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First Brothers CoTSE:3454 +0.08%65 ROA % is 8.87% as of May. 2026, which is 147% above its 10-year median of 3.59. GuruFocus rates TSE:3454 with a GF Score™ of 65/100 and a GF Value™ of 円1,541.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,633 Asset Management companies, First Brothers Co ranks better than 51.81% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. First Brothers Co's annualizedNet Income for the quarter that ended in May. 2026 was 円7,785 Mil.
First Brothers Co's average Total Assets over the quarter that ended in May. 2026 was 円87,762 Mil. Therefore, First Brothers Co's annualized ROA % for the quarter that ended in May. 2026 was 8.87%.
The historical rank and industry rank for First Brothers Co's ROA % or its related term are showing as below:
TSE:3454'
s ROA % Range Over the Past 10 Years
Min: 1.39 Med: 3.59 Max: 7.71
Current: 4.48
During the past 13 years, First Brothers Co's highest ROA % was 7.71%. The lowest was 1.39%. And the median was 3.59%.
TSE:3454's ROA % is ranked better than 51.81% of 1633
companies
in the Asset Management industry
Industry Median: 4.11
vs TSE:3454: 4.48
First Brothers Co (TSE:3454) 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 (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 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.
First Brothers Co ROA % Related Terms
First Brothers Co ROA % Historical Data
* Premium members only.
The historical data trend for First Brothers 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 Asset Management subindustry, First Brothers 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.
First Brothers Co ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Brothers Co's ROA % distribution charts can be found below:
* The bar in red indicates where First Brothers 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 (May. 2026) net income data.
ROA % is displayed in the 30-year financial page.
First Brothers Co (TSE:3454) has a ROA % of 8.87% as of May. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on First Brothers Co and its competitors. This is 147% above median its historical median of 3.59. Over the past decade, First Brothers Co's ROA % has ranged from 1.39 to 7.71. According to the industry distribution chart, First Brothers Co ranks #787 out of 1633 companies in the Asset Management industry, placing it in the top 48.2%.
Is First Brothers Co's ROA % too high?
First Brothers Co's current ROA % of 8.87% is 147% above median its 10-year median of 3.59. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 7.71. The Asset Management industry median ROA % is 4.11. First Brothers Co's value of 8.87% is 115.8% above this industry median. Based on the distribution chart, First Brothers Co ranks #787 out of 1633 companies in the Asset Management industry, which is above the industry midpoint. Overall, First Brothers Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #787 out of 1633 companies for ROA %. This puts First Brothers Co in the upper half of its industry. The industry median ROA % is 4.11. First Brothers Co's value of 8.87% is 115.8% above this benchmark. Historically, First Brothers Co's own ROA % has ranged from 1.39 to 7.71 over the past decade. While the company's 10-year median is 3.59 vs. the industry median of 4.11, First Brothers 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 an Asset Management company?
The median ROA % among Asset Management companies is 4.11, based on 1,633 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. First Brothers Co's current ROA % of 8.87% is 115.8% 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 First Brothers Co and its competitors. For the Asset Management industry, the median ROA % is 4.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current ROA % is 8.87%, which is 147% above median its own 10-year median of 3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,541.44, compared to a current price of 円1,277.00 — trading 17.2% below its estimated fair value. The current ROA % is 8.87%, which is 147% above median its 10-year median of 3.59 and 115.8% above the Asset Management industry median of 4.11. First Brothers Co's overall GF Score™ is 65/100 with 4 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 First Brothers Co (TSE:3454), the current ROA % is 8.87% as of May. 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 First Brothers Co (TSE:3454) Overvalued in 2026?
Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued.
The current stock price of 円1,277.00 is trading 17.2% below its estimated GF Value™ of 円1,541.44.
GuruFocus considers First Brothers Co to be Modestly Undervalued.
Key valuation signals for TSE:3454:
ROA %: 8.87% (147% above median its 10-year median of 3.59)
GF Value™: 円1,541.44 vs. price of 円1,277.00 (17.2% below fair value)
Industry Position: 115.8% above the Asset Management median (#787 of 1633)
No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
65GF Score
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