Toyota Industries Corporation

DB:TAH Stock Report

Market Cap: €21.6b

Toyota Industries Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TAH (€69.6) is trading above our estimate of fair value (€40.53)

Significantly Below Fair Value: TAH is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TAH. This is calculated by dividing TAH's market cap by their current earnings.
What is TAH's PE Ratio?
PE Ratio14.9x
EarningsJP¥237.39b
Market CapJP¥3.53t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TAH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
8TRA Traton
5.4x8.9%€13.8b
DTG Daimler Truck Holding
8.7x12.9%€29.1b
KBX Knorr-Bremse
18.6x10.7%€11.1b
KGX KION GROUP
12.3x17.2%€4.1b
TAH Toyota Industries
14.9x6.1%€3.5t

Price-To-Earnings vs Peers: TAH is expensive based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does TAH's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
TAH 14.9xIndustry Avg. 15.0xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TAH is good value based on its Price-To-Earnings Ratio (14.9x) compared to the German Machinery industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is TAH'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.

TAH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.9x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: TAH is good value based on its Price-To-Earnings Ratio (14.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

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 TAH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€69.60
€76.47
+9.9%
12.9%€95.01€64.36n/a14
Dec ’25€69.15
€82.95
+20.0%
12.2%€104.82€70.09n/a14
Nov ’25€60.65
€80.65
+33.0%
11.3%€100.45€67.17n/a14
Oct ’25€69.50
€87.84
+26.4%
14.3%€120.20€72.75n/a14
Sep ’25€69.95
€89.41
+27.8%
14.3%€118.38€71.65n/a14
Aug ’25€71.65
€90.87
+26.8%
13.3%€117.57€76.11n/a13
Jul ’25€77.85
€88.85
+14.1%
14.7%€116.20€72.05n/a12
Jun ’25€85.55
€90.44
+5.7%
14.8%€117.23€72.68n/a13
May ’25€87.80
€91.16
+3.8%
15.2%€118.80€73.66n/a13
Apr ’25€94.50
€86.00
-9.0%
19.6%€119.64€58.90n/a13
Mar ’25€93.00
€79.82
-14.2%
13.6%€97.10€59.31n/a13
Feb ’25€78.50
€79.07
+0.7%
15.3%€98.92€58.23n/a12
Jan ’25€74.50
€78.37
+5.2%
15.6%€100.69€59.27n/a14
Dec ’24€79.00
€74.90
-5.2%
14.3%€98.91€58.22€69.1515
Nov ’24€72.50
€71.09
-1.9%
15.4%€92.26€57.98€60.6515
Oct ’24€73.50
€69.94
-4.8%
13.9%€91.78€58.23€69.5015
Sep ’24€65.00
€67.25
+3.5%
11.3%€85.09€58.42€69.9515
Aug ’24€67.00
€64.84
-3.2%
14.7%€85.65€51.78€71.6515
Jul ’24€64.50
€60.04
-6.9%
16.3%€85.11€45.10€77.8515
Jun ’24€58.00
€55.11
-5.0%
8.2%€66.31€47.08€85.5514
May ’24€52.00
€53.63
+3.1%
9.8%€66.29€47.07€87.8014
Apr ’24€50.00
€56.64
+13.3%
9.1%€69.44€49.30€94.5013
Mar ’24€56.00
€63.68
+13.7%
14.0%€89.53€50.28€93.0013
Feb ’24€55.00
€65.46
+19.0%
14.3%€92.11€51.72€78.5013
Jan ’24€51.00
€65.37
+28.2%
13.9%€90.65€53.69€74.5012
Dec ’23€54.00
€64.76
+19.9%
13.4%€89.35€52.92€79.0013

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 23:38
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Toyota Industries Corporation is covered by 27 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kei NihonyanagiBarclays
Kentaro HosodaBofA Global Research
Arifumi YoshidaCitigroup Global Markets Japan Inc.