TodaTSE:1860 -1.53%79 Net Margin % is 4.67% as of Mar. 2026, which is 1% above its 10-year median of 4.64. GuruFocus rates TSE:1860 with a GF Score™ of 79/100 and a GF Value™ of 円1,179.91 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,761 Construction companies, Toda ranks better than 63.37% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Toda's Net Income for the
three
months ended in Mar. 2026 was 円8,658 Mil. Toda's Revenue for the
three
months ended in Mar. 2026 was 円185,530 Mil. Therefore, Toda's net margin for the quarter that ended in Mar. 2026 was 4.67%.
The historical rank and industry rank for Toda's Net Margin % or its related term are showing as below:
TSE:1860'
s Net Margin % Range Over the Past 10 Years
Min: 2.01 Med: 4.64 Max: 9.96
Current: 5.73
TSE:1860's Net Margin % is ranked better than 63.37% of 1761
companies
in the Construction industry
Industry Median: 3.9
vs TSE:1860: 5.73
Toda (TSE:1860) 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.
Toda Net Margin % Related Terms
Toda Net Margin % Historical Data
* Premium members only.
The historical data trend for Toda'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:1860 vs PWR, FIX, EME: Net Margin % Comparison
For the Engineering & Construction subindustry, Toda'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.
Toda Net Margin % vs Construction Industry
For the Construction industry and Industrials sector, Toda's Net Margin % distribution charts can be found below:
* The bar in red indicates where Toda'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.
Toda (TSE:1860) has a Net Margin % of 4.67% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Toda and its competitors. This is near median its historical median of 4.64. Over the past decade, Toda's Net Margin % has ranged from 2.01 to 9.96. According to the industry distribution chart, Toda ranks #645 out of 1761 companies in the Construction industry, placing it in the top 36.6%.
Is Toda's Net Margin % too high?
Toda's current Net Margin % of 4.67% is near median its 10-year median of 4.64. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 9.96. The Construction industry median Net Margin % is 3.90. Toda's value of 4.67% is 19.7% above this industry median. Based on the distribution chart, Toda ranks #645 out of 1761 companies in the Construction industry, which is above the industry midpoint. Overall, Toda has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toda's Net Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Toda ranks #645 out of 1761 companies for Net Margin %. This puts Toda in the upper half of its industry. The industry median Net Margin % is 3.90. Toda's value of 4.67% is 19.7% above this benchmark. Historically, Toda's own Net Margin % has ranged from 2.01 to 9.96 over the past decade. While the company's 10-year median is 4.64 vs. the industry median of 3.90, Toda has consistently been above 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 Construction company?
The median Net Margin % among Construction companies is 3.90, based on 1,761 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. Toda's current Net Margin % of 4.67% is 19.7% above 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 Toda and its competitors. For the Construction industry, the median Net Margin % is 3.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toda's current Net Margin % is 4.67%, which is near median its own 10-year median of 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toda stock overvalued right now?
Based on GuruFocus' analysis, Toda (TSE:1860) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,179.91, compared to a current price of 円1,605.00 — trading 36% above its estimated fair value. The current Net Margin % is 4.67%, which is near median its 10-year median of 4.64 and 19.7% above the Construction industry median of 3.90. Toda's overall GF Score™ is 79/100 with 6 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 Toda (TSE:1860), the current Net Margin % is 4.67% 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 Toda (TSE:1860) Overvalued in 2026?
Based on GuruFocus' analysis, Toda stock appears to be overvalued.
The current stock price of 円1,605.00 is trading 36% above its estimated GF Value™ of 円1,179.91.
GuruFocus considers Toda to be Significantly Overvalued.
Key valuation signals for TSE:1860:
Net Margin %: 4.67% (near median its 10-year median of 4.64)
GF Value™: 円1,179.91 vs. price of 円1,605.00 (36% above fair value)
Industry Position: 19.7% above the Construction median (#645 of 1761)
No single metric tells the full story. See the TSE:1860 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toda Corp is a Japan-based company that provides construction and civil engineering services for public and private customers. It designs and manages property developments and reorganizes production systems to increase profitability. The company constructs hospitals, schools, office buildings, and other industrial facilities. It handles various large-scale projects, including tunnel and highway operations, renewable energy activities, and power generation applications, to enhance technological and industrial development. Toda has six operating segments: Domestic building construction, Domestic Civil engineering, Investment Development, Domestic group companies, New business fields, and Overseas business. The majority of revenue comes from the domestic building construction segment.
79GF Score
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