ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Manaby Co's annualized net income for the quarter that ended in Mar. 2026 was 円16 Mil. Manaby Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円78 Mil. Therefore, Manaby Co's annualized ROE % for the quarter that ended in Mar. 2026 was 20.59%.
The historical rank and industry rank for Manaby Co's ROE % or its related term are showing as below:
TSE:9222'
s ROE % Range Over the Past 10 Years
Min: -57.39 Med: -7.41 Max: 48.03
Current: 34.47
During the past 7 years, Manaby Co's highest ROE % was 48.03%. The lowest was -57.39%. And the median was -7.41%.
TSE:9222's ROE % is not ranked
in the Business Services industry.
Industry Median: 8.09
vs TSE:9222: 34.47
Manaby Co (TSE:9222) 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.
Manaby Co ROE % Related Terms
Manaby Co ROE % Historical Data
* Premium members only.
The historical data trend for Manaby 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 Staffing & Employment Services subindustry, Manaby 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.
Manaby Co ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, Manaby Co's ROE % distribution charts can be found below:
* The bar in red indicates where Manaby 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 two times the semi-annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Manaby Co (TSE:9222) has a ROE % of 20.59% 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 Manaby Co and its competitors.
Is Manaby Co's ROE % too high?
Manaby Co's current ROE % is 20.59%. The Business Services industry median ROE % is 8.09. Manaby Co's value of 20.59% is 154.5% above this industry median. Overall, Manaby Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Manaby Co's ROE % compare to RHI and KFY?
Manaby Co's ROE % of 20.59% can be compared against companies in the Business Services industry. The industry median ROE % is 8.09. Manaby Co's value of 20.59% is 154.5% above this benchmark. 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 Business Services company?
The median ROE % among Business Services companies is 8.09, based on 1,059 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. Manaby Co's current ROE % of 20.59% is 154.5% 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 Manaby Co and its competitors. For the Business Services industry, the median ROE % is 8.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manaby Co's current ROE % is 20.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manaby Co stock overvalued right now?
Manaby Co (TSE:9222) has a current ROE % of 20.59%. The stock's GF Value™ is 円2,175.53, compared to a current price of 円50.00 — trading 97.7% below its estimated fair value. The current ROE % is 20.59% and 154.5% above the Business Services industry median of 8.09. Manaby Co's overall GF Score™ is 12/100 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 Manaby Co (TSE:9222), the current ROE % is 20.59% 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 Manaby Co (TSE:9222) Overvalued in 2026?
Based on GuruFocus' analysis, Manaby Co stock appears to be undervalued.
The current stock price of 円50.00 is trading 97.7% below its estimated GF Value™ of 円2,175.53.
Key valuation signals for TSE:9222:
ROE %: 20.59%
GF Value™: 円2,175.53 vs. price of 円50.00 (97.7% below fair value)
Industry Position: 154.5% above the Business Services median
No single metric tells the full story. See the TSE:9222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manaby Co Ltd is engaged in providing employment support services based on comprehensive support law for people with disabilities. It has developed a learning system using its e-learning system, which allows people who have difficulty going out, to learn IT skills to train and work from home. The company's main operations are as follows: employment transition support business (manaby); employment continuation support type B business (manabyCREATORS); online employment support business (manabyWORKS); paid job introduction service for companies wishing to employ people with disabilities; e-learning service (Mana e) for welfare business operators, dialogue-oriented SES (provision of engineer labor) business (manabyTECHNO); and after-school day care service business (manaby Campus).
12GF Score
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