Shinobu Foods Products Co (TSE:2903) ROE %: 8.62% (As of Mar. 2026) — 32% Above Median

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TSE:2903 Shinobu Foods Products Co Ltd TSE:2903
69 GF Score
Price 円1,683.00
GF Value 円1,268.11
Valuation Significantly Overvalued
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What is Shinobu Foods Products Co ROE %?

Shinobu Foods Products Co TSE:2903 69 ROE % is 8.62% as of Mar. 2026, which is 32% above its 10-year median of 6.52. GuruFocus rates TSE:2903 with a GF Score™ of 69/100 and a GF Value™ of 円1,268.11 (Significantly Overvalued). Among 1,923 Consumer Packaged Goods companies, Shinobu Foods Products Co ranks better than 66.82% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Shinobu Foods Products Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,306 Mil. Shinobu Foods Products Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円15,146 Mil. Therefore, Shinobu Foods Products Co's annualized ROE % for the quarter that ended in Mar. 2026 was 8.62%.

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

TSE:2903' s ROE % Range Over the Past 10 Years
Min: 0.73   Med: 6.52   Max: 11.22
Current: 11.22

During the past 13 years, Shinobu Foods Products Co's highest ROE % was 11.22%. The lowest was 0.73%. And the median was 6.52%.

TSE:2903's ROE % is ranked better than
66.82% of 1923 companies
in the Consumer Packaged Goods industry
Industry Median: 6.81 vs TSE:2903: 11.22

Shinobu Foods Products Co  (TSE:2903) 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
=1306/15146
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1306 / 61478)*(61478 / 28935)*(28935 / 15146)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.12 %*2.1247*1.9104
=ROA %*Equity Multiplier
=4.5 %*1.9104
=8.62 %

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
=1306/15146
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1306 / 1874) * (1874 / 1876) * (1876 / 61478) * (61478 / 28935) * (28935 / 15146)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6969 * 0.9989 * 3.05 % * 2.1247 * 1.9104
=8.62 %

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.


Shinobu Foods Products Co ROE % Related Terms


Shinobu Foods Products Co ROE % Historical Data

* Premium members only.

The historical data trend for Shinobu Foods Products 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.

Shinobu Foods Products Co ROE % Chart

Shinobu Foods Products 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 7.83 0.73 8.05 6.62 11.21

Shinobu Foods Products 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 2.56 12.26 0.77 13.82 8.62

TSE:2903 vs KHC, GIS: ROE % Comparison

For the Packaged Foods subindustry, Shinobu Foods Products 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.


Shinobu Foods Products Co ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shinobu Foods Products Co's ROE % distribution charts can be found below:

* The bar in red indicates where Shinobu Foods Products Co's ROE % falls into.


TSE:2903
69GF Score
Shinobu Foods Products Co Ltd TSE:2903
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinobu Foods Products Co ROE % Calculation

Shinobu Foods Products 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 )
=1698/( (15128+15166)/ 2 )
=1698/15147
=11.21 %

Shinobu Foods Products 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 )
=1306/( (15126+15166)/ 2 )
=1306/15146
=8.62 %

* 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 8.62% mean?
Shinobu Foods Products Co (TSE:2903) has a ROE % of 8.62% 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 Shinobu Foods Products Co and its competitors. This is 32% above median its historical median of 6.52. Over the past decade, Shinobu Foods Products Co's ROE % has ranged from 0.73 to 11.22. According to the industry distribution chart, Shinobu Foods Products Co ranks #638 out of 1923 companies in the Consumer Packaged Goods industry, placing it in the top 33.2%.
Is Shinobu Foods Products Co's ROE % too high?
Shinobu Foods Products Co's current ROE % of 8.62% is 32% above median its 10-year median of 6.52. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 11.22. The Consumer Packaged Goods industry median ROE % is 6.81. Shinobu Foods Products Co's value of 8.62% is 26.6% above this industry median. Based on the distribution chart, Shinobu Foods Products Co ranks #638 out of 1923 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Shinobu Foods Products Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinobu Foods Products Co's ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shinobu Foods Products Co ranks #638 out of 1923 companies for ROE %. This puts Shinobu Foods Products Co in the upper half of its industry. The industry median ROE % is 6.81. Shinobu Foods Products Co's value of 8.62% is 26.6% above this benchmark. Historically, Shinobu Foods Products Co's own ROE % has ranged from 0.73 to 11.22 over the past decade. While the company's 10-year median is 6.52 vs. the industry median of 6.81, Shinobu Foods Products 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 Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.81, based on 1,923 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. Shinobu Foods Products Co's current ROE % of 8.62% is 26.6% 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 Shinobu Foods Products Co and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinobu Foods Products Co's current ROE % is 8.62%, which is 32% above median its own 10-year median of 6.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinobu Foods Products Co stock overvalued right now?
Based on GuruFocus' analysis, Shinobu Foods Products Co (TSE:2903) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,268.11, compared to a current price of 円1,683.00 — trading 32.7% above its estimated fair value. The current ROE % is 8.62%, which is 32% above median its 10-year median of 6.52 and 26.6% above the Consumer Packaged Goods industry median of 6.81. Shinobu Foods Products Co's overall GF Score™ is 69/100. 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 Shinobu Foods Products Co (TSE:2903), the current ROE % is 8.62% 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 Shinobu Foods Products Co (TSE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Shinobu Foods Products Co stock appears to be overvalued. The current stock price of 円1,683.00 is trading 32.7% above its estimated GF Value™ of 円1,268.11. GuruFocus considers Shinobu Foods Products Co to be Significantly Overvalued.

Key valuation signals for TSE:2903:

  • ROE %: 8.62% (32% above median its 10-year median of 6.52)
  • GF Value™: 円1,268.11 vs. price of 円1,683.00 (32.7% above fair value)
  • GF Score™: 69/100
  • Industry Position: 26.6% above the Consumer Packaged Goods median (#638 of 1923)

No single metric tells the full story. See the TSE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinobu Foods Products Co Business Description

Address 2-3-18 Takeshima, Nishiyodogawa Ward, Osaka, JPN
Shinobu Foods Products Co Ltd is a Japanese food company. It offers processed food products. The product portfolio of the company includes Onigiri Q, Mckee bar, rice ball onigiri, fluffy rice ball, cabbage dinner meal box and others.
69GF Score

Get the complete analysis for TSE:2903

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

円1,683.00
Price
円1,268.11
GF Value