ANA HOLDINGS INC.

9202 TSE Industrials Air Transportation
TSE Prime
¥2,935.00
-0.96%
Delayed · cached 15 min

Fair value analysis

9202
ANA HOLDINGS INC.
IndustrialsAir Transportation
¥2,935.00
Close used for this calculation
¥6,557.52Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
60/100
Profitability6/25
Returns18/25
Balance Sheet13/25
Efficiency23/25
Growth11/25
Good
Quality radar
60Prof.6/25Ret.18/25Eff.23/25B.Sht13/25Growth11/25

Consensus fair value

¥6,557.52
Below FV
▲ +123.4% against the close used
Model range ¥827.01 – ¥9,074.73
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¥827.01Fair value¥6,557.52Bull¥9,074.73
FairClose
52-week traded range
52W low ¥2,601.5052W high ¥3,403.00

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

Valuation summary

Trading below the consensus fair value

ANA HOLDINGS INC. closed at ¥2,935.00, 55.2% below the consensus fair value of ¥6,557.52 drawn from 8 valuation models.

Financial DNA score 60/100 — Good. P/E of 8.2x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥9,074.73
+209.2%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
¥4,793.39
+63.3%
√(22.5 × EPS × BVPS)
EPS=358.37, BVPS=2849.51
P/E Fair Value
¥7,167.40
+144.2%
EPS × 20x (sector P/E)
EPS=358.37, Sector P/E=20x
EV/EBITDA
¥6,204.48
+111.4%
(EBITDA × 10x − Net Debt) ÷ Shares
EBITDA=386.45B
Dividend Discount (DDM)
¥827.01
-71.8%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=64.86, r=10%, g=2%
Book Value (P/B)
¥4,030.03
+37.3%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=2849.51, ROE=12.9%, g=3%, r=10%
Reverse DCF
¥2,935.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -5.1% | Historical: 0%
Margin of Safety
¥5,258.88
+79.2%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=7011.84, 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.