Tokyo ElectronTOELF +4.42%85 ROE % is 41.70% as of Mar. 2026, which is 43% above its 10-year median of 29.06. GuruFocus rates TOELF with a GF Score™ of 85/100 and a GF Value™ of $212.01 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,004 Semiconductors companies, Tokyo Electron ranks better than 92.53% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tokyo Electron's annualized net income for the quarter that ended in Mar. 2026 was $5,402 Mil. Tokyo Electron's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $12,953 Mil. Therefore, Tokyo Electron's annualized ROE % for the quarter that ended in Mar. 2026 was 41.70%.
The historical rank and industry rank for Tokyo Electron's ROE % or its related term are showing as below:
TOELF'
s ROE % Range Over the Past 10 Years
Min: 19.05 Med: 29.06 Max: 36.86
Current: 29.29
During the past 13 years, Tokyo Electron's highest ROE % was 36.86%. The lowest was 19.05%. And the median was 29.06%.
TOELF's ROE % is ranked better than 92.53% of 1004
companies
in the Semiconductors industry
Industry Median: 4.55
vs TOELF: 29.29
Tokyo Electron (OTCPK:TOELF) 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.
Tokyo Electron ROE % Related Terms
Tokyo Electron ROE % Historical Data
* Premium members only.
The historical data trend for Tokyo Electron'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 Semiconductor Equipment & Materials subindustry, Tokyo Electron'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.
Tokyo Electron ROE % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tokyo Electron's ROE % distribution charts can be found below:
* The bar in red indicates where Tokyo Electron'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.
Tokyo Electron (TOELF) has a ROE % of 41.70% 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 Tokyo Electron and its competitors. This is 43% above median its historical median of 29.06. Over the past decade, Tokyo Electron's ROE % has ranged from 19.05 to 36.86. According to the industry distribution chart, Tokyo Electron ranks #75 out of 1004 companies in the Semiconductors industry, placing it in the top 7.5%.
Is Tokyo Electron's ROE % too high?
Tokyo Electron's current ROE % of 41.70% is 43% above median its 10-year median of 29.06. Over the past 10 years, this metric has ranged from a low of 19.05 to a high of 36.86. The Semiconductors industry median ROE % is 4.55. Tokyo Electron's value of 41.70% is 816.5% above this industry median. Based on the distribution chart, Tokyo Electron ranks #75 out of 1004 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Electron has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's ROE % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Tokyo Electron ranks #75 out of 1004 companies for ROE %. This places Tokyo Electron in the top 8% of its industry — outperforming the majority of peers. The industry median ROE % is 4.55. Tokyo Electron's value of 41.70% is 816.5% above this benchmark. Historically, Tokyo Electron's own ROE % has ranged from 19.05 to 36.86 over the past decade. While the company's 10-year median is 29.06 vs. the industry median of 4.55, Tokyo Electron 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 Semiconductors company?
The median ROE % among Semiconductors companies is 4.55, based on 1,004 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. Tokyo Electron's current ROE % of 41.70% is 816.5% 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 Tokyo Electron and its competitors. For the Semiconductors industry, the median ROE % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Electron's current ROE % is 41.70%, which is 43% above median its own 10-year median of 29.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electron stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron (TOELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $212.01, compared to a current price of $463.19 — trading 118.5% above its estimated fair value. The current ROE % is 41.70%, which is 43% above median its 10-year median of 29.06 and 816.5% above the Semiconductors industry median of 4.55. Tokyo Electron's overall GF Score™ is 85/100 with 8 warning signs to review. 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 Tokyo Electron (TOELF), the current ROE % is 41.70% 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 Tokyo Electron (TOELF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued.
The current stock price of $463.19 is trading 118.5% above its estimated GF Value™ of $212.01.
GuruFocus considers Tokyo Electron to be Significantly Overvalued.
Key valuation signals for TOELF:
ROE %: 41.70% (43% above median its 10-year median of 29.06)
GF Value™: $212.01 vs. price of $463.19 (118.5% above fair value)
Industry Position: 816.5% above the Semiconductors median (#75 of 1004)
No single metric tells the full story. See the TOELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
85GF Score
Get the complete analysis for TOELF
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
TOELF has been successfully added to your 
