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TOYOFRA:TOY -4.33%92 Return-on-Tangible-Asset is 22.47% as of Mar. 2026, which is 491% above its 10-year median of 3.80. GuruFocus rates FRA:TOY with a GF Score™ of 92/100 and a GF Value™ of €10.31 (Fairly Valued). Among 2,503 Hardware companies, TOYO ranks better than 74.23% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. TOYO's annualizedNet Income for the quarter that ended in Mar. 2026 was €50.3 Mil. TOYO's average total tangible assets for the quarter that ended in Mar. 2026 was €224.0 Mil. Therefore, TOYO's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.47%.
The historical rank and industry rank for TOYO's Return-on-Tangible-Asset or its related term are showing as below:
FRA:TOY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.54 Med: 3.8 Max: 6.7
Current: 6.45
During the past 13 years, TOYO's highest Return-on-Tangible-Asset was 6.70%. The lowest was 1.54%. And the median was 3.80%.
FRA:TOY's Return-on-Tangible-Asset is ranked better than 74.23% of 2503
companies
in the Hardware industry
Industry Median: 2.44
vs FRA:TOY: 6.45
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
TOYO Return-on-Tangible-Asset Related Terms
TOYO Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TOYO's Return-on-Tangible-Asset 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.
FRA:TOY vs COHR, KEYS, GRMN: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, TOYO's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
TOYO Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, TOYO's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TOYO's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 22.47% mean?
TOYO (FRA:TOY) has a Return-on-Tangible-Asset of 22.47% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TOYO and its competitors. This is 491% above median its historical median of 3.80. Over the past decade, TOYO's Return-on-Tangible-Asset has ranged from 1.54 to 6.70. According to the industry distribution chart, TOYO ranks #645 out of 2503 companies in the Hardware industry, placing it in the top 25.8%.
Is TOYO's Return-on-Tangible-Asset too high?
TOYO's current Return-on-Tangible-Asset of 22.47% is 491% above median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 6.70. The Hardware industry median Return-on-Tangible-Asset is 2.44. TOYO's value of 22.47% is 820.9% above this industry median. Based on the distribution chart, TOYO ranks #645 out of 2503 companies in the Hardware industry, which is above the industry midpoint. Overall, TOYO has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOYO's Return-on-Tangible-Asset compare to COHR and KEYS?
According to the Hardware industry distribution chart, TOYO ranks #645 out of 2503 companies for Return-on-Tangible-Asset. This puts TOYO in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.44. TOYO's value of 22.47% is 820.9% above this benchmark. Historically, TOYO's own Return-on-Tangible-Asset has ranged from 1.54 to 6.70 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 2.44, TOYO 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 Return-on-Tangible-Asset for a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,503 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOYO's current Return-on-Tangible-Asset of 22.47% is 820.9% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TOYO and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOYO's current Return-on-Tangible-Asset is 22.47%, which is 491% above median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOYO stock overvalued right now?
Based on GuruFocus' analysis, TOYO (FRA:TOY) is currently considered Fairly Valued. The stock's GF Value™ is €10.31, compared to a current price of €9.95 — trading 3.5% below its estimated fair value. The current Return-on-Tangible-Asset is 22.47%, which is 491% above median its 10-year median of 3.80 and 820.9% above the Hardware industry median of 2.44. TOYO's overall GF Score™ is 92/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For TOYO (FRA:TOY), the current Return-on-Tangible-Asset is 22.47% 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 TOYO (FRA:TOY) Overvalued in 2026?
Based on GuruFocus' analysis, TOYO stock appears to be undervalued.
The current stock price of €9.95 is trading 3.5% below its estimated GF Value™ of €10.31.
GuruFocus considers TOYO to be Fairly Valued.
Key valuation signals for FRA:TOY:
Return-on-Tangible-Asset: 22.47% (491% above median its 10-year median of 3.80)
GF Value™: €10.31 vs. price of €9.95 (3.5% below fair value)
Industry Position: 820.9% above the Hardware median (#645 of 2503)
No single metric tells the full story. See the FRA:TOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOYO Corporation is a Japanese company engaged in businesses related to the sale, maintenance, and services of products in the fields of Telecommunications/Information Security, Machine Control/Noise and Vibration, Physical Properties/Energy, EMC/Large Antennas, Marine/Special Equipment, Software Development Support, and Life Sciences both domestically and overseas.
92GF Score
Get the complete analysis for FRA:TOY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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