System Integrator (TSE:3826) ROE %: 11.62% (As of Feb. 2026) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:3826 System Integrator Corp TSE:3826
76 GF Score
Price 円451.00
GF Value 円485.36
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is System Integrator ROE %?

System Integrator TSE:3826 -0.22% 76 ROE % is 11.62% as of Feb. 2026, which is 23% below its 10-year median of 15.10. GuruFocus rates TSE:3826 with a GF Score™ of 76/100 and a GF Value™ of 円485.36 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,683 Software companies, System Integrator ranks better than 65.3% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. System Integrator's annualized net income for the quarter that ended in Feb. 2026 was 円503 Mil. System Integrator's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was 円4,333 Mil. Therefore, System Integrator's annualized ROE % for the quarter that ended in Feb. 2026 was 11.62%.

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

TSE:3826' s ROE % Range Over the Past 10 Years
Min: 10.03   Med: 15.1   Max: 32.15
Current: 10.76

During the past 13 years, System Integrator's highest ROE % was 32.15%. The lowest was 10.03%. And the median was 15.10%.

TSE:3826's ROE % is ranked better than
65.3% of 2683 companies
in the Software industry
Industry Median: 4.73 vs TSE:3826: 10.76

System Integrator  (TSE:3826) 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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=503.41/4332.979
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(503.41 / 5666.24)*(5666.24 / 5606.6825)*(5606.6825 / 4332.979)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.88 %*1.0106*1.294
=ROA %*Equity Multiplier
=8.97 %*1.294
=11.62 %

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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=503.41/4332.979
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (503.41 / 636.826) * (636.826 / 680.152) * (680.152 / 5666.24) * (5666.24 / 5606.6825) * (5606.6825 / 4332.979)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7905 * 0.9363 * 12 % * 1.0106 * 1.294
=11.62 %

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


System Integrator ROE % Related Terms


System Integrator ROE % Historical Data

* Premium members only.

The historical data trend for System Integrator'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.

System Integrator ROE % Chart

System Integrator Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.20 10.03 28.91 15.00 10.70

System Integrator Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 44.78 4.13 26.36 9.94 11.62

TSE:3826 vs UBER, SHOP, CRM: ROE % Comparison

For the Software - Application subindustry, System Integrator'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.


System Integrator ROE % vs Software Industry

For the Software industry and Technology sector, System Integrator's ROE % distribution charts can be found below:

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


TSE:3826
76GF Score
System Integrator Corp TSE:3826
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

System Integrator ROE % Calculation

System Integrator's annualized ROE % for the fiscal year that ended in Feb. 2026 is calculated as

ROE %=Net Income (A: Feb. 2026 )/( (Total Stockholders Equity (A: Feb. 2025 )+Total Stockholders Equity (A: Feb. 2026 ))/ count )
=458.447/( (4111.468+4460.027)/ 2 )
=458.447/4285.7475
=10.70 %

System Integrator's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Aug. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=503.41/( (4205.931+4460.027)/ 2 )
=503.41/4332.979
=11.62 %

* 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 (Feb. 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 11.62% mean?
System Integrator (TSE:3826) has a ROE % of 11.62% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on System Integrator and its competitors. This is 23% below median its historical median of 15.10. Over the past decade, System Integrator's ROE % has ranged from 10.03 to 32.15. According to the industry distribution chart, System Integrator ranks #931 out of 2683 companies in the Software industry, placing it in the top 34.7%.
Is System Integrator's ROE % too high?
System Integrator's current ROE % of 11.62% is 23% below median its 10-year median of 15.10. Over the past 10 years, this metric has ranged from a low of 10.03 to a high of 32.15. The Software industry median ROE % is 4.73. System Integrator's value of 11.62% is 145.7% above this industry median. Based on the distribution chart, System Integrator ranks #931 out of 2683 companies in the Software industry, which is above the industry midpoint. Overall, System Integrator has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does System Integrator's ROE % compare to UBER and SHOP?
According to the Software industry distribution chart, System Integrator ranks #931 out of 2683 companies for ROE %. This puts System Integrator in the upper half of its industry. The industry median ROE % is 4.73. System Integrator's value of 11.62% is 145.7% above this benchmark. Historically, System Integrator's own ROE % has ranged from 10.03 to 32.15 over the past decade. While the company's 10-year median is 15.10 vs. the industry median of 4.73, System Integrator 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 Software company?
The median ROE % among Software companies is 4.73, based on 2,683 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. System Integrator's current ROE % of 11.62% is 145.7% 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 System Integrator and its competitors. For the Software industry, the median ROE % is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System Integrator's current ROE % is 11.62%, which is 23% below median its own 10-year median of 15.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System Integrator stock overvalued right now?
Based on GuruFocus' analysis, System Integrator (TSE:3826) is currently considered Fairly Valued. The stock's GF Value™ is 円485.36, compared to a current price of 円451.00 — trading 7.1% below its estimated fair value. The current ROE % is 11.62%, which is 23% below median its 10-year median of 15.10 and 145.7% above the Software industry median of 4.73. System Integrator's overall GF Score™ is 76/100 with 2 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 System Integrator (TSE:3826), the current ROE % is 11.62% as of Feb. 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 System Integrator (TSE:3826) Overvalued in 2026?

Based on GuruFocus' analysis, System Integrator stock appears to be undervalued. The current stock price of 円451.00 is trading 7.1% below its estimated GF Value™ of 円485.36. GuruFocus considers System Integrator to be Fairly Valued.

Key valuation signals for TSE:3826:

  • ROE %: 11.62% (23% below median its 10-year median of 15.10)
  • GF Value™: 円485.36 vs. price of 円451.00 (7.1% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 145.7% above the Software median (#931 of 2683)

No single metric tells the full story. See the TSE:3826 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


System Integrator Business Description

Address 11-2 Shintoshin, Chuo-ku, 32nd Floor, Land Axis Tower, Meiji Yasuda Life Saitama Shintoshin Building, Saitama City, JPN, 330-6032
System Integrator Corp is engaged in the development of package software and cloud service in Japan. It focuses on develop packages, customize development, cloud services, consulting and other products. It sells a wide variety of in-house products such as ERP, EC, Omni Channel, project management, database development, and design support tool, application design tool, and e-learning.
76GF Score

Get the complete analysis for TSE:3826

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

円451.00
Price
円485.36
GF Value