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Anritsu Corporation (AITUF) Fair Value & Analysis

Technology · US · Market cap $3.0B

AC Anritsu Corporation logo Anritsu Corporation AITUF · US
Price$23.25
Fair Value$8.97
Upside-61.4%
Quality76/100
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Weak Growth
Thin margins · 9.9% net margin
Low debt · generates free cash flow
1.35% dividend yield
Ranks above peers (9/11)
Moderate moat 55/100
Evidence: High Range $6.73 – $11.21 Share as image

Fair value as of: Jul 14, 2026

From 22 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from $9.92 to $8.97 (−9.6%) since Jun 24, 2026. Share price −16.1% over the past month.

A strong business, but screening 61% overvalued on our models.

What matters now

  • A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($11.21). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

$27.71 $5.96 Fair Value $8.97 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $5.96 – $27.71 · fair‑value band $6.73 – $11.21 · the $23.25 price screens above the $8.97 fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Anritsu Corporation (AITUF) currently trades at $23.25, while our model-based Fair Value estimate is $8.97, implying the stock looks roughly 61.4% overvalued today. The Quality Score stands at 76/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Anritsu Corporation generated revenue of $117B at a net margin of 9.9%. Revenue grew 13.2% year over year. It earns a return on equity of 9.1%. The stock trades on a trailing P/E of 41.0. Fundamentals as of Jul 14, 2026

Our scenario range runs from $6.73 (bear case) to $11.21 (bull case); at $23.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 213% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -61%, AITUF screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $10.78 $13.60 $17.67 80
Rev-Margin DCF $8.51 $11.10 $14.06 74
ROIC Compounder $5.72 $6.32 $6.98 72
All 22 models by family
DCF Models
FCF DCF $10.52 $13.48 $18.01 38
Owner Earnings $7.62 $9.54 $12.47 31
5Y Revenue Exit $8.51 $10.95 $14.13 39
5Y EBITDA Exit $9.95 $13.44 $17.58 41
5Y P/E Exit $9.04 $11.87 $14.88 38
10Y Revenue Exit $9.09 $11.34 $13.92 36
10Y EBITDA Exit $10.10 $12.95 $16.25 37
10Y P/E Exit $9.55 $11.94 $14.42 35
Earnings-Based
Graham-Dodd $3.05 $5.89 $7.35 54
EPV $5.72 $6.27 $6.74 59
Multiples
P/E Multiple $6.73 $8.97 $11.21 63
P/S Multiple $5.72 $7.62 $9.53 58
P/B Multiple $5.72 $7.62 $9.53 55
EV/EBIT $10.21 $12.86 $15.50 53
EV/EBITDA $10.71 $13.51 $16.32 54
EV/Revenue $7.63 $9.92 $12.21 43
Asset-Based
NCAV (Graham) $3.01 $4.03 $6.02 50
Growth DCF
Growth DCF $10.78 $13.60 $17.67 80
Rev-Margin DCF $8.51 $11.10 $14.06 74
Economic Profit
Residual Income $4.86 $5.13 $5.52 61
ROIC Compounder $5.72 $6.32 $6.98 72
Growth Earnings
Growth-Adj P/E $4.84 $6.92 $8.99 68

Widest divergence: DCF Models ($11.87) versus Asset-Based ($4.03). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $117B
Revenue growth (YoY) +13.2%
Net margin 9.9%
Return on equity 9.1%
Free cash flow $17.3B FY2025
P/E ratio 41.0
More key figures
Operating margin 17.6%
EPS (TTM) $0.5700
Dividend yield 1.4%
EPS growth (YoY) +25.4%

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 76/100

Of which business quality 75 · Market factors (momentum, volatility) 82

Profitability 47
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 99
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Anritsu Corporation develops, manufactures, and sells electronic measurement instruments in Japan and internationally. It operates through Communications measurement, Products Quality Assurance, and Environmental Measurement segments.

Full company description

Anritsu Corporation develops, manufactures, and sells electronic measurement instruments in Japan and internationally. It operates through Communications measurement, Products Quality Assurance, and Environmental Measurement segments. The company's test and measurement products include bit error rate tester and sampling oscilloscope; mobile/wireless communications measuring instruments, such as Bluetooth and WLAN testers, cable and antenna analyzers, channel emulators/fading simulators, conformance test systems, handset one box testers, land mobile radio products, passive intermodulation analyzers, shield boxes/chambers, open RAN testers, and signaling testers; optical measuring instruments comprising OTDRs, optical loss test set/light source/optical power meter products, optical spectrum analyzers, video inspection probes, and accessories; RF microwave measuring instruments, such as power meters and sensors; signal generators; and signal/spectrum analyzers, vector network analyzers, and transport and ethernet testing products. It also provides solution for 6g, 5g/5g-advanced, internet of things, automotive, wireless connectivity, data center, photonic/transport networks, high-speed digital systems, installation and maintenance, optical/photonic device, and general-purpose instruments. The company was founded in 1900 and is headquartered in Kanagawa, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anritsu Corporation reported revenue of $113B in FY2025 versus $106B in FY2021, a compound +1.6%/yr. Reported net income was $9.3B in FY2025, compounding −12.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$113B
Latest YoY
+2.8%
Avg. growth/yr (3Y)
+2.3%
Avg. growth/yr (5Y)
+1.1%
Avg. growth/yr (7Y)
+4.0%
Revenue +1.6%/yr
FY21 $106B
FY22 $105B
FY23 $111B
FY24 $110B
FY25 $113B
Net income −12.9%/yr
FY21 $16.1B
FY22 $12.8B
FY23 $9.3B
FY24 $7.7B
FY25 $9.3B

AITUF screens 61% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Anritsu Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AITUF

Peer Group

Scientific & Technical Instruments · 161 stocks

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.

Quality Score 76 · Top 25%
Fair Value upside −61% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 6% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 18% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 1.4% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 41.0× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 66 · sector 34
PAST 36 · sector 25
HEALTH 99 · sector 98
DIVIDEND 27 · sector 24

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Anritsu Corporation (AITUF) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $8.97 versus a price of $23.25, about −61% (overvalued).
What is the fair value of AITUF?
Our model-based fair value for Anritsu Corporation is $8.97 (as of Jul 14, 2026), built from audited fundamentals. The current price is $23.25.
What is the quality score of AITUF?
Anritsu Corporation has a Quality Score of 76/100. 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 revenue of Anritsu Corporation (AITUF)?
Anritsu Corporation reported trailing-twelve-month revenue of about $117B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of AITUF?
The net profit margin of Anritsu Corporation is about 9.9%, meaning it keeps roughly 9.9% of revenue as net income. Based on the latest reported figures.
Does Anritsu Corporation pay a dividend?
Anritsu Corporation currently shows a dividend yield of about 1.35% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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