Ricoh Company, Ltd.

LSE:RICO Stock Report

Market Cap: JP¥945.6b

Ricoh Company Valuation

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

Below Fair Value: RICO (¥1612) is trading below our estimate of fair value (¥1985.46)

Significantly Below Fair Value: RICO 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 RICO?

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

The above table shows the Price to Earnings ratio for RICO. This is calculated by dividing RICO's market cap by their current earnings.
What is RICO's PE Ratio?
PE Ratio25x
EarningsJP¥37.83b
Market CapJP¥945.61b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RICO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.2x
RPI Raspberry Pi Holdings
26.4x-2.0%UK£644.1m
CNC Concurrent Technologies
24.3x13.5%UK£122.7m
HLMA Halma
37.1x8.8%UK£10.0b
SXS Spectris
8.9x-22.7%UK£2.4b
RICO Ricoh Company
25x19.0%JP¥945.6b

Price-To-Earnings vs Peers: RICO is expensive based on its Price-To-Earnings Ratio (25x) compared to the peer average (24.2x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
RICO 25.0xIndustry Avg. 21.8xNo. of Companies3PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RICO is expensive based on its Price-To-Earnings Ratio (25x) compared to the Global Tech industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is RICO'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.

RICO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25x
Fair PE Ratio35.3x

Price-To-Earnings vs Fair Ratio: RICO is good value based on its Price-To-Earnings Ratio (25x) compared to the estimated Fair Price-To-Earnings Ratio (35.3x).

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 RICO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,612.00
JP¥1,465.00
-9.1%
16.6%JP¥1,900.00JP¥1,100.00n/a10
Nov ’25JP¥1,678.50
JP¥1,377.50
-17.9%
11.6%JP¥1,700.00JP¥1,100.00n/a10
Oct ’25JP¥1,601.50
JP¥1,362.50
-14.9%
11.3%JP¥1,700.00JP¥1,100.00n/a10
Sep ’25JP¥1,519.86
JP¥1,362.50
-10.4%
11.3%JP¥1,700.00JP¥1,100.00n/a10
Aug ’25JP¥1,336.00
JP¥1,402.78
+5.0%
13.7%JP¥1,700.00JP¥1,100.00n/a9
Jul ’25JP¥1,404.00
JP¥1,380.56
-1.7%
12.3%JP¥1,700.00JP¥1,100.00n/a9
Jun ’25JP¥1,403.50
JP¥1,390.63
-0.9%
12.8%JP¥1,700.00JP¥1,100.00n/a8
May ’25JP¥1,317.61
JP¥1,330.56
+1.0%
13.2%JP¥1,700.00JP¥1,100.00n/a9
Apr ’25JP¥1,355.06
JP¥1,273.89
-6.0%
14.9%JP¥1,700.00JP¥1,100.00n/a9
Mar ’25JP¥1,260.69
JP¥1,266.50
+0.5%
14.3%JP¥1,700.00JP¥1,100.00n/a10
Feb ’25JP¥1,154.00
JP¥1,279.44
+10.9%
13.8%JP¥1,600.00JP¥1,090.00n/a9
Jan ’25JP¥1,082.84
JP¥1,286.50
+18.8%
12.4%JP¥1,600.00JP¥1,090.00n/a10
Dec ’24JP¥1,191.50
JP¥1,290.50
+8.3%
12.3%JP¥1,600.00JP¥1,090.00n/a10
Nov ’24JP¥1,236.50
JP¥1,294.09
+4.7%
12.4%JP¥1,600.00JP¥1,000.00JP¥1,678.5011
Oct ’24JP¥1,290.50
JP¥1,270.45
-1.6%
14.1%JP¥1,600.00JP¥1,000.00JP¥1,601.5011
Sep ’24JP¥1,188.00
JP¥1,270.45
+6.9%
14.1%JP¥1,600.00JP¥1,000.00JP¥1,519.8611
Aug ’24JP¥1,269.48
JP¥1,246.36
-1.8%
14.1%JP¥1,600.00JP¥1,000.00JP¥1,336.0011
Jul ’24JP¥1,232.25
JP¥1,250.00
+1.4%
14.2%JP¥1,600.00JP¥1,000.00JP¥1,404.0011
Jun ’24JP¥1,155.62
JP¥1,230.00
+6.4%
17.0%JP¥1,600.00JP¥950.00JP¥1,403.5013
May ’24JP¥1,091.00
JP¥1,231.54
+12.9%
18.1%JP¥1,700.00JP¥950.00JP¥1,317.6113
Apr ’24JP¥992.00
JP¥1,230.00
+24.0%
18.2%JP¥1,650.00JP¥950.00JP¥1,355.0612
Mar ’24JP¥1,055.00
JP¥1,269.23
+20.3%
18.6%JP¥1,800.00JP¥1,000.00JP¥1,260.6913
Feb ’24JP¥1,011.00
JP¥1,295.77
+28.2%
19.0%JP¥1,800.00JP¥1,000.00JP¥1,154.0013
Jan ’24JP¥1,006.24
JP¥1,303.46
+29.5%
19.0%JP¥1,800.00JP¥1,000.00JP¥1,082.8413
Dec ’23JP¥1,074.00
JP¥1,311.15
+22.1%
18.2%JP¥1,800.00JP¥1,000.00JP¥1,191.5013
Nov ’23JP¥1,087.20
JP¥1,311.15
+20.6%
17.6%JP¥1,800.00JP¥1,000.00JP¥1,236.5013

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

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