TKGSF (Tokyo Gas Co) ROCE %: 8.97% (As of Mar. 2026)


TKGSF Tokyo Gas Co Ltd TKGSF
75 GF Score
Price $39.85
GF Value $31.96
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tokyo Gas Co ROCE %?

Tokyo Gas Co TKGSF 75 ROCE % is 8.97% as of Mar. 2026. GuruFocus rates TKGSF with a GF Score™ of 75/100 and a GF Value™ of $31.96 (Significantly Overvalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tokyo Gas Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.97%.

Tokyo Gas Co  (OTCPK:TKGSF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tokyo Gas Co ROCE % Related Terms

Tokyo Gas Co ROCE % Historical Data

* Premium members only.

The historical data trend for Tokyo Gas Co's ROCE % 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.

Tokyo Gas Co ROCE % Chart

Tokyo Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.84 14.21 8.07 4.26 9.27

Tokyo Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 6.21 17.98 5.67 7.17 8.97
TKGSF
75GF Score
Tokyo Gas Co Ltd TKGSF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Gas Co ROCE % Calculation

Tokyo Gas Co's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1941.018/( ( (25863.109 - 4093.813) + (24528.622 - 4431.643) )/ 2 )
=1941.018/( (21769.296+20096.979)/ 2 )
=1941.018/20933.1375
=9.27 %

Tokyo Gas Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1775.544/( ( (23832.236 - 4350.755) + (24528.622 - 4431.643) )/ 2 )
=1775.544/( ( 19481.481 + 20096.979 )/ 2 )
=1775.544/19789.23
=8.97 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 8.97% mean?
Tokyo Gas Co (TKGSF) has a ROCE % of 8.97% as of Mar. 2026.
Is Tokyo Gas Co's ROCE % too high?
Tokyo Gas Co's current ROCE % is 8.97%. The Utilities - Regulated industry median ROCE % is 6.95. Tokyo Gas Co's value of 8.97% is 29.1% above this industry median. Overall, Tokyo Gas Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Gas Co's ROCE % compare to ATO and NI?
Tokyo Gas Co's ROCE % of 8.97% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. Tokyo Gas Co's value of 8.97% is 29.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokyo Gas Co's current ROCE % of 8.97% is 29.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Gas Co's current ROCE % is 8.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Gas Co (TKGSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $31.96, compared to a current price of $39.85 — trading 24.7% above its estimated fair value. The current ROCE % is 8.97% and 29.1% above the Utilities - Regulated industry median of 6.95. Tokyo Gas 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Tokyo Gas Co (TKGSF), the current ROCE % is 8.97% 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 Tokyo Gas Co (TKGSF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Gas Co stock appears to be overvalued. The current stock price of $39.85 is trading 24.7% above its estimated GF Value™ of $31.96. GuruFocus considers Tokyo Gas Co to be Significantly Overvalued.

Key valuation signals for TKGSF:

  • ROCE %: 8.97%
  • GF Value™: $31.96 vs. price of $39.85 (24.7% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 29.1% above the Utilities - Regulated median

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

Tokyo Gas Co Business Description

Address 1-5-20 Kaigan, Minato-ku, Tokyo, JPN, 105-8527
Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.
75GF Score

Get the complete analysis for TKGSF

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

$39.85
Price
$31.96
GF Value