Toyota TsushoTYHOF +2.01%77 Return-on-Tangible-Asset is 4.16% as of Mar. 2026, which is 15% above its 10-year median of 3.61. GuruFocus rates TYHOF with a GF Score™ of 77/100 and a GF Value™ of $21.91 (Significantly Overvalued). Among 565 Conglomerates companies, Toyota Tsusho ranks better than 69.03% 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. Toyota Tsusho's annualizedNet Income for the quarter that ended in Mar. 2026 was $2,106 Mil. Toyota Tsusho's average total tangible assets for the quarter that ended in Mar. 2026 was $50,587 Mil. Therefore, Toyota Tsusho's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.16%.
The historical rank and industry rank for Toyota Tsusho's Return-on-Tangible-Asset or its related term are showing as below:
TYHOF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.75 Med: 3.61 Max: 5.34
Current: 5.03
During the past 13 years, Toyota Tsusho's highest Return-on-Tangible-Asset was 5.34%. The lowest was 2.75%. And the median was 3.61%.
TYHOF's Return-on-Tangible-Asset is ranked better than 69.03% of 565
companies
in the Conglomerates industry
Industry Median: 2.69
vs TYHOF: 5.03
Toyota Tsusho (OTCPK:TYHOF) 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.
Toyota Tsusho Return-on-Tangible-Asset Related Terms
Toyota Tsusho Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Toyota Tsusho'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.
TYHOF vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Toyota Tsusho'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.
Toyota Tsusho Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Toyota Tsusho's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Toyota Tsusho'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 4.16% mean?
Toyota Tsusho (TYHOF) has a Return-on-Tangible-Asset of 4.16% 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 Toyota Tsusho and its competitors. This is 15% above median its historical median of 3.61. Over the past decade, Toyota Tsusho's Return-on-Tangible-Asset has ranged from 2.75 to 5.34. According to the industry distribution chart, Toyota Tsusho ranks #175 out of 565 companies in the Conglomerates industry, placing it in the top 31%.
Is Toyota Tsusho's Return-on-Tangible-Asset too high?
Toyota Tsusho's current Return-on-Tangible-Asset of 4.16% is 15% above median its 10-year median of 3.61. Over the past 10 years, this metric has ranged from a low of 2.75 to a high of 5.34. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. Toyota Tsusho's value of 4.16% is 54.6% above this industry median. Based on the distribution chart, Toyota Tsusho ranks #175 out of 565 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Toyota Tsusho has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Tsusho's Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toyota Tsusho ranks #175 out of 565 companies for Return-on-Tangible-Asset. This puts Toyota Tsusho in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Toyota Tsusho's value of 4.16% is 54.6% above this benchmark. Historically, Toyota Tsusho's own Return-on-Tangible-Asset has ranged from 2.75 to 5.34 over the past decade. While the company's 10-year median is 3.61 vs. the industry median of 2.69, Toyota Tsusho 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 565 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. Toyota Tsusho's current Return-on-Tangible-Asset of 4.16% is 54.6% 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 Toyota Tsusho and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Tsusho's current Return-on-Tangible-Asset is 4.16%, which is 15% above median its own 10-year median of 3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Tsusho stock overvalued right now?
Based on GuruFocus' analysis, Toyota Tsusho (TYHOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.91, compared to a current price of $38.56 — trading 76% above its estimated fair value. The current Return-on-Tangible-Asset is 4.16%, which is 15% above median its 10-year median of 3.61 and 54.6% above the Conglomerates industry median of 2.69. Toyota Tsusho's overall GF Score™ is 77/100. 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 Toyota Tsusho (TYHOF), the current Return-on-Tangible-Asset is 4.16% 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 Toyota Tsusho (TYHOF) Overvalued in 2026?
Based on GuruFocus' analysis, Toyota Tsusho stock appears to be overvalued.
The current stock price of $38.56 is trading 76% above its estimated GF Value™ of $21.91.
GuruFocus considers Toyota Tsusho to be Significantly Overvalued.
Key valuation signals for TYHOF:
Return-on-Tangible-Asset: 4.16% (15% above median its 10-year median of 3.61)
GF Value™: $21.91 vs. price of $38.56 (76% above fair value)
Industry Position: 54.6% above the Conglomerates median (#175 of 565)
No single metric tells the full story. See the TYHOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyota Tsusho Corp is a Japan-based company involved in trading diverse products, along with the manufacturing, processing, sales, investment, and related service activities. The company operates through segments including Africa, Circular Economy, Digital Solutions, Green Infrastructure, Lifestyle, Metal Plus, Mobility, Supply Chain, and Others. It generates the majority of its revenue from the Metal Plus segment, which processes, manufactures, treats, and sells steel products and nonferrous metal ingots, among others.
77GF Score
Get the complete analysis for TYHOF
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
TYHOF has been successfully added to your 
