Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IACE TravelTSE:343A +0.93%20 ROE % is 11.97% as of Mar. 2026, which is 19% below its 10-year median of 14.84. GuruFocus rates TSE:343A with a GF Score™ of 20/100. Among 820 Travel & Leisure companies, IACE Travel ranks better than 73.66% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. IACE Travel's annualized net income for the quarter that ended in Mar. 2026 was 円497 Mil. IACE Travel's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円4,154 Mil. Therefore, IACE Travel's annualized ROE % for the quarter that ended in Mar. 2026 was 11.97%.
The historical rank and industry rank for IACE Travel's ROE % or its related term are showing as below:
TSE:343A'
s ROE % Range Over the Past 10 Years
Min: 10.55 Med: 14.84 Max: 15.12
Current: 14.24
During the past 4 years, IACE Travel's highest ROE % was 15.12%. The lowest was 10.55%. And the median was 14.84%.
TSE:343A's ROE % is ranked better than 73.66% of 820
companies
in the Travel & Leisure industry
Industry Median: 5.485
vs TSE:343A: 14.24
IACE Travel (TSE:343A) 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.
IACE Travel ROE % Related Terms
IACE Travel ROE % Historical Data
* Premium members only.
The historical data trend for IACE Travel'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 Travel Services subindustry, IACE Travel'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.
IACE Travel ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, IACE Travel's ROE % distribution charts can be found below:
* The bar in red indicates where IACE Travel'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.
IACE Travel (TSE:343A) has a ROE % of 11.97% 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 IACE Travel and its competitors. This is 19% below median its historical median of 14.84. Over the past decade, IACE Travel's ROE % has ranged from 10.55 to 15.12. According to the industry distribution chart, IACE Travel ranks #216 out of 820 companies in the Travel & Leisure industry, placing it in the top 26.3%.
Is IACE Travel's ROE % too high?
IACE Travel's current ROE % of 11.97% is 19% below median its 10-year median of 14.84. Over the past 10 years, this metric has ranged from a low of 10.55 to a high of 15.12. The Travel & Leisure industry median ROE % is 5.49. IACE Travel's value of 11.97% is 118.2% above this industry median. Based on the distribution chart, IACE Travel ranks #216 out of 820 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, IACE Travel has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does IACE Travel's ROE % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, IACE Travel ranks #216 out of 820 companies for ROE %. This puts IACE Travel in the upper half of its industry. The industry median ROE % is 5.49. IACE Travel's value of 11.97% is 118.2% above this benchmark. Historically, IACE Travel's own ROE % has ranged from 10.55 to 15.12 over the past decade. While the company's 10-year median is 14.84 vs. the industry median of 5.49, IACE Travel 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 Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 820 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. IACE Travel's current ROE % of 11.97% is 118.2% 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 IACE Travel and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IACE Travel's current ROE % is 11.97%, which is 19% below median its own 10-year median of 14.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IACE Travel stock overvalued right now?
IACE Travel (TSE:343A) has a current ROE % of 11.97%. The current ROE % is 11.97%, which is 19% below median its 10-year median of 14.84 and 118.2% above the Travel & Leisure industry median of 5.49. IACE Travel's overall GF Score™ is 20/100. 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 IACE Travel (TSE:343A), the current ROE % is 11.97% 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.
IACE Travel Corp is engaged in travel business that operates the cloud-based booking system Smart BTM and provides business travel management services.
20GF Score
Get the complete analysis for TSE:343A
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:343A has been successfully added to your 
