Analysis for Obayashi
Description & usage
Obayashi is a Japanese construction and engineering group active in building, infrastructure, and urban-development projects. The company benefits from stable demand across public and private construction in Japan and selected overseas markets. Key valuation drivers are backlog quality, project margins, cost control, and cash-flow discipline.
Basic info
- Symbol
- 1802.T
- Type
- Stock
- Region
- Japan
- Sector
- Industrials
- Available history
- 11.2 years
- Last trading day
- 04/03/2026
Basic info
- Symbol
- 1802.T
- Type
- Stock
- Region
- Japan
- Sector
- Industrials
- Available history
- 11.2 years
- Last trading day
- 04/03/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
Obayashi (1802.T) currently has a total score of 80 points, placing it in the very strong range. The score is made up of Performance (87), Stability (69) and Trend (80). All three sub-scores are currently above average.
Performance scores 87 points (very strong). Key strength: 3Y return at 273.1 %. Even the weakest return is still strong in absolute terms: 10Y return at 269.8 %.
Stability scores 69 points (strong). Key strength: return/volatility ratio at 2.73. Main drag: volatility (365d, annualized) at 30.4 %. That implies elevated swings. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 80 points (very strong). Key strength: Price is about 28.3 % above SMA200. Main drag: Price is about 3.3 % below SMA50.
Overall, the very strong total score is driven mainly by Performance and Trend; Stability is the biggest lever for improvement. On a metric level, 3Y return stands out, while SMA50 distance is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.