TOYOFRA:TOY +1.94%93 Return-on-Tangible-Equity is 35.15% as of Mar. 2026, which is 629% above its 10-year median of 4.82. GuruFocus rates FRA:TOY with a GF Score™ of 93/100 and a GF Value™ of €10.38 (Fairly Valued). Among 2,377 Hardware companies, TOYO ranks better than 65.76% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. TOYO's annualized net income for the quarter that ended in Mar. 2026 was €50.3 Mil. TOYO's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €143.2 Mil. Therefore, TOYO's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 35.15%.
The historical rank and industry rank for TOYO's Return-on-Tangible-Equity or its related term are showing as below:
FRA:TOY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.79 Med: 4.82 Max: 9.81
Current: 9.81
During the past 13 years, TOYO's highest Return-on-Tangible-Equity was 9.81%. The lowest was 1.79%. And the median was 4.82%.
FRA:TOY's Return-on-Tangible-Equity is ranked better than 65.76% of 2377
companies
in the Hardware industry
Industry Median: 5.27
vs FRA:TOY: 9.81
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
TOYO Return-on-Tangible-Equity Related Terms
TOYO Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TOYO's Return-on-Tangible-Equity 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-Equity Comparison
For the Scientific & Technical Instruments subindustry, TOYO's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Hardware Industry
For the Hardware industry and Technology sector, TOYO's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TOYO's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 35.15% mean?
TOYO (FRA:TOY) has a Return-on-Tangible-Equity of 35.15% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TOYO and its competitors. This is 629% above median its historical median of 4.82. Over the past decade, TOYO's Return-on-Tangible-Equity has ranged from 1.79 to 9.81. According to the industry distribution chart, TOYO ranks #814 out of 2377 companies in the Hardware industry, placing it in the top 34.2%.
Is TOYO's Return-on-Tangible-Equity too high?
TOYO's current Return-on-Tangible-Equity of 35.15% is 629% above median its 10-year median of 4.82. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 9.81. The Hardware industry median Return-on-Tangible-Equity is 5.27. TOYO's value of 35.15% is 567% above this industry median. Based on the distribution chart, TOYO ranks #814 out of 2377 companies in the Hardware industry, which is above the industry midpoint. Overall, TOYO has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOYO's Return-on-Tangible-Equity compare to COHR and KEYS?
According to the Hardware industry distribution chart, TOYO ranks #814 out of 2377 companies for Return-on-Tangible-Equity. This puts TOYO in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.27. TOYO's value of 35.15% is 567% above this benchmark. Historically, TOYO's own Return-on-Tangible-Equity has ranged from 1.79 to 9.81 over the past decade. While the company's 10-year median is 4.82 vs. the industry median of 5.27, 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-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.27, based on 2,377 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOYO's current Return-on-Tangible-Equity of 35.15% is 567% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TOYO and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOYO's current Return-on-Tangible-Equity is 35.15%, which is 629% above median its own 10-year median of 4.82. 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 €10.38, compared to a current price of €10.50 — trading 1.2% above its estimated fair value. The current Return-on-Tangible-Equity is 35.15%, which is 629% above median its 10-year median of 4.82 and 567% above the Hardware industry median of 5.27. TOYO's overall GF Score™ is 93/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For TOYO (FRA:TOY), the current Return-on-Tangible-Equity is 35.15% 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 overvalued.
The current stock price of €10.50 is trading 1.2% above its estimated GF Value™ of €10.38.
GuruFocus considers TOYO to be Fairly Valued.
Key valuation signals for FRA:TOY:
Return-on-Tangible-Equity: 35.15% (629% above median its 10-year median of 4.82)
GF Value™: €10.38 vs. price of €10.50 (1.2% above fair value)
Industry Position: 567% above the Hardware median (#814 of 2377)
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.
93GF Score
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