DMS (TSE:9782) ROE %: 8.91% (As of Mar. 2026) — 15% Above Median


TSE:9782 DMS Inc TSE:9782
71 GF Score
Price 円3,305.00
GF Value 円2,197.30
Valuation Significantly Overvalued
! 3 Warning Signs
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What is DMS ROE %?

DMS TSE:9782 +0.30% 71 ROE % is 8.91% as of Mar. 2026, which is 15% above its 10-year median of 7.74. GuruFocus rates TSE:9782 with a GF Score™ of 71/100 and a GF Value™ of 円2,197.30 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 958 Media - Diversified companies, DMS ranks better than 64.82% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. DMS's annualized net income for the quarter that ended in Mar. 2026 was 円1,403 Mil. DMS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円15,745 Mil. Therefore, DMS's annualized ROE % for the quarter that ended in Mar. 2026 was 8.91%.

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

TSE:9782' s ROE % Range Over the Past 10 Years
Min: 5.04   Med: 7.74   Max: 9.8
Current: 6.83

During the past 13 years, DMS's highest ROE % was 9.80%. The lowest was 5.04%. And the median was 7.74%.

TSE:9782's ROE % is ranked better than
64.82% of 958 companies
in the Media - Diversified industry
Industry Median: 2.47 vs TSE:9782: 6.83

DMS  (TSE:9782) 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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1402.904/15745.4645
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1402.904 / 32898.832)*(32898.832 / 20261.1045)*(20261.1045 / 15745.4645)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.26 %*1.6237*1.2868
=ROA %*Equity Multiplier
=6.92 %*1.2868
=8.91 %

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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1402.904/15745.4645
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1402.904 / 2021.26) * (2021.26 / 1940.48) * (1940.48 / 32898.832) * (32898.832 / 20261.1045) * (20261.1045 / 15745.4645)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6941 * 1.0416 * 5.9 % * 1.6237 * 1.2868
=8.91 %

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.


DMS ROE % Related Terms


DMS ROE % Historical Data

* Premium members only.

The historical data trend for DMS'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.

DMS ROE % Chart

DMS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.47 7.73 9.49 5.04 6.74

DMS Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.77 4.24 5.89 4.90 8.91

TSE:9782 vs APP, OMC, TTD: ROE % Comparison

For the Advertising Agencies subindustry, DMS'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.


DMS ROE % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, DMS's ROE % distribution charts can be found below:

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


TSE:9782
71GF Score
DMS Inc TSE:9782
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DMS ROE % Calculation

DMS's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=1097.967/( (16726.388+15874.477)/ 2 )
=1097.967/16300.4325
=6.74 %

DMS's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1402.904/( (15616.452+15874.477)/ 2 )
=1402.904/15745.4645
=8.91 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 8.91% mean?
DMS (TSE:9782) has a ROE % of 8.91% 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 DMS and its competitors. This is 15% above median its historical median of 7.74. Over the past decade, DMS's ROE % has ranged from 5.04 to 9.80. According to the industry distribution chart, DMS ranks #337 out of 958 companies in the Media - Diversified industry, placing it in the top 35.2%.
Is DMS's ROE % too high?
DMS's current ROE % of 8.91% is 15% above median its 10-year median of 7.74. Over the past 10 years, this metric has ranged from a low of 5.04 to a high of 9.80. The Media - Diversified industry median ROE % is 2.47. DMS's value of 8.91% is 260.7% above this industry median. Based on the distribution chart, DMS ranks #337 out of 958 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, DMS has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DMS's ROE % compare to APP and OMC?
According to the Media - Diversified industry distribution chart, DMS ranks #337 out of 958 companies for ROE %. This puts DMS in the upper half of its industry. The industry median ROE % is 2.47. DMS's value of 8.91% is 260.7% above this benchmark. Historically, DMS's own ROE % has ranged from 5.04 to 9.80 over the past decade. While the company's 10-year median is 7.74 vs. the industry median of 2.47, DMS 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 Media - Diversified company?
The median ROE % among Media - Diversified companies is 2.47, based on 958 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. DMS's current ROE % of 8.91% is 260.7% 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 DMS and its competitors. For the Media - Diversified industry, the median ROE % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DMS's current ROE % is 8.91%, which is 15% above median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMS stock overvalued right now?
Based on GuruFocus' analysis, DMS (TSE:9782) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,197.30, compared to a current price of 円3,305.00 — trading 50.4% above its estimated fair value. The current ROE % is 8.91%, which is 15% above median its 10-year median of 7.74 and 260.7% above the Media - Diversified industry median of 2.47. DMS'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 DMS (TSE:9782), the current ROE % is 8.91% 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 DMS (TSE:9782) Overvalued in 2026?

Based on GuruFocus' analysis, DMS stock appears to be overvalued. The current stock price of 円3,305.00 is trading 50.4% above its estimated GF Value™ of 円2,197.30. GuruFocus considers DMS to be Significantly Overvalued.

Key valuation signals for TSE:9782:

  • ROE %: 8.91% (15% above median its 10-year median of 7.74)
  • GF Value™: 円2,197.30 vs. price of 円3,305.00 (50.4% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 260.7% above the Media - Diversified median (#337 of 958)

No single metric tells the full story. See the TSE:9782 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DMS Business Description

Address 1-11 Kanda-Ogawamachi, Chiyoda Ogawamachi Kurosuta, 10th Floor, Chiyoda-ku, Tokyo, JPN, 101-0052
DMS Inc provides direct mailing and sales promotion services in Japan. The company processes and distributes direct mailing, and logistics support for outsourcing services including sales promotion, sales promotion business, event business, rental business, and other related activities.
71GF Score

Get the complete analysis for TSE:9782

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

円3,305.00
Price
円2,197.30
GF Value