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.
Makiya CoTSE:9890 +1.97%84 ROA % is 3.87% as of Mar. 2026, which is 6% above its 10-year median of 3.64. GuruFocus rates TSE:9890 with a GF Score™ of 84/100 and a GF Value™ of 円1,251.36 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 313 Retail - Defensive companies, Makiya Co ranks better than 50.48% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Makiya Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,563 Mil.
Makiya Co's average Total Assets over the quarter that ended in Mar. 2026 was 円40,418 Mil. Therefore, Makiya Co's annualized ROA % for the quarter that ended in Mar. 2026 was 3.87%.
The historical rank and industry rank for Makiya Co's ROA % or its related term are showing as below:
TSE:9890'
s ROA % Range Over the Past 10 Years
Min: 0.41 Med: 3.64 Max: 4.42
Current: 3.66
During the past 13 years, Makiya Co's highest ROA % was 4.42%. The lowest was 0.41%. And the median was 3.64%.
TSE:9890's ROA % is ranked better than 50.48% of 313
companies
in the Retail - Defensive industry
Industry Median: 3.55
vs TSE:9890: 3.66
Makiya Co (TSE:9890) 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 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.
Makiya Co ROA % Related Terms
Makiya Co ROA % Historical Data
* Premium members only.
The historical data trend for Makiya 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 Grocery Stores subindustry, Makiya 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.
Makiya Co ROA % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Makiya Co's ROA % distribution charts can be found below:
* The bar in red indicates where Makiya 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 two times the semi-annual (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Makiya Co (TSE:9890) has a ROA % of 3.87% 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 Makiya Co and its competitors. This is near median its historical median of 3.64. Over the past decade, Makiya Co's ROA % has ranged from 0.41 to 4.42. According to the industry distribution chart, Makiya Co ranks #155 out of 313 companies in the Retail - Defensive industry, placing it in the top 49.5%.
Is Makiya Co's ROA % too high?
Makiya Co's current ROA % of 3.87% is near median its 10-year median of 3.64. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 4.42. The Retail - Defensive industry median ROA % is 3.55. Makiya Co's value of 3.87% is 9% above this industry median. Based on the distribution chart, Makiya Co ranks #155 out of 313 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Makiya Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Makiya Co's ROA % compare to KR?
According to the Retail - Defensive industry distribution chart, Makiya Co ranks #155 out of 313 companies for ROA %. This puts Makiya Co in the upper half of its industry. The industry median ROA % is 3.55. Makiya Co's value of 3.87% is 9% above this benchmark. Historically, Makiya Co's own ROA % has ranged from 0.41 to 4.42 over the past decade. While the company's 10-year median is 3.64 vs. the industry median of 3.55, Makiya 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 Retail - Defensive company?
The median ROA % among Retail - Defensive companies is 3.55, based on 313 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. Makiya Co's current ROA % of 3.87% is 9% 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 Makiya Co and its competitors. For the Retail - Defensive industry, the median ROA % is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makiya Co's current ROA % is 3.87%, which is near median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makiya Co stock overvalued right now?
Based on GuruFocus' analysis, Makiya Co (TSE:9890) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,251.36, compared to a current price of 円1,397.00 — trading 11.6% above its estimated fair value. The current ROA % is 3.87%, which is near median its 10-year median of 3.64 and 9% above the Retail - Defensive industry median of 3.55. Makiya Co's overall GF Score™ is 84/100 with 5 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 Makiya Co (TSE:9890), the current ROA % is 3.87% 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 Makiya Co (TSE:9890) Overvalued in 2026?
Based on GuruFocus' analysis, Makiya Co stock appears to be overvalued.
The current stock price of 円1,397.00 is trading 11.6% above its estimated GF Value™ of 円1,251.36.
GuruFocus considers Makiya Co to be Modestly Overvalued.
Key valuation signals for TSE:9890:
ROA %: 3.87% (near median its 10-year median of 3.64)
GF Value™: 円1,251.36 vs. price of 円1,397.00 (11.6% above fair value)
Industry Position: 9% above the Retail - Defensive median (#155 of 313)
No single metric tells the full story. See the TSE:9890 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9890 has been successfully added to your 
