Nareru Group (TSE:9163) ROE %: 12.67% (As of Apr. 2026) — 15% Below Median


TSE:9163 Nareru Group Inc TSE:9163
55 GF Score
Price 円2,251.00
GF Value 円2,924.93
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Nareru Group ROE %?

Nareru Group TSE:9163 +0.09% 55 ROE % is 12.67% as of Apr. 2026, which is 15% below its 10-year median of 14.95. GuruFocus rates TSE:9163 with a GF Score™ of 55/100 and a GF Value™ of 円2,924.93 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,737 Construction companies, Nareru Group ranks better than 72.83% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nareru Group's annualized net income for the quarter that ended in Apr. 2026 was 円1,860 Mil. Nareru Group's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was 円14,686 Mil. Therefore, Nareru Group's annualized ROE % for the quarter that ended in Apr. 2026 was 12.67%.

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

TSE:9163' s ROE % Range Over the Past 10 Years
Min: 13.15   Med: 14.95   Max: 17.08
Current: 13.36

During the past 6 years, Nareru Group's highest ROE % was 17.08%. The lowest was 13.15%. And the median was 14.95%.

TSE:9163's ROE % is ranked better than
72.83% of 1737 companies
in the Construction industry
Industry Median: 6.7 vs TSE:9163: 13.36

Nareru Group  (TSE:9163) 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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=1860.094/14685.7615
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1860.094 / 25338.386)*(25338.386 / 24464.152)*(24464.152 / 14685.7615)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.34 %*1.0357*1.6658
=ROA %*Equity Multiplier
=7.6 %*1.6658
=12.67 %

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: Apr. 2026 )
=Net Income/Total Stockholders Equity
=1860.094/14685.7615
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1860.094 / 2637.052) * (2637.052 / 2709.338) * (2709.338 / 25338.386) * (25338.386 / 24464.152) * (24464.152 / 14685.7615)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7054 * 0.9733 * 10.69 % * 1.0357 * 1.6658
=12.67 %

Note: The net income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.


Nareru Group ROE % Related Terms


Nareru Group ROE % Historical Data

* Premium members only.

The historical data trend for Nareru Group'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.

Nareru Group ROE % Chart

Nareru Group Annual Data
Trend Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROE %
Get a 7-Day Free Trial 13.15 13.39 15.75 17.08 14.95

Nareru Group Semi-Annual Data
Oct20 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 14.98 19.50 15.87 14.06 12.67

TSE:9163 vs PWR, FIX, EME: ROE % Comparison

For the Engineering & Construction subindustry, Nareru Group'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.


Nareru Group ROE % vs Construction Industry

For the Construction industry and Industrials sector, Nareru Group's ROE % distribution charts can be found below:

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


TSE:9163
55GF Score
Nareru Group Inc TSE:9163
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nareru Group ROE % Calculation

Nareru Group's annualized ROE % for the fiscal year that ended in Oct. 2025 is calculated as

ROE %=Net Income (A: Oct. 2025 )/( (Total Stockholders Equity (A: Oct. 2024 )+Total Stockholders Equity (A: Oct. 2025 ))/ count )
=2086.906/( (13440.65+14478.778)/ 2 )
=2086.906/13959.714
=14.95 %

Nareru Group's annualized ROE % for the quarter that ended in Apr. 2026 is calculated as

ROE %=Net Income (Q: Apr. 2026 )/( (Total Stockholders Equity (Q: Oct. 2025 )+Total Stockholders Equity (Q: Apr. 2026 ))/ count )
=1860.094/( (14478.778+14892.745)/ 2 )
=1860.094/14685.7615
=12.67 %

* 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 (Apr. 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 12.67% mean?
Nareru Group (TSE:9163) has a ROE % of 12.67% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nareru Group and its competitors. This is 15% below median its historical median of 14.95. Over the past decade, Nareru Group's ROE % has ranged from 13.15 to 17.08. According to the industry distribution chart, Nareru Group ranks #472 out of 1737 companies in the Construction industry, placing it in the top 27.2%.
Is Nareru Group's ROE % too high?
Nareru Group's current ROE % of 12.67% is 15% below median its 10-year median of 14.95. Over the past 10 years, this metric has ranged from a low of 13.15 to a high of 17.08. The Construction industry median ROE % is 6.70. Nareru Group's value of 12.67% is 89.1% above this industry median. Based on the distribution chart, Nareru Group ranks #472 out of 1737 companies in the Construction industry, which is above the industry midpoint. Overall, Nareru Group has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nareru Group's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, Nareru Group ranks #472 out of 1737 companies for ROE %. This puts Nareru Group in the upper half of its industry. The industry median ROE % is 6.70. Nareru Group's value of 12.67% is 89.1% above this benchmark. Historically, Nareru Group's own ROE % has ranged from 13.15 to 17.08 over the past decade. While the company's 10-year median is 14.95 vs. the industry median of 6.70, Nareru Group 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 Construction company?
The median ROE % among Construction companies is 6.70, based on 1,737 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. Nareru Group's current ROE % of 12.67% is 89.1% 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 Nareru Group and its competitors. For the Construction industry, the median ROE % is 6.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nareru Group's current ROE % is 12.67%, which is 15% below median its own 10-year median of 14.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nareru Group stock overvalued right now?
Based on GuruFocus' analysis, Nareru Group (TSE:9163) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,924.93, compared to a current price of 円2,251.00 — trading 23% below its estimated fair value. The current ROE % is 12.67%, which is 15% below median its 10-year median of 14.95 and 89.1% above the Construction industry median of 6.70. Nareru Group's overall GF Score™ is 55/100 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 Nareru Group (TSE:9163), the current ROE % is 12.67% as of Apr. 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 Nareru Group (TSE:9163) Overvalued in 2026?

Based on GuruFocus' analysis, Nareru Group stock appears to be undervalued. The current stock price of 円2,251.00 is trading 23% below its estimated GF Value™ of 円2,924.93. GuruFocus considers Nareru Group to be Modestly Undervalued.

Key valuation signals for TSE:9163:

  • ROE %: 12.67% (15% below median its 10-year median of 14.95)
  • GF Value™: 円2,924.93 vs. price of 円2,251.00 (23% below fair value)
  • GF Score™: 55/100 with 1 warning sign
  • Industry Position: 89.1% above the Construction median (#472 of 1737)

No single metric tells the full story. See the TSE:9163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nareru Group Business Description

Address 3-5 Nibancho, 3rd Floor, Kojimachi Mitsuha Building, Chiyoda-ku, Tokyo, JPN, 102-0084
Nareru Group Inc is engaged in the Dispatching service of construction engineers and computer engineers. The company provides services in the areas of architecture, civil engineering, air conditioning and sanitary, and electrical equipment.
55GF Score

Get the complete analysis for TSE:9163

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

円2,251.00
Price
円2,924.93
GF Value