Nitto Boseki Co., Ltd.

TSE:3110 Stock Report

Market Cap: JP¥222.8b

Nitto Boseki Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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.

Discounted Cash Flow
Simply Wall St
JP¥1.60k
Fair Value
281.4% overvalued intrinsic discount
7
Number of Analysts

Below Fair Value: 3110 (¥6120) is trading above our estimate of fair value (¥1604.48)

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 Ratio24.2x
EarningsJP¥9.19b
Market CapJP¥222.82b

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 Average13.9x
5393 Nichias
11.8x4.0%JP¥335.2b
5930 Bunka Shutter
13.7xn/aJP¥132.9b
7981 Takara StandardLtd
12.2xn/aJP¥125.9b
1969 Takasago Thermal Engineering
18.1x6.3%JP¥394.3b
3110 Nitto Boseki
24.2x18.0%JP¥222.8b

Price-To-Earnings vs Peers: 3110 is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (13.8x).

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 24.2xIndustry Avg. 11.5xNo. of Companies6PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3110 is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the JP Building industry average (11.5x).

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 Ratio24.2x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: 3110 is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

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 3110 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥6,120.00
JP¥7,044.29
+15.1%
14.4%JP¥8,650.00JP¥5,300.00n/a7
Jan ’26JP¥6,420.00
JP¥7,030.00
+9.5%
14.3%JP¥8,650.00JP¥5,300.00n/a7
Dec ’25JP¥6,000.00
JP¥6,972.86
+16.2%
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¥3,800.00JP¥5,770.008
Jan ’25JP¥4,595.00
JP¥4,631.67
+0.8%
9.0%JP¥5,000.00JP¥3,800.00JP¥6,420.006
Dec ’24JP¥4,555.00
JP¥4,577.14
+0.5%
9.9%JP¥5,000.00JP¥3,800.00JP¥6,000.007
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
Analyst Price Target
Consensus Narrative from 7 Analysts
JP¥7.04k
Fair Value
13.1% undervalued intrinsic discount
7
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 Analysis2025/02/07 07:27
End of Day Share Price 2025/02/07 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.

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

Nitto Boseki Co., Ltd. is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Skye ChenAletheia Analyst Network Limited
Warren LauAletheia Analyst Network Limited
Takashi EnomotoBofA Global Research