Double Standard (TSE:3925) ROE %: 18.70% (As of Mar. 2026) — 41% Below Median

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TSE:3925 Double Standard Inc TSE:3925
71 GF Score
Price 円1,229.00
GF Value 円1,563.59
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Double Standard ROE %?

Double Standard TSE:3925 +0.74% 71 ROE % is 18.70% as of Mar. 2026, which is 41% below its 10-year median of 31.56. GuruFocus rates TSE:3925 with a GF Score™ of 71/100 and a GF Value™ of 円1,563.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,688 Software companies, Double Standard ranks better than 78.5% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Double Standard's annualized net income for the quarter that ended in Mar. 2026 was 円1,193 Mil. Double Standard's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円6,381 Mil. Therefore, Double Standard's annualized ROE % for the quarter that ended in Mar. 2026 was 18.70%.

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

TSE:3925' s ROE % Range Over the Past 10 Years
Min: 16.96   Med: 31.56   Max: 40.12
Current: 17.36

During the past 12 years, Double Standard's highest ROE % was 40.12%. The lowest was 16.96%. And the median was 31.56%.

TSE:3925's ROE % is ranked better than
78.5% of 2688 companies
in the Software industry
Industry Median: 4.74 vs TSE:3925: 17.36

Double Standard  (TSE:3925) 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
=1193.174/6381.1665
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1193.174 / 7899.858)*(7899.858 / 7087.607)*(7087.607 / 6381.1665)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.1 %*1.1146*1.1107
=ROA %*Equity Multiplier
=16.83 %*1.1107
=18.70 %

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
=1193.174/6381.1665
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1193.174 / 1755.074) * (1755.074 / 1917.736) * (1917.736 / 7899.858) * (7899.858 / 7087.607) * (7087.607 / 6381.1665)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6798 * 0.9152 * 24.28 % * 1.1146 * 1.1107
=18.70 %

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.


Double Standard ROE % Related Terms


Double Standard ROE % Historical Data

* Premium members only.

The historical data trend for Double Standard'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.

Double Standard ROE % Chart

Double Standard Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.30 40.12 33.00 30.11 16.96

Double Standard Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 40.36 29.62 32.56 16.40 18.70

TSE:3925 vs IBM, ACN, FISV: ROE % Comparison

For the Information Technology Services subindustry, Double Standard'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.


Double Standard ROE % vs Software Industry

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

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


TSE:3925
71GF Score
Double Standard Inc TSE:3925
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Double Standard ROE % Calculation

Double Standard's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=1107.622/( (6382.789+6679.46)/ 2 )
=1107.622/6531.1245
=16.96 %

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

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1193.174/( (6082.873+6679.46)/ 2 )
=1193.174/6381.1665
=18.70 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 18.70% mean?
Double Standard (TSE:3925) has a ROE % of 18.70% 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 Double Standard and its competitors. This is 41% below median its historical median of 31.56. Over the past decade, Double Standard's ROE % has ranged from 16.96 to 40.12. According to the industry distribution chart, Double Standard ranks #578 out of 2688 companies in the Software industry, placing it in the top 21.5%.
Is Double Standard's ROE % too high?
Double Standard's current ROE % of 18.70% is 41% below median its 10-year median of 31.56. Over the past 10 years, this metric has ranged from a low of 16.96 to a high of 40.12. The Software industry median ROE % is 4.74. Double Standard's value of 18.70% is 294.5% above this industry median. Based on the distribution chart, Double Standard ranks #578 out of 2688 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Double Standard has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Double Standard's ROE % compare to IBM and ACN?
According to the Software industry distribution chart, Double Standard ranks #578 out of 2688 companies for ROE %. This places Double Standard in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 4.74. Double Standard's value of 18.70% is 294.5% above this benchmark. Historically, Double Standard's own ROE % has ranged from 16.96 to 40.12 over the past decade. While the company's 10-year median is 31.56 vs. the industry median of 4.74, Double Standard 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 4.74, 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. Double Standard's current ROE % of 18.70% is 294.5% 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 Double Standard and its competitors. For the Software industry, the median ROE % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Double Standard's current ROE % is 18.70%, which is 41% below median its own 10-year median of 31.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Double Standard stock overvalued right now?
Based on GuruFocus' analysis, Double Standard (TSE:3925) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,563.59, compared to a current price of 円1,229.00 — trading 21.4% below its estimated fair value. The current ROE % is 18.70%, which is 41% below median its 10-year median of 31.56 and 294.5% above the Software industry median of 4.74. Double Standard's overall GF Score™ is 71/100 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 Double Standard (TSE:3925), the current ROE % is 18.70% 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.

Is Double Standard (TSE:3925) Overvalued in 2026?

Based on GuruFocus' analysis, Double Standard stock appears to be undervalued. The current stock price of 円1,229.00 is trading 21.4% below its estimated GF Value™ of 円1,563.59. GuruFocus considers Double Standard to be Modestly Undervalued.

Key valuation signals for TSE:3925:

  • ROE %: 18.70% (41% below median its 10-year median of 31.56)
  • GF Value™: 円1,563.59 vs. price of 円1,229.00 (21.4% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 294.5% above the Software median (#578 of 2688)

No single metric tells the full story. See the TSE:3925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Double Standard Business Description

Address 2-2-3 Minamiaoyama, 4th Floor, Hulic Aoyama Gaien Higashidori Building, Minato-ku, Tokyo, JPN, 107-0062
Double Standard Inc is a business support company that generates and provides enterprise Big data. It also provides service planning and system development services using technology developed in the data generation process. The company operates through two business divisions: Big Data related business and the Services Planning Development business. The Big Data related business mainly provides customers the data related to operation support and business reduction, as well as the high utilization value content, among others. The Services Planning Development business mainly provides services based on the research of the way customer and enterprise business process, using information collection, processing, and matching, as well as data cleansing technology.
71GF Score

Get the complete analysis for TSE:3925

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

円1,229.00
Price
円1,563.59
GF Value