CERES INC.

3696 TSE Technology Information & Communication
TSE Prime
¥2,110.00
-0.85%
Delayed · cached 15 min

Fair value analysis

3696
CERES INC.
TechnologyInformation & Communication
¥2,110.00
Close used for this calculation
¥2,651.75Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
63/100
Profitability8/25
Returns19/25
Balance Sheet11/25
Efficiency25/25
Growth14/25
Good
Quality radar
63Prof.8/25Ret.19/25Eff.25/25B.Sht11/25Growth14/25

Consensus fair value

¥2,651.75
Below FV
▲ +25.7% against the close used
Model range ¥565.35 – ¥4,332.20
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¥565.35Fair value¥2,651.75Bull¥4,332.20
FairClose
52-week traded range
52W low ¥1,419.0052W high ¥2,740.00

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

Valuation summary

Trading below the consensus fair value

CERES INC. closed at ¥2,110.00, 20.4% below the consensus fair value of ¥2,651.75 drawn from 9 valuation models.

Financial DNA score 63/100 — Good. P/E of 9.7x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥2,362.10
+11.9%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
¥2,370.53
+12.3%
√(22.5 × EPS × BVPS)
EPS=216.61, BVPS=1153.01
P/E Fair Value
¥4,332.20
+105.3%
EPS × 20x (sector P/E)
EPS=216.61, Sector P/E=20x
Peter Lynch (PEG)
¥565.35
-73.2%
EPS × Growth% (PEG = 1 is fair)
EPS=216.61, g=2.6%
EV/EBITDA
¥1,596.41
-24.3%
(EBITDA × 10x − Net Debt) ÷ Shares
EBITDA=2.59B
Dividend Discount (DDM)
¥1,019.60
-51.7%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=79.97, r=10%, g=2%
Book Value (P/B)
¥2,866.04
+35.8%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=1153.01, ROE=20.4%, g=3%, r=10%
Reverse DCF
¥2,110.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -2.7% | Historical: -2.6%
Margin of Safety
¥2,266.21
+7.4%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=3021.61, 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.