Asahi Printing Co (TSE:3951) ROE %: 4.82% (As of Mar. 2026) — 10% 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:3951 Asahi Printing Co Ltd TSE:3951
66 GF Score
Price 円867.00
GF Value 円978.66
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Asahi Printing Co ROE %?

Asahi Printing Co TSE:3951 -0.91% 66 ROE % is 4.82% as of Mar. 2026, which is 10% below its 10-year median of 5.37. GuruFocus rates TSE:3951 with a GF Score™ of 66/100 and a GF Value™ of 円978.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 391 Packaging & Containers companies, Asahi Printing Co ranks worse than 54.73% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Asahi Printing Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,688 Mil. Asahi Printing Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円34,998 Mil. Therefore, Asahi Printing Co's annualized ROE % for the quarter that ended in Mar. 2026 was 4.82%.

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

TSE:3951' s ROE % Range Over the Past 10 Years
Min: 4.55   Med: 5.37   Max: 7.29
Current: 4.58

During the past 13 years, Asahi Printing Co's highest ROE % was 7.29%. The lowest was 4.55%. And the median was 5.37%.

TSE:3951's ROE % is ranked worse than
54.73% of 391 companies
in the Packaging & Containers industry
Industry Median: 5.37 vs TSE:3951: 4.58

Asahi Printing Co  (TSE:3951) 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
=1688/34998
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1688 / 44262)*(44262 / 68552.5)*(68552.5 / 34998)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.81 %*0.6457*1.9588
=ROA %*Equity Multiplier
=2.46 %*1.9588
=4.82 %

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
=1688/34998
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1688 / 2130) * (2130 / 1326) * (1326 / 44262) * (44262 / 68552.5) * (68552.5 / 34998)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7925 * 1.6063 * 3 % * 0.6457 * 1.9588
=4.82 %

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.


Asahi Printing Co ROE % Related Terms


Asahi Printing Co ROE % Historical Data

* Premium members only.

The historical data trend for Asahi Printing 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.

Asahi Printing Co ROE % Chart

Asahi Printing Co 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 5.70 5.35 4.97 5.06 4.55

Asahi Printing Co 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 3.37 6.42 3.69 4.36 4.82

TSE:3951 vs SW, PKG, IP: ROE % Comparison

For the Packaging & Containers subindustry, Asahi Printing 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.


Asahi Printing Co ROE % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Asahi Printing Co's ROE % distribution charts can be found below:

* The bar in red indicates where Asahi Printing Co's ROE % falls into.


TSE:3951
66GF Score
Asahi Printing Co Ltd TSE:3951
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asahi Printing Co ROE % Calculation

Asahi Printing Co'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 )
=1592/( (34273+35634)/ 2 )
=1592/34953.5
=4.55 %

Asahi Printing Co'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 )
=1688/( (34362+35634)/ 2 )
=1688/34998
=4.82 %

* 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 4.82% mean?
Asahi Printing Co (TSE:3951) has a ROE % of 4.82% 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 Asahi Printing Co and its competitors. This is 10% below median its historical median of 5.37. Over the past decade, Asahi Printing Co's ROE % has ranged from 4.55 to 7.29. According to the industry distribution chart, Asahi Printing Co ranks #214 out of 391 companies in the Packaging & Containers industry, placing it in the top 54.7%.
Is Asahi Printing Co's ROE % too high?
Asahi Printing Co's current ROE % of 4.82% is 10% below median its 10-year median of 5.37. Over the past 10 years, this metric has ranged from a low of 4.55 to a high of 7.29. The Packaging & Containers industry median ROE % is 5.37. Asahi Printing Co's value of 4.82% is 10.2% below this industry median. Based on the distribution chart, Asahi Printing Co ranks #214 out of 391 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Asahi Printing Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Printing Co's ROE % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Asahi Printing Co ranks #214 out of 391 companies for ROE %. This places Asahi Printing Co in the lower half of its industry. The industry median ROE % is 5.37. Asahi Printing Co's value of 4.82% is 10.2% below this benchmark. Historically, Asahi Printing Co's own ROE % has ranged from 4.55 to 7.29 over the past decade. While the company's 10-year median is 5.37 vs. the industry median of 5.37, Asahi Printing Co has consistently been below 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 Packaging & Containers company?
The median ROE % among Packaging & Containers companies is 5.37, based on 391 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. Asahi Printing Co's current ROE % of 4.82% is 10.2% below 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 Asahi Printing Co and its competitors. For the Packaging & Containers industry, the median ROE % is 5.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Printing Co's current ROE % is 4.82%, which is 10% below median its own 10-year median of 5.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Printing Co (TSE:3951) is currently considered Modestly Undervalued. The stock's GF Value™ is 円978.66, compared to a current price of 円867.00 — trading 11.4% below its estimated fair value. The current ROE % is 4.82%, which is 10% below median its 10-year median of 5.37 and 10.2% below the Packaging & Containers industry median of 5.37. Asahi Printing Co's overall GF Score™ is 66/100 with 3 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 Asahi Printing Co (TSE:3951), the current ROE % is 4.82% 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 Asahi Printing Co (TSE:3951) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Printing Co stock appears to be undervalued. The current stock price of 円867.00 is trading 11.4% below its estimated GF Value™ of 円978.66. GuruFocus considers Asahi Printing Co to be Modestly Undervalued.

Key valuation signals for TSE:3951:

  • ROE %: 4.82% (10% below median its 10-year median of 5.37)
  • GF Value™: 円978.66 vs. price of 円867.00 (11.4% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 10.2% below the Packaging & Containers median (#214 of 391)

No single metric tells the full story. See the TSE:3951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asahi Printing Co Business Description

Address Ichibancho Square Building, 1-1 Ichibancho, Toyama Prefecture, Toyama, JPN, 930-0061
Asahi Printing Co Ltd is engaged in the manufacture and sale of printing and packaging materials. In addition, the company also engages in the temporary staffing business. The company operates in three segments, which include the Printing and packaging business, the Packaging Systems Sales Business, and Others.
66GF Score

Get the complete analysis for TSE:3951

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

円867.00
Price
円978.66
GF Value