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TOWA Corporation (TOWCF) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of TOWA Corporation stock $8.45, price $13.61, that is 37.9% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.

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Technology US · Based in Japan

TC TOWA Corporation logo Broad data Nov 6, 2026

TOWA Corporation

TOWCF · US
Very expensive, weak quality

Our calculation puts a fair price 38% below what the stock costs today.

Solidly profitable · 10.9% net margin (TTM)
Low debt
Generates free cash flow
Ranks above peers (8/13)
Broad data
Revenue last quarter +100% vs. a year ago.
Quality 45/100
0.9% dividend yield · Token dividend
Moderate moat 49/100 · thin data
Fair value $8.45 · Strongly overvalued
Weak Growth (revenue 3y +0.3 %/yr in JPY)
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$29.49 $7.66 Fair Value $8.45 Mar 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

32‑month range $7.66 – $29.49 · fair‑value band $6.07 – $11.90 · the $13.61 price screens above the $8.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

TOWA Corporation engages in the design, development, manufacture, and sale of semiconductor manufacturing equipment and high-precision molds in Japan and internationally. It operates through three segments: Semiconductor Manufacturing Equipment, Medical Device, and Laser Processing Equipment.

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The Semiconductor Manufacturing Equipment segment manufactures and sells precision molds for semiconductor manufacturing, molding equipment, singulation equipment, etc.; and provides after"sale services. The Medical Device segment manufactures and sells medical devices and other products.

The Laser Processing Equipment segment is engaged in the manufacture and sale of laser processing equipment and provision of after"sale services. Its products also include precision molds, end mills and drill series, TEN-systems, and mold release films.

The company was formerly known as TOWA Precision Industries Limited and changed its name to TOWA Corporation in December 1988. TOWA Corporation was incorporated in 1979 and is headquartered in Kyoto, Japan.

Stock analysis

TOWA Corporation (TOWCF) currently trades at $13.61, while our model-based Fair Value estimate is $8.45, 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 $13.44 per share, and 3 of the 23 models we run sit above the $13.61 price.

Bear case: the Dividend Discount group reads lowest at $1.12, and 20 of the 23 models stay below the price. Data coverage for this calculation is high.

Scenario range: $6.07 (bear) to $11.90 (bull), the price of $13.61 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 45/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

TOWA Corporation reported revenue of ¥54.4B in FY2026 versus ¥50.7B in FY2022, a compound +1.8%/yr. Reported net income was ¥4.6B in FY2026, compounding −13.3%/yr from FY2022.

Key figures

Market cap $1.0B Small · P/E ratio 23.1 · P/S ratio 1.95 · EPS (TTM) $0.5900 · Dividend yield 0.9% · Net margin 8.4% · Return on equity 10.0% · Return on assets (EBIT) 11.4% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).

What moves the price

The share trades about 41% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −38%, TOWCF screens richer than that median.

Fair Value models

Bear $6.07 Fair Value $8.45 Bull $11.90
Price $13.61 · Downside -37.9%
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 ($0.2832 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
FCF DCF $2.18 $2.21 $2.26 79
Growth DCF $2.18 $2.21 $2.25 77
Owner Earnings $2.37 $2.45 $2.58 75
All 23 models by family
DCF Models
FCF DCF $2.18 $2.21 $2.26 79
Owner Earnings $2.37 $2.45 $2.58 75
5Y Revenue Exit $4.79 $6.67 $9.39 70
5Y EBITDA Exit $7.56 $11.40 $16.42 72
5Y P/E Exit $5.94 $8.62 $11.77 68
10Y Revenue Exit $3.46 $4.77 $6.32 65
10Y EBITDA Exit $5.06 $7.49 $10.35 66
10Y P/E Exit $4.19 $5.89 $7.69 62
Earnings-Based
Graham-Dodd $2.63 $4.53 $5.54 64
EPV $5.45 $5.87 $6.21 71
Dividend Discount
Gordon GGM $0.9100 $1.09 $1.25 67
DDM Multi-Stage $0.9100 $1.14 $1.37 65
Multiples
P/E Multiple $8.12 $10.83 $13.54 63
P/S Multiple $4.93 $6.58 $8.22 58
P/B Multiple $25.91 $34.55 $43.19 55
EV/EBIT $12.54 $16.04 $19.54 66
EV/EBITDA $13.64 $17.50 $21.36 67
EV/Revenue $7.36 $9.63 $11.90 54
Asset-Based
NCAV (Graham) $1.75 $2.65 $3.32 54
Growth DCF
Growth DCF $2.18 $2.21 $2.25 77
Economic Profit
Residual Income $4.41 $4.50 $4.75 73
ROIC Compounder $5.45 $5.87 $6.27 69
Growth Earnings
Growth-Adj P/E $5.68 $8.12 $10.55 65

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 35
How much profit the company makes from its sales and capital
Quality Growth 8
Are margins and returns getting better?
Cashflow 20
Do the profits arrive as real cash?
Financial strength 83
Debt, balance sheet and risk of trouble
Investment 44
Does it invest with discipline instead of growing at any price?
Low Volatility 19
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 35
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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 weak: less than 2 % a year.
Revenue growth 1 year
+1.7%
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.
+0.3%
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.
−8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)0.9%
Profit margin 2022 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.23% → 13%

TOWCF screens overvalued: fair value 38% below the price. Compare with ASML Holding →

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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.Semiconductor Equipment & Materials · 235 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside −37.9% · Below median
Profitability
Return on equity (12 months) 10.0% · Below median
Return on assets 4.3% · Above median
Net margin (12 months) 10.9% · Below median
Operating margin (12 months) 13.7% · Above median
Growth and dividend
Revenue growth (quarter YoY) 100.3% · Top 25%
Dividend yield (12 months) 0.9% · Below median
Balance sheet
Debt / equity 0.06× · Below median

Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper

P/E (12 months) 23.1× · Cheaper than median
P/B 2.29× · Cheaper than median
P/S (12 months) 2.59× · Cheaper than median
EV/EBITDA 10.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)40 · sector 40
HEALTH (low debt)97 · sector 96
DIVIDEND (yield)19 · sector 19

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Applied Materials, Inc AMAT $332.72 $365.99 +10% vs TOWCF
Lam Research Corporation LRCX $200.44 $220.48 +10% vs TOWCF
Hon. Precision, Inc 7769 4,040 TWD 4,444 TWD +10% vs TOWCF
ASML Holding ASML €1,284 €1,345 +5% vs TOWCF
KLA Corporation KLAC $138.49 $129.49 −7% vs TOWCF
Entegris, Inc ENTG $127.98 $91.54 −28% vs TOWCF
Qnity Electronics, Inc Q $117.00 $70.54 −40% vs TOWCF
Advanced Micro-Fabrication Equipment Inc 688012 ¥254.00 ¥123.44 −51% vs TOWCF
Teradyne, Inc TER $218.22 $66.14 −70% vs TOWCF
Hangzhou Changchuan Technology Co 300604 ¥180.95 ¥45.22 −75% vs TOWCF

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TOWA Corporation: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "TOWA Corporation Fair Value". https://www.fairvalue-calculator.com/stock/TOWCF

Frequently asked questions

Is TOWA Corporation (TOWCF) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $8.45 versus a price of $13.61, about 38% lower (overvalued).
What is the fair value of TOWCF?
Our model-based fair value for TOWA Corporation is $8.45 (as of Nov 6, 2026), built from audited fundamentals. The current price: $13.61.
What is the quality score of TOWCF?
TOWA Corporation has a Quality Score of 45/100. 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 TOWA Corporation (TOWCF)?
Our model-based price target is the fair value of $8.45 (as of Nov 6, 2026) from 23 valuation models. Cautious scenario $6.07, optimistic scenario $11.90. It is a calculation from audited fundamentals, not an analyst target.
What is the TOWA Corporation stock forecast for 2026?
Our models put fair value at $8.45, about 38% lower versus a price of $13.61 (overvalued). Cautious scenario $6.07, optimistic scenario $11.90. The calculation is refreshed regularly with new filings.
What is the revenue of TOWA Corporation (TOWCF)?
TOWA Corporation reported trailing-twelve-month revenue of about ¥62.5B (latest available figure, as of Nov 6, 2026).
Does TOWA Corporation pay a dividend?
TOWA Corporation currently shows a dividend yield of 0.93% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of TOWA Corporation (TOWCF) and when is the ex-dividend date?
TOWA Corporation pays a dividend of $0.126 per share a year, a dividend yield of 0.9%. The next ex-dividend date is Mar 30, 2027. The payout ratio is 32.7% of earnings. Free cash flow covers the dividend 0.03 times. Our assessment: Token dividend. At a yield of 0.9% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.9% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of TOWA Corporation (TOWCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TOWA Corporation it is $8.45 per share (as of Nov 6, 2026), against a price of $13.61. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is TOWA Corporation stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TOWCF trades above its calculated fair value: price $13.61, fair value $8.45, 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 TOWCF?
No. The price is what the market pays today ($13.61); the fair value is what the company's own numbers justify ($8.45). For TOWA Corporation the two are $5.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is TOWA Corporation worth?
The market values TOWA Corporation at about $1.0B (market capitalisation, as of Nov 6, 2026). Per share that is $13.61; our models calculate a fair value of $8.45 per share.
What do the bullish and bearish scenarios say about TOWCF?
Our models span a range for TOWA Corporation: cautious scenario $6.07, base $8.45, optimistic $11.90 per share (as of Nov 6, 2026, price $13.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TOWCF?
TOWA Corporation trades at a price-to-earnings ratio of 23.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.45 is built from several models across several years. Other multiples: P/B 2.3, P/S 2.6, EV/EBITDA 10.5.
How solid is the balance sheet of TOWA Corporation (TOWCF)?
Balance-sheet figures for TOWA Corporation (as of Nov 6, 2026): return on equity 10.0%, debt of 0.06 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is TOWCF from its 52-week high?
TOWA Corporation trades at $13.61, about 41% below its 52-week high of $23.25 and 17% above the low of $11.59 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $8.45 is for.
Which stocks are comparable to TOWA Corporation?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA 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 TOWA Corporation stock attractive at the current price?
The data as of Nov 6, 2026: price $13.61, calculated fair value $8.45 (−38%), Quality Score 45/100, from 23 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 TOWCF calculated?
We run TOWA Corporation through 23 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 $8.45 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. TOWA 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 TOWA Corporation (TOWCF)?
The closing price on Nov 6, 2026 was $13.61. Our model-based fair value is $8.45, about 38% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TOWA Corporation right now?
The price sits above even our optimistic bull case ($11.90). The favourable scenario is already priced in. Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($6.07 to $11.90) leaves room in how you read the outcome.

Key figures of TOWA Corporation

How large is the market capitalisation of TOWA Corporation (TOWCF)?
The market capitalisation of TOWA Corporation is $1.0B. 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 TOWA Corporation (TOWCF)?
The price-to-sales ratio of TOWA Corporation is 1.95 (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 TOWA Corporation (TOWCF)?
Earnings per share at TOWA Corporation are $0.5900 (price ÷ EPS = P/E 23.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TOWA Corporation (TOWCF)?
The dividend yield of TOWA Corporation is 0.9% (payout 21.4%). 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 TOWA Corporation (TOWCF)?
The net margin of TOWA Corporation is 8.4% (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 TOWA Corporation (TOWCF)?
The return on equity (ROE) of TOWA Corporation is 10.0% (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 TOWA Corporation (TOWCF)?
On an EBIT basis the return on assets of TOWA Corporation is 11.4% (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 TOWA Corporation (TOWCF)?
The operating margin of TOWA Corporation is 13.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TOWA Corporation (TOWCF)?
Revenue at TOWA Corporation is growing +100% versus a year earlier (3y avg +0.3%). 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 TOWA Corporation (TOWCF)?
Earnings per share at TOWA Corporation are growing −33.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TOWA Corporation (TOWCF) generate?
The free cash flow of TOWA Corporation is ¥51.4M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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