Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kiwoom Securities Co (XKRX:039490) 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 (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
* 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 Capital Markets subindustry, Kiwoom Securities 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.
Kiwoom Securities Co ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Kiwoom Securities Co's ROE % distribution charts can be found below:
* The bar in red indicates where Kiwoom Securities 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 (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Kiwoom Securities Co (XKRX:039490) has a ROE % of 37.47% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Kiwoom Securities Co and its competitors. This is 127% above median its historical median of 16.48. Over the past decade, Kiwoom Securities Co's ROE % has ranged from 9.27 to 27.63. According to the industry distribution chart, Kiwoom Securities Co ranks #101 out of 784 companies in the Capital Markets industry, placing it in the top 12.9%.
Is Kiwoom Securities Co's ROE % too high?
Kiwoom Securities Co's current ROE % of 37.47% is 127% above median its 10-year median of 16.48. Over the past 10 years, this metric has ranged from a low of 9.27 to a high of 27.63. The Capital Markets industry median ROE % is 6.42. Kiwoom Securities Co's value of 37.47% is 484.1% above this industry median. Based on the distribution chart, Kiwoom Securities Co ranks #101 out of 784 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Kiwoom Securities Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kiwoom Securities Co's ROE % compare to MS and GS?
According to the Capital Markets industry distribution chart, Kiwoom Securities Co ranks #101 out of 784 companies for ROE %. This places Kiwoom Securities Co in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 6.42. Kiwoom Securities Co's value of 37.47% is 484.1% above this benchmark. Historically, Kiwoom Securities Co's own ROE % has ranged from 9.27 to 27.63 over the past decade. While the company's 10-year median is 16.48 vs. the industry median of 6.42, Kiwoom Securities 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 Capital Markets company?
The median ROE % among Capital Markets companies is 6.42, based on 784 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. Kiwoom Securities Co's current ROE % of 37.47% is 484.1% 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 Kiwoom Securities Co and its competitors. For the Capital Markets industry, the median ROE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kiwoom Securities Co's current ROE % is 37.47%, which is 127% above median its own 10-year median of 16.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kiwoom Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Kiwoom Securities Co (XKRX:039490) is currently considered Significantly Overvalued. The stock's GF Value™ is ₩198,916.88, compared to a current price of ₩277,500.00 — trading 39.5% above its estimated fair value. The current ROE % is 37.47%, which is 127% above median its 10-year median of 16.48 and 484.1% above the Capital Markets industry median of 6.42. Kiwoom Securities Co's overall GF Score™ is 72/100 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 Kiwoom Securities Co (XKRX:039490), the current ROE % is 37.47% as of Jun. 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 Kiwoom Securities Co (XKRX:039490) Overvalued in 2026?
Based on GuruFocus' analysis, Kiwoom Securities Co stock appears to be overvalued.
The current stock price of ₩277,500.00 is trading 39.5% above its estimated GF Value™ of ₩198,916.88.
GuruFocus considers Kiwoom Securities Co to be Significantly Overvalued.
Key valuation signals for XKRX:039490:
ROE %: 37.47% (127% above median its 10-year median of 16.48)
GF Value™: ₩198,916.88 vs. price of ₩277,500.00 (39.5% above fair value)
Industry Position: 484.1% above the Capital Markets median (#101 of 784)
No single metric tells the full story. See the XKRX:039490 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kiwoom Securities Co Ltd is a Korea based company engaged in capital market and financial investment business. It provides online comprehensive securities services and deals with investment and trading. It offers services including equity brokerage, financial research, asset management, investment banking, project financing and financial consulting services.
72GF Score
Get the complete analysis for XKRX:039490
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKRX:039490 has been successfully added to your 
