ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tokyo Century's annualizedNet Income for the quarter that ended in Mar. 2026 was 円-18,432 Mil.
Tokyo Century's average Total Assets over the quarter that ended in Mar. 2026 was 円7,135,348 Mil. Therefore, Tokyo Century's annualized ROA % for the quarter that ended in Mar. 2026 was -0.26%.
The historical rank and industry rank for Tokyo Century's ROA % or its related term are showing as below:
TSE:8439'
s ROA % Range Over the Past 10 Years
Min: 0.08 Med: 1.22 Max: 1.6
Current: 1.6
During the past 13 years, Tokyo Century's highest ROA % was 1.60%. The lowest was 0.08%. And the median was 1.22%.
TSE:8439's ROA % is ranked worse than 63.32% of 1096
companies
in the Business Services industry
Industry Median: 3.455
vs TSE:8439: 1.60
Tokyo Century (TSE:8439) 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.
Tokyo Century ROA % Related Terms
Tokyo Century ROA % Historical Data
* Premium members only.
The historical data trend for Tokyo Century'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 Rental & Leasing Services subindustry, Tokyo Century'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.
Tokyo Century ROA % vs Business Services Industry
For the Business Services industry and Industrials sector, Tokyo Century's ROA % distribution charts can be found below:
* The bar in red indicates where Tokyo Century'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.
Tokyo Century (TSE:8439) has a ROA % of -0.26% 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 Tokyo Century and its competitors. Over the past decade, Tokyo Century's ROA % has ranged from 0.08 to 1.60. According to the industry distribution chart, Tokyo Century ranks #694 out of 1096 companies in the Business Services industry, placing it in the top 63.3%.
Is Tokyo Century's ROA % too high?
Tokyo Century's current ROA % is -0.26%. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.60. Based on the distribution chart, Tokyo Century ranks #694 out of 1096 companies in the Business Services industry, which is below the industry midpoint. Overall, Tokyo Century has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Century's ROA % compare to URI and SUNB?
According to the Business Services industry distribution chart, Tokyo Century ranks #694 out of 1096 companies for ROA %. This places Tokyo Century in the lower half of its industry. The industry median ROA % is 3.46. Historically, Tokyo Century's own ROA % has ranged from 0.08 to 1.60 over the past decade. 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 1,096 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. 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 Tokyo Century 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. Tokyo Century's current ROA % is -0.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Century stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Century (TSE:8439) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,696.25, compared to a current price of 円2,493.00 — trading 47% above its estimated fair value. The current ROA % is -0.26%. Tokyo Century's overall GF Score™ is 77/100 with 8 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 Tokyo Century (TSE:8439), the current ROA % is -0.26% 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 Tokyo Century (TSE:8439) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Century stock appears to be overvalued.
The current stock price of 円2,493.00 is trading 47% above its estimated GF Value™ of 円1,696.25.
GuruFocus considers Tokyo Century to be Significantly Overvalued.
Key valuation signals for TSE:8439:
ROA %: -0.26%
GF Value™: 円1,696.25 vs. price of 円2,493.00 (47% above fair value)
No single metric tells the full story. See the TSE:8439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Century Corp is engaged in leasing and financing businesses. The company operates through five reportable segments: Domestic Leasing Business, Automobility Business, Specialty Business, International Business, and Environmental Infrastructure Business. Its activities include leasing and financing for equipment and facilities, auto leasing and car sharing, loans and investments for ships, aircraft, and real estate, as well as renewable energy and related services. It generates the majority of its revenue from the Domestic leasing segment, which includes information and communication equipment, office equipment, industrial machine tools, transportation equipment, and commercial and service industries.
77GF Score
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