FINDEX Inc.

3649 TSE Technology Information & Communication
TSE Prime
¥853.00
+2.40%
Delayed · cached 15 min

Fair value analysis

3649
FINDEX Inc.
TechnologyInformation & Communication
¥853.00
Close used for this calculation
¥1,076.03Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
77/100
Profitability23/25
Returns15/25
Balance Sheet23/25
Efficiency16/25
Growth20/25
Strong
Quality radar
77Prof.23/25Ret.15/25Eff.16/25B.Sht23/25Growth20/25

Consensus fair value

¥1,076.03
Below FV
▲ +26.1% against the close used
Model range ¥500.90 – ¥1,310.70
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¥500.90Fair value¥1,076.03Bull¥1,310.70
FairClose
52-week traded range
52W low ¥734.0052W high ¥993.00

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

Valuation summary

Trading below the consensus fair value

FINDEX Inc. closed at ¥853.00, 20.7% below the consensus fair value of ¥1,076.03 drawn from 9 valuation models.

Financial DNA score 77/100 — Strong. P/E of 17.0x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥1,277.34
+49.7%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥500.90
-41.3%
√(22.5 × EPS × BVPS)
EPS=50.07, BVPS=222.72 · outside Graham range (P/E 17, P/B 3.8) — asset-light, treat as a rough floor
P/E Fair Value
¥1,001.40
+17.4%
EPS × 20x (sector P/E)
EPS=50.07, Sector P/E=20x
Peter Lynch (PEG)
¥929.80
+9.0%
EPS × Growth% (PEG = 1 is fair)
EPS=50.07, g=18.6%
EV/EBITDA
¥1,310.70
+53.7%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=1.83B
Dividend Discount (DDM)
¥1,188.40
+39.3%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=22.01, r=10%, g=8%
Book Value (P/B)
¥935.40
+9.7%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=222.72, ROE=22.8%, g=6%, r=10%
Reverse DCF
¥853.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 5% | Historical: 18.6%
Margin of Safety
¥694.91
-18.5%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=926.55, 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.