TOTO (TOTDF) ROCE %: 11.21% (As of Mar. 2026)

What is TOTO ROCE %?

TOTO TOTDF -3.95% 68 ROCE % is 11.21% as of Mar. 2026. GuruFocus rates TOTDF with a GF Score™ of 68/100 and a GF Value™ of $26.78 (Significantly Overvalued). The stock has 7 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. TOTO's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.21%.

TOTO (OTCPK:TOTDF) 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.

TOTO ROCE % Related Terms

TOTO ROCE % Historical Data

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The historical data trend for TOTO'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.

TOTO ROCE % Chart

TOTO Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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13.03

12.00

9.64

4.30

9.82

TOTO 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															-19.56	6.31	4.15	19.85	11.21

68GF Score

TOTO Ltd TOTDF

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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TOTO ROCE % Calculation

TOTO'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 )
	=	374.313	/	( ( (5460.466 - 1548.274)	+	(5214.702 - 1502.319) )	/ 2 )
	=	374.313	/	( (3912.192	+	3712.383)	/ 2 )
	=	374.313	/	3812.2875
	=	9.82 %

TOTO'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 )
	=	411.792	/	( ( (5029.933 - 1397.249)	+	(5214.702 - 1502.319) )	/ 2 )
	=	411.792	/	( ( 3632.684	+	3712.383 )	/ 2 )
	=	411.792	/	3672.5335
	=	11.21 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 11.21% mean?

TOTO (TOTDF) has a ROCE % of 11.21% as of Mar. 2026.

Is TOTO's ROCE % too high?

TOTO's current ROCE % is 11.21%. The Construction industry median ROCE % is 8.25. TOTO's value of 11.21% is 35.9% above this industry median. Overall, TOTO has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TOTO's ROCE % compare to TT and JCI?

TOTO's ROCE % of 11.21% can be compared against companies in the Construction industry. The industry median ROCE % is 8.25. TOTO's value of 11.21% is 35.9% 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 a Construction company?

The median ROCE % among Construction companies is 8.25, based on 1,754 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. TOTO's current ROCE % of 11.21% is 35.9% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median ROCE % is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOTO's current ROCE % is 11.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TOTO stock overvalued right now?

Based on GuruFocus' analysis, TOTO (TOTDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.78, compared to a current price of $56.28 — trading 110.2% above its estimated fair value. The current ROCE % is 11.21% and 35.9% above the Construction industry median of 8.25. TOTO's overall GF Score™ is 68/100 with 7 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 TOTO (TOTDF), the current ROCE % is 11.21% 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 TOTO (TOTDF) Overvalued in 2026?

Based on GuruFocus' analysis, TOTO stock appears to be overvalued. The current stock price of $56.28 is trading 110.2% above its estimated GF Value™ of $26.78. GuruFocus considers TOTO to be Significantly Overvalued.

Key valuation signals for TOTDF:

ROCE %: 11.21%
GF Value™: $26.78 vs. price of $56.28 (110.2% above fair value)
GF Score™: 68/100 with 7 warning signs
Industry Position: 35.9% above the Construction median

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

TOTO Business Description

Industry Industrials Construction

Comparable Companies TSE:5929 TSE:1969 TSE:5938 TSE:1979 TSE:1952 TSE:6745 TSE:5930 TSE:4216 TSE:5273 TSE:5943 TT JCI CARR XPAR:SGO TSE:6367 MAIR XSWX:GEBN LII DUB:KRX MAS

Other Exchanges TOTDY:USA 5332:Japan

Address 2-1-1 Nakajima, Kokurakita Ward, Fukuoka Prefecture, Kitakyushu, JPN, 802-8601

Website https://jp.toto.com

TOTO Ltd manufactures and sells bathroom materials for maintenance, improvement, construction, and home improvement projects. The company's product portfolio includes toilets, urinals, sinks, plumbing accessories, bathtubs, unit bathrooms, faucets, drain fittings, marble counters, and electric water heaters, and others.. The firm organizes itself based on geography and operates through six business segments, which include the Japan Housing Equipment Business segment, the Mainland China Business segment, the Asia and Oceania Business segment, the Americas Business segment, the Europe Business segment, and the New field business - Ceramic business.. It generates the majority of its revenue from the Japan Housing Equipment Business segment.

68GF Score

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

$56.28

Price

$26.78

GF Value

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