Toyota is far stronger financially than people realize and best in class among automakers, setting it up to re-rate. Net financial assets and investments equal 30% or more of its market cap, it trades at 10x earnings and 1x tangible book with a dividend above 3%, and it is buying back shares aggressively. Like a once low-multiple steel company that kept buying back stock and re-rated as best in class, Toyota stands apart from rivals with crumbling balance sheets. x.com x.com x.com x.comÂ

