TOCALO CoTSE:3433 +4.47%91 Gross Margin % is 41.46% as of Mar. 2026, which is 13% above its 10-year median of 36.73. GuruFocus rates TSE:3433 with a GF Score™ of 91/100 and a GF Value™ of 円2,216.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,007 Business Services companies, TOCALO Co ranks better than 56.6% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. TOCALO Co's Gross Profit for the
three
months ended in Mar. 2026 was 円6,579 Mil. TOCALO Co's Revenue for the
three
months ended in Mar. 2026 was 円15,869 Mil. Therefore, TOCALO Co's Gross Margin % for the quarter that ended in Mar. 2026 was 41.46%.
The historical rank and industry rank for TOCALO Co's Gross Margin % or its related term are showing as below:
TSE:3433'
s Gross Margin % Range Over the Past 10 Years
Min: 33.72 Med: 36.73 Max: 38.6
Current: 38.6
During the past 13 years, the highestGross Margin % of TOCALO Co was 38.60%. The lowest was 33.72%. And the median was 36.73%.
TSE:3433's Gross Margin % is ranked better than 56.6% of 1007
companies
in the Business Services industry
Industry Median: 34.5
vs TSE:3433: 38.60
TOCALO Co had a gross margin of 41.46% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for TOCALO Co was 0.10% per year.
TOCALO Co (TSE:3433) 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
TOCALO Co had a gross margin of 41.46% for the quarter that ended in Mar. 2026 => Durable 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.
TOCALO Co Gross Margin % Related Terms
TOCALO Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for TOCALO Co'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:3433 vs CTAS, CPRT, ULS: Gross Margin % Comparison
For the Specialty Business Services subindustry, TOCALO Co'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.
TOCALO Co Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, TOCALO Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TOCALO Co'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.
TOCALO Co (TSE:3433) has a Gross Margin % of 41.46% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TOCALO Co and its competitors. This is 13% above median its historical median of 36.73. Over the past decade, TOCALO Co's Gross Margin % has ranged from 33.72 to 38.60. According to the industry distribution chart, TOCALO Co ranks #437 out of 1007 companies in the Business Services industry, placing it in the top 43.4%.
Is TOCALO Co's Gross Margin % too high?
TOCALO Co's current Gross Margin % of 41.46% is 13% above median its 10-year median of 36.73. Over the past 10 years, this metric has ranged from a low of 33.72 to a high of 38.60. The Business Services industry median Gross Margin % is 34.50. TOCALO Co's value of 41.46% is 20.2% above this industry median. Based on the distribution chart, TOCALO Co ranks #437 out of 1007 companies in the Business Services industry, which is above the industry midpoint. Overall, TOCALO Co has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOCALO Co's Gross Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TOCALO Co ranks #437 out of 1007 companies for Gross Margin %. This puts TOCALO Co in the upper half of its industry. The industry median Gross Margin % is 34.50. TOCALO Co's value of 41.46% is 20.2% above this benchmark. Historically, TOCALO Co's own Gross Margin % has ranged from 33.72 to 38.60 over the past decade. While the company's 10-year median is 36.73 vs. the industry median of 34.50, TOCALO Co 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 Gross Margin % for a Business Services company?
The median Gross Margin % among Business Services companies is 34.50, based on 1,007 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. TOCALO Co's current Gross Margin % of 41.46% is 20.2% 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 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 TOCALO Co and its competitors. For the Business Services industry, the median Gross Margin % is 34.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOCALO Co's current Gross Margin % is 41.46%, which is 13% above median its own 10-year median of 36.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOCALO Co stock overvalued right now?
Based on GuruFocus' analysis, TOCALO Co (TSE:3433) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,216.14, compared to a current price of 円3,390.00 — trading 53% above its estimated fair value. The current Gross Margin % is 41.46%, which is 13% above median its 10-year median of 36.73 and 20.2% above the Business Services industry median of 34.50. TOCALO Co's overall GF Score™ is 91/100 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 TOCALO Co (TSE:3433), the current Gross Margin % is 41.46% 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 TOCALO Co (TSE:3433) Overvalued in 2026?
Based on GuruFocus' analysis, TOCALO Co stock appears to be overvalued.
The current stock price of 円3,390.00 is trading 53% above its estimated GF Value™ of 円2,216.14.
GuruFocus considers TOCALO Co to be Significantly Overvalued.
Key valuation signals for TSE:3433:
Gross Margin %: 41.46% (13% above median its 10-year median of 36.73)
GF Value™: 円2,216.14 vs. price of 円3,390.00 (53% above fair value)
Industry Position: 20.2% above the Business Services median (#437 of 1007)
No single metric tells the full story. See the TSE:3433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.
91GF Score
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