Ebara Corp (EBCOY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ebara Corp stock $6.89, price $10.23, that is 32.6% below the price, quality 48 out of 100. Rating: overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $2.84 – $20.98 · fair‑value band $3.80 – $7.60 · the $10.23 price screens above the $6.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Ebara Corporation manufactures and sells pumps, compressors, turbines, and chillers in Europe, the Middle East, Africa, Asia, Japan, Oceania, North America, and Central and South America.
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It operates through the Building Service & Industrial, Energy, Infrastructure, Environmental Solutions, and Precision Machinery segments. The company offers standard and custom pumps, fans, booster pump units, chillers, cooling towers, and heating and cooling machines; and cryogenic products.
It also provides incineration systems, gasification technologies, municipal and industrial waste treatment plants, municipal waste processing plants, and boilers, as well as sewerage and drainage treatment systems.
In addition, the company offers chemical mechanical polishing systems, CMP equipment, dry vacuum pumps, gas abatement systems, plating equipment, exhaust-gas treatment equipment, and ozonized water generators. Ebara Corporation was founded in 1912 and is headquartered in Tokyo, Japan.
Stock analysis
Ebara Corp (EBCOY) currently trades at $10.23, while our model-based Fair Value estimate is $6.89, 33% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $12.60 per share, and 4 of the 15 models we run sit above the $10.23 price.
Bear case: the Asset-Based group reads lowest at $1.00, and 11 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.80 (bear) to $7.60 (bull), the price of $10.23 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ebara Corp ADR reported revenue of ¥1.0T in FY2025 versus ¥603B in FY2021, a compound +13.6%/yr. Reported net income was ¥80.3B in FY2025, compounding +16.5%/yr from FY2021.
Key figures
Market cap $11.6B Large · P/E ratio 18.3 · P/S ratio 1.46 · EPS (TTM) $0.5600 · Dividend yield 1.6% · Net margin 8.0% · Return on equity 15.7% · Return on assets (EBIT) 9.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −33%, EBCOY screens cheaper than that median.
Fair Value models
Bear$3.80Fair Value $6.89Bull$7.60
Price $10.23 · Downside -32.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4787 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.9%
Start year 2020 (pandemic). Over 10 years: +7.5% a year
Revenue growth 27 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.2%
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What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.2%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.2% vs −1.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 7.5%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (21 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
AI conclusion: Established pump expertise supports hydrogen-related initiatives while negative free cash flow and margin pressures in segments remain the central weakness.
Main risk: Global rivals such as Grundfos and KSB could intensify price competition in standard pumps and building equipment, squeezing margins and market share in the Building Service & Industrial segment.
Bull case: Ebara could expand its services and aftermarket business while scaling hydrogen pump offerings through the new test center to offset any price pressure in standard segments and capture growth in decarbonization projects.
Bear case: If price competition intensifies and traditional energy demand shifts faster due to decarbonization, Ebara might see sustained margin pressure in core pump segments and slower adoption of its hydrogen capabilities beyond niche projects.
Ebara is ramping up its liquid hydrogen pump capabilities with the recent full operation of a dedicated full-scale test and development center. This builds on its established pump expertise but comes as some segments show margin pressure and overall results lag peers in quality metrics. Our models currently see the shares as overvalued. Will the hydrogen push expand the addressable market enough to lift long-term returns, or will it stay a niche effort amid slower growth elsewhere?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−32.6% · Below median
Profitability
Return on equity (12 months)15.7% · Top 25%
Return on assets7.4% · Top 25%
Net margin (12 months)7.9% · Above median
Operating margin (12 months)9.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.5% · Below median
Dividend yield (12 months)1.6% · Above median
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)18.3× · Cheaper than median
P/B3.62× · Pricier than median
P/S (12 months)1.85× · Cheaper than median
EV/EBITDA11.2× · Cheaper than median
PEG3.10× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)18· sector 31
PAST (return on equity)63· sector 27
HEALTH (low debt)95· sector 96
DIVIDEND (yield)32· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
As of Nov 6, 2026, our model estimates a fair value of $6.89 versus a price of $10.23, about 33% lower (overvalued).
What is the fair value of EBCOY?
Our model-based fair value for Ebara Corp is $6.89 (as of Nov 6, 2026), built from audited fundamentals. The current price: $10.23.
What is the quality score of EBCOY?
Ebara Corp has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ebara Corp (EBCOY)?
Our model-based price target is the fair value of $6.89 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario $3.80, optimistic scenario $7.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Ebara Corp ADR stock forecast for 2026?
Our models put fair value at $6.89, about 33% lower versus a price of $10.23 (overvalued). Cautious scenario $3.80, optimistic scenario $7.60. The calculation is refreshed regularly with new filings.
What is the revenue of Ebara Corp (EBCOY)?
Ebara Corp reported trailing-twelve-month revenue of about ¥1.0T (latest available figure, as of Nov 6, 2026).
Does Ebara Corp ADR pay a dividend?
Ebara Corp currently shows a dividend yield of 1.59% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Ebara Corp (EBCOY) and when is the ex-dividend date?
Ebara Corp has a dividend yield of 1.6%. The last ex-dividend date was Jun 30, 2026. A dividend has been paid every year since 2011. The payout ratio is 29.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Ebara Corp (EBCOY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ebara Corp it is $6.89 per share (as of Nov 6, 2026), against a price of $10.23. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ebara Corp ADR stock overvalued or undervalued in 2026?
As of Nov 6, 2026, EBCOY trades above its calculated fair value: price $10.23, fair value $6.89, a gap of about −33% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EBCOY?
No. The price is what the market pays today ($10.23); the fair value is what the company's own numbers justify ($6.89). For Ebara Corp the two are $3.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ebara Corp ADR worth?
The market values Ebara Corp at about $11.6B (market capitalisation, as of Nov 6, 2026). Per share that is $10.23; our models calculate a fair value of $6.89 per share.
What do the bullish and bearish scenarios say about EBCOY?
Our models span a range for Ebara Corp: cautious scenario $3.80, base $6.89, optimistic $7.60 per share (as of Nov 6, 2026, price $10.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EBCOY?
Ebara Corp trades at a price-to-earnings ratio of 18.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $6.89 is built from several models across several years. Other multiples: PEG 3.1, P/B 3.6, P/S 1.8, EV/EBITDA 11.2.
What is the PEG ratio of EBCOY?
The PEG ratio of Ebara Corp is 3.10 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Ebara Corp (EBCOY)?
Balance-sheet figures for Ebara Corp (as of Nov 6, 2026): return on equity 15.7%, debt of 0.09 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is EBCOY from its 52-week high?
Ebara Corp trades at $10.23, about 51% below its 52-week high of $20.98 and 2% above the low of $10.02 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $6.89 is for.
Which stocks are comparable to Ebara Corp ADR?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ebara Corp ADR stock attractive at the current price?
The data as of Nov 6, 2026: price $10.23, calculated fair value $6.89 (−33%), Quality Score 48/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EBCOY calculated?
We run Ebara Corp through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $6.89 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Ebara Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ebara Corp (EBCOY)?
The closing price on Nov 6, 2026 was $10.23. Our model-based fair value is $6.89, about 33% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ebara Corp ADR right now?
The price sits above even our optimistic bull case ($7.60). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($3.80 to $7.60) leaves room in how you read the outcome.
Where does the earnings growth of Ebara Corp (EBCOY) come from?
Earnings per share at Ebara Corp grew +0.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share −6.5 %, EBIT margin +5.5 %, tax rate +1.3 %, residual (interest, one-offs) +0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ebara Corp
How large is the market capitalisation of Ebara Corp (EBCOY)?
The market capitalisation of Ebara Corp is $11.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ebara Corp (EBCOY)?
The price-to-sales ratio of Ebara Corp is 1.46 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ebara Corp (EBCOY)?
Earnings per share at Ebara Corp are $0.5600 (price ÷ EPS = P/E 18.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ebara Corp (EBCOY)?
The dividend yield of Ebara Corp is 1.6% (payout 29.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ebara Corp (EBCOY)?
The net margin of Ebara Corp is 8.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ebara Corp (EBCOY)?
The return on equity (ROE) of Ebara Corp is 15.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ebara Corp (EBCOY)?
On an EBIT basis the return on assets of Ebara Corp is 9.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ebara Corp (EBCOY)?
The operating margin of Ebara Corp is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ebara Corp (EBCOY)?
Revenue at Ebara Corp is growing +3.5% versus a year earlier (3y avg +13.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ebara Corp (EBCOY)?
Earnings per share at Ebara Corp are growing −0.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ebara Corp (EBCOY) generate?
The free cash flow of Ebara Corp is −¥54.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ebara Corp (EBCOY) carry?
The net debt of Ebara Corp is ¥81.3B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026