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.
Toyo Securities CoTSE:8614 +0.30%70 Return-on-Tangible-Asset is 6.78% as of Mar. 2026, which is 505% above its 10-year median of 1.12. GuruFocus rates TSE:8614 with a GF Score™ of 70/100 and a GF Value™ of 円674.38 (Fairly Valued). The stock has 2 warning signs investors should review. Among 817 Capital Markets companies, Toyo Securities Co ranks better than 79.19% 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 Securities Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円5,008 Mil. Toyo Securities Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円73,869 Mil. Therefore, Toyo Securities Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.78%.
The historical rank and industry rank for Toyo Securities Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:8614'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.04 Med: 1.12 Max: 6.81
Current: 6.81
During the past 13 years, Toyo Securities Co's highest Return-on-Tangible-Asset was 6.81%. The lowest was -4.04%. And the median was 1.12%.
TSE:8614's Return-on-Tangible-Asset is ranked better than 79.19% of 817
companies
in the Capital Markets industry
Industry Median: 1.55
vs TSE:8614: 6.81
Toyo Securities Co (TSE:8614) 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.
Toyo Securities Co Return-on-Tangible-Asset Related Terms
Toyo Securities Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Toyo Securities 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.
TSE:8614 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Toyo Securities 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.
Toyo Securities Co Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Toyo Securities Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Toyo Securities 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.78% mean?
Toyo Securities Co (TSE:8614) has a Return-on-Tangible-Asset of 6.78% 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 Securities Co and its competitors. This is 505% above median its historical median of 1.12. According to the industry distribution chart, Toyo Securities Co ranks #170 out of 817 companies in the Capital Markets industry, placing it in the top 20.8%.
Is Toyo Securities Co's Return-on-Tangible-Asset too high?
Toyo Securities Co's current Return-on-Tangible-Asset of 6.78% is 505% above median its 10-year median of 1.12. The Capital Markets industry median Return-on-Tangible-Asset is 1.55. Toyo Securities Co's value of 6.78% is 337.4% above this industry median. Based on the distribution chart, Toyo Securities Co ranks #170 out of 817 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Toyo Securities Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyo Securities Co's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Toyo Securities Co ranks #170 out of 817 companies for Return-on-Tangible-Asset. This places Toyo Securities Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.55. Toyo Securities Co's value of 6.78% is 337.4% above this benchmark. While the company's 10-year median is 1.12 vs. the industry median of 1.55, Toyo 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 Return-on-Tangible-Asset for a Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.55, based on 817 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 Securities Co's current Return-on-Tangible-Asset of 6.78% is 337.4% 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 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 Securities Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Securities Co's current Return-on-Tangible-Asset is 6.78%, which is 505% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Securities Co (TSE:8614) is currently considered Fairly Valued. The stock's GF Value™ is 円674.38, compared to a current price of 円673.00 — trading 0.2% below its estimated fair value. The current Return-on-Tangible-Asset is 6.78%, which is 505% above median its 10-year median of 1.12 and 337.4% above the Capital Markets industry median of 1.55. Toyo Securities Co's overall GF Score™ is 70/100 with 2 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 Toyo Securities Co (TSE:8614), the current Return-on-Tangible-Asset is 6.78% 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 Securities Co (TSE:8614) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Securities Co stock appears to be undervalued.
The current stock price of 円673.00 is trading 0.2% below its estimated GF Value™ of 円674.38.
GuruFocus considers Toyo Securities Co to be Fairly Valued.
Key valuation signals for TSE:8614:
Return-on-Tangible-Asset: 6.78% (505% above median its 10-year median of 1.12)
GF Value™: 円674.38 vs. price of 円673.00 (0.2% below fair value)
Industry Position: 337.4% above the Capital Markets median (#170 of 817)
No single metric tells the full story. See the TSE:8614 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Securities Co Ltd is a Japan-based company engaged in the securities business. The company provides the variety of financial services such as dealing, brokerage, underwriting, public offering and distribution of securities. In addition, it also offers asset management, advice and consultancy services, insurance products, as well as provision of internet and phone trading services.
70GF Score
Get the complete analysis for TSE:8614
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8614 has been successfully added to your 
