Toyota TsushoTYHOF 77 Return-on-Tangible-Equity is 12.14% as of Mar. 2026, which is 14% below its 10-year median of 14.17. GuruFocus rates TYHOF with a GF Score™ of 77/100 and a GF Value™ of $21.90 (Significantly Overvalued). Among 546 Conglomerates companies, Toyota Tsusho ranks better than 73.63% 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. Toyota Tsusho's annualized net income for the quarter that ended in Mar. 2026 was $2,106 Mil. Toyota Tsusho's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $17,345 Mil. Therefore, Toyota Tsusho's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.14%.
The historical rank and industry rank for Toyota Tsusho's Return-on-Tangible-Equity or its related term are showing as below:
TYHOF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.49 Med: 14.17 Max: 17.31
Current: 14.59
During the past 13 years, Toyota Tsusho's highest Return-on-Tangible-Equity was 17.31%. The lowest was 11.49%. And the median was 14.17%.
TYHOF's Return-on-Tangible-Equity is ranked better than 73.63% of 546
companies
in the Conglomerates industry
Industry Median: 7.38
vs TYHOF: 14.59
Toyota Tsusho (OTCPK:TYHOF) 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.
Toyota Tsusho Return-on-Tangible-Equity Related Terms
Toyota Tsusho Return-on-Tangible-Equity Historical Data
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The historical data trend for Toyota Tsusho'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.
TYHOF vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Toyota Tsusho'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.
Toyota Tsusho Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Toyota Tsusho's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Toyota Tsusho'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 12.14% mean?
Toyota Tsusho (TYHOF) has a Return-on-Tangible-Equity of 12.14% 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 Toyota Tsusho and its competitors. This is 14% below median its historical median of 14.17. Over the past decade, Toyota Tsusho's Return-on-Tangible-Equity has ranged from 11.49 to 17.31. According to the industry distribution chart, Toyota Tsusho ranks #144 out of 546 companies in the Conglomerates industry, placing it in the top 26.4%.
Is Toyota Tsusho's Return-on-Tangible-Equity too high?
Toyota Tsusho's current Return-on-Tangible-Equity of 12.14% is 14% below median its 10-year median of 14.17. Over the past 10 years, this metric has ranged from a low of 11.49 to a high of 17.31. The Conglomerates industry median Return-on-Tangible-Equity is 7.38. Toyota Tsusho's value of 12.14% is 64.5% above this industry median. Based on the distribution chart, Toyota Tsusho ranks #144 out of 546 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-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toyota Tsusho ranks #144 out of 546 companies for Return-on-Tangible-Equity. This puts Toyota Tsusho in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.38. Toyota Tsusho's value of 12.14% is 64.5% above this benchmark. Historically, Toyota Tsusho's own Return-on-Tangible-Equity has ranged from 11.49 to 17.31 over the past decade. While the company's 10-year median is 14.17 vs. the industry median of 7.38, 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-Equity for a Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.38, based on 546 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. Toyota Tsusho's current Return-on-Tangible-Equity of 12.14% is 64.5% 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 Toyota Tsusho and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Tsusho's current Return-on-Tangible-Equity is 12.14%, which is 14% below median its own 10-year median of 14.17. 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 $21.90, compared to a current price of $37.80 — trading 72.6% above its estimated fair value. The current Return-on-Tangible-Equity is 12.14%, which is 14% below median its 10-year median of 14.17 and 64.5% above the Conglomerates industry median of 7.38. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Toyota Tsusho (TYHOF), the current Return-on-Tangible-Equity is 12.14% 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 $37.80 is trading 72.6% above its estimated GF Value™ of $21.90.
GuruFocus considers Toyota Tsusho to be Significantly Overvalued.
Key valuation signals for TYHOF:
Return-on-Tangible-Equity: 12.14% (14% below median its 10-year median of 14.17)
GF Value™: $21.90 vs. price of $37.80 (72.6% above fair value)
Industry Position: 64.5% above the Conglomerates median (#144 of 546)
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
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