ASKUL Corporation

TSE:2678 Stock Report

Market Cap: JP¥179.2b

ASKUL Valuation

Is 2678 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 2678 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2678 (¥1880) is trading below our estimate of fair value (¥2669.31)

Significantly Below Fair Value: 2678 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2678?

Key metric: As 2678 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2678. This is calculated by dividing 2678's market cap by their current earnings.
What is 2678's PE Ratio?
PE Ratio9.5x
EarningsJP¥18.95b
Market CapJP¥179.24b

Price to Earnings Ratio vs Peers

How does 2678's PE Ratio compare to its peers?

The above table shows the PE ratio for 2678 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.4x
2782 Seria
19x6.9%JP¥206.5b
8273 Izumi
12.3x11.2%JP¥223.5b
2653 Aeon Kyushu
17.3xn/aJP¥88.9b
4385 Mercari
25x16.4%JP¥339.4b
2678 ASKUL
9.5x-3.7%JP¥179.2b

Price-To-Earnings vs Peers: 2678 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (18.4x).

Price to Earnings Ratio vs Industry

How does 2678's PE Ratio compare vs other companies in the JP Multiline Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
2678 9.5xIndustry Avg. 13.9xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2678 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the JP Multiline Retail industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2678'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.

2678 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ratio11.9x

Price-To-Earnings vs Fair Ratio: 2678 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).

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 2678 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,880.00
JP¥2,264.44
+20.4%
8.8%JP¥2,500.00JP¥1,800.00n/a9
Nov ’25JP¥1,903.00
JP¥2,264.44
+19.0%
8.8%JP¥2,500.00JP¥1,800.00n/a9
Oct ’25JP¥2,140.00
JP¥2,453.33
+14.6%
8.9%JP¥2,800.00JP¥2,100.00n/a9
Sep ’25JP¥2,120.00
JP¥2,473.33
+16.7%
8.8%JP¥2,800.00JP¥2,100.00n/a9
Aug ’25JP¥2,093.00
JP¥2,484.44
+18.7%
8.5%JP¥2,800.00JP¥2,100.00n/a9
Jul ’25JP¥2,163.00
JP¥2,506.67
+15.9%
10.5%JP¥3,000.00JP¥2,100.00n/a9
Jun ’25JP¥2,222.00
JP¥2,440.00
+9.8%
12.6%JP¥3,000.00JP¥2,100.00n/a9
May ’25JP¥2,379.00
JP¥2,440.00
+2.6%
12.6%JP¥3,000.00JP¥2,100.00n/a9
Apr ’25JP¥2,250.00
JP¥2,440.00
+8.4%
12.6%JP¥3,000.00JP¥2,100.00n/a9
Mar ’25JP¥2,074.00
JP¥2,405.56
+16.0%
9.9%JP¥3,000.00JP¥2,200.00n/a9
Feb ’25JP¥2,029.00
JP¥2,405.56
+18.6%
9.9%JP¥3,000.00JP¥2,200.00n/a9
Jan ’25JP¥2,150.00
JP¥2,361.11
+9.8%
10.7%JP¥3,000.00JP¥2,100.00n/a9
Dec ’24JP¥2,152.00
JP¥2,293.75
+6.6%
11.9%JP¥3,000.00JP¥2,100.00n/a8
Nov ’24JP¥1,980.00
JP¥2,246.67
+13.5%
12.6%JP¥3,000.00JP¥1,950.00JP¥1,903.009
Oct ’24JP¥1,960.00
JP¥2,275.00
+16.1%
13.0%JP¥3,000.00JP¥1,900.00JP¥2,140.008
Sep ’24JP¥1,981.00
JP¥2,261.11
+14.1%
12.8%JP¥3,000.00JP¥1,900.00JP¥2,120.009
Aug ’24JP¥1,984.00
JP¥2,194.44
+10.6%
16.9%JP¥3,000.00JP¥1,500.00JP¥2,093.009
Jul ’24JP¥2,000.00
JP¥2,033.33
+1.7%
15.7%JP¥2,700.00JP¥1,500.00JP¥2,163.009
Jun ’24JP¥1,792.00
JP¥2,011.11
+12.2%
16.3%JP¥2,700.00JP¥1,500.00JP¥2,222.009
May ’24JP¥1,790.00
JP¥2,000.00
+11.7%
16.3%JP¥2,700.00JP¥1,500.00JP¥2,379.009
Apr ’24JP¥1,723.00
JP¥2,000.00
+16.1%
16.3%JP¥2,700.00JP¥1,500.00JP¥2,250.009
Mar ’24JP¥1,717.00
JP¥1,972.22
+14.9%
15.3%JP¥2,700.00JP¥1,550.00JP¥2,074.009
Feb ’24JP¥1,691.00
JP¥1,950.00
+15.3%
15.7%JP¥2,700.00JP¥1,550.00JP¥2,029.009
Jan ’24JP¥1,709.00
JP¥1,938.89
+13.5%
13.3%JP¥2,500.00JP¥1,550.00JP¥2,150.009
Dec ’23JP¥1,597.00
JP¥1,938.89
+21.4%
14.7%JP¥2,500.00JP¥1,450.00JP¥2,152.009
Nov ’23JP¥1,563.00
JP¥1,994.44
+27.6%
15.1%JP¥2,500.00JP¥1,450.00JP¥1,980.009

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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