TOCALO CoTSE:3433 -1.65%92 ROE % is 22.37% as of Mar. 2026, which is 59% above its 10-year median of 14.11. GuruFocus rates TSE:3433 with a GF Score™ of 92/100 and a GF Value™ of 円2,212.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,058 Business Services companies, TOCALO Co ranks better than 74.39% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TOCALO Co's annualized net income for the quarter that ended in Mar. 2026 was 円14,468 Mil. TOCALO Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円64,667 Mil. Therefore, TOCALO Co's annualized ROE % for the quarter that ended in Mar. 2026 was 22.37%.
The historical rank and industry rank for TOCALO Co's ROE % or its related term are showing as below:
TSE:3433'
s ROE % Range Over the Past 10 Years
Min: 11.32 Med: 14.11 Max: 16.07
Current: 16.07
During the past 13 years, TOCALO Co's highest ROE % was 16.07%. The lowest was 11.32%. And the median was 14.11%.
TSE:3433's ROE % is ranked better than 74.39% of 1058
companies
in the Business Services industry
Industry Median: 8.095
vs TSE:3433: 16.07
TOCALO Co (TSE:3433) 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.
TOCALO Co ROE % Related Terms
TOCALO Co ROE % Historical Data
* Premium members only.
The historical data trend for TOCALO Co'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 Specialty Business Services subindustry, TOCALO 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.
TOCALO Co ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, TOCALO Co's ROE % distribution charts can be found below:
* The bar in red indicates where TOCALO 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.
TOCALO Co (TSE:3433) has a ROE % of 22.37% 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 TOCALO Co and its competitors. This is 59% above median its historical median of 14.11. Over the past decade, TOCALO Co's ROE % has ranged from 11.32 to 16.07. According to the industry distribution chart, TOCALO Co ranks #271 out of 1058 companies in the Business Services industry, placing it in the top 25.6%.
Is TOCALO Co's ROE % too high?
TOCALO Co's current ROE % of 22.37% is 59% above median its 10-year median of 14.11. Over the past 10 years, this metric has ranged from a low of 11.32 to a high of 16.07. The Business Services industry median ROE % is 8.10. TOCALO Co's value of 22.37% is 176.3% above this industry median. Based on the distribution chart, TOCALO Co ranks #271 out of 1058 companies in the Business Services industry, which is above the industry midpoint. Overall, TOCALO Co has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOCALO Co's ROE % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TOCALO Co ranks #271 out of 1058 companies for ROE %. This puts TOCALO Co in the upper half of its industry. The industry median ROE % is 8.10. TOCALO Co's value of 22.37% is 176.3% above this benchmark. Historically, TOCALO Co's own ROE % has ranged from 11.32 to 16.07 over the past decade. While the company's 10-year median is 14.11 vs. the industry median of 8.10, TOCALO 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 Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 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. TOCALO Co's current ROE % of 22.37% is 176.3% 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 TOCALO Co and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOCALO Co's current ROE % is 22.37%, which is 59% above median its own 10-year median of 14.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOCALO Co stock overvalued right now?
Based on GuruFocus' analysis, TOCALO Co (TSE:3433) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,212.31, compared to a current price of 円3,280.00 — trading 48.3% above its estimated fair value. The current ROE % is 22.37%, which is 59% above median its 10-year median of 14.11 and 176.3% above the Business Services industry median of 8.10. TOCALO Co's overall GF Score™ is 92/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For TOCALO Co (TSE:3433), the current ROE % is 22.37% 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 TOCALO Co (TSE:3433) Overvalued in 2026?
Based on GuruFocus' analysis, TOCALO Co stock appears to be overvalued.
The current stock price of 円3,280.00 is trading 48.3% above its estimated GF Value™ of 円2,212.31.
GuruFocus considers TOCALO Co to be Significantly Overvalued.
Key valuation signals for TSE:3433:
ROE %: 22.37% (59% above median its 10-year median of 14.11)
GF Value™: 円2,212.31 vs. price of 円3,280.00 (48.3% above fair value)
Industry Position: 176.3% above the Business Services median (#271 of 1058)
No single metric tells the full story. See the TSE:3433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.
92GF Score
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