Shinobu Foods Products Co (TSE:2903) ROA %: 4.51% (As of Mar. 2026) — 37% 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:2903 Shinobu Foods Products Co Ltd TSE:2903
69 GF Score
Price 円1,683.00
GF Value 円1,268.11
Valuation Significantly Overvalued
View Full Analysis

What is Shinobu Foods Products Co ROA %?

Shinobu Foods Products Co TSE:2903 +0.18% 69 ROA % is 4.51% as of Mar. 2026, which is 37% above its 10-year median of 3.29. GuruFocus rates TSE:2903 with a GF Score™ of 69/100 and a GF Value™ of 円1,268.11 (Significantly Overvalued). Among 1,993 Consumer Packaged Goods companies, Shinobu Foods Products Co ranks better than 65.43% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Shinobu Foods Products Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円1,306 Mil. Shinobu Foods Products Co's average Total Assets over the quarter that ended in Mar. 2026 was 円28,935 Mil. Therefore, Shinobu Foods Products Co's annualized ROA % for the quarter that ended in Mar. 2026 was 4.51%.

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

TSE:2903' s ROA % Range Over the Past 10 Years
Min: 0.34   Med: 3.29   Max: 5.85
Current: 5.82

During the past 13 years, Shinobu Foods Products Co's highest ROA % was 5.85%. The lowest was 0.34%. And the median was 3.29%.

TSE:2903's ROA % is ranked better than
65.43% of 1993 companies
in the Consumer Packaged Goods industry
Industry Median: 3.31 vs TSE:2903: 5.82

Shinobu Foods Products Co  (TSE:2903) 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
=1306/28935
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1306 / 61478)*(61478 / 28935)
=Net Margin %*Asset Turnover
=2.12 %*2.1247
=4.51 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.


Shinobu Foods Products Co ROA % Related Terms


Shinobu Foods Products Co ROA % Historical Data

* Premium members only.

The historical data trend for Shinobu Foods Products 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.

Shinobu Foods Products Co ROA % Chart

Shinobu Foods Products Co 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 3.53 0.34 3.84 3.31 5.85

Shinobu Foods Products Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.23 6.14 0.39 7.07 4.51

TSE:2903 vs KHC, GIS: ROA % Comparison

For the Packaged Foods subindustry, Shinobu Foods Products 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.


Shinobu Foods Products Co ROA % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shinobu Foods Products Co's ROA % distribution charts can be found below:

* The bar in red indicates where Shinobu Foods Products Co's ROA % falls into.


TSE:2903
69GF Score
Shinobu Foods Products Co Ltd TSE:2903
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinobu Foods Products Co ROA % Calculation

Shinobu Foods Products Co'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 )
=1698/( (29684+28399)/ 2 )
=1698/29041.5
=5.85 %

Shinobu Foods Products Co's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=1306/( (29471+28399)/ 2 )
=1306/28935
=4.51 %

* 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 two times the semi-annual (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 4.51% mean?
Shinobu Foods Products Co (TSE:2903) has a ROA % of 4.51% 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 Shinobu Foods Products Co and its competitors. This is 37% above median its historical median of 3.29. Over the past decade, Shinobu Foods Products Co's ROA % has ranged from 0.34 to 5.85. According to the industry distribution chart, Shinobu Foods Products Co ranks #689 out of 1993 companies in the Consumer Packaged Goods industry, placing it in the top 34.6%.
Is Shinobu Foods Products Co's ROA % too high?
Shinobu Foods Products Co's current ROA % of 4.51% is 37% above median its 10-year median of 3.29. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 5.85. The Consumer Packaged Goods industry median ROA % is 3.31. Shinobu Foods Products Co's value of 4.51% is 36.3% above this industry median. Based on the distribution chart, Shinobu Foods Products Co ranks #689 out of 1993 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Shinobu Foods Products Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinobu Foods Products Co's ROA % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shinobu Foods Products Co ranks #689 out of 1993 companies for ROA %. This puts Shinobu Foods Products Co in the upper half of its industry. The industry median ROA % is 3.31. Shinobu Foods Products Co's value of 4.51% is 36.3% above this benchmark. Historically, Shinobu Foods Products Co's own ROA % has ranged from 0.34 to 5.85 over the past decade. While the company's 10-year median is 3.29 vs. the industry median of 3.31, Shinobu Foods Products 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 Consumer Packaged Goods company?
The median ROA % among Consumer Packaged Goods companies is 3.31, based on 1,993 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. Shinobu Foods Products Co's current ROA % of 4.51% is 36.3% 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 Shinobu Foods Products Co and its competitors. For the Consumer Packaged Goods industry, the median ROA % is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinobu Foods Products Co's current ROA % is 4.51%, which is 37% above median its own 10-year median of 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinobu Foods Products Co stock overvalued right now?
Based on GuruFocus' analysis, Shinobu Foods Products Co (TSE:2903) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,268.11, compared to a current price of 円1,683.00 — trading 32.7% above its estimated fair value. The current ROA % is 4.51%, which is 37% above median its 10-year median of 3.29 and 36.3% above the Consumer Packaged Goods industry median of 3.31. Shinobu Foods Products Co's overall GF Score™ is 69/100. 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 Shinobu Foods Products Co (TSE:2903), the current ROA % is 4.51% 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 Shinobu Foods Products Co (TSE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Shinobu Foods Products Co stock appears to be overvalued. The current stock price of 円1,683.00 is trading 32.7% above its estimated GF Value™ of 円1,268.11. GuruFocus considers Shinobu Foods Products Co to be Significantly Overvalued.

Key valuation signals for TSE:2903:

  • ROA %: 4.51% (37% above median its 10-year median of 3.29)
  • GF Value™: 円1,268.11 vs. price of 円1,683.00 (32.7% above fair value)
  • GF Score™: 69/100
  • Industry Position: 36.3% above the Consumer Packaged Goods median (#689 of 1993)

No single metric tells the full story. See the TSE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinobu Foods Products Co Business Description

Address 2-3-18 Takeshima, Nishiyodogawa Ward, Osaka, JPN
Shinobu Foods Products Co Ltd is a Japanese food company. It offers processed food products. The product portfolio of the company includes Onigiri Q, Mckee bar, rice ball onigiri, fluffy rice ball, cabbage dinner meal box and others.
69GF Score

Get the complete analysis for TSE:2903

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

円1,683.00
Price
円1,268.11
GF Value