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MeiwaTSE:8103 -1.10%75 ROA % is 4.46% as of Mar. 2026, which is 39% above its 10-year median of 3.20. GuruFocus rates TSE:8103 with a GF Score™ of 75/100 and a GF Value™ of 円755.49 (Modestly Overvalued). Among 158 Industrial Distribution companies, Meiwa ranks better than 53.8% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Meiwa's annualizedNet Income for the quarter that ended in Mar. 2026 was 円3,724 Mil.
Meiwa's average Total Assets over the quarter that ended in Mar. 2026 was 円83,425 Mil. Therefore, Meiwa's annualized ROA % for the quarter that ended in Mar. 2026 was 4.46%.
The historical rank and industry rank for Meiwa's ROA % or its related term are showing as below:
TSE:8103'
s ROA % Range Over the Past 10 Years
Min: 1.77 Med: 3.2 Max: 4.24
Current: 4.19
During the past 13 years, Meiwa's highest ROA % was 4.24%. The lowest was 1.77%. And the median was 3.20%.
TSE:8103's ROA % is ranked better than 53.8% of 158
companies
in the Industrial Distribution industry
Industry Median: 3.74
vs TSE:8103: 4.19
Meiwa (TSE:8103) 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 (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.
Meiwa ROA % Related Terms
Meiwa ROA % Historical Data
* Premium members only.
The historical data trend for Meiwa'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 Industrial Distribution subindustry, Meiwa'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.
Meiwa ROA % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Meiwa's ROA % distribution charts can be found below:
* The bar in red indicates where Meiwa'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Meiwa (TSE:8103) has a ROA % of 4.46% 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 Meiwa and its competitors. This is 39% above median its historical median of 3.20. Over the past decade, Meiwa's ROA % has ranged from 1.77 to 4.24. According to the industry distribution chart, Meiwa ranks #73 out of 158 companies in the Industrial Distribution industry, placing it in the top 46.2%.
Is Meiwa's ROA % too high?
Meiwa's current ROA % of 4.46% is 39% above median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 4.24. The Industrial Distribution industry median ROA % is 3.74. Meiwa's value of 4.46% is 19.3% above this industry median. Based on the distribution chart, Meiwa ranks #73 out of 158 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Meiwa has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiwa's ROA % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Meiwa ranks #73 out of 158 companies for ROA %. This puts Meiwa in the upper half of its industry. The industry median ROA % is 3.74. Meiwa's value of 4.46% is 19.3% above this benchmark. Historically, Meiwa's own ROA % has ranged from 1.77 to 4.24 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 3.74, Meiwa 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 an Industrial Distribution company?
The median ROA % among Industrial Distribution companies is 3.74, based on 158 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. Meiwa's current ROA % of 4.46% is 19.3% 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 Meiwa and its competitors. For the Industrial Distribution industry, the median ROA % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiwa's current ROA % is 4.46%, which is 39% above median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiwa stock overvalued right now?
Based on GuruFocus' analysis, Meiwa (TSE:8103) is currently considered Modestly Overvalued. The stock's GF Value™ is 円755.49, compared to a current price of 円900.00 — trading 19.1% above its estimated fair value. The current ROA % is 4.46%, which is 39% above median its 10-year median of 3.20 and 19.3% above the Industrial Distribution industry median of 3.74. Meiwa's overall GF Score™ is 75/100. 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 Meiwa (TSE:8103), the current ROA % is 4.46% 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 Meiwa (TSE:8103) Overvalued in 2026?
Based on GuruFocus' analysis, Meiwa stock appears to be overvalued.
The current stock price of 円900.00 is trading 19.1% above its estimated GF Value™ of 円755.49.
GuruFocus considers Meiwa to be Modestly Overvalued.
Key valuation signals for TSE:8103:
ROA %: 4.46% (39% above median its 10-year median of 3.20)
GF Value™: 円755.49 vs. price of 円900.00 (19.1% above fair value)
Industry Position: 19.3% above the Industrial Distribution median (#73 of 158)
No single metric tells the full story. See the TSE:8103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiwa Corp is a Japan-based company. Along with its subsidiaries, the company operates in the following reportable segments: First Business, Second Business, Third Business, Battery and Automotive Business Division, and Others. Maximum revenue for the group is generated from the Third Business segment, which offers film products, papermaking chemicals, adhesives, synthetic resin raw materials, synthetic resin products, and inorganic chemicals. The First Business is engaged in trading earths and rare metals, flame retardants, heat insulation, waterproofing, and interior materials. Second Business represents its petroleum products business, covering lubricants to base oil, and additives, and the Battery and Automotive division invests in battery materials and offers automotive parts.
75GF Score
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