Tokyo Electric Power Company Holdings, Incorporated

DB:TPO Stock Report

Market Cap: €4.5b

Tokyo Electric Power Company Holdings Valuation

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

Below Fair Value: Insufficient data to calculate TPO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TPO's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TPO. This is calculated by dividing TPO's market cap by their current earnings.
What is TPO's PE Ratio?
PE Ratio6.9x
EarningsJP¥106.59b
Market CapJP¥741.45b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.2x
LEC Lechwerke
25.8xn/a€2.5b
EBK EnBW Energie Baden-Württemberg
27.4xn/a€16.4b
MVV1 MVV Energie
10.9xn/a€2.0b
MNV6 Mainova
32.6xn/a€1.9b
TPO Tokyo Electric Power Company Holdings
6.9x18.2%€741.4b

Price-To-Earnings vs Peers: TPO is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (24.2x).

Price to Earnings Ratio vs Industry

How does TPO's PE Ratio compare vs other companies in the European Electric Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TPO 6.9xIndustry Avg. 12.6xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TPO is good value based on its Price-To-Earnings Ratio (6.9x) compared to the European Electric Utilities industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is TPO'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.

TPO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio26.1x

Price-To-Earnings vs Fair Ratio: TPO is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (26.1x).

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 TPO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.76
€3.72
+34.6%
48.5%€6.24€2.17n/a3
Dec ’25€3.36
€3.75
+11.9%
44.4%€6.04€2.10n/a3
Nov ’25€3.80
€3.75
-1.2%
44.4%€6.04€2.10n/a3
Oct ’25€4.03
€3.85
-4.4%
44.4%€6.20€2.16n/a3
Sep ’25€4.30
€3.85
-10.4%
44.4%€6.20€2.16n/a3
Aug ’25€4.25
€3.85
-9.3%
44.4%€6.20€2.16n/a3
Jul ’25€4.92
€3.68
-25.1%
44.4%€5.92€2.06n/a3
Jun ’25€5.47
€3.08
-43.8%
34.2%€4.35€1.78n/a3
May ’25€5.78
€3.08
-46.8%
34.2%€4.35€1.78n/a3
Apr ’25€5.56
€3.11
-44.0%
34.4%€4.44€1.82n/a3
Mar ’25€4.91
€2.66
-45.8%
21.6%€3.15€1.85n/a3
Feb ’25€4.70
€2.55
-45.8%
25.9%€3.21€1.89n/a2
Jan ’25€4.64
€2.58
-44.5%
25.9%€3.24€1.91n/a2
Dec ’24€3.89
€2.56
-34.2%
25.9%€3.22€1.90€3.362
Nov ’24€4.01
€2.56
-36.2%
25.9%€3.22€1.90€3.802
Oct ’24€4.16
€2.56
-38.4%
25.9%€3.23€1.90€4.032
Sep ’24€3.98
€2.14
-46.4%
10.4%€2.36€1.91€4.302
Aug ’24€3.61
€2.23
-38.1%
10.4%€2.47€2.00€4.252
Jul ’24€3.32
€2.23
-32.7%
10.4%€2.47€2.00€4.922
Jun ’24€3.32
€2.16
-34.7%
13.8%€2.46€1.87€5.472
May ’24€3.19
€2.16
-32.2%
13.8%€2.46€1.87€5.782
Apr ’24€3.35
€2.24
-33.0%
13.8%€2.55€1.93€5.562
Mar ’24€3.05
€2.79
-8.6%
28.9%€3.87€1.94€4.913
Feb ’24€3.27
€2.94
-10.1%
26.8%€4.02€2.15€4.703
Jan ’24€3.30
€2.80
-15.1%
26.8%€3.83€2.05€4.643
Dec ’23€3.38
€2.80
-17.2%
26.8%€3.83€2.05€3.893

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 07:48
End of Day Share Price 2024/12/23 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

Tokyo Electric Power Company Holdings, Incorporated is covered by 23 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Masanori MaruoBarclays
Takahiro MoriBofA Global Research
Takashi MiyazakiCitigroup Global Markets Japan Inc.