PIA (TSE:4337) ROE %: 27.11% (As of Mar. 2026) — 122% Above Median


TSE:4337 PIA Corp TSE:4337
55 GF Score
Price 円2,686.00
GF Value 円4,124.51
Valuation Possible Value Trap
! 2 Warning Signs
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What is PIA ROE %?

PIA TSE:4337 -1.00% 55 ROE % is 27.11% as of Mar. 2026, which is 122% above its 10-year median of 12.23. GuruFocus rates TSE:4337 with a GF Score™ of 55/100 and a GF Value™ of 円4,124.51 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 534 Interactive Media companies, PIA ranks better than 93.07% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PIA's annualized net income for the quarter that ended in Mar. 2026 was 円2,712 Mil. PIA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円10,006 Mil. Therefore, PIA's annualized ROE % for the quarter that ended in Mar. 2026 was 27.11%.

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

TSE:4337' s ROE % Range Over the Past 10 Years
Min: -170.78   Med: 12.23   Max: 39.53
Current: 36.52

During the past 13 years, PIA's highest ROE % was 39.53%. The lowest was -170.78%. And the median was 12.23%.

TSE:4337's ROE % is ranked better than
93.07% of 534 companies
in the Interactive Media industry
Industry Median: 2.345 vs TSE:4337: 36.52

PIA  (TSE:4337) 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
=2712/10005.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2712 / 58156)*(58156 / 115764.5)*(115764.5 / 10005.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.66 %*0.5024*11.5701
=ROA %*Equity Multiplier
=2.34 %*11.5701
=27.11 %

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
=2712/10005.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2712 / 2414) * (2414 / 2646) * (2646 / 58156) * (58156 / 115764.5) * (115764.5 / 10005.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.1234 * 0.9123 * 4.55 % * 0.5024 * 11.5701
=27.11 %

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.


PIA ROE % Related Terms


PIA ROE % Historical Data

* Premium members only.

The historical data trend for PIA'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.

PIA ROE % Chart

PIA 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 -48.14 39.53 22.60 24.90 36.89

PIA 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 8.22 22.16 27.77 47.54 27.11

TSE:4337 vs GOOGL, META, SPOT: ROE % Comparison

For the Internet Content & Information subindustry, PIA'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.


PIA ROE % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, PIA's ROE % distribution charts can be found below:

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


TSE:4337
55GF Score
PIA Corp TSE:4337
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PIA ROE % Calculation

PIA'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 )
=3317/( (7236+10748)/ 2 )
=3317/8992
=36.89 %

PIA'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 )
=2712/( (9263+10748)/ 2 )
=2712/10005.5
=27.11 %

* 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 27.11% mean?
PIA (TSE:4337) has a ROE % of 27.11% 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 PIA and its competitors. This is 122% above median its historical median of 12.23. According to the industry distribution chart, PIA ranks #37 out of 534 companies in the Interactive Media industry, placing it in the top 6.9%.
Is PIA's ROE % too high?
PIA's current ROE % of 27.11% is 122% above median its 10-year median of 12.23. The Interactive Media industry median ROE % is 2.35. PIA's value of 27.11% is 1056.1% above this industry median. Based on the distribution chart, PIA ranks #37 out of 534 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, PIA has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PIA's ROE % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, PIA ranks #37 out of 534 companies for ROE %. This places PIA in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 2.35. PIA's value of 27.11% is 1056.1% above this benchmark. While the company's 10-year median is 12.23 vs. the industry median of 2.35, PIA 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 an Interactive Media company?
The median ROE % among Interactive Media companies is 2.35, based on 534 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. PIA's current ROE % of 27.11% is 1056.1% 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 PIA and its competitors. For the Interactive Media industry, the median ROE % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PIA's current ROE % is 27.11%, which is 122% above median its own 10-year median of 12.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PIA stock overvalued right now?
Based on GuruFocus' analysis, PIA (TSE:4337) is currently considered Possible Value Trap. The stock's GF Value™ is 円4,124.51, compared to a current price of 円2,686.00 — trading 34.9% below its estimated fair value. The current ROE % is 27.11%, which is 122% above median its 10-year median of 12.23 and 1056.1% above the Interactive Media industry median of 2.35. PIA's overall GF Score™ is 55/100 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 PIA (TSE:4337), the current ROE % is 27.11% 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 PIA (TSE:4337) Overvalued in 2026?

Based on GuruFocus' analysis, PIA stock appears to be undervalued. The current stock price of 円2,686.00 is trading 34.9% below its estimated GF Value™ of 円4,124.51. GuruFocus considers PIA to be Possible Value Trap.

Key valuation signals for TSE:4337:

  • ROE %: 27.11% (122% above median its 10-year median of 12.23)
  • GF Value™: 円4,124.51 vs. price of 円2,686.00 (34.9% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 1056.1% above the Interactive Media median (#37 of 534)

No single metric tells the full story. See the TSE:4337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PIA Business Description

Address 1-2-20 Higashi, Shibuya-ku, Shibuya First Tower, Tokyo, JPN, 150-0011
PIA Corp provides event ticketing services in Japan. The company sells tickets for concerts, sporting contests and other events of entertainment value through telephone operators, mobile phone services and a network of ticket stores.
55GF Score

Get the complete analysis for TSE:4337

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

円2,686.00
Price
円4,124.51
GF Value