NittanTSE:6493 +1.09%74 ROE % is 5.60% as of Mar. 2026, which is 123% above its 10-year median of 2.51. GuruFocus rates TSE:6493 with a GF Score™ of 74/100 and a GF Value™ of 円376.87 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,305 Vehicles & Parts companies, Nittan ranks better than 53.95% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nittan's annualized net income for the quarter that ended in Mar. 2026 was 円1,694 Mil. Nittan's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円30,244 Mil. Therefore, Nittan's annualized ROE % for the quarter that ended in Mar. 2026 was 5.60%.
The historical rank and industry rank for Nittan's ROE % or its related term are showing as below:
TSE:6493'
s ROE % Range Over the Past 10 Years
Min: -1.55 Med: 2.51 Max: 7.46
Current: 7.46
During the past 13 years, Nittan's highest ROE % was 7.46%. The lowest was -1.55%. And the median was 2.51%.
TSE:6493's ROE % is ranked better than 53.95% of 1305
companies
in the Vehicles & Parts industry
Industry Median: 6.64
vs TSE:6493: 7.46
Nittan (TSE:6493) 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.
Nittan ROE % Related Terms
Nittan ROE % Historical Data
* Premium members only.
The historical data trend for Nittan'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 Auto Parts subindustry, Nittan'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.
Nittan ROE % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nittan's ROE % distribution charts can be found below:
* The bar in red indicates where Nittan'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.
Nittan (TSE:6493) has a ROE % of 5.60% 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 Nittan and its competitors. This is 123% above median its historical median of 2.51. According to the industry distribution chart, Nittan ranks #601 out of 1305 companies in the Vehicles & Parts industry, placing it in the top 46.1%.
Is Nittan's ROE % too high?
Nittan's current ROE % of 5.60% is 123% above median its 10-year median of 2.51. The Vehicles & Parts industry median ROE % is 6.64. Nittan's value of 5.60% is 15.7% below this industry median. Based on the distribution chart, Nittan ranks #601 out of 1305 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Nittan has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nittan's ROE % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nittan ranks #601 out of 1305 companies for ROE %. This puts Nittan in the upper half of its industry. The industry median ROE % is 6.64. Nittan's value of 5.60% is 15.7% below this benchmark. While the company's 10-year median is 2.51 vs. the industry median of 6.64, Nittan 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 Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.64, based on 1,305 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. Nittan's current ROE % of 5.60% is 15.7% 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 Nittan and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nittan's current ROE % is 5.60%, which is 123% above median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nittan stock overvalued right now?
Based on GuruFocus' analysis, Nittan (TSE:6493) is currently considered Modestly Overvalued. The stock's GF Value™ is 円376.87, compared to a current price of 円463.00 — trading 22.9% above its estimated fair value. The current ROE % is 5.60%, which is 123% above median its 10-year median of 2.51 and 15.7% below the Vehicles & Parts industry median of 6.64. Nittan's overall GF Score™ is 74/100 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 Nittan (TSE:6493), the current ROE % is 5.60% 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 Nittan (TSE:6493) Overvalued in 2026?
Based on GuruFocus' analysis, Nittan stock appears to be overvalued.
The current stock price of 円463.00 is trading 22.9% above its estimated GF Value™ of 円376.87.
GuruFocus considers Nittan to be Modestly Overvalued.
Key valuation signals for TSE:6493:
ROE %: 5.60% (123% above median its 10-year median of 2.51)
GF Value™: 円376.87 vs. price of 円463.00 (22.9% above fair value)
Industry Position: 15.7% below the Vehicles & Parts median (#601 of 1305)
No single metric tells the full story. See the TSE:6493 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nittan Corp operates in the auto parts industry. The company is mainly engaged in the manufacturing and distribution of engine valves, automobile parts, spinning machine parts, and other general machine parts and equipment. In addition, the company is involved in the produce, process, and sales of agricultural crops. The company has an operational presence across Asia, North America, and Europe.
74GF Score
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