Belc CoTSE:9974 +1.27%93 ROE % is 13.73% as of Feb. 2026, which is 21% above its 10-year median of 11.33. GuruFocus rates TSE:9974 with a GF Score™ of 93/100 and a GF Value™ of 円7,996.50 (Modestly Undervalued). Among 304 Retail - Defensive companies, Belc Co ranks better than 57.89% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Belc Co's annualized net income for the quarter that ended in Feb. 2026 was 円16,232 Mil. Belc Co's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was 円118,238 Mil. Therefore, Belc Co's annualized ROE % for the quarter that ended in Feb. 2026 was 13.73%.
The historical rank and industry rank for Belc Co's ROE % or its related term are showing as below:
TSE:9974'
s ROE % Range Over the Past 10 Years
Min: 10.78 Med: 11.33 Max: 12.34
Current: 11.08
During the past 13 years, Belc Co's highest ROE % was 12.34%. The lowest was 10.78%. And the median was 11.33%.
TSE:9974's ROE % is ranked better than 57.89% of 304
companies
in the Retail - Defensive industry
Industry Median: 8.56
vs TSE:9974: 11.08
Belc Co (TSE:9974) 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 four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.
Belc Co ROE % Related Terms
Belc Co ROE % Historical Data
* Premium members only.
The historical data trend for Belc 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 Grocery Stores subindustry, Belc 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.
Belc Co ROE % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's ROE % distribution charts can be found below:
* The bar in red indicates where Belc 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 four times the quarterly (Feb. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Belc Co (TSE:9974) has a ROE % of 13.73% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Belc Co and its competitors. This is 21% above median its historical median of 11.33. Over the past decade, Belc Co's ROE % has ranged from 10.78 to 12.34. According to the industry distribution chart, Belc Co ranks #128 out of 304 companies in the Retail - Defensive industry, placing it in the top 42.1%.
Is Belc Co's ROE % too high?
Belc Co's current ROE % of 13.73% is 21% above median its 10-year median of 11.33. Over the past 10 years, this metric has ranged from a low of 10.78 to a high of 12.34. The Retail - Defensive industry median ROE % is 8.56. Belc Co's value of 13.73% is 60.4% above this industry median. Based on the distribution chart, Belc Co ranks #128 out of 304 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Belc Co has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's ROE % compare to KR?
According to the Retail - Defensive industry distribution chart, Belc Co ranks #128 out of 304 companies for ROE %. This puts Belc Co in the upper half of its industry. The industry median ROE % is 8.56. Belc Co's value of 13.73% is 60.4% above this benchmark. Historically, Belc Co's own ROE % has ranged from 10.78 to 12.34 over the past decade. While the company's 10-year median is 11.33 vs. the industry median of 8.56, Belc Co 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 Retail - Defensive company?
The median ROE % among Retail - Defensive companies is 8.56, based on 304 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. Belc Co's current ROE % of 13.73% is 60.4% 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 Belc Co and its competitors. For the Retail - Defensive industry, the median ROE % is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current ROE % is 13.73%, which is 21% above median its own 10-year median of 11.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円7,996.50, compared to a current price of 円6,370.00 — trading 20.3% below its estimated fair value. The current ROE % is 13.73%, which is 21% above median its 10-year median of 11.33 and 60.4% above the Retail - Defensive industry median of 8.56. Belc Co's overall GF Score™ is 93/100. 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 Belc Co (TSE:9974), the current ROE % is 13.73% as of Feb. 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 Belc Co (TSE:9974) Overvalued in 2026?
Based on GuruFocus' analysis, Belc Co stock appears to be undervalued.
The current stock price of 円6,370.00 is trading 20.3% below its estimated GF Value™ of 円7,996.50.
GuruFocus considers Belc Co to be Modestly Undervalued.
Key valuation signals for TSE:9974:
ROE %: 13.73% (21% above median its 10-year median of 11.33)
GF Value™: 円7,996.50 vs. price of 円6,370.00 (20.3% below fair value)
Industry Position: 60.4% above the Retail - Defensive median (#128 of 304)
No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
93GF Score
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