IchigoTSE:2337 +2.35%86 ROE % is 21.12% as of Feb. 2026, which is 65% above its 10-year median of 12.78. GuruFocus rates TSE:2337 with a GF Score™ of 86/100 and a GF Value™ of 円477.79 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,735 Real Estate companies, Ichigo ranks better than 84.84% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ichigo's annualized net income for the quarter that ended in Feb. 2026 was 円24,412 Mil. Ichigo's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was 円115,573 Mil. Therefore, Ichigo's annualized ROE % for the quarter that ended in Feb. 2026 was 21.12%.
The historical rank and industry rank for Ichigo's ROE % or its related term are showing as below:
TSE:2337'
s ROE % Range Over the Past 10 Years
Min: 4.99 Med: 12.78 Max: 20.04
Current: 14.75
During the past 13 years, Ichigo's highest ROE % was 20.04%. The lowest was 4.99%. And the median was 12.78%.
TSE:2337's ROE % is ranked better than 84.84% of 1735
companies
in the Real Estate industry
Industry Median: 3.96
vs TSE:2337: 14.75
Ichigo (TSE:2337) 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 (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.
Ichigo ROE % Related Terms
Ichigo ROE % Historical Data
* Premium members only.
The historical data trend for Ichigo'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 Real Estate Services subindustry, Ichigo'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.
Ichigo ROE % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Ichigo's ROE % distribution charts can be found below:
* The bar in red indicates where Ichigo'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 (Feb. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Ichigo (TSE:2337) has a ROE % of 21.12% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ichigo and its competitors. This is 65% above median its historical median of 12.78. Over the past decade, Ichigo's ROE % has ranged from 4.99 to 20.04. According to the industry distribution chart, Ichigo ranks #263 out of 1735 companies in the Real Estate industry, placing it in the top 15.2%.
Is Ichigo's ROE % too high?
Ichigo's current ROE % of 21.12% is 65% above median its 10-year median of 12.78. Over the past 10 years, this metric has ranged from a low of 4.99 to a high of 20.04. The Real Estate industry median ROE % is 3.96. Ichigo's value of 21.12% is 433.3% above this industry median. Based on the distribution chart, Ichigo ranks #263 out of 1735 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Ichigo has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichigo's ROE % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Ichigo ranks #263 out of 1735 companies for ROE %. This places Ichigo in the top 15% of its industry — outperforming the majority of peers. The industry median ROE % is 3.96. Ichigo's value of 21.12% is 433.3% above this benchmark. Historically, Ichigo's own ROE % has ranged from 4.99 to 20.04 over the past decade. While the company's 10-year median is 12.78 vs. the industry median of 3.96, Ichigo 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 Real Estate company?
The median ROE % among Real Estate companies is 3.96, based on 1,735 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. Ichigo's current ROE % of 21.12% is 433.3% 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 Ichigo and its competitors. For the Real Estate industry, the median ROE % is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo's current ROE % is 21.12%, which is 65% above median its own 10-year median of 12.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo stock overvalued right now?
Based on GuruFocus' analysis, Ichigo (TSE:2337) is currently considered Fairly Valued. The stock's GF Value™ is 円477.79, compared to a current price of 円435.00 — trading 9% below its estimated fair value. The current ROE % is 21.12%, which is 65% above median its 10-year median of 12.78 and 433.3% above the Real Estate industry median of 3.96. Ichigo's overall GF Score™ is 86/100 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 Ichigo (TSE:2337), the current ROE % is 21.12% as of Feb. 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 Ichigo (TSE:2337) Overvalued in 2026?
Based on GuruFocus' analysis, Ichigo stock appears to be undervalued.
The current stock price of 円435.00 is trading 9% below its estimated GF Value™ of 円477.79.
GuruFocus considers Ichigo to be Fairly Valued.
Key valuation signals for TSE:2337:
ROE %: 21.12% (65% above median its 10-year median of 12.78)
GF Value™: 円477.79 vs. price of 円435.00 (9% below fair value)
Industry Position: 433.3% above the Real Estate median (#263 of 1735)
No single metric tells the full story. See the TSE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichigo Inc is a Japanese real estate owner and operator, and clean energy producer. It manages several real estate investment trusts and operates solar plants across Japan. REIT opportunities include midsize hotel and office properties. Revenue is generated through fees via the management of the Ichigo REIT and private funds, and other fee-generating real estate services related to sourcing, financing, operation, property management, facility management, and disposition of real estate assets. Additional income is generated through the sale of properties and rental income. Clean Energy services involve the production of mega solar power.
86GF Score
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