Toyota MotorMEX:TMN -2.42%80 ROA % is 3.12% as of Mar. 2026, which is 19% below its 10-year median of 3.87. GuruFocus rates MEX:TMN with a GF Score™ of 80/100 and a GF Value™ of MXN3,660.92 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Toyota Motor ranks better than 57.56% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Toyota Motor's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN371,470 Mil.
Toyota Motor's average Total Assets over the quarter that ended in Mar. 2026 was MXN11,905,364 Mil. Therefore, Toyota Motor's annualized ROA % for the quarter that ended in Mar. 2026 was 3.12%.
The historical rank and industry rank for Toyota Motor's ROA % or its related term are showing as below:
MEX:TMN'
s ROA % Range Over the Past 10 Years
Min: 3.45 Med: 3.87 Max: 6.02
Current: 3.91
During the past 13 years, Toyota Motor's highest ROA % was 6.02%. The lowest was 3.45%. And the median was 3.87%.
MEX:TMN's ROA % is ranked better than 57.56% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 2.95
vs MEX:TMN: 3.91
Toyota Motor (MEX:TMN) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Toyota Motor ROA % Related Terms
Toyota Motor ROA % Historical Data
* Premium members only.
The historical data trend for Toyota Motor's ROA % 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.
For the Auto Manufacturers subindustry, Toyota Motor's ROA %, along with its competitors' market caps and ROA % 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 Motor ROA % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's ROA % distribution charts can be found below:
* The bar in red indicates where Toyota Motor's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Toyota Motor (MEX:TMN) has a ROA % of 3.12% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Toyota Motor and its competitors. This is 19% below median its historical median of 3.87. Over the past decade, Toyota Motor's ROA % has ranged from 3.45 to 6.02. According to the industry distribution chart, Toyota Motor ranks #567 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 42.4%.
Is Toyota Motor's ROA % too high?
Toyota Motor's current ROA % of 3.12% is 19% below median its 10-year median of 3.87. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 6.02. The Vehicles & Parts industry median ROA % is 2.95. Toyota Motor's value of 3.12% is 5.8% above this industry median. Based on the distribution chart, Toyota Motor ranks #567 out of 1336 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Toyota Motor has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Motor's ROA % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Toyota Motor ranks #567 out of 1336 companies for ROA %. This puts Toyota Motor in the upper half of its industry. The industry median ROA % is 2.95. Toyota Motor's value of 3.12% is 5.8% above this benchmark. Historically, Toyota Motor's own ROA % has ranged from 3.45 to 6.02 over the past decade. While the company's 10-year median is 3.87 vs. the industry median of 2.95, Toyota Motor 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 ROA % for a Vehicles & Parts company?
The median ROA % among Vehicles & Parts companies is 2.95, based on 1,336 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toyota Motor's current ROA % of 3.12% is 5.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Toyota Motor and its competitors. For the Vehicles & Parts industry, the median ROA % is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Motor's current ROA % is 3.12%, which is 19% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Motor stock overvalued right now?
Based on GuruFocus' analysis, Toyota Motor (MEX:TMN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,660.92, compared to a current price of MXN2,940.00 — trading 19.7% below its estimated fair value. The current ROA % is 3.12%, which is 19% below median its 10-year median of 3.87 and 5.8% above the Vehicles & Parts industry median of 2.95. Toyota Motor's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Toyota Motor (MEX:TMN), the current ROA % is 3.12% 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 Motor (MEX:TMN) Overvalued in 2026?
Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued.
The current stock price of MXN2,940.00 is trading 19.7% below its estimated GF Value™ of MXN3,660.92.
GuruFocus considers Toyota Motor to be Modestly Undervalued.
Key valuation signals for MEX:TMN:
ROA %: 3.12% (19% below median its 10-year median of 3.87)
GF Value™: MXN3,660.92 vs. price of MXN2,940.00 (19.7% below fair value)
Industry Position: 5.8% above the Vehicles & Parts median (#567 of 1336)
No single metric tells the full story. See the MEX:TMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
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