GO (TSE:581A) ROE %: 38.89% (As of Feb. 2026) — 196% Above 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:581A GO Inc TSE:581A
21 GF Score
Price 円3,290.00
! 1 Warning Sign
View Full Analysis

What is GO ROE %?

GO TSE:581A +4.28% 21 ROE % is 38.89% as of Feb. 2026, which is 196% above its 10-year median of 13.15. GuruFocus rates TSE:581A with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,689 Software companies, GO ranks better than 84.27% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. GO's annualized net income for the quarter that ended in Feb. 2026 was 円7,532 Mil. GO's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was 円19,367 Mil. Therefore, GO's annualized ROE % for the quarter that ended in Feb. 2026 was 38.89%.

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

TSE:581A' s ROE % Range Over the Past 10 Years
Min: -23.46   Med: 13.15   Max: 42.26
Current: 22.86

During the past 3 years, GO's highest ROE % was 42.26%. The lowest was -23.46%. And the median was 13.15%.

TSE:581A's ROE % is ranked better than
84.27% of 2689 companies
in the Software industry
Industry Median: 4.85 vs TSE:581A: 22.86

GO  (TSE:581A) 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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=7532/19366.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7532 / 43424)*(43424 / 61194)*(61194 / 19366.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.35 %*0.7096*3.1598
=ROA %*Equity Multiplier
=12.31 %*3.1598
=38.89 %

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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=7532/19366.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (7532 / 8432) * (8432 / 8600) * (8600 / 43424) * (43424 / 61194) * (61194 / 19366.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8933 * 0.9805 * 19.8 % * 0.7096 * 3.1598
=38.89 %

Note: The net income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.


GO ROE % Related Terms


GO ROE % Historical Data

* Premium members only.

The historical data trend for GO'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.

GO ROE % Chart

GO Annual Data
Trend May24 May25 May26
ROE %
-23.46 13.15 42.26

GO Quarterly Data
May24 May25 Feb26 May26
ROE % 0.00 0.00 38.89 50.28

TSE:581A vs QH, SHOP, UBER: ROE % Comparison

For the Software - Application subindustry, GO'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.


GO ROE % vs Software Industry

For the Software industry and Technology sector, GO's ROE % distribution charts can be found below:

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


TSE:581A
21GF Score
GO Inc TSE:581A
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GO ROE % Calculation

GO's annualized ROE % for the fiscal year that ended in May. 2026 is calculated as

ROE %=Net Income (A: May. 2026 )/( (Total Stockholders Equity (A: May. 2025 )+Total Stockholders Equity (A: May. 2026 ))/ count )
=8838/( (16309+25517)/ 2 )
=8838/20913
=42.26 %

GO's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: May. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=7532/( (16309+22424)/ 2 )
=7532/19366.5
=38.89 %

* 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 (Feb. 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 38.89% mean?
GO (TSE:581A) has a ROE % of 38.89% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on GO and its competitors. This is 196% above median its historical median of 13.15. According to the industry distribution chart, GO ranks #423 out of 2689 companies in the Software industry, placing it in the top 15.7%.
Is GO's ROE % too high?
GO's current ROE % of 38.89% is 196% above median its 10-year median of 13.15. The Software industry median ROE % is 4.85. GO's value of 38.89% is 701.9% above this industry median. Based on the distribution chart, GO ranks #423 out of 2689 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, GO has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does GO's ROE % compare to QH and SHOP?
According to the Software industry distribution chart, GO ranks #423 out of 2689 companies for ROE %. This places GO in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 4.85. GO's value of 38.89% is 701.9% above this benchmark. While the company's 10-year median is 13.15 vs. the industry median of 4.85, GO 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 Software company?
The median ROE % among Software companies is 4.85, based on 2,689 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. GO's current ROE % of 38.89% is 701.9% 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 GO and its competitors. For the Software industry, the median ROE % is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GO's current ROE % is 38.89%, which is 196% above median its own 10-year median of 13.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GO stock overvalued right now?
GO (TSE:581A) has a current ROE % of 38.89%. The current ROE % is 38.89%, which is 196% above median its 10-year median of 13.15 and 701.9% above the Software industry median of 4.85. GO's overall GF Score™ is 21/100 with 1 warning sign 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 GO (TSE:581A), the current ROE % is 38.89% as of Feb. 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.

GO Business Description

Other Exchanges RH0:Germany
Address 1-3-1 Azabudai, Azabudai Hills Mori JP Tower 23rd Floor, Minato-ku, Tokyo, JPN, 106-0041
GO Inc is a mobility-tech company, focused on taxi and transportation services through a digital platform. Its business activities include the provision of dispatch systems for taxi operators, taxi-hailing applications, and other mobility-related services.
21GF Score

Get the complete analysis for TSE:581A

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

円3,290.00
Price