ASKUL Corporation

TSE:2678 Stock Report

Market Cap: JP¥117.0b

ASKUL Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2678 (¥1307) is trading below our estimate of future cash flow value (¥1858.81)

Significantly Below Future Cash Flow Value: 2678 is trading below future cash flow 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 unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2678. This is calculated by dividing 2678's market cap by their current revenue.
What is 2678's PS Ratio?
PS Ratio0.3x
SalesJP¥451.89b
Market CapJP¥117.03b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 2678 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
2653 Aeon Kyushu
0.2xn/aJP¥99.2b
9997 Belluna
0.4xn/aJP¥93.8b
8237 Matsuya
2.9xn/aJP¥134.2b
8244 Kintetsu Department Store
0.6xn/aJP¥72.6b
2678 ASKUL
0.3x5.78%JP¥117.0b

Price-To-Sales vs Peers: 2678 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
2735 Watts
0.1x0.87%US$56.84m
3071 StreamLtd
0.09xn/aUS$18.71m
8247 DaiwaLtd
0.1xn/aUS$14.47m
No more companies available in this PS range
2678 0.3xIndustry Avg. 0.7xNo. of Companies6PS00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2678 is good value based on its Price-To-Sales Ratio (0.3x) compared to the JP Multiline Retail industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 2678's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2678 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: 2678 is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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¥1,307.00
JP¥1,476.67
+12.98%
10.92%JP¥1,700.00JP¥1,250.00n/a6
Feb ’27JP¥1,365.00
JP¥1,485.00
+8.79%
10.70%JP¥1,700.00JP¥1,250.00n/a6
Jan ’27JP¥1,400.00
JP¥1,600.00
+14.29%
17.99%JP¥2,200.00JP¥1,250.00n/a7
Dec ’26JP¥1,423.00
JP¥1,581.25
+11.12%
17.31%JP¥2,200.00JP¥1,250.00n/a8
Nov ’26JP¥1,404.00
JP¥1,555.56
+10.79%
17.17%JP¥2,200.00JP¥1,300.00n/a9
Oct ’26JP¥1,561.00
JP¥1,555.56
-0.35%
17.17%JP¥2,200.00JP¥1,300.00n/a9
Sep ’26JP¥1,540.00
JP¥1,545.56
+0.36%
17.34%JP¥2,200.00JP¥1,300.00n/a9
Aug ’26JP¥1,544.00
JP¥1,556.67
+0.82%
16.67%JP¥2,200.00JP¥1,300.00n/a9
Jul ’26JP¥1,562.00
JP¥1,597.78
+2.29%
15.81%JP¥2,200.00JP¥1,300.00n/a9
Jun ’26JP¥1,552.00
JP¥1,626.67
+4.81%
15.55%JP¥2,200.00JP¥1,300.00n/a9
May ’26JP¥1,503.00
JP¥1,626.67
+8.23%
15.55%JP¥2,200.00JP¥1,300.00n/a9
Apr ’26JP¥1,520.00
JP¥1,756.67
+15.57%
12.14%JP¥2,200.00JP¥1,450.00n/a9
Mar ’26JP¥1,587.00
JP¥1,856.67
+16.99%
13.24%JP¥2,200.00JP¥1,450.00n/a9
Feb ’26JP¥1,705.00
JP¥1,856.67
+8.90%
13.24%JP¥2,200.00JP¥1,450.00JP¥1,365.009
Jan ’26JP¥1,684.00
JP¥1,962.22
+16.52%
12.86%JP¥2,400.00JP¥1,500.00JP¥1,400.009
Dec ’25JP¥1,865.00
JP¥2,186.67
+17.25%
10.17%JP¥2,500.00JP¥1,800.00JP¥1,423.009
Nov ’25JP¥1,903.00
JP¥2,264.44
+18.99%
8.82%JP¥2,500.00JP¥1,800.00JP¥1,404.009
Oct ’25JP¥2,140.00
JP¥2,453.33
+14.64%
8.90%JP¥2,800.00JP¥2,100.00JP¥1,561.009
Sep ’25JP¥2,120.00
JP¥2,473.33
+16.67%
8.77%JP¥2,800.00JP¥2,100.00JP¥1,540.009
Aug ’25JP¥2,093.00
JP¥2,484.44
+18.70%
8.46%JP¥2,800.00JP¥2,100.00JP¥1,544.009
Jul ’25JP¥2,163.00
JP¥2,506.67
+15.89%
10.46%JP¥3,000.00JP¥2,100.00JP¥1,562.009
Jun ’25JP¥2,222.00
JP¥2,440.00
+9.81%
12.57%JP¥3,000.00JP¥2,100.00JP¥1,552.009
May ’25JP¥2,379.00
JP¥2,440.00
+2.56%
12.57%JP¥3,000.00JP¥2,100.00JP¥1,503.009
Apr ’25JP¥2,250.00
JP¥2,440.00
+8.44%
12.57%JP¥3,000.00JP¥2,100.00JP¥1,520.009
Mar ’25JP¥2,074.00
JP¥2,405.56
+15.99%
9.92%JP¥3,000.00JP¥2,200.00JP¥1,587.009
Feb ’25JP¥2,029.00
JP¥2,405.56
+18.56%
9.92%JP¥3,000.00JP¥2,200.00JP¥1,705.009
JP¥1.48k
Fair Value
11.5% undervalued intrinsic discount
6
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 Analysis2026/02/21 13:26
End of Day Share Price 2026/02/20 00:00
Earnings2025/11/20
Annual Earnings2025/05/20

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

ASKUL Corporation is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maki ShinozakiBarclays
Hidehiko AokiBofA Global Research
Keiichi YoneshimaCitigroup Inc