Candeal Co (TSE:1446) ROA %: 11.60% (As of Mar. 2026) — 392% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1446 Candeal Co Ltd TSE:1446
71 GF Score
Price 円539.00
GF Value 円670.85
Valuation Modestly Undervalued
View Full Analysis

What is Candeal Co ROA %?

Candeal Co TSE:1446 +0.37% 71 ROA % is 11.60% as of Mar. 2026, which is 392% above its 10-year median of 2.36. GuruFocus rates TSE:1446 with a GF Score™ of 71/100 and a GF Value™ of 円670.85 (Modestly Undervalued). Among 1,783 Construction companies, Candeal Co ranks better than 59.73% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Candeal Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円738 Mil. Candeal Co's average Total Assets over the quarter that ended in Mar. 2026 was 円6,360 Mil. Therefore, Candeal Co's annualized ROA % for the quarter that ended in Mar. 2026 was 11.60%.

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

TSE:1446' s ROA % Range Over the Past 10 Years
Min: -0.92   Med: 2.36   Max: 4.08
Current: 4.08

During the past 10 years, Candeal Co's highest ROA % was 4.08%. The lowest was -0.92%. And the median was 2.36%.

TSE:1446's ROA % is ranked better than
59.73% of 1783 companies
in the Construction industry
Industry Median: 2.87 vs TSE:1446: 4.08

Candeal Co  (TSE:1446) 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
=738.056/6359.9455
=(Net Income / Revenue)*(Revenue / Total Assets)
=(738.056 / 16690.924)*(16690.924 / 6359.9455)
=Net Margin %*Asset Turnover
=4.42 %*2.6244
=11.60 %

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.


Candeal Co ROA % Related Terms


Candeal Co ROA % Historical Data

* Premium members only.

The historical data trend for Candeal 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.

Candeal Co ROA % Chart

Candeal Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.92 1.52 3.53 2.23 3.16

Candeal Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 -4.85 6.41 3.25 11.60

TSE:1446 vs PWR, FIX, EME: ROA % Comparison

For the Engineering & Construction subindustry, Candeal 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.


Candeal Co ROA % vs Construction Industry

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

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


TSE:1446
71GF Score
Candeal Co Ltd TSE:1446
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Candeal Co ROA % Calculation

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

ROA %=Net Income (A: Sep. 2025 )/( (Total Assets (A: Sep. 2024 )+Total Assets (A: Sep. 2025 ))/ count )
=196.374/( (6134.261+6282.008)/ 2 )
=196.374/6208.1345
=3.16 %

Candeal Co'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 )
=738.056/( (6055.387+6664.504)/ 2 )
=738.056/6359.9455
=11.60 %

* 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 11.60% mean?
Candeal Co (TSE:1446) has a ROA % of 11.60% 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 Candeal Co and its competitors. This is 392% above median its historical median of 2.36. According to the industry distribution chart, Candeal Co ranks #718 out of 1783 companies in the Construction industry, placing it in the top 40.3%.
Is Candeal Co's ROA % too high?
Candeal Co's current ROA % of 11.60% is 392% above median its 10-year median of 2.36. The Construction industry median ROA % is 2.87. Candeal Co's value of 11.60% is 304.2% above this industry median. Based on the distribution chart, Candeal Co ranks #718 out of 1783 companies in the Construction industry, which is above the industry midpoint. Overall, Candeal Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Candeal Co's ROA % compare to PWR and FIX?
According to the Construction industry distribution chart, Candeal Co ranks #718 out of 1783 companies for ROA %. This puts Candeal Co in the upper half of its industry. The industry median ROA % is 2.87. Candeal Co's value of 11.60% is 304.2% above this benchmark. While the company's 10-year median is 2.36 vs. the industry median of 2.87, Candeal 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 2.87, based on 1,783 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. Candeal Co's current ROA % of 11.60% is 304.2% 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 Candeal Co and its competitors. For the Construction industry, the median ROA % is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Candeal Co's current ROA % is 11.60%, which is 392% above median its own 10-year median of 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Candeal Co stock overvalued right now?
Based on GuruFocus' analysis, Candeal Co (TSE:1446) is currently considered Modestly Undervalued. The stock's GF Value™ is 円670.85, compared to a current price of 円539.00 — trading 19.7% below its estimated fair value. The current ROA % is 11.60%, which is 392% above median its 10-year median of 2.36 and 304.2% above the Construction industry median of 2.87. Candeal Co's overall GF Score™ is 71/100. 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 Candeal Co (TSE:1446), the current ROA % is 11.60% 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 Candeal Co (TSE:1446) Overvalued in 2026?

Based on GuruFocus' analysis, Candeal Co stock appears to be undervalued. The current stock price of 円539.00 is trading 19.7% below its estimated GF Value™ of 円670.85. GuruFocus considers Candeal Co to be Modestly Undervalued.

Key valuation signals for TSE:1446:

  • ROA %: 11.60% (392% above median its 10-year median of 2.36)
  • GF Value™: 円670.85 vs. price of 円539.00 (19.7% below fair value)
  • GF Score™: 71/100
  • Industry Position: 304.2% above the Construction median (#718 of 1783)

No single metric tells the full story. See the TSE:1446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Candeal Co Business Description

Address 1-11 Kitayamabushi-cho, 3rd Floor Ushigome Syokuryo Building, Shinjuku-ku, Tokyo, JPN, 162-0853
Candeal Co Ltd provides building repair service to detached houses, apartment complexes, commercial facilities, and others. The company's services include repair and inspection service, construction service, and trading and distribution.
71GF Score

Get the complete analysis for TSE:1446

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

円539.00
Price
円670.85
GF Value