Macnica HoldingsTSE:3132 -1.35%89 ROA % is 5.57% as of Mar. 2026, which is 24% above its 10-year median of 4.49. GuruFocus rates TSE:3132 with a GF Score™ of 89/100 and a GF Value™ of 円2,537.08 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,502 Hardware companies, Macnica Holdings ranks better than 65.07% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Macnica Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was 円37,696 Mil.
Macnica Holdings's average Total Assets over the quarter that ended in Mar. 2026 was 円676,446 Mil. Therefore, Macnica Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 5.57%.
The historical rank and industry rank for Macnica Holdings's ROA % or its related term are showing as below:
TSE:3132'
s ROA % Range Over the Past 10 Years
Min: 2 Med: 4.49 Max: 9.32
Current: 4.55
During the past 11 years, Macnica Holdings's highest ROA % was 9.32%. The lowest was 2.00%. And the median was 4.49%.
TSE:3132's ROA % is ranked better than 65.07% of 2502
companies
in the Hardware industry
Industry Median: 2.265
vs TSE:3132: 4.55
Macnica Holdings (TSE:3132) 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.
Macnica Holdings ROA % Related Terms
Macnica Holdings ROA % Historical Data
* Premium members only.
The historical data trend for Macnica Holdings'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, Macnica Holdings'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.
Macnica Holdings ROA % vs Hardware Industry
For the Hardware industry and Technology sector, Macnica Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Macnica Holdings'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.
Macnica Holdings (TSE:3132) has a ROA % of 5.57% 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 Macnica Holdings and its competitors. This is 24% above median its historical median of 4.49. Over the past decade, Macnica Holdings' ROA % has ranged from 2.00 to 9.32. According to the industry distribution chart, Macnica Holdings ranks #874 out of 2502 companies in the Hardware industry, placing it in the top 34.9%.
Is Macnica Holdings' ROA % too high?
Macnica Holdings' current ROA % of 5.57% is 24% above median its 10-year median of 4.49. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.32. The Hardware industry median ROA % is 2.27. Macnica Holdings' value of 5.57% is 145.9% above this industry median. Based on the distribution chart, Macnica Holdings ranks #874 out of 2502 companies in the Hardware industry, which is above the industry midpoint. Overall, Macnica Holdings has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macnica Holdings' ROA % compare to SNX and ARW?
According to the Hardware industry distribution chart, Macnica Holdings ranks #874 out of 2502 companies for ROA %. This puts Macnica Holdings in the upper half of its industry. The industry median ROA % is 2.27. Macnica Holdings' value of 5.57% is 145.9% above this benchmark. Historically, Macnica Holdings' own ROA % has ranged from 2.00 to 9.32 over the past decade. While the company's 10-year median is 4.49 vs. the industry median of 2.27, Macnica Holdings 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 2.27, based on 2,502 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. Macnica Holdings's current ROA % of 5.57% is 145.9% 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 Macnica Holdings and its competitors. For the Hardware industry, the median ROA % is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macnica Holdings's current ROA % is 5.57%, which is 24% above median its own 10-year median of 4.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macnica Holdings stock overvalued right now?
Based on GuruFocus' analysis, Macnica Holdings (TSE:3132) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,537.08, compared to a current price of 円3,144.00 — trading 23.9% above its estimated fair value. The current ROA % is 5.57%, which is 24% above median its 10-year median of 4.49 and 145.9% above the Hardware industry median of 2.27. Macnica Holdings' overall GF Score™ is 89/100 with 8 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 Macnica Holdings (TSE:3132), the current ROA % is 5.57% 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 Macnica Holdings (TSE:3132) Overvalued in 2026?
Based on GuruFocus' analysis, Macnica Holdings stock appears to be overvalued.
The current stock price of 円3,144.00 is trading 23.9% above its estimated GF Value™ of 円2,537.08.
GuruFocus considers Macnica Holdings to be Modestly Overvalued.
Key valuation signals for TSE:3132:
ROA %: 5.57% (24% above median its 10-year median of 4.49)
GF Value™: 円2,537.08 vs. price of 円3,144.00 (23.9% above fair value)
Industry Position: 145.9% above the Hardware median (#874 of 2502)
No single metric tells the full story. See the TSE:3132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports, and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business, and the Network Business. The IC, Electronic Devices, and Other Business handles the sales of products such as ICs and electronic devices, and the Network Business is responsible for the sales of network-related hardware, software, and services.
89GF Score
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