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Data-driven stock valuation

KYB Corporation (60V) fair value: what the stock is really worth

As of Oct 26, 2026: fair value (intrinsic value) of KYB Corporation stock €10.21, price €8.79, upside +16.1%, quality 60 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

Consumer Cyclical · DE · Home Japan · ISIN JP3220200004

KC KYB Corporation logo Broad data Oct 21, 2026

KYB Corporation

60V · F

UndervaluedThe stock appears undervalued with acceptable quality.

The stock costs 14% less than our calculation considers fair.

Fair value €10.21 · Undervalued (14%)
Quality 60/100
Low debt
Ranks above peers (12/13)
Broad data
Expensive Growth (revenue 3y +3.7 %/yr in JPY)
Thin margins · 5.1% net margin (TTM)
3.4% dividend yield · Watch coverage
Negative free cash flow
Narrow moat 43/100 · thin data
⟳ CyclicalPrice via web search⚠ Thinly traded
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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

€9.14 €2.67 Fair Value €10.21 Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 21, 2026.

How to read this chart

60‑month range €2.67 – €9.14 · fair‑value band €8.91 – €11.29 · the €8.79 price screens below the €10.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 21, 2026.

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Company profile

KYB Corporation manufactures and sells automotive, hydraulic, and aircraft components worldwide. The company operates through Automotive Components Business, Hydrochemical Components Business, Aerospace Equipment Business, and Special-Purpose Vehicles Business segments.

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It offers shock absorbers, suspension systems, vane pumps, power supplies, tearing springs, front forks, oil cushion units, stay dampers, free locks, oil dampers for railway vehicles, wire springs, and thin sheet metal parts.

The company also offers cylinders, valves, pumps, motors, collision buffers, stage mechanisms, naval aircraft equipment, vibration isolation devices, simulators, hydraulic systems, tunnel excavators, and environmental equipment vessel.

In addition, it provides aircraft take-off and landing gear, steering gear, control devices, and emergency devices. Further, the company offers concrete mixer trucks, powder transport vehicles, special function vehicles, etc.

Additionally, it offers stay dampers, shock absorbers for all terrain vehicles, free locks, dampers and brakes for railroad cars, semi-active suspension systems for railroad cars, and seals.

The company products are used in automotive, motorcycles, sports and welfare, construction machinery, industrial vehicle, agricultural machinery, industrial machinery, marine products, theater equipment, railroad equipment, and special purpose vehicles.

The company was formerly known as Kayaba Industry Co., Ltd. and changed its name to KYB Corporation in October 2015. KYB Corporation was founded in 1919 and is headquartered in Minato, Japan.

Stock analysis

KYB Corporation (60V) currently trades at €8.79, while our model-based Fair Value estimate is €10.21, implying the stock looks roughly 13.9% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of €24.68 per share, and 11 of the 16 models we run sit above the €8.79 price.

Bear case: the Asset-Based group reads lowest at €1.52, and 5 of the 16 models stay below the price. Data coverage for this calculation is high.

Scenario range: €8.91 (bear) to €11.29 (bull), the price of €8.79 sits below 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 60/100 (solid quality), in the Consumer Cyclical sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

KYB Corporation reported revenue of ¥482B in FY2026 versus ¥388B in FY2022, a compound +5.5%/yr. Reported net income was ¥29.0B in FY2026, compounding +6.5%/yr from FY2022.

Key figures

Market cap €1.1B Small · P/E ratio 7.5 · P/S ratio 0.45 · EPS (TTM) €1.18 · Dividend yield 3.4% · Net margin 6.0% · Return on equity 11.3% · Return on assets (EBIT) 5.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).

What moves the price

The share trades about 2% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 16%, 60V screens cheaper than that median.

Fair Value models

Bear €8.91 Fair Value €10.21 Bull €11.29
Price €8.79 · Upside +16.1%
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 (€0.5091 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
Owner Earnings €0.9700 €1.53 €2.25 73
Residual Income €10.25 €11.37 €13.84 73
EPV €9.00 €10.31 €11.40 71
All 16 models by family
DCF Models
Owner Earnings €0.9700 €1.53 €2.25 73
Earnings-Based
Graham-Dodd €9.29 €23.05 €29.88 62
PEG = 1.0 €4.19 €5.98 €7.78 55
EPV €9.00 €10.31 €11.40 71
Dividend Discount
Gordon GGM €2.59 €4.29 €6.08 65
DDM Multi-Stage €2.59 €3.69 €4.73 64
Multiples
P/E Multiple €22.54 €30.05 €37.57 63
P/S Multiple €17.42 €23.22 €29.03 58
P/B Multiple €34.70 €46.26 €57.83 55
EV/EBIT €17.41 €24.22 €31.03 66
EV/EBITDA €18.83 €26.11 €33.39 67
EV/Revenue €10.76 €16.66 €22.56 53
Asset-Based
NCAV (Graham) €1.00 €1.52 €1.90 54
Economic Profit
Residual Income €10.25 €11.37 €13.84 73
ROIC Compounder €9.00 €10.31 €11.40 69
Growth Earnings
Growth-Adj P/E €17.27 €24.68 €32.08 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 60/100

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

Profitability 47
How much profit the company makes from its sales and capital
Quality Growth 65
Are margins and returns getting better?
Cashflow 13
Do the profits arrive as real cash?
Financial strength 65
Debt, balance sheet and risk of trouble
Investment 71
Does it invest with discipline instead of growing at any price?
Low Volatility 74
How calm the share price moves, does not count
Momentum 60
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 73
Distance to the 52-week high, does not count
New shares 100
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
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.9%
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.
+3.7%
What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+6.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)3.4%
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.8% → 7%
2026 sits 113% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

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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.Auto Parts · 663 stocks

Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 60 · Above median
Fair Value upside +16.1% · Above median
Profitability
Return on equity (12 months) 11.3% · Above median
Return on assets 5.9% · Above median
Net margin (12 months) 5.1% · Above median
Operating margin (12 months) 7.9% · Above median
Growth and dividend
Revenue growth (quarter YoY) 10.7% · Above median
Dividend yield (12 months) 3.4% · Above median
Balance sheet
Debt / equity 0.25× · Above median

Valuation Multiplesvs Auto Parts median · lower = cheaper

P/E (12 months) 7.5× · Cheapest 25%
P/B 0.79× · Cheaper than median
P/S (12 months) 0.40× · Cheapest 25%
EV/EBITDA 4.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)55 · sector 32
FUTURE (revenue growth)54 · sector 31
PAST (return on equity)45 · sector 30
HEALTH (low debt)87 · sector 95
DIVIDEND (yield)67 · sector 39

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

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Magna International Inc MGA $63.97 $79.23 +24% vs 60V
AutoZone, Inc AZO $3,201 $2,468 −23% vs 60V
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Knorr-Bremse AG KBX €95.80 €72.88 −24% vs 60V
Samvardhana Motherson International Limited MOTHERSON ₹157.27 ₹96.06 −39% vs 60V
Bosch Limited BOSCHLTD ₹44,500 ₹24,899 −44% vs 60V
O'Reilly Automotive, Inc ORLY $89.92 $48.66 −46% vs 60V
Genuine Parts Company GPC $127.97 $57.98 −55% vs 60V

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KYB Corporation · Fair Value
€10.21 +14%Fair Value
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Cite: Fair Value Calculator (2026). "KYB Corporation Fair Value". https://www.fairvalue-calculator.com/stock/60V

Frequently asked questions

Is KYB Corporation (60V) overvalued or undervalued?
As of Oct 21, 2026, our model estimates a fair value of €10.21 versus a price of €8.79, about +16% upside (undervalued).
What is the fair value of 60V?
Our model-based fair value for KYB Corporation is €10.21 (as of Oct 21, 2026), built from audited fundamentals. The current price: €8.79.
What is the quality score of 60V?
KYB Corporation has a Quality Score of 60/100. 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 KYB Corporation (60V)?
Our model-based price target is the fair value of €10.21 (as of Oct 21, 2026) from 16 valuation models. Cautious scenario €8.91, optimistic scenario €11.29. It is a calculation from audited fundamentals, not an analyst target.
What is the KYB Corporation stock forecast for 2026?
Our models put fair value at €10.21, about +16% upside versus a price of €8.79 (undervalued). Cautious scenario €8.91, optimistic scenario €11.29. The calculation is refreshed regularly with new filings.
What is the revenue of KYB Corporation (60V)?
KYB Corporation reported trailing-twelve-month revenue of about ¥494B (latest available figure, as of Oct 21, 2026).
Does KYB Corporation pay a dividend?
KYB Corporation currently shows a dividend yield of 3.36% relative to its recent price (as of Oct 21, 2026).
What is the intrinsic value of KYB Corporation (60V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KYB Corporation it is €10.21 per share (as of Oct 21, 2026), against a price of €8.79. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is KYB Corporation stock overvalued or undervalued in 2026?
As of Oct 21, 2026, 60V trades below its calculated fair value: price €8.79, fair value €10.21, a gap of about +16% (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 60V?
No. The price is what the market pays today (€8.79); the fair value is what the company's own numbers justify (€10.21). For KYB Corporation the two are €1.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is KYB Corporation worth?
The market values KYB Corporation at about €1.1B (market capitalisation, as of Oct 21, 2026). Per share that is €8.79; our models calculate a fair value of €10.21 per share.
What do the bullish and bearish scenarios say about 60V?
Our models span a range for KYB Corporation: cautious scenario €8.91, base €10.21, optimistic €11.29 per share (as of Oct 21, 2026, price €8.79). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 60V?
KYB Corporation trades at a price-to-earnings ratio of 7.5 (as of Oct 21, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €10.21 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.4, EV/EBITDA 4.5.
How solid is the balance sheet of KYB Corporation (60V)?
Balance-sheet figures for KYB Corporation (as of Oct 21, 2026): return on equity 11.3%, debt of 0.25 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 60V from its 52-week high?
KYB Corporation trades at €8.79, about 2% below its 52-week high of €8.99 and 36% above the low of €6.45 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €10.21 is for.
Which stocks are comparable to KYB Corporation?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 KYB Corporation stock attractive at the current price?
The data as of Oct 21, 2026: price €8.79, calculated fair value €10.21 (+16%), Quality Score 60/100, from 16 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 60V calculated?
We run KYB Corporation through 16 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 €10.21, 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. KYB Corporation currently trades 14 % 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 KYB Corporation (60V)?
The closing price on Oct 26, 2026 was €8.79. Our model-based fair value is €10.21, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KYB Corporation right now?
The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. The data supports the verdict: every model runs on fully documented inputs.

Key figures of KYB Corporation

How large is the market capitalisation of KYB Corporation (60V)?
The market capitalisation of KYB Corporation is €1.1B. 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 KYB Corporation (60V)?
The price-to-sales ratio of KYB Corporation is 0.45 (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 KYB Corporation (60V)?
Earnings per share at KYB Corporation are €1.18 (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KYB Corporation (60V)?
The dividend yield of KYB Corporation is 3.4% (payout 25.0%). 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 KYB Corporation (60V)?
The net margin of KYB Corporation is 6.0% (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 KYB Corporation (60V)?
The return on equity (ROE) of KYB Corporation is 11.3% (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 KYB Corporation (60V)?
On an EBIT basis the return on assets of KYB Corporation is 5.8% (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 KYB Corporation (60V)?
The operating margin of KYB Corporation is 7.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KYB Corporation (60V)?
Revenue at KYB Corporation is growing +10.7% versus a year earlier (3y avg +3.7%). 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 KYB Corporation (60V)?
Earnings per share at KYB Corporation are growing −23.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does KYB Corporation (60V) generate?
The free cash flow of KYB Corporation is −¥2.8B (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 KYB Corporation (60V) carry?
The net debt of KYB Corporation is ¥63.8B (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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