GoldwinTSE:8111 -0.80%84 ROE % is 28.53% as of Mar. 2026, which is 19% above its 10-year median of 23.96. GuruFocus rates TSE:8111 with a GF Score™ of 84/100 and a GF Value™ of 円2,942.21 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Goldwin ranks better than 90.88% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Goldwin's annualized net income for the quarter that ended in Mar. 2026 was 円35,372 Mil. Goldwin's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円123,987 Mil. Therefore, Goldwin's annualized ROE % for the quarter that ended in Mar. 2026 was 28.53%.
The historical rank and industry rank for Goldwin's ROE % or its related term are showing as below:
TSE:8111'
s ROE % Range Over the Past 10 Years
Min: 11.14 Med: 23.96 Max: 29.3
Current: 20.62
During the past 13 years, Goldwin's highest ROE % was 29.30%. The lowest was 11.14%. And the median was 23.96%.
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.
Goldwin ROE % Related Terms
Goldwin ROE % Historical Data
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The historical data trend for Goldwin'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 Apparel Manufacturing subindustry, Goldwin'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.
Goldwin ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Goldwin's ROE % distribution charts can be found below:
* The bar in red indicates where Goldwin'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.
Goldwin (TSE:8111) has a ROE % of 28.53% 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 Goldwin and its competitors. This is 19% above median its historical median of 23.96. Over the past decade, Goldwin's ROE % has ranged from 11.14 to 29.30. According to the industry distribution chart, Goldwin ranks #93 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9.1%.
Is Goldwin's ROE % too high?
Goldwin's current ROE % of 28.53% is 19% above median its 10-year median of 23.96. Over the past 10 years, this metric has ranged from a low of 11.14 to a high of 29.30. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Goldwin's value of 28.53% is 606.2% above this industry median. Based on the distribution chart, Goldwin ranks #93 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Goldwin has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goldwin's ROE % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Goldwin ranks #93 out of 1020 companies for ROE %. This places Goldwin in the top 9% of its industry — outperforming the majority of peers. The industry median ROE % is 4.04. Goldwin's value of 28.53% is 606.2% above this benchmark. Historically, Goldwin's own ROE % has ranged from 11.14 to 29.30 over the past decade. While the company's 10-year median is 23.96 vs. the industry median of 4.04, Goldwin 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,020 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. Goldwin's current ROE % of 28.53% is 606.2% 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 Goldwin and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldwin's current ROE % is 28.53%, which is 19% above median its own 10-year median of 23.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldwin stock overvalued right now?
Based on GuruFocus' analysis, Goldwin (TSE:8111) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,942.21, compared to a current price of 円2,241.50 — trading 23.8% below its estimated fair value. The current ROE % is 28.53%, which is 19% above median its 10-year median of 23.96 and 606.2% above the Manufacturing - Apparel & Accessories industry median of 4.04. Goldwin's overall GF Score™ is 84/100 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 Goldwin (TSE:8111), the current ROE % is 28.53% 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 Goldwin (TSE:8111) Overvalued in 2026?
Based on GuruFocus' analysis, Goldwin stock appears to be undervalued.
The current stock price of 円2,241.50 is trading 23.8% below its estimated GF Value™ of 円2,942.21.
GuruFocus considers Goldwin to be Modestly Undervalued.
Key valuation signals for TSE:8111:
ROE %: 28.53% (19% above median its 10-year median of 23.96)
GF Value™: 円2,942.21 vs. price of 円2,241.50 (23.8% below fair value)
Industry Position: 606.2% above the Manufacturing - Apparel & Accessories median (#93 of 1020)
No single metric tells the full story. See the TSE:8111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goldwin Inc is involved in the business of manufacturing and selling sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo, Ellesse, Danskin, Canterbury, Black and white sport, the North Face, Helly Hansen, Macpac, Alite, Icebreaker, and Fischer.
84GF Score
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