Mitsubishi Corporation (MTSUY) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Mitsubishi Corporation stock $36.62, price $33.87, upside +8.1%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 12 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 12, 2026.
How to read this chart
43‑month range $10.83 – $36.48 · fair‑value band $23.63 – $53.44 · the $33.87 price screens below the $36.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Mitsubishi Corporation engages in the global environment and energy, material solutions, metal resources, social infrastructure, mobility, food industry, SLC, and power solutions businesses in Japan and internationally.
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The Global Environment and Energy segment engages in the development and production of natural gas and liquefied natural gas (LNG), LPG, and petroleum products; and development of energy businesses.
The Material Solutions segment is involved in sales transactions; and business investment and business development in material-related fields, including petrochemicals, basic chemicals, functional materials, carbon/ceramics, and steel products.
The Metal Resources segment engages in the investment and development of metal resources, such as copper, coking coal, iron ore, aluminum, lithium, and nickel; and supplies raw materials for steel and non-ferrous metals.
The Social Infrastructure segment develops power generation, ships, aerospace, industrial machinery, energy infrastructure, and vinegar.
The Mobility segment is involved in the automotive value chain business, including sales, sales financing, after-sales services for automobiles, and mobility service businesses; and mobility-related businesses. The Food industry segment sells food, fresh produce, consumer goods, and food ingredients.
The S.L.C. segment is involved in C2B business. The Power Solutions segment engages in power generation, trading, and retail electricity, as well as power transmission and hydrogen energy development. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
Stock analysis
Mitsubishi Corporation (MTSUY) currently trades at $33.87, while our model-based Fair Value estimate is $36.62, so the stock looks roughly fairly valued today (gap 7.5%).
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Valuation
Bull case: the Multiples group reads highest at a median of $50.61 per share, and 1 of the 12 models we run sit above the $33.87 price.
Bear case: the Dividend Discount group reads lowest at $10.12, and 11 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $23.63 (bear) to $53.44 (bull), the price of $33.87 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 57/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Mitsubishi Corporation reported revenue of ¥18.9T in FY2026 versus ¥17.3T in FY2022, a compound +2.3%/yr. Reported net income was ¥800B in FY2026, compounding −3.9%/yr from FY2022.
Key figures
Market cap $124B Large · P/E ratio 21.9 · P/S ratio 0.92 · EPS (TTM) $1.55 · Dividend yield 2.0% · Net margin 4.2% · Return on equity 10.1% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at 8%, MTSUY screens cheaper than that median.
Fair Value models
Bear$23.63Fair Value $36.62Bull$53.44
Price $33.87 · Upside +8.1%
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 ($0.5379 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.
Best data coverage
Growth DCF$17.13$25.95$39.7477
Residual Income$14.09$15.35$18.2076
Owner Earnings$15.14$23.73$37.7875
All 12 models by family
DCF Models
Owner Earnings$15.14$23.73$37.7875
5Y P/E Exit$15.31$24.86$34.6270
10Y P/E Exit$15.48$23.60$32.2964
Earnings-Based
Graham-Dodd$9.29$18.57$23.3366
Dividend Discount
Gordon GGM$6.89$10.23$13.9368
DDM Multi-Stage$6.89$10.01$13.9166
Multiples
P/E Multiple$21.52$28.70$35.8763
P/B Multiple$54.39$72.52$90.6655
Asset-Based
NCAV (Graham)$8.06$10.80$16.1254
Growth DCF
Growth DCF$17.13$25.95$39.7477
Rev-Margin DCF$7.03$10.82$15.0972
Economic Profit
Residual Income$14.09$15.35$18.2076
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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
+1.6%
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.
−4.3%
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.
+8.0%
Start year 2021 (pandemic)
Revenue growth 6 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.
+4.2%
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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.
+14.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.7%
Dividend (yield on the price)2.0%
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.2% → 2%
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more 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).
+6.0%
Yearly growth needed for the next five years to justify today's price.
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.
+1.8%
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 +3.9% a year for the price and −0.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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.Positive
Recent news coverage is more positive than average.
AI conclusion: Diversification across resources spreads exposure to electrification demand, yet thin public data on moats and processes leaves profitability durability uncertain.
Main risk: Stricter carbon taxes, emissions rules and faster renewable expansion could reduce long-term demand for LNG and natural gas, hitting margins and returns in the energy trading and LNG Canada stake.
Bull case: By optimising its LNG portfolio for efficiency and expanding into next-generation energy solutions the company could maintain stable offtake volumes despite slower overall demand growth.
Bear case: Accelerated global decarbonisation and partner-driven project delays could strand parts of the LNG assets and compress trading margins across the energy and resources segments.
Mitsubishi Corporation has approved development of the Copper World copper project in Arizona, with first output expected in 2029 to meet rising demand from data centers and electrification. As a broad conglomerate it spreads bets across resources and other areas, yet the long lead times mean returns hinge on execution and sustained metal prices. Will the copper push add durable value or mainly stretch capital allocation further into an uncertain future?
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.Conglomerates · 351 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+8.1% · Above median
Profitability
Return on equity (12 months)10.1% · Above median
Return on assets3.3% · Above median
Net margin (12 months)4.5% · Below median
Operating margin (12 months)2.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)22.8% · Top 25%
Dividend yield (12 months)2.0% · Below median
Balance sheet
Debt / equity0.44× · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)21.9× · Pricier than median
P/B2.10× · Priciest 25%
P/S (12 months)1.00× · Cheaper than median
Price / free cash flow (fiscal year)17.4× · Pricier than median
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.
Cite: Fair Value Calculator (2026). "Mitsubishi Corporation Fair Value". https://www.fairvalue-calculator.com/stock/MTSUY
Frequently asked questions
Is Mitsubishi Corporation (MTSUY) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of $36.62 versus a price of $33.87, about +8% upside (fairly valued).
What is the fair value of MTSUY?
Our model-based fair value for Mitsubishi Corporation is $36.62 (as of Nov 12, 2026), built from audited fundamentals. The current price: $33.87.
What is the quality score of MTSUY?
Mitsubishi Corporation has a Quality Score of 57/100. 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 Mitsubishi Corporation (MTSUY)?
Our model-based price target is the fair value of $36.62 (as of Nov 12, 2026) from 12 valuation models. Cautious scenario $23.63, optimistic scenario $53.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Mitsubishi Corporation stock forecast for 2026?
Our models put fair value at $36.62, about +8% upside versus a price of $33.87 (fairly valued). Cautious scenario $23.63, optimistic scenario $53.44. The calculation is refreshed regularly with new filings.
What is the revenue of Mitsubishi Corporation (MTSUY)?
Mitsubishi Corporation reported trailing-twelve-month revenue of about ¥19.9T (latest available figure, as of Nov 12, 2026).
Does Mitsubishi Corporation pay a dividend?
Mitsubishi Corporation currently shows a dividend yield of 2.03% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Mitsubishi Corporation (MTSUY) and when is the ex-dividend date?
Mitsubishi Corporation pays a dividend of $0.688 per share a year, a dividend yield of 2.0%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 50.3% of earnings. Free cash flow covers the dividend 2.82 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 Mitsubishi Corporation (MTSUY)?
For today's price to be fair in a discounted-cash-flow model, Mitsubishi Corporation would have to grow free cash flow by +6.0 % per year for five years (discount rate 8.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of MTSUY use?
Our models discount Mitsubishi Corporation at 8.2 %: a base by market capitalisation (large), damped by beta 0.54, 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 Mitsubishi Corporation that is +6.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.2 %) and the same formula as our fair value.
How much growth has Mitsubishi Corporation (MTSUY) delivered so far?
Over the past 5 years revenue at Mitsubishi Corporation grew +8.0 % a year. The price currently implies free-cash-flow growth of +6.0 % 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 Mitsubishi Corporation (MTSUY) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into Mitsubishi Corporation (+6.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mitsubishi Corporation (MTSUY)?
The free-cash-flow yield on the price is 5.74 %: that much free cash flow Mitsubishi Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mitsubishi Corporation (MTSUY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mitsubishi Corporation it is $36.62 per share (as of Nov 12, 2026), against a price of $33.87. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Mitsubishi Corporation stock overvalued or undervalued in 2026?
As of Nov 12, 2026, MTSUY trades below its calculated fair value: price $33.87, fair value $36.62, a gap of about +8% (fairly valued). 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 MTSUY?
No. The price is what the market pays today ($33.87); the fair value is what the company's own numbers justify ($36.62). For Mitsubishi Corporation the two are $2.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mitsubishi Corporation worth?
The market values Mitsubishi Corporation at about $124B (market capitalisation, as of Nov 12, 2026). Per share that is $33.87; our models calculate a fair value of $36.62 per share.
What do the bullish and bearish scenarios say about MTSUY?
Our models span a range for Mitsubishi Corporation: cautious scenario $23.63, base $36.62, optimistic $53.44 per share (as of Nov 12, 2026, price $33.87). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MTSUY?
Mitsubishi Corporation trades at a price-to-earnings ratio of 21.9 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $36.62 is built from several models across several years. Other multiples: PEG 1.5, P/B 2.1, P/S 1.0, EV/EBITDA 28.5.
What is the PEG ratio of MTSUY?
The PEG ratio of Mitsubishi Corporation is 1.53 (P/E divided by earnings growth, as of Nov 12, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Mitsubishi Corporation (MTSUY)?
Balance-sheet figures for Mitsubishi Corporation (as of Nov 12, 2026): return on equity 10.1%, debt of 0.44 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is MTSUY from its 52-week high?
Mitsubishi Corporation trades at $33.87, about 7% below its 52-week high of $36.48 and 57% above the low of $21.64 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of $36.62 is for.
Which stocks are comparable to Mitsubishi Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 Mitsubishi Corporation stock attractive at the current price?
The data as of Nov 12, 2026: price $33.87, calculated fair value $36.62 (+8%), Quality Score 57/100, from 12 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 MTSUY calculated?
We run Mitsubishi Corporation through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $36.62 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 13.9% above its aggregate fair value. Mitsubishi Corporation currently trades 7% below its own fair value, and the market average says nothing about that. 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 Mitsubishi Corporation (MTSUY)?
The closing price on Nov 13, 2026 was $33.87. Our model-based fair value is $36.62, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mitsubishi Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($23.63 to $53.44) leaves room in how you read the outcome.
Key figures of Mitsubishi Corporation
How large is the market capitalisation of Mitsubishi Corporation (MTSUY)?
The market capitalisation of Mitsubishi Corporation is $124B. 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 Mitsubishi Corporation (MTSUY)?
The price-to-sales ratio of Mitsubishi Corporation is 0.92 (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 Mitsubishi Corporation (MTSUY)?
Earnings per share at Mitsubishi Corporation are $1.55 (price ÷ EPS = P/E 21.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mitsubishi Corporation (MTSUY)?
The dividend yield of Mitsubishi Corporation is 2.0% (payout 44.4%). 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 Mitsubishi Corporation (MTSUY)?
The net margin of Mitsubishi Corporation is 4.2% (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 Mitsubishi Corporation (MTSUY)?
The return on equity (ROE) of Mitsubishi Corporation is 10.1% (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 Mitsubishi Corporation (MTSUY)?
On an EBIT basis the return on assets of Mitsubishi Corporation is 2.8% (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 Mitsubishi Corporation (MTSUY)?
The operating margin of Mitsubishi Corporation is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mitsubishi Corporation (MTSUY)?
Revenue at Mitsubishi Corporation is growing +22.8% versus a year earlier (3y avg −4.3%). 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 Mitsubishi Corporation (MTSUY)?
Earnings per share at Mitsubishi Corporation are growing +57.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mitsubishi Corporation (MTSUY) carry?
The net debt of Mitsubishi Corporation is ¥3.9T (fiscal year 2026, ≈ 3.4 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 12, 2026