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¥2,317.94Fair value¥4,660.16Bull¥6,831.90
FairClose
52-week traded range
52W low ¥2,281.0052W high ¥3,535.00
The 52-week range is measured from the stored price history, not estimated.
Valuation summary
Trading below the consensus fair value
NCD Co.,Ltd. closed at ¥2,590.00, 44.4% below the consensus fair value of ¥4,660.16 drawn from 9 valuation models.
Financial DNA score 83/100 — Exceptional. P/E of 11.4x against the 20x sector multiple the P/E model uses.
Quantitative summary only — not investment advice.
All valuation models
DCF Valuation
¥3,668.46
+41.6%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥2,317.94
-10.5%
√(22.5 × EPS × BVPS)
EPS=227.73, BVPS=1048.58 · outside Graham range (P/E 11.4, P/B 2.5) — asset-light, treat as a rough floor
P/E Fair Value
¥4,554.60
+75.9%
EPS × 20x (sector P/E)
EPS=227.73, Sector P/E=20x
Peter Lynch (PEG)
¥6,831.90
+163.8%
EPS × Growth% (PEG = 1 is fair)
EPS=227.73, g=30%
EV/EBITDA
¥6,638.61
+156.3%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=3.06B
Dividend Discount (DDM)
¥6,475.52
+150.0%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=119.92, r=10%, g=8%
Book Value (P/B)
¥4,430.26
+71.1%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=1048.58, ROE=22.9%, g=6%, r=10%
Reverse DCF
¥2,590.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -0.5% | Historical: 42%
Margin of Safety
¥2,635.25
+1.7%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=3513.67, 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.