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ASICS Corporation (ASCCY) Fair Value & Analysis

Consumer Cyclical · US · Market cap $19.5B

AC ASICS Corporation logo ASICS Corporation ASCCY · US
Price$31.67
Fair Value$19.43
Upside-38.7%
Quality81/100
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Healthy Growth
Solidly profitable · 13.0% net margin
Low debt · generates free cash flow
0.66% dividend yield
Ranks above peers (8/12)
Wide moat 83/100
Evidence: High Range $12.75 – $24.06 Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 27 days ago

Share price +11.9% over the past month.

A strong business, but screening 39% overvalued on our models.

What matters now

  • A high-quality business (quality 81/100), 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 ($24.06). The favourable scenario is already priced in.
  • A fairly wide model range ($12.75 to $24.06) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$31.67 $3.44 Fair Value $19.43 Apr 2021 Aug 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 $3.44 – $31.67 · fair‑value band $12.75 – $24.06 · the $31.67 price screens above the $19.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

ASICS Corporation (ASCCY) currently trades at $31.67, while our model-based Fair Value estimate is $19.43, implying the stock looks roughly 38.7% overvalued today. The Quality Score stands at 81/100 (high quality), in the Consumer Cyclical 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, ASICS Corporation generated revenue of $873B at a net margin of 13.0%. Revenue grew 29.7% year over year. It earns a return on equity of 40.9%. Net debt stands at $31.3B. Fundamentals as of Jul 14, 2026

Our scenario range runs from $12.75 (bear case) to $24.06 (bull case); at $31.67, 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 near its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at -39%, ASCCY 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 $11.93 $20.32 $34.60 80
Residual Income $7.36 $11.69 $168.02 76
Rev-Margin DCF $8.66 $13.78 $20.45 74
All 26 models by family
DCF Models
FCF DCF $12.02 $21.20 $37.28 38
Owner Earnings $13.78 $24.40 $43.01 31
5Y Revenue Exit $8.66 $13.85 $20.79 39
5Y EBITDA Exit $13.19 $23.25 $35.93 41
5Y P/E Exit $13.85 $24.60 $36.98 38
10Y Revenue Exit $9.48 $14.81 $22.81 36
10Y EBITDA Exit $12.71 $21.72 $35.54 37
10Y P/E Exit $13.14 $22.71 $36.42 35
Earnings-Based
Graham-Dodd $6.16 $29.05 $39.95 54
Lynch FV $7.71 $11.01 $14.31 50
PEG = 1.0 $7.71 $11.01 $14.31 46
EPV $9.86 $11.35 $12.66 59
Dividend Discount
Gordon GGM $1.32 $2.75 $4.37 70
DDM Multi-Stage $1.32 $2.32 $2.89 61
Multiples
P/E Multiple $14.94 $19.92 $24.89 63
P/S Multiple $6.69 $8.92 $11.15 58
P/B Multiple $7.14 $9.51 $11.89 55
EV/EBIT $18.54 $24.42 $30.30 53
EV/EBITDA $14.80 $19.43 $24.06 54
EV/Revenue $7.14 $9.82 $12.50 43
Asset-Based
NCAV (Graham) $1.19 $1.59 $2.38 50
Growth DCF
Growth DCF $11.93 $20.32 $34.60 80
Rev-Margin DCF $8.66 $13.78 $20.45 74
Economic Profit
Residual Income $7.36 $11.69 $168.02 76
ROIC Compounder $10.56 $13.03 $15.81 72
Growth Earnings
Growth-Adj P/E $12.48 $17.83 $23.18 68

Widest divergence: DCF Models ($21.72) versus Asset-Based ($1.59). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $873B
Revenue growth (YoY) +29.7%
Net margin 13.0%
Return on equity 40.9%
Free cash flow $98.0B FY2025
P/E ratio 32.0
More key figures
Operating margin 22.5%
EPS (TTM) $0.8600
Dividend yield 0.7%
EPS growth (YoY) +48.6%
Net debt $31.3B FY2025

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

Quality Score breakdown

Overall quality 81/100

Of which business quality 77 · Market factors (momentum, volatility) 68

Profitability 91
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 91
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

ASICS Corporation manufactures and sells sporting goods in Japan and internationally. The company offers sportswear and equipment; apparel; shoes for tennis, volleyball, basketball, and soccer; and running shoes. It sells its products under the ASICS and Onitsuka Tiger brands through retail stores, as well as online.

Full company description

ASICS Corporation manufactures and sells sporting goods in Japan and internationally. The company offers sportswear and equipment; apparel; shoes for tennis, volleyball, basketball, and soccer; and running shoes. It sells its products under the ASICS and Onitsuka Tiger brands through retail stores, as well as online. The company was incorporated in 1943 and is headquartered in Kobe, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASICS Corporation reported revenue of $850B in FY2025 versus $404B in FY2021, a compound +20.4%/yr. Reported net income was $104B in FY2025, compounding +82.2%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$850B
Latest YoY
+25.3%
Avg. growth/yr (3Y)
+20.6%
Avg. growth/yr (5Y)
+20.9%
Avg. growth/yr (21Y)
+8.7%
Revenue +20.4%/yr
FY21 $404B
FY22 $485B
FY23 $570B
FY24 $679B
FY25 $850B
Net income +82.2%/yr
FY21 $9.4B
FY22 $19.9B
FY23 $35.3B
FY24 $63.8B
FY25 $104B

ASCCY screens 39% overvalued. Compare with NIKE, Inc →

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

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Footwear & Accessories · 94 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 81 · Top 25%
Fair Value upside −39% · Below median
Return on equity (TTM) 41% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 30% · Top 25%
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/E (TTM) 32.0× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
PEG 2.15× · Pricier 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 4
FUTURE 100 · sector 0
PAST 100 · sector 23
HEALTH 98 · sector 97
DIVIDEND 13 · sector 41

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 Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $44.37 $35.63 -20%
adidas AG 1ADS €165.00 €65.71 -60%
Deckers Outdoor Corporation DECK $106.49 $125.16 +18%
On Holding ONON $38.20 $17.64 -54%
Zhejiang China Commodities City Group 600415 ¥12.11 ¥13.03 +8%
Birkenstock Holding BIRK $44.36 $44.14 -0%
Crocs, Inc CROX $138.91 $203.65 +47%
Huali Industrial Group 300979 ¥31.10 ¥54.71 +76%
PUMA SE PUM €29.31 €10.57 -64%
Steven Madden, Ltd SHOO $43.26 $11.69 -73%

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Frequently asked questions

Is ASICS Corporation (ASCCY) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $19.43 versus a price of $31.67, about −39% (overvalued).
What is the fair value of ASCCY?
Our model-based fair value for ASICS Corporation is $19.43 (as of Jul 14, 2026), built from audited fundamentals. The current price is $31.67.
What is the quality score of ASCCY?
ASICS Corporation has a Quality Score of 81/100. 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 ASICS Corporation (ASCCY)?
ASICS Corporation reported trailing-twelve-month revenue of about $873B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of ASCCY?
The net profit margin of ASICS Corporation is about 13.0%, meaning it keeps roughly 13.0% of revenue as net income. Based on the latest reported figures.
Does ASICS Corporation pay a dividend?
ASICS Corporation currently shows a dividend yield of about 0.66% 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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