TOCALO CoTSE:3433 -1.65%92 ROA % is 16.37% as of Mar. 2026, which is 65% above its 10-year median of 9.94. GuruFocus rates TSE:3433 with a GF Score™ of 92/100 and a GF Value™ of 円2,212.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,096 Business Services companies, TOCALO Co ranks better than 86.31% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. TOCALO Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円14,468 Mil.
TOCALO Co's average Total Assets over the quarter that ended in Mar. 2026 was 円88,382 Mil. Therefore, TOCALO Co's annualized ROA % for the quarter that ended in Mar. 2026 was 16.37%.
The historical rank and industry rank for TOCALO Co's ROA % or its related term are showing as below:
TSE:3433'
s ROA % Range Over the Past 10 Years
Min: 7.44 Med: 9.94 Max: 11.89
Current: 11.89
During the past 13 years, TOCALO Co's highest ROA % was 11.89%. The lowest was 7.44%. And the median was 9.94%.
TSE:3433's ROA % is ranked better than 86.31% of 1096
companies
in the Business Services industry
Industry Median: 3.455
vs TSE:3433: 11.89
TOCALO Co (TSE:3433) 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.
TOCALO Co ROA % Related Terms
TOCALO Co ROA % Historical Data
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The historical data trend for TOCALO 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 Specialty Business Services subindustry, TOCALO 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.
TOCALO Co ROA % vs Business Services Industry
For the Business Services industry and Industrials sector, TOCALO Co's ROA % distribution charts can be found below:
* The bar in red indicates where TOCALO 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.
TOCALO Co (TSE:3433) has a ROA % of 16.37% 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 TOCALO Co and its competitors. This is 65% above median its historical median of 9.94. Over the past decade, TOCALO Co's ROA % has ranged from 7.44 to 11.89. According to the industry distribution chart, TOCALO Co ranks #150 out of 1096 companies in the Business Services industry, placing it in the top 13.7%.
Is TOCALO Co's ROA % too high?
TOCALO Co's current ROA % of 16.37% is 65% above median its 10-year median of 9.94. Over the past 10 years, this metric has ranged from a low of 7.44 to a high of 11.89. The Business Services industry median ROA % is 3.46. TOCALO Co's value of 16.37% is 373.8% above this industry median. Based on the distribution chart, TOCALO Co ranks #150 out of 1096 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, TOCALO Co has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOCALO Co's ROA % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TOCALO Co ranks #150 out of 1096 companies for ROA %. This places TOCALO Co in the top 14% of its industry — outperforming the majority of peers. The industry median ROA % is 3.46. TOCALO Co's value of 16.37% is 373.8% above this benchmark. Historically, TOCALO Co's own ROA % has ranged from 7.44 to 11.89 over the past decade. While the company's 10-year median is 9.94 vs. the industry median of 3.46, TOCALO 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 Business Services company?
The median ROA % among Business Services companies is 3.46, based on 1,096 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. TOCALO Co's current ROA % of 16.37% is 373.8% 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 TOCALO Co and its competitors. For the Business Services industry, the median ROA % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOCALO Co's current ROA % is 16.37%, which is 65% above median its own 10-year median of 9.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOCALO Co stock overvalued right now?
Based on GuruFocus' analysis, TOCALO Co (TSE:3433) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,212.31, compared to a current price of 円3,280.00 — trading 48.3% above its estimated fair value. The current ROA % is 16.37%, which is 65% above median its 10-year median of 9.94 and 373.8% above the Business Services industry median of 3.46. TOCALO Co's overall GF Score™ is 92/100 with 6 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 TOCALO Co (TSE:3433), the current ROA % is 16.37% 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 TOCALO Co (TSE:3433) Overvalued in 2026?
Based on GuruFocus' analysis, TOCALO Co stock appears to be overvalued.
The current stock price of 円3,280.00 is trading 48.3% above its estimated GF Value™ of 円2,212.31.
GuruFocus considers TOCALO Co to be Significantly Overvalued.
Key valuation signals for TSE:3433:
ROA %: 16.37% (65% above median its 10-year median of 9.94)
GF Value™: 円2,212.31 vs. price of 円3,280.00 (48.3% above fair value)
Industry Position: 373.8% above the Business Services median (#150 of 1096)
No single metric tells the full story. See the TSE:3433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.
92GF Score
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