TOCALO CoTSE:3433 -1.65%91 Net Margin % is 22.79% as of Mar. 2026, which is 61% above its 10-year median of 14.12. GuruFocus rates TSE:3433 with a GF Score™ of 91/100 and a GF Value™ of 円2,212.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,074 Business Services companies, TOCALO Co ranks better than 88.18% on this metric.
Net margin is calculated as Net Income divided by its Revenue. TOCALO Co's Net Income for the
three
months ended in Mar. 2026 was 円3,617 Mil. TOCALO Co's Revenue for the
three
months ended in Mar. 2026 was 円15,869 Mil. Therefore, TOCALO Co's net margin for the quarter that ended in Mar. 2026 was 22.79%.
The historical rank and industry rank for TOCALO Co's Net Margin % or its related term are showing as below:
TSE:3433'
s Net Margin % Range Over the Past 10 Years
Min: 11.62 Med: 14.12 Max: 17.2
Current: 17.2
TSE:3433's Net Margin % is ranked better than 88.18% of 1074
companies
in the Business Services industry
Industry Median: 3.83
vs TSE:3433: 17.20
TOCALO Co (TSE:3433) 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.
TOCALO Co Net Margin % Related Terms
TOCALO Co Net Margin % Historical Data
* Premium members only.
The historical data trend for TOCALO 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.
TSE:3433 vs CTAS, CPRT, GPN: Net Margin % Comparison
For the Specialty Business Services subindustry, TOCALO 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.
TOCALO Co Net Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, TOCALO Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where TOCALO 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.
TOCALO Co (TSE:3433) has a Net Margin % of 22.79% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on TOCALO Co and its competitors. This is 61% above median its historical median of 14.12. Over the past decade, TOCALO Co's Net Margin % has ranged from 11.62 to 17.20. According to the industry distribution chart, TOCALO Co ranks #127 out of 1074 companies in the Business Services industry, placing it in the top 11.8%.
Is TOCALO Co's Net Margin % too high?
TOCALO Co's current Net Margin % of 22.79% is 61% above median its 10-year median of 14.12. Over the past 10 years, this metric has ranged from a low of 11.62 to a high of 17.20. The Business Services industry median Net Margin % is 3.83. TOCALO Co's value of 22.79% is 495% above this industry median. Based on the distribution chart, TOCALO Co ranks #127 out of 1074 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, TOCALO Co has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOCALO Co's Net Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TOCALO Co ranks #127 out of 1074 companies for Net Margin %. This places TOCALO Co in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.83. TOCALO Co's value of 22.79% is 495% above this benchmark. Historically, TOCALO Co's own Net Margin % has ranged from 11.62 to 17.20 over the past decade. While the company's 10-year median is 14.12 vs. the industry median of 3.83, TOCALO Co 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 Business Services company?
The median Net Margin % among Business Services companies is 3.83, based on 1,074 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. TOCALO Co's current Net Margin % of 22.79% is 495% 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 TOCALO Co and its competitors. For the Business Services industry, the median Net Margin % is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOCALO Co's current Net Margin % is 22.79%, which is 61% above median its own 10-year median of 14.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOCALO Co stock overvalued right now?
Based on GuruFocus' analysis, TOCALO Co (TSE:3433) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,212.31, compared to a current price of 円3,280.00 — trading 48.3% above its estimated fair value. The current Net Margin % is 22.79%, which is 61% above median its 10-year median of 14.12 and 495% above the Business Services industry median of 3.83. TOCALO Co's overall GF Score™ is 91/100 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 TOCALO Co (TSE:3433), the current Net Margin % is 22.79% 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 TOCALO Co (TSE:3433) Overvalued in 2026?
Based on GuruFocus' analysis, TOCALO Co stock appears to be overvalued.
The current stock price of 円3,280.00 is trading 48.3% above its estimated GF Value™ of 円2,212.31.
GuruFocus considers TOCALO Co to be Significantly Overvalued.
Key valuation signals for TSE:3433:
Net Margin %: 22.79% (61% above median its 10-year median of 14.12)
GF Value™: 円2,212.31 vs. price of 円3,280.00 (48.3% above fair value)
Industry Position: 495% above the Business Services median (#127 of 1074)
No single metric tells the full story. See the TSE:3433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.
91GF Score
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