSE:2162 46 ROE % is 19.61% as of Mar. 2026, which is 126% above its 10-year median of 8.68. GuruFocus rates TSE:2162 with a GF Score™ of 46/100 and a GF Value™ of 円335.22 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,431 Hardware companies, NMS Holdings ranks better than 58.12% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. NMS Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円926 Mil. NMS Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円4,720 Mil. Therefore, NMS Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 19.61%.
The historical rank and industry rank for NMS Holdings's ROE % or its related term are showing as below:
TSE:2162'
s ROE % Range Over the Past 10 Years
Min: -53.67 Med: 8.68 Max: 25.24
Current: 6.65
During the past 13 years, NMS Holdings's highest ROE % was 25.24%. The lowest was -53.67%. And the median was 8.68%.
TSE:2162's ROE % is ranked better than 58.12% of 2431
companies
in the Hardware industry
Industry Median: 4.66
vs TSE:2162: 6.65
NMS Holdings (TSE:2162) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
NMS Holdings ROE % Related Terms
NMS Holdings ROE % Historical Data
* Premium members only.
The historical data trend for NMS Holdings'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 Electronic Components subindustry, NMS Holdings'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.
NMS Holdings ROE % vs Hardware Industry
For the Hardware industry and Technology sector, NMS Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where NMS Holdings'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
NMS Holdings (TSE:2162) has a ROE % of 19.61% 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 NMS Holdings and its competitors. This is 126% above median its historical median of 8.68. According to the industry distribution chart, NMS Holdings ranks #1018 out of 2431 companies in the Hardware industry, placing it in the top 41.9%.
Is NMS Holdings' ROE % too high?
NMS Holdings' current ROE % of 19.61% is 126% above median its 10-year median of 8.68. The Hardware industry median ROE % is 4.66. NMS Holdings' value of 19.61% is 320.8% above this industry median. Based on the distribution chart, NMS Holdings ranks #1018 out of 2431 companies in the Hardware industry, which is above the industry midpoint. Overall, NMS Holdings has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NMS Holdings' ROE % compare to APH and GLW?
According to the Hardware industry distribution chart, NMS Holdings ranks #1018 out of 2431 companies for ROE %. This puts NMS Holdings in the upper half of its industry. The industry median ROE % is 4.66. NMS Holdings' value of 19.61% is 320.8% above this benchmark. While the company's 10-year median is 8.68 vs. the industry median of 4.66, NMS Holdings 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 Hardware company?
The median ROE % among Hardware companies is 4.66, based on 2,431 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. NMS Holdings's current ROE % of 19.61% is 320.8% 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 NMS Holdings and its competitors. For the Hardware industry, the median ROE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMS Holdings's current ROE % is 19.61%, which is 126% above median its own 10-year median of 8.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMS Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMS Holdings (TSE:2162) is currently considered Significantly Overvalued. The stock's GF Value™ is 円335.22, compared to a current price of 円533.00 — trading 59% above its estimated fair value. The current ROE % is 19.61%, which is 126% above median its 10-year median of 8.68 and 320.8% above the Hardware industry median of 4.66. NMS Holdings' overall GF Score™ is 46/100 with 9 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 NMS Holdings (TSE:2162), the current ROE % is 19.61% 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 NMS Holdings (TSE:2162) Overvalued in 2026?
Based on GuruFocus' analysis, NMS Holdings stock appears to be overvalued.
The current stock price of 円533.00 is trading 59% above its estimated GF Value™ of 円335.22.
GuruFocus considers NMS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:2162:
ROE %: 19.61% (126% above median its 10-year median of 8.68)
GF Value™: 円335.22 vs. price of 円533.00 (59% above fair value)
Industry Position: 320.8% above the Hardware median (#1018 of 2431)
No single metric tells the full story. See the TSE:2162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMS Holdings Corp is a Japan-based company. Its business activities are divided into four operating segments including Human resource solution business, Electronics manufacturing service (EMS) business, Vision ( neo EMS ), and Power supply business. The company offers staff members for contract manufacturing, engineer dispatch service, repairs and customer service. Its EMS business offers a wide range of services concerning board assembly through an integrated production process and firm management system. NMS also offers solutions for power supply and power supply-related products.
46GF Score
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