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Tokyotokeiba CoTSE:9672 -1.32%88 ROE % is 10.94% as of Dec. 2025, which is 21% above its 10-year median of 9.06. GuruFocus rates TSE:9672 with a GF Score™ of 88/100 and a GF Value™ of 円4,879.81 (Fairly Valued). The stock has 3 warning signs investors should review. Among 820 Travel & Leisure companies, Tokyotokeiba Co ranks better than 66.83% on this metric.
The historical rank and industry rank for Tokyotokeiba Co's ROE % or its related term are showing as below:
TSE:9672'
s ROE % Range Over the Past 10 Years
Min: 5.5 Med: 9.06 Max: 12.67
Current: 10.97
During the past 13 years, Tokyotokeiba Co's highest ROE % was 12.67%. The lowest was 5.50%. And the median was 9.06%.
TSE:9672's ROE % is ranked better than 66.83% of 820
companies
in the Travel & Leisure industry
Industry Median: 5.485
vs TSE:9672: 10.97
Tokyotokeiba Co (TSE:9672) 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.
Tokyotokeiba Co ROE % Related Terms
Tokyotokeiba Co ROE % Historical Data
* Premium members only.
The historical data trend for Tokyotokeiba 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 Gambling subindustry, Tokyotokeiba 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.
Tokyotokeiba Co ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tokyotokeiba Co's ROE % distribution charts can be found below:
* The bar in red indicates where Tokyotokeiba 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.
Tokyotokeiba Co (TSE:9672) has a ROE % of 10.94% 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 Tokyotokeiba Co and its competitors. This is 21% above median its historical median of 9.06. Over the past decade, Tokyotokeiba Co's ROE % has ranged from 5.50 to 12.67. According to the industry distribution chart, Tokyotokeiba Co ranks #272 out of 820 companies in the Travel & Leisure industry, placing it in the top 33.2%.
Is Tokyotokeiba Co's ROE % too high?
Tokyotokeiba Co's current ROE % of 10.94% is 21% above median its 10-year median of 9.06. Over the past 10 years, this metric has ranged from a low of 5.50 to a high of 12.67. The Travel & Leisure industry median ROE % is 5.49. Tokyotokeiba Co's value of 10.94% is 99.5% above this industry median. Based on the distribution chart, Tokyotokeiba Co ranks #272 out of 820 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Tokyotokeiba Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyotokeiba Co's ROE % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Tokyotokeiba Co ranks #272 out of 820 companies for ROE %. This puts Tokyotokeiba Co in the upper half of its industry. The industry median ROE % is 5.49. Tokyotokeiba Co's value of 10.94% is 99.5% above this benchmark. Historically, Tokyotokeiba Co's own ROE % has ranged from 5.50 to 12.67 over the past decade. While the company's 10-year median is 9.06 vs. the industry median of 5.49, Tokyotokeiba 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 Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 820 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. Tokyotokeiba Co's current ROE % of 10.94% is 99.5% 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 Tokyotokeiba Co and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyotokeiba Co's current ROE % is 10.94%, which is 21% above median its own 10-year median of 9.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyotokeiba Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyotokeiba Co (TSE:9672) is currently considered Fairly Valued. The stock's GF Value™ is 円4,879.81, compared to a current price of 円4,850.00 — trading 0.6% below its estimated fair value. The current ROE % is 10.94%, which is 21% above median its 10-year median of 9.06 and 99.5% above the Travel & Leisure industry median of 5.49. Tokyotokeiba Co's overall GF Score™ is 88/100 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 Tokyotokeiba Co (TSE:9672), the current ROE % is 10.94% 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 Tokyotokeiba Co (TSE:9672) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyotokeiba Co stock appears to be undervalued.
The current stock price of 円4,850.00 is trading 0.6% below its estimated GF Value™ of 円4,879.81.
GuruFocus considers Tokyotokeiba Co to be Fairly Valued.
Key valuation signals for TSE:9672:
ROE %: 10.94% (21% above median its 10-year median of 9.06)
GF Value™: 円4,879.81 vs. price of 円4,850.00 (0.6% below fair value)
Industry Position: 99.5% above the Travel & Leisure median (#272 of 820)
No single metric tells the full story. See the TSE:9672 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyotokeiba Co Ltd is a gambling company engaged in horse racing. The company has four business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan.
88GF Score
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