Tomoku Co (TSE:3946) ROA %: 3.55% (As of Mar. 2026) — 13% Above Median

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TSE:3946 Tomoku Co Ltd TSE:3946
64 GF Score
Price 円4,185.00
GF Value 円2,602.54
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tomoku Co ROA %?

Tomoku Co TSE:3946 +2.57% 64 ROA % is 3.55% as of Mar. 2026, which is 13% above its 10-year median of 3.13. GuruFocus rates TSE:3946 with a GF Score™ of 64/100 and a GF Value™ of 円2,602.54 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 401 Packaging & Containers companies, Tomoku Co ranks better than 56.61% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tomoku Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円7,848 Mil. Tomoku Co's average Total Assets over the quarter that ended in Mar. 2026 was 円220,995 Mil. Therefore, Tomoku Co's annualized ROA % for the quarter that ended in Mar. 2026 was 3.55%.

The historical rank and industry rank for Tomoku Co's ROA % or its related term are showing as below:

TSE:3946' s ROA % Range Over the Past 10 Years
Min: 2.6   Med: 3.13   Max: 3.44
Current: 3.44

During the past 13 years, Tomoku Co's highest ROA % was 3.44%. The lowest was 2.60%. And the median was 3.13%.

TSE:3946's ROA % is ranked better than
56.61% of 401 companies
in the Packaging & Containers industry
Industry Median: 2.73 vs TSE:3946: 3.44

Tomoku Co  (TSE:3946) 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 bank’s 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:

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=7848/220995
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7848 / 228660)*(228660 / 220995)
=Net Margin %*Asset Turnover
=3.43 %*1.0347
=3.55 %

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.


Tomoku Co ROA % Related Terms


Tomoku Co ROA % Historical Data

* Premium members only.

The historical data trend for Tomoku 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.

Tomoku Co ROA % Chart

Tomoku Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.23 2.72 2.60 3.10 3.42

Tomoku Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.22 1.46 3.84 4.85 3.55

TSE:3946 vs SW, PKG, IP: ROA % Comparison

For the Packaging & Containers subindustry, Tomoku 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.


Tomoku Co ROA % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tomoku Co's ROA % distribution charts can be found below:

* The bar in red indicates where Tomoku Co's ROA % falls into.


TSE:3946
64GF Score
Tomoku Co Ltd TSE:3946
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tomoku Co ROA % Calculation

Tomoku Co's annualized ROA % for the fiscal year that ended in Mar. 2026 is calculated as:

ROA %=Net Income (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=7361/( (206825+223835)/ 2 )
=7361/215330
=3.42 %

Tomoku Co's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=7848/( (218155+223835)/ 2 )
=7848/220995
=3.55 %

* 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.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 3.55% mean?
Tomoku Co (TSE:3946) has a ROA % of 3.55% 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 Tomoku Co and its competitors. This is 13% above median its historical median of 3.13. Over the past decade, Tomoku Co's ROA % has ranged from 2.60 to 3.44. According to the industry distribution chart, Tomoku Co ranks #174 out of 401 companies in the Packaging & Containers industry, placing it in the top 43.4%.
Is Tomoku Co's ROA % too high?
Tomoku Co's current ROA % of 3.55% is 13% above median its 10-year median of 3.13. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 3.44. The Packaging & Containers industry median ROA % is 2.73. Tomoku Co's value of 3.55% is 30% above this industry median. Based on the distribution chart, Tomoku Co ranks #174 out of 401 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Tomoku Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomoku Co's ROA % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Tomoku Co ranks #174 out of 401 companies for ROA %. This puts Tomoku Co in the upper half of its industry. The industry median ROA % is 2.73. Tomoku Co's value of 3.55% is 30% above this benchmark. Historically, Tomoku Co's own ROA % has ranged from 2.60 to 3.44 over the past decade. While the company's 10-year median is 3.13 vs. the industry median of 2.73, Tomoku 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 Packaging & Containers company?
The median ROA % among Packaging & Containers companies is 2.73, based on 401 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. Tomoku Co's current ROA % of 3.55% is 30% 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 Tomoku Co and its competitors. For the Packaging & Containers industry, the median ROA % is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomoku Co's current ROA % is 3.55%, which is 13% above median its own 10-year median of 3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomoku Co stock overvalued right now?
Based on GuruFocus' analysis, Tomoku Co (TSE:3946) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,602.54, compared to a current price of 円4,185.00 — trading 60.8% above its estimated fair value. The current ROA % is 3.55%, which is 13% above median its 10-year median of 3.13 and 30% above the Packaging & Containers industry median of 2.73. Tomoku Co's overall GF Score™ is 64/100 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 Tomoku Co (TSE:3946), the current ROA % is 3.55% 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 Tomoku Co (TSE:3946) Overvalued in 2026?

Based on GuruFocus' analysis, Tomoku Co stock appears to be overvalued. The current stock price of 円4,185.00 is trading 60.8% above its estimated GF Value™ of 円2,602.54. GuruFocus considers Tomoku Co to be Significantly Overvalued.

Key valuation signals for TSE:3946:

  • ROA %: 3.55% (13% above median its 10-year median of 3.13)
  • GF Value™: 円2,602.54 vs. price of 円4,185.00 (60.8% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 30% above the Packaging & Containers median (#174 of 401)

No single metric tells the full story. See the TSE:3946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tomoku Co Business Description

Address 2-2-2 Marunouchi, 4th Floor Marunouchi Mitsui Building, Chiyoda-ku, Tokyo, JPN, 100-0005
Tomoku Co Ltd engages in the manufacture and sale of corrugated paper, corrugated paper containers, and printed paper packaging materials. It also deals with the manufacture and sale of Swedish-made housing. The firm provides corrugated sheets, cardboard cases, and printing paper containers. Its Housing business handles the design, construction, and supervision of detached houses. The Transportation and Warehousing business include freight forwarding and warehousing businesses.
64GF Score

Get the complete analysis for TSE:3946

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,185.00
Price
円2,602.54
GF Value