Ricoh Company, Ltd.

LSE:RICO Stock Report

Market Cap: JP¥802.3b

Ricoh Company Valuation

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

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

Below Fair Value: RICO (¥1378) is trading below our estimate of fair value (¥1661.2)

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 Ratio13.1x
EarningsJP¥61.02b
Market CapJP¥802.34b

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 Average59.2x
RPI Raspberry Pi Holdings
86.5x40.87%UK£608.9m
CNC Concurrent Technologies
41.7x17.35%UK£200.5m
RSW Renishaw
31.5x16.05%UK£2.6b
OXIG Oxford Instruments
77.1x40.23%UK£1.2b
RICO Ricoh Company
13.1x5.02%JP¥802.3b

Price-To-Earnings vs Peers: RICO is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (59.2x).

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
RICO 13.1xIndustry Avg. 27.0xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RICO is good value based on its Price-To-Earnings Ratio (13.1x) compared to the European Tech industry average (27.2x).

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 Ratio13.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RICO's Price-To-Earnings Fair Ratio for valuation analysis.

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¥1,378.00
JP¥1,427.78
+3.61%
12.26%JP¥1,800.00JP¥1,100.00n/a9
Dec ’26JP¥1,365.50
JP¥1,427.78
+4.56%
12.26%JP¥1,800.00JP¥1,100.00n/a9
Nov ’26JP¥1,324.00
JP¥1,416.67
+7.00%
10.78%JP¥1,700.00JP¥1,100.00n/a9
Oct ’26JP¥1,281.00
JP¥1,416.67
+10.59%
10.78%JP¥1,700.00JP¥1,100.00n/a9
Sep ’26JP¥1,318.00
JP¥1,435.00
+8.88%
10.46%JP¥1,700.00JP¥1,100.00n/a10
Aug ’26n/a
JP¥1,455.00
0%
12.05%JP¥1,800.00JP¥1,100.00n/a10
Jul ’26JP¥1,374.50
JP¥1,470.00
+6.95%
11.90%JP¥1,800.00JP¥1,100.00n/a10
Jun ’26JP¥1,388.00
JP¥1,535.00
+10.59%
11.29%JP¥1,800.00JP¥1,200.00n/a10
May ’26JP¥1,511.00
JP¥1,565.00
+3.57%
11.79%JP¥1,900.00JP¥1,200.00n/a10
Apr ’26JP¥1,578.00
JP¥1,580.00
+0.13%
15.64%JP¥1,900.00JP¥1,100.00n/a10
Mar ’26JP¥1,624.50
JP¥1,570.00
-3.35%
15.55%JP¥1,900.00JP¥1,100.00n/a10
Feb ’26JP¥1,786.50
JP¥1,600.00
-10.44%
13.26%JP¥1,900.00JP¥1,100.00n/a9
Jan ’26n/a
JP¥1,515.00
0%
16.31%JP¥1,900.00JP¥1,100.00JP¥1,374.0010
Dec ’25JP¥1,721.00
JP¥1,475.00
-14.29%
16.69%JP¥1,900.00JP¥1,100.00JP¥1,365.5010
Nov ’25JP¥1,678.50
JP¥1,377.50
-17.93%
11.61%JP¥1,700.00JP¥1,100.00JP¥1,324.0010
Oct ’25JP¥1,601.50
JP¥1,362.50
-14.92%
11.35%JP¥1,700.00JP¥1,100.00JP¥1,281.0010
Sep ’25JP¥1,519.86
JP¥1,362.50
-10.35%
11.35%JP¥1,700.00JP¥1,100.00JP¥1,318.0010
Aug ’25JP¥1,336.00
JP¥1,402.78
+5.00%
13.71%JP¥1,700.00JP¥1,100.00n/a9
Jul ’25JP¥1,404.00
JP¥1,380.56
-1.67%
12.30%JP¥1,700.00JP¥1,100.00JP¥1,374.509
Jun ’25JP¥1,403.50
JP¥1,390.63
-0.92%
12.77%JP¥1,700.00JP¥1,100.00JP¥1,388.008
May ’25JP¥1,317.61
JP¥1,330.56
+0.98%
13.25%JP¥1,700.00JP¥1,100.00JP¥1,511.009
Apr ’25JP¥1,355.06
JP¥1,273.89
-5.99%
14.92%JP¥1,700.00JP¥1,100.00JP¥1,578.009
Mar ’25JP¥1,260.69
JP¥1,266.50
+0.46%
14.34%JP¥1,700.00JP¥1,100.00JP¥1,624.5010
Feb ’25JP¥1,154.00
JP¥1,279.44
+10.87%
13.81%JP¥1,600.00JP¥1,090.00JP¥1,786.509
Jan ’25JP¥1,082.84
JP¥1,286.50
+18.81%
12.42%JP¥1,600.00JP¥1,090.00n/a10
JP¥1.4k
Fair Value
1.3% undervalued intrinsic discount
9
Number of Analysts

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 Analysis2026/01/06 12:10
End of Day Share Price 2026/01/05 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

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

Ricoh Company, Ltd. is covered by 21 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
Masahiro NakanomyoBarclays
Takashi IwaiBofA Global Research
Masahiro ShibanoCitigroup Inc