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Tokai Carbon CoTKCBY 57 Return-on-Tangible-Asset is 2.48% as of Dec. 2025, which is 49% below its 10-year median of 4.85. GuruFocus rates TKCBY with a GF Score™ of 57/100 and a GF Value™ of $25.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,612 Chemicals companies, Tokai Carbon Co ranks better than 51.61% 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. Tokai Carbon Co's annualizedNet Income for the quarter that ended in Dec. 2025 was $96 Mil. Tokai Carbon Co's average total tangible assets for the quarter that ended in Dec. 2025 was $3,859 Mil. Therefore, Tokai Carbon Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.48%.
The historical rank and industry rank for Tokai Carbon Co's Return-on-Tangible-Asset or its related term are showing as below:
TKCBY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.28 Med: 4.85 Max: 33.63
Current: 3.24
During the past 13 years, Tokai Carbon Co's highest Return-on-Tangible-Asset was 33.63%. The lowest was -10.28%. And the median was 4.85%.
TKCBY's Return-on-Tangible-Asset is ranked better than 51.61% of 1612
companies
in the Chemicals industry
Industry Median: 3.075
vs TKCBY: 3.24
Tokai Carbon Co (OTCPK:TKCBY) Return-on-Tangible-Asset Explanation
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.
Tokai Carbon Co Return-on-Tangible-Asset Related Terms
Tokai Carbon Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tokai Carbon Co'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.
TKCBY vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Tokai Carbon Co'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.
Tokai Carbon Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tokai Carbon Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tokai Carbon Co'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.48% mean?
Tokai Carbon Co (TKCBY) has a Return-on-Tangible-Asset of 2.48% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tokai Carbon Co and its competitors. This is 49% below median its historical median of 4.85. According to the industry distribution chart, Tokai Carbon Co ranks #780 out of 1612 companies in the Chemicals industry, placing it in the top 48.4%.
Is Tokai Carbon Co's Return-on-Tangible-Asset too high?
Tokai Carbon Co's current Return-on-Tangible-Asset of 2.48% is 49% below median its 10-year median of 4.85. The Chemicals industry median Return-on-Tangible-Asset is 3.08. Tokai Carbon Co's value of 2.48% is 19.3% below this industry median. Based on the distribution chart, Tokai Carbon Co ranks #780 out of 1612 companies in the Chemicals industry, which is above the industry midpoint. Overall, Tokai Carbon Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Carbon Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tokai Carbon Co ranks #780 out of 1612 companies for Return-on-Tangible-Asset. This puts Tokai Carbon Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.08. Tokai Carbon Co's value of 2.48% is 19.3% below this benchmark. While the company's 10-year median is 4.85 vs. the industry median of 3.08, Tokai Carbon Co has consistently been below 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, based on 1,612 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. Tokai Carbon Co's current Return-on-Tangible-Asset of 2.48% is 19.3% below 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 Tokai Carbon Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Carbon Co's current Return-on-Tangible-Asset is 2.48%, which is 49% below median its own 10-year median of 4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Carbon Co stock overvalued right now?
Based on GuruFocus' analysis, Tokai Carbon Co (TKCBY) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.85, compared to a current price of $47.28 — trading 82.9% above its estimated fair value. The current Return-on-Tangible-Asset is 2.48%, which is 49% below median its 10-year median of 4.85 and 19.3% below the Chemicals industry median of 3.08. Tokai Carbon Co's overall GF Score™ is 57/100 with 5 warning signs to review. 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 Tokai Carbon Co (TKCBY), the current Return-on-Tangible-Asset is 2.48% as of Dec. 2025. 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 Tokai Carbon Co (TKCBY) Overvalued in 2026?
Based on GuruFocus' analysis, Tokai Carbon Co stock appears to be overvalued.
The current stock price of $47.28 is trading 82.9% above its estimated GF Value™ of $25.85.
GuruFocus considers Tokai Carbon Co to be Significantly Overvalued.
Key valuation signals for TKCBY:
Return-on-Tangible-Asset: 2.48% (49% below median its 10-year median of 4.85)
GF Value™: $25.85 vs. price of $47.28 (82.9% above fair value)
Industry Position: 19.3% below the Chemicals median (#780 of 1612)
No single metric tells the full story. See the TKCBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokai Carbon Co Ltd is a Japan-based manufacturer of carbon products which include, Carbon black, graphite electrodes, fine carbon friction material and manufactures industrial furnaces, and related products. It operates through three reportable segments, Carbon Black business, Carbon and Ceramics business, and Industrial Furnaces and Related Products business. Carbon black is mainly used as a reinforcing agent of industrial rubber products, typically auto tires. Carbon and Ceramics business segment produces artificial graphite electrodes for electric arc furnaces, fine carbon, carbon brush, impervious graphite, pencil lead-cores. Industrial Furnaces and Related Products segment include Industrial electric furnaces, gas furnaces, silicon carbide heating elements refractory, amongst others.
57GF Score
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