Toenec (TSE:1946) Moat Score: 0/10 (As of Jul. 14, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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2,083.00
GF Value 円1,107.05
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Toenec Moat Score?

Toenec has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Toenec has

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Toenec might have No Moat - No discernible moat.

Toenec  (TSE:1946) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Toenec Moat Score Related Terms

TSE:1946
74GF Score
Toenec Corp TSE:1946
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Toenec (TSE:1946) Overvalued in 2026?

Based on GuruFocus' analysis, Toenec stock appears to be overvalued. The current stock price of 円2,083.00 is trading 88.2% above its estimated GF Value™ of 円1,107.05. GuruFocus considers Toenec to be Significantly Overvalued.

Key valuation signals for TSE:1946:

  • Moat Score: 0
  • GF Value™: 円1,107.05 vs. price of 円2,083.00 (88.2% 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

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,083.00
Price
円1,107.05
GF Value