Advantest Corporation

TSE:6857 Stock Report

Market Cap: JP¥7.1t

Advantest Valuation

Is 6857 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 6857 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6857 (¥9359) is trading above our estimate of fair value (¥4305.91)

Significantly Below Fair Value: 6857 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6857?

Key metric: As 6857 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6857. This is calculated by dividing 6857's market cap by their current earnings.
What is 6857's PE Ratio?
PE Ratio65.5x
EarningsJP¥105.70b
Market CapJP¥7.05t

Price to Earnings Ratio vs Peers

How does 6857's PE Ratio compare to its peers?

The above table shows the PE ratio for 6857 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.1x
6146 Disco
43.8x15.4%JP¥4.6t
8035 Tokyo Electron
21.3x13.0%JP¥10.1t
7735 SCREEN Holdings
9.6x6.7%JP¥806.1b
6920 Lasertec
25.8x15.5%JP¥1.6t
6857 Advantest
65.5x17.3%JP¥7.1t

Price-To-Earnings vs Peers: 6857 is expensive based on its Price-To-Earnings Ratio (65.5x) compared to the peer average (25.1x).

Price to Earnings Ratio vs Industry

How does 6857's PE Ratio compare vs other companies in the JP Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
3856 Abalance
1.5xn/aUS$94.29m
No more companies available in this PE range
6857 65.5xIndustry Avg. 13.7xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6857 is expensive based on its Price-To-Earnings Ratio (65.5x) compared to the JP Semiconductor industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is 6857'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.

6857 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.5x
Fair PE Ratio28.4x

Price-To-Earnings vs Fair Ratio: 6857 is expensive based on its Price-To-Earnings Ratio (65.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.4x).

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 6857 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥9,385.00
JP¥9,310.00
-0.8%
16.0%JP¥11,100.00JP¥6,000.00n/a15
Nov ’25JP¥8,745.00
JP¥8,990.00
+2.8%
15.1%JP¥11,100.00JP¥6,000.00n/a15
Oct ’25JP¥6,890.00
JP¥7,963.46
+15.6%
4.7%JP¥8,700.00JP¥7,200.00n/a13
Sep ’25JP¥6,641.00
JP¥7,417.86
+11.7%
12.1%JP¥8,700.00JP¥5,600.00n/a14
Aug ’25JP¥6,863.00
JP¥7,200.00
+4.9%
13.1%JP¥8,700.00JP¥5,600.00n/a14
Jul ’25JP¥6,420.00
JP¥6,686.67
+4.2%
14.0%JP¥8,250.00JP¥5,250.00n/a15
Jun ’25JP¥5,313.00
JP¥6,693.33
+26.0%
13.3%JP¥8,250.00JP¥5,200.00n/a15
May ’25JP¥5,142.00
JP¥6,840.00
+33.0%
14.6%JP¥8,250.00JP¥5,000.00n/a15
Apr ’25JP¥6,481.00
JP¥7,000.00
+8.0%
14.8%JP¥8,500.00JP¥5,400.00n/a15
Mar ’25JP¥7,119.00
JP¥6,618.75
-7.0%
19.0%JP¥8,500.00JP¥4,400.00n/a16
Feb ’25JP¥5,943.00
JP¥5,539.69
-6.8%
15.7%JP¥7,100.00JP¥4,200.00n/a16
Jan ’25JP¥4,797.00
JP¥4,899.33
+2.1%
15.8%JP¥5,900.00JP¥3,750.00n/a15
Dec ’24JP¥4,622.00
JP¥4,934.38
+6.8%
15.5%JP¥5,900.00JP¥3,750.00n/a16
Nov ’24JP¥3,590.00
JP¥4,813.82
+34.1%
20.0%JP¥5,900.00JP¥2,750.00JP¥8,745.0017
Oct ’24JP¥4,181.00
JP¥4,893.38
+17.0%
23.2%JP¥6,500.00JP¥2,500.00JP¥6,890.0017
Sep ’24JP¥4,562.50
JP¥4,712.50
+3.3%
25.7%JP¥6,500.00JP¥2,500.00JP¥6,641.0017
Aug ’24JP¥5,077.50
JP¥4,616.91
-9.1%
25.6%JP¥6,500.00JP¥2,500.00JP¥6,863.0017
Jul ’24JP¥4,787.50
JP¥4,337.13
-9.4%
25.8%JP¥6,500.00JP¥2,500.00JP¥6,420.0017
Jun ’24JP¥4,497.50
JP¥3,570.59
-20.6%
20.4%JP¥5,250.00JP¥2,500.00JP¥5,313.0017
May ’24JP¥2,690.00
JP¥3,165.44
+17.7%
18.5%JP¥4,375.00JP¥1,850.00JP¥5,142.0017
Apr ’24JP¥3,040.00
JP¥3,034.82
-0.2%
17.6%JP¥3,762.50JP¥1,850.00JP¥6,481.0014
Mar ’24JP¥2,765.00
JP¥2,834.62
+2.5%
15.7%JP¥3,575.00JP¥1,850.00JP¥7,119.0013
Feb ’24JP¥2,392.50
JP¥2,728.85
+14.1%
15.9%JP¥3,300.00JP¥1,850.00JP¥5,943.0013
Jan ’24JP¥2,120.00
JP¥2,638.46
+24.5%
16.3%JP¥3,250.00JP¥1,850.00JP¥4,797.0013
Dec ’23JP¥2,382.50
JP¥2,608.65
+9.5%
16.7%JP¥3,250.00JP¥1,850.00JP¥4,622.0013
Nov ’23JP¥1,967.50
JP¥2,509.67
+27.6%
20.5%JP¥3,750.00JP¥1,432.50JP¥3,590.0015

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

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