Air Water Inc (0AW) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Air Water Inc €10.86, price €16.11, upside -32.6%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 4 of the last 21 trading days (30 days) had any turnover. On the other days the price is an indicative quote without trading, so we do not list this stock in the radar. It stays reachable through search.
AWSome dataSep 30, 2026
Air Water Inc
0AW · F
Overvalued / MonitorQuality is not strong enough to offset the price risk.
!Fair value €10.86 · Overvalued (−32.6%)
!Quality 52/100
!Mixed Growth(revenue 5y +4.7 %/yr)
!Loss over the last twelve months · -6.0% net margin (TTM) · fiscal year 2026 3.9%
✓Moderate debt · generates free cash flow
✓2.5% dividend yield · Well covered
!Mixed vs. peers(5/12)
!Narrow moat25/100
!Evidence only medium, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
60‑month range €9.43 – €16.80 · fair‑value band €6.19 – €17.19 · the €16.11 price screens above the €10.86 fair value. Dashed = 300-day average. As of Sep 30, 2026.
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Air Water Inc. engages in manufacturing selling products and services related to industrial gas, chemical, medical, energy, agriculture and food products, logistics, seawater, and other businesses in Japan. It operates through the Digital & Industry, Energy Solutions, Health & Safety, Agriculture & Foods, and Other Business segments.
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Air Water Inc. engages in manufacturing selling products and services related to industrial gas, chemical, medical, energy, agriculture and food products, logistics, seawater, and other businesses in Japan. It operates through the Digital & Industry, Energy Solutions, Health & Safety, Agriculture & Foods, and Other Business segments. The Digital & Industry segment manufactures and sells industrial gases including oxygen, nitrogen, argon, carbon dioxide, and hydrogen, and electronic and functional materials. Its Energy Solutions segment is involved in the sale of LP gas and kerosene, as well as the manufacture and sale of liquid nitrogen gas-related equipment. The Health & Safety segment offers oxygen and other medical gases, dental and hygiene materials, hypodermic needles, and aerosol products, as well as hospital facility construction, hospital services, and home medical care services. Its Agriculture & Foods segment is involved in the process and distribution of vegetables and fruits; manufacture and sale of frozen food and processed meat products; and operation of contract manufacture of soft drinks. The Other Business segment consists of logistics services for general cargo, food, medical supplies, and environmental products; manufacture and sale of commercial use salt; supply of high-output uninterruptible power sources; and a woody biomass power generation business. It also engages in the operation and maintenance of high-pressure gas production plants; metal surface hardening treatment services; and design and manufacture of robot systems, jigs, and tools. It also manufactures and sells industrial rubber products and resin products; precision polishing pads and artificial leather; magnesium oxide, fused magnesia, magnesium hydroxide, and ceramic products; electrothermal magnesia; and rubber molded products. The company also designs, manufactures, and sells dental care products. The company was incorporated in 1929 and is headquartered in Osaka, Japan.
Stock analysis
Air Water Inc (0AW) currently trades at €16.11, while our model-based Fair Value estimate is €10.86, 32.6% 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 €16.66 per share, and 5 of the 25 models we run sit above the €16.11 price.
Bear case: the Earnings-Based group reads lowest at €5.42, and 20 of the 25 models stay below the price. Evidence for this calculation is medium.
Scenario range: €6.19 (bear) to €17.19 (bull), the price of €16.11 sits inside 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 52/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Air Water Inc reported revenue of ¥1.0T in FY2026 versus ¥889B in FY2022, a compound +3.3%/yr. Reported net income was ¥39.9B in FY2026, compounding −2.0%/yr from FY2022.
Key figures
Market cap €3.7B · P/E ratio 16.6 · P/S ratio 0.65 · EPS (TTM) €0.9700 · Dividend yield 2.5% · Net margin 3.9% · Return on equity −15.3% · Return on assets (EBIT) 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −33%, 0AW screens cheaper than that median.
Fair Value models
Bear €6.19Fair Value €10.86Bull €17.19
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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
−5.0%
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%
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.
+4.7%
Start year 2021 (pandemic). Over 10 years: +4.4% a year
Revenue growth 12 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.
+3.9%
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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.
+7.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.4%
Dividend (yield on the price)2.5%
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.5.4% vs 4.3%, steady
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.6% → 6%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than 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).
+13.1%
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.
+5.3%
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 +10.8% a year for the price and +3.1% 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.
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 Chemicals · 696 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−32.4% · Below median
Profitability
Return on assets2.0% · Below median
Net margin (TTM)−6.0% · Bottom 25%
Operating margin (TTM)6.2% · Below median
Growth and dividend
Revenue growth30.2% · Top 25%
Dividend yield (TTM)2.5% · Above median
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)16.6× · Cheaper than median
P/FCF0.1× · Cheapest 25%
EV/EBITDA2.2× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)0· sector 25
HEALTH (low debt)63· sector 95
DIVIDEND (yield)51· sector 29
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). "Air Water Inc Fair Value". https://www.fairvalue-calculator.com/stock/0AW
Frequently asked questions
Is Air Water Inc (0AW) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of €10.86 versus a price of €16.11, about −33% upside (overvalued).
What is the fair value of 0AW?
Our model-based fair value for Air Water Inc is €10.86 (as of Sep 30, 2026), built from audited fundamentals. The current price: €16.11.
What is the quality score of 0AW?
Air Water Inc has a Quality Score of 52/100. 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 Air Water Inc (0AW)?
Our model-based price target is the fair value of €10.86 (as of Sep 30, 2026) from 25 valuation models. Cautious scenario €6.19, optimistic scenario €17.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Air Water Inc stock forecast for 2026?
Our models put fair value at €10.86, about −33% upside versus a price of €16.11 (overvalued). Cautious scenario €6.19, optimistic scenario €17.19. The calculation is refreshed regularly with new filings.
What is the revenue of Air Water Inc (0AW)?
Air Water Inc reported trailing-twelve-month revenue of about ¥1.1T (latest available figure, as of Sep 30, 2026).
Does Air Water Inc pay a dividend?
Air Water Inc currently shows a dividend yield of about 2.54% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Air Water Inc (0AW)?
For today's price to be fair in a discounted-cash-flow model, Air Water Inc would have to grow free cash flow by +13.1 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.7 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of 0AW use?
Our models discount Air Water Inc at 8.3 %: a base by market capitalisation (mid), damped by beta 0.28, country premium for Germany. 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 Air Water Inc that is +13.1 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Air Water Inc (0AW) delivered so far?
Over the past 5 years revenue at Air Water Inc grew +4.7 % a year. The price currently implies +13.1 % per year free-cash-flow growth a 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 Air Water Inc (0AW) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into Air Water Inc (+13.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Air Water Inc (0AW)?
The free-cash-flow yield on the price is 5.24 %: that much free cash flow Air Water Inc produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Air Water Inc (0AW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Air Water Inc it is €10.86 per share (as of Sep 30, 2026), against a price of €16.11. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Air Water Inc stock overvalued or undervalued in 2026?
As of Sep 30, 2026, 0AW trades above its calculated fair value: price €16.11, fair value €10.86, a gap of about −33% (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 0AW?
No. The price is what the market pays today (€16.11); the fair value is what the company's own numbers justify (€10.86). For Air Water Inc the two are €5.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Air Water Inc worth?
The market values Air Water Inc at about €3.7B (market capitalisation, as of Sep 30, 2026). Per share that is €16.11; our models calculate a fair value of €10.86 per share.
What do the bullish and bearish scenarios say about 0AW?
Our models span a range for Air Water Inc: cautious scenario €6.19, base €10.86, optimistic €17.19 per share (as of Sep 30, 2026, price €16.11). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0AW?
Air Water Inc trades at a price-to-earnings ratio of 16.6 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €10.86 is built from several models across several years. Other multiples: EV/EBITDA 2.2.
How solid is the balance sheet of Air Water Inc (0AW)?
Balance-sheet figures for Air Water Inc (as of Sep 30, 2026): return on equity −15.3%, debt of 0.75 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 0AW from its 52-week high?
Air Water Inc trades at €16.11, about 4% below its 52-week high of €16.80 and 61% above the low of €10.01 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €10.86 is for.
Which stocks are comparable to Air Water Inc?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Air Water Inc stock attractive at the current price?
The data as of Sep 30, 2026: price €16.11, calculated fair value €10.86 (−33%), Quality Score 52/100, from 25 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 0AW calculated?
We run Air Water Inc through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €10.86, 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 14.5 % above its aggregate fair value. Air Water Inc 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 Air Water Inc (0AW)?
The closing price on Oct 1, 2026 was €16.11. Our model-based fair value is €10.86, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Air Water Inc right now?
The model range is unusually wide (€6.19 to €17.19). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Air Water Inc
How large is the market capitalisation of Air Water Inc (0AW)?
The market capitalisation of Air Water Inc is €3.7B. 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 Air Water Inc (0AW)?
The price-to-sales ratio of Air Water Inc is 0.65 (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 Air Water Inc (0AW)?
Earnings per share at Air Water Inc are €0.9700 (price ÷ EPS = P/E 16.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Air Water Inc (0AW)?
The dividend yield of Air Water Inc is 2.5% (payout 42.2%). 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 Air Water Inc (0AW)?
The net margin of Air Water Inc is 3.9% (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 Air Water Inc (0AW)?
The return on equity (ROE) of Air Water Inc is −15.3% (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 Air Water Inc (0AW)?
On an EBIT basis the return on assets of Air Water Inc is 3.7% (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 Air Water Inc (0AW)?
The operating margin of Air Water Inc is 6.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Air Water Inc (0AW)?
Revenue at Air Water Inc is growing +30.2% 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 Air Water Inc (0AW)?
Earnings per share at Air Water Inc are growing +14.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Air Water Inc (0AW) carry?
The net debt of Air Water Inc is ¥381B (fiscal year 2026, ≈ 11.1 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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