Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Taihei Dengyo KaishaTSE:1968 -0.16%77 Return-on-Tangible-Equity is 9.25% as of Mar. 2026, which is 2% above its 10-year median of 9.08. GuruFocus rates TSE:1968 with a GF Score™ of 77/100 and a GF Value™ of 円1,744.77 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,712 Construction companies, Taihei Dengyo Kaisha ranks better than 55.84% 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. Taihei Dengyo Kaisha's annualized net income for the quarter that ended in Mar. 2026 was 円11,528 Mil. Taihei Dengyo Kaisha's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円124,576 Mil. Therefore, Taihei Dengyo Kaisha's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.25%.
The historical rank and industry rank for Taihei Dengyo Kaisha's Return-on-Tangible-Equity or its related term are showing as below:
TSE:1968'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.78 Med: 9.08 Max: 12.73
Current: 10.04
During the past 13 years, Taihei Dengyo Kaisha's highest Return-on-Tangible-Equity was 12.73%. The lowest was 3.78%. And the median was 9.08%.
TSE:1968's Return-on-Tangible-Equity is ranked better than 55.84% of 1712
companies
in the Construction industry
Industry Median: 8.235
vs TSE:1968: 10.04
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.
Taihei Dengyo Kaisha Return-on-Tangible-Equity Related Terms
Taihei Dengyo Kaisha Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Taihei Dengyo Kaisha'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.
TSE:1968 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Taihei Dengyo Kaisha'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.
Taihei Dengyo Kaisha Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Taihei Dengyo Kaisha's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Taihei Dengyo Kaisha'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 four times the quarterly (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 9.25% mean?
Taihei Dengyo Kaisha (TSE:1968) has a Return-on-Tangible-Equity of 9.25% 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 Taihei Dengyo Kaisha and its competitors. This is near median its historical median of 9.08. Over the past decade, Taihei Dengyo Kaisha's Return-on-Tangible-Equity has ranged from 3.78 to 12.73. According to the industry distribution chart, Taihei Dengyo Kaisha ranks #756 out of 1712 companies in the Construction industry, placing it in the top 44.2%.
Is Taihei Dengyo Kaisha's Return-on-Tangible-Equity too high?
Taihei Dengyo Kaisha's current Return-on-Tangible-Equity of 9.25% is near median its 10-year median of 9.08. Over the past 10 years, this metric has ranged from a low of 3.78 to a high of 12.73. The Construction industry median Return-on-Tangible-Equity is 8.24. Taihei Dengyo Kaisha's value of 9.25% is 12.3% above this industry median. Based on the distribution chart, Taihei Dengyo Kaisha ranks #756 out of 1712 companies in the Construction industry, which is above the industry midpoint. Overall, Taihei Dengyo Kaisha has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taihei Dengyo Kaisha's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Taihei Dengyo Kaisha ranks #756 out of 1712 companies for Return-on-Tangible-Equity. This puts Taihei Dengyo Kaisha in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.24. Taihei Dengyo Kaisha's value of 9.25% is 12.3% above this benchmark. Historically, Taihei Dengyo Kaisha's own Return-on-Tangible-Equity has ranged from 3.78 to 12.73 over the past decade. While the company's 10-year median is 9.08 vs. the industry median of 8.24, Taihei Dengyo Kaisha 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. Taihei Dengyo Kaisha's current Return-on-Tangible-Equity of 9.25% is 12.3% 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 Taihei Dengyo Kaisha 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. Taihei Dengyo Kaisha's current Return-on-Tangible-Equity is 9.25%, which is near median its own 10-year median of 9.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taihei Dengyo Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha (TSE:1968) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,744.77, compared to a current price of 円2,467.00 — trading 41.4% above its estimated fair value. The current Return-on-Tangible-Equity is 9.25%, which is near median its 10-year median of 9.08 and 12.3% above the Construction industry median of 8.24. Taihei Dengyo Kaisha's overall GF Score™ is 77/100 with 2 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 Taihei Dengyo Kaisha (TSE:1968), the current Return-on-Tangible-Equity is 9.25% 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 Taihei Dengyo Kaisha (TSE:1968) Overvalued in 2026?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha stock appears to be overvalued.
The current stock price of 円2,467.00 is trading 41.4% above its estimated GF Value™ of 円1,744.77.
GuruFocus considers Taihei Dengyo Kaisha to be Significantly Overvalued.
Key valuation signals for TSE:1968:
Return-on-Tangible-Equity: 9.25% (near median its 10-year median of 9.08)
GF Value™: 円1,744.77 vs. price of 円2,467.00 (41.4% above fair value)
Industry Position: 12.3% above the Construction median (#756 of 1712)
No single metric tells the full story. See the TSE:1968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.
77GF Score
Get the complete analysis for TSE:1968
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:1968 has been successfully added to your 
