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.
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.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Keiyo Gas Co's annualizedNet Income for the quarter that ended in Dec. 2025 was 円0 Mil.
Keiyo Gas Co's average Total Assets over the quarter that ended in Dec. 2025 was 円170,565 Mil. Therefore, Keiyo Gas Co's annualized ROA % for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Keiyo Gas Co's ROA % or its related term are showing as below:
TSE:9539'
s ROA % Range Over the Past 10 Years
Min: 0.16 Med: 2.62 Max: 4.36
Current: 2.66
During the past 13 years, Keiyo Gas Co's highest ROA % was 4.36%. The lowest was 0.16%. And the median was 2.62%.
TSE:9539's ROA % is ranked worse than 56.86% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.06
vs TSE:9539: 2.66
Keiyo Gas Co (TSE:9539) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
Keiyo Gas Co ROA % Related Terms
Keiyo Gas Co ROA % Historical Data
* Premium members only.
The historical data trend for Keiyo 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, Keiyo 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.
Keiyo Gas Co ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Keiyo Gas Co's ROA % distribution charts can be found below:
* The bar in red indicates where Keiyo 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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Keiyo Gas Co (TSE:9539) has a ROA % of 0.00% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Keiyo Gas Co and its competitors. Over the past decade, Keiyo Gas Co's ROA % has ranged from 0.16 to 4.36. According to the industry distribution chart, Keiyo Gas Co ranks #290 out of 510 companies in the Utilities - Regulated industry, placing it in the top 56.9%.
Is Keiyo Gas Co's ROA % too high?
Keiyo Gas Co's current ROA % is 0.00%. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 4.36. Based on the distribution chart, Keiyo Gas Co ranks #290 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Keiyo Gas Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keiyo Gas Co's ROA % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Keiyo Gas Co ranks #290 out of 510 companies for ROA %. This places Keiyo Gas Co in the lower half of its industry. The industry median ROA % is 3.06. Historically, Keiyo Gas Co's own ROA % has ranged from 0.16 to 4.36 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 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. 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 Keiyo 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. Keiyo Gas Co's current ROA % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keiyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Keiyo Gas Co (TSE:9539) is currently considered Significantly Overvalued. The stock's GF Value™ is 円889.63, compared to a current price of 円1,476.00 — trading 65.9% above its estimated fair value. The current ROA % is 0.00%. Keiyo Gas Co's overall GF Score™ is 66/100 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 Keiyo Gas Co (TSE:9539), the current ROA % is 0.00% as of Dec. 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 Keiyo Gas Co (TSE:9539) Overvalued in 2026?
Based on GuruFocus' analysis, Keiyo Gas Co stock appears to be overvalued.
The current stock price of 円1,476.00 is trading 65.9% above its estimated GF Value™ of 円889.63.
GuruFocus considers Keiyo Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9539:
ROA %: 0.00%
GF Value™: 円889.63 vs. price of 円1,476.00 (65.9% above fair value)
No single metric tells the full story. See the TSE:9539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keiyo Gas Co Ltd is engaged in gas business. The company produces, process and sells gas byproducts. It is also engaged in production, sales, rental, installation, repair, maintenance and management of gas appliances, kitchen equipment, water supply, and drainage equipment, air conditioning equipment and housing equipment.
66GF Score
Get the complete analysis for TSE:9539
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9539 has been successfully added to your 
