Tokyo Steel Manufacturing CoTOKSF 70 ROE % is 3.89% as of Mar. 2026, which is 64% below its 10-year median of 10.77. GuruFocus rates TOKSF with a GF Score™ of 70/100 and a GF Value™ of $7.75 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 623 Steel companies, Tokyo Steel Manufacturing Co ranks better than 59.39% on this metric.
The historical rank and industry rank for Tokyo Steel Manufacturing Co's ROE % or its related term are showing as below:
TOKSF'
s ROE % Range Over the Past 10 Years
Min: 4.52 Med: 10.77 Max: 22.09
Current: 5.39
During the past 13 years, Tokyo Steel Manufacturing Co's highest ROE % was 22.09%. The lowest was 4.52%. And the median was 10.77%.
TOKSF's ROE % is ranked better than 59.39% of 623
companies
in the Steel industry
Industry Median: 3.7
vs TOKSF: 5.39
Tokyo Steel Manufacturing Co (OTCPK:TOKSF) 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 Steel Manufacturing Co ROE % Related Terms
Tokyo Steel Manufacturing Co ROE % Historical 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.
For the Steel subindustry, Tokyo Steel Manufacturing Co'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 Steel Manufacturing Co ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's ROE % distribution charts can be found below:
* The bar in red indicates where Tokyo Steel Manufacturing Co'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 Steel Manufacturing Co (TOKSF) has a ROE % of 3.89% 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 Steel Manufacturing Co and its competitors. This is 64% below median its historical median of 10.77. Over the past decade, Tokyo Steel Manufacturing Co's ROE % has ranged from 4.52 to 22.09. According to the industry distribution chart, Tokyo Steel Manufacturing Co ranks #253 out of 623 companies in the Steel industry, placing it in the top 40.6%.
Is Tokyo Steel Manufacturing Co's ROE % too high?
Tokyo Steel Manufacturing Co's current ROE % of 3.89% is 64% below median its 10-year median of 10.77. Over the past 10 years, this metric has ranged from a low of 4.52 to a high of 22.09. The Steel industry median ROE % is 3.70. Tokyo Steel Manufacturing Co's value of 3.89% is 5.1% above this industry median. Based on the distribution chart, Tokyo Steel Manufacturing Co ranks #253 out of 623 companies in the Steel industry, which is above the industry midpoint. Overall, Tokyo Steel Manufacturing Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Steel Manufacturing Co's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Tokyo Steel Manufacturing Co ranks #253 out of 623 companies for ROE %. This puts Tokyo Steel Manufacturing Co in the upper half of its industry. The industry median ROE % is 3.70. Tokyo Steel Manufacturing Co's value of 3.89% is 5.1% above this benchmark. Historically, Tokyo Steel Manufacturing Co's own ROE % has ranged from 4.52 to 22.09 over the past decade. While the company's 10-year median is 10.77 vs. the industry median of 3.70, Tokyo Steel Manufacturing Co 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 Steel company?
The median ROE % among Steel companies is 3.70, based on 623 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 Steel Manufacturing Co's current ROE % of 3.89% is 5.1% 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 Steel Manufacturing Co and its competitors. For the Steel industry, the median ROE % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Steel Manufacturing Co's current ROE % is 3.89%, which is 64% below median its own 10-year median of 10.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Steel Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co (TOKSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.75, compared to a current price of $9.11 — trading 17.5% above its estimated fair value. The current ROE % is 3.89%, which is 64% below median its 10-year median of 10.77 and 5.1% above the Steel industry median of 3.70. Tokyo Steel Manufacturing Co's overall GF Score™ is 70/100 with 10 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 Steel Manufacturing Co (TOKSF), the current ROE % is 3.89% 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 Steel Manufacturing Co (TOKSF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co stock appears to be overvalued.
The current stock price of $9.11 is trading 17.5% above its estimated GF Value™ of $7.75.
GuruFocus considers Tokyo Steel Manufacturing Co to be Modestly Overvalued.
Key valuation signals for TOKSF:
ROE %: 3.89% (64% below median its 10-year median of 10.77)
GF Value™: $7.75 vs. price of $9.11 (17.5% above fair value)
Industry Position: 5.1% above the Steel median (#253 of 623)
No single metric tells the full story. See the TOKSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Steel Manufacturing Co Ltd is a Japan-based company engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in a broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates the majority of its revenue from the Japanese domestic market.
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