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.
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.
Applied CoTSE:3020 +0.12%76 ROA % is 11.46% as of Mar. 2026, which is 55% above its 10-year median of 7.40. GuruFocus rates TSE:3020 with a GF Score™ of 76/100 and a GF Value™ of 円3,153.59 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,505 Hardware companies, Applied Co ranks better than 89.58% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Applied Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,464 Mil.
Applied Co's average Total Assets over the quarter that ended in Mar. 2026 was 円21,503 Mil. Therefore, Applied Co's annualized ROA % for the quarter that ended in Mar. 2026 was 11.46%.
The historical rank and industry rank for Applied Co's ROA % or its related term are showing as below:
TSE:3020'
s ROA % Range Over the Past 10 Years
Min: 5.09 Med: 7.4 Max: 10.77
Current: 10.77
During the past 13 years, Applied Co's highest ROA % was 10.77%. The lowest was 5.09%. And the median was 7.40%.
TSE:3020's ROA % is ranked better than 89.58% of 2505
companies
in the Hardware industry
Industry Median: 2.28
vs TSE:3020: 10.77
Applied Co (TSE:3020) 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 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.
Applied Co ROA % Related Terms
Applied Co ROA % Historical Data
* Premium members only.
The historical data trend for Applied 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.
For the Electronics & Computer Distribution subindustry, Applied 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.
Applied Co ROA % vs Hardware Industry
For the Hardware industry and Technology sector, Applied Co's ROA % distribution charts can be found below:
* The bar in red indicates where Applied 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 two times the semi-annual (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Applied Co (TSE:3020) has a ROA % of 11.46% 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 Applied Co and its competitors. This is 55% above median its historical median of 7.40. Over the past decade, Applied Co's ROA % has ranged from 5.09 to 10.77. According to the industry distribution chart, Applied Co ranks #261 out of 2505 companies in the Hardware industry, placing it in the top 10.4%.
Is Applied Co's ROA % too high?
Applied Co's current ROA % of 11.46% is 55% above median its 10-year median of 7.40. Over the past 10 years, this metric has ranged from a low of 5.09 to a high of 10.77. The Hardware industry median ROA % is 2.28. Applied Co's value of 11.46% is 402.6% above this industry median. Based on the distribution chart, Applied Co ranks #261 out of 2505 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Applied Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Co's ROA % compare to SNX and ARW?
According to the Hardware industry distribution chart, Applied Co ranks #261 out of 2505 companies for ROA %. This places Applied Co in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 2.28. Applied Co's value of 11.46% is 402.6% above this benchmark. Historically, Applied Co's own ROA % has ranged from 5.09 to 10.77 over the past decade. While the company's 10-year median is 7.40 vs. the industry median of 2.28, Applied 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 Hardware company?
The median ROA % among Hardware companies is 2.28, based on 2,505 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. Applied Co's current ROA % of 11.46% is 402.6% 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 Applied Co and its competitors. For the Hardware industry, the median ROA % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Co's current ROA % is 11.46%, which is 55% above median its own 10-year median of 7.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Co (TSE:3020) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,153.59, compared to a current price of 円4,075.00 — trading 29.2% above its estimated fair value. The current ROA % is 11.46%, which is 55% above median its 10-year median of 7.40 and 402.6% above the Hardware industry median of 2.28. Applied Co's overall GF Score™ is 76/100 with 1 warning sign 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 Applied Co (TSE:3020), the current ROA % is 11.46% 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 Applied Co (TSE:3020) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Co stock appears to be overvalued.
The current stock price of 円4,075.00 is trading 29.2% above its estimated GF Value™ of 円3,153.59.
GuruFocus considers Applied Co to be Modestly Overvalued.
Key valuation signals for TSE:3020:
ROA %: 11.46% (55% above median its 10-year median of 7.40)
GF Value™: 円3,153.59 vs. price of 円4,075.00 (29.2% above fair value)
Industry Position: 402.6% above the Hardware median (#261 of 2505)
No single metric tells the full story. See the TSE:3020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Co Ltd is engaged in contract development and maintenance of work WEB systems, digital development, content development for consumers, operation of a game shop, purchase and sale of used handsets, planning and development of technical services, and contract production of OEM products.
76GF Score
Get the complete analysis for TSE:3020
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3020 has been successfully added to your 
