PCI Holdings (TSE:3918) ROE %: 17.71% (As of Mar. 2026) — 65% Above 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:3918 PCI Holdings Inc TSE:3918
41 GF Score
Price 円1,164.00
! 1 Warning Sign
View Full Analysis

What is PCI Holdings ROE %?

PCI Holdings TSE:3918 +1.22% 41 ROE % is 17.71% as of Mar. 2026, which is 65% above its 10-year median of 10.71. GuruFocus rates TSE:3918 with a GF Score™ of 41/100. The stock has 1 warning sign investors should review. Among 2,688 Software companies, PCI Holdings ranks better than 66.82% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PCI Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円1,687 Mil. PCI Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円9,531 Mil. Therefore, PCI Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 17.71%.

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

TSE:3918' s ROE % Range Over the Past 10 Years
Min: 5.8   Med: 10.71   Max: 15.3
Current: 12.17

During the past 12 years, PCI Holdings's highest ROE % was 15.30%. The lowest was 5.80%. And the median was 10.71%.

TSE:3918's ROE % is ranked better than
66.82% of 2688 companies
in the Software industry
Industry Median: 4.855 vs TSE:3918: 12.17

PCI Holdings  (TSE:3918) 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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1687.444/9530.6365
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1687.444 / 29159.504)*(29159.504 / 15958.4775)*(15958.4775 / 9530.6365)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.79 %*1.8272*1.6744
=ROA %*Equity Multiplier
=10.58 %*1.6744
=17.71 %

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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1687.444/9530.6365
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1687.444 / 2290.46) * (2290.46 / 2273.396) * (2273.396 / 29159.504) * (29159.504 / 15958.4775) * (15958.4775 / 9530.6365)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7367 * 1.0075 * 7.8 % * 1.8272 * 1.6744
=17.71 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.


PCI Holdings ROE % Related Terms


PCI Holdings ROE % Historical Data

* Premium members only.

The historical data trend for PCI Holdings'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.

PCI Holdings ROE % Chart

PCI Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Mar25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.71 8.41 12.26 9.38 0.00

PCI Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 10.42 12.84 7.69 17.71

TSE:3918 vs IBM, ACN, FISV: ROE % Comparison

For the Information Technology Services subindustry, PCI Holdings'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.


PCI Holdings ROE % vs Software Industry

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

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


TSE:3918
41GF Score
PCI Holdings Inc TSE:3918
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PCI Holdings ROE % Calculation

PCI Holdings's annualized ROE % for the fiscal year that ended in Mar. 2025 is calculated as

ROE %=Net Income (A: Mar. 2025 )/( (Total Stockholders Equity (A: Sep. 2024 )+Total Stockholders Equity (A: Mar. 2025 ))/ count )
=0/( (8813.002+9023.528)/ 2 )
=0/8918.265
=0.00 %

PCI Holdings's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1687.444/( (9301.848+9759.425)/ 2 )
=1687.444/9530.6365
=17.71 %

* 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 four times the quarterly (Mar. 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 17.71% mean?
PCI Holdings (TSE:3918) has a ROE % of 17.71% 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 PCI Holdings and its competitors. This is 65% above median its historical median of 10.71. Over the past decade, PCI Holdings' ROE % has ranged from 5.80 to 15.30. According to the industry distribution chart, PCI Holdings ranks #892 out of 2688 companies in the Software industry, placing it in the top 33.2%.
Is PCI Holdings' ROE % too high?
PCI Holdings' current ROE % of 17.71% is 65% above median its 10-year median of 10.71. Over the past 10 years, this metric has ranged from a low of 5.80 to a high of 15.30. The Software industry median ROE % is 4.86. PCI Holdings' value of 17.71% is 264.8% above this industry median. Based on the distribution chart, PCI Holdings ranks #892 out of 2688 companies in the Software industry, which is above the industry midpoint. Overall, PCI Holdings has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does PCI Holdings' ROE % compare to IBM and ACN?
According to the Software industry distribution chart, PCI Holdings ranks #892 out of 2688 companies for ROE %. This puts PCI Holdings in the upper half of its industry. The industry median ROE % is 4.86. PCI Holdings' value of 17.71% is 264.8% above this benchmark. Historically, PCI Holdings' own ROE % has ranged from 5.80 to 15.30 over the past decade. While the company's 10-year median is 10.71 vs. the industry median of 4.86, PCI Holdings 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 4.86, based on 2,688 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. PCI Holdings's current ROE % of 17.71% is 264.8% 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 PCI Holdings and its competitors. For the Software industry, the median ROE % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PCI Holdings's current ROE % is 17.71%, which is 65% above median its own 10-year median of 10.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PCI Holdings stock overvalued right now?
PCI Holdings (TSE:3918) has a current ROE % of 17.71%. The current ROE % is 17.71%, which is 65% above median its 10-year median of 10.71 and 264.8% above the Software industry median of 4.86. PCI Holdings' overall GF Score™ is 41/100 with 1 warning sign 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 PCI Holdings (TSE:3918), the current ROE % is 17.71% 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.

PCI Holdings Business Description

Address 21-19, Torakumon Ichime, Minato-ku, Tokyu Tiger Tortoise 4th Floor, Tokyo, JPN, 105-0001
PCI Holdings Inc provides information and technology solutions. The company's business segments are Technical Solutions, Business Solutions, and Internet of Things and Internet of Everything Solutions.
41GF Score

Get the complete analysis for TSE:3918

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

円1,164.00
Price