Resona Holdings, Inc.

TSE:8308 Stock Report

Market Cap: JP¥2.4t

Resona Holdings Valuation

Is 8308 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 8308 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8308 (¥1002.5) is trading below our estimate of fair value (¥1708.45)

Significantly Below Fair Value: 8308 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8308?

Other financial metrics that can be useful for relative valuation.

8308 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does 8308's PE Ratio compare to its peers?

The above table shows the PE ratio for 8308 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
7186 Concordia Financial Group
13.3x11.9%JP¥932.8b
8331 Chiba Bank
12.7x10.6%JP¥822.8b
8354 Fukuoka Financial Group
11.3x1.7%JP¥696.5b
5831 Shizuoka Financial GroupInc
10.9x7.6%JP¥693.2b
8308 Resona Holdings
12.9x9.5%JP¥2.4t

Price-To-Earnings vs Peers: 8308 is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

How does 8308's PE Ratio compare vs other companies in the JP Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.4%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 8308 is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the JP Banks industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is 8308'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.

8308 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio13.8x

Price-To-Earnings vs Fair Ratio: 8308 is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

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 8308 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,002.50
JP¥1,109.55
+10.7%
14.1%JP¥1,320.00JP¥740.00n/a11
Sep ’25JP¥1,030.50
JP¥1,105.91
+7.3%
14.3%JP¥1,320.00JP¥740.00n/a11
Aug ’25JP¥1,160.50
JP¥1,105.91
-4.7%
14.3%JP¥1,320.00JP¥740.00n/a11
Jul ’25JP¥1,087.00
JP¥1,043.18
-4.0%
15.3%JP¥1,300.00JP¥740.00n/a11
Jun ’25JP¥1,084.00
JP¥988.64
-8.8%
12.4%JP¥1,200.00JP¥740.00n/a11
May ’25JP¥991.80
JP¥958.36
-3.4%
15.5%JP¥1,200.00JP¥640.00n/a11
Apr ’25JP¥924.00
JP¥916.55
-0.8%
16.4%JP¥1,200.00JP¥640.00n/a11
Mar ’25JP¥843.30
JP¥857.45
+1.7%
12.7%JP¥1,100.00JP¥640.00n/a11
Feb ’25JP¥805.00
JP¥855.64
+6.3%
13.2%JP¥1,100.00JP¥620.00n/a11
Jan ’25JP¥716.50
JP¥855.45
+19.4%
13.2%JP¥1,100.00JP¥620.00n/a11
Dec ’24JP¥782.50
JP¥867.00
+10.8%
14.3%JP¥1,100.00JP¥620.00n/a10
Nov ’24JP¥832.40
JP¥862.00
+3.6%
14.3%JP¥1,100.00JP¥650.00n/a10
Oct ’24JP¥828.30
JP¥826.00
-0.3%
11.3%JP¥990.00JP¥650.00n/a10
Sep ’24JP¥782.10
JP¥776.36
-0.7%
10.8%JP¥900.00JP¥650.00JP¥1,030.5011
Aug ’24JP¥746.80
JP¥731.82
-2.0%
10.0%JP¥900.00JP¥650.00JP¥1,160.5011
Jul ’24JP¥690.30
JP¥720.00
+4.3%
9.2%JP¥900.00JP¥650.00JP¥1,087.0011
Jun ’24JP¥642.80
JP¥719.09
+11.9%
9.4%JP¥840.00JP¥630.00JP¥1,084.0011
May ’24JP¥677.70
JP¥724.55
+6.9%
8.8%JP¥840.00JP¥630.00JP¥991.8011
Apr ’24JP¥639.50
JP¥715.45
+11.9%
11.1%JP¥840.00JP¥550.00JP¥924.0011
Mar ’24JP¥738.40
JP¥713.64
-3.4%
14.4%JP¥840.00JP¥500.00JP¥843.3011
Feb ’24JP¥710.00
JP¥706.36
-0.5%
13.4%JP¥810.00JP¥500.00JP¥805.0011
Jan ’24JP¥723.20
JP¥678.18
-6.2%
14.1%JP¥810.00JP¥500.00JP¥716.5011
Dec ’23JP¥644.90
JP¥631.36
-2.1%
12.7%JP¥750.00JP¥500.00JP¥782.5011
Nov ’23JP¥562.30
JP¥599.55
+6.6%
11.1%JP¥740.00JP¥500.00JP¥832.4011
Oct ’23JP¥528.00
JP¥597.73
+13.2%
11.2%JP¥740.00JP¥500.00JP¥828.3011
Sep ’23JP¥514.00
JP¥592.50
+15.3%
11.5%JP¥740.00JP¥500.00JP¥782.1010

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

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