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Toa RoadTSE:1882 -0.31%67 Gross Margin % is 13.94% as of Mar. 2026, which is 22% above its 10-year median of 11.41. GuruFocus rates TSE:1882 with a GF Score™ of 67/100 and a GF Value™ of 円1,407.75 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,725 Construction companies, Toa Road ranks worse than 74.32% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Toa Road's Gross Profit for the
six
months ended in Mar. 2026 was 円9,742 Mil. Toa Road's Revenue for the
six
months ended in Mar. 2026 was 円69,868 Mil. Therefore, Toa Road's Gross Margin % for the quarter that ended in Mar. 2026 was 13.94%.
Warning Sign:
Toa Road Corp gross margin has been in long-term decline. The average rate of decline per year is -1.5%.
The historical rank and industry rank for Toa Road's Gross Margin % or its related term are showing as below:
TSE:1882'
s Gross Margin % Range Over the Past 10 Years
Min: 10.4 Med: 11.41 Max: 12.99
Current: 11.97
During the past 13 years, the highestGross Margin % of Toa Road was 12.99%. The lowest was 10.40%. And the median was 11.41%.
TSE:1882's Gross Margin % is ranked worse than 74.32% of 1725
companies
in the Construction industry
Industry Median: 20.7
vs TSE:1882: 11.97
Toa Road had a gross margin of 13.94% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Toa Road was -1.50% per year.
Toa Road (TSE:1882) 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
Toa Road had a gross margin of 13.94% for the quarter that ended in Mar. 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.
Toa Road Gross Margin % Related Terms
Toa Road Gross Margin % Historical Data
* Premium members only.
The historical data trend for Toa Road'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:1882 vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, Toa Road'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.
Toa Road Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Toa Road's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Toa Road'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.
Toa Road (TSE:1882) has a Gross Margin % of 13.94% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Toa Road and its competitors. This is 22% above median its historical median of 11.41. Over the past decade, Toa Road's Gross Margin % has ranged from 10.40 to 12.99. According to the industry distribution chart, Toa Road ranks #1282 out of 1725 companies in the Construction industry, placing it in the top 74.3%.
Is Toa Road's Gross Margin % too high?
Toa Road's current Gross Margin % of 13.94% is 22% above median its 10-year median of 11.41. Over the past 10 years, this metric has ranged from a low of 10.40 to a high of 12.99. The Construction industry median Gross Margin % is 20.70. Toa Road's value of 13.94% is 32.7% below this industry median. Based on the distribution chart, Toa Road ranks #1282 out of 1725 companies in the Construction industry, which is below the industry midpoint. Overall, Toa Road has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toa Road's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Toa Road ranks #1282 out of 1725 companies for Gross Margin %. This places Toa Road in the lower half of its industry. The industry median Gross Margin % is 20.70. Toa Road's value of 13.94% is 32.7% below this benchmark. Historically, Toa Road's own Gross Margin % has ranged from 10.40 to 12.99 over the past decade. While the company's 10-year median is 11.41 vs. the industry median of 20.70, Toa Road 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 Construction company?
The median Gross Margin % among Construction companies is 20.70, based on 1,725 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. Toa Road's current Gross Margin % of 13.94% is 32.7% 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 Toa Road and its competitors. For the Construction industry, the median Gross Margin % is 20.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toa Road's current Gross Margin % is 13.94%, which is 22% above median its own 10-year median of 11.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toa Road stock overvalued right now?
Based on GuruFocus' analysis, Toa Road (TSE:1882) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,407.75, compared to a current price of 円1,599.00 — trading 13.6% above its estimated fair value. The current Gross Margin % is 13.94%, which is 22% above median its 10-year median of 11.41 and 32.7% below the Construction industry median of 20.70. Toa Road's overall GF Score™ is 67/100 with 6 warning signs 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 Toa Road (TSE:1882), the current Gross Margin % is 13.94% 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 Toa Road (TSE:1882) Overvalued in 2026?
Based on GuruFocus' analysis, Toa Road stock appears to be overvalued.
The current stock price of 円1,599.00 is trading 13.6% above its estimated GF Value™ of 円1,407.75.
GuruFocus considers Toa Road to be Modestly Overvalued.
Key valuation signals for TSE:1882:
Gross Margin %: 13.94% (22% above median its 10-year median of 11.41)
GF Value™: 円1,407.75 vs. price of 円1,599.00 (13.6% above fair value)
Industry Position: 32.7% below the Construction median (#1282 of 1725)
No single metric tells the full story. See the TSE:1882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toa Road Corp provides construction services. It is focused on constructing road networks and transportation infrastructure including expressways and national roads. The company also develops and sells asphalt products and provides environmental solutions and consultancy services like road maintenance plans that integrate pavement maintenance techniques with asset management.
67GF 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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