First Brothers Co (TSE:3454) Asset Turnover: 0.08 (As of May. 2026)

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TSE:3454 First Brothers Co Ltd TSE:3454
65 GF Score
Price 円1,277.00
GF Value 円1,541.44
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is First Brothers Co Asset Turnover?

First Brothers Co TSE:3454 +0.08% 65 Asset Turnover is 0.08 as of May. 2026. GuruFocus rates TSE:3454 with a GF Score™ of 65/100 and a GF Value™ of 円1,541.44 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. First Brothers Co's Revenue for the three months ended in May. 2026 was 円6,710 Mil. First Brothers Co's Total Assets for the quarter that ended in May. 2026 was 円87,762 Mil. Therefore, First Brothers Co's Asset Turnover for the quarter that ended in May. 2026 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. First Brothers Co's annualized ROE % for the quarter that ended in May. 2026 was 28.71%. It is also linked to ROA % through Du Pont Formula. First Brothers Co's annualized ROA % for the quarter that ended in May. 2026 was 8.87%.


First Brothers Co  (TSE:3454) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

First Brothers Co's annulized ROE % for the quarter that ended in May. 2026 is

ROE %**(Q: May. 2026 )
=Net Income/Total Stockholders Equity
=7784.532/27113.9575
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7784.532 / 26840.976)*(26840.976 / 87761.7055)*(87761.7055/ 27113.9575)
=Net Margin %*Asset Turnover*Equity Multiplier
=29 %*0.3058*3.2368
=ROA %*Equity Multiplier
=8.87 %*3.2368
=28.71 %

Note: The Net Income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

First Brothers Co's annulized ROA % for the quarter that ended in May. 2026 is

ROA %(Q: May. 2026 )
=Net Income/Total Assets
=7784.532/87761.7055
=(Net Income / Revenue)*(Revenue / Total Assets)
=(7784.532 / 26840.976)*(26840.976 / 87761.7055)
=Net Margin %*Asset Turnover
=29 %*0.3058
=8.87 %

Note: The Net Income data used here is four times the quarterly (May. 2026) net income data. The Revenue data used here is four times the quarterly (May. 2026) revenue data.

* 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


First Brothers Co Asset Turnover Related Terms


First Brothers Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for First Brothers Co's Asset Turnover 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.

First Brothers Co Asset Turnover Chart

First Brothers Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.17 0.25 0.19 0.21

First Brothers Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.06 0.10 0.04 0.08

TSE:3454 vs BLK, BX, KKR: Asset Turnover Comparison

For the Asset Management subindustry, First Brothers Co's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


First Brothers Co Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, First Brothers Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where First Brothers Co's Asset Turnover falls into.


TSE:3454
65GF Score
First Brothers Co Ltd TSE:3454
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Brothers Co Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

First Brothers Co's Asset Turnover for the fiscal year that ended in Nov. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2025 )/( (Total Assets (A: Nov. 2024 )+Total Assets (A: Nov. 2025 ))/ count )
=19063.701/( (89141.585+89832.918)/ 2 )
=19063.701/89487.2515
=0.21

First Brothers Co's Asset Turnover for the quarter that ended in May. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2026 )/( (Total Assets (Q: Feb. 2026 )+Total Assets (Q: May. 2026 ))/ count )
=6710.244/( (87189.581+88333.83)/ 2 )
=6710.244/87761.7055
=0.08

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.08 mean?
First Brothers Co (TSE:3454) has a Asset Turnover of 0.08 as of May. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on First Brothers Co and its competitors.
Is First Brothers Co's Asset Turnover too high?
First Brothers Co's current Asset Turnover is 0.08. Overall, First Brothers Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's Asset Turnover compare to BLK and BX?
First Brothers Co's Asset Turnover of 0.08 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Asset Management company?
A good Asset Turnover depends on the Asset Management industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on First Brothers Co and its competitors. First Brothers Co's current Asset Turnover is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,541.44, compared to a current price of 円1,277.00 — trading 17.2% below its estimated fair value. The current Asset Turnover is 0.08. First Brothers Co's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For First Brothers Co (TSE:3454), the current Asset Turnover is 0.08 as of May. 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 First Brothers Co (TSE:3454) Overvalued in 2026?

Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued. The current stock price of 円1,277.00 is trading 17.2% below its estimated GF Value™ of 円1,541.44. GuruFocus considers First Brothers Co to be Modestly Undervalued.

Key valuation signals for TSE:3454:

  • Asset Turnover: 0.08
  • GF Value™: 円1,541.44 vs. price of 円1,277.00 (17.2% below fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Brothers Co Business Description

Address 2-4-1 Marunouchi, 25th Floor, Marunouchi Building, Chiyoda-ku, Tokyo, JPN, 100-6325
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
65GF Score

Get the complete analysis for TSE:3454

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,277.00
Price
円1,541.44
GF Value