Migalo Holdings (TSE:5535) ROE %: 4.45% (As of Mar. 2026) — 74% 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:5535 Migalo Holdings Inc TSE:5535
53 GF Score
Price 円279.00
GF Value 円446.62
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is Migalo Holdings ROE %?

Migalo Holdings TSE:5535 +1.09% 53 ROE % is 4.45% as of Mar. 2026, which is 74% below its 10-year median of 17.36. GuruFocus rates TSE:5535 with a GF Score™ of 53/100 and a GF Value™ of 円446.62 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,733 Real Estate companies, Migalo Holdings ranks better than 77.32% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Migalo Holdings's annualized net income for the quarter that ended in Mar. 2026 was 円606 Mil. Migalo Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円13,604 Mil. Therefore, Migalo Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 4.45%.

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

TSE:5535' s ROE % Range Over the Past 10 Years
Min: 10.9   Med: 17.36   Max: 20.18
Current: 11.21

During the past 12 years, Migalo Holdings's highest ROE % was 20.18%. The lowest was 10.90%. And the median was 17.36%.

TSE:5535's ROE % is ranked better than
77.32% of 1733 companies
in the Real Estate industry
Industry Median: 3.98 vs TSE:5535: 11.21

Migalo Holdings  (TSE:5535) 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
=606.018/13604.447
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(606.018 / 55763.858)*(55763.858 / 54299.9885)*(54299.9885 / 13604.447)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.09 %*1.027*3.9913
=ROA %*Equity Multiplier
=1.12 %*3.9913
=4.45 %

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
=606.018/13604.447
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (606.018 / 1010.03) * (1010.03 / 1909.86) * (1909.86 / 55763.858) * (55763.858 / 54299.9885) * (54299.9885 / 13604.447)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6 * 0.5289 * 3.42 % * 1.027 * 3.9913
=4.45 %

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.


Migalo Holdings ROE % Related Terms


Migalo Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Migalo Holdings'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.

Migalo Holdings ROE % Chart

Migalo Holdings 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 15.91 17.89 11.22 12.92 10.90

Migalo Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 0.00 20.59 5.22 19.46 4.45

TSE:5535 vs CBRE, BEKE, JLL: ROE % Comparison

For the Real Estate Services subindustry, Migalo Holdings'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.


Migalo Holdings ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Migalo Holdings's ROE % distribution charts can be found below:

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


TSE:5535
53GF Score
Migalo Holdings Inc TSE:5535
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Migalo Holdings ROE % Calculation

Migalo Holdings'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 )
=1434.016/( (11177.351+15141.796)/ 2 )
=1434.016/13159.5735
=10.90 %

Migalo Holdings'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 )
=606.018/( (12067.098+15141.796)/ 2 )
=606.018/13604.447
=4.45 %

* 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 4.45% mean?
Migalo Holdings (TSE:5535) has a ROE % of 4.45% 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 Migalo Holdings and its competitors. This is 74% below median its historical median of 17.36. Over the past decade, Migalo Holdings' ROE % has ranged from 10.90 to 20.18. According to the industry distribution chart, Migalo Holdings ranks #393 out of 1733 companies in the Real Estate industry, placing it in the top 22.7%.
Is Migalo Holdings' ROE % too high?
Migalo Holdings' current ROE % of 4.45% is 74% below median its 10-year median of 17.36. Over the past 10 years, this metric has ranged from a low of 10.90 to a high of 20.18. The Real Estate industry median ROE % is 3.98. Migalo Holdings' value of 4.45% is 11.8% above this industry median. Based on the distribution chart, Migalo Holdings ranks #393 out of 1733 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Migalo Holdings has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Migalo Holdings' ROE % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Migalo Holdings ranks #393 out of 1733 companies for ROE %. This places Migalo Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median ROE % is 3.98. Migalo Holdings' value of 4.45% is 11.8% above this benchmark. Historically, Migalo Holdings' own ROE % has ranged from 10.90 to 20.18 over the past decade. While the company's 10-year median is 17.36 vs. the industry median of 3.98, Migalo Holdings 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 Real Estate company?
The median ROE % among Real Estate companies is 3.98, based on 1,733 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. Migalo Holdings's current ROE % of 4.45% is 11.8% 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 Migalo Holdings and its competitors. For the Real Estate industry, the median ROE % is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Migalo Holdings's current ROE % is 4.45%, which is 74% below median its own 10-year median of 17.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migalo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Migalo Holdings (TSE:5535) is currently considered Significantly Undervalued. The stock's GF Value™ is 円446.62, compared to a current price of 円279.00 — trading 37.5% below its estimated fair value. The current ROE % is 4.45%, which is 74% below median its 10-year median of 17.36 and 11.8% above the Real Estate industry median of 3.98. Migalo Holdings' overall GF Score™ is 53/100 with 7 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 Migalo Holdings (TSE:5535), the current ROE % is 4.45% 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 Migalo Holdings (TSE:5535) Overvalued in 2026?

Based on GuruFocus' analysis, Migalo Holdings stock appears to be undervalued. The current stock price of 円279.00 is trading 37.5% below its estimated GF Value™ of 円446.62. GuruFocus considers Migalo Holdings to be Significantly Undervalued.

Key valuation signals for TSE:5535:

  • ROE %: 4.45% (74% below median its 10-year median of 17.36)
  • GF Value™: 円446.62 vs. price of 円279.00 (37.5% below fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 11.8% above the Real Estate median (#393 of 1733)

No single metric tells the full story. See the TSE:5535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Migalo Holdings Business Description

Address Shinjuku Island Tower, 6-5-1 Nishi-Shinjuku,41st floor, Shinjuku-ku, Tokyo, JPN, 163-1341
Migalo Holdings Inc is engaged in real estate development, sales, leasing, renting, etc., and related operations. It is also engaged in the Management and administration of group companies engaged in face recognition platform services, cloud integration services, contracted system development, etc. The group has two reportable segments, DX Promotion Business and DX Real Estate Business..
53GF Score

Get the complete analysis for TSE:5535

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

円279.00
Price
円446.62
GF Value