Superbag CoTSE:3945 +0.31%53 ROE % is 20.71% as of Mar. 2026, which is 64% above its 10-year median of 12.64. GuruFocus rates TSE:3945 with a GF Score™ of 53/100 and a GF Value™ of 円2,597.65 (Modestly Undervalued). Among 279 Forest Products companies, Superbag Co ranks better than 93.91% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Superbag Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,080 Mil. Superbag Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円5,214 Mil. Therefore, Superbag Co's annualized ROE % for the quarter that ended in Mar. 2026 was 20.71%.
The historical rank and industry rank for Superbag Co's ROE % or its related term are showing as below:
TSE:3945'
s ROE % Range Over the Past 10 Years
Min: -24.9 Med: 12.64 Max: 24.36
Current: 15.85
During the past 13 years, Superbag Co's highest ROE % was 24.36%. The lowest was -24.90%. And the median was 12.64%.
TSE:3945's ROE % is ranked better than 93.91% of 279
companies
in the Forest Products industry
Industry Median: 2.12
vs TSE:3945: 15.85
Superbag Co (TSE:3945) 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.
Superbag Co ROE % Related Terms
Superbag Co ROE % Historical Data
* Premium members only.
The historical data trend for Superbag 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.
For the Paper & Paper Products subindustry, Superbag 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.
Superbag Co ROE % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Superbag Co's ROE % distribution charts can be found below:
* The bar in red indicates where Superbag Co'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.
Superbag Co (TSE:3945) has a ROE % of 20.71% 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 Superbag Co and its competitors. This is 64% above median its historical median of 12.64. According to the industry distribution chart, Superbag Co ranks #17 out of 279 companies in the Forest Products industry, placing it in the top 6.1%.
Is Superbag Co's ROE % too high?
Superbag Co's current ROE % of 20.71% is 64% above median its 10-year median of 12.64. The Forest Products industry median ROE % is 2.12. Superbag Co's value of 20.71% is 876.9% above this industry median. Based on the distribution chart, Superbag Co ranks #17 out of 279 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Superbag Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Superbag Co's ROE % compare to competitors?
According to the Forest Products industry distribution chart, Superbag Co ranks #17 out of 279 companies for ROE %. This places Superbag Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 2.12. Superbag Co's value of 20.71% is 876.9% above this benchmark. While the company's 10-year median is 12.64 vs. the industry median of 2.12, Superbag 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 Forest Products company?
The median ROE % among Forest Products companies is 2.12, based on 279 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. Superbag Co's current ROE % of 20.71% is 876.9% 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 Superbag Co and its competitors. For the Forest Products industry, the median ROE % is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Superbag Co's current ROE % is 20.71%, which is 64% above median its own 10-year median of 12.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superbag Co stock overvalued right now?
Based on GuruFocus' analysis, Superbag Co (TSE:3945) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,597.65, compared to a current price of 円2,233.00 — trading 14% below its estimated fair value. The current ROE % is 20.71%, which is 64% above median its 10-year median of 12.64 and 876.9% above the Forest Products industry median of 2.12. Superbag Co's overall GF Score™ is 53/100. 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 Superbag Co (TSE:3945), the current ROE % is 20.71% 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.
Is Superbag Co (TSE:3945) Overvalued in 2026?
Based on GuruFocus' analysis, Superbag Co stock appears to be undervalued.
The current stock price of 円2,233.00 is trading 14% below its estimated GF Value™ of 円2,597.65.
GuruFocus considers Superbag Co to be Modestly Undervalued.
Key valuation signals for TSE:3945:
ROE %: 20.71% (64% above median its 10-year median of 12.64)
GF Value™: 円2,597.65 vs. price of 円2,233.00 (14% below fair value)
Industry Position: 876.9% above the Forest Products median (#17 of 279)
No single metric tells the full story. See the TSE:3945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Superbag Co Ltd is the Japan-based company engaged in the manufacturing and distribution of paper and plastic shopping bags. Its product offering includes a plastic bag, a paper square bottom bag, delivery bag, eco bag and paperware.
53GF Score
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