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ToamiTSE:5973 -1.18%73 Return-on-Tangible-Equity is 2.06% as of Mar. 2026, which is 76% above its 10-year median of 1.17. GuruFocus rates TSE:5973 with a GF Score™ of 73/100 and a GF Value™ of 円596.83 (Fairly Valued). The stock has 7 warning signs investors should review. Among 616 Steel companies, Toami ranks worse than 61.36% 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. Toami's annualized net income for the quarter that ended in Mar. 2026 was 円216 Mil. Toami's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円10,455 Mil. Therefore, Toami's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.06%.
The historical rank and industry rank for Toami's Return-on-Tangible-Equity or its related term are showing as below:
TSE:5973'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.68 Med: 1.17 Max: 3.13
Current: 1.69
During the past 13 years, Toami's highest Return-on-Tangible-Equity was 3.13%. The lowest was -0.68%. And the median was 1.17%.
TSE:5973's Return-on-Tangible-Equity is ranked worse than 61.36% of 616
companies
in the Steel industry
Industry Median: 4.195
vs TSE:5973: 1.69
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.
Toami Return-on-Tangible-Equity Related Terms
Toami Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Toami'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.
TSE:5973 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Toami'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.
Toami Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Toami's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Toami'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 two times the semi-annual (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 2.06% mean?
Toami (TSE:5973) has a Return-on-Tangible-Equity of 2.06% 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 Toami and its competitors. This is 76% above median its historical median of 1.17. According to the industry distribution chart, Toami ranks #378 out of 616 companies in the Steel industry, placing it in the top 61.4%.
Is Toami's Return-on-Tangible-Equity too high?
Toami's current Return-on-Tangible-Equity of 2.06% is 76% above median its 10-year median of 1.17. The Steel industry median Return-on-Tangible-Equity is 4.20. Toami's value of 2.06% is 50.9% below this industry median. Based on the distribution chart, Toami ranks #378 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, Toami has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toami's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Toami ranks #378 out of 616 companies for Return-on-Tangible-Equity. This places Toami in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.20. Toami's value of 2.06% is 50.9% below this benchmark. While the company's 10-year median is 1.17 vs. the industry median of 4.20, Toami 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-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.20, based on 616 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. Toami's current Return-on-Tangible-Equity of 2.06% is 50.9% 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-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 Toami and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toami's current Return-on-Tangible-Equity is 2.06%, which is 76% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toami stock overvalued right now?
Based on GuruFocus' analysis, Toami (TSE:5973) is currently considered Fairly Valued. The stock's GF Value™ is 円596.83, compared to a current price of 円584.00 — trading 2.1% below its estimated fair value. The current Return-on-Tangible-Equity is 2.06%, which is 76% above median its 10-year median of 1.17 and 50.9% below the Steel industry median of 4.20. Toami's overall GF Score™ is 73/100 with 7 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 Toami (TSE:5973), the current Return-on-Tangible-Equity is 2.06% 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 Toami (TSE:5973) Overvalued in 2026?
Based on GuruFocus' analysis, Toami stock appears to be undervalued.
The current stock price of 円584.00 is trading 2.1% below its estimated GF Value™ of 円596.83.
GuruFocus considers Toami to be Fairly Valued.
Key valuation signals for TSE:5973:
Return-on-Tangible-Equity: 2.06% (76% above median its 10-year median of 1.17)
GF Value™: 円596.83 vs. price of 円584.00 (2.1% below fair value)
Industry Position: 50.9% below the Steel median (#378 of 616)
No single metric tells the full story. See the TSE:5973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toami Corp manufactures and sells welded wire mesh and special welded wire mesh for civil engineering works. It offers welded wire fabrics, welded plates, galvanized iron wires, spiral hoops, net welded wires, and plastic-coated wires, among others. The company's business segment includes Civil engineering and Construction materials business segment and the Civil engineering and construction work business segment. The company generates the majority of its revenue from the Civil engineering and construction material segment.
73GF Score
Get the complete analysis for TSE:5973
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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