Nitto Boseki Co., Ltd.

TSE:3110 Stock Report

Market Cap: JP¥203.9b

Nitto Boseki Valuation

Is 3110 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 3110 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3110 (¥5600) is trading above our estimate of fair value (¥144.64)

Significantly Below Fair Value: 3110 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3110?

Key metric: As 3110 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3110. This is calculated by dividing 3110's market cap by their current earnings.
What is 3110's PE Ratio?
PE Ratio22.2x
EarningsJP¥9.19b
Market CapJP¥203.88b

Price to Earnings Ratio vs Peers

How does 3110's PE Ratio compare to its peers?

The above table shows the PE ratio for 3110 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
5930 Bunka Shutter
13.6xn/aJP¥132.1b
7981 Takara StandardLtd
12.3xn/aJP¥110.2b
5393 Nichias
13.6x4.0%JP¥386.6b
7943 Nichiha
15.1x21.6%JP¥99.3b
3110 Nitto Boseki
22.2x17.7%JP¥203.9b

Price-To-Earnings vs Peers: 3110 is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

How does 3110's PE Ratio compare vs other companies in the JP Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
3110 22.2xIndustry Avg. 11.1xNo. of Companies6PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3110 is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the JP Building industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is 3110'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.

3110 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.2x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: 3110 is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

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 3110 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥5,600.00
JP¥6,972.86
+24.5%
14.8%JP¥8,650.00JP¥5,300.00n/a7
Nov ’25JP¥7,400.00
JP¥6,910.00
-6.6%
13.2%JP¥8,050.00JP¥5,300.00n/a8
Oct ’25JP¥6,170.00
JP¥6,860.00
+11.2%
13.0%JP¥8,050.00JP¥5,300.00n/a8
Sep ’25JP¥5,760.00
JP¥7,108.89
+23.4%
12.5%JP¥8,050.00JP¥5,300.00n/a9
Aug ’25JP¥5,610.00
JP¥7,236.67
+29.0%
12.5%JP¥8,600.00JP¥5,300.00n/a9
Jul ’25JP¥6,500.00
JP¥7,447.78
+14.6%
12.7%JP¥8,600.00JP¥5,300.00n/a9
Jun ’25JP¥6,920.00
JP¥7,035.56
+1.7%
15.2%JP¥8,000.00JP¥5,300.00n/a9
May ’25JP¥5,500.00
JP¥6,885.56
+25.2%
15.3%JP¥8,000.00JP¥5,300.00n/a9
Apr ’25JP¥5,730.00
JP¥6,796.67
+18.6%
17.8%JP¥8,000.00JP¥4,500.00n/a9
Mar ’25JP¥6,050.00
JP¥6,568.89
+8.6%
20.0%JP¥8,000.00JP¥4,500.00n/a9
Feb ’25JP¥5,030.00
JP¥5,198.75
+3.4%
22.9%JP¥8,000.00JP¥3,800.00n/a8
Jan ’25JP¥4,595.00
JP¥4,631.67
+0.8%
9.0%JP¥5,000.00JP¥3,800.00n/a6
Dec ’24JP¥4,555.00
JP¥4,577.14
+0.5%
9.9%JP¥5,000.00JP¥3,800.00n/a7
Nov ’24JP¥3,450.00
JP¥4,262.86
+23.6%
5.8%JP¥4,500.00JP¥3,800.00JP¥7,400.007
Oct ’24JP¥3,490.00
JP¥4,262.86
+22.1%
5.8%JP¥4,500.00JP¥3,800.00JP¥6,170.007
Sep ’24JP¥3,935.00
JP¥3,890.00
-1.1%
18.9%JP¥4,500.00JP¥2,600.00JP¥5,760.006
Aug ’24JP¥2,812.00
JP¥2,846.67
+1.2%
7.5%JP¥3,200.00JP¥2,600.00JP¥5,610.006
Jul ’24JP¥2,287.00
JP¥2,716.67
+18.8%
11.2%JP¥3,200.00JP¥2,200.00JP¥6,500.006
Jun ’24JP¥2,454.00
JP¥2,550.00
+3.9%
12.2%JP¥3,000.00JP¥2,200.00JP¥6,920.006
May ’24JP¥1,904.00
JP¥2,416.67
+26.9%
11.8%JP¥3,000.00JP¥2,200.00JP¥5,500.006
Apr ’24JP¥2,015.00
JP¥2,433.33
+20.8%
11.3%JP¥3,000.00JP¥2,200.00JP¥5,730.006
Mar ’24JP¥2,100.00
JP¥2,433.33
+15.9%
9.1%JP¥2,800.00JP¥2,200.00JP¥6,050.006
Feb ’24JP¥2,036.00
JP¥2,604.29
+27.9%
19.2%JP¥3,700.00JP¥2,100.00JP¥5,030.007
Jan ’24JP¥1,907.00
JP¥2,954.29
+54.9%
18.4%JP¥3,700.00JP¥2,100.00JP¥4,595.007
Dec ’23JP¥2,188.00
JP¥3,297.14
+50.7%
11.2%JP¥3,700.00JP¥2,800.00JP¥4,555.007
Nov ’23JP¥2,216.00
JP¥3,382.86
+52.7%
9.1%JP¥3,700.00JP¥2,850.00JP¥3,450.007

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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