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Hokkaido Gas CoTSE:9534 +0.26%74 ROA % is 11.68% as of Mar. 2026, which is 277% above its 10-year median of 3.10. GuruFocus rates TSE:9534 with a GF Score™ of 74/100 and a GF Value™ of 円568.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 510 Utilities - Regulated companies, Hokkaido Gas Co ranks better than 81.76% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hokkaido Gas Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円22,980 Mil.
Hokkaido Gas Co's average Total Assets over the quarter that ended in Mar. 2026 was 円196,707 Mil. Therefore, Hokkaido Gas Co's annualized ROA % for the quarter that ended in Mar. 2026 was 11.68%.
The historical rank and industry rank for Hokkaido Gas Co's ROA % or its related term are showing as below:
TSE:9534'
s ROA % Range Over the Past 10 Years
Min: 0.97 Med: 3.1 Max: 6.28
Current: 6.04
During the past 13 years, Hokkaido Gas Co's highest ROA % was 6.28%. The lowest was 0.97%. And the median was 3.10%.
TSE:9534's ROA % is ranked better than 81.76% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.06
vs TSE:9534: 6.04
Hokkaido Gas Co (TSE:9534) 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.
Hokkaido Gas Co ROA % Related Terms
Hokkaido Gas Co ROA % Historical Data
* Premium members only.
The historical data trend for Hokkaido Gas 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 Utilities - Regulated Gas subindustry, Hokkaido Gas 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.
Hokkaido Gas Co ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's ROA % distribution charts can be found below:
* The bar in red indicates where Hokkaido Gas 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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Hokkaido Gas Co (TSE:9534) has a ROA % of 11.68% 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 Hokkaido Gas Co and its competitors. This is 277% above median its historical median of 3.10. Over the past decade, Hokkaido Gas Co's ROA % has ranged from 0.97 to 6.28. According to the industry distribution chart, Hokkaido Gas Co ranks #93 out of 510 companies in the Utilities - Regulated industry, placing it in the top 18.2%.
Is Hokkaido Gas Co's ROA % too high?
Hokkaido Gas Co's current ROA % of 11.68% is 277% above median its 10-year median of 3.10. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 6.28. The Utilities - Regulated industry median ROA % is 3.06. Hokkaido Gas Co's value of 11.68% is 281.7% above this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #93 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's ROA % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #93 out of 510 companies for ROA %. This places Hokkaido Gas Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROA % is 3.06. Hokkaido Gas Co's value of 11.68% is 281.7% above this benchmark. Historically, Hokkaido Gas Co's own ROA % has ranged from 0.97 to 6.28 over the past decade. While the company's 10-year median is 3.10 vs. the industry median of 3.06, Hokkaido Gas 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 an Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.06, based on 510 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. Hokkaido Gas Co's current ROA % of 11.68% is 281.7% 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current ROA % is 11.68%, which is 277% above median its own 10-year median of 3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.93, compared to a current price of 円776.00 — trading 36.4% above its estimated fair value. The current ROA % is 11.68%, which is 277% above median its 10-year median of 3.10 and 281.7% above the Utilities - Regulated industry median of 3.06. Hokkaido Gas Co's overall GF Score™ is 74/100 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 Hokkaido Gas Co (TSE:9534), the current ROA % is 11.68% 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued.
The current stock price of 円776.00 is trading 36.4% above its estimated GF Value™ of 円568.93.
GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9534:
ROA %: 11.68% (277% above median its 10-year median of 3.10)
GF Value™: 円568.93 vs. price of 円776.00 (36.4% above fair value)
Industry Position: 281.7% above the Utilities - Regulated median (#93 of 510)
No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score
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