Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TO BooksTSE:500A -1.78%23 ROE % is 22.40% as of Apr. 2026, which is 1% below its 10-year median of 22.72. GuruFocus rates TSE:500A with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 948 Media - Diversified companies, TO Books ranks better than 90.61% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TO Books's annualized net income for the quarter that ended in Apr. 2026 was 円1,355 Mil. TO Books's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was 円6,050 Mil. Therefore, TO Books's annualized ROE % for the quarter that ended in Apr. 2026 was 22.40%.
The historical rank and industry rank for TO Books's ROE % or its related term are showing as below:
TSE:500A'
s ROE % Range Over the Past 10 Years
Min: 19.84 Med: 22.72 Max: 29.22
Current: 24.03
During the past 3 years, TO Books's highest ROE % was 29.22%. The lowest was 19.84%. And the median was 22.72%.
TSE:500A's ROE % is ranked better than 90.61% of 948
companies
in the Media - Diversified industry
Industry Median: 2.565
vs TSE:500A: 24.03
TO Books (TSE:500A) 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 two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.
TO Books ROE % Related Terms
TO Books ROE % Historical Data
* Premium members only.
The historical data trend for TO Books'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.
TO Books ROE % Chart
TO Books Annual Data
Trend
Apr24
Apr25
Apr26
ROE %
29.22
19.84
22.72
TO Books Semi-Annual Data
Apr24
Apr25
Oct25
Apr26
ROE %
0.00
0.00
27.86
22.40
TSE:500A vs NYT, WLY: ROE % Comparison
For the Publishing subindustry, TO Books'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.
TO Books ROE % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TO Books's ROE % distribution charts can be found below:
* The bar in red indicates where TO Books'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 two times the semi-annual (Apr. 2026) net income data.
ROE % is displayed in the 30-year financial page.
TO Books (TSE:500A) has a ROE % of 22.40% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TO Books and its competitors. This is near median its historical median of 22.72. Over the past decade, TO Books' ROE % has ranged from 19.84 to 29.22. According to the industry distribution chart, TO Books ranks #89 out of 948 companies in the Media - Diversified industry, placing it in the top 9.4%.
Is TO Books' ROE % too high?
TO Books' current ROE % of 22.40% is near median its 10-year median of 22.72. Over the past 10 years, this metric has ranged from a low of 19.84 to a high of 29.22. The Media - Diversified industry median ROE % is 2.57. TO Books' value of 22.40% is 773.3% above this industry median. Based on the distribution chart, TO Books ranks #89 out of 948 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, TO Books has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does TO Books' ROE % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, TO Books ranks #89 out of 948 companies for ROE %. This places TO Books in the top 9% of its industry — outperforming the majority of peers. The industry median ROE % is 2.57. TO Books' value of 22.40% is 773.3% above this benchmark. Historically, TO Books' own ROE % has ranged from 19.84 to 29.22 over the past decade. While the company's 10-year median is 22.72 vs. the industry median of 2.57, TO Books 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 Media - Diversified company?
The median ROE % among Media - Diversified companies is 2.57, based on 948 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. TO Books's current ROE % of 22.40% is 773.3% 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 TO Books and its competitors. For the Media - Diversified industry, the median ROE % is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TO Books's current ROE % is 22.40%, which is near median its own 10-year median of 22.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TO Books stock overvalued right now?
TO Books (TSE:500A) has a current ROE % of 22.40%. The current ROE % is 22.40%, which is near median its 10-year median of 22.72 and 773.3% above the Media - Diversified industry median of 2.57. TO Books' overall GF Score™ is 23/100 with 1 warning sign 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 TO Books (TSE:500A), the current ROE % is 22.40% as of Apr. 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.
TO Books Inc operates a content production business focused on the planning and editing of light novels and comics, with activities extending to animation, stage productions, and related merchandise.
23GF Score
Get the complete analysis for TSE:500A
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
TSE:500A has been successfully added to your 
