Shinden HightexTSE:3131 +1.96%60 ROE % is 4.86% as of Mar. 2026, which is 46% below its 10-year median of 8.92. GuruFocus rates TSE:3131 with a GF Score™ of 60/100 and a GF Value™ of 円2,878.93 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,431 Hardware companies, Shinden Hightex ranks better than 50.35% on this metric.
The historical rank and industry rank for Shinden Hightex's ROE % or its related term are showing as below:
TSE:3131'
s ROE % Range Over the Past 10 Years
Min: 3.51 Med: 8.92 Max: 13.63
Current: 4.76
During the past 13 years, Shinden Hightex's highest ROE % was 13.63%. The lowest was 3.51%. And the median was 8.92%.
TSE:3131's ROE % is ranked better than 50.35% of 2431
companies
in the Hardware industry
Industry Median: 4.66
vs TSE:3131: 4.76
Shinden Hightex (TSE:3131) 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.
Shinden Hightex ROE % Related Terms
Shinden Hightex ROE % Historical Data
* Premium members only.
The historical data trend for Shinden Hightex'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 Electronics & Computer Distribution subindustry, Shinden Hightex'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.
Shinden Hightex ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Shinden Hightex's ROE % distribution charts can be found below:
* The bar in red indicates where Shinden Hightex'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.
Shinden Hightex (TSE:3131) has a ROE % of 4.86% 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 Shinden Hightex and its competitors. This is 46% below median its historical median of 8.92. Over the past decade, Shinden Hightex's ROE % has ranged from 3.51 to 13.63. According to the industry distribution chart, Shinden Hightex ranks #1207 out of 2431 companies in the Hardware industry, placing it in the top 49.7%.
Is Shinden Hightex's ROE % too high?
Shinden Hightex's current ROE % of 4.86% is 46% below median its 10-year median of 8.92. Over the past 10 years, this metric has ranged from a low of 3.51 to a high of 13.63. The Hardware industry median ROE % is 4.66. Shinden Hightex's value of 4.86% is 4.3% above this industry median. Based on the distribution chart, Shinden Hightex ranks #1207 out of 2431 companies in the Hardware industry, which is above the industry midpoint. Overall, Shinden Hightex has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinden Hightex's ROE % compare to SNX and ARW?
According to the Hardware industry distribution chart, Shinden Hightex ranks #1207 out of 2431 companies for ROE %. This puts Shinden Hightex in the upper half of its industry. The industry median ROE % is 4.66. Shinden Hightex's value of 4.86% is 4.3% above this benchmark. Historically, Shinden Hightex's own ROE % has ranged from 3.51 to 13.63 over the past decade. While the company's 10-year median is 8.92 vs. the industry median of 4.66, Shinden Hightex 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. Shinden Hightex's current ROE % of 4.86% is 4.3% 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 Shinden Hightex 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. Shinden Hightex's current ROE % is 4.86%, which is 46% below median its own 10-year median of 8.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinden Hightex stock overvalued right now?
Based on GuruFocus' analysis, Shinden Hightex (TSE:3131) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,878.93, compared to a current price of 円3,635.00 — trading 26.3% above its estimated fair value. The current ROE % is 4.86%, which is 46% below median its 10-year median of 8.92 and 4.3% above the Hardware industry median of 4.66. Shinden Hightex's overall GF Score™ is 60/100 with 8 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 Shinden Hightex (TSE:3131), the current ROE % is 4.86% 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 Shinden Hightex (TSE:3131) Overvalued in 2026?
Based on GuruFocus' analysis, Shinden Hightex stock appears to be overvalued.
The current stock price of 円3,635.00 is trading 26.3% above its estimated GF Value™ of 円2,878.93.
GuruFocus considers Shinden Hightex to be Modestly Overvalued.
Key valuation signals for TSE:3131:
ROE %: 4.86% (46% below median its 10-year median of 8.92)
GF Value™: 円2,878.93 vs. price of 円3,635.00 (26.3% above fair value)
Industry Position: 4.3% above the Hardware median (#1207 of 2431)
No single metric tells the full story. See the TSE:3131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinden Hightex Corp is involved in selling various electronic components in Japan. The company offers ICs, liquid crystal displays, memory cards and boards, system products, batteries, and semiconductor components.
60GF Score
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