Toenec (TSE:1946) Margin of Safety % (DCF Earnings Based): 23.34% (As of Jul. 14, 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1946 Toenec Corp TSE:1946
74 GF Score
Price 円2,085.00
GF Value 円1,107.05
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Toenec Margin of Safety % (DCF Earnings Based)?

Toenec TSE:1946 -4.66% 74 Margin of Safety % (DCF Earnings Based) is 23.34% as of Jul. 14, 2026. 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.

Margin of Safety % (DCF Earnings Based) = (Intrinsic Value: DCF (Earnings Based) - Current Price) / Intrinsic Value: DCF (Earnings Based).

Note: Discounted Earnings model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's Predictability Rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

As of today (2026-07-14), Toenec's Predictability Rank is 3-Stars. Toenec's intrinsic value calculated from the Discounted Earnings model is 円2719.77 and current share price is 円2085.00. Consequently,

Toenec's Margin of Safety % (DCF Earnings Based) using Discounted Earnings model is 23.34%.

TSE:1946 vs PWR, FIX, EME: Margin of Safety % (DCF Earnings Based) Comparison

For the Engineering & Construction subindustry, Toenec's Margin of Safety % (DCF Earnings Based), along with its competitors' market caps and Margin of Safety % (DCF Earnings Based) 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 Margin of Safety % (DCF Earnings Based) vs Construction Industry

For the Construction industry and Industrials sector, Toenec's Margin of Safety % (DCF Earnings Based) distribution charts can be found below:

* The bar in red indicates where Toenec's Margin of Safety % (DCF Earnings Based) falls into.


TSE:1946
74GF Score
Toenec Corp TSE:1946
Margin of Safety % (DCF Earnings Based) is just one metric. See GF Score™, valuation, warning signs, and more.
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Toenec Margin of Safety % (DCF Earnings Based) Calculation

Toenec's Margin of Safety % (DCF Earnings Based) for today is calculated as

Margin of Safety % (DCF Earnings Based)=(Intrinsic Value: DCF (Earnings Based)-Current Price)/Intrinsic Value: DCF (Earnings Based)
=(2719.77-2085.00)/2719.77
=23.34 %

* 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.

The intrinsic value is calculated from the Discounted Earnings model with default parameters. The calculation method is the same as Discounted Cash Flow model except earnings are used in the calculation instead of free cash flow.

What does a Margin of Safety % (DCF Earnings Based) of 23.34% mean?
Toenec (TSE:1946) has a Margin of Safety % (DCF Earnings Based) of 23.34% as of Jul. 14, 2026. Margin of Safety % (DCF Earnings Based) is the percent difference between the current price and the intrinsic DCF Earnings price. View historical data on Toenec.
Is Toenec's Margin of Safety % (DCF Earnings Based) too high?
Toenec's current Margin of Safety % (DCF Earnings Based) is 23.34%. 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 Margin of Safety % (DCF Earnings Based) compare to PWR and FIX?
Toenec's Margin of Safety % (DCF Earnings Based) of 23.34% can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Margin of Safety % (DCF Earnings Based) for a Construction company?
A good Margin of Safety % (DCF Earnings Based) depends on the Construction industry context. However, Margin of Safety % (DCF Earnings Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Margin of Safety % (DCF Earnings Based) mean?
A high Margin of Safety % (DCF Earnings Based) can signal that a stock is expensive relative to its fundamentals. Margin of Safety % (DCF Earnings Based) is the percent difference between the current price and the intrinsic DCF Earnings price. View historical data on Toenec. Toenec's current Margin of Safety % (DCF Earnings Based) is 23.34%. 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 Margin of Safety % (DCF Earnings Based) is 23.34%. 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 Margin of Safety % (DCF Earnings Based) calculated?
Margin of Safety % (DCF Earnings Based) is calculated from a company's financial statements. For Toenec (TSE:1946), the current Margin of Safety % (DCF Earnings Based) is 23.34% as of Jul. 14, 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:

  • Margin of Safety % (DCF Earnings Based): 23.34%
  • GF Value™: 円1,107.05 vs. price of 円2,085.00 (88.3% above fair value)
  • GF Score™: 74/100 with 2 warning signs

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 Business Description

Address 20-31, Sakae 1-chome, Naka-ku, Aichi, Nagoya, JPN, 460-0008
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

Margin of Safety % (DCF Earnings Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,085.00
Price
円1,107.05
GF Value