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TokenTSE:1766 +0.16%76 Operating Margin % is 5.60% as of Jan. 2026, which is 14% above its 10-year median of 4.93. 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 1,744 Real Estate companies, Token ranks worse than 65.19% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Token's Operating Income for the
three
months ended in Jan. 2026 was 円5,350 Mil. Token's Revenue for the
three
months ended in Jan. 2026 was 円95,611 Mil. Therefore, Token's Operating Margin % for the quarter that ended in Jan. 2026 was 5.60%.
Good Sign:
Token Corp operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Token's Operating Margin % or its related term are showing as below:
TSE:1766'
s Operating Margin % Range Over the Past 10 Years
Min: 3.07 Med: 4.93 Max: 6.07
Current: 5.79
TSE:1766's Operating Margin % is ranked worse than 65.19% of 1744
companies
in the Real Estate industry
Industry Median: 13.22
vs TSE:1766: 5.79
Token's 5-Year Average Operating Margin % Growth Rate was 4.70% per year.
Token's Operating Income for the
three
months ended in Jan. 2026 was 円5,350 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円22,374 Mil.
Token (TSE:1766) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Token Operating Margin % Related Terms
Token Operating Margin % Historical Data
* Premium members only.
The historical data trend for Token's Operating 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: Operating Margin % Comparison
For the Real Estate Services subindustry, Token's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Token's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Token's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Token's Operating Margin % for the fiscal year that ended in Apr. 2026 is calculated as
* 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 Operating Margin % of 5.60% as of Jan. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Token and its competitors. This is 14% above median its historical median of 4.93. Over the past decade, Token's Operating Margin % has ranged from 3.07 to 6.07. According to the industry distribution chart, Token ranks #1137 out of 1744 companies in the Real Estate industry, placing it in the top 65.2%.
Is Token's Operating Margin % too high?
Token's current Operating Margin % of 5.60% is 14% above median its 10-year median of 4.93. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 6.07. The Real Estate industry median Operating Margin % is 13.22. Token's value of 5.60% is 57.6% below this industry median. Based on the distribution chart, Token ranks #1137 out of 1744 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 Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Token ranks #1137 out of 1744 companies for Operating Margin %. This places Token in the lower half of its industry. The industry median Operating Margin % is 13.22. Token's value of 5.60% is 57.6% below this benchmark. Historically, Token's own Operating Margin % has ranged from 3.07 to 6.07 over the past decade. While the company's 10-year median is 4.93 vs. the industry median of 13.22, 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 Operating Margin % for a Real Estate company?
The median Operating Margin % among Real Estate companies is 13.22, based on 1,744 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Token's current Operating Margin % of 5.60% is 57.6% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Token and its competitors. For the Real Estate industry, the median Operating Margin % is 13.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Token's current Operating Margin % is 5.60%, which is 14% above median its own 10-year median of 4.93. 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 Operating Margin % is 5.60%, which is 14% above median its 10-year median of 4.93 and 57.6% below the Real Estate industry median of 13.22. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Token (TSE:1766), the current Operating Margin % is 5.60% 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:
Operating Margin %: 5.60% (14% above median its 10-year median of 4.93)
GF Value™: 円13,589.55 vs. price of 円12,910.00 (5% below fair value)
Industry Position: 57.6% below the Real Estate median (#1137 of 1744)
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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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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