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 (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
* 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 REIT - Hotel & Motel subindustry, Invincible Investment'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.
Invincible Investment ROE % vs REITs Industry
For the REITs industry and Real Estate sector, Invincible Investment's ROE % distribution charts can be found below:
* The bar in red indicates where Invincible Investment'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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Invincible Investment (TSE:8963) has a ROE % of 9.46% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Invincible Investment and its competitors. This is 26% above median its historical median of 7.53. According to the industry distribution chart, Invincible Investment ranks #296 out of 939 companies in the REITs industry, placing it in the top 31.5%.
Is Invincible Investment's ROE % too high?
Invincible Investment's current ROE % of 9.46% is 26% above median its 10-year median of 7.53. The REITs industry median ROE % is 6.13. Invincible Investment's value of 9.46% is 54.3% above this industry median. Based on the distribution chart, Invincible Investment ranks #296 out of 939 companies in the REITs industry, which is above the industry midpoint. Overall, Invincible Investment has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invincible Investment's ROE % compare to HST and RHP?
According to the REITs industry distribution chart, Invincible Investment ranks #296 out of 939 companies for ROE %. This puts Invincible Investment in the upper half of its industry. The industry median ROE % is 6.13. Invincible Investment's value of 9.46% is 54.3% above this benchmark. While the company's 10-year median is 7.53 vs. the industry median of 6.13, Invincible Investment 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 REITs company?
The median ROE % among REITs companies is 6.13, based on 939 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. Invincible Investment's current ROE % of 9.46% is 54.3% 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 Invincible Investment and its competitors. For the REITs industry, the median ROE % is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invincible Investment's current ROE % is 9.46%, which is 26% above median its own 10-year median of 7.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invincible Investment stock overvalued right now?
Based on GuruFocus' analysis, Invincible Investment (TSE:8963) is currently considered Modestly Undervalued. The stock's GF Value™ is 円86,471.81, compared to a current price of 円61,200.00 — trading 29.2% below its estimated fair value. The current ROE % is 9.46%, which is 26% above median its 10-year median of 7.53 and 54.3% above the REITs industry median of 6.13. Invincible Investment's overall GF Score™ is 67/100 with 4 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 Invincible Investment (TSE:8963), the current ROE % is 9.46% as of Dec. 2025. 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 Invincible Investment (TSE:8963) Overvalued in 2026?
Based on GuruFocus' analysis, Invincible Investment stock appears to be undervalued.
The current stock price of 円61,200.00 is trading 29.2% below its estimated GF Value™ of 円86,471.81.
GuruFocus considers Invincible Investment to be Modestly Undervalued.
Key valuation signals for TSE:8963:
ROE %: 9.46% (26% above median its 10-year median of 7.53)
GF Value™: 円86,471.81 vs. price of 円61,200.00 (29.2% below fair value)
Industry Position: 54.3% above the REITs median (#296 of 939)
No single metric tells the full story. See the TSE:8963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Invincible Investment Corp is a real estate investment corporation. The company is an investment REIT focusing on the Tokyo metropolitan area and on residential properties.
67GF Score
Get the complete analysis for TSE:8963
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8963 has been successfully added to your 
