Lixil Group Corp (JSGRY) fair value: what the stock is really worth
As of Nov 3, 2026: fair value (intrinsic value) of Lixil Group Corp stock $14.69, price $21.26, that is 30.9% below the price, quality 54 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 7, 2026.
How to read this chart
60‑month range $18.39 – $44.27 · fair‑value band $10.92 – $18.22 · the $21.26 price screens above the $14.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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LIXIL Corporation, through its subsidiaries, operates water technology and housing technology business in Japan and internationally.
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The company offers fixtures and vanities, which includes ceramic toilets, bidets, urinals, and basins, and vanities; bathing products, such as bath tubs, showers enclosures, whirlpool, and wellness solutions; and bathroom fittings, including single and two lever faucets and accessories, as well as hands and head showers, thermostats, and shower systems.
It also provides shower toilets comprising integrated shower toilet system and seats; prefabricated bath and kitchen systems for houses condos, and other projects; smart water sensors and controllers; behind the wall systems and commercial fittings; kitchen fittings and sinks; and tiles.
In addition, the company offers thermal efficiency and insulation windows; entrance doors; exteriors, including entrance gates, garages, terraces, and garden rooms; and wooden interior furnishing materials, as well as other products, such as fire-resistant siding materials, aluminum frames for solar photovoltaic systems, and super wall construction.
Further, it provides housing solutions; and sells and manages real estate and other services. It offers its products under the INAX, GROHE, American Standard, TOSTEM, RICHELLE, SPAGE, exsior, SUPER WALL, ASAHI TOSTEM, DXV, NODEA, COBRA, and SATO brands.
The company was formerly known as LIXIL Group Corporation. LIXIL Corporation was founded in 1875 and is headquartered in Tokyo, Japan.
Stock analysis
Lixil Group Corp (JSGRY) currently trades at $21.26, while our model-based Fair Value estimate is $14.69, 31% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $23.95 per share, and 6 of the 23 models we run sit above the $21.26 price.
Bear case: the Asset-Based group reads lowest at $2.12, and 17 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: $10.92 (bear) to $18.22 (bull), the price of $21.26 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 54/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lixil Group Corp reported revenue of ¥1.6T in FY2026 versus ¥1.4T in FY2022, a compound +2.9%/yr. Reported net income was ¥8.6B in FY2026, compounding −35.1%/yr from FY2022.
Key figures
Market cap $3.1B Mid · P/E ratio 85.0 · EPS (TTM) $0.2500 · Dividend yield 5.2% · Net margin 0.4% · Return on equity 0.9% · Return on assets (EBIT) 2.0% (5-year average) · Operating margin 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −31%, JSGRY screens richer than that median.
Fair Value models
Bear$10.92Fair Value $14.69Bull$18.22
Price $21.26 · Downside -30.9%
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 ($0.1527 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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.5%
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.
+2.3%
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.
+3.1%
Start year 2021 (pandemic). Over 10 years: −1.6% a year
Revenue growth 21 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.
+2.3%
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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.
−27.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.0%
Dividend (yield on the price)5.2%
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.−33.0% vs −17.6%, 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% → 3%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 7.4%/yr over ~10Y (margins eroding too) ⓘ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.
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).
+4.9%
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.
+1.7%
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 +2.7% a year for the price and −0.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (46 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: Limited durable advantage in a competitive building products sector stems from low net margins and return on equity, even as the company pursues international expansion through localized production.
Main risk: Margin and execution issues during the ramp-up of the new Indian window factory could constrain profitability gains across the building products operations.
LIXIL is setting up a new window factory in Hyderabad, India, to start production in 2028 and raise its local share of TOSTEM output sharply. The move comes with a new global housing technology unit aimed at faster international growth in building products. Our models still see the stock as overvalued. Will the localized supply chain in high-growth markets deliver enough to close that gap, or will margin and execution issues keep the upper hand?
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.Building Products & Equipment · 255 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−30.9% · Below median
Profitability
Return on equity (12 months)0.9% · Below median
Return on assets0.5% · Below median
Net margin (12 months)0.4% · Below median
Operating margin (12 months)0.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)4.0% · Below median
Dividend yield (12 months)5.2% · Top 25%
Balance sheet
Debt / equity0.62× · Highest 25%
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (12 months)85.0× · Priciest 25%
P/B0.72× · Cheaper than median
P/S (12 months)0.32× · Cheapest 25%
Price / free cash flow (fiscal year)9.0× · Cheaper than median
EV/EBITDA7.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)20· sector 24
PAST (return on equity)4· sector 24
HEALTH (low debt)69· sector 95
DIVIDEND (yield)100· sector 44
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). "Lixil Group Corp Fair Value". https://www.fairvalue-calculator.com/stock/JSGRY
Frequently asked questions
Is Lixil Group Corp (JSGRY) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $14.69 versus a price of $21.26, about 31% lower (overvalued).
What is the fair value of JSGRY?
Our model-based fair value for Lixil Group Corp is $14.69 (as of Nov 7, 2026), built from audited fundamentals. The current price: $21.26.
What is the quality score of JSGRY?
Lixil Group Corp has a Quality Score of 54/100. 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 Lixil Group Corp (JSGRY)?
Our model-based price target is the fair value of $14.69 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario $10.92, optimistic scenario $18.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Lixil Group Corp stock forecast for 2026?
Our models put fair value at $14.69, about 31% lower versus a price of $21.26 (overvalued). Cautious scenario $10.92, optimistic scenario $18.22. The calculation is refreshed regularly with new filings.
What is the revenue of Lixil Group Corp (JSGRY)?
Lixil Group Corp reported trailing-twelve-month revenue of about ¥1.5T (latest available figure, as of Nov 7, 2026).
Does Lixil Group Corp pay a dividend?
Lixil Group Corp currently shows a dividend yield of 5.24% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Lixil Group Corp (JSGRY) and when is the ex-dividend date?
Lixil Group Corp has a dividend yield of 5.2%. The last ex-dividend date was Mar 31, 2026. A dividend has been paid every year since at least 2010. Free cash flow covers the dividend 2.11 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Lixil Group Corp (JSGRY)?
For today's price to be fair in a discounted-cash-flow model, Lixil Group Corp would have to grow free cash flow by +4.9 % per year for five years (discount rate 8.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of JSGRY use?
Our models discount Lixil Group Corp at 8.8 %: a base by market capitalisation (mid), damped by beta 0.62, 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 Lixil Group Corp that is +4.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.8 %) and the same formula as our fair value.
How much growth has Lixil Group Corp (JSGRY) delivered so far?
Over the past 5 years revenue at Lixil Group Corp grew +3.1 % a year. The price currently implies free-cash-flow growth of +4.9 % 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 Lixil Group Corp (JSGRY) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Lixil Group Corp (+4.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lixil Group Corp (JSGRY)?
The free-cash-flow yield on the price is 11.10 %: that much free cash flow Lixil Group Corp produces per unit of market value. When it exceeds the discount rate of our models (8.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lixil Group Corp (JSGRY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lixil Group Corp it is $14.69 per share (as of Nov 7, 2026), against a price of $21.26. 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 Lixil Group Corp stock overvalued or undervalued in 2026?
As of Nov 7, 2026, JSGRY trades above its calculated fair value: price $21.26, fair value $14.69, a gap of about −31% (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 JSGRY?
No. The price is what the market pays today ($21.26); the fair value is what the company's own numbers justify ($14.69). For Lixil Group Corp the two are $6.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lixil Group Corp worth?
The market values Lixil Group Corp at about $3.1B (market capitalisation, as of Nov 7, 2026). Per share that is $21.26; our models calculate a fair value of $14.69 per share.
What do the bullish and bearish scenarios say about JSGRY?
Our models span a range for Lixil Group Corp: cautious scenario $10.92, base $14.69, optimistic $18.22 per share (as of Nov 7, 2026, price $21.26). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JSGRY?
Lixil Group Corp trades at a price-to-earnings ratio of 85.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $14.69 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2026), reported earnings: 15.1. Other multiples: P/B 0.7, P/S 0.3, EV/EBITDA 7.3.
How solid is the balance sheet of Lixil Group Corp (JSGRY)?
Balance-sheet figures for Lixil Group Corp (as of Nov 7, 2026): return on equity 0.9%, debt of 0.62 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is JSGRY from its 52-week high?
Lixil Group Corp trades at $21.26, about 12% below its 52-week high of $24.04 and 8% above the low of $19.71 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $14.69 is for.
Which stocks are comparable to Lixil Group Corp?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Lixil Group Corp stock attractive at the current price?
The data as of Nov 7, 2026: price $21.26, calculated fair value $14.69 (−31%), Quality Score 54/100, 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 JSGRY calculated?
We run Lixil Group Corp 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 $14.69 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 13.3% above its aggregate fair value. Lixil Group 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 Lixil Group Corp (JSGRY)?
The closing price on Nov 3, 2026 was $21.26. Our model-based fair value is $14.69, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lixil Group Corp right now?
The price sits above even our optimistic bull case ($18.22). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Lixil Group Corp
How large is the market capitalisation of Lixil Group Corp (JSGRY)?
The market capitalisation of Lixil Group Corp 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 are the earnings per share of Lixil Group Corp (JSGRY)?
Earnings per share at Lixil Group Corp are $0.2500 (price ÷ EPS = P/E 85.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lixil Group Corp (JSGRY)?
The dividend yield of Lixil Group Corp is 5.2%. 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 Lixil Group Corp (JSGRY)?
The net margin of Lixil Group Corp is 0.4% (last twelve months). 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 Lixil Group Corp (JSGRY)?
The return on equity (ROE) of Lixil Group Corp is 0.9% (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 Lixil Group Corp (JSGRY)?
On an EBIT basis the return on assets of Lixil Group Corp is 2.0% (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 Lixil Group Corp (JSGRY)?
The operating margin of Lixil Group Corp is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lixil Group Corp (JSGRY)?
Revenue at Lixil Group Corp is growing +4.0% versus a year earlier (3y avg +2.3%). 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 Lixil Group Corp (JSGRY)?
Earnings per share at Lixil Group Corp are growing +2.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lixil Group Corp (JSGRY) carry?
The net debt of Lixil Group Corp is ¥534B (fiscal year 2026, ≈ 10.0 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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Broad data
Nov 7, 2026