EN DE
STOCK COMPARISON

Ajinomoto Co. vs Nestle S.A.: Fair Value & Quality

Both stocks run through our valuation models. Here is how Ajinomoto Co. (AJI) and Nestle S.A. (NESN) compare, as of Oct 3, 2026.

As of Oct 3, 2026, Fair Value Calculator sees Ajinomoto Co. as the less overvalued of the two: Ajinomoto Co. trades at €29.12 versus a fair value of €24.15 (−17.1%), while Nestle S.A. trades at CHF 74.78 versus CHF 59.51 (−20.4%).
Ajinomoto Co.
AJI.HA · EUR · Consumer Staples
−17.1%
upside to fair value
overvalued
Price€29.12
Fair Value€24.15
Quality73/100
Nestle S.A.
NESN.SW · CHF · Consumer Staples
−20.4%
upside to fair value
overvalued
PriceCHF 74.78
Fair ValueCHF 59.51
Quality68/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Ajinomoto Co.Nestle S.A.
Valuation
n/aP/E (TTM)25.6×
n/aForward P/E (FY2027)15.5×
n/aMedian P/E at FY-end (10 FY, reported earnings)24.0×
n/aP/S (TTM)2.17×
n/aP/B5.86× · book value is mostly goodwill
1.4×EV/EBITDA14.1×
2.74×PEG1.88×
−17.1%Fair value upside−20.4%
n/aDividend yield4.1%
n/aDividend per shareCHF 3.10
Profitability
0.0%Operating margin16.1%
1.30×EBIT margin trend (5Y)0.91×
n/aReturn on equity26.2%
0.0%Return on assets6.7%
Growth
0.0%Revenue growth (YoY)-2.5%
5.2%Avg. growth/yr (3Y)-1.9%
8.1%Avg. growth/yr (5Y)1.1%
+0.0%Value creation/yr+0.1%
Balance & size
15.5×Interest coverage (EBIT/interest)8.5×
0.49×Debt / equity1.34×
$31BMarket cap$232B
healthyGrowth qualityweak
Nestle S.A., median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 24.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Ajinomoto Co. leads: 8 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Ajinomoto Co.of which business quality 68 · market factors 61 Nestle S.A.of which business quality 63 · market factors 54
ProfitabilityMargins and returns on capital today
56
60
Quality GrowthAre margins and returns improving?
57
43
CashflowEarnings quality: real cash, not paper profit
66
67
Fin. StrengthBalance sheet, leverage, solvency risk
58
41
InvestmentDisciplined investing over empire-building
89
94
Low VolatilityCalm price path (market factor)
32
91
MomentumPrice trend over the last 3–12 months (market factor)
72
39
52W MomentumDistance to the 52-week high (market factor)
77
37
Net IssuanceShare count: buybacks or dilution?
100
87

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAjinomoto Co.Price €29.12Nestle S.A.Price CHF 74.78
DCF Models−12.2%close to the price€25.56−29.0%below the priceCHF 53.09
Earnings-Based−56.0%below the price€12.81−55.2%below the priceCHF 33.53
Dividend Discountn/a−53.4%below the priceCHF 34.87
Multiples+0.6%close to the price€29.31−10.8%close to the priceCHF 66.73
Asset-Based−79.7%below the price€5.91−88.6%below the priceCHF 8.55
Growth DCF−21.2%below the price€22.94−32.2%below the priceCHF 50.71
Economic Profit−46.2%below the price€15.68−57.6%below the priceCHF 31.68
Growth Earnings−2.7%close to the price€28.33−25.4%below the priceCHF 55.79
Minimum−79.7%below the price€5.91−88.6%below the priceCHF 8.55
Maximum+0.6%close to the price€29.31−10.8%close to the priceCHF 66.73
Median−21.2%below the price€22.94−42.8%below the priceCHF 42.79
Geometric mean−38.7%below the price€17.85−51.1%below the priceCHF 36.53

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Ajinomoto Co.: 16 of 23 models see the stock below the current price.

Nestle S.A.: 22 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Ajinomoto Co.
Price €29.12
Fair Value €24.15
Bear €14.20Bull €34.79
Nestle S.A.
Price CHF 74.78
Fair Value CHF 59.51
Bear CHF 36.96Bull CHF 88.54

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Ajinomoto Co. · Consumer Staples

Quality score73 · Top 25%
Fair value upside−17.1% · below median

Nestle S.A. · Consumer Staples

Quality score68 · Top 25%
Fair value upside−20.4% · below median

Bottom line

As of Oct 3, 2026, Fair Value Calculator sees Ajinomoto Co. as the less overvalued of the two: Ajinomoto Co. trades at €29.12 versus a fair value of €24.15 (−17.1%), while Nestle S.A. trades at CHF 74.78 versus CHF 59.51 (−20.4%).

Ajinomoto Co. has the higher quality score (73/100).

Open Ajinomoto Co. live analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.