Inpex Corporation

TSE:1605 Stock Report

Market Cap: JP¥4.5t

Inpex Valuation

Is 1605 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 1605 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 1605 (¥3872) is trading above our estimate of future cash flow value (¥2918.2)

Significantly Below Future Cash Flow Value: 1605 is trading above our estimate of future cash flow value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1605?

Key metric: As 1605 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1605. This is calculated by dividing 1605's market cap by their current earnings.
What is 1605's PE Ratio?
PE Ratio11.4x
EarningsJP¥393.84b
Market CapJP¥4.50t

Price to Earnings Ratio vs Peers

How does 1605's PE Ratio compare to its peers?

The above table shows the PE ratio for 1605 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.9x
1662 Japan Petroleum Exploration
13.1x-3.18%JP¥610.2b
5019 Idemitsu KosanLtd
58.2x29.62%JP¥1.7t
5021 Cosmo Energy Holdings
13.9x14.05%JP¥686.9b
DVN Devon Energy
10.3x6.74%US$27.9b
1605 Inpex
11.4x-1.86%JP¥4.5t

Price-To-Earnings vs Peers: 1605 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (23.8x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

How does 1605's PE Ratio compare vs other companies in the JP Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
7490 Nissin ShojiLtd
1.8xn/aUS$53.18m
No more companies available in this PE range
1605 11.4xIndustry Avg. 14.3xNo. of Companies5PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1605 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the Asian Oil and Gas industry average (14.3x).


Price to Earnings Ratio vs Fair Ratio

What is 1605's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1605 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ratio17.4x

Price-To-Earnings vs Fair Ratio: 1605 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1605 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,872.00
JP¥3,513.64
-9.26%
19.15%JP¥5,000.00JP¥2,780.00n/a11
Feb ’27JP¥3,443.00
JP¥3,169.09
-7.96%
13.67%JP¥4,270.00JP¥2,750.00n/a11
Jan ’27JP¥3,127.00
JP¥3,153.33
+0.84%
15.33%JP¥4,270.00JP¥2,620.00n/a9
Dec ’26JP¥3,223.00
JP¥2,972.50
-7.77%
9.74%JP¥3,500.00JP¥2,620.00n/a8
Nov ’26JP¥2,841.00
JP¥2,548.33
-10.30%
14.20%JP¥2,950.00JP¥1,940.00n/a9
Oct ’26JP¥2,641.00
JP¥2,531.50
-4.15%
12.91%JP¥2,900.00JP¥1,940.00n/a10
Sep ’26JP¥2,543.00
JP¥2,411.00
-5.19%
12.05%JP¥2,850.00JP¥1,940.00n/a10
Aug ’26JP¥2,158.50
JP¥2,260.00
+4.70%
10.69%JP¥2,780.00JP¥1,940.00n/a10
Jul ’26JP¥1,999.00
JP¥2,251.00
+12.61%
11.28%JP¥2,780.00JP¥1,870.00n/a10
Jun ’26JP¥1,951.50
JP¥2,216.00
+13.55%
12.96%JP¥2,780.00JP¥1,780.00n/a10
May ’26JP¥1,820.50
JP¥2,213.00
+21.56%
13.06%JP¥2,780.00JP¥1,780.00n/a10
Apr ’26JP¥2,080.50
JP¥2,274.00
+9.30%
11.70%JP¥2,780.00JP¥1,840.00n/a10
Mar ’26JP¥1,906.50
JP¥2,246.00
+17.81%
11.74%JP¥2,700.00JP¥1,840.00JP¥3,800.0010
Feb ’26JP¥1,870.00
JP¥2,236.00
+19.57%
11.33%JP¥2,700.00JP¥1,840.00JP¥3,443.0010
Jan ’26JP¥1,970.50
JP¥2,258.00
+14.59%
10.02%JP¥2,700.00JP¥1,940.00JP¥3,127.0010
Dec ’25JP¥1,974.00
JP¥2,315.56
+17.30%
9.95%JP¥2,700.00JP¥2,000.00JP¥3,223.009
Nov ’25JP¥2,008.50
JP¥2,432.22
+21.10%
13.78%JP¥3,170.00JP¥2,000.00JP¥2,841.009
Oct ’25JP¥1,971.50
JP¥2,427.00
+23.10%
12.86%JP¥3,170.00JP¥2,000.00JP¥2,641.0010
Sep ’25JP¥2,169.50
JP¥2,518.89
+16.10%
14.47%JP¥3,170.00JP¥2,000.00JP¥2,543.009
Aug ’25JP¥2,260.50
JP¥2,564.44
+13.45%
14.77%JP¥3,250.00JP¥2,000.00JP¥2,158.509
Jul ’25JP¥2,408.00
JP¥2,564.44
+6.50%
14.77%JP¥3,250.00JP¥2,000.00JP¥1,999.009
Jun ’25JP¥2,423.50
JP¥2,536.67
+4.67%
12.49%JP¥2,900.00JP¥2,000.00JP¥1,951.509
May ’25JP¥2,351.00
JP¥2,483.33
+5.63%
13.16%JP¥2,900.00JP¥2,000.00JP¥1,820.509
Apr ’25JP¥2,279.00
JP¥2,427.78
+6.53%
12.02%JP¥2,900.00JP¥2,000.00JP¥2,080.509
Mar ’25JP¥2,068.00
JP¥2,377.78
+14.98%
17.74%JP¥2,900.00JP¥1,450.00JP¥1,906.509
JP¥3.51k
Fair Value
10.2% overvalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/04 19:54
End of Day Share Price 2026/03/04 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Inpex Corporation is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kazuhisa MoriBarclays
NEIL BEVERIDGEBernstein
Kohei SugaBofA Global Research