T.O. Holdings Co (SSE:9812) ROA %: -4.12% (As of Feb. 2026)

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SSE:9812 T.O. Holdings Co Ltd SSE:9812
46 GF Score
Price 円226.00
GF Value 円292.04
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is T.O. Holdings Co ROA %?

T.O. Holdings Co SSE:9812 -0.88% 46 ROA % is -4.12% as of Feb. 2026. GuruFocus rates SSE:9812 with a GF Score™ of 46/100 and a GF Value™ of 円292.04 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 410 Building Materials companies, T.O. Holdings Co ranks worse than 73.66% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. T.O. Holdings Co's annualized Net Income for the quarter that ended in Feb. 2026 was 円-690 Mil. T.O. Holdings Co's average Total Assets over the quarter that ended in Feb. 2026 was 円16,753 Mil. Therefore, T.O. Holdings Co's annualized ROA % for the quarter that ended in Feb. 2026 was -4.12%.

The historical rank and industry rank for T.O. Holdings Co's ROA % or its related term are showing as below:

SSE:9812' s ROA % Range Over the Past 10 Years
Min: -7.2   Med: -0.62   Max: 0.6
Current: -0.32

During the past 13 years, T.O. Holdings Co's highest ROA % was 0.60%. The lowest was -7.20%. And the median was -0.62%.

SSE:9812's ROA % is ranked worse than
73.66% of 410 companies
in the Building Materials industry
Industry Median: 2.255 vs SSE:9812: -0.32

T.O. Holdings Co  (SSE:9812) 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: Feb. 2026 )
=Net Income/Total Assets
=-689.96/16753.429
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-689.96 / 20473.552)*(20473.552 / 16753.429)
=Net Margin %*Asset Turnover
=-3.37 %*1.2221
=-4.12 %

Note: The Net Income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.


T.O. Holdings Co ROA % Related Terms


T.O. Holdings Co ROA % Historical Data

* Premium members only.

The historical data trend for T.O. Holdings 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.

T.O. Holdings Co ROA % Chart

T.O. Holdings Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.13 -2.59 0.60 -0.04 -0.30

T.O. Holdings Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 -0.73 0.00 -4.12 3.48

SSE:9812 vs : ROA % Comparison

For the Building Materials subindustry, T.O. Holdings 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.


T.O. Holdings Co ROA % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, T.O. Holdings Co's ROA % distribution charts can be found below:

* The bar in red indicates where T.O. Holdings Co's ROA % falls into.


SSE:9812
46GF Score
T.O. Holdings Co Ltd SSE:9812
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T.O. Holdings Co ROA % Calculation

T.O. Holdings Co's annualized ROA % for the fiscal year that ended in May. 2026 is calculated as:

ROA %=Net Income (A: May. 2026 )/( (Total Assets (A: May. 2025 )+Total Assets (A: May. 2026 ))/ count )
=-52.803/( (17002.899+17659.82)/ 2 )
=-52.803/17331.3595
=-0.30 %

T.O. Holdings Co's annualized ROA % for the quarter that ended in Feb. 2026 is calculated as:

ROA %=Net Income (Q: Feb. 2026 )/( (Total Assets (Q: Nov. 2025 )+Total Assets (Q: Feb. 2026 ))/ count )
=-689.96/( (16780.285+16726.573)/ 2 )
=-689.96/16753.429
=-4.12 %

* 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 (Feb. 2026) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of -4.12% mean?
T.O. Holdings Co (SSE:9812) has a ROA % of -4.12% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on T.O. Holdings Co and its competitors. According to the industry distribution chart, T.O. Holdings Co ranks #302 out of 410 companies in the Building Materials industry, placing it in the top 73.7%.
Is T.O. Holdings Co's ROA % too high?
T.O. Holdings Co's current ROA % is -4.12%. Based on the distribution chart, T.O. Holdings Co ranks #302 out of 410 companies in the Building Materials industry, which is below the industry midpoint. Overall, T.O. Holdings Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T.O. Holdings Co's ROA % compare to ?
According to the Building Materials industry distribution chart, T.O. Holdings Co ranks #302 out of 410 companies for ROA %. This places T.O. Holdings Co in the lower half of its industry. The industry median ROA % is 2.26. 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 Building Materials company?
The median ROA % among Building Materials companies is 2.26, based on 410 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. 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 T.O. Holdings Co and its competitors. For the Building Materials industry, the median ROA % is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T.O. Holdings Co's current ROA % is -4.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.O. Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, T.O. Holdings Co (SSE:9812) is currently considered Modestly Undervalued. The stock's GF Value™ is 円292.04, compared to a current price of 円226.00 — trading 22.6% below its estimated fair value. The current ROA % is -4.12%. T.O. Holdings Co's overall GF Score™ is 46/100 with 4 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 T.O. Holdings Co (SSE:9812), the current ROA % is -4.12% as of Feb. 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 T.O. Holdings Co (SSE:9812) Overvalued in 2026?

Based on GuruFocus' analysis, T.O. Holdings Co stock appears to be undervalued. The current stock price of 円226.00 is trading 22.6% below its estimated GF Value™ of 円292.04. GuruFocus considers T.O. Holdings Co to be Modestly Undervalued.

Key valuation signals for SSE:9812:

  • ROA %: -4.12%
  • GF Value™: 円292.04 vs. price of 円226.00 (22.6% below fair value)
  • GF Score™: 46/100 with 4 warning signs

No single metric tells the full story. See the SSE:9812 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


T.O. Holdings Co Business Description

Comparable Companies
Other Exchanges 9812:Japan
Address 3 - chome 18-15, Hokkaido Minato-cho, Hakodate, JPN, 041-8610
T.O. Holdings Co Ltd is engaged in the sale of timbers, clothing, wood materials, furniture and electrical appliances. Its segments include Lumber, Distribution, Housing, Construction, Real Estate Leasing, Automobile and Services.
46GF Score

Get the complete analysis for SSE:9812

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

円226.00
Price
円292.04
GF Value