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ToseiTSE:8923 +1.04%87 5-Year Yield-on-Cost % is 14.95 as of Aug. 05, 2026, which is 1% above its 10-year median of 14.84. GuruFocus rates TSE:8923 with a GF Score™ of 87/100 and a GF Value™ of 円1,683.06 (Fairly Valued). The stock has 5 warning signs investors should review. Among 867 Real Estate companies, Tosei ranks better than 91.7% on this metric.
Tosei's yield on cost for the quarter that ended in May. 2026 was 14.95.
The historical rank and industry rank for Tosei's 5-Year Yield-on-Cost % or its related term are showing as below:
TSE:8923'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 6.84 Med: 14.84 Max: 27.37
Current: 14.95
During the past 13 years, Tosei's highest Yield on Cost was 27.37. The lowest was 6.84. And the median was 14.84.
TSE:8923's 5-Year Yield-on-Cost % is ranked better than 91.7% of 867
companies
in the Real Estate industry
Industry Median: 3.75
vs TSE:8923: 14.95
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
For the Real Estate - Diversified subindustry, Tosei's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.
Tosei 5-Year Yield-on-Cost % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Tosei's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Tosei's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Tosei is calculated as
Tosei (TSE:8923) has a 5-Year Yield-on-Cost % of 14.95 as of Aug. 05, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Tosei and its competitors. This is near median its historical median of 14.84. Over the past decade, Tosei's 5-Year Yield-on-Cost % has ranged from 6.84 to 27.37. According to the industry distribution chart, Tosei ranks #72 out of 867 companies in the Real Estate industry, placing it in the top 8.3%.
Is Tosei's 5-Year Yield-on-Cost % too high?
Tosei's current 5-Year Yield-on-Cost % of 14.95 is near median its 10-year median of 14.84. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 27.37. The Real Estate industry median 5-Year Yield-on-Cost % is 3.75. Tosei's value of 14.95 is 298.7% above this industry median. Based on the distribution chart, Tosei ranks #72 out of 867 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Tosei has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei's 5-Year Yield-on-Cost % compare to competitors?
According to the Real Estate industry distribution chart, Tosei ranks #72 out of 867 companies for 5-Year Yield-on-Cost %. This places Tosei in the top 8% of its industry — outperforming the majority of peers. The industry median 5-Year Yield-on-Cost % is 3.75. Tosei's value of 14.95 is 298.7% above this benchmark. Historically, Tosei's own 5-Year Yield-on-Cost % has ranged from 6.84 to 27.37 over the past decade. While the company's 10-year median is 14.84 vs. the industry median of 3.75, Tosei 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 5-Year Yield-on-Cost % for a Real Estate company?
The median 5-Year Yield-on-Cost % among Real Estate companies is 3.75, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tosei's current 5-Year Yield-on-Cost % of 14.95 is 298.7% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Tosei and its competitors. For the Real Estate industry, the median 5-Year Yield-on-Cost % is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosei's current 5-Year Yield-on-Cost % is 14.95, which is near median its own 10-year median of 14.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei stock overvalued right now?
Based on GuruFocus' analysis, Tosei (TSE:8923) is currently considered Fairly Valued. The stock's GF Value™ is 円1,683.06, compared to a current price of 円1,754.00 — trading 4.2% above its estimated fair value. The current 5-Year Yield-on-Cost % is 14.95, which is near median its 10-year median of 14.84 and 298.7% above the Real Estate industry median of 3.75. Tosei's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Tosei (TSE:8923), the current 5-Year Yield-on-Cost % is 14.95 as of Aug. 05, 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 Tosei (TSE:8923) Overvalued in 2026?
Based on GuruFocus' analysis, Tosei stock appears to be overvalued.
The current stock price of 円1,754.00 is trading 4.2% above its estimated GF Value™ of 円1,683.06.
GuruFocus considers Tosei to be Fairly Valued.
Key valuation signals for TSE:8923:
5-Year Yield-on-Cost %: 14.95 (near median its 10-year median of 14.84)
GF Value™: 円1,683.06 vs. price of 円1,754.00 (4.2% above fair value)
Industry Position: 298.7% above the Real Estate median (#72 of 867)
No single metric tells the full story. See the TSE:8923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosei Corp is a diversified real estate company based in Japan. It is engaged in selling condominiums, detached houses, rental condominiums, and office buildings to individual customers and investors; providing asset management services for real estate funds, leasing properties; operating a real estate revitalization business; and operating hotels, among other activities. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Revitalization, Real Estate Development, Real Estate Leasing, Real Estate Fund and Consulting, Real Estate Management, and Hotel. Maximum revenue is generated from its Real Estate Revitalization Business, which revitalizes and sells properties with deteriorated asset value.
87GF Score
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