Japan Aviation Electronics Industry, Limited (8N9) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Japan Aviation Electronics Industry, Limited stock €16.35, price €14.42, upside +13.4%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
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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 Oct 27, 2026.
How to read this chart
60‑month range €10.66 – €18.98 · fair‑value band €15.60 – €17.04 · the €14.42 price screens below the €16.35 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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Japan Aviation Electronics Industry, Limited provides connectors, user interface solutions, and aerospace electronics in Japan.
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The company offers input/output, board-to-board, board-to-FPC/FFC, board-to-cable, circular, rectangular, fiber optic, coaxial, cable-to-cable, memory card, memory module, high current connector, charging and discharging plug, and tool connectors.
It also provides user interface solutions, such as capacitive touch panels and overlays, panel switches, teaching pendants, medical device panels, and touch panel monitors.
In addition, the company offers motion sensing and control solutions, such as accelerometers, inertial measurement units, magnetometers, directional modules, and smart decoder for the aerospace, automobile/mobility, railway, construction agricultural equipment, semiconductor, energy, ocean, civil engineering, and camera stabilization applications, as well as provides antenna solutions.
The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
Stock analysis
Japan Aviation Electronics Industry, Limited (8N9) currently trades at €14.42, while our model-based Fair Value estimate is €16.35, implying the stock looks roughly 11.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €16.67 per share, and 4 of the 14 models we run sit above the €14.42 price.
Bear case: the Dividend Discount group reads lowest at €2.98, and 10 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €15.60 (bear) to €17.04 (bull), the price of €14.42 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 56/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Japan Aviation Electronics Industry, Limited reported revenue of ¥228B in FY2026 versus ¥225B in FY2022, a compound +0.3%/yr. Reported net income was ¥7.1B in FY2026, compounding −16.2%/yr from FY2022.
Key figures
Market cap €972M Small · P/E ratio 24.4 · P/S ratio 0.76 · EPS (TTM) €0.5900 · Dividend yield 2.4% · Net margin 3.1% · Return on equity 4.7% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −44% fair-value upside, at 13%, 8N9 screens cheaper than that median.
Fair Value models
Bear€15.60Fair Value €16.35Bull€17.04
Price €14.42 · Upside +13.4%
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 (€0.1434 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
Residual Income€9.03€9.16€9.5573
EPV€6.45€7.16€7.7571
ROIC Compounder€6.45€7.16€7.7569
All 14 models by family
Earnings-Based
Graham-Dodd€4.05€4.95€5.5765
EPV€6.45€7.16€7.7571
Dividend Discount
Gordon GGM€2.75€2.98€3.3167
DDM Multi-Stage€2.75€3.31€4.0565
Multiples
P/E Multiple€12.50€16.67€20.8463
P/S Multiple€7.59€10.12€12.6558
P/B Multiple€54.71€72.94€91.1855
EV/EBIT€15.04€19.56€24.0766
EV/EBITDA€34.09€44.95€55.8267
EV/Revenue€8.34€11.28€14.2154
Asset-Based
NCAV (Graham)€2.38€3.61€4.5154
Economic Profit
Residual Income€9.03€9.16€9.5573
ROIC Compounder€6.45€7.16€7.7569
Growth Earnings
Growth-Adj P/E€8.74€12.49€16.2465
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.22/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+2.8%
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.
−1.1%
’22
’23
’24
’25
’26
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.
−5.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.8%
Dividend (yield on the price)2.4%
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% → 4%
Compare Japan Aviation Electronics Industry, Limited with another stock
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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.Electronic Components · 647 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+13.4% · Top 25%
Profitability
Return on equity (12 months)4.7% · Below median
Return on assets3.1% · Below median
Net margin (12 months)2.8% · Below median
Operating margin (12 months)0.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)12.9% · Above median
Dividend yield (12 months)2.4% · Above median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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.
Is Japan Aviation Electronics Industry, Limited (8N9) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €16.35 versus a price of €14.42, about +13% upside (undervalued).
What is the fair value of 8N9?
Our model-based fair value for Japan Aviation Electronics Industry, Limited is €16.35 (as of Oct 27, 2026), built from audited fundamentals. The current price: €14.42.
What is the quality score of 8N9?
Japan Aviation Electronics Industry, Limited 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 Japan Aviation Electronics Industry, Limited (8N9)?
Our model-based price target is the fair value of €16.35 (as of Oct 27, 2026) from 14 valuation models. Cautious scenario €15.60, optimistic scenario €17.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Japan Aviation Electronics Industry, Limited stock forecast for 2026?
Our models put fair value at €16.35, about +13% upside versus a price of €14.42 (undervalued). Cautious scenario €15.60, optimistic scenario €17.04. The calculation is refreshed regularly with new filings.
What is the revenue of Japan Aviation Electronics Industry, Limited (8N9)?
Japan Aviation Electronics Industry, Limited reported trailing-twelve-month revenue of about ¥235B (latest available figure, as of Oct 27, 2026).
Does Japan Aviation Electronics Industry, Limited pay a dividend?
Japan Aviation Electronics Industry, Limited currently shows a dividend yield of 2.36% relative to its recent price (as of Oct 27, 2026).
What is the intrinsic value of Japan Aviation Electronics Industry, Limited (8N9)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Japan Aviation Electronics Industry, Limited it is €16.35 per share (as of Oct 27, 2026), against a price of €14.42. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Japan Aviation Electronics Industry, Limited stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 8N9 trades below its calculated fair value: price €14.42, fair value €16.35, a gap of about +13% (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 8N9?
No. The price is what the market pays today (€14.42); the fair value is what the company's own numbers justify (€16.35). For Japan Aviation Electronics Industry, Limited the two are €1.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Japan Aviation Electronics Industry, Limited worth?
The market values Japan Aviation Electronics Industry, Limited at about €972M (market capitalisation, as of Oct 27, 2026). Per share that is €14.42; our models calculate a fair value of €16.35 per share.
What do the bullish and bearish scenarios say about 8N9?
Our models span a range for Japan Aviation Electronics Industry, Limited: cautious scenario €15.60, base €16.35, optimistic €17.04 per share (as of Oct 27, 2026, price €14.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8N9?
Japan Aviation Electronics Industry, Limited trades at a price-to-earnings ratio of 24.4 (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 €16.35 is built from several models across several years. Other multiples: P/B 1.2, P/S 0.7, EV/EBITDA 5.7.
How solid is the balance sheet of Japan Aviation Electronics Industry, Limited (8N9)?
Balance-sheet figures for Japan Aviation Electronics Industry, Limited (as of Oct 27, 2026): return on equity 4.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 8N9 from its 52-week high?
Japan Aviation Electronics Industry, Limited trades at €14.42, about 12% below its 52-week high of €16.40 and 23% above the low of €11.72 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €16.35 is for.
Which stocks are comparable to Japan Aviation Electronics Industry, Limited?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Samsung Electro-Mechanics Co, 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 Japan Aviation Electronics Industry, Limited stock attractive at the current price?
The data as of Oct 27, 2026: price €14.42, calculated fair value €16.35 (+13%), Quality Score 56/100, from 14 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 8N9 calculated?
We run Japan Aviation Electronics Industry, Limited through 14 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 €16.35, 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. Japan Aviation Electronics Industry, Limited currently trades 12 % 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 Japan Aviation Electronics Industry, Limited (8N9)?
The closing price on Oct 26, 2026 was €14.42. Our model-based fair value is €16.35, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Japan Aviation Electronics Industry, Limited right now?
The price is below even our cautious bear case (€15.60). The market is more pessimistic than our downside scenario. The models converge in a tight band (€15.60 to €17.04), unusually little disagreement for a valuation.
Key figures of Japan Aviation Electronics Industry, Limited
How large is the market capitalisation of Japan Aviation Electronics Industry, Limited (8N9)?
The market capitalisation of Japan Aviation Electronics Industry, Limited is €972M. 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 Japan Aviation Electronics Industry, Limited (8N9)?
The price-to-sales ratio of Japan Aviation Electronics Industry, Limited is 0.76 (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 Japan Aviation Electronics Industry, Limited (8N9)?
Earnings per share at Japan Aviation Electronics Industry, Limited are €0.5900 (price ÷ EPS = P/E 24.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Japan Aviation Electronics Industry, Limited (8N9)?
The dividend yield of Japan Aviation Electronics Industry, Limited is 2.4% (payout 57.7%). 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 Japan Aviation Electronics Industry, Limited (8N9)?
The net margin of Japan Aviation Electronics Industry, Limited is 3.1% (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 Japan Aviation Electronics Industry, Limited (8N9)?
The return on equity (ROE) of Japan Aviation Electronics Industry, Limited is 4.7% (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 Japan Aviation Electronics Industry, Limited (8N9)?
On an EBIT basis the return on assets of Japan Aviation Electronics Industry, Limited is 6.6% (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 Japan Aviation Electronics Industry, Limited (8N9)?
The operating margin of Japan Aviation Electronics Industry, Limited is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Japan Aviation Electronics Industry, Limited (8N9)?
Revenue at Japan Aviation Electronics Industry, Limited is growing +12.9% versus a year earlier (3y avg −1.1%). 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 Japan Aviation Electronics Industry, Limited (8N9)?
Earnings per share at Japan Aviation Electronics Industry, Limited are growing −61.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Japan Aviation Electronics Industry, Limited (8N9) generate?
The free cash flow of Japan Aviation Electronics Industry, Limited is −¥6.8B (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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Some data
Oct 27, 2026