Tosho Co (TSE:8920) ROE % Adjusted to Book Value: 11.13% (As of Mar. 2026)

Tosho Co TSE:8920 -0.92% 88 ROE % Adjusted to Book Value is 11.13% as of Mar. 2026. GuruFocus rates TSE:8920 with a GF Score™ of 88/100 and a GF Value™ of 円649.00 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Tosho Co's ROE % for the quarter that ended in Mar. 2026 was 8.79%. Tosho Co's PB Ratio for the quarter that ended in Mar. 2026 was 0.79. Tosho Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 11.13%.

Tosho Co ROE % Adjusted to Book Value Related Terms

Tosho Co ROE % Adjusted to Book Value Historical Data

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The historical data trend for Tosho Co's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Tosho Co Annual Data

Trend

Mar17

Mar18

Mar19

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Mar21

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Mar23

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Mar26

ROE % Adjusted to Book Value

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3.70

1.97

-7.57

5.38

12.14

Tosho Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															-18.11	15.50	11.68	14.29	11.13

TSE:8920 vs HON, MMM: ROE % Adjusted to Book Value Comparison

For the Conglomerates subindustry, Tosho Co's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Tosho Co ROE % Adjusted to Book Value vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tosho Co's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Tosho Co's ROE % Adjusted to Book Value falls into.

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88GF Score

Tosho Co Ltd TSE:8920

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

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Tosho Co ROE % Adjusted to Book Value Calculation

Tosho Co's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	9.59%	/	0.79
	=	12.14%

Tosho Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	8.79%	/	0.79
	=	11.13%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 11.13% mean?

Tosho Co (TSE:8920) has a ROE % Adjusted to Book Value of 11.13% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Tosho Co and its competitors.

Is Tosho Co's ROE % Adjusted to Book Value too high?

Tosho Co's current ROE % Adjusted to Book Value is 11.13%. Overall, Tosho Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tosho Co's ROE % Adjusted to Book Value compare to HON and MMM?

Tosho Co's ROE % Adjusted to Book Value of 11.13% can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for a Conglomerates company?

A good ROE % Adjusted to Book Value depends on the Conglomerates industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Tosho Co and its competitors. Tosho Co's current ROE % Adjusted to Book Value is 11.13%. 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649.00, compared to a current price of 円757.00 — trading 16.6% above its estimated fair value. The current ROE % Adjusted to Book Value is 11.13%. Tosho Co's overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For Tosho Co (TSE:8920), the current ROE % Adjusted to Book Value is 11.13% 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757.00 is trading 16.6% above its estimated GF Value™ of 円649.00. GuruFocus considers Tosho Co to be Modestly Overvalued.

Key valuation signals for TSE:8920:

ROE % Adjusted to Book Value: 11.13%
GF Value™: 円649.00 vs. price of 円757.00 (16.6% above fair value)
GF Score™: 88/100 with 2 warning signs

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

Industry Industrials Conglomerates

Comparable Companies TSE:2462 TSE:3696 TSE:4439 TSE:8070 TSE:8095 TSE:4685 TSE:7521 TSE:7119 TSE:6838 TSE:7490 ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053

Address 1-16-5, Mikawaanjocho, Anjo-Shi, Aichi, JPN, 446-0056

Website http://www.to-sho.net

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.

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

円757.00

Price

円649.00

GF Value

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