Tsuruha Holdings Inc.

TSE:3391 Stock Report

Market Cap: JP¥569.5b

Tsuruha Holdings Valuation

Is 3391 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 3391 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
JP¥6.98k
Fair Value
71.2% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: 3391 (¥11955) is trading above our estimate of fair value (¥6982.9)

Significantly Below Fair Value: 3391 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3391?

Key metric: As 3391 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 3391. This is calculated by dividing 3391's market cap by their current book value.
What is 3391's PB Ratio?
PB Ration/a
BookJP¥0
Market CapJP¥569.52b

Price to Book Ratio vs Peers

How does 3391's PB Ratio compare to its peers?

The above table shows the PB ratio for 3391 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.5x
9989 SundrugLtd
2x5.63%JP¥537.8b
7649 Sugi HoldingsLtd
2.5x-3.13%JP¥665.0b
3349 COSMOS Pharmaceutical
3x5.70%JP¥731.7b
3088 MatsukiyoCocokara
2.4x6.29%JP¥1.3t
3391 Tsuruha Holdings
2.1x15.72%JP¥569.5b

Price-To-Earnings vs Peers: 3391 is expensive based on its Price-To-Earnings Ratio (37.8x) compared to the peer average (27.8x).

Price to Book Ratio vs Industry

How does 3391's PB Ratio compare vs other companies in the JP Consumer Retailing Industry?

0 CompaniesPrice / BookEstimated GrowthMarket Cap
3391 is unprofitableIndustry Avg. 1.2xNo. of Companies16PB00.81.62.43.24+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3391 is expensive based on its Price-To-Earnings Ratio (37.8x) compared to the JP Consumer Retailing industry average (13.3x).

Price to Book Ratio vs Fair Ratio

What is 3391's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3391 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ration/a
Fair PB Ration/a

Price-To-Earnings vs Fair Ratio: 3391 is expensive based on its Price-To-Earnings Ratio (37.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).

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 3391 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥11,955.00
JP¥11,524.44
-3.60%
7.53%JP¥13,100.00JP¥9,800.00n/a9
Jul ’26JP¥11,200.00
JP¥11,468.89
+2.40%
7.76%JP¥13,100.00JP¥9,800.00n/a9
Jun ’26JP¥11,305.00
JP¥10,608.89
-6.16%
11.72%JP¥13,100.00JP¥9,000.00n/a9
May ’26JP¥11,350.00
JP¥10,064.44
-11.33%
9.39%JP¥11,600.00JP¥9,000.00n/a9
Apr ’26JP¥9,326.00
JP¥9,824.44
+5.34%
10.94%JP¥12,000.00JP¥8,720.00n/a9
Mar ’26JP¥9,176.00
JP¥9,822.00
+7.04%
10.38%JP¥12,000.00JP¥8,720.00n/a10
Feb ’26JP¥9,506.00
JP¥9,756.36
+2.63%
10.19%JP¥12,000.00JP¥8,720.00n/a11
Jan ’26JP¥8,725.00
JP¥9,756.36
+11.82%
10.19%JP¥12,000.00JP¥8,720.00n/a11
Dec ’25JP¥8,291.00
JP¥10,045.45
+21.16%
9.44%JP¥12,000.00JP¥9,000.00n/a11
Nov ’25JP¥8,471.00
JP¥10,118.18
+19.44%
8.84%JP¥12,000.00JP¥9,100.00n/a11
Oct ’25JP¥9,111.00
JP¥10,127.27
+11.15%
8.86%JP¥12,000.00JP¥9,100.00n/a11
Sep ’25JP¥8,838.00
JP¥10,220.00
+15.64%
8.64%JP¥12,000.00JP¥8,920.00n/a11
Aug ’25JP¥9,145.00
JP¥10,770.00
+17.77%
6.92%JP¥12,000.00JP¥9,600.00n/a10
Jul ’25JP¥9,245.00
JP¥11,010.00
+19.09%
7.63%JP¥12,400.00JP¥9,600.00JP¥11,200.0010
Jun ’25JP¥9,302.00
JP¥11,780.00
+26.64%
8.75%JP¥13,500.00JP¥10,200.00JP¥11,305.0010
May ’25JP¥9,884.00
JP¥11,940.00
+20.80%
7.43%JP¥13,500.00JP¥10,600.00JP¥11,350.0010
Apr ’25JP¥10,760.00
JP¥12,240.00
+13.75%
6.46%JP¥13,500.00JP¥10,600.00JP¥9,326.0010
Mar ’25JP¥11,105.00
JP¥12,053.00
+8.54%
8.90%JP¥14,300.00JP¥10,600.00JP¥9,176.0010
Feb ’25JP¥11,485.00
JP¥11,866.36
+3.32%
9.28%JP¥14,300.00JP¥10,600.00JP¥9,506.0011
Jan ’25JP¥12,925.00
JP¥11,866.36
-8.19%
9.28%JP¥14,300.00JP¥10,600.00JP¥8,725.0011
Dec ’24JP¥12,290.00
JP¥11,113.64
-9.57%
8.06%JP¥13,000.00JP¥10,000.00JP¥8,291.0011
Nov ’24JP¥11,060.00
JP¥11,113.64
+0.48%
8.06%JP¥13,000.00JP¥10,000.00JP¥8,471.0011
Oct ’24JP¥10,045.00
JP¥11,090.00
+10.40%
8.44%JP¥13,000.00JP¥10,000.00JP¥9,111.0010
Sep ’24JP¥10,660.00
JP¥10,541.67
-1.11%
13.36%JP¥13,000.00JP¥8,100.00JP¥8,838.0012
Aug ’24JP¥10,970.00
JP¥10,491.67
-4.36%
14.16%JP¥13,000.00JP¥8,000.00JP¥9,145.0012
Jul ’24JP¥10,705.00
JP¥10,108.33
-5.57%
14.74%JP¥13,000.00JP¥8,000.00JP¥9,245.0012
AnalystConsensusTarget
Consensus Narrative from 9 Analysts
JP¥11.52k
Fair Value
3.7% overvalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/17 07:39
End of Day Share Price 2025/07/17 00:00
Earnings2025/02/28
Annual Earnings2025/02/28

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

Tsuruha Holdings Inc. is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Toby WilliamsBofA Global Research
Mitsuru TakayanagiCitigroup Inc
Jun KawaharaDaiwa Securities Co. Ltd.