Hikari Business Form CoTSE:3948 -0.79%55 ROA % is 1.59% as of Dec. 2025, which is 35% below its 10-year median of 2.43. GuruFocus rates TSE:3948 with a GF Score™ of 55/100 and a GF Value™ of 円673.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,097 Business Services companies, Hikari Business Form Co ranks worse than 65.36% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hikari Business Form Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円184 Mil.
Hikari Business Form Co's average Total Assets over the quarter that ended in Dec. 2025 was 円11,523 Mil. Therefore, Hikari Business Form Co's annualized ROA % for the quarter that ended in Dec. 2025 was 1.59%.
The historical rank and industry rank for Hikari Business Form Co's ROA % or its related term are showing as below:
TSE:3948'
s ROA % Range Over the Past 10 Years
Min: -0.53 Med: 2.43 Max: 11.22
Current: 1.33
During the past 13 years, Hikari Business Form Co's highest ROA % was 11.22%. The lowest was -0.53%. And the median was 2.43%.
TSE:3948's ROA % is ranked worse than 65.36% of 1097
companies
in the Business Services industry
Industry Median: 3.46
vs TSE:3948: 1.33
Hikari Business Form Co (TSE:3948) 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 (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
* 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, Hikari Business Form 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.
Hikari Business Form Co ROA % vs Business Services Industry
For the Business Services industry and Industrials sector, Hikari Business Form Co's ROA % distribution charts can be found below:
* The bar in red indicates where Hikari Business Form 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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Hikari Business Form Co (TSE:3948) has a ROA % of 1.59% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hikari Business Form Co and its competitors. This is 35% below median its historical median of 2.43. According to the industry distribution chart, Hikari Business Form Co ranks #717 out of 1097 companies in the Business Services industry, placing it in the top 65.4%.
Is Hikari Business Form Co's ROA % too high?
Hikari Business Form Co's current ROA % of 1.59% is 35% below median its 10-year median of 2.43. The Business Services industry median ROA % is 3.46. Hikari Business Form Co's value of 1.59% is 54% below this industry median. Based on the distribution chart, Hikari Business Form Co ranks #717 out of 1097 companies in the Business Services industry, which is below the industry midpoint. Overall, Hikari Business Form Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hikari Business Form Co's ROA % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Hikari Business Form Co ranks #717 out of 1097 companies for ROA %. This places Hikari Business Form Co in the lower half of its industry. The industry median ROA % is 3.46. Hikari Business Form Co's value of 1.59% is 54% below this benchmark. While the company's 10-year median is 2.43 vs. the industry median of 3.46, Hikari Business Form Co has consistently been below 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 1,097 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. Hikari Business Form Co's current ROA % of 1.59% is 54% below 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 Hikari Business Form 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. Hikari Business Form Co's current ROA % is 1.59%, which is 35% below median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hikari Business Form Co stock overvalued right now?
Based on GuruFocus' analysis, Hikari Business Form Co (TSE:3948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円673.57, compared to a current price of 円1,131.00 — trading 67.9% above its estimated fair value. The current ROA % is 1.59%, which is 35% below median its 10-year median of 2.43 and 54% below the Business Services industry median of 3.46. Hikari Business Form Co's overall GF Score™ is 55/100 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 Hikari Business Form Co (TSE:3948), the current ROA % is 1.59% as of Dec. 2025. 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 Hikari Business Form Co (TSE:3948) Overvalued in 2026?
Based on GuruFocus' analysis, Hikari Business Form Co stock appears to be overvalued.
The current stock price of 円1,131.00 is trading 67.9% above its estimated GF Value™ of 円673.57.
GuruFocus considers Hikari Business Form Co to be Significantly Overvalued.
Key valuation signals for TSE:3948:
ROA %: 1.59% (35% below median its 10-year median of 2.43)
GF Value™: 円673.57 vs. price of 円1,131.00 (67.9% above fair value)
Industry Position: 54% below the Business Services median (#717 of 1097)
No single metric tells the full story. See the TSE:3948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hikari Business Form Co Ltd is engaged in providing printing services. The services offered by the company are commercial printing, business process outsourcing, post process, web solution, DPP, and others.
55GF Score
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