Azearth (TSE:3161) ROE %: 3.96% (As of Apr. 2026) — 11% Above Median


TSE:3161 Azearth Corp TSE:3161
65 GF Score
Price 円661.00
GF Value 円655.43
Valuation Fairly Valued
! 6 Warning Signs
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What is Azearth ROE %?

Azearth TSE:3161 +0.15% 65 ROE % is 3.96% as of Apr. 2026, which is 11% above its 10-year median of 3.57. GuruFocus rates TSE:3161 with a GF Score™ of 65/100 and a GF Value™ of 円655.43 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Azearth ranks worse than 60.22% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Azearth's annualized net income for the quarter that ended in Apr. 2026 was 円267 Mil. Azearth's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was 円6,740 Mil. Therefore, Azearth's annualized ROE % for the quarter that ended in Apr. 2026 was 3.96%.

The historical rank and industry rank for Azearth's ROE % or its related term are showing as below:

TSE:3161' s ROE % Range Over the Past 10 Years
Min: 2.03   Med: 3.57   Max: 10.58
Current: 2.05

During the past 13 years, Azearth's highest ROE % was 10.58%. The lowest was 2.03%. And the median was 3.57%.

TSE:3161's ROE % is ranked worse than
60.22% of 1018 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.04 vs TSE:3161: 2.05

Azearth  (TSE:3161) 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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=266.598/6740.212
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(266.598 / 9024.732)*(9024.732 / 8353.921)*(8353.921 / 6740.212)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.95 %*1.0803*1.2394
=ROA %*Equity Multiplier
=3.19 %*1.2394
=3.96 %

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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=266.598/6740.212
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (266.598 / 385.152) * (385.152 / 360.484) * (360.484 / 9024.732) * (9024.732 / 8353.921) * (8353.921 / 6740.212)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6922 * 1.0684 * 3.99 % * 1.0803 * 1.2394
=3.96 %

Note: The net income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.


Azearth ROE % Related Terms


Azearth ROE % Historical Data

* Premium members only.

The historical data trend for Azearth'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.

Azearth ROE % Chart

Azearth Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.29 6.31 2.82 2.95 2.03

Azearth Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 2.48 1.96 3.98 0.15 3.96

Azearth ROE % Competitor Comparison

For the Textile Manufacturing subindustry, Azearth'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.


Azearth ROE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azearth's ROE % distribution charts can be found below:

* The bar in red indicates where Azearth's ROE % falls into.


TSE:3161
65GF Score
Azearth Corp TSE:3161
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azearth ROE % Calculation

Azearth's annualized ROE % for the fiscal year that ended in Apr. 2026 is calculated as

ROE %=Net Income (A: Apr. 2026 )/( (Total Stockholders Equity (A: Apr. 2025 )+Total Stockholders Equity (A: Apr. 2026 ))/ count )
=138.234/( (6768.319+6826.087)/ 2 )
=138.234/6797.203
=2.03 %

Azearth's annualized ROE % for the quarter that ended in Apr. 2026 is calculated as

ROE %=Net Income (Q: Apr. 2026 )/( (Total Stockholders Equity (Q: Oct. 2025 )+Total Stockholders Equity (Q: Apr. 2026 ))/ count )
=266.598/( (6654.337+6826.087)/ 2 )
=266.598/6740.212
=3.96 %

* 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 (Apr. 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 3.96% mean?
Azearth (TSE:3161) has a ROE % of 3.96% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Azearth and its competitors. This is 11% above median its historical median of 3.57. Over the past decade, Azearth's ROE % has ranged from 2.03 to 10.58. According to the industry distribution chart, Azearth ranks #613 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 60.2%.
Is Azearth's ROE % too high?
Azearth's current ROE % of 3.96% is 11% above median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 10.58. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Azearth's value of 3.96% is 2% below this industry median. Based on the distribution chart, Azearth ranks #613 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Azearth has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Azearth's ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Azearth ranks #613 out of 1018 companies for ROE %. This places Azearth in the lower half of its industry. The industry median ROE % is 4.04. Azearth's value of 3.96% is 2% below this benchmark. Historically, Azearth's own ROE % has ranged from 2.03 to 10.58 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 4.04, Azearth 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,018 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. Azearth's current ROE % of 3.96% is 2% 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 Azearth and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azearth's current ROE % is 3.96%, which is 11% above median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azearth stock overvalued right now?
Based on GuruFocus' analysis, Azearth (TSE:3161) is currently considered Fairly Valued. The stock's GF Value™ is 円655.43, compared to a current price of 円661.00 — trading 0.8% above its estimated fair value. The current ROE % is 3.96%, which is 11% above median its 10-year median of 3.57 and 2% below the Manufacturing - Apparel & Accessories industry median of 4.04. Azearth's overall GF Score™ is 65/100 with 6 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 Azearth (TSE:3161), the current ROE % is 3.96% as of Apr. 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 Azearth (TSE:3161) Overvalued in 2026?

Based on GuruFocus' analysis, Azearth stock appears to be overvalued. The current stock price of 円661.00 is trading 0.8% above its estimated GF Value™ of 円655.43. GuruFocus considers Azearth to be Fairly Valued.

Key valuation signals for TSE:3161:

  • ROE %: 3.96% (11% above median its 10-year median of 3.57)
  • GF Value™: 円655.43 vs. price of 円661.00 (0.8% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 2% below the Manufacturing - Apparel & Accessories median (#613 of 1018)

No single metric tells the full story. See the TSE:3161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Azearth Business Description

Address 4-13-7 Kuramae, Taito-ku, Tokyo, JPN, 111-8623
Azearth Corp is a Japan-based company engaged in the manufacture and sale of protective wear, healthcare products, and life material products. It operates through three reportable segments: Protective Clothing & Environmental Equipment, Healthcare Products, and Life Materials. The Protective Clothing & Environmental Equipment segment includes chemical protective suits, industrial safety clothing, and related equipment. The Healthcare Products segment focuses on nonwoven fabric items such as masks and gowns used in medical settings. The Life Materials segment handles apparel materials like pile fabrics and offers a range of bedding products, including pillows and mattresses.
65GF Score

Get the complete analysis for TSE:3161

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

円661.00
Price
円655.43
GF Value