Keihan Holdings CoTSE:9045 +0.64%75 ROA % is 2.95% as of Sep. 2025, which is 4% below its 10-year median of 3.06. GuruFocus rates TSE:9045 with a GF Score™ of 75/100 and a GF Value™ of 円3,900.45 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 565 Conglomerates companies, Keihan Holdings Co ranks better than 59.47% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Keihan Holdings Co's annualizedNet Income for the quarter that ended in Sep. 2025 was 円25,792 Mil.
Keihan Holdings Co's average Total Assets over the quarter that ended in Sep. 2025 was 円873,954 Mil. Therefore, Keihan Holdings Co's annualized ROA % for the quarter that ended in Sep. 2025 was 2.95%.
The historical rank and industry rank for Keihan Holdings Co's ROA % or its related term are showing as below:
TSE:9045'
s ROA % Range Over the Past 10 Years
Min: -0.61 Med: 3.06 Max: 3.36
Current: 3.32
During the past 13 years, Keihan Holdings Co's highest ROA % was 3.36%. The lowest was -0.61%. And the median was 3.06%.
TSE:9045's ROA % is ranked better than 59.47% of 565
companies
in the Conglomerates industry
Industry Median: 2.47
vs TSE:9045: 3.32
Keihan Holdings Co (TSE:9045) 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 (Sep. 2025) net income data. The Revenue data used here is four times the quarterly (Sep. 2025) 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.
Keihan Holdings Co ROA % Related Terms
Keihan Holdings Co ROA % Historical Data
* Premium members only.
The historical data trend for Keihan Holdings 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 Conglomerates subindustry, Keihan Holdings 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.
Keihan Holdings Co ROA % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Keihan Holdings Co's ROA % distribution charts can be found below:
* The bar in red indicates where Keihan Holdings 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 (Sep. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Keihan Holdings Co (TSE:9045) has a ROA % of 2.95% as of Sep. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Keihan Holdings Co and its competitors. This is near median its historical median of 3.06. According to the industry distribution chart, Keihan Holdings Co ranks #229 out of 565 companies in the Conglomerates industry, placing it in the top 40.5%.
Is Keihan Holdings Co's ROA % too high?
Keihan Holdings Co's current ROA % of 2.95% is near median its 10-year median of 3.06. The Conglomerates industry median ROA % is 2.47. Keihan Holdings Co's value of 2.95% is 19.4% above this industry median. Based on the distribution chart, Keihan Holdings Co ranks #229 out of 565 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Keihan Holdings Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keihan Holdings Co's ROA % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Keihan Holdings Co ranks #229 out of 565 companies for ROA %. This puts Keihan Holdings Co in the upper half of its industry. The industry median ROA % is 2.47. Keihan Holdings Co's value of 2.95% is 19.4% above this benchmark. While the company's 10-year median is 3.06 vs. the industry median of 2.47, Keihan Holdings 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 Conglomerates company?
The median ROA % among Conglomerates companies is 2.47, based on 565 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. Keihan Holdings Co's current ROA % of 2.95% is 19.4% 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 Keihan Holdings Co and its competitors. For the Conglomerates industry, the median ROA % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keihan Holdings Co's current ROA % is 2.95%, which is near median its own 10-year median of 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keihan Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Keihan Holdings Co (TSE:9045) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,900.45, compared to a current price of 円3,147.00 — trading 19.3% below its estimated fair value. The current ROA % is 2.95%, which is near median its 10-year median of 3.06 and 19.4% above the Conglomerates industry median of 2.47. Keihan Holdings Co's overall GF Score™ is 75/100 with 3 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 Keihan Holdings Co (TSE:9045), the current ROA % is 2.95% as of Sep. 2025. 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 Keihan Holdings Co (TSE:9045) Overvalued in 2026?
Based on GuruFocus' analysis, Keihan Holdings Co stock appears to be undervalued.
The current stock price of 円3,147.00 is trading 19.3% below its estimated GF Value™ of 円3,900.45.
GuruFocus considers Keihan Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:9045:
ROA %: 2.95% (near median its 10-year median of 3.06)
GF Value™: 円3,900.45 vs. price of 円3,147.00 (19.3% below fair value)
Industry Position: 19.4% above the Conglomerates median (#229 of 565)
No single metric tells the full story. See the TSE:9045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keihan Holdings Co Ltd is a Japanese conglomerate engaged in transportation, real estate, distribution, leisure, and other related businesses. The company operates through four segments. The Distribution segment manages department stores, shops, and malls. The Leisure and Service Industry segment covers hotels and sightseeing boats. The Real Estate segment handles sales, leasing, building materials, and design, and the Transportation segment operates railways and buses. Other Businesses include the operation of GOOD NATURE STATION, a commercial complex focused on sustainable experiences. It generates the majority of its revenue from the Real estate business segment.
75GF Score
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