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Bull-Doguce CoTSE:2804 -0.17%66 ROE % is 2.99% as of Mar. 2026, which is 15% below its 10-year median of 3.50. GuruFocus rates TSE:2804 with a GF Score™ of 66/100 and a GF Value™ of 円2,049.46 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,921 Consumer Packaged Goods companies, Bull-Doguce Co ranks better than 63.4% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bull-Doguce Co's annualized net income for the quarter that ended in Mar. 2026 was 円742 Mil. Bull-Doguce Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円24,835 Mil. Therefore, Bull-Doguce Co's annualized ROE % for the quarter that ended in Mar. 2026 was 2.99%.
The historical rank and industry rank for Bull-Doguce Co's ROE % or its related term are showing as below:
TSE:2804'
s ROE % Range Over the Past 10 Years
Min: 0.7 Med: 3.5 Max: 10.45
Current: 10.3
During the past 13 years, Bull-Doguce Co's highest ROE % was 10.45%. The lowest was 0.70%. And the median was 3.50%.
TSE:2804's ROE % is ranked better than 63.4% of 1921
companies
in the Consumer Packaged Goods industry
Industry Median: 6.79
vs TSE:2804: 10.30
Bull-Doguce Co (TSE:2804) 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.
Bull-Doguce Co ROE % Related Terms
Bull-Doguce Co ROE % Historical Data
* Premium members only.
The historical data trend for Bull-Doguce 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 Packaged Foods subindustry, Bull-Doguce 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.
Bull-Doguce Co ROE % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bull-Doguce Co's ROE % distribution charts can be found below:
* The bar in red indicates where Bull-Doguce 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.
Bull-Doguce Co (TSE:2804) has a ROE % of 2.99% 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 Bull-Doguce Co and its competitors. This is 15% below median its historical median of 3.50. Over the past decade, Bull-Doguce Co's ROE % has ranged from 0.70 to 10.45. According to the industry distribution chart, Bull-Doguce Co ranks #703 out of 1921 companies in the Consumer Packaged Goods industry, placing it in the top 36.6%.
Is Bull-Doguce Co's ROE % too high?
Bull-Doguce Co's current ROE % of 2.99% is 15% below median its 10-year median of 3.50. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 10.45. The Consumer Packaged Goods industry median ROE % is 6.79. Bull-Doguce Co's value of 2.99% is 56% below this industry median. Based on the distribution chart, Bull-Doguce Co ranks #703 out of 1921 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Bull-Doguce Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bull-Doguce Co's ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Bull-Doguce Co ranks #703 out of 1921 companies for ROE %. This puts Bull-Doguce Co in the upper half of its industry. The industry median ROE % is 6.79. Bull-Doguce Co's value of 2.99% is 56% below this benchmark. Historically, Bull-Doguce Co's own ROE % has ranged from 0.70 to 10.45 over the past decade. While the company's 10-year median is 3.50 vs. the industry median of 6.79, Bull-Doguce Co has consistently been below 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 Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.79, based on 1,921 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. Bull-Doguce Co's current ROE % of 2.99% is 56% below 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 Bull-Doguce Co and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bull-Doguce Co's current ROE % is 2.99%, which is 15% below median its own 10-year median of 3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bull-Doguce Co stock overvalued right now?
Based on GuruFocus' analysis, Bull-Doguce Co (TSE:2804) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,049.46, compared to a current price of 円1,798.00 — trading 12.3% below its estimated fair value. The current ROE % is 2.99%, which is 15% below median its 10-year median of 3.50 and 56% below the Consumer Packaged Goods industry median of 6.79. Bull-Doguce 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 Bull-Doguce Co (TSE:2804), the current ROE % is 2.99% 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 Bull-Doguce Co (TSE:2804) Overvalued in 2026?
Based on GuruFocus' analysis, Bull-Doguce Co stock appears to be undervalued.
The current stock price of 円1,798.00 is trading 12.3% below its estimated GF Value™ of 円2,049.46.
GuruFocus considers Bull-Doguce Co to be Modestly Undervalued.
Key valuation signals for TSE:2804:
ROE %: 2.99% (15% below median its 10-year median of 3.50)
GF Value™: 円2,049.46 vs. price of 円1,798.00 (12.3% below fair value)
Industry Position: 56% below the Consumer Packaged Goods median (#703 of 1921)
No single metric tells the full story. See the TSE:2804 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bull-Dog Sauce Co Ltd is engaged in the business to manufacture and sale sauces and other seasonings. The product line includes - Okonomiyaki sauce, Yakisoba sauce, Takoyaki sauce, and Cooking sauce.
66GF Score
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