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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Awa Paper & Technological Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,431 Mil.
Awa Paper & Technological Co's average Total Assets over the quarter that ended in Mar. 2026 was 円27,816 Mil. Therefore, Awa Paper & Technological Co's annualized ROA % for the quarter that ended in Mar. 2026 was 8.74%.
The historical rank and industry rank for Awa Paper & Technological Co's ROA % or its related term are showing as below:
TSE:3896'
s ROA % Range Over the Past 10 Years
Min: -6.84 Med: 0.25 Max: 2.73
Current: 2.73
During the past 13 years, Awa Paper & Technological Co's highest ROA % was 2.73%. The lowest was -6.84%. And the median was 0.25%.
TSE:3896's ROA % is ranked better than 68.06% of 288
companies
in the Forest Products industry
Industry Median: 0.975
vs TSE:3896: 2.73
Awa Paper & Technological Co (TSE:3896) 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.
Awa Paper & Technological Co ROA % Related Terms
Awa Paper & Technological Co ROA % Historical 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.
Awa Paper & Technological Co ROA % Competitor Comparison
For the Paper & Paper Products subindustry, Awa Paper & Technological 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.
Awa Paper & Technological Co ROA % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Awa Paper & Technological Co's ROA % distribution charts can be found below:
* The bar in red indicates where Awa Paper & Technological 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.
Awa Paper & Technological Co (TSE:3896) has a ROA % of 8.74% 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 Awa Paper & Technological Co and its competitors. This is 3396% above median its historical median of 0.25. According to the industry distribution chart, Awa Paper & Technological Co ranks #92 out of 288 companies in the Forest Products industry, placing it in the top 31.9%.
Is Awa Paper & Technological Co's ROA % too high?
Awa Paper & Technological Co's current ROA % of 8.74% is 3396% above median its 10-year median of 0.25. The Forest Products industry median ROA % is 0.98. Awa Paper & Technological Co's value of 8.74% is 796.4% above this industry median. Based on the distribution chart, Awa Paper & Technological Co ranks #92 out of 288 companies in the Forest Products industry, which is above the industry midpoint. Overall, Awa Paper & Technological Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Awa Paper & Technological Co's ROA % compare to competitors?
According to the Forest Products industry distribution chart, Awa Paper & Technological Co ranks #92 out of 288 companies for ROA %. This puts Awa Paper & Technological Co in the upper half of its industry. The industry median ROA % is 0.98. Awa Paper & Technological Co's value of 8.74% is 796.4% above this benchmark. While the company's 10-year median is 0.25 vs. the industry median of 0.98, Awa Paper & Technological 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 Forest Products company?
The median ROA % among Forest Products companies is 0.98, based on 288 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. Awa Paper & Technological Co's current ROA % of 8.74% is 796.4% 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 Awa Paper & Technological Co and its competitors. For the Forest Products industry, the median ROA % is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Awa Paper & Technological Co's current ROA % is 8.74%, which is 3396% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Awa Paper & Technological Co stock overvalued right now?
Based on GuruFocus' analysis, Awa Paper & Technological Co (TSE:3896) is currently considered Modestly Undervalued. The stock's GF Value™ is 円499.08, compared to a current price of 円366.00 — trading 26.7% below its estimated fair value. The current ROA % is 8.74%, which is 3396% above median its 10-year median of 0.25 and 796.4% above the Forest Products industry median of 0.98. Awa Paper & Technological Co's overall GF Score™ is 56/100 with 7 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 Awa Paper & Technological Co (TSE:3896), the current ROA % is 8.74% 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 Awa Paper & Technological Co (TSE:3896) Overvalued in 2026?
Based on GuruFocus' analysis, Awa Paper & Technological Co stock appears to be undervalued.
The current stock price of 円366.00 is trading 26.7% below its estimated GF Value™ of 円499.08.
GuruFocus considers Awa Paper & Technological Co to be Modestly Undervalued.
Key valuation signals for TSE:3896:
ROA %: 8.74% (3396% above median its 10-year median of 0.25)
GF Value™: 円499.08 vs. price of 円366.00 (26.7% below fair value)
Industry Position: 796.4% above the Forest Products median (#92 of 288)
No single metric tells the full story. See the TSE:3896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Awa Paper & Technological Co Inc is engaged in manufacturing and selling papers. The company provides air filter media, polyolefin sheets, base papers, cabin filter media, heat radiation sheets and fins, carbon fiber reinforced plastics, ceramic sheets, and cushion papers, as well as graphitic, carbon fiber, activated carbon fiber, and activated carbon.
56GF Score
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