Toyota Tsusho (STU:9TO) ROA %: 4.01% (As of Mar. 2026) — 15% Above Median


STU:9TO Toyota Tsusho Corp STU:9TO
80 GF Score
Price €31.94
GF Value €18.43
Valuation Significantly Overvalued
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What is Toyota Tsusho ROA %?

Toyota Tsusho STU:9TO +1.27% 80 ROA % is 4.01% as of Mar. 2026, which is 15% above its 10-year median of 3.49. GuruFocus rates STU:9TO with a GF Score™ of 80/100 and a GF Value™ of €18.43 (Significantly Overvalued). Among 565 Conglomerates companies, Toyota Tsusho ranks better than 70.97% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Toyota Tsusho's annualized Net Income for the quarter that ended in Mar. 2026 was €1,822 Mil. Toyota Tsusho's average Total Assets over the quarter that ended in Mar. 2026 was €45,428 Mil. Therefore, Toyota Tsusho's annualized ROA % for the quarter that ended in Mar. 2026 was 4.01%.

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

STU:9TO' s ROA % Range Over the Past 10 Years
Min: 2.61   Med: 3.49   Max: 5.14
Current: 4.82

During the past 13 years, Toyota Tsusho's highest ROA % was 5.14%. The lowest was 2.61%. And the median was 3.49%.

STU:9TO's ROA % is ranked better than
70.97% of 565 companies
in the Conglomerates industry
Industry Median: 2.46 vs STU:9TO: 4.82

Toyota Tsusho  (STU:9TO) 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: Mar. 2026 )
=Net Income/Total Assets
=1821.68/45427.9555
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1821.68 / 69345.676)*(69345.676 / 45427.9555)
=Net Margin %*Asset Turnover
=2.63 %*1.5265
=4.01 %

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 Tsusho ROA % Related Terms


Toyota Tsusho ROA % Historical Data

* Premium members only.

The historical data trend for Toyota Tsusho'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.

Toyota Tsusho ROA % Chart

Toyota Tsusho Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.89 4.34 4.63 5.16 4.48

Toyota Tsusho 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 4.73 5.48 4.71 4.94 4.01

STU:9TO vs HON, MMM: ROA % Comparison

For the Conglomerates subindustry, Toyota Tsusho'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 Tsusho ROA % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Toyota Tsusho's ROA % distribution charts can be found below:

* The bar in red indicates where Toyota Tsusho's ROA % falls into.


STU:9TO
80GF Score
Toyota Tsusho Corp STU:9TO
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyota Tsusho ROA % Calculation

Toyota Tsusho's annualized ROA % for the fiscal year that ended in Mar. 2026 is calculated as:

ROA %=Net Income (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=2019.731/( (43796.172+46463.615)/ 2 )
=2019.731/45129.8935
=4.48 %

Toyota Tsusho's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=1821.68/( (44392.296+46463.615)/ 2 )
=1821.68/45427.9555
=4.01 %

* 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.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 4.01% mean?
Toyota Tsusho (STU:9TO) has a ROA % of 4.01% 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 Tsusho and its competitors. This is 15% above median its historical median of 3.49. Over the past decade, Toyota Tsusho's ROA % has ranged from 2.61 to 5.14. According to the industry distribution chart, Toyota Tsusho ranks #164 out of 565 companies in the Conglomerates industry, placing it in the top 29%.
Is Toyota Tsusho's ROA % too high?
Toyota Tsusho's current ROA % of 4.01% is 15% above median its 10-year median of 3.49. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 5.14. The Conglomerates industry median ROA % is 2.46. Toyota Tsusho's value of 4.01% is 63% above this industry median. Based on the distribution chart, Toyota Tsusho ranks #164 out of 565 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Toyota Tsusho has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Tsusho's ROA % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toyota Tsusho ranks #164 out of 565 companies for ROA %. This puts Toyota Tsusho in the upper half of its industry. The industry median ROA % is 2.46. Toyota Tsusho's value of 4.01% is 63% above this benchmark. Historically, Toyota Tsusho's own ROA % has ranged from 2.61 to 5.14 over the past decade. While the company's 10-year median is 3.49 vs. the industry median of 2.46, 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 ROA % for a Conglomerates company?
The median ROA % among Conglomerates companies is 2.46, based on 565 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 Tsusho's current ROA % of 4.01% is 63% 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 Tsusho and its competitors. For the Conglomerates industry, the median ROA % is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Tsusho's current ROA % is 4.01%, which is 15% above median its own 10-year median of 3.49. 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 (STU:9TO) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.43, compared to a current price of €31.94 — trading 73.3% above its estimated fair value. The current ROA % is 4.01%, which is 15% above median its 10-year median of 3.49 and 63% above the Conglomerates industry median of 2.46. Toyota Tsusho's overall GF Score™ is 80/100. 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 Toyota Tsusho (STU:9TO), the current ROA % is 4.01% 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 (STU:9TO) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Tsusho stock appears to be overvalued. The current stock price of €31.94 is trading 73.3% above its estimated GF Value™ of €18.43. GuruFocus considers Toyota Tsusho to be Significantly Overvalued.

Key valuation signals for STU:9TO:

  • ROA %: 4.01% (15% above median its 10-year median of 3.49)
  • GF Value™: €18.43 vs. price of €31.94 (73.3% above fair value)
  • GF Score™: 80/100
  • Industry Position: 63% above the Conglomerates median (#164 of 565)

No single metric tells the full story. See the STU:9TO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyota Tsusho Business Description

Address 9-8 Meieki 4-chome, Century Toyota Building, Nakamura-ku, Nagoya, JPN, 450-8575
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.
80GF Score

Get the complete analysis for STU:9TO

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

€31.94
Price
€18.43
GF Value