Tosei (TSE:8923) ROE % Adjusted to Book Value: 26.07% (As of Feb. 2026)

Tosei TSE:8923 +0.94% 88 ROE % Adjusted to Book Value is 26.07% as of Feb. 2026. GuruFocus rates TSE:8923 with a GF Score™ of 88/100 and a GF Value™ of 円1,616.20 (Fairly Valued). The stock has 6 warning signs investors should review.

Tosei's ROE % for the quarter that ended in Feb. 2026 was 38.59%. Tosei's PB Ratio for the quarter that ended in Feb. 2026 was 1.48. Tosei's ROE % Adjusted to Book Value for the quarter that ended in Feb. 2026 was 26.07%.

Tosei ROE % Adjusted to Book Value Related Terms

Tosei ROE % Adjusted to Book Value Historical Data

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The historical data trend for Tosei'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.

Tosei ROE % Adjusted to Book Value Chart

Tosei Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

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Nov25

ROE % Adjusted to Book Value

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15.37

13.53

12.85

10.60

9.79

Tosei Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															28.41	13.44	4.76	1.78	26.07

Tosei ROE % Adjusted to Book Value Competitor Comparison

For the Real Estate - Diversified subindustry, Tosei'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.

Tosei ROE % Adjusted to Book Value vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Tosei's ROE % Adjusted to Book Value distribution charts can be found below:

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

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88GF Score

Tosei Corp TSE:8923

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

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Tosei ROE % Adjusted to Book Value Calculation

Tosei's ROE % Adjusted to Book Value for the fiscal year that ended in Nov. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	15.27%	/	1.56
	=	9.79%

Tosei's ROE % Adjusted to Book Value for the quarter that ended in Feb. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	38.59%	/	1.48
	=	26.07%

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

What does a ROE % Adjusted to Book Value of 26.07% mean?

Tosei (TSE:8923) has a ROE % Adjusted to Book Value of 26.07% as of Feb. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Tosei and its competitors.

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

Tosei's current ROE % Adjusted to Book Value is 26.07%. Overall, Tosei has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Tosei's ROE % Adjusted to Book Value compare to competitors?

Tosei's ROE % Adjusted to Book Value of 26.07% can be compared against companies in the Real Estate 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 Real Estate company?

A good ROE % Adjusted to Book Value depends on the Real Estate 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 Tosei and its competitors. Tosei's current ROE % Adjusted to Book Value is 26.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tosei stock overvalued right now?

Based on GuruFocus' analysis, Tosei (TSE:8923) is currently considered Fairly Valued. The stock's GF Value™ is 円1,616.20, compared to a current price of 円1,714.00 — trading 6.1% above its estimated fair value. The current ROE % Adjusted to Book Value is 26.07%. Tosei's overall GF Score™ is 88/100 with 6 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 Tosei (TSE:8923), the current ROE % Adjusted to Book Value is 26.07% as of Feb. 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 Tosei (TSE:8923) Overvalued in 2026?

Based on GuruFocus' analysis, Tosei stock appears to be overvalued. The current stock price of 円1,714.00 is trading 6.1% above its estimated GF Value™ of 円1,616.20. GuruFocus considers Tosei to be Fairly Valued.

Key valuation signals for TSE:8923:

ROE % Adjusted to Book Value: 26.07%
GF Value™: 円1,616.20 vs. price of 円1,714.00 (6.1% above fair value)
GF Score™: 88/100 with 6 warning signs

No single metric tells the full story. See the TSE:8923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tosei Business Description

Industry Real Estate Real Estate

Comparable Companies TSE:8803 TSE:3480 TSE:8850 TSE:8935 TSE:9639 TSE:3475 TSE:3271 TSE:3772 TSE:3242 TSE:8918 TSE:8802 TSE:8801 HKSE:00012 XSWX:SPSN BKK:CPN PHS:SMPH XTAE:MGOR BOM:503100 BOM:533274 SAU:4325

Address 5-4 Shibaura 4-chome, Toranomon Tosei Building, Minato-ku, Tokyo, JPN, 105-0001

Website https://www.toseicorp.co.jp

Tosei Corp is a diversified real estate company based in Japan. It is engaged in selling condominiums, detached houses, rental condominiums, and office buildings to individual customers and investors; providing asset management services for real estate funds, leasing properties; operating a real estate revitalization business; and operating hotels, among other activities. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Revitalization, Real Estate Development, Real Estate Leasing, Real Estate Fund and Consulting, Real Estate Management, and Hotel. Maximum revenue is generated from its Real Estate Revitalization Business, which revitalizes and sells properties with deteriorated asset value.

88GF Score

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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1,714.00

Price

円1,616.20

GF Value

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