Obermatt

Tokyo Gas

TYO:9531 · JP3573000001
Gas UtilitiesLarge

360

95
EV / EBIT47
Price / Owner Earnings37
Owner Earnings Yield100
Dividend Yield31
Price/Sales54
EV / Gross Profit84
Price/Book54
Return on Capital53
Cash Return on Capital98
Return on Equity81
EBIT Margin13
Gross Profitability75
Cash Conversion41
Accruals82
Owner Earnings Margin94
Sales growth80
Profit Growth75
Long-Term EPS Growth3
Reinvestment78
Price momentum73
Debt load56
Refinancing86
Debt Payback85
Liquidity78
Analyst ratings23
Opinion Changes50
Price Target Upside33
Market mood53
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Tokyo Gas clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryJapan
IndustryGas Utilities
SizeLarge
TypePublic Company
ExchangeTSE
Founded1885
Employees116
ISINJP3573000001
Last UpdateApr 2, 2026
Themes
Onshore and Offshore WindClean EnergyEnergy ManagementSmart EnergyPower GridEnergy EfficiencyBiomass EnergyEnergyOil and Gas

Description

Tokyo Gas Co.,Ltd. operates as a leading company in the energy sector, primarily focusing on the production and supply of city gas. The company is committed to adapting to the dynamic energy landscape influenced by technological advancements, environ…

Analysis

Quality compounder

Tokyo Gas Co.,Ltd. is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is attractive. You pay 5.9× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -11% yearly growth; analysts expect -6%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 10/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
100
2023202420252026

All-time high

100

Jun 2026

All-time low

26

Jan 2025

Average rank

65

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
54
57
68
67
Price/Earnings
63
33
55
55
Price/Book
54
42
62
61
Dividend Yield
31
10
24
39
Value (overall)
41
15
41
47

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →