Toyo CoFRA:V48 -5.26%21 Return-on-Tangible-Equity is 162.42% as of Dec. 2025, which is 321% above its 10-year median of 38.54. GuruFocus rates FRA:V48 with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 985 Semiconductors companies, Toyo Co ranks better than 94.92% 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 Co's annualized net income for the quarter that ended in Dec. 2025 was €144.8 Mil. Toyo Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €89.1 Mil. Therefore, Toyo Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 162.42%.
The historical rank and industry rank for Toyo Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:V48'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.38 Med: 38.54 Max: 69.94
Current: 50.1
During the past 4 years, Toyo Co's highest Return-on-Tangible-Equity was 69.94%. The lowest was -2.38%. And the median was 38.54%.
FRA:V48's Return-on-Tangible-Equity is ranked better than 94.92% of 985
companies
in the Semiconductors industry
Industry Median: 5.19
vs FRA:V48: 50.10
Toyo Co (FRA:V48) Return-on-Tangible-Equity Explanation
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 Co Return-on-Tangible-Equity Related Terms
Toyo Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Toyo Co'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:V48 vs TYGO, HYSR, SPWR: Return-on-Tangible-Equity Comparison
For the Solar subindustry, Toyo Co'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 Co Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Toyo Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Toyo Co'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 162.42% mean?
Toyo Co (FRA:V48) has a Return-on-Tangible-Equity of 162.42% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Toyo Co and its competitors. This is 321% above median its historical median of 38.54. According to the industry distribution chart, Toyo Co ranks #50 out of 985 companies in the Semiconductors industry, placing it in the top 5.1%.
Is Toyo Co's Return-on-Tangible-Equity too high?
Toyo Co's current Return-on-Tangible-Equity of 162.42% is 321% above median its 10-year median of 38.54. The Semiconductors industry median Return-on-Tangible-Equity is 5.19. Toyo Co's value of 162.42% is 3029.5% above this industry median. Based on the distribution chart, Toyo Co ranks #50 out of 985 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Toyo Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Toyo Co's Return-on-Tangible-Equity compare to TYGO and HYSR?
According to the Semiconductors industry distribution chart, Toyo Co ranks #50 out of 985 companies for Return-on-Tangible-Equity. This places Toyo Co in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.19. Toyo Co's value of 162.42% is 3029.5% above this benchmark. While the company's 10-year median is 38.54 vs. the industry median of 5.19, Toyo 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-Equity for a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.19, based on 985 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 Co's current Return-on-Tangible-Equity of 162.42% is 3029.5% 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 Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Co's current Return-on-Tangible-Equity is 162.42%, which is 321% above median its own 10-year median of 38.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Co stock overvalued right now?
Toyo Co (FRA:V48) has a current Return-on-Tangible-Equity of 162.42%. The current Return-on-Tangible-Equity is 162.42%, which is 321% above median its 10-year median of 38.54 and 3029.5% above the Semiconductors industry median of 5.19. Toyo Co's overall GF Score™ is 21/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Toyo Co (FRA:V48), the current Return-on-Tangible-Equity is 162.42% 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.
Toyo Co Ltd, along with its subsidiaries, is engaged in research and development, production, and sales of solar cells and solar modules and related businesses. The company operates across the solar value chain, including upstream wafer and silicon manufacturing, midstream solar cell production, and downstream photovoltaic (PV) module production. It generated revenues from sales of solar cells, solar modules and provision of facilitation services. Geographically, the company derived the majority of the revenue from the USA.
21GF Score
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