Adjuvant Holdings Co (TSE:4929) ROA %: 5.00% (As of Mar. 2026) — 82% Above Median


TSE:4929 Adjuvant Holdings Co Ltd TSE:4929
66 GF Score
Price 円721.00
GF Value 円736.83
Valuation Fairly Valued
! 2 Warning Signs
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What is Adjuvant Holdings Co ROA %?

Adjuvant Holdings Co TSE:4929 +0.56% 66 ROA % is 5.00% as of Mar. 2026, which is 82% above its 10-year median of 2.75. GuruFocus rates TSE:4929 with a GF Score™ of 66/100 and a GF Value™ of 円736.83 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,988 Consumer Packaged Goods companies, Adjuvant Holdings Co ranks worse than 53.22% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Adjuvant Holdings Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円254 Mil. Adjuvant Holdings Co's average Total Assets over the quarter that ended in Mar. 2026 was 円5,084 Mil. Therefore, Adjuvant Holdings Co's annualized ROA % for the quarter that ended in Mar. 2026 was 5.00%.

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

TSE:4929' s ROA % Range Over the Past 10 Years
Min: -4.1   Med: 2.75   Max: 7.31
Current: 2.77

During the past 13 years, Adjuvant Holdings Co's highest ROA % was 7.31%. The lowest was -4.10%. And the median was 2.75%.

TSE:4929's ROA % is ranked worse than
53.22% of 1988 companies
in the Consumer Packaged Goods industry
Industry Median: 3.24 vs TSE:4929: 2.77

Adjuvant Holdings Co  (TSE:4929) 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
=254.038/5083.879
=(Net Income / Revenue)*(Revenue / Total Assets)
=(254.038 / 3915.356)*(3915.356 / 5083.879)
=Net Margin %*Asset Turnover
=6.49 %*0.7702
=5.00 %

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.


Adjuvant Holdings Co ROA % Related Terms


Adjuvant Holdings Co ROA % Historical Data

* Premium members only.

The historical data trend for Adjuvant Holdings 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.

Adjuvant Holdings Co ROA % Chart

Adjuvant Holdings 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 7.31 7.20 -1.84 0.77 2.74

Adjuvant Holdings Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.55 0.69 0.86 0.62 5.00

TSE:4929 vs PG, CL, KVUE: ROA % Comparison

For the Household & Personal Products subindustry, Adjuvant Holdings 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.


Adjuvant Holdings Co ROA % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Adjuvant Holdings Co's ROA % distribution charts can be found below:

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


TSE:4929
66GF Score
Adjuvant Holdings Co Ltd TSE:4929
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adjuvant Holdings Co ROA % Calculation

Adjuvant Holdings 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 )
=142.983/( (5292.024+5148.348)/ 2 )
=142.983/5220.186
=2.74 %

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

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=254.038/( (5019.41+5148.348)/ 2 )
=254.038/5083.879
=5.00 %

* 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.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 5.00% mean?
Adjuvant Holdings Co (TSE:4929) has a ROA % of 5.00% 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 Adjuvant Holdings Co and its competitors. This is 82% above median its historical median of 2.75. According to the industry distribution chart, Adjuvant Holdings Co ranks #1058 out of 1988 companies in the Consumer Packaged Goods industry, placing it in the top 53.2%.
Is Adjuvant Holdings Co's ROA % too high?
Adjuvant Holdings Co's current ROA % of 5.00% is 82% above median its 10-year median of 2.75. The Consumer Packaged Goods industry median ROA % is 3.24. Adjuvant Holdings Co's value of 5.00% is 54.3% above this industry median. Based on the distribution chart, Adjuvant Holdings Co ranks #1058 out of 1988 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Adjuvant Holdings Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adjuvant Holdings Co's ROA % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Adjuvant Holdings Co ranks #1058 out of 1988 companies for ROA %. This places Adjuvant Holdings Co in the lower half of its industry. The industry median ROA % is 3.24. Adjuvant Holdings Co's value of 5.00% is 54.3% above this benchmark. While the company's 10-year median is 2.75 vs. the industry median of 3.24, Adjuvant Holdings 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 Consumer Packaged Goods company?
The median ROA % among Consumer Packaged Goods companies is 3.24, based on 1,988 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. Adjuvant Holdings Co's current ROA % of 5.00% is 54.3% 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 Adjuvant Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median ROA % is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adjuvant Holdings Co's current ROA % is 5.00%, which is 82% above median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adjuvant Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Adjuvant Holdings Co (TSE:4929) is currently considered Fairly Valued. The stock's GF Value™ is 円736.83, compared to a current price of 円721.00 — trading 2.1% below its estimated fair value. The current ROA % is 5.00%, which is 82% above median its 10-year median of 2.75 and 54.3% above the Consumer Packaged Goods industry median of 3.24. Adjuvant Holdings Co's overall GF Score™ is 66/100 with 2 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 Adjuvant Holdings Co (TSE:4929), the current ROA % is 5.00% 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 Adjuvant Holdings Co (TSE:4929) Overvalued in 2026?

Based on GuruFocus' analysis, Adjuvant Holdings Co stock appears to be undervalued. The current stock price of 円721.00 is trading 2.1% below its estimated GF Value™ of 円736.83. GuruFocus considers Adjuvant Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4929:

  • ROA %: 5.00% (82% above median its 10-year median of 2.75)
  • GF Value™: 円736.83 vs. price of 円721.00 (2.1% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 54.3% above the Consumer Packaged Goods median (#1058 of 1988)

No single metric tells the full story. See the TSE:4929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adjuvant Holdings Co Business Description

Address 5-5-5 Shimoyamatedori, Chuo-ku, Hyogo Prefecture, Kobe City, JPN, 650-0011
Adjuvant Holdings Co Ltd, formerly Adjuvant Cosme Japan Co Ltd is engaged in the research, development, production, and sale of cosmetics in Japan. It offers skin care products, including cleansing products, facial cleansers, lotions, beauty essences, masks, moisturizing creams, makeup bases, makeup, and body care products among other products.
66GF Score

Get the complete analysis for TSE:4929

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

円721.00
Price
円736.83
GF Value