SPAEF (Space Co) ROA %: 11.30% (As of Dec. 2025) — 87% Above Median


SPAEF Space Co Ltd SPAEF
64 GF Score
Price $9.28
GF Value $9.54
Valuation Fairly Valued
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What is Space Co ROA %?

Space Co SPAEF -0.22% 64 ROA % is 11.30% as of Dec. 2025, which is 87% above its 10-year median of 6.03. GuruFocus rates SPAEF with a GF Score™ of 64/100 and a GF Value™ of $9.54 (Fairly Valued). Among 1,782 Construction companies, Space Co ranks better than 85.24% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Space Co's annualized Net Income for the quarter that ended in Dec. 2025 was $33.4 Mil. Space Co's average Total Assets over the quarter that ended in Dec. 2025 was $295.9 Mil. Therefore, Space Co's annualized ROA % for the quarter that ended in Dec. 2025 was 11.30%.

The historical rank and industry rank for Space Co's ROA % or its related term are showing as below:

SPAEF' s ROA % Range Over the Past 10 Years
Min: 3.25   Med: 6.03   Max: 8.87
Current: 8.87

During the past 13 years, Space Co's highest ROA % was 8.87%. The lowest was 3.25%. And the median was 6.03%.

SPAEF's ROA % is ranked better than
85.24% of 1782 companies
in the Construction industry
Industry Median: 2.79 vs SPAEF: 8.87

Space Co  (OTCPK:SPAEF) 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 bank’s 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:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=33.432/295.945
=(Net Income / Revenue)*(Revenue / Total Assets)
=(33.432 / 524.62)*(524.62 / 295.945)
=Net Margin %*Asset Turnover
=6.37 %*1.7727
=11.30 %

Note: The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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.


Space Co ROA % Related Terms


Space Co ROA % Historical Data

* Premium members only.

The historical data trend for Space Co'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.

Space Co ROA % Chart

Space Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.23 3.65 4.47 6.27 8.70

Space Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.91 6.22 6.10 11.30 11.29

SPAEF vs PWR, FIX, EME: ROA % Comparison

For the Engineering & Construction subindustry, Space Co'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.


Space Co ROA % vs Construction Industry

For the Construction industry and Industrials sector, Space Co's ROA % distribution charts can be found below:

* The bar in red indicates where Space Co's ROA % falls into.


SPAEF
64GF Score
Space Co Ltd SPAEF
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
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Space Co ROA % Calculation

Space Co's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=24.183/( (266.355+289.474)/ 2 )
=24.183/277.9145
=8.70 %

Space Co's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=33.432/( (302.416+289.474)/ 2 )
=33.432/295.945
=11.30 %

* 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 (Dec. 2025) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 11.30% mean?
Space Co (SPAEF) has a ROA % of 11.30% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Space Co and its competitors. This is 87% above median its historical median of 6.03. Over the past decade, Space Co's ROA % has ranged from 3.25 to 8.87. According to the industry distribution chart, Space Co ranks #263 out of 1782 companies in the Construction industry, placing it in the top 14.8%.
Is Space Co's ROA % too high?
Space Co's current ROA % of 11.30% is 87% above median its 10-year median of 6.03. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 8.87. The Construction industry median ROA % is 2.79. Space Co's value of 11.30% is 305% above this industry median. Based on the distribution chart, Space Co ranks #263 out of 1782 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Space Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's ROA % compare to PWR and FIX?
According to the Construction industry distribution chart, Space Co ranks #263 out of 1782 companies for ROA %. This places Space Co in the top 15% of its industry — outperforming the majority of peers. The industry median ROA % is 2.79. Space Co's value of 11.30% is 305% above this benchmark. Historically, Space Co's own ROA % has ranged from 3.25 to 8.87 over the past decade. While the company's 10-year median is 6.03 vs. the industry median of 2.79, Space 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 ROA % for a Construction company?
The median ROA % among Construction companies is 2.79, based on 1,782 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. Space Co's current ROA % of 11.30% is 305% 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 Space Co and its competitors. For the Construction industry, the median ROA % is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Co's current ROA % is 11.30%, which is 87% above median its own 10-year median of 6.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (SPAEF) is currently considered Fairly Valued. The stock's GF Value™ is $9.54, compared to a current price of $9.28 — trading 2.7% below its estimated fair value. The current ROA % is 11.30%, which is 87% above median its 10-year median of 6.03 and 305% above the Construction industry median of 2.79. Space Co's overall GF Score™ is 64/100. 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 Space Co (SPAEF), the current ROA % is 11.30% 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.

Is Space Co (SPAEF) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be undervalued. The current stock price of $9.28 is trading 2.7% below its estimated GF Value™ of $9.54. GuruFocus considers Space Co to be Fairly Valued.

Key valuation signals for SPAEF:

  • ROA %: 11.30% (87% above median its 10-year median of 6.03)
  • GF Value™: $9.54 vs. price of $9.28 (2.7% below fair value)
  • GF Score™: 64/100
  • Industry Position: 305% above the Construction median (#263 of 1782)

No single metric tells the full story. See the SPAEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Space Co Business Description

Other Exchanges 9622:Japan
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
64GF Score

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ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.28
Price
$9.54
GF Value