Asmarq Co (TSE:4197) ROE %: 8.60% (As of Nov. 2025) — 59% Below Median


TSE:4197 Asmarq Co Ltd TSE:4197
75 GF Score
Price 円2,289.00
GF Value 円2,254.07
Valuation Fairly Valued
! 2 Warning Signs
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What is Asmarq Co ROE %?

Asmarq Co TSE:4197 +0.79% 75 ROE % is 8.60% as of Nov. 2025, which is 59% below its 10-year median of 21.21. GuruFocus rates TSE:4197 with a GF Score™ of 75/100 and a GF Value™ of 円2,254.07 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,058 Business Services companies, Asmarq Co ranks better than 57.37% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Asmarq Co's annualized net income for the quarter that ended in Nov. 2025 was 円135 Mil. Asmarq Co's average Total Stockholders Equity over the quarter that ended in Nov. 2025 was 円1,573 Mil. Therefore, Asmarq Co's annualized ROE % for the quarter that ended in Nov. 2025 was 8.60%.

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

TSE:4197' s ROE % Range Over the Past 10 Years
Min: -28.12   Med: 21.21   Max: 39.56
Current: 10

During the past 7 years, Asmarq Co's highest ROE % was 39.56%. The lowest was -28.12%. And the median was 21.21%.

TSE:4197's ROE % is ranked better than
57.37% of 1058 companies
in the Business Services industry
Industry Median: 8.1 vs TSE:4197: 10.00

Asmarq Co  (TSE:4197) 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: Nov. 2025 )
=Net Income/Total Stockholders Equity
=135.248/1572.742
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(135.248 / 4349.408)*(4349.408 / 2451.384)*(2451.384 / 1572.742)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.11 %*1.7743*1.5587
=ROA %*Equity Multiplier
=5.52 %*1.5587
=8.60 %

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: Nov. 2025 )
=Net Income/Total Stockholders Equity
=135.248/1572.742
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (135.248 / 176.872) * (176.872 / 175.34) * (175.34 / 4349.408) * (4349.408 / 2451.384) * (2451.384 / 1572.742)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7647 * 1.0087 * 4.03 % * 1.7743 * 1.5587
=8.60 %

Note: The net income data used here is four times the quarterly (Nov. 2025) net income data. The Revenue data used here is four times the quarterly (Nov. 2025) 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.


Asmarq Co ROE % Related Terms


Asmarq Co ROE % Historical Data

* Premium members only.

The historical data trend for Asmarq 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.

Asmarq Co ROE % Chart

Asmarq Co Annual Data
Trend Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROE %
Get a 7-Day Free Trial 39.56 26.08 26.28 20.77 13.14

Asmarq Co Quarterly Data
Nov19 Nov20 Nov21 May22 Nov22 May23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 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 21.40 23.51 -0.99 8.60 8.95

TSE:4197 vs CTAS, CPRT, ULS: ROE % Comparison

For the Specialty Business Services subindustry, Asmarq 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.


Asmarq Co ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, Asmarq Co's ROE % distribution charts can be found below:

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


TSE:4197
75GF Score
Asmarq Co Ltd TSE:4197
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asmarq Co ROE % Calculation

Asmarq Co's annualized ROE % for the fiscal year that ended in Nov. 2025 is calculated as

ROE %=Net Income (A: Nov. 2025 )/( (Total Stockholders Equity (A: Nov. 2024 )+Total Stockholders Equity (A: Nov. 2025 ))/ count )
=199.926/( (1449.619+1592.242)/ 2 )
=199.926/1520.9305
=13.14 %

Asmarq Co's annualized ROE % for the quarter that ended in Nov. 2025 is calculated as

ROE %=Net Income (Q: Nov. 2025 )/( (Total Stockholders Equity (Q: Aug. 2025 )+Total Stockholders Equity (Q: Nov. 2025 ))/ count )
=135.248/( (1553.242+1592.242)/ 2 )
=135.248/1572.742
=8.60 %

* 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 (Nov. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 8.60% mean?
Asmarq Co (TSE:4197) has a ROE % of 8.60% as of Nov. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Asmarq Co and its competitors. This is 59% below median its historical median of 21.21. According to the industry distribution chart, Asmarq Co ranks #451 out of 1058 companies in the Business Services industry, placing it in the top 42.6%.
Is Asmarq Co's ROE % too high?
Asmarq Co's current ROE % of 8.60% is 59% below median its 10-year median of 21.21. The Business Services industry median ROE % is 8.10. Asmarq Co's value of 8.60% is 6.2% above this industry median. Based on the distribution chart, Asmarq Co ranks #451 out of 1058 companies in the Business Services industry, which is above the industry midpoint. Overall, Asmarq Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asmarq Co's ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Asmarq Co ranks #451 out of 1058 companies for ROE %. This puts Asmarq Co in the upper half of its industry. The industry median ROE % is 8.10. Asmarq Co's value of 8.60% is 6.2% above this benchmark. While the company's 10-year median is 21.21 vs. the industry median of 8.10, Asmarq 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 Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 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. Asmarq Co's current ROE % of 8.60% is 6.2% 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 Asmarq Co and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asmarq Co's current ROE % is 8.60%, which is 59% below median its own 10-year median of 21.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asmarq Co stock overvalued right now?
Based on GuruFocus' analysis, Asmarq Co (TSE:4197) is currently considered Fairly Valued. The stock's GF Value™ is 円2,254.07, compared to a current price of 円2,289.00 — trading 1.5% above its estimated fair value. The current ROE % is 8.60%, which is 59% below median its 10-year median of 21.21 and 6.2% above the Business Services industry median of 8.10. Asmarq Co's overall GF Score™ is 75/100 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 Asmarq Co (TSE:4197), the current ROE % is 8.60% as of Nov. 2025. 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 Asmarq Co (TSE:4197) Overvalued in 2026?

Based on GuruFocus' analysis, Asmarq Co stock appears to be overvalued. The current stock price of 円2,289.00 is trading 1.5% above its estimated GF Value™ of 円2,254.07. GuruFocus considers Asmarq Co to be Fairly Valued.

Key valuation signals for TSE:4197:

  • ROE %: 8.60% (59% below median its 10-year median of 21.21)
  • GF Value™: 円2,254.07 vs. price of 円2,289.00 (1.5% above fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 6.2% above the Business Services median (#451 of 1058)

No single metric tells the full story. See the TSE:4197 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asmarq Co Business Description

Address 1-32-12 Higashi, 4 Floor, Shibuya Property Tower, Shibuya-ku, Tokyo, JPN, 150-0011
Asmarq Co Ltd is an online market research company. It provides research panel recruitment and management of research panel recruitment site D STYLE WEB. The company is located in Tokyo, Yokohama, Nagoya, Osaka, Fukuoka, Hachinohe, and Nagaoka. The company provides services like Quantitative Research, Qualitative Research, and Further Investigations.
75GF Score

Get the complete analysis for TSE:4197

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

円2,289.00
Price
円2,254.07
GF Value