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Neturen CoTSE:5976 +0.76%71 ROE % is 2.04% as of Mar. 2026, which is 16% below its 10-year median of 2.42. GuruFocus rates TSE:5976 with a GF Score™ of 71/100 and a GF Value™ of 円1,188.20 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 619 Steel companies, Neturen Co ranks worse than 57.51% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Neturen Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,172 Mil. Neturen Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円57,469 Mil. Therefore, Neturen Co's annualized ROE % for the quarter that ended in Mar. 2026 was 2.04%.
The historical rank and industry rank for Neturen Co's ROE % or its related term are showing as below:
TSE:5976'
s ROE % Range Over the Past 10 Years
Min: 0.44 Med: 2.42 Max: 5.12
Current: 2.29
During the past 13 years, Neturen Co's highest ROE % was 5.12%. The lowest was 0.44%. And the median was 2.42%.
TSE:5976's ROE % is ranked worse than 57.51% of 619
companies
in the Steel industry
Industry Median: 3.7
vs TSE:5976: 2.29
Neturen Co (TSE:5976) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
Neturen Co ROE % Related Terms
Neturen Co ROE % Historical Data
* Premium members only.
The historical data trend for Neturen 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.
For the Steel subindustry, Neturen 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.
Neturen Co ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Neturen Co's ROE % distribution charts can be found below:
* The bar in red indicates where Neturen 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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Neturen Co (TSE:5976) has a ROE % of 2.04% 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 Neturen Co and its competitors. This is 16% below median its historical median of 2.42. Over the past decade, Neturen Co's ROE % has ranged from 0.44 to 5.12. According to the industry distribution chart, Neturen Co ranks #356 out of 619 companies in the Steel industry, placing it in the top 57.5%.
Is Neturen Co's ROE % too high?
Neturen Co's current ROE % of 2.04% is 16% below median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 5.12. The Steel industry median ROE % is 3.70. Neturen Co's value of 2.04% is 44.9% below this industry median. Based on the distribution chart, Neturen Co ranks #356 out of 619 companies in the Steel industry, which is below the industry midpoint. Overall, Neturen Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neturen Co's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Neturen Co ranks #356 out of 619 companies for ROE %. This places Neturen Co in the lower half of its industry. The industry median ROE % is 3.70. Neturen Co's value of 2.04% is 44.9% below this benchmark. Historically, Neturen Co's own ROE % has ranged from 0.44 to 5.12 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 3.70, Neturen Co has consistently been below 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 Steel company?
The median ROE % among Steel companies is 3.70, based on 619 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. Neturen Co's current ROE % of 2.04% is 44.9% below 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 Neturen Co and its competitors. For the Steel industry, the median ROE % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neturen Co's current ROE % is 2.04%, which is 16% below median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neturen Co stock overvalued right now?
Based on GuruFocus' analysis, Neturen Co (TSE:5976) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,188.20, compared to a current price of 円1,323.00 — trading 11.3% above its estimated fair value. The current ROE % is 2.04%, which is 16% below median its 10-year median of 2.42 and 44.9% below the Steel industry median of 3.70. Neturen Co's overall GF Score™ is 71/100 with 6 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 Neturen Co (TSE:5976), the current ROE % is 2.04% 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 Neturen Co (TSE:5976) Overvalued in 2026?
Based on GuruFocus' analysis, Neturen Co stock appears to be overvalued.
The current stock price of 円1,323.00 is trading 11.3% above its estimated GF Value™ of 円1,188.20.
GuruFocus considers Neturen Co to be Modestly Overvalued.
Key valuation signals for TSE:5976:
ROE %: 2.04% (16% below median its 10-year median of 2.42)
GF Value™: 円1,188.20 vs. price of 円1,323.00 (11.3% above fair value)
Industry Position: 44.9% below the Steel median (#356 of 619)
No single metric tells the full story. See the TSE:5976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neturen Co Ltd is a steel and steel products manufacturing company. It manufactures and sells prestressing and deformed steel bars for prestressed concrete used in civil engineering and construction field; Induction Heated, Quenched and Tempered Wire used in suspension springs for auto parts and construction machine parts; and induction heating equipment for various industries. The company's segments consist of Specialty Steel and Wire Products Division and Induction Heat Treatment Service and Heating Machine Division. The majority of the revenue is derived from the manufacturing and sale of prestressing steel bars and shear reinforcement bars.
71GF Score
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