Nabtesco Corporation (NCTKY) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Nabtesco Corporation stock $8.28, price $13.30, that is 37.7% below the price, quality 67 out of 100. Rating: strongly 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 9, 2026.
How to read this chart
60‑month range $6.53 – $19.62 · fair‑value band $6.63 – $10.53 · the $13.30 price screens above the $8.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Nabtesco Corporation manufactures and sells industrial robot parts, construction machinery, railway vehicle brake systems, and automatic doors, aircraft parts, automobile brakes and drive controls, marine, and platform safety products in Japan and internationally.
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It offers precision reduction gear for component and gear head types; hydraulic equipment, such as traveling units for crawlers, control valves for mini excavators, and swing units for hydraulic excavators; railroad vehicle equipment, such as unit brakes, door operators, and brake operating units; and aircraft equipment comprising flight control actuation systems and high-voltage electric power distribution units.
The company also provides air dryers and wedge brake chambers for commercial vehicles, and electric compressors for electric buses; marine vessel equipment; automatic doors and platform doors for buildings; prosthetic knee joints; rollators with speed control systems; and power assist units for wheelchairs.
In addition, it offers condition monitoring with fail-safe equipment and diagnostic services for wind turbines, as well as wireless power and charging systems; and designs, manufacture, sales, maintenance, and repair of packaging machines, 3D model creation devices, textile machines, and related equipment.
Nabtesco Corporation was incorporated in 2003 and is headquartered in Chiyoda, Japan.
Stock analysis
Nabtesco Corporation (NCTKY) currently trades at $13.30, while our model-based Fair Value estimate is $8.28, 38% 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 $10.16 per share, and 2 of the 24 models we run sit above the $13.30 price.
Bear case: the Asset-Based group reads lowest at $1.75, and 22 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $6.63 (bear) to $10.53 (bull), the price of $13.30 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 67/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Nabtesco Corporation reported revenue of ¥308B in FY2025 versus ¥300B in FY2021, a compound +0.7%/yr. Reported net income was ¥15.7B in FY2025, compounding −29.9%/yr from FY2021.
Key figures
Market cap $3.1B Mid · P/E ratio 25.1 · P/S ratio 1.28 · EPS (TTM) $0.5300 · Dividend yield 1.8% · Net margin 5.1% · Return on equity 7.0% · Return on assets (EBIT) 4.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −48% fair-value upside, at −38%, NCTKY screens cheaper than that median.
Fair Value models
Bear$6.63Fair Value $8.28Bull$10.53
Price $13.30 · Downside -37.7%
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 ($0.4603 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.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.8%
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.
−0.1%
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.
+2.0%
Start year 2020 (pandemic). Over 10 years: +2.2% a year
Revenue growth 11 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.
+3.1%
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’25
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. Basis: EBIT basis. 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.
≈ −3.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.1%
Dividend (yield on the price)1.8%
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.10% → 7%
⚠ Rate on operating basis: 2025 sits 59% above its own trend.
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).
+1.5%
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.
+6.4%
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 −0.6% a year for the price and +4.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (6 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Strong revenue growth in precision gears and rail equipment forms the main strength, while weak profitability and material weaknesses in internal controls remain the central limitation.
Main risk: The disclosed material weakness in internal controls risks eroding trust in reported figures and hitting how the business is valued amid governance uncertainty.
Nabtesco reported strong revenue growth in its continuing operations and raised full-year guidance after shifting its hydraulic equipment business into discontinued operations. At the same time it disclosed a material weakness in internal controls that led to corrections in net asset figures across fiscal years 2021 through 2025. Will improved performance in precision gears and rail equipment outweigh the added governance uncertainty, or will the accounting issues weigh more heavily on how the business is valued?
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 · 841 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−37.7% · Below median
Profitability
Return on equity (12 months)7.0% · Above median
Return on assets3.4% · Below median
Net margin (12 months)6.8% · Above median
Operating margin (12 months)9.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.5% · Below median
Dividend yield (12 months)1.8% · Above median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)25.1× · Cheaper than median
P/B1.80× · Cheaper than median
P/S (12 months)1.59× · Cheaper than median
Price / free cash flow (fiscal year)29.2× · Pricier than median
EV/EBITDA9.9× · Cheaper than median
PEG1.83× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)3· sector 31
PAST (return on equity)28· sector 27
HEALTH (low debt)98· sector 95
DIVIDEND (yield)36· sector 28
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.
Cite: Fair Value Calculator (2026). "Nabtesco Corporation Fair Value". https://www.fairvalue-calculator.com/stock/NCTKY
Frequently asked questions
Is Nabtesco Corporation (NCTKY) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $8.28 versus a price of $13.30, about 38% lower (overvalued).
What is the fair value of NCTKY?
Our model-based fair value for Nabtesco Corporation is $8.28 (as of Nov 9, 2026), built from audited fundamentals. The current price: $13.30.
What is the quality score of NCTKY?
Nabtesco Corporation has a Quality Score of 67/100. 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 Nabtesco Corporation (NCTKY)?
Our model-based price target is the fair value of $8.28 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario $6.63, optimistic scenario $10.53. It is a calculation from audited fundamentals, not an analyst target.
What is the Nabtesco Corporation stock forecast for 2026?
Our models put fair value at $8.28, about 38% lower versus a price of $13.30 (overvalued). Cautious scenario $6.63, optimistic scenario $10.53. The calculation is refreshed regularly with new filings.
What is the revenue of Nabtesco Corporation (NCTKY)?
Nabtesco Corporation reported trailing-twelve-month revenue of about ¥310B (latest available figure, as of Nov 9, 2026).
Does Nabtesco Corporation pay a dividend?
Nabtesco Corporation currently shows a dividend yield of 1.81% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Nabtesco Corporation (NCTKY) and when is the ex-dividend date?
Nabtesco Corporation has a dividend yield of 1.8%. The last ex-dividend date was Jun 30, 2026. A dividend has been paid every year since at least 2019. The payout ratio is 56.6% of earnings. Free cash flow covers the dividend 1.89 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 Nabtesco Corporation (NCTKY)?
For today's price to be fair in a discounted-cash-flow model, Nabtesco Corporation would have to grow free cash flow by +1.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of NCTKY use?
Our models discount Nabtesco Corporation at 9.6 %: a base by market capitalisation (mid), damped by beta 0.92, 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 Nabtesco Corporation that is +1.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Nabtesco Corporation (NCTKY) delivered so far?
Over the past 5 years revenue at Nabtesco Corporation grew +2.0 % a year. The price currently implies free-cash-flow growth of +1.5 % 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 Nabtesco Corporation (NCTKY) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into Nabtesco Corporation (+1.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nabtesco Corporation (NCTKY)?
The free-cash-flow yield on the price is 6.74 %: that much free cash flow Nabtesco Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nabtesco Corporation (NCTKY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nabtesco Corporation it is $8.28 per share (as of Nov 9, 2026), against a price of $13.30. 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 Nabtesco Corporation stock overvalued or undervalued in 2026?
As of Nov 9, 2026, NCTKY trades above its calculated fair value: price $13.30, fair value $8.28, a gap of about −38% (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 NCTKY?
No. The price is what the market pays today ($13.30); the fair value is what the company's own numbers justify ($8.28). For Nabtesco Corporation the two are $5.02 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nabtesco Corporation worth?
The market values Nabtesco Corporation at about $3.1B (market capitalisation, as of Nov 9, 2026). Per share that is $13.30; our models calculate a fair value of $8.28 per share.
What do the bullish and bearish scenarios say about NCTKY?
Our models span a range for Nabtesco Corporation: cautious scenario $6.63, base $8.28, optimistic $10.53 per share (as of Nov 9, 2026, price $13.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NCTKY?
Nabtesco Corporation trades at a price-to-earnings ratio of 25.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.28 is built from several models across several years. Other multiples: PEG 1.8, P/B 1.8, P/S 1.6, EV/EBITDA 9.9.
What is the PEG ratio of NCTKY?
The PEG ratio of Nabtesco Corporation is 1.83 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nabtesco Corporation (NCTKY)?
Balance-sheet figures for Nabtesco Corporation (as of Nov 9, 2026): return on equity 7.0%, debt of 0.04 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is NCTKY from its 52-week high?
Nabtesco Corporation trades at $13.30, about 30% below its 52-week high of $19.06 and 54% above the low of $8.65 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of $8.28 is for.
Which stocks are comparable to Nabtesco Corporation?
From the same area (Industrials) we also value GE Vernova Inc, SIE, 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 Nabtesco Corporation stock attractive at the current price?
The data as of Nov 9, 2026: price $13.30, calculated fair value $8.28 (−38%), Quality Score 67/100, 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 NCTKY calculated?
We run Nabtesco Corporation 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 $8.28 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 14.3% above its aggregate fair value. Nabtesco Corporation 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 Nabtesco Corporation (NCTKY)?
The closing price on Nov 12, 2026 was $13.30. Our model-based fair value is $8.28, about 38% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nabtesco Corporation right now?
The price sits above even our optimistic bull case ($10.53). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Nabtesco Corporation
How large is the market capitalisation of Nabtesco Corporation (NCTKY)?
The market capitalisation of Nabtesco Corporation is $3.1B. 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 Nabtesco Corporation (NCTKY)?
The price-to-sales ratio of Nabtesco Corporation is 1.28 (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 Nabtesco Corporation (NCTKY)?
Earnings per share at Nabtesco Corporation are $0.5300 (price ÷ EPS = P/E 25.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nabtesco Corporation (NCTKY)?
The dividend yield of Nabtesco Corporation is 1.8% (payout 45.4%). 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 Nabtesco Corporation (NCTKY)?
The net margin of Nabtesco Corporation is 5.1% (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 Nabtesco Corporation (NCTKY)?
The return on equity (ROE) of Nabtesco Corporation is 7.0% (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 Nabtesco Corporation (NCTKY)?
On an EBIT basis the return on assets of Nabtesco Corporation is 4.3% (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 Nabtesco Corporation (NCTKY)?
The operating margin of Nabtesco Corporation is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nabtesco Corporation (NCTKY)?
Revenue at Nabtesco Corporation is growing +0.5% versus a year earlier (3y avg −0.1%). 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 Nabtesco Corporation (NCTKY)?
Earnings per share at Nabtesco Corporation are growing +120% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026