Toho Gas CoNGO:9533 74 Net Margin % is 3.98% as of Mar. 2026, which is 1% below its 10-year median of 4.04. GuruFocus rates NGO:9533 with a GF Score™ of 74/100 and a GF Value™ of 円1,236.02. The stock has 3 warning signs investors should review. Among 501 Utilities - Regulated companies, Toho Gas Co ranks worse than 67.66% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Toho Gas Co's Net Income for the
three
months ended in Mar. 2026 was 円7,392 Mil. Toho Gas Co's Revenue for the
three
months ended in Mar. 2026 was 円185,678 Mil. Therefore, Toho Gas Co's net margin for the quarter that ended in Mar. 2026 was 3.98%.
The historical rank and industry rank for Toho Gas Co's Net Margin % or its related term are showing as below:
NGO:9533'
s Net Margin % Range Over the Past 10 Years
Min: 1.98 Med: 4.04 Max: 4.83
Current: 4.83
NGO:9533's Net Margin % is ranked worse than 67.66% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs NGO:9533: 4.83
Toho Gas Co (NGO:9533) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Toho Gas Co Net Margin % Related Terms
Toho Gas Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Toho Gas Co's Net 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.
For the Utilities - Regulated Gas subindustry, Toho Gas Co's Net Margin %, along with its competitors' market caps and Net 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.
Toho Gas Co Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Toho Gas Co's Net 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.
Toho Gas Co (NGO:9533) has a Net Margin % of 3.98% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Toho Gas Co and its competitors. This is near median its historical median of 4.04. Over the past decade, Toho Gas Co's Net Margin % has ranged from 1.98 to 4.83. According to the industry distribution chart, Toho Gas Co ranks #339 out of 501 companies in the Utilities - Regulated industry, placing it in the top 67.7%.
Is Toho Gas Co's Net Margin % too high?
Toho Gas Co's current Net Margin % of 3.98% is near median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 4.83. The Utilities - Regulated industry median Net Margin % is 8.80. Toho Gas Co's value of 3.98% is 54.8% below this industry median. Based on the distribution chart, Toho Gas Co ranks #339 out of 501 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Toho Gas Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Toho Gas Co's Net Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Toho Gas Co ranks #339 out of 501 companies for Net Margin %. This places Toho Gas Co in the lower half of its industry. The industry median Net Margin % is 8.80. Toho Gas Co's value of 3.98% is 54.8% below this benchmark. Historically, Toho Gas Co's own Net Margin % has ranged from 1.98 to 4.83 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 8.80, Toho Gas Co has consistently been below 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 Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.80, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toho Gas Co's current Net Margin % of 3.98% is 54.8% below 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Toho Gas Co and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Gas Co's current Net Margin % is 3.98%, which is near median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Gas Co stock overvalued right now?
Toho Gas Co (NGO:9533) has a current Net Margin % of 3.98%. The stock's GF Value™ is 円1,236.02, compared to a current price of 円1,296.00 — trading 4.9% above its estimated fair value. The current Net Margin % is 3.98%, which is near median its 10-year median of 4.04 and 54.8% below the Utilities - Regulated industry median of 8.80. Toho Gas Co's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Toho Gas Co (NGO:9533), the current Net Margin % is 3.98% 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 Toho Gas Co (NGO:9533) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Gas Co stock appears to be overvalued.
The current stock price of 円1,296.00 is trading 4.9% above its estimated GF Value™ of 円1,236.02.
Key valuation signals for NGO:9533:
Net Margin %: 3.98% (near median its 10-year median of 4.04)
GF Value™: 円1,236.02 vs. price of 円1,296.00 (4.9% above fair value)
Industry Position: 54.8% below the Utilities - Regulated median (#339 of 501)
No single metric tells the full story. See the NGO:9533 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Gas Co Ltd is a Japan-based company engaged in the supply of energy and related services, including electricity, gas, and liquefied petroleum gas (LPG). The company operates in three business segments. The Electricity segment engages in the sale of electricity. The Gas segment handles the manufacture and sale of gas, gas appliances, consignment supply, and plumbing work. The LPG and Other Energies segment covers the sale of LPG, related equipment, natural gas, heat supply, and coke. The Others segment includes contract processing, real estate management, and other ancillary businesses. It generates the majority of its revenue from the Gas segment.
74GF Score
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