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Shizuoka Gas Co (1KS) fair value: what the stock is really worth

As of Oct 26, 2026: fair value (intrinsic value) of Shizuoka Gas Co stock €9.35, price €7.71, upside +21.3%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Utilities · DE · Home Japan · ISIN JP3351150002

SG Shizuoka Gas Co logo Broad data Oct 27, 2026

Shizuoka Gas Co

1KS · F

UndervaluedThe stock appears undervalued with acceptable quality.

The stock costs 18% less than our calculation considers fair.

Fair value €9.35 · Undervalued (18%)
Low debt
Generates free cash flow
3.3% dividend yield · Well covered
Ranks above peers (9/14)
Broad data
Quality 56/100
Thin margins · 4.9% net margin (TTM)
Moderate moat 47/100
Weak Growth (revenue 3y −1.0 %/yr in JPY)
⟳ CyclicalPrice via web search⚠ Thinly traded

What runs behind every stock

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

Price vs Fair Value

€9.41 €5.02 Fair Value €9.35 Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.

How to read this chart

60‑month range €5.02 – €9.41 · fair‑value band €7.37 – €13.03 · the €7.71 price screens below the €9.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 27, 2026.

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Company profile

Shizuoka Gas Co., Ltd. produces, supplies, and sells city gas in Japan. It operates through Gas, and LPG and Other Energy Services segments. The company sells and supplies gas and liquefied natural gas; liquefied petroleum gas and related equipment; and provides on-site energy services.

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It is also involved in equipment installation and contract work. Further, the company sells gas appliances; and undertakes contracts for gas related construction works. The company was incorporated in 1910 and is headquartered in Shizuoka, Japan.

Stock analysis

Shizuoka Gas Co (1KS) currently trades at €7.71, while our model-based Fair Value estimate is €9.35, implying the stock looks roughly 17.6% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of €13.57 per share, and 18 of the 23 models we run sit above the €7.71 price.

Bear case: the Dividend Discount group reads lowest at €2.88, and 5 of the 23 models stay below the price. Data coverage for this calculation is high.

Scenario range: €7.37 (bear) to €13.03 (bull), the price of €7.71 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 56/100 (solid quality), in the Utilities sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Shizuoka Gas Co reported revenue of ¥201B in FY2025 versus ¥133B in FY2021, a compound +10.9%/yr. Reported net income was ¥10.0B in FY2025, compounding +25.0%/yr from FY2021.

Key figures

Market cap €581M Small · P/E ratio 10.7 · P/S ratio 0.53 · EPS (TTM) €0.7200 · Dividend yield 3.3% · Net margin 5.0% · Return on equity 7.4% · Return on assets (EBIT) 6.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (medium confidence).

What moves the price

The share trades about 8% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Utilities peers we cover trades at 0% fair-value upside, at 21%, 1KS screens cheaper than that median.

Fair Value models

Bear €7.37 Fair Value €9.35 Bull €13.03
Price €7.71 · Upside +21.3%
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 2025 figures (about 10 months old). Earnings retained since then (€0.3841 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 €4.61 €5.64 €7.17 79
Growth DCF €4.69 €5.67 €7.03 77
Residual Income €7.92 €8.33 €9.10 73
All 23 models by family
DCF Models
FCF DCF €4.61 €5.64 €7.17 79
5Y Revenue Exit €7.96 €11.88 €17.12 69
5Y EBITDA Exit €7.44 €10.98 €15.25 72
5Y P/E Exit €7.90 €11.78 €15.95 68
10Y Revenue Exit €6.29 €9.35 €13.03 64
10Y EBITDA Exit €6.22 €8.79 €11.83 66
10Y P/E Exit €6.49 €9.29 €12.28 62
Earnings-Based
Graham-Dodd €5.15 €9.80 €12.20 63
EPV €8.37 €9.38 €10.23 71
Dividend Discount
Gordon GGM €2.19 €2.88 €3.54 67
DDM Multi-Stage €2.19 €2.91 €3.68 65
Multiples
P/E Multiple €10.21 €13.62 €17.02 63
P/S Multiple €9.65 €12.86 €16.08 58
P/B Multiple €13.35 €17.80 €22.25 55
EV/EBIT €11.71 €15.69 €19.66 66
EV/EBITDA €9.10 €12.21 €15.31 67
EV/Revenue €9.44 €13.57 €17.70 53
Asset-Based
NCAV (Graham) €0.4700 €0.7100 €0.8900 54
Growth DCF
Growth DCF €4.69 €5.67 €7.03 77
Rev-Margin DCF €7.96 €11.90 €16.32 70
Economic Profit
Residual Income €7.92 €8.33 €9.10 73
ROIC Compounder €8.37 €9.38 €10.34 69
Growth Earnings
Growth-Adj P/E €7.37 €10.52 €13.68 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 56/100

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

Profitability 45
How much profit the company makes from its sales and capital
Quality Growth 39
Are margins and returns getting better?
Cashflow 47
Do the profits arrive as real cash?
Financial strength 82
Debt, balance sheet and risk of trouble
Investment 44
Does it invest with discipline instead of growing at any price?
Low Volatility 90
How calm the share price moves, does not count
Momentum 52
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 55
Distance to the 52-week high, does not count
New shares 78
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. 34/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−0.5%
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.
−1.0%
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.
+22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.1%
Dividend (yield on the price)3.3%
Profit margin 2021 to 2025 ⓘ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.4% → 7%

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+7.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +5.2% a year for the price.

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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.Utilities - Regulated Gas · 109 stocks

Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside +21.3% · Above median
Profitability
Return on equity (12 months) 7.4% · Below median
Return on assets 5.1% · Above median
Net margin (12 months) 4.9% · Below median
Operating margin (12 months) 7.2% · Below median
Growth and dividend
Revenue growth (quarter YoY) 3.7% · Above median
Dividend yield (12 months) 3.3% · Below median
Balance sheet
Debt / equity 0.12× · Below median

Valuation Multiplesvs Utilities - Regulated Gas median · lower = cheaper

P/E (12 months) 10.7× · Cheapest 25%
P/B 0.74× · Cheaper than median
P/S (12 months) 0.48× · Cheaper than median
Price / free cash flow 20.6× · Pricier than median
EV/EBITDA 3.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)62 · sector 35
FUTURE (revenue growth)19 · sector 16
PAST (return on equity)30 · sector 34
HEALTH (low debt)94 · sector 83
DIVIDEND (yield)66 · sector 69

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 Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
ENN Energy Holdings 2688 HK$49.42 HK$108.37 +119% vs 1KS
ENN Natural Gas Co 600803 ¥19.83 ¥34.91 +76% vs 1KS
Italgas S.p.A IG €8.82 €9.70 +10% vs 1KS
Uniper SE UN0 €43.70 €45.97 +5% vs 1KS
Naturgy Energy Group NTGY €30.58 €30.62 +0% vs 1KS
UGI Corporation UGI $38.61 $29.40 −24% vs 1KS
GAIL (India) Limited GAIL ₹167.20 ₹116.94 −30% vs 1KS
The Hong Kong and China Gas Company 0003 HK$7.12 HK$4.93 −31% vs 1KS
NiSource Inc NI $43.28 $19.87 −54% vs 1KS
Atmos Energy Corporation ATO $172.21 $77.20 −55% vs 1KS

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Cite: Fair Value Calculator (2026). "Shizuoka Gas Co Fair Value". https://www.fairvalue-calculator.com/stock/1KS

Frequently asked questions

Is Shizuoka Gas Co (1KS) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €9.35 versus a price of €7.71, about +21% upside (undervalued).
What is the fair value of 1KS?
Our model-based fair value for Shizuoka Gas Co is €9.35 (as of Oct 27, 2026), built from audited fundamentals. The current price: €7.71.
What is the quality score of 1KS?
Shizuoka Gas Co has a Quality Score of 56/100. 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 Shizuoka Gas Co (1KS)?
Our model-based price target is the fair value of €9.35 (as of Oct 27, 2026) from 23 valuation models. Cautious scenario €7.37, optimistic scenario €13.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Shizuoka Gas Co stock forecast for 2026?
Our models put fair value at €9.35, about +21% upside versus a price of €7.71 (undervalued). Cautious scenario €7.37, optimistic scenario €13.03. The calculation is refreshed regularly with new filings.
What is the revenue of Shizuoka Gas Co (1KS)?
Shizuoka Gas Co reported trailing-twelve-month revenue of about ¥201B (latest available figure, as of Oct 27, 2026).
Does Shizuoka Gas Co pay a dividend?
Shizuoka Gas Co currently shows a dividend yield of 3.28% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Shizuoka Gas Co (1KS)?
For today's price to be fair in a discounted-cash-flow model, Shizuoka Gas Co would have to grow free cash flow by +7.4 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +10.9 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 1KS use?
Our models discount Shizuoka Gas Co at 9.6 %: a base by market capitalisation (small), damped by beta 0.07, 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 Shizuoka Gas Co that is +7.4 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Shizuoka Gas Co (1KS) delivered so far?
Over the past 4 years revenue at Shizuoka Gas Co grew +10.9 % a year. The price currently implies +7.4 % 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 Shizuoka Gas Co (1KS) growing?
The median revenue growth in the sector is +3.5 % a year. That is the yardstick for the growth priced into Shizuoka Gas Co (+7.4 % 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 Shizuoka Gas Co (1KS)?
The free-cash-flow yield on the price is 4.60 %: that much free cash flow Shizuoka Gas Co produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shizuoka Gas Co (1KS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shizuoka Gas Co it is €9.35 per share (as of Oct 27, 2026), against a price of €7.71. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Shizuoka Gas Co stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 1KS trades below its calculated fair value: price €7.71, fair value €9.35, a gap of about +21% (undervalued). 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 1KS?
No. The price is what the market pays today (€7.71); the fair value is what the company's own numbers justify (€9.35). For Shizuoka Gas Co the two are €1.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shizuoka Gas Co worth?
The market values Shizuoka Gas Co at about €581M (market capitalisation, as of Oct 27, 2026). Per share that is €7.71; our models calculate a fair value of €9.35 per share.
What do the bullish and bearish scenarios say about 1KS?
Our models span a range for Shizuoka Gas Co: cautious scenario €7.37, base €9.35, optimistic €13.03 per share (as of Oct 27, 2026, price €7.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1KS?
Shizuoka Gas Co trades at a price-to-earnings ratio of 10.7 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €9.35 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.5, EV/EBITDA 3.5.
How solid is the balance sheet of Shizuoka Gas Co (1KS)?
Balance-sheet figures for Shizuoka Gas Co (as of Oct 27, 2026): return on equity 7.4%, debt of 0.12 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 1KS from its 52-week high?
Shizuoka Gas Co trades at €7.71, about 8% below its 52-week high of €8.40 and 29% above the low of €5.97 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €9.35 is for.
Which stocks are comparable to Shizuoka Gas Co?
From the same area (Utilities) we also value Naturgy Energy Group, Atmos Energy Corporation, NiSource Inc, Uniper SE, 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 Shizuoka Gas Co stock attractive at the current price?
The data as of Oct 27, 2026: price €7.71, calculated fair value €9.35 (+21%), Quality Score 56/100, 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 1KS calculated?
We run Shizuoka Gas Co through 23 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 €9.35, 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 12.7 % above its aggregate fair value. Shizuoka Gas Co currently trades 18 % below its own fair value, and the market average says nothing about that. 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 Shizuoka Gas Co (1KS)?
The closing price on Oct 26, 2026 was €7.71. Our model-based fair value is €9.35, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shizuoka Gas Co right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.

Key figures of Shizuoka Gas Co

How large is the market capitalisation of Shizuoka Gas Co (1KS)?
The market capitalisation of Shizuoka Gas Co is €581M. 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 Shizuoka Gas Co (1KS)?
The price-to-sales ratio of Shizuoka Gas Co is 0.53 (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 Shizuoka Gas Co (1KS)?
Earnings per share at Shizuoka Gas Co are €0.7200 (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shizuoka Gas Co (1KS)?
The dividend yield of Shizuoka Gas Co is 3.3% (payout 35.1%). 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 Shizuoka Gas Co (1KS)?
The net margin of Shizuoka Gas Co is 5.0% (fiscal year 2025). 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 Shizuoka Gas Co (1KS)?
The return on equity (ROE) of Shizuoka Gas Co is 7.4% (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 Shizuoka Gas Co (1KS)?
On an EBIT basis the return on assets of Shizuoka Gas Co is 6.9% (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 Shizuoka Gas Co (1KS)?
The operating margin of Shizuoka Gas Co is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shizuoka Gas Co (1KS)?
Revenue at Shizuoka Gas Co is growing +3.7% versus a year earlier (3y avg −1.0%). 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 Shizuoka Gas Co (1KS)?
Earnings per share at Shizuoka Gas Co are growing −21.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shizuoka Gas Co (1KS) carry?
The net debt of Shizuoka Gas Co is ¥2.7B (fiscal year 2022, ≈ 0.6 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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