TSUKURUBA Inc.

2978 TSE Real Estate Real Estate
TSE Growth
¥336.00
-0.88%
Delayed · cached 15 min

Fair value analysis

2978
TSUKURUBA Inc.
Real EstateReal Estate
¥336.00
Close used for this calculation
¥171.32Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
17/100
Profitability4/25
Returns6/25
Balance Sheet3/25
Efficiency4/25
Growth0/25
Weak
Quality radar
17Prof.4/25Ret.6/25Eff.4/25B.Sht3/25Growth0/25

Consensus fair value

¥171.32
Above FV
▼ -49.0% against the close used
Model range ¥43.39 – ¥187.60
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear¥43.39Fair value¥171.32Bull¥187.60
FairClose
52-week traded range
52W low ¥330.0052W high ¥612.00

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading above the consensus fair value

TSUKURUBA Inc. closed at ¥336.00, 96.1% above the consensus fair value of ¥171.32 drawn from 7 valuation models.

Financial DNA score 17/100 — Weak. P/E of 35.8x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥175.80
-47.7%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
¥141.53
-57.9%
√(22.5 × EPS × BVPS)
EPS=9.38, BVPS=94.92 · outside Graham range (P/E 35.8, P/B 3.5) — asset-light, treat as a rough floor
P/E Fair Value
¥187.60
-44.2%
EPS × 20x (sector P/E)
EPS=9.38, Sector P/E=20x
EV/EBITDA
¥45.46
-86.5%
(EBITDA × 10x − Net Debt) ÷ Shares
EBITDA=296.61M
Book Value (P/B)
¥43.39
-87.1%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=94.92, ROE=6.2%, g=3%, r=10%
Reverse DCF
¥336.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 15% | Historical: 0%
Margin of Safety
¥126.23
-62.4%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=168.31, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.