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TokenTSE:1766 +0.16%76 Net Margin % is 4.23% as of Jan. 2026, which is 28% above its 10-year median of 3.30. GuruFocus rates TSE:1766 with a GF Score™ of 76/100 and a GF Value™ of 円13,589.55 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,754 Real Estate companies, Token ranks worse than 60.26% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Token's Net Income for the
three
months ended in Jan. 2026 was 円4,046 Mil. Token's Revenue for the
three
months ended in Jan. 2026 was 円95,611 Mil. Therefore, Token's net margin for the quarter that ended in Jan. 2026 was 4.23%.
The historical rank and industry rank for Token's Net Margin % or its related term are showing as below:
TSE:1766'
s Net Margin % Range Over the Past 10 Years
Min: 1.65 Med: 3.3 Max: 4.3
Current: 4.18
TSE:1766's Net Margin % is ranked worse than 60.26% of 1754
companies
in the Real Estate industry
Industry Median: 8.14
vs TSE:1766: 4.18
Token (TSE:1766) 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.
Token Net Margin % Related Terms
Token Net Margin % Historical Data
* Premium members only.
The historical data trend for Token'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.
TSE:1766 vs CBRE, BEKE, JLL: Net Margin % Comparison
For the Real Estate Services subindustry, Token'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.
Token Net Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Token's Net Margin % distribution charts can be found below:
* The bar in red indicates where Token'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.
Token (TSE:1766) has a Net Margin % of 4.23% as of Jan. 2026. Net margin is the ratio of total net income to net sales. View historical data on Token and its competitors. This is 28% above median its historical median of 3.30. Over the past decade, Token's Net Margin % has ranged from 1.65 to 4.30. According to the industry distribution chart, Token ranks #1057 out of 1754 companies in the Real Estate industry, placing it in the top 60.3%.
Is Token's Net Margin % too high?
Token's current Net Margin % of 4.23% is 28% above median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 4.30. The Real Estate industry median Net Margin % is 8.14. Token's value of 4.23% is 48% below this industry median. Based on the distribution chart, Token ranks #1057 out of 1754 companies in the Real Estate industry, which is below the industry midpoint. Overall, Token has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Token's Net Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Token ranks #1057 out of 1754 companies for Net Margin %. This places Token in the lower half of its industry. The industry median Net Margin % is 8.14. Token's value of 4.23% is 48% below this benchmark. Historically, Token's own Net Margin % has ranged from 1.65 to 4.30 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 8.14, Token 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 a Real Estate company?
The median Net Margin % among Real Estate companies is 8.14, based on 1,754 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. Token's current Net Margin % of 4.23% is 48% 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 Token and its competitors. For the Real Estate industry, the median Net Margin % is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Token's current Net Margin % is 4.23%, which is 28% above median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Token stock overvalued right now?
Based on GuruFocus' analysis, Token (TSE:1766) is currently considered Fairly Valued. The stock's GF Value™ is 円13,589.55, compared to a current price of 円12,910.00 — trading 5% below its estimated fair value. The current Net Margin % is 4.23%, which is 28% above median its 10-year median of 3.30 and 48% below the Real Estate industry median of 8.14. Token's overall GF Score™ is 76/100 with 1 warning sign 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 Token (TSE:1766), the current Net Margin % is 4.23% as of Jan. 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 Token (TSE:1766) Overvalued in 2026?
Based on GuruFocus' analysis, Token stock appears to be undervalued.
The current stock price of 円12,910.00 is trading 5% below its estimated GF Value™ of 円13,589.55.
GuruFocus considers Token to be Fairly Valued.
Key valuation signals for TSE:1766:
Net Margin %: 4.23% (28% above median its 10-year median of 3.30)
GF Value™: 円13,589.55 vs. price of 円12,910.00 (5% below fair value)
Industry Position: 48% below the Real Estate median (#1057 of 1754)
No single metric tells the full story. See the TSE:1766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Token Corp is a real estate company focused on construction and leasing of commercial and residential buildings. The company organises itself into three segments: construction, real estate leasing, and other. The construction segment, which generates approximately half of the company's revenue, constructs residential and commercial buildings. The real estate segment, which generates almost half of the company's revenue, leases real estate assets. The company is headquartered in Japan, and derives the majority of revenue domestically.
76GF Score
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