Fair value · Maruwa Co., Ltd. (MAW.L) · updated 2026-09-12 · from annual report FY2025
Maruwa Co. trades at $54,100.00. That price implies a P/E of 35.6×, 11.2% yearly EPS growth for a decade and 18.9× EV/EBITDA.
Previous close (2026-05-29)
Are those assumptions reasonable? Use MAW.L’s filed growth history and the AI chat to decide, then set your own inputs below — the range you build is yours.
What the price implies
- P/E
- 35.6×
- EPS growth
- 11.2%
- EV/EBITDA
- 18.9×
price ÷ trailing EPS
per year for 10 years, discounted at 10%
(market cap + net debt) ÷ EBITDA
Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings. This price: Previous close (2026-05-29).
With preset inputs the methods land at $18747 – $28807 (presets are filed history and our reference settings, not a recommendation)
How each method got its number
Bear, base and bull are the 25th, 50th and 75th percentile of the methods that produced a usable estimate. Weights say how much a method is trusted for this sector; they do not change the range.
| Method | Estimate | vs price | Weight | Why this method |
|---|---|---|---|---|
DCF High weight Projects free cash flow for the coming years and discounts it back to today. The most complete method, and the most sensitive to the growth and discount-rate assumptions. | $4787 | -91% | High weight | Projects free cash flow for the coming years and discounts it back to today. The most complete method, and the most sensitive to the growth and discount-rate assumptions. |
Growth-trajectory DCF Medium weight A two-stage DCF that grows earnings at the company’s own EPS trend, then fades to the industry’s long-run rate. Two-stage DCF using weighted EPS CAGR and industry median terminal rate | $18262 | -66% | Medium weight | A two-stage DCF that grows earnings at the company’s own EPS trend, then fades to the industry’s long-run rate. |
Graham Number Low weight Benjamin Graham’s 1949 rule of thumb: √(22.5 × EPS × book value). It punishes asset-light companies, so it reads low for big tech. | $20201 | -63% | Low weight | Benjamin Graham’s 1949 rule of thumb: √(22.5 × EPS × book value). It punishes asset-light companies, so it reads low for big tech. |
Earnings Power Value Medium weight Greenwald’s Earnings Power Value: what current earnings are worth if they never grow. Everything above it is what you pay for growth. | $21692 | -60% | Medium weight | Greenwald’s Earnings Power Value: what current earnings are worth if they never grow. Everything above it is what you pay for growth. |
EV/EBITDA Medium weight Values the whole business at 10× EBITDA and divides by the share count. A mid-cycle industrial multiple; fast growers trade far above it. | $31178 | -42% | Medium weight | Values the whole business at 10× EBITDA and divides by the share count. A mid-cycle industrial multiple; fast growers trade far above it. |
P/E vs sector Medium weight Trailing diluted EPS times the sector median P/E. What the stock would be worth if the market priced it like an average peer. | $38544 | -29% | Medium weight | Trailing diluted EPS times the sector median P/E. What the stock would be worth if the market priced it like an average peer. |
P/B vs sector Low weight Sector median price-to-book times book value per share. Works for banks and asset-heavy businesses, says little about software. P/B comparable is optional for non-financial companies | No estimate | Low weight | Sector median price-to-book times book value per share. Works for banks and asset-heavy businesses, says little about software. | |
EV/FCF Medium weight 20× free cash flow per share, i.e. a 5% cash yield. Reads low for companies the market expects to keep growing. Negative FCF — common for growth companies; ratio not meaningful | No estimate | Medium weight | 20× free cash flow per share, i.e. a 5% cash yield. Reads low for companies the market expects to keep growing. | |
What this means
- The methods differ by about 54%, from $18747 to $28807. That is normal: cash-flow methods and peer multiples see different things. Use the range, not a single number.
- The base case, $20947, is the median of the 6 methods with data. It assumes Maruwa Co.’s current margins, cash generation and share count persist; it does not price in a new product cycle, a recession or a buyback surge.
- The number moves when the filings move. The next 6-K replaces the oldest quarter in the trailing-twelve-month EPS and cash-flow inputs; the last one (Q1 FY2026) was filed 2026-06-30. The price changes every day; the fair value only changes with the filings.
The filing behind these numbers
Maruwa Co., Ltd.- Revenue
- JPY 74.5B
- Diluted EPS
- JPY 1472.00
- Free cash flow
- JPY -5.5B
- operating cash flow − capital expenditure
- Diluted shares
- 12.3M
- weighted average
annual report FY2025 · fiscal year ended 2026-03-31 · filed 2026-03-31
Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q1 FY2026 (filed 2026-06-30).
Open the annual report list on sec.gov