Toyota TsushoSTU:9TO +1.27%80 ROE % is 10.81% as of Mar. 2026, which is 12% below its 10-year median of 12.26. GuruFocus rates STU:9TO with a GF Score™ of 80/100 and a GF Value™ of €19.15 (Significantly Overvalued). Among 557 Conglomerates companies, Toyota Tsusho ranks better than 77.92% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Toyota Tsusho's annualized net income for the quarter that ended in Mar. 2026 was €1,822 Mil. Toyota Tsusho's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €16,854 Mil. Therefore, Toyota Tsusho's annualized ROE % for the quarter that ended in Mar. 2026 was 10.81%.
The historical rank and industry rank for Toyota Tsusho's ROE % or its related term are showing as below:
STU:9TO'
s ROE % Range Over the Past 10 Years
Min: 10.1 Med: 12.26 Max: 15.57
Current: 12.95
During the past 13 years, Toyota Tsusho's highest ROE % was 15.57%. The lowest was 10.10%. And the median was 12.26%.
STU:9TO's ROE % is ranked better than 77.92% of 557
companies
in the Conglomerates industry
Industry Median: 5.99
vs STU:9TO: 12.95
Toyota Tsusho (STU:9TO) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Toyota Tsusho ROE % Related Terms
Toyota Tsusho ROE % Historical Data
* Premium members only.
The historical data trend for Toyota Tsusho's ROE % 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.
For the Conglomerates subindustry, Toyota Tsusho's ROE %, along with its competitors' market caps and ROE % 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.
Toyota Tsusho ROE % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Toyota Tsusho's ROE % distribution charts can be found below:
* The bar in red indicates where Toyota Tsusho's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Toyota Tsusho (STU:9TO) has a ROE % of 10.81% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Toyota Tsusho and its competitors. This is 12% below median its historical median of 12.26. Over the past decade, Toyota Tsusho's ROE % has ranged from 10.10 to 15.57. According to the industry distribution chart, Toyota Tsusho ranks #123 out of 557 companies in the Conglomerates industry, placing it in the top 22.1%.
Is Toyota Tsusho's ROE % too high?
Toyota Tsusho's current ROE % of 10.81% is 12% below median its 10-year median of 12.26. Over the past 10 years, this metric has ranged from a low of 10.10 to a high of 15.57. The Conglomerates industry median ROE % is 5.99. Toyota Tsusho's value of 10.81% is 80.5% above this industry median. Based on the distribution chart, Toyota Tsusho ranks #123 out of 557 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Toyota Tsusho has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Tsusho's ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toyota Tsusho ranks #123 out of 557 companies for ROE %. This places Toyota Tsusho in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 5.99. Toyota Tsusho's value of 10.81% is 80.5% above this benchmark. Historically, Toyota Tsusho's own ROE % has ranged from 10.10 to 15.57 over the past decade. While the company's 10-year median is 12.26 vs. the industry median of 5.99, Toyota Tsusho has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Conglomerates company?
The median ROE % among Conglomerates companies is 5.99, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toyota Tsusho's current ROE % of 10.81% is 80.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Toyota Tsusho and its competitors. For the Conglomerates industry, the median ROE % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Tsusho's current ROE % is 10.81%, which is 12% below median its own 10-year median of 12.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Tsusho stock overvalued right now?
Based on GuruFocus' analysis, Toyota Tsusho (STU:9TO) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.15, compared to a current price of €31.94 — trading 66.8% above its estimated fair value. The current ROE % is 10.81%, which is 12% below median its 10-year median of 12.26 and 80.5% above the Conglomerates industry median of 5.99. Toyota Tsusho's overall GF Score™ is 80/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Toyota Tsusho (STU:9TO), the current ROE % is 10.81% 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 Toyota Tsusho (STU:9TO) Overvalued in 2026?
Based on GuruFocus' analysis, Toyota Tsusho stock appears to be overvalued.
The current stock price of €31.94 is trading 66.8% above its estimated GF Value™ of €19.15.
GuruFocus considers Toyota Tsusho to be Significantly Overvalued.
Key valuation signals for STU:9TO:
ROE %: 10.81% (12% below median its 10-year median of 12.26)
GF Value™: €19.15 vs. price of €31.94 (66.8% above fair value)
Industry Position: 80.5% above the Conglomerates median (#123 of 557)
No single metric tells the full story. See the STU:9TO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyota Tsusho Corp is a Japan-based company involved in trading diverse products, along with the manufacturing, processing, sales, investment, and related service activities. The company operates through segments including Africa, Circular Economy, Digital Solutions, Green Infrastructure, Lifestyle, Metal Plus, Mobility, Supply Chain, and Others. It generates the majority of its revenue from the Metal Plus segment, which processes, manufactures, treats, and sells steel products and nonferrous metal ingots, among others.
80GF Score
Get the complete analysis for STU:9TO
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:9TO has been successfully added to your 
