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ToenecTSE:1946 -4.66%74 Market Cap is 円193,557 Mil 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. Among 1,808 Construction companies, Toenec ranks better than 84.62% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Toenec's share price for the quarter that ended in Mar. 2026 was 円1987. Toenec's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 93 Mil. Therefore, Toenec's market cap for the quarter that ended in Mar. 2026 was 円184,459 Mil.
Toenec's quarterly market cap
increased
from Sep. 2025 (円129,781 Mil) to Dec. 2025 (円180,003 Mil) and
increased
from Dec. 2025 (円180,003 Mil) to Mar. 2026 (円184,459 Mil).
Toenec's annual market cap
declined
from Mar. 2024 (円107,709 Mil) to Mar. 2025 (円89,844 Mil) but then
increased
from Mar. 2025 (円89,844 Mil) to Mar. 2026 (円184,459 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Toenec's Enterprise Value for Today is 円229,548 Mil.
Toenec (TSE:1946) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Toenec Market Cap Related Terms
Toenec Market Cap Historical Data
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The historical data trend for Toenec's Market Cap 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.
For the Engineering & Construction subindustry, Toenec's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Construction Industry
For the Construction industry and Industrials sector, Toenec's Market Cap distribution charts can be found below:
* The bar in red indicates where Toenec's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Toenec's Market Cap for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Toenec (TSE:1946) has a Market Cap of 円193,557 Mil as of Jul. 14, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Toenec and its competitors. According to the industry distribution chart, Toenec ranks #278 out of 1808 companies in the Construction industry, placing it in the top 15.4%.
Is Toenec's Market Cap too high?
Toenec's current Market Cap is 円193,557 Mil. Based on the distribution chart, Toenec ranks #278 out of 1808 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. 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 Market Cap compare to PWR and FIX?
According to the Construction industry distribution chart, Toenec ranks #278 out of 1808 companies for Market Cap. This places Toenec in the top 15% of its industry — outperforming the majority of peers. The industry median Market Cap is 118.77. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Construction company?
The median Market Cap among Construction companies is 118.77, based on 1,808 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Toenec and its competitors. For the Construction industry, the median Market Cap is 118.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toenec's current Market Cap is 円193,557 Mil. 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 Market Cap is 円193,557 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Toenec (TSE:1946), the current Market Cap is 円193,557 Mil 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:
Market Cap: 円193,557 Mil
GF Value™: 円1,107.05 vs. price of 円2,085.00 (88.3% above fair value)
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 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
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