Forval TelecomTSE:9445 71 ROE % is 23.25% as of Mar. 2026, which is 1% above its 10-year median of 22.93. GuruFocus rates TSE:9445 with a GF Score™ of 71/100 and a GF Value™ of 円457.19 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 345 Telecommunication Services companies, Forval Telecom ranks better than 87.83% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Forval Telecom's annualized net income for the quarter that ended in Mar. 2026 was 円884 Mil. Forval Telecom's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円3,804 Mil. Therefore, Forval Telecom's annualized ROE % for the quarter that ended in Mar. 2026 was 23.25%.
The historical rank and industry rank for Forval Telecom's ROE % or its related term are showing as below:
TSE:9445'
s ROE % Range Over the Past 10 Years
Min: -43.85 Med: 22.93 Max: 42.7
Current: 27.05
During the past 13 years, Forval Telecom's highest ROE % was 42.70%. The lowest was -43.85%. And the median was 22.93%.
TSE:9445's ROE % is ranked better than 87.83% of 345
companies
in the Telecommunication Services industry
Industry Median: 7.35
vs TSE:9445: 27.05
Forval Telecom (TSE:9445) 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.
Forval Telecom ROE % Related Terms
Forval Telecom ROE % Historical Data
* Premium members only.
The historical data trend for Forval Telecom'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 Telecom Services subindustry, Forval Telecom'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.
Forval Telecom ROE % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Forval Telecom's ROE % distribution charts can be found below:
* The bar in red indicates where Forval Telecom'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.
Forval Telecom (TSE:9445) has a ROE % of 23.25% 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 Forval Telecom and its competitors. This is near median its historical median of 22.93. According to the industry distribution chart, Forval Telecom ranks #42 out of 345 companies in the Telecommunication Services industry, placing it in the top 12.2%.
Is Forval Telecom's ROE % too high?
Forval Telecom's current ROE % of 23.25% is near median its 10-year median of 22.93. The Telecommunication Services industry median ROE % is 7.35. Forval Telecom's value of 23.25% is 216.3% above this industry median. Based on the distribution chart, Forval Telecom ranks #42 out of 345 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Forval Telecom has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forval Telecom's ROE % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Forval Telecom ranks #42 out of 345 companies for ROE %. This places Forval Telecom in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 7.35. Forval Telecom's value of 23.25% is 216.3% above this benchmark. While the company's 10-year median is 22.93 vs. the industry median of 7.35, Forval Telecom 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 Telecommunication Services company?
The median ROE % among Telecommunication Services companies is 7.35, based on 345 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. Forval Telecom's current ROE % of 23.25% is 216.3% 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 Forval Telecom and its competitors. For the Telecommunication Services industry, the median ROE % is 7.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval Telecom's current ROE % is 23.25%, which is near median its own 10-year median of 22.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval Telecom stock overvalued right now?
Based on GuruFocus' analysis, Forval Telecom (TSE:9445) is currently considered Modestly Overvalued. The stock's GF Value™ is 円457.19, compared to a current price of 円530.00 — trading 15.9% above its estimated fair value. The current ROE % is 23.25%, which is near median its 10-year median of 22.93 and 216.3% above the Telecommunication Services industry median of 7.35. Forval Telecom's overall GF Score™ is 71/100 with 3 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 Forval Telecom (TSE:9445), the current ROE % is 23.25% 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 Forval Telecom (TSE:9445) Overvalued in 2026?
Based on GuruFocus' analysis, Forval Telecom stock appears to be overvalued.
The current stock price of 円530.00 is trading 15.9% above its estimated GF Value™ of 円457.19.
GuruFocus considers Forval Telecom to be Modestly Overvalued.
Key valuation signals for TSE:9445:
ROE %: 23.25% (near median its 10-year median of 22.93)
GF Value™: 円457.19 vs. price of 円530.00 (15.9% above fair value)
Industry Position: 216.3% above the Telecommunication Services median (#42 of 345)
No single metric tells the full story. See the TSE:9445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forval Telecom Inc provides telecommunications communication services and management consulting services in Japan. It provides discount international and domestic telephone and cellular phone services for the business and private sectors. It is also involved in the security certification acquisition consulting business.
71GF Score
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