Good Com Asset Co (TSE:3475) ROE %: 20.00% (As of Apr. 2026) — 13% Below Median

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TSE:3475 Good Com Asset Co Ltd TSE:3475
82 GF Score
Price 円1,487.00
GF Value 円2,033.49
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Good Com Asset Co ROE %?

Good Com Asset Co TSE:3475 +0.20% 82 ROE % is 20.00% as of Apr. 2026, which is 13% below its 10-year median of 23.02. GuruFocus rates TSE:3475 with a GF Score™ of 82/100 and a GF Value™ of 円2,033.49 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,734 Real Estate companies, Good Com Asset Co ranks better than 83.51% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Good Com Asset Co's annualized net income for the quarter that ended in Apr. 2026 was 円2,823 Mil. Good Com Asset Co's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was 円14,116 Mil. Therefore, Good Com Asset Co's annualized ROE % for the quarter that ended in Apr. 2026 was 20.00%.

The historical rank and industry rank for Good Com Asset Co's ROE % or its related term are showing as below:

TSE:3475' s ROE % Range Over the Past 10 Years
Min: 8.93   Med: 23.02   Max: 36.52
Current: 13.92

During the past 12 years, Good Com Asset Co's highest ROE % was 36.52%. The lowest was 8.93%. And the median was 23.02%.

TSE:3475's ROE % is ranked better than
83.51% of 1734 companies
in the Real Estate industry
Industry Median: 4.015 vs TSE:3475: 13.92

Good Com Asset Co  (TSE:3475) 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
=2822.91/14115.7765
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2822.91 / 58780.63)*(58780.63 / 52435.7805)*(52435.7805 / 14115.7765)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.8 %*1.121*3.7147
=ROA %*Equity Multiplier
=5.38 %*3.7147
=20.00 %

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
=2822.91/14115.7765
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2822.91 / 4450.888) * (4450.888 / 5147.76) * (5147.76 / 58780.63) * (58780.63 / 52435.7805) * (52435.7805 / 14115.7765)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6342 * 0.8646 * 8.76 % * 1.121 * 3.7147
=20.00 %

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.


Good Com Asset Co ROE % Related Terms


Good Com Asset Co ROE % Historical Data

* Premium members only.

The historical data trend for Good Com Asset 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.

Good Com Asset Co ROE % Chart

Good Com Asset Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.29 27.64 8.93 25.99 10.81

Good Com Asset Co 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 6.35 47.55 14.62 7.55 20.00

Good Com Asset Co ROE % Competitor Comparison

For the Real Estate - Diversified subindustry, Good Com Asset 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.


Good Com Asset Co ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Good Com Asset Co's ROE % distribution charts can be found below:

* The bar in red indicates where Good Com Asset Co's ROE % falls into.


TSE:3475
82GF Score
Good Com Asset Co Ltd TSE:3475
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Good Com Asset Co ROE % Calculation

Good Com Asset Co's annualized ROE % for the fiscal year that ended in Oct. 2025 is calculated as

ROE %=Net Income (A: Oct. 2025 )/( (Total Stockholders Equity (A: Oct. 2024 )+Total Stockholders Equity (A: Oct. 2025 ))/ count )
=1521.328/( (13937.058+14202.445)/ 2 )
=1521.328/14069.7515
=10.81 %

Good Com Asset Co'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 )
=2822.91/( (14202.445+14029.108)/ 2 )
=2822.91/14115.7765
=20.00 %

* 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 20.00% mean?
Good Com Asset Co (TSE:3475) has a ROE % of 20.00% 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 Good Com Asset Co and its competitors. This is 13% below median its historical median of 23.02. Over the past decade, Good Com Asset Co's ROE % has ranged from 8.93 to 36.52. According to the industry distribution chart, Good Com Asset Co ranks #286 out of 1734 companies in the Real Estate industry, placing it in the top 16.5%.
Is Good Com Asset Co's ROE % too high?
Good Com Asset Co's current ROE % of 20.00% is 13% below median its 10-year median of 23.02. Over the past 10 years, this metric has ranged from a low of 8.93 to a high of 36.52. The Real Estate industry median ROE % is 4.02. Good Com Asset Co's value of 20.00% is 398.1% above this industry median. Based on the distribution chart, Good Com Asset Co ranks #286 out of 1734 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Good Com Asset Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Good Com Asset Co's ROE % compare to competitors?
According to the Real Estate industry distribution chart, Good Com Asset Co ranks #286 out of 1734 companies for ROE %. This places Good Com Asset Co in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 4.02. Good Com Asset Co's value of 20.00% is 398.1% above this benchmark. Historically, Good Com Asset Co's own ROE % has ranged from 8.93 to 36.52 over the past decade. While the company's 10-year median is 23.02 vs. the industry median of 4.02, Good Com Asset 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 Real Estate company?
The median ROE % among Real Estate companies is 4.02, based on 1,734 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. Good Com Asset Co's current ROE % of 20.00% is 398.1% 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 Good Com Asset Co and its competitors. For the Real Estate industry, the median ROE % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Com Asset Co's current ROE % is 20.00%, which is 13% below median its own 10-year median of 23.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Com Asset Co stock overvalued right now?
Based on GuruFocus' analysis, Good Com Asset Co (TSE:3475) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,033.49, compared to a current price of 円1,487.00 — trading 26.9% below its estimated fair value. The current ROE % is 20.00%, which is 13% below median its 10-year median of 23.02 and 398.1% above the Real Estate industry median of 4.02. Good Com Asset Co's overall GF Score™ is 82/100 with 7 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 Good Com Asset Co (TSE:3475), the current ROE % is 20.00% 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 Good Com Asset Co (TSE:3475) Overvalued in 2026?

Based on GuruFocus' analysis, Good Com Asset Co stock appears to be undervalued. The current stock price of 円1,487.00 is trading 26.9% below its estimated GF Value™ of 円2,033.49. GuruFocus considers Good Com Asset Co to be Modestly Undervalued.

Key valuation signals for TSE:3475:

  • ROE %: 20.00% (13% below median its 10-year median of 23.02)
  • GF Value™: 円2,033.49 vs. price of 円1,487.00 (26.9% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 398.1% above the Real Estate median (#286 of 1734)

No single metric tells the full story. See the TSE:3475 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Good Com Asset Co Business Description

Other Exchanges 3475:Japan
Address 7-20-1, Nishishinjuku, 17th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-0023
Good Com Asset Co Ltd is a Japan-based company mainly engaged in planning, development, sale and management of newly built apartments. It engages in planning, developing, managing, and selling mansions in Japan. It is also providing rent management and real estate consultancy services, as well as property and casualty insurance products.
82GF Score

Get the complete analysis for TSE:3475

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

円1,487.00
Price
円2,033.49
GF Value