¥1,947.28
Below FV▲ +120.0% against the close used
Model range ¥803.91 – ¥3,174.76
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.
Bear¥803.91Fair value¥1,947.28Bull¥3,174.76
FairClose
52-week traded range
52W low ¥854.0052W high ¥1,137.00
The 52-week range is measured from the stored price history, not estimated.
Trading below the consensus fair value
TRUST Holdings Inc. closed at ¥885.00, 54.6% below the consensus fair value of ¥1,947.28 drawn from 9 valuation models.
Financial DNA score 66/100 — Strong. P/E of 9.8x against the 20x sector multiple the P/E model uses.
Quantitative summary only — not investment advice.
DCF Valuation
¥1,797.33
+103.1%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥803.91
-9.2%
√(22.5 × EPS × BVPS)
EPS=90.55, BVPS=317.2 · outside Graham range (P/E 9.8, P/B 2.8) — asset-light, treat as a rough floor
P/E Fair Value
¥1,811.00
+104.6%
EPS × 20x (sector P/E)
EPS=90.55, Sector P/E=20x
Peter Lynch (PEG)
¥2,716.50
+206.9%
EPS × Growth% (PEG = 1 is fair)
EPS=90.55, g=30%
EV/EBITDA
¥3,174.76
+258.7%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=904.85M
Dividend Discount (DDM)
¥1,027.49
+16.1%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=19.03, r=10%, g=8%
Book Value (P/B)
¥2,093.55
+136.6%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=317.2, ROE=32.4%, g=6%, r=10%
Reverse DCF
¥885.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -2.6% | Historical: 47.4%
Margin of Safety
¥1,103.06
+24.6%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=1470.75, 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.