Will Murata’s SiC-Ready High-Voltage MLCC Push Change Murata Manufacturing's (TSE:6981) Narrative?

• Earlier this month, Murata Manufacturing launched and began mass production of a compact 1.25kV, up to 15nF C0G multilayer ceramic capacitor aimed at EV onboard chargers and high-performance consumer power supplies.
• By aligning this high-voltage MLCC with the industry’s move toward SiC MOSFET-based power conversion, Murata is directly targeting a technically demanding and fast-evolving segment of the electronics supply chain.
• We’ll now examine how this push into SiC-ready high-voltage MLCCs shapes Murata’s investment narrative and future growth positioning.

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What Is Murata Manufacturing's Investment Narrative?

To own Murata, you have to believe in its ability to convert strong component know‑how into steady, above‑market earnings growth while justifying a premium multiple. The new SiC‑ready 1.25kV MLCC and the wider CES 2026 showcase reinforce Murata’s positioning in EV power electronics, connectivity, sensing and health tech, but, in my view, they do not radically change the near‑term picture. The more immediate catalysts still look company‑specific: delivery against management’s revenue and profit guidance, execution of the sizeable buyback, and capital allocation after the Singapore delisting and dividend uplift. On the risk side, a relatively high P/E versus domestic electronics peers, modest ROE and a share price that has already run hard over the past quarter leave less room for disappointment if growth or margins soften.

However, investors also need to weigh how much they are paying for Murata’s recent earnings momentum. Murata Manufacturing's shares have been on the rise but are still potentially undervalued by 10%. Find out what it's worth.

Exploring Other Perspectives

Two Simply Wall St Community fair value estimates cluster between JP¥3,490 and JP¥3,770, reflecting different return expectations. Set against premium valuation and execution risks, these contrasting views underline why it helps to compare multiple angles on Murata’s future performance.

Explore 2 other fair value estimates on Murata Manufacturing - why the stock might be worth as much as 11% more than the current price!

Build Your Own Murata Manufacturing Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Murata Manufacturing research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Murata Manufacturing research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Murata Manufacturing's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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