Fukuda Denshi CoTSE:6960 +1.78%79 ROA % is 12.80% as of Mar. 2026, which is 55% above its 10-year median of 8.27. GuruFocus rates TSE:6960 with a GF Score™ of 79/100 and a GF Value™ of 円7,323.71 (Significantly Overvalued). Among 857 Medical Devices & Instruments companies, Fukuda Denshi Co ranks better than 84.01% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fukuda Denshi Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円28,256 Mil.
Fukuda Denshi Co's average Total Assets over the quarter that ended in Mar. 2026 was 円220,671 Mil. Therefore, Fukuda Denshi Co's annualized ROA % for the quarter that ended in Mar. 2026 was 12.80%.
The historical rank and industry rank for Fukuda Denshi Co's ROA % or its related term are showing as below:
TSE:6960'
s ROA % Range Over the Past 10 Years
Min: 5.83 Med: 8.27 Max: 8.99
Current: 8.66
During the past 13 years, Fukuda Denshi Co's highest ROA % was 8.99%. The lowest was 5.83%. And the median was 8.27%.
TSE:6960's ROA % is ranked better than 84.01% of 857
companies
in the Medical Devices & Instruments industry
Industry Median: 0.54
vs TSE:6960: 8.66
Fukuda Denshi Co (TSE:6960) 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 (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.
Fukuda Denshi Co ROA % Related Terms
Fukuda Denshi Co ROA % Historical Data
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The historical data trend for Fukuda Denshi 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 Medical Devices subindustry, Fukuda Denshi 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.
Fukuda Denshi Co ROA % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Fukuda Denshi Co's ROA % distribution charts can be found below:
* The bar in red indicates where Fukuda Denshi 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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Fukuda Denshi Co (TSE:6960) has a ROA % of 12.80% 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 Fukuda Denshi Co and its competitors. This is 55% above median its historical median of 8.27. Over the past decade, Fukuda Denshi Co's ROA % has ranged from 5.83 to 8.99. According to the industry distribution chart, Fukuda Denshi Co ranks #137 out of 857 companies in the Medical Devices & Instruments industry, placing it in the top 16%.
Is Fukuda Denshi Co's ROA % too high?
Fukuda Denshi Co's current ROA % of 12.80% is 55% above median its 10-year median of 8.27. Over the past 10 years, this metric has ranged from a low of 5.83 to a high of 8.99. The Medical Devices & Instruments industry median ROA % is 0.54. Fukuda Denshi Co's value of 12.80% is 2270.4% above this industry median. Based on the distribution chart, Fukuda Denshi Co ranks #137 out of 857 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Fukuda Denshi Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fukuda Denshi Co's ROA % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Fukuda Denshi Co ranks #137 out of 857 companies for ROA %. This places Fukuda Denshi Co in the top 16% of its industry — outperforming the majority of peers. The industry median ROA % is 0.54. Fukuda Denshi Co's value of 12.80% is 2270.4% above this benchmark. Historically, Fukuda Denshi Co's own ROA % has ranged from 5.83 to 8.99 over the past decade. While the company's 10-year median is 8.27 vs. the industry median of 0.54, Fukuda Denshi 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 Medical Devices & Instruments company?
The median ROA % among Medical Devices & Instruments companies is 0.54, based on 857 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. Fukuda Denshi Co's current ROA % of 12.80% is 2270.4% 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 Fukuda Denshi Co and its competitors. For the Medical Devices & Instruments industry, the median ROA % is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fukuda Denshi Co's current ROA % is 12.80%, which is 55% above median its own 10-year median of 8.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuda Denshi Co stock overvalued right now?
Based on GuruFocus' analysis, Fukuda Denshi Co (TSE:6960) is currently considered Significantly Overvalued. The stock's GF Value™ is 円7,323.71, compared to a current price of 円10,860.00 — trading 48.3% above its estimated fair value. The current ROA % is 12.80%, which is 55% above median its 10-year median of 8.27 and 2270.4% above the Medical Devices & Instruments industry median of 0.54. Fukuda Denshi Co's overall GF Score™ is 79/100. 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 Fukuda Denshi Co (TSE:6960), the current ROA % is 12.80% 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 Fukuda Denshi Co (TSE:6960) Overvalued in 2026?
Based on GuruFocus' analysis, Fukuda Denshi Co stock appears to be overvalued.
The current stock price of 円10,860.00 is trading 48.3% above its estimated GF Value™ of 円7,323.71.
GuruFocus considers Fukuda Denshi Co to be Significantly Overvalued.
Key valuation signals for TSE:6960:
ROA %: 12.80% (55% above median its 10-year median of 8.27)
GF Value™: 円7,323.71 vs. price of 円10,860.00 (48.3% above fair value)
Industry Position: 2270.4% above the Medical Devices & Instruments median (#137 of 857)
No single metric tells the full story. See the TSE:6960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fukuda Denshi Co Ltd develops and manufactures medical electronic equipment. The firm operates in four segments: physiological diagnostic equipment, patient monitoring equipment, medical treatment equipment, and consumables and other products. The physiological diagnostic equipment business sells electrocardiographs, vascular screening systems, and blood cell counters. The patient monitoring equipment segment sells patient monitors and transmitters. The medical treatment equipment segment contributes the largest proportion of revenue and sells pacemakers and medical equipment for home treatment. The consumables and other products segment sells disposable electrodes and consumables used for the firm's devices. Fukuda Denshi generates the vast majority of its sales in Japan.
79GF Score
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