Toto Ltd.

TSE:5332 Stock Report

Market Cap: JP¥685.9b

Toto Valuation

Is 5332 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 5332 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5332 (¥4042) is trading above our estimate of fair value (¥2235.29)

Significantly Below Fair Value: 5332 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5332?

Key metric: As 5332 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5332. This is calculated by dividing 5332's market cap by their current earnings.
What is 5332's PE Ratio?
PE Ratio18.4x
EarningsJP¥37.47b
Market CapJP¥685.91b

Price to Earnings Ratio vs Peers

How does 5332's PE Ratio compare to its peers?

The above table shows the PE ratio for 5332 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
5929 Sanwa Holdings
21.6x7.0%JP¥969.2b
5393 Nichias
13.6x4.0%JP¥386.6b
1969 Takasago Thermal Engineering
20.1x6.2%JP¥395.9b
3110 Nitto Boseki
22.2x17.7%JP¥203.9b
5332 Toto
18.3x6.8%JP¥685.7b

Price-To-Earnings vs Peers: 5332 is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

How does 5332'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
5332 18.4xIndustry Avg. 11.1xNo. of Companies6PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5332 is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the JP Building industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is 5332'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.

5332 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: 5332 is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).

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 5332 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥4,042.00
JP¥4,677.00
+15.7%
8.6%JP¥5,300.00JP¥4,000.00n/a10
Nov ’25JP¥4,250.00
JP¥4,907.00
+15.5%
12.7%JP¥6,000.00JP¥4,000.00n/a10
Oct ’25JP¥5,346.00
JP¥4,836.00
-9.5%
14.0%JP¥6,000.00JP¥4,000.00n/a10
Sep ’25JP¥5,053.00
JP¥4,540.00
-10.2%
11.3%JP¥5,300.00JP¥3,600.00n/a9
Aug ’25JP¥4,525.00
JP¥4,295.56
-5.1%
13.1%JP¥5,300.00JP¥3,600.00n/a9
Jul ’25JP¥3,837.00
JP¥4,293.33
+11.9%
13.3%JP¥5,300.00JP¥3,600.00n/a9
Jun ’25JP¥3,921.00
JP¥4,248.89
+8.4%
15.2%JP¥5,300.00JP¥3,300.00n/a9
May ’25JP¥4,122.00
JP¥4,126.67
+0.1%
14.5%JP¥5,300.00JP¥3,300.00n/a9
Apr ’25JP¥4,221.00
JP¥4,016.67
-4.8%
12.4%JP¥5,100.00JP¥3,300.00n/a9
Mar ’25JP¥4,156.00
JP¥4,027.78
-3.1%
12.2%JP¥5,100.00JP¥3,300.00n/a9
Feb ’25JP¥3,809.00
JP¥4,327.78
+13.6%
14.7%JP¥5,800.00JP¥3,700.00n/a9
Jan ’25JP¥3,713.00
JP¥4,176.25
+12.5%
8.8%JP¥5,100.00JP¥3,810.00n/a8
Dec ’24JP¥3,776.00
JP¥4,281.00
+13.4%
14.5%JP¥5,800.00JP¥3,700.00n/a10
Nov ’24JP¥3,719.00
JP¥4,311.00
+15.9%
14.3%JP¥5,800.00JP¥3,700.00JP¥4,250.0010
Oct ’24JP¥3,863.00
JP¥4,494.00
+16.3%
13.5%JP¥5,800.00JP¥3,700.00JP¥5,346.0010
Sep ’24JP¥4,005.00
JP¥4,614.00
+15.2%
14.1%JP¥5,800.00JP¥3,700.00JP¥5,053.0010
Aug ’24JP¥4,328.00
JP¥4,774.00
+10.3%
11.0%JP¥5,800.00JP¥4,100.00JP¥4,525.0010
Jul ’24JP¥4,325.00
JP¥4,930.00
+14.0%
11.8%JP¥5,800.00JP¥4,100.00JP¥3,837.0010
Jun ’24JP¥4,320.00
JP¥4,960.00
+14.8%
11.4%JP¥5,800.00JP¥4,100.00JP¥3,921.0010
May ’24JP¥4,675.00
JP¥5,025.00
+7.5%
10.9%JP¥6,000.00JP¥4,300.00JP¥4,122.0010
Apr ’24JP¥4,420.00
JP¥5,069.00
+14.7%
10.9%JP¥6,000.00JP¥4,300.00JP¥4,221.0010
Mar ’24JP¥4,530.00
JP¥5,080.91
+12.2%
10.4%JP¥6,000.00JP¥4,300.00JP¥4,156.0011
Feb ’24JP¥4,600.00
JP¥5,221.82
+13.5%
9.0%JP¥6,000.00JP¥4,600.00JP¥3,809.0011
Jan ’24JP¥4,500.00
JP¥5,133.64
+14.1%
7.3%JP¥6,000.00JP¥4,600.00JP¥3,713.0011
Dec ’23JP¥4,860.00
JP¥5,142.73
+5.8%
7.4%JP¥6,000.00JP¥4,600.00JP¥3,776.0011
Nov ’23JP¥4,230.00
JP¥5,242.73
+23.9%
10.8%JP¥6,500.00JP¥4,300.00JP¥3,719.0011

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

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