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TokenTSE:1766 +0.16%76 Gross Margin % is 16.73% as of Jan. 2026, which is 3% below its 10-year median of 17.29. GuruFocus rates TSE:1766 with a GF Score™ of 76/100 and a GF Value™ of 円13,589.55 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,641 Real Estate companies, Token ranks worse than 80.62% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Token's Gross Profit for the
three
months ended in Jan. 2026 was 円15,997 Mil. Token's Revenue for the
three
months ended in Jan. 2026 was 円95,611 Mil. Therefore, Token's Gross Margin % for the quarter that ended in Jan. 2026 was 16.73%.
The historical rank and industry rank for Token's Gross Margin % or its related term are showing as below:
TSE:1766'
s Gross Margin % Range Over the Past 10 Years
Min: 14.1 Med: 17.29 Max: 20.56
Current: 17.26
During the past 13 years, the highestGross Margin % of Token was 20.56%. The lowest was 14.10%. And the median was 17.29%.
TSE:1766's Gross Margin % is ranked worse than 80.62% of 1641
companies
in the Real Estate industry
Industry Median: 36.95
vs TSE:1766: 17.26
Token had a gross margin of 16.73% for the quarter that ended in Jan. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Token was 1.30% per year.
Token (TSE:1766) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Token had a gross margin of 16.73% for the quarter that ended in Jan. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Token Gross Margin % Related Terms
Token Gross Margin % Historical Data
* Premium members only.
The historical data trend for Token's Gross Margin % 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:1766 vs CBRE, BEKE, JLL: Gross Margin % Comparison
For the Real Estate Services subindustry, Token's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
Token Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Token's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Token's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Token (TSE:1766) has a Gross Margin % of 16.73% as of Jan. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Token and its competitors. This is near median its historical median of 17.29. Over the past decade, Token's Gross Margin % has ranged from 14.10 to 20.56. According to the industry distribution chart, Token ranks #1323 out of 1641 companies in the Real Estate industry, placing it in the top 80.6%.
Is Token's Gross Margin % too high?
Token's current Gross Margin % of 16.73% is near median its 10-year median of 17.29. Over the past 10 years, this metric has ranged from a low of 14.10 to a high of 20.56. The Real Estate industry median Gross Margin % is 36.95. Token's value of 16.73% is 54.7% below this industry median. Based on the distribution chart, Token ranks #1323 out of 1641 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Token has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Token's Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Token ranks #1323 out of 1641 companies for Gross Margin %. This places Token in the lower half of its industry. The industry median Gross Margin % is 36.95. Token's value of 16.73% is 54.7% below this benchmark. Historically, Token's own Gross Margin % has ranged from 14.10 to 20.56 over the past decade. While the company's 10-year median is 17.29 vs. the industry median of 36.95, Token has consistently been below 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 Gross Margin % for a Real Estate company?
The median Gross Margin % among Real Estate companies is 36.95, based on 1,641 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Token's current Gross Margin % of 16.73% is 54.7% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Token and its competitors. For the Real Estate industry, the median Gross Margin % is 36.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Token's current Gross Margin % is 16.73%, which is near median its own 10-year median of 17.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Token stock overvalued right now?
Based on GuruFocus' analysis, Token (TSE:1766) is currently considered Fairly Valued. The stock's GF Value™ is 円13,589.55, compared to a current price of 円12,910.00 — trading 5% below its estimated fair value. The current Gross Margin % is 16.73%, which is near median its 10-year median of 17.29 and 54.7% below the Real Estate industry median of 36.95. Token's overall GF Score™ is 76/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Token (TSE:1766), the current Gross Margin % is 16.73% as of Jan. 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 Token (TSE:1766) Overvalued in 2026?
Based on GuruFocus' analysis, Token stock appears to be undervalued.
The current stock price of 円12,910.00 is trading 5% below its estimated GF Value™ of 円13,589.55.
GuruFocus considers Token to be Fairly Valued.
Key valuation signals for TSE:1766:
Gross Margin %: 16.73% (near median its 10-year median of 17.29)
GF Value™: 円13,589.55 vs. price of 円12,910.00 (5% below fair value)
Industry Position: 54.7% below the Real Estate median (#1323 of 1641)
No single metric tells the full story. See the TSE:1766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Token Corp is a real estate company focused on construction and leasing of commercial and residential buildings. The company organises itself into three segments: construction, real estate leasing, and other. The construction segment, which generates approximately half of the company's revenue, constructs residential and commercial buildings. The real estate segment, which generates almost half of the company's revenue, leases real estate assets. The company is headquartered in Japan, and derives the majority of revenue domestically.
76GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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