SYSTEM RESEARCH CO.,LTD.

3771 TSE Technology Information & Communication
TSE Prime
¥1,871.00
+1.96%
Delayed · cached 15 min

Fair value analysis

3771
SYSTEM RESEARCH CO.,LTD.
TechnologyInformation & Communication
¥1,871.00
Close used for this calculation
¥2,749.95Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
82/100
Profitability17/25
Returns19/25
Balance Sheet21/25
Efficiency25/25
Growth22/25
Exceptional
Quality radar
82Prof.17/25Ret.19/25Eff.25/25B.Sht21/25Growth22/25

Consensus fair value

¥2,749.95
Below FV
▲ +47.0% against the close used
Model range ¥1,697.82 – ¥3,856.27
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¥1,697.82Fair value¥2,749.95Bull¥3,856.27
FairClose
52-week traded range
52W low ¥1,637.0052W high ¥2,215.00

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

Valuation summary

Trading below the consensus fair value

SYSTEM RESEARCH CO.,LTD. closed at ¥1,871.00, 32.0% below the consensus fair value of ¥2,749.95 drawn from 9 valuation models.

Financial DNA score 82/100 — Exceptional. P/E of 11.9x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥2,014.78
+7.7%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥1,697.82
-9.3%
√(22.5 × EPS × BVPS)
EPS=157.49, BVPS=813.48 · outside Graham range (P/E 11.9, P/B 2.3) — asset-light, treat as a rough floor
P/E Fair Value
¥3,149.80
+68.3%
EPS × 20x (sector P/E)
EPS=157.49, Sector P/E=20x
Peter Lynch (PEG)
¥2,363.92
+26.3%
EPS × Growth% (PEG = 1 is fair)
EPS=157.49, g=15%
EV/EBITDA
¥3,856.27
+106.1%
(EBITDA × 17.5x − Net Debt) ÷ Shares
EBITDA=3.67B
Dividend Discount (DDM)
¥3,778.67
+102.0%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=69.98, r=10%, g=8%
Book Value (P/B)
¥2,969.20
+58.7%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=813.48, ROE=20.6%, g=6%, r=10%
Reverse DCF
¥1,871.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 0.1% | Historical: 15%
Margin of Safety
¥1,715.60
-8.3%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=2287.47, 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.