Toho BankTSE:8346 +1.18%48 ROE % is 4.43% as of Mar. 2026, which is 44% above its 10-year median of 3.08. GuruFocus rates TSE:8346 with a GF Score™ of 48/100 and a GF Value™ of 円417.55 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,527 Banks companies, Toho Bank ranks worse than 77.41% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Toho Bank's annualized net income for the quarter that ended in Mar. 2026 was 円9,516 Mil. Toho Bank's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円214,954 Mil. Therefore, Toho Bank's annualized ROE % for the quarter that ended in Mar. 2026 was 4.43%.
The historical rank and industry rank for Toho Bank's ROE % or its related term are showing as below:
TSE:8346'
s ROE % Range Over the Past 10 Years
Min: -2.44 Med: 3.08 Max: 5.95
Current: 5.93
During the past 13 years, Toho Bank's highest ROE % was 5.95%. The lowest was -2.44%. And the median was 3.08%.
TSE:8346's ROE % is ranked worse than 77.41% of 1527
companies
in the Banks industry
Industry Median: 10.23
vs TSE:8346: 5.93
Toho Bank (TSE:8346) 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.
Toho Bank ROE % Related Terms
Toho Bank ROE % Historical Data
* Premium members only.
The historical data trend for Toho Bank'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 Banks - Regional subindustry, Toho Bank'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.
Toho Bank ROE % vs Banks Industry
For the Banks industry and Financial Services sector, Toho Bank's ROE % distribution charts can be found below:
* The bar in red indicates where Toho Bank'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.
Toho Bank (TSE:8346) has a ROE % of 4.43% 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 Toho Bank and its competitors. This is 44% above median its historical median of 3.08. According to the industry distribution chart, Toho Bank ranks #1182 out of 1527 companies in the Banks industry, placing it in the top 77.4%.
Is Toho Bank's ROE % too high?
Toho Bank's current ROE % of 4.43% is 44% above median its 10-year median of 3.08. The Banks industry median ROE % is 10.23. Toho Bank's value of 4.43% is 56.7% below this industry median. Based on the distribution chart, Toho Bank ranks #1182 out of 1527 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Toho Bank has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Bank's ROE % compare to competitors?
According to the Banks industry distribution chart, Toho Bank ranks #1182 out of 1527 companies for ROE %. This places Toho Bank in the lower half of its industry. The industry median ROE % is 10.23. Toho Bank's value of 4.43% is 56.7% below this benchmark. While the company's 10-year median is 3.08 vs. the industry median of 10.23, Toho Bank has consistently been below 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 Banks company?
The median ROE % among Banks companies is 10.23, based on 1,527 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. Toho Bank's current ROE % of 4.43% is 56.7% below 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 Toho Bank and its competitors. For the Banks industry, the median ROE % is 10.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Bank's current ROE % is 4.43%, which is 44% above median its own 10-year median of 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Bank stock overvalued right now?
Based on GuruFocus' analysis, Toho Bank (TSE:8346) is currently considered Significantly Overvalued. The stock's GF Value™ is 円417.55, compared to a current price of 円774.00 — trading 85.4% above its estimated fair value. The current ROE % is 4.43%, which is 44% above median its 10-year median of 3.08 and 56.7% below the Banks industry median of 10.23. Toho Bank's overall GF Score™ is 48/100 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 Toho Bank (TSE:8346), the current ROE % is 4.43% 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 Toho Bank (TSE:8346) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Bank stock appears to be overvalued.
The current stock price of 円774.00 is trading 85.4% above its estimated GF Value™ of 円417.55.
GuruFocus considers Toho Bank to be Significantly Overvalued.
Key valuation signals for TSE:8346:
ROE %: 4.43% (44% above median its 10-year median of 3.08)
GF Value™: 円417.55 vs. price of 円774.00 (85.4% above fair value)
Industry Position: 56.7% below the Banks median (#1182 of 1527)
No single metric tells the full story. See the TSE:8346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Bank Ltd is a Japanese regional commercial bank group operating in the Fukushima prefecture of the island nation. The group consists of a bank and seven subsidiaries, which provide banking, leasing, credit card, and credit guaranteeing services. The banking business consists of money transfer, lending, foreign exchange services, and associate businesses. Most of the group's earnings assets are in loans and bill discounted, followed by securities. Net interest income and fees and commissions income generate most of the group's income.
48GF Score
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