Topcon Corporation

TSE:7732 Stock Report

Market Cap: JP¥163.6b

Topcon Valuation

Is 7732 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 7732 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7732 (¥1571) is trading below our estimate of fair value (¥1865.53)

Significantly Below Fair Value: 7732 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7732?

Key metric: As 7732 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 7732. This is calculated by dividing 7732's market cap by their current earnings.
What is 7732's PE Ratio?
PE Ratio37.7x
EarningsJP¥4.39b
Market CapJP¥163.60b

Price to Earnings Ratio vs Peers

How does 7732's PE Ratio compare to its peers?

The above table shows the PE ratio for 7732 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
7734 Riken Keiki
23.5x17.9%JP¥172.3b
6754 Anritsu
21.9x13.4%JP¥154.9b
6744 Nohmi Bosai
17.3x7.2%JP¥169.7b
7762 Citizen Watch
10.1x-0.4%JP¥218.3b
7732 Topcon
37.7x30.2%JP¥163.6b

Price-To-Earnings vs Peers: 7732 is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does 7732's PE Ratio compare vs other companies in the JP Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
7732 37.7xIndustry Avg. 13.3xNo. of Companies21PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 7732 is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the JP Electronic industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 7732'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.

7732 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.7x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: 7732 is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

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 7732 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,567.50
JP¥1,675.00
+6.9%
13.5%JP¥2,000.00JP¥1,300.00n/a6
Nov ’25JP¥1,520.00
JP¥1,736.67
+14.3%
13.7%JP¥2,000.00JP¥1,300.00n/a6
Oct ’25JP¥1,610.50
JP¥1,745.00
+8.4%
14.8%JP¥2,000.00JP¥1,300.00n/a6
Sep ’25JP¥1,536.50
JP¥1,803.33
+17.4%
13.2%JP¥2,150.00JP¥1,500.00n/a6
Aug ’25JP¥1,503.50
JP¥1,920.00
+27.7%
16.5%JP¥2,400.00JP¥1,500.00n/a6
Jul ’25JP¥1,820.50
JP¥1,920.00
+5.5%
16.5%JP¥2,400.00JP¥1,500.00n/a6
Jun ’25JP¥1,705.00
JP¥1,878.33
+10.2%
19.2%JP¥2,400.00JP¥1,300.00n/a6
May ’25JP¥1,848.50
JP¥1,798.33
-2.7%
19.8%JP¥2,300.00JP¥1,300.00n/a6
Apr ’25JP¥1,720.50
JP¥1,798.33
+4.5%
19.8%JP¥2,300.00JP¥1,300.00n/a6
Mar ’25JP¥1,760.00
JP¥1,798.33
+2.2%
19.8%JP¥2,300.00JP¥1,300.00n/a6
Feb ’25JP¥1,750.00
JP¥1,765.00
+0.9%
19.0%JP¥2,300.00JP¥1,300.00n/a6
Jan ’25JP¥1,520.00
JP¥1,765.00
+16.1%
19.0%JP¥2,300.00JP¥1,300.00n/a6
Dec ’24JP¥1,507.50
JP¥1,798.33
+19.3%
16.4%JP¥2,300.00JP¥1,500.00n/a6
Nov ’24JP¥1,382.50
JP¥2,227.14
+61.1%
26.9%JP¥3,320.00JP¥1,500.00JP¥1,520.007
Oct ’24JP¥1,649.50
JP¥2,520.00
+52.8%
23.7%JP¥3,320.00JP¥1,500.00JP¥1,610.507
Sep ’24JP¥1,781.50
JP¥2,620.00
+47.1%
17.6%JP¥3,320.00JP¥1,920.00JP¥1,536.507
Aug ’24JP¥1,739.50
JP¥2,840.00
+63.3%
14.8%JP¥3,440.00JP¥2,200.00JP¥1,503.506
Jul ’24JP¥2,108.00
JP¥2,677.14
+27.0%
20.8%JP¥3,440.00JP¥1,700.00JP¥1,820.507
Jun ’24JP¥1,913.00
JP¥2,681.43
+40.2%
21.0%JP¥3,470.00JP¥1,700.00JP¥1,705.007
May ’24JP¥1,959.00
JP¥2,667.50
+36.2%
21.9%JP¥3,470.00JP¥1,700.00JP¥1,848.508
Apr ’24JP¥1,782.00
JP¥2,495.00
+40.0%
21.0%JP¥3,100.00JP¥1,700.00JP¥1,720.508
Mar ’24JP¥1,793.00
JP¥2,495.00
+39.2%
21.0%JP¥3,100.00JP¥1,700.00JP¥1,760.008
Feb ’24JP¥1,620.00
JP¥2,495.00
+54.0%
21.0%JP¥3,100.00JP¥1,700.00JP¥1,750.008
Jan ’24JP¥1,531.00
JP¥2,495.00
+63.0%
21.0%JP¥3,100.00JP¥1,700.00JP¥1,520.008
Dec ’23JP¥1,640.00
JP¥2,480.00
+51.2%
20.5%JP¥3,100.00JP¥1,700.00JP¥1,507.507
Nov ’23JP¥1,635.00
JP¥2,580.00
+57.8%
22.1%JP¥3,200.00JP¥1,600.00JP¥1,382.507

Analyst Forecast: Target price is less than 20% higher than the current share price.

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