Meiji Holdings Co Ltd (MEJHY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Meiji Holdings Co Ltd stock $7.23, price $13.25, that is 45.4% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 $8.77 – $18.54 · fair‑value band $7.06 – $8.94 · the $13.25 price screens above the $7.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Meiji Holdings Co., Ltd., through its subsidiaries, engages in the manufacture and sale of dairy products, confectionery food products and pharmaceuticals in Japan and internationally. The company operates through two segments, Food and Pharmaceuticals.
The Pharmaceutical segment offers drugs for infectious and central nervous system disorders, vaccines, blood plasma products, generic drugs, and animal health products. Meiji Holdings Co., Ltd. was founded in 1916 and is headquartered in Tokyo, Japan.
Stock analysis
Meiji Holdings Co Ltd (MEJHY) currently trades at $13.25, while our model-based Fair Value estimate is $7.23, 45% 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 $16.77 per share, and 4 of the 14 models we run sit above the $13.25 price.
Bear case: the Asset-Based group reads lowest at $1.12, and 10 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $7.06 (bear) to $8.94 (bull), the price of $13.25 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 58/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Meiji Holdings Co Ltd ADR reported revenue of ¥1.2T in FY2026 versus ¥1.0T in FY2022, a compound +5.3%/yr. Reported net income was ¥37.2B in FY2026, compounding −19.3%/yr from FY2022.
Key figures
Market cap $7.2B Mid · P/E ratio 27.6 · P/S ratio 0.82 · EPS (TTM) $0.4800 · Dividend yield 2.3% · Net margin 3.0% · Return on equity 5.5% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at −45%, MEJHY screens richer than that median.
Fair Value models
Bear$7.06Fair Value $7.23Bull$8.94
Price $13.25 · Downside -45.4%
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 ($0.2919 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.27/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+7.8%
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.
+5.4%
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.
+0.9%
Start year 2021 (pandemic). Over 10 years: +0.2% a year
Revenue growth 20 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.
+2.8%
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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.
−7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.0%
Dividend (yield on the price)2.3%
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.−10.0% vs −4.5%, 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.9% → 8%
AI conclusion: Stronger pharmaceutical results offer a key strength, but negative free cash flow and low returns highlight the main weakness in packaged foods.
Main risk: Continued negative free cash flow in the core packaged foods business risks undermining capital discipline and long-term investment capacity.
Meiji Holdings is transferring its Nihon Kanzume unit, which produces frozen vegetables and retort pouch foods, to Yoshimura Food Holdings as part of portfolio restructuring. This step coincides with stronger results from the pharmaceutical segment. Will these adjustments allow the company to lift returns beyond what the stable packaged foods operations typically deliver, or will our models continue to see it as overvalued?
Compare Meiji Holdings Co Ltd ADR with another stock
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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.Packaged Foods · 627 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−45.4% · Bottom 25%
Profitability
Return on equity (12 months)5.5% · Below median
Return on assets2.9% · Below median
Net margin (12 months)3.4% · Below median
Operating margin (12 months)7.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.8% · Above median
Dividend yield (12 months)2.3% · Below median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)27.6× · Priciest 25%
P/B1.47× · Pricier than median
P/S (12 months)0.96× · Pricier than median
EV/EBITDA7.5× · Cheaper than median
PEG1.04× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)29· sector 25
PAST (return on equity)22· sector 31
HEALTH (low debt)96· sector 96
DIVIDEND (yield)47· sector 55
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). "Meiji Holdings Co Ltd ADR Fair Value". https://www.fairvalue-calculator.com/stock/MEJHY
Frequently asked questions
Is Meiji Holdings Co Ltd (MEJHY) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $7.23 versus a price of $13.25, about 45% lower (overvalued).
What is the fair value of MEJHY?
Our model-based fair value for Meiji Holdings Co Ltd is $7.23 (as of Nov 8, 2026), built from audited fundamentals. The current price: $13.25.
What is the quality score of MEJHY?
Meiji Holdings Co Ltd has a Quality Score of 58/100. 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 Meiji Holdings Co Ltd (MEJHY)?
Our model-based price target is the fair value of $7.23 (as of Nov 8, 2026) from 14 valuation models. Cautious scenario $7.06, optimistic scenario $8.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Meiji Holdings Co Ltd ADR stock forecast for 2026?
Our models put fair value at $7.23, about 45% lower versus a price of $13.25 (overvalued). Cautious scenario $7.06, optimistic scenario $8.94. The calculation is refreshed regularly with new filings.
What is the revenue of Meiji Holdings Co Ltd (MEJHY)?
Meiji Holdings Co Ltd reported trailing-twelve-month revenue of about ¥1.2T (latest available figure, as of Nov 8, 2026).
Does Meiji Holdings Co Ltd ADR pay a dividend?
Meiji Holdings Co Ltd currently shows a dividend yield of 2.34% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Meiji Holdings Co Ltd (MEJHY) and when is the ex-dividend date?
Meiji Holdings Co Ltd has a dividend yield of 2.3%. The last ex-dividend date was Mar 31, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 71.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Meiji Holdings Co Ltd (MEJHY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Meiji Holdings Co Ltd it is $7.23 per share (as of Nov 8, 2026), against a price of $13.25. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Meiji Holdings Co Ltd ADR stock overvalued or undervalued in 2026?
As of Nov 8, 2026, MEJHY trades above its calculated fair value: price $13.25, fair value $7.23, a gap of about −45% (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 MEJHY?
No. The price is what the market pays today ($13.25); the fair value is what the company's own numbers justify ($7.23). For Meiji Holdings Co Ltd the two are $6.02 per share apart. That gap is exactly why we show both numbers side by side.
How much is Meiji Holdings Co Ltd ADR worth?
The market values Meiji Holdings Co Ltd at about $7.2B (market capitalisation, as of Nov 8, 2026). Per share that is $13.25; our models calculate a fair value of $7.23 per share.
What do the bullish and bearish scenarios say about MEJHY?
Our models span a range for Meiji Holdings Co Ltd: cautious scenario $7.06, base $7.23, optimistic $8.94 per share (as of Nov 8, 2026, price $13.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MEJHY?
Meiji Holdings Co Ltd trades at a price-to-earnings ratio of 27.6 (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 $7.23 is built from several models across several years. Other multiples: PEG 1.0, P/B 1.5, P/S 1.0, EV/EBITDA 7.5.
What is the PEG ratio of MEJHY?
The PEG ratio of Meiji Holdings Co Ltd is 1.04 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Meiji Holdings Co Ltd (MEJHY)?
Balance-sheet figures for Meiji Holdings Co Ltd (as of Nov 8, 2026): return on equity 5.5%, debt of 0.09 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is MEJHY from its 52-week high?
Meiji Holdings Co Ltd trades at $13.25, about 11% below its 52-week high of $14.95 and 40% above the low of $9.46 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $7.23 is for.
Which stocks are comparable to Meiji Holdings Co Ltd ADR?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Meiji Holdings Co Ltd ADR stock attractive at the current price?
The data as of Nov 8, 2026: price $13.25, calculated fair value $7.23 (−45%), Quality Score 58/100, from 14 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 MEJHY calculated?
We run Meiji Holdings Co Ltd through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $7.23 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. Meiji Holdings Co 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 Meiji Holdings Co Ltd (MEJHY)?
The closing price on Nov 6, 2026 was $13.25. Our model-based fair value is $7.23, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Meiji Holdings Co Ltd ADR right now?
The price sits above even our optimistic bull case ($8.94). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Meiji Holdings Co Ltd (MEJHY) come from?
Earnings per share at Meiji Holdings Co Ltd grew −1.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share −0.2 %, EBIT margin +2.7 %, tax rate −1.2 %, residual (interest, one-offs) −2.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Meiji Holdings Co Ltd
How large is the market capitalisation of Meiji Holdings Co Ltd (MEJHY)?
The market capitalisation of Meiji Holdings Co Ltd is $7.2B. 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 Meiji Holdings Co Ltd (MEJHY)?
The price-to-sales ratio of Meiji Holdings Co Ltd is 0.82 (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 Meiji Holdings Co Ltd (MEJHY)?
Earnings per share at Meiji Holdings Co Ltd are $0.4800 (price ÷ EPS = P/E 27.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Meiji Holdings Co Ltd (MEJHY)?
The dividend yield of Meiji Holdings Co Ltd is 2.3% (payout 64.6%). 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 Meiji Holdings Co Ltd (MEJHY)?
The net margin of Meiji Holdings Co Ltd is 3.0% (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 Meiji Holdings Co Ltd (MEJHY)?
The return on equity (ROE) of Meiji Holdings Co Ltd is 5.5% (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 Meiji Holdings Co Ltd (MEJHY)?
On an EBIT basis the return on assets of Meiji Holdings Co Ltd is 7.4% (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 Meiji Holdings Co Ltd (MEJHY)?
The operating margin of Meiji Holdings Co Ltd is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Meiji Holdings Co Ltd (MEJHY)?
Revenue at Meiji Holdings Co Ltd is growing +5.8% versus a year earlier (3y avg +5.4%). 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 Meiji Holdings Co Ltd (MEJHY)?
Earnings per share at Meiji Holdings Co Ltd are growing +51.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Meiji Holdings Co Ltd (MEJHY) generate?
The free cash flow of Meiji Holdings Co Ltd is −¥50.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Meiji Holdings Co Ltd (MEJHY) carry?
The net debt of Meiji Holdings Co Ltd is ¥43.5B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026