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TokenTSE:1766 +0.08%76 3-Year ROIIC % is 41.02 as of Apr. 2026, which is 381% above its 10-year median of 8.52. GuruFocus rates TSE:1766 with a GF Score™ of 76/100 and a GF Value™ of 円13,720.11 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,664 Real Estate companies, Token ranks better than 90.99% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Token's 3-Year ROIIC % for the quarter that ended in Apr. 2026 was 41.02%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Token's 3-Year ROIIC % or its related term are showing as below:
TSE:1766's 3-Year ROIIC % is ranked better than 90.99% of 1664
companies
in the Real Estate industry
Industry Median: 2.33
vs TSE:1766: 41.02
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Token 3-Year ROIIC % Related Terms
Token 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Token's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Real Estate Services subindustry, Token's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Token's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Token's 3-Year ROIIC % falls into.
Token's 3-Year ROIIC % for the quarter that ended in Apr. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 15766.9578 (Apr. 2026) - 5970.007 (Apr. 2023) )
/
( 133273 (Apr. 2026) - 109387 (Apr. 2023) )
=
9796.9508
/
23886
=
41.02%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Token (TSE:1766) has a 3-Year ROIIC % of 41.02 as of Apr. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Token and its competitors. This is 381% above median its historical median of 8.52. According to the industry distribution chart, Token ranks #150 out of 1664 companies in the Real Estate industry, placing it in the top 9%.
Is Token's 3-Year ROIIC % too high?
Token's current 3-Year ROIIC % of 41.02 is 381% above median its 10-year median of 8.52. The Real Estate industry median 3-Year ROIIC % is 2.33. Token's value of 41.02 is 1660.5% above this industry median. Based on the distribution chart, Token ranks #150 out of 1664 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. 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 3-Year ROIIC % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Token ranks #150 out of 1664 companies for 3-Year ROIIC %. This places Token in the top 9% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.33. Token's value of 41.02 is 1660.5% above this benchmark. While the company's 10-year median is 8.52 vs. the industry median of 2.33, Token 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 3-Year ROIIC % for a Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.33, based on 1,664 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Token's current 3-Year ROIIC % of 41.02 is 1660.5% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Token and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Token's current 3-Year ROIIC % is 41.02, which is 381% above median its own 10-year median of 8.52. 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13,720.11, compared to a current price of 円12,900.00 — trading 6% below its estimated fair value. The current 3-Year ROIIC % is 41.02, which is 381% above median its 10-year median of 8.52 and 1660.5% above the Real Estate industry median of 2.33. Token's overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Token (TSE:1766), the current 3-Year ROIIC % is 41.02 as of Apr. 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12,900.00 is trading 6% below its estimated GF Value™ of 円13,720.11.
GuruFocus considers Token to be Fairly Valued.
Key valuation signals for TSE:1766:
3-Year ROIIC %: 41.02 (381% above median its 10-year median of 8.52)
GF Value™: 円13,720.11 vs. price of 円12,900.00 (6% below fair value)
Industry Position: 1660.5% above the Real Estate median (#150 of 1664)
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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