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NagaseTSE:8012 -1.22%81 ROA % is 3.76% as of Mar. 2026, which is 20% above its 10-year median of 3.13. GuruFocus rates TSE:8012 with a GF Score™ of 81/100 and a GF Value™ of 円829.91 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,611 Chemicals companies, Nagase ranks better than 59.34% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nagase's annualizedNet Income for the quarter that ended in Mar. 2026 was 円32,572 Mil.
Nagase's average Total Assets over the quarter that ended in Mar. 2026 was 円865,994 Mil. Therefore, Nagase's annualized ROA % for the quarter that ended in Mar. 2026 was 3.76%.
The historical rank and industry rank for Nagase's ROA % or its related term are showing as below:
TSE:8012'
s ROA % Range Over the Past 10 Years
Min: 1.98 Med: 3.13 Max: 3.98
Current: 3.98
During the past 13 years, Nagase's highest ROA % was 3.98%. The lowest was 1.98%. And the median was 3.13%.
TSE:8012's ROA % is ranked better than 59.34% of 1611
companies
in the Chemicals industry
Industry Median: 2.92
vs TSE:8012: 3.98
Nagase (TSE:8012) 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.
Nagase ROA % Related Terms
Nagase ROA % Historical Data
* Premium members only.
The historical data trend for Nagase'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 Specialty Chemicals subindustry, Nagase'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.
Nagase ROA % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nagase's ROA % distribution charts can be found below:
* The bar in red indicates where Nagase'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.
Nagase (TSE:8012) has a ROA % of 3.76% 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 Nagase and its competitors. This is 20% above median its historical median of 3.13. Over the past decade, Nagase's ROA % has ranged from 1.98 to 3.98. According to the industry distribution chart, Nagase ranks #655 out of 1611 companies in the Chemicals industry, placing it in the top 40.7%.
Is Nagase's ROA % too high?
Nagase's current ROA % of 3.76% is 20% above median its 10-year median of 3.13. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 3.98. The Chemicals industry median ROA % is 2.92. Nagase's value of 3.76% is 28.8% above this industry median. Based on the distribution chart, Nagase ranks #655 out of 1611 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nagase has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nagase's ROA % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nagase ranks #655 out of 1611 companies for ROA %. This puts Nagase in the upper half of its industry. The industry median ROA % is 2.92. Nagase's value of 3.76% is 28.8% above this benchmark. Historically, Nagase's own ROA % has ranged from 1.98 to 3.98 over the past decade. While the company's 10-year median is 3.13 vs. the industry median of 2.92, Nagase 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 Chemicals company?
The median ROA % among Chemicals companies is 2.92, based on 1,611 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. Nagase's current ROA % of 3.76% is 28.8% 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 Nagase and its competitors. For the Chemicals industry, the median ROA % is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagase's current ROA % is 3.76%, which is 20% 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 Nagase stock overvalued right now?
Based on GuruFocus' analysis, Nagase (TSE:8012) is currently considered Significantly Overvalued. The stock's GF Value™ is 円829.91, compared to a current price of 円1,154.50 — trading 39.1% above its estimated fair value. The current ROA % is 3.76%, which is 20% above median its 10-year median of 3.13 and 28.8% above the Chemicals industry median of 2.92. Nagase's overall GF Score™ is 81/100 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 Nagase (TSE:8012), the current ROA % is 3.76% 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 Nagase (TSE:8012) Overvalued in 2026?
Based on GuruFocus' analysis, Nagase stock appears to be overvalued.
The current stock price of 円1,154.50 is trading 39.1% above its estimated GF Value™ of 円829.91.
GuruFocus considers Nagase to be Significantly Overvalued.
Key valuation signals for TSE:8012:
ROA %: 3.76% (20% above median its 10-year median of 3.13)
GF Value™: 円829.91 vs. price of 円1,154.50 (39.1% above fair value)
Industry Position: 28.8% above the Chemicals median (#655 of 1611)
No single metric tells the full story. See the TSE:8012 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nagase & Co Ltd is a Japan-based trading company focused on chemicals and related products. The company operates through five segments. The Electronics and Energy segment covers semiconductors, components, AR/VR, renewable energy, and displays. The Functional Material segment handles paints, inks, resins, chemicals, films, and sanitary materials. The Life Related segment offers pharmaceuticals, agrochemicals, food ingredients, cosmetics, reagents, and medical devices. The Mobility segment provides materials and products for batteries, electrification, in-vehicle electronics, and autonomous driving. The Processing Material segment deals with plastics, resins, molding machines, and molds, while Others includes information processing and functional services.
81GF Score
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