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Toagosei CoTSE:4045 +1.67%84 ROE % is 9.01% as of Dec. 2025, which is 49% above its 10-year median of 6.05. GuruFocus rates TSE:4045 with a GF Score™ of 84/100 and a GF Value™ of 円1,557.62 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,583 Chemicals companies, Toagosei Co ranks better than 56.73% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Toagosei Co's annualized net income for the quarter that ended in Dec. 2025 was 円19,052 Mil. Toagosei Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was 円211,522 Mil. Therefore, Toagosei Co's annualized ROE % for the quarter that ended in Dec. 2025 was 9.01%.
The historical rank and industry rank for Toagosei Co's ROE % or its related term are showing as below:
TSE:4045'
s ROE % Range Over the Past 10 Years
Min: 4.21 Med: 6.05 Max: 8.46
Current: 6.43
During the past 13 years, Toagosei Co's highest ROE % was 8.46%. The lowest was 4.21%. And the median was 6.05%.
TSE:4045's ROE % is ranked better than 56.73% of 1583
companies
in the Chemicals industry
Industry Median: 5.24
vs TSE:4045: 6.43
Toagosei Co (TSE:4045) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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.
Toagosei Co ROE % Related Terms
Toagosei Co ROE % Historical Data
* Premium members only.
The historical data trend for Toagosei 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 Chemicals subindustry, Toagosei 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.
Toagosei Co ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Toagosei Co's ROE % distribution charts can be found below:
* The bar in red indicates where Toagosei 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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Toagosei Co (TSE:4045) has a ROE % of 9.01% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Toagosei Co and its competitors. This is 49% above median its historical median of 6.05. Over the past decade, Toagosei Co's ROE % has ranged from 4.21 to 8.46. According to the industry distribution chart, Toagosei Co ranks #685 out of 1583 companies in the Chemicals industry, placing it in the top 43.3%.
Is Toagosei Co's ROE % too high?
Toagosei Co's current ROE % of 9.01% is 49% above median its 10-year median of 6.05. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 8.46. The Chemicals industry median ROE % is 5.24. Toagosei Co's value of 9.01% is 71.9% above this industry median. Based on the distribution chart, Toagosei Co ranks #685 out of 1583 companies in the Chemicals industry, which is above the industry midpoint. Overall, Toagosei Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toagosei Co's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toagosei Co ranks #685 out of 1583 companies for ROE %. This puts Toagosei Co in the upper half of its industry. The industry median ROE % is 5.24. Toagosei Co's value of 9.01% is 71.9% above this benchmark. Historically, Toagosei Co's own ROE % has ranged from 4.21 to 8.46 over the past decade. While the company's 10-year median is 6.05 vs. the industry median of 5.24, Toagosei 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 Chemicals company?
The median ROE % among Chemicals companies is 5.24, based on 1,583 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. Toagosei Co's current ROE % of 9.01% is 71.9% 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 Toagosei Co and its competitors. For the Chemicals industry, the median ROE % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toagosei Co's current ROE % is 9.01%, which is 49% above median its own 10-year median of 6.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toagosei Co stock overvalued right now?
Based on GuruFocus' analysis, Toagosei Co (TSE:4045) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,557.62, compared to a current price of 円1,734.50 — trading 11.4% above its estimated fair value. The current ROE % is 9.01%, which is 49% above median its 10-year median of 6.05 and 71.9% above the Chemicals industry median of 5.24. Toagosei Co's overall GF Score™ is 84/100 with 3 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 Toagosei Co (TSE:4045), the current ROE % is 9.01% as of Dec. 2025. 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 Toagosei Co (TSE:4045) Overvalued in 2026?
Based on GuruFocus' analysis, Toagosei Co stock appears to be overvalued.
The current stock price of 円1,734.50 is trading 11.4% above its estimated GF Value™ of 円1,557.62.
GuruFocus considers Toagosei Co to be Modestly Overvalued.
Key valuation signals for TSE:4045:
ROE %: 9.01% (49% above median its 10-year median of 6.05)
GF Value™: 円1,557.62 vs. price of 円1,734.50 (11.4% above fair value)
Industry Position: 71.9% above the Chemicals median (#685 of 1583)
No single metric tells the full story. See the TSE:4045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toagosei Co Ltd manufactures and sells a wide range of chemicals and chemical-based products. The company operates through five business segments. The Polymer and Oligomer Business, its key segment, provides acrylate esters, acrylic polymers, and UV-curable resins used in paints, textiles, cosmetics, and electronics. The Core Chemicals Business supplies caustic soda, sulfuric acid, and sodium hypochlorite for paper, fertilizer, and water treatment applications. The Adhesive Materials Business offers adhesives and related products. The High-performance Materials Business provides electronic and construction materials. The Resin Processed Products Business sells piping equipment and nursing care products. Majority revenue is generated in Japan.
84GF Score
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