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¥1,224.43Fair value¥4,446.00Bull¥6,139.20
FairClose
52-week traded range
52W low ¥2,443.0052W high ¥3,228.00
The 52-week range is measured from the stored price history, not estimated.
Valuation summary
Trading below the consensus fair value
Japan Airlines Co.,Ltd. closed at ¥2,964.00, 33.3% below the consensus fair value of ¥4,446.00 drawn from 8 valuation models.
Financial DNA score 55/100 — 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
¥5,753.21
+94.1%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
¥3,810.32
+28.6%
√(22.5 × EPS × BVPS)
EPS=306.96, BVPS=2102.13
P/E Fair Value
¥6,139.20
+107.1%
EPS × 20x (sector P/E)
EPS=306.96, Sector P/E=20x
EV/EBITDA
¥2,408.32
-18.7%
(EBITDA × 10x − Net Debt) ÷ Shares
EBITDA=207.35B
Dividend Discount (DDM)
¥1,224.43
-58.7%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=96.03, r=10%, g=2%
Book Value (P/B)
¥2,762.80
-6.8%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=2102.13, ROE=12.2%, g=3%, r=10%
Reverse DCF
¥2,964.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -2.8% | Historical: 0%
Margin of Safety
¥3,925.68
+32.4%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=5234.24, 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.