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Tokura Construction CoNGO:1892 +0.74%62 Return-on-Tangible-Equity is 13.10% as of Mar. 2026, which is 24% above its 10-year median of 10.53. GuruFocus rates NGO:1892 with a GF Score™ of 62/100 and a GF Value™ of 円4,871.93 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,712 Construction companies, Tokura Construction Co ranks better than 58.59% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Tokura Construction Co's annualized net income for the quarter that ended in Mar. 2026 was 円2,826 Mil. Tokura Construction Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円21,570 Mil. Therefore, Tokura Construction Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.10%.
The historical rank and industry rank for Tokura Construction Co's Return-on-Tangible-Equity or its related term are showing as below:
NGO:1892'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.42 Med: 10.53 Max: 27.58
Current: 10.82
During the past 13 years, Tokura Construction Co's highest Return-on-Tangible-Equity was 27.58%. The lowest was 3.42%. And the median was 10.53%.
NGO:1892's Return-on-Tangible-Equity is ranked better than 58.59% of 1712
companies
in the Construction industry
Industry Median: 8.235
vs NGO:1892: 10.82
Tokura Construction Co (NGO:1892) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Tokura Construction Co Return-on-Tangible-Equity Related Terms
Tokura Construction Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tokura Construction Co's Return-on-Tangible-Equity 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.
Tokura Construction Co Return-on-Tangible-Equity Chart
NGO:1892 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Tokura Construction Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Tokura Construction Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Tokura Construction Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tokura Construction Co's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.10% mean?
Tokura Construction Co (NGO:1892) has a Return-on-Tangible-Equity of 13.10% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tokura Construction Co and its competitors. This is 24% above median its historical median of 10.53. Over the past decade, Tokura Construction Co's Return-on-Tangible-Equity has ranged from 3.42 to 27.58. According to the industry distribution chart, Tokura Construction Co ranks #709 out of 1712 companies in the Construction industry, placing it in the top 41.4%.
Is Tokura Construction Co's Return-on-Tangible-Equity too high?
Tokura Construction Co's current Return-on-Tangible-Equity of 13.10% is 24% above median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 27.58. The Construction industry median Return-on-Tangible-Equity is 8.24. Tokura Construction Co's value of 13.10% is 59.1% above this industry median. Based on the distribution chart, Tokura Construction Co ranks #709 out of 1712 companies in the Construction industry, which is above the industry midpoint. Overall, Tokura Construction Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokura Construction Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Tokura Construction Co ranks #709 out of 1712 companies for Return-on-Tangible-Equity. This puts Tokura Construction Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.24. Tokura Construction Co's value of 13.10% is 59.1% above this benchmark. Historically, Tokura Construction Co's own Return-on-Tangible-Equity has ranged from 3.42 to 27.58 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 8.24, Tokura Construction 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 Return-on-Tangible-Equity for a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.24, based on 1,712 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokura Construction Co's current Return-on-Tangible-Equity of 13.10% is 59.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tokura Construction Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokura Construction Co's current Return-on-Tangible-Equity is 13.10%, which is 24% above median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokura Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Tokura Construction Co (NGO:1892) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,871.93, compared to a current price of 円8,160.00 — trading 67.5% above its estimated fair value. The current Return-on-Tangible-Equity is 13.10%, which is 24% above median its 10-year median of 10.53 and 59.1% above the Construction industry median of 8.24. Tokura Construction Co's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Tokura Construction Co (NGO:1892), the current Return-on-Tangible-Equity is 13.10% 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 Tokura Construction Co (NGO:1892) Overvalued in 2026?
Based on GuruFocus' analysis, Tokura Construction Co stock appears to be overvalued.
The current stock price of 円8,160.00 is trading 67.5% above its estimated GF Value™ of 円4,871.93.
GuruFocus considers Tokura Construction Co to be Significantly Overvalued.
Key valuation signals for NGO:1892:
Return-on-Tangible-Equity: 13.10% (24% above median its 10-year median of 10.53)
GF Value™: 円4,871.93 vs. price of 円8,160.00 (67.5% above fair value)
Industry Position: 59.1% above the Construction median (#709 of 1712)
No single metric tells the full story. See the NGO:1892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokura Construction Co Ltd is a Japan-based company engaged in the business of engineering and construction works. Its operations are carried out through the following business divisions: Construction, Civil Engineering, Real Estate, and Others. It generates the majority of its revenue from the Construction segment.
62GF Score
Get the complete analysis for NGO:1892
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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