Tokyo Steel Manufacturing CoTOKSF 70 ROA % is 2.87% as of Mar. 2026, which is 62% below its 10-year median of 7.63. GuruFocus rates TOKSF with a GF Score™ of 70/100 and a GF Value™ of $7.75 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 638 Steel companies, Tokyo Steel Manufacturing Co ranks better than 68.65% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tokyo Steel Manufacturing Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $54 Mil.
Tokyo Steel Manufacturing Co's average Total Assets over the quarter that ended in Mar. 2026 was $1,893 Mil. Therefore, Tokyo Steel Manufacturing Co's annualized ROA % for the quarter that ended in Mar. 2026 was 2.87%.
The historical rank and industry rank for Tokyo Steel Manufacturing Co's ROA % or its related term are showing as below:
TOKSF'
s ROA % Range Over the Past 10 Years
Min: 3.23 Med: 7.63 Max: 14.99
Current: 3.91
During the past 13 years, Tokyo Steel Manufacturing Co's highest ROA % was 14.99%. The lowest was 3.23%. And the median was 7.63%.
TOKSF's ROA % is ranked better than 68.65% of 638
companies
in the Steel industry
Industry Median: 1.93
vs TOKSF: 3.91
Tokyo Steel Manufacturing Co (OTCPK:TOKSF) 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.
Tokyo Steel Manufacturing Co ROA % Related Terms
Tokyo Steel Manufacturing Co ROA % Historical 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.
For the Steel subindustry, Tokyo Steel Manufacturing 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.
Tokyo Steel Manufacturing Co ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's ROA % distribution charts can be found below:
* The bar in red indicates where Tokyo Steel Manufacturing Co'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.
Tokyo Steel Manufacturing Co (TOKSF) has a ROA % of 2.87% 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 Tokyo Steel Manufacturing Co and its competitors. This is 62% below median its historical median of 7.63. Over the past decade, Tokyo Steel Manufacturing Co's ROA % has ranged from 3.23 to 14.99. According to the industry distribution chart, Tokyo Steel Manufacturing Co ranks #200 out of 638 companies in the Steel industry, placing it in the top 31.3%.
Is Tokyo Steel Manufacturing Co's ROA % too high?
Tokyo Steel Manufacturing Co's current ROA % of 2.87% is 62% below median its 10-year median of 7.63. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 14.99. The Steel industry median ROA % is 1.93. Tokyo Steel Manufacturing Co's value of 2.87% is 48.7% above this industry median. Based on the distribution chart, Tokyo Steel Manufacturing Co ranks #200 out of 638 companies in the Steel industry, which is above the industry midpoint. Overall, Tokyo Steel Manufacturing Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Steel Manufacturing Co's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Tokyo Steel Manufacturing Co ranks #200 out of 638 companies for ROA %. This puts Tokyo Steel Manufacturing Co in the upper half of its industry. The industry median ROA % is 1.93. Tokyo Steel Manufacturing Co's value of 2.87% is 48.7% above this benchmark. Historically, Tokyo Steel Manufacturing Co's own ROA % has ranged from 3.23 to 14.99 over the past decade. While the company's 10-year median is 7.63 vs. the industry median of 1.93, Tokyo Steel Manufacturing 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 Steel company?
The median ROA % among Steel companies is 1.93, based on 638 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. Tokyo Steel Manufacturing Co's current ROA % of 2.87% is 48.7% 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 Tokyo Steel Manufacturing Co and its competitors. For the Steel industry, the median ROA % is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Steel Manufacturing Co's current ROA % is 2.87%, which is 62% below median its own 10-year median of 7.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Steel Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co (TOKSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.75, compared to a current price of $9.11 — trading 17.5% above its estimated fair value. The current ROA % is 2.87%, which is 62% below median its 10-year median of 7.63 and 48.7% above the Steel industry median of 1.93. Tokyo Steel Manufacturing Co's overall GF Score™ is 70/100 with 10 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 Tokyo Steel Manufacturing Co (TOKSF), the current ROA % is 2.87% 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 Tokyo Steel Manufacturing Co (TOKSF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co stock appears to be overvalued.
The current stock price of $9.11 is trading 17.5% above its estimated GF Value™ of $7.75.
GuruFocus considers Tokyo Steel Manufacturing Co to be Modestly Overvalued.
Key valuation signals for TOKSF:
ROA %: 2.87% (62% below median its 10-year median of 7.63)
GF Value™: $7.75 vs. price of $9.11 (17.5% above fair value)
Industry Position: 48.7% above the Steel median (#200 of 638)
No single metric tells the full story. See the TOKSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Steel Manufacturing Co Ltd is a Japan-based company engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in a broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates the majority of its revenue from the Japanese domestic market.
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