Startline CoTSE:477A +1.20%7 ROE % is 55.40% as of Mar. 2026, which is 153% above its 10-year median of 21.91. GuruFocus rates TSE:477A with a GF Score™ of 7/100. The stock has 3 warning signs investors should review. Among 1,060 Business Services companies, Startline Co ranks better than 95.28% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Startline Co's annualized net income for the quarter that ended in Mar. 2026 was 円742 Mil. Startline Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円1,339 Mil. Therefore, Startline Co's annualized ROE % for the quarter that ended in Mar. 2026 was 55.40%.
The historical rank and industry rank for Startline Co's ROE % or its related term are showing as below:
TSE:477A'
s ROE % Range Over the Past 10 Years
Min: 7.03 Med: 21.91 Max: 38.13
Current: 38.13
During the past 3 years, Startline Co's highest ROE % was 38.13%. The lowest was 7.03%. And the median was 21.91%.
TSE:477A's ROE % is ranked better than 95.28% of 1060
companies
in the Business Services industry
Industry Median: 8.1
vs TSE:477A: 38.13
Startline Co (TSE:477A) 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.
Startline Co ROE % Related Terms
Startline Co ROE % Historical Data
* Premium members only.
The historical data trend for Startline 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.
Startline Co ROE % Chart
Startline Co Annual Data
Trend
Mar24
Mar25
Mar26
ROE %
7.03
21.91
33.15
Startline Co Semi-Annual Data
Mar24
Mar25
Sep25
Mar26
ROE %
0.00
0.00
16.37
55.40
TSE:477A vs CTAS, CPRT, ULS: ROE % Comparison
For the Specialty Business Services subindustry, Startline 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.
Startline Co ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, Startline Co's ROE % distribution charts can be found below:
* The bar in red indicates where Startline 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.
Startline Co (TSE:477A) has a ROE % of 55.40% 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 Startline Co and its competitors. This is 153% above median its historical median of 21.91. Over the past decade, Startline Co's ROE % has ranged from 7.03 to 38.13. According to the industry distribution chart, Startline Co ranks #50 out of 1060 companies in the Business Services industry, placing it in the top 4.7%.
Is Startline Co's ROE % too high?
Startline Co's current ROE % of 55.40% is 153% above median its 10-year median of 21.91. Over the past 10 years, this metric has ranged from a low of 7.03 to a high of 38.13. The Business Services industry median ROE % is 8.10. Startline Co's value of 55.40% is 584% above this industry median. Based on the distribution chart, Startline Co ranks #50 out of 1060 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Startline Co has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Startline Co's ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Startline Co ranks #50 out of 1060 companies for ROE %. This places Startline Co in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 8.10. Startline Co's value of 55.40% is 584% above this benchmark. Historically, Startline Co's own ROE % has ranged from 7.03 to 38.13 over the past decade. While the company's 10-year median is 21.91 vs. the industry median of 8.10, Startline 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 1,060 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. Startline Co's current ROE % of 55.40% is 584% 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 Startline 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. Startline Co's current ROE % is 55.40%, which is 153% above median its own 10-year median of 21.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Startline Co stock overvalued right now?
Startline Co (TSE:477A) has a current ROE % of 55.40%. The current ROE % is 55.40%, which is 153% above median its 10-year median of 21.91 and 584% above the Business Services industry median of 8.10. Startline Co's overall GF Score™ is 7/100 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 Startline Co (TSE:477A), the current ROE % is 55.40% 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.
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