Canon Inc.

DB:CNN1 Stock Report

Market Cap: €29.1b

Canon Valuation

Is CNN1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 CNN1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNN1 (€30.43) is trading below our estimate of fair value (€37.72)

Significantly Below Fair Value: CNN1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNN1?

Key metric: As CNN1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNN1. This is calculated by dividing CNN1's market cap by their current earnings.
What is CNN1's PE Ratio?
PE Ratio15.8x
EarningsJP¥299.14b
Market CapJP¥4.71t

Price to Earnings Ratio vs Peers

How does CNN1's PE Ratio compare to its peers?

The above table shows the PE ratio for CNN1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
4901 FUJIFILM Holdings
16.2x9.3%JP¥3.9t
HPE Hewlett Packard Enterprise
15.2x7.3%US$27.5b
2382 Quanta Computer
20.9x19.7%NT$1.1t
NTAP NetApp
23.9x7.4%US$25.3b
CNN1 Canon
15.8x7.5%€4.7t

Price-To-Earnings vs Peers: CNN1 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does CNN1's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CNN1 15.8xIndustry Avg. 22.0xNo. of Companies3PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNN1 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the Global Tech industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is CNN1'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.

CNN1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: CNN1 is expensive based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

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 CNN1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€30.43
€30.84
+1.4%
11.1%€34.81€21.38n/a11
Nov ’25€29.88
€30.50
+2.1%
11.3%€34.49€21.18n/a11
Oct ’25€29.91
€31.24
+4.5%
6.2%€34.20€28.60n/a10
Sep ’25€31.54
€31.24
-0.9%
6.2%€34.20€28.60n/a10
Aug ’25€26.96
€28.08
+4.2%
14.1%€35.14€21.58n/a11
Jul ’25€25.71
€26.04
+1.3%
13.5%€32.55€20.71n/a11
Jun ’25€27.06
€26.39
-2.5%
12.6%€32.25€21.30n/a11
May ’25€25.29
€25.82
+2.1%
13.2%€31.89€21.06n/a11
Apr ’25€27.40
€25.56
-6.7%
11.6%€31.17€21.39n/a11
Mar ’25€27.25
€24.87
-8.7%
11.1%€31.31€21.49n/a12
Feb ’25€25.65
€24.31
-5.2%
10.3%€29.99€21.87n/a11
Jan ’25€22.95
€24.89
+8.5%
10.5%€30.85€22.50n/a11
Dec ’24€23.65
€23.84
+0.8%
11.6%€30.05€19.41n/a12
Nov ’24€22.45
€24.31
+8.3%
10.5%€30.37€19.62€29.8813
Oct ’24€23.10
€24.12
+4.4%
11.5%€30.38€19.62€29.9114
Sep ’24€22.60
€23.93
+5.9%
11.3%€30.36€19.60€31.5413
Aug ’24€23.40
€23.84
+1.9%
12.0%€30.48€19.69€26.9613
Jul ’24€23.95
€22.48
-6.1%
10.8%€26.68€19.69€25.7114
Jun ’24€23.75
€23.16
-2.5%
11.2%€28.03€20.02€27.0615
May ’24€21.50
€22.29
+3.7%
10.5%€27.98€19.98€25.2915
Apr ’24€20.58
€22.89
+11.2%
9.5%€26.73€20.14€27.4015
Mar ’24€20.62
€23.17
+12.3%
11.1%€28.31€20.17€27.2515
Feb ’24€20.07
€23.55
+17.4%
11.0%€28.26€20.14€25.6515
Jan ’24€20.20
€24.72
+22.4%
8.6%€28.47€21.36€22.9515
Dec ’23€22.50
€24.71
+9.8%
10.5%€30.51€20.80€23.6515
Nov ’23€21.44
€24.66
+15.0%
10.9%€30.06€20.50€22.4515

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

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