Tosho Co (TSE:8920) ROCE %: 9.86% (As of Mar. 2026)


TSE:8920 Tosho Co Ltd TSE:8920
89 GF Score
Price 円739.00
GF Value 円648.79
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Tosho Co ROCE %?

Tosho Co TSE:8920 +0.41% 89 ROCE % is 9.86% as of Mar. 2026. GuruFocus rates TSE:8920 with a GF Score™ of 89/100 and a GF Value™ of 円648.79 (Modestly Overvalued). The stock has 2 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. Tosho Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.86%.

Tosho Co  (TSE:8920) 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.

Tosho Co ROCE % Related Terms

Tosho Co ROCE % Historical Data

* Premium members only.

The historical data trend for Tosho 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.

Tosho Co ROCE % Chart

Tosho 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 6.87 4.22 1.78 6.97 12.61

Tosho 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 -4.78 13.28 12.88 15.68 9.86
TSE:8920
89GF Score
Tosho Co Ltd TSE:8920
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tosho Co ROCE % Calculation

Tosho 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 )
=7708.109/( ( (72177.844 - 14453.444) + (71977.469 - 7421.293) )/ 2 )
=7708.109/( (57724.4+64556.176)/ 2 )
=7708.109/61140.288
=12.61 %

Tosho 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 )
=6142.728/( ( (72413.392 - 12364.877) + (71977.469 - 7421.293) )/ 2 )
=6142.728/( ( 60048.515 + 64556.176 )/ 2 )
=6142.728/62302.3455
=9.86 %

(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 9.86% mean?
Tosho Co (TSE:8920) has a ROCE % of 9.86% as of Mar. 2026.
Is Tosho Co's ROCE % too high?
Tosho Co's current ROCE % is 9.86%. The Conglomerates industry median ROCE % is 6.90. Tosho Co's value of 9.86% is 43% above this industry median. Overall, Tosho Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tosho Co's ROCE % compare to HON and MMM?
Tosho Co's ROCE % of 9.86% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.90. Tosho Co's value of 9.86% is 43% 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 Conglomerates company?
The median ROCE % among Conglomerates companies is 6.90, based on 556 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. Tosho Co's current ROCE % of 9.86% is 43% 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 Conglomerates industry, the median ROCE % is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosho Co's current ROCE % is 9.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosho Co stock overvalued right now?
Based on GuruFocus' analysis, Tosho Co (TSE:8920) is currently considered Modestly Overvalued. The stock's GF Value™ is 円648.79, compared to a current price of 円739.00 — trading 13.9% above its estimated fair value. The current ROCE % is 9.86% and 43% above the Conglomerates industry median of 6.90. Tosho Co's overall GF Score™ is 89/100 with 2 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 Tosho Co (TSE:8920), the current ROCE % is 9.86% 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 Tosho Co (TSE:8920) Overvalued in 2026?

Based on GuruFocus' analysis, Tosho Co stock appears to be overvalued. The current stock price of 円739.00 is trading 13.9% above its estimated GF Value™ of 円648.79. GuruFocus considers Tosho Co to be Modestly Overvalued.

Key valuation signals for TSE:8920:

  • ROCE %: 9.86%
  • GF Value™: 円648.79 vs. price of 円739.00 (13.9% above fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 43% above the Conglomerates median

No single metric tells the full story. See the TSE:8920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tosho Co Business Description

Address 1-16-5, Mikawaanjocho, Anjo-Shi, Aichi, JPN, 446-0056
Tosho Co Ltd is mainly engaged in the operation of sports clubs in Japan. It mainly operates membership sports clubs under the name Holiday Sports Club and golf practice ranges under the name Holiday Golf Garden. The company's business segment includes Sports club business; Hotel business and Real estate business. It generates maximum revenue from the Sports club business segment.
89GF Score

Get the complete analysis for TSE:8920

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

円739.00
Price
円648.79
GF Value