Hiroshima Electric Railway Co (TSE:9033) ROA %: 2.29% (As of Mar. 2026) — 173% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9033 Hiroshima Electric Railway Co Ltd TSE:9033
63 GF Score
Price 円624.00
GF Value 円780.07
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Hiroshima Electric Railway Co ROA %?

Hiroshima Electric Railway Co TSE:9033 +0.16% 63 ROA % is 2.29% as of Mar. 2026, which is 173% above its 10-year median of 0.84. GuruFocus rates TSE:9033 with a GF Score™ of 63/100 and a GF Value™ of 円780.07 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,009 Transportation companies, Hiroshima Electric Railway Co ranks worse than 72.05% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hiroshima Electric Railway Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円2,364 Mil. Hiroshima Electric Railway Co's average Total Assets over the quarter that ended in Mar. 2026 was 円103,217 Mil. Therefore, Hiroshima Electric Railway Co's annualized ROA % for the quarter that ended in Mar. 2026 was 2.29%.

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

TSE:9033' s ROA % Range Over the Past 10 Years
Min: -3.62   Med: 0.84   Max: 1.46
Current: 1.12

During the past 13 years, Hiroshima Electric Railway Co's highest ROA % was 1.46%. The lowest was -3.62%. And the median was 0.84%.

TSE:9033's ROA % is ranked worse than
72.05% of 1009 companies
in the Transportation industry
Industry Median: 3.49 vs TSE:9033: 1.12

Hiroshima Electric Railway Co  (TSE:9033) 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
=2364/103217
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2364 / 43170)*(43170 / 103217)
=Net Margin %*Asset Turnover
=5.48 %*0.4182
=2.29 %

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.


Hiroshima Electric Railway Co ROA % Related Terms


Hiroshima Electric Railway Co ROA % Historical Data

* Premium members only.

The historical data trend for Hiroshima Electric Railway 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.

Hiroshima Electric Railway Co ROA % Chart

Hiroshima Electric Railway 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 -1.14 1.01 0.68 1.36 1.09

Hiroshima Electric Railway 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 0.90 -0.69 3.45 -0.05 2.29

TSE:9033 vs UNP, CSX, NSC: ROA % Comparison

For the Railroads subindustry, Hiroshima Electric Railway 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.


Hiroshima Electric Railway Co ROA % vs Transportation Industry

For the Transportation industry and Industrials sector, Hiroshima Electric Railway Co's ROA % distribution charts can be found below:

* The bar in red indicates where Hiroshima Electric Railway Co's ROA % falls into.


TSE:9033
63GF Score
Hiroshima Electric Railway Co Ltd TSE:9033
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiroshima Electric Railway Co ROA % Calculation

Hiroshima Electric Railway 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 )
=1158/( (104082+108722)/ 2 )
=1158/106402
=1.09 %

Hiroshima Electric Railway 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 )
=2364/( (97712+108722)/ 2 )
=2364/103217
=2.29 %

* 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 2.29% mean?
Hiroshima Electric Railway Co (TSE:9033) has a ROA % of 2.29% 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 Hiroshima Electric Railway Co and its competitors. This is 173% above median its historical median of 0.84. According to the industry distribution chart, Hiroshima Electric Railway Co ranks #727 out of 1009 companies in the Transportation industry, placing it in the top 72.1%.
Is Hiroshima Electric Railway Co's ROA % too high?
Hiroshima Electric Railway Co's current ROA % of 2.29% is 173% above median its 10-year median of 0.84. The Transportation industry median ROA % is 3.49. Hiroshima Electric Railway Co's value of 2.29% is 34.4% below this industry median. Based on the distribution chart, Hiroshima Electric Railway Co ranks #727 out of 1009 companies in the Transportation industry, which is below the industry midpoint. Overall, Hiroshima Electric Railway Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hiroshima Electric Railway Co's ROA % compare to UNP and CSX?
According to the Transportation industry distribution chart, Hiroshima Electric Railway Co ranks #727 out of 1009 companies for ROA %. This places Hiroshima Electric Railway Co in the lower half of its industry. The industry median ROA % is 3.49. Hiroshima Electric Railway Co's value of 2.29% is 34.4% below this benchmark. While the company's 10-year median is 0.84 vs. the industry median of 3.49, Hiroshima Electric Railway Co has consistently been below 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 Transportation company?
The median ROA % among Transportation companies is 3.49, based on 1,009 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. Hiroshima Electric Railway Co's current ROA % of 2.29% is 34.4% below 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 Hiroshima Electric Railway Co and its competitors. For the Transportation industry, the median ROA % is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiroshima Electric Railway Co's current ROA % is 2.29%, which is 173% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroshima Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Hiroshima Electric Railway Co (TSE:9033) is currently considered Modestly Undervalued. The stock's GF Value™ is 円780.07, compared to a current price of 円624.00 — trading 20% below its estimated fair value. The current ROA % is 2.29%, which is 173% above median its 10-year median of 0.84 and 34.4% below the Transportation industry median of 3.49. Hiroshima Electric Railway Co's overall GF Score™ is 63/100 with 4 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 Hiroshima Electric Railway Co (TSE:9033), the current ROA % is 2.29% 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 Hiroshima Electric Railway Co (TSE:9033) Overvalued in 2026?

Based on GuruFocus' analysis, Hiroshima Electric Railway Co stock appears to be undervalued. The current stock price of 円624.00 is trading 20% below its estimated GF Value™ of 円780.07. GuruFocus considers Hiroshima Electric Railway Co to be Modestly Undervalued.

Key valuation signals for TSE:9033:

  • ROA %: 2.29% (173% above median its 10-year median of 0.84)
  • GF Value™: 円780.07 vs. price of 円624.00 (20% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 34.4% below the Transportation median (#727 of 1009)

No single metric tells the full story. See the TSE:9033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiroshima Electric Railway Co Business Description

Address 2-9-29 Higashi-Senda-cho, Naka-ku, Hiroshima Prefecture, Hiroshima, JPN, 730-8610
Hiroshima Electric Railway Co Ltd operates in various sectors such as Transportation which includes railway and railroad business, Bus business, ropeway, air transport agency, and hire business; Distribution business includes merchandise sales; Real estate business includes rental and sales business; Construction includes civil engineering, telecommunication construction; and Leisure business includes catering, bowling, golf and travel business.
63GF Score

Get the complete analysis for TSE:9033

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

円624.00
Price
円780.07
GF Value