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ToenecTSE:1946 -4.66%74 Current Ratio is 1.61 as of Mar. 2026, which is at its 10-year median of 1.61. GuruFocus rates TSE:1946 with a GF Score™ of 74/100 and a GF Value™ of 円1,107.05 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,784 Construction companies, Toenec ranks better than 51.91% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Toenec's current ratio for the quarter that ended in Mar. 2026 was 1.61.
Toenec has a current ratio of 1.61. It generally indicates good short-term financial strength.
The historical rank and industry rank for Toenec's Current Ratio or its related term are showing as below:
TSE:1946'
s Current Ratio Range Over the Past 10 Years
Min: 1.2 Med: 1.61 Max: 1.75
Current: 1.61
During the past 13 years, Toenec's highest Current Ratio was 1.75. The lowest was 1.20. And the median was 1.61.
TSE:1946's Current Ratio is ranked better than 51.91% of 1784
companies
in the Construction industry
Industry Median: 1.58
vs TSE:1946: 1.61
Toenec (TSE:1946) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Toenec Current Ratio Related Terms
Toenec Current Ratio Historical Data
* Premium members only.
The historical data trend for Toenec's Current Ratio 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.
TSE:1946 vs PWR, FIX, EME: Current Ratio Comparison
For the Engineering & Construction subindustry, Toenec's Current Ratio, along with its competitors' market caps and Current Ratio 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.
Toenec Current Ratio vs Construction Industry
For the Construction industry and Industrials sector, Toenec's Current Ratio distribution charts can be found below:
* The bar in red indicates where Toenec's Current Ratio 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.
Toenec (TSE:1946) has a Current Ratio of 1.61 as of Mar. 2026. This is near median its historical median of 1.61. Over the past decade, Toenec's Current Ratio has ranged from 1.20 to 1.75. According to the industry distribution chart, Toenec ranks #858 out of 1784 companies in the Construction industry, placing it in the top 48.1%.
Is Toenec's Current Ratio too high?
Toenec's current Current Ratio of 1.61 is near median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 1.75. The Construction industry median Current Ratio is 1.58. Toenec's value of 1.61 is 1.9% above this industry median. Based on the distribution chart, Toenec ranks #858 out of 1784 companies in the Construction industry, which is above the industry midpoint. Overall, Toenec has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toenec's Current Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Toenec ranks #858 out of 1784 companies for Current Ratio. This puts Toenec in the upper half of its industry. The industry median Current Ratio is 1.58. Toenec's value of 1.61 is 1.9% above this benchmark. Historically, Toenec's own Current Ratio has ranged from 1.20 to 1.75 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 1.58, Toenec 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 Current Ratio for a Construction company?
The median Current Ratio among Construction companies is 1.58, based on 1,784 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toenec's current Current Ratio of 1.61 is 1.9% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median Current Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toenec's current Current Ratio is 1.61, which is near median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toenec stock overvalued right now?
Based on GuruFocus' analysis, Toenec (TSE:1946) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,107.05, compared to a current price of 円2,085.00 — trading 88.3% above its estimated fair value. The current Current Ratio is 1.61, which is near median its 10-year median of 1.61 and 1.9% above the Construction industry median of 1.58. Toenec's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Toenec (TSE:1946), the current Current Ratio is 1.61 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 Toenec (TSE:1946) Overvalued in 2026?
Based on GuruFocus' analysis, Toenec stock appears to be overvalued.
The current stock price of 円2,085.00 is trading 88.3% above its estimated GF Value™ of 円1,107.05.
GuruFocus considers Toenec to be Significantly Overvalued.
Key valuation signals for TSE:1946:
Current Ratio: 1.61 (near median its 10-year median of 1.61)
GF Value™: 円1,107.05 vs. price of 円2,085.00 (88.3% above fair value)
Industry Position: 1.9% above the Construction median (#858 of 1784)
No single metric tells the full story. See the TSE:1946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toenec Corp provides engineering and construction services. The company's services include electrical and communications construction, pipe-laying, fire-control system construction, construction and building works, scaffolding, earthworks, and concrete works, road surfacing, painting, waterproofing work, waterworks, steel-structure construction, machinery and tool installation, interior finishing work, cleaning-facility construction, the power generation business, and electrical communication construction. It provides surveying, design, supervision, maintenance, and consultation, research, planning, development services. The company also provides ordinary freight vehicles and dispatching of manpower needed for its services. It also sells, leases and manages real estate properties.
74GF Score
Get the complete analysis for TSE:1946
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