Isetan Mitsukoshi Holdings Ltd (IMHDY) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Isetan Mitsukoshi Holdings Ltd stock $9.80, price $11.54, that is 15.1% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 24 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 8, 2026.
How to read this chart
60‑month range $4.80 – $11.54 · fair‑value band $6.76 – $13.42 · the $11.54 price screens above the $9.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Isetan Mitsukoshi Holdings Ltd. operates department stores in Southeast Asia, China, Taiwan, the United States, and internationally.
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It also engages in credit cards, non-life insurance agency, and life insurance solicitation businesses; direct wooden furniture business; group department store membership clubs management business; distribution and distribution solutions businesses.
In addition, the company provides construction and interior/design, renovation and interior furniture, and construction management services; real estate rental services; personnel, employment, recruitment, education and training, and labor and welfare services; and information systems solutions.
Further, it operates supermarket, retail, specialty shops, food select, and restaurants; foods production; wholesale, cosmetics retail business; import, wholesale, and sale of various goods, such as miscellaneous and lifestyle goods, western wine and spirits, and food products; planning, development, and sale of gifts; planning, import, and sale of novelty goods; and exports european fashion and food products.
Additionally, it is involved in the sale of large screen advertising; installation, operation, and maintenance of large-screen displays and signage; provision of advertising and promotion planning, proposal, and production, as well as advertising design, production, and editing services; planning and sale of travel products and tour conducting; owns river cruise ship; and investment and development of investee activities.
Isetan Mitsukoshi Holdings Ltd. was incorporated in 2008 and is headquartered in Shinjuku, Japan.
Stock analysis
Isetan Mitsukoshi Holdings Ltd (IMHDY) currently trades at $11.54, while our model-based Fair Value estimate is $9.80, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $11.83 per share, and 6 of the 24 models we run sit above the $11.54 price.
Bear case: the Dividend Discount group reads lowest at $2.74, and 18 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $6.76 (bear) to $13.42 (bull), the price of $11.54 sits inside 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 66/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Isetan Mitsukoshi Holdings Ltd reported revenue of ¥546B in FY2026 versus ¥418B in FY2022, a compound +6.9%/yr. Reported net income was ¥76.1B in FY2026, compounding +57.6%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap $7.7B Mid · P/E ratio 15.8 · P/S ratio 2.20 · EPS (TTM) $0.7300 · Dividend yield 1.9% · Net margin 13.9% · Return on equity 12.4% · Return on assets (EBIT) 4.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 101% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −15%, IMHDY screens richer than that median.
Fair Value models
Bear$6.76Fair Value $9.80Bull$13.42
Price $11.54 · Downside -15.1%
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 2026 figures (about 7 months old). Earnings retained since then ($0.3096 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.8%
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.
+3.8%
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.
−7.7%
Start year 2021 (pandemic). Over 10 years: +20.1% a year
Revenue growth 12 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.
+13.0%
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’21
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What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+57.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+55.4%
Dividend (yield on the price)1.9%
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.46.3% vs 89.1%, slowing
Profit margin 2021 to 2026 ⓘ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.−3% → 15%
2026 sits 50% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −6.8% a year for the price and +0.4% for the forecasts.
AI conclusion: Recent profit guidance lifts from inbound demand and cost controls highlight solid margins, yet the weak overall moat leaves the business exposed in the competitive department store sector.
Main risk: Heavy reliance on inbound tourism and premium spending leaves operating profit and cash flow exposed to abrupt swings in external visitor numbers and consumer sentiment.
Isetan Mitsukoshi raised its full-year operating profit guidance after first-quarter results showed a 21 percent gain from stronger inbound demand and cost controls. Department stores continue to depend on tourism and premium spending that can swing with external conditions. Will these profit drivers deliver sustained improvement or stay linked to temporary cycles?
Compare Isetan Mitsukoshi Holdings Ltd with another stock
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.Department Stores · 107 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−15.1% · Below median
Profitability
Return on equity (12 months)12.4% · Top 25%
Return on assets6.3% · Top 25%
Net margin (12 months)14.5% · Top 25%
Operating margin (12 months)14.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.8% · Above median
Dividend yield (12 months)1.9% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Department Stores median · lower = cheaper
P/E (12 months)15.8× · Cheaper than median
P/B2.07× · Pricier than median
P/S (12 months)2.33× · Priciest 25%
Price / free cash flow (fiscal year)21.4× · Pricier than median
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Is Isetan Mitsukoshi Holdings Ltd (IMHDY) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $9.80 versus the last price from Oct 19, 2026 of $11.54, about 15% lower (overvalued).
What is the fair value of IMHDY?
Our model-based fair value for Isetan Mitsukoshi Holdings Ltd is $9.80 (as of Nov 8, 2026), built from audited fundamentals. Last price (from Oct 19, 2026): $11.54.
What is the quality score of IMHDY?
Isetan Mitsukoshi Holdings Ltd has a Quality Score of 66/100. 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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
Our model-based price target is the fair value of $9.80 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario $6.76, optimistic scenario $13.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Isetan Mitsukoshi Holdings Ltd stock forecast for 2026?
Our models put fair value at $9.80, about 15% lower versus the last price from Oct 19, 2026 of $11.54 (overvalued). Cautious scenario $6.76, optimistic scenario $13.42. The calculation is refreshed regularly with new filings.
What is the revenue of Isetan Mitsukoshi Holdings Ltd (IMHDY)?
Isetan Mitsukoshi Holdings Ltd reported trailing-twelve-month revenue of about ¥550B (latest available figure, as of Nov 8, 2026).
Does Isetan Mitsukoshi Holdings Ltd pay a dividend?
Isetan Mitsukoshi Holdings Ltd currently shows a dividend yield of 1.91% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Isetan Mitsukoshi Holdings Ltd (IMHDY) and when is the ex-dividend date?
Isetan Mitsukoshi Holdings Ltd pays a dividend of $0.221 per share a year, a dividend yield of 1.9%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 31.9% of earnings. Free cash flow covers the dividend 2.47 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Isetan Mitsukoshi Holdings Ltd (IMHDY)?
For today's price to be fair in a discounted-cash-flow model, Isetan Mitsukoshi Holdings Ltd would have to grow free cash flow by -4.8 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of IMHDY use?
Our models discount Isetan Mitsukoshi Holdings Ltd at 8.5 %: a base by market capitalisation (mid), damped by beta 0.20, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Isetan Mitsukoshi Holdings Ltd that is -4.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Isetan Mitsukoshi Holdings Ltd (IMHDY) delivered so far?
Over the past 5 years revenue at Isetan Mitsukoshi Holdings Ltd grew -7.7 % a year. The price currently implies free-cash-flow growth of -4.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Isetan Mitsukoshi Holdings Ltd (IMHDY) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into Isetan Mitsukoshi Holdings Ltd (-4.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The free-cash-flow yield on the price is 9.35 %: that much free cash flow Isetan Mitsukoshi Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Isetan Mitsukoshi Holdings Ltd (IMHDY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Isetan Mitsukoshi Holdings Ltd it is $9.80 per share (as of Nov 8, 2026), against a price of $11.54. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Isetan Mitsukoshi Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, IMHDY trades above its calculated fair value: price $11.54, fair value $9.80, a gap of about −15% (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 IMHDY?
No. The price is what the market pays today ($11.54); the fair value is what the company's own numbers justify ($9.80). For Isetan Mitsukoshi Holdings Ltd the two are $1.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Isetan Mitsukoshi Holdings Ltd worth?
The market values Isetan Mitsukoshi Holdings Ltd at about $7.7B (market capitalisation, as of Nov 8, 2026). Per share that is $11.54; our models calculate a fair value of $9.80 per share.
What do the bullish and bearish scenarios say about IMHDY?
Our models span a range for Isetan Mitsukoshi Holdings Ltd: cautious scenario $6.76, base $9.80, optimistic $13.42 per share (as of Nov 8, 2026, price $11.54). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IMHDY?
Isetan Mitsukoshi Holdings Ltd trades at a price-to-earnings ratio of 15.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.80 is built from several models across several years. Other multiples: P/B 2.1, P/S 2.3, EV/EBITDA 11.7.
How solid is the balance sheet of Isetan Mitsukoshi Holdings Ltd (IMHDY)?
Balance-sheet figures for Isetan Mitsukoshi Holdings Ltd (as of Nov 8, 2026): return on equity 12.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is IMHDY from its 52-week high?
Isetan Mitsukoshi Holdings Ltd trades at $11.54, at its 52-week high of $11.54 and 101% above the low of $5.75 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $9.80 is for.
Which stocks are comparable to Isetan Mitsukoshi Holdings Ltd?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, 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 Isetan Mitsukoshi Holdings Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price $11.54, calculated fair value $9.80 (−15%), Quality Score 66/100, from 24 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 IMHDY calculated?
We run Isetan Mitsukoshi Holdings Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $9.80 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. Isetan Mitsukoshi Holdings Ltd 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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The latest price we hold is from Oct 19, 2026 and stands at $11.54. Our model-based fair value is $9.80, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Isetan Mitsukoshi Holdings Ltd right now?
Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($6.76 to $13.42) leaves room in how you read the outcome.
Key figures of Isetan Mitsukoshi Holdings Ltd
How large is the market capitalisation of Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The market capitalisation of Isetan Mitsukoshi Holdings Ltd is $7.7B. 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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The price-to-sales ratio of Isetan Mitsukoshi Holdings Ltd is 2.20 (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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
Earnings per share at Isetan Mitsukoshi Holdings Ltd are $0.7300 (price ÷ EPS = P/E 15.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The dividend yield of Isetan Mitsukoshi Holdings Ltd is 1.9% (payout 30.3%). 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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The net margin of Isetan Mitsukoshi Holdings Ltd is 13.9% (fiscal year 2026). 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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The return on equity (ROE) of Isetan Mitsukoshi Holdings Ltd is 12.4% (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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
On an EBIT basis the return on assets of Isetan Mitsukoshi Holdings Ltd is 4.1% (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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
The operating margin of Isetan Mitsukoshi Holdings Ltd is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Isetan Mitsukoshi Holdings Ltd (IMHDY)?
Revenue at Isetan Mitsukoshi Holdings Ltd is growing +3.8% versus a year earlier (3y avg +3.8%). 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 Isetan Mitsukoshi Holdings Ltd (IMHDY)?
Earnings per share at Isetan Mitsukoshi Holdings Ltd are growing +23.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Isetan Mitsukoshi Holdings Ltd (IMHDY) carry?
The net debt of Isetan Mitsukoshi Holdings Ltd is ¥47.5B (fiscal year 2025, ≈ 0.8 yrs of FCF). 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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Nov 8, 2026