Nittoc Construction CoTSE:1929 +0.18%79 Interest Coverage is 1,008.25 as of Mar. 2026, which is 88% above its 10-year median of 537.30. GuruFocus rates TSE:1929 with a GF Score™ of 79/100 and a GF Value™ of 円1,280.72 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,349 Construction companies, Nittoc Construction Co ranks better than 93.77% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Nittoc Construction Co's
Operating Income
for the
six
months ended in Mar. 2026 was 円4,033 Mil. Nittoc Construction Co's Interest Expense for the
six
months ended in Mar. 2026 was 円-4 Mil.
Nittoc Construction Co's interest coverage for the quarter that ended in Mar. 2026 was 1,008.25.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Nittoc Construction Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Nittoc Construction Co's Interest Coverage or its related term are showing as below:
TSE:1929'
s Interest Coverage Range Over the Past 10 Years
Min: 256.25 Med: 537.3 Max: 1839.5
Current: 529.82
TSE:1929's Interest Coverage is ranked better than 93.77% of 1349
companies
in the Construction industry
Industry Median: 7.94
vs TSE:1929: 529.82
Nittoc Construction Co (TSE:1929) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Nittoc Construction Co Interest Coverage Related Terms
Nittoc Construction Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Nittoc Construction Co's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
TSE:1929 vs PWR, FIX, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, Nittoc Construction Co's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Nittoc Construction Co Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Nittoc Construction Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nittoc Construction Co's Interest Coverage falls into.
Nittoc Construction Co Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Nittoc Construction Co (TSE:1929) has a Interest Coverage of 1,008.25 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nittoc Construction Co and its competitors. This is 88% above median its historical median of 537.30. Over the past decade, Nittoc Construction Co's Interest Coverage has ranged from 256.25 to 1,839.50. According to the industry distribution chart, Nittoc Construction Co ranks #84 out of 1349 companies in the Construction industry, placing it in the top 6.2%.
Is Nittoc Construction Co's Interest Coverage too high?
Nittoc Construction Co's current Interest Coverage of 1,008.25 is 88% above median its 10-year median of 537.30. Over the past 10 years, this metric has ranged from a low of 256.25 to a high of 1,839.50. The Construction industry median Interest Coverage is 7.94. Nittoc Construction Co's value of 1,008.25 is 12598.4% above this industry median. Based on the distribution chart, Nittoc Construction Co ranks #84 out of 1349 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nittoc Construction Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nittoc Construction Co's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Nittoc Construction Co ranks #84 out of 1349 companies for Interest Coverage. This places Nittoc Construction Co in the top 6% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.94. Nittoc Construction Co's value of 1,008.25 is 12598.4% above this benchmark. Historically, Nittoc Construction Co's own Interest Coverage has ranged from 256.25 to 1,839.50 over the past decade. While the company's 10-year median is 537.30 vs. the industry median of 7.94, Nittoc Construction 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 Interest Coverage for a Construction company?
The median Interest Coverage among Construction companies is 7.94, based on 1,349 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nittoc Construction Co's current Interest Coverage of 1,008.25 is 12598.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nittoc Construction Co and its competitors. For the Construction industry, the median Interest Coverage is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nittoc Construction Co's current Interest Coverage is 1,008.25, which is 88% above median its own 10-year median of 537.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nittoc Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Nittoc Construction Co (TSE:1929) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,280.72, compared to a current price of 円1,102.00 — trading 14% below its estimated fair value. The current Interest Coverage is 1,008.25, which is 88% above median its 10-year median of 537.30 and 12598.4% above the Construction industry median of 7.94. Nittoc Construction Co's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Nittoc Construction Co (TSE:1929), the current Interest Coverage is 1,008.25 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 Nittoc Construction Co (TSE:1929) Overvalued in 2026?
Based on GuruFocus' analysis, Nittoc Construction Co stock appears to be undervalued.
The current stock price of 円1,102.00 is trading 14% below its estimated GF Value™ of 円1,280.72.
GuruFocus considers Nittoc Construction Co to be Modestly Undervalued.
Key valuation signals for TSE:1929:
Interest Coverage: 1,008.25 (88% above median its 10-year median of 537.30)
GF Value™: 円1,280.72 vs. price of 円1,102.00 (14% below fair value)
Industry Position: 12598.4% above the Construction median (#84 of 1349)
No single metric tells the full story. See the TSE:1929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nittoc Construction Co Ltd is engaged in the construction business as well as several other business activities such as sales of merchandise and materials. Its services include Revegetation Works, Temporary Anchoring Works, Riverbank and Shoreline Embankment Protection, Slope Stabilization and Vegetation Works, Slope Protection, Landslide Mitigation Works, Rock Slope Failure Prevention, Ground Anchors and Anchored Systems, Retaining Walls Construction, and Structural Diagnostics.
79GF Score
Get the complete analysis for TSE:1929
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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