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Dexerials Corporation (DEXCF) fair value: what the stock is really worth

As of Sep 18, 2026: fair value of Dexerials Corporation $22.02, price $22.20, upside -0.8%, quality 79 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Technology · US

DC Dexerials Corporation logo Some data Sep 24, 2026

Dexerials Corporation

DEXCF · US

Quality WatchlistA strong company, but the current price is close to Fair Value.

·Fair value $22.02 · Fairly valued (−1%)
✓Quality 79/100
✓Healthy Growth (revenue YoY +4.9 %/yr)
✓Highly profitable · 24.6% net margin (TTM)
✓Low debt · generates free cash flow
✓Ranks above peers (10/13)
✓Wide moat 95/100
!Evidence only medium, so the estimate is less certain
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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

$29.57 $13.77 Fair Value $22.02 Apr 2026 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.

How to read this chart

5‑month range $13.77 – $29.57 · fair‑value band $14.42 – $30.52 · the $22.20 price screens above the $22.02 fair value. As of Sep 24, 2026.

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Company profile

Dexerials Corporation manufactures and sells electronic components, bonding materials, optics materials, and other products in Japan. It operates through two segments: Optical Materials and Component and Electronic Materials and Components.

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Dexerials Corporation manufactures and sells electronic components, bonding materials, optics materials, and other products in Japan. It operates through two segments: Optical Materials and Component and Electronic Materials and Components. The company offers anisotropic conductive films, optical elastic resins, optical films, architectural window films, double and single coated tapes, industrial adhesive tapes, opto semiconductor elements, optical and opto sensors and Optical communication-use devices, thermal conductive sheets, inorganic waveplates and polarizers, inorganic diffusers, anti-reflection films, and sputtering targets, as well as UV curable resins for optical disks. It also provides DxShield, a film for medical eye shield; and leak repair products through Infra-Aid brand. In addition, the company offers surface mounted type fuses and water treatment agents for inorganic effluent; and solar cell conductive films for photovoltaic modules. Its products are used in various applications, such as television, note and tablet PC, smartphones, automobiles, optical communication, factory automation, currency validation, medical and healthcare, and analyzers and measuring equipment. The company was formerly known as Sony Chemical & Information Device Corporation and changed its name to Dexerials Corporation in September 2012. Dexerials Corporation was founded in 1962 and is headquartered in Tochigi, Japan.

Stock analysis

Dexerials Corporation (DEXCF) currently trades at $22.20, while our model-based Fair Value estimate is $22.02, implying the stock looks roughly 0.8% fairly valued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $23.85 per share, and 7 of the 23 models we run sit above the $22.20 price.

Bear case: the Asset-Based group reads lowest at $2.50, and 16 of the 23 models stay below the price. Evidence for this calculation is medium.

Scenario range: $14.42 (bear) to $30.52 (bull), the price of $22.20 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 79/100 (high quality), in the Technology sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Dexerials Corporation reported revenue of ¥110B in FY2025 versus ¥106B in FY2023, a compound +2.0%/yr. Reported net income was ¥27.7B in FY2025, compounding +15.8%/yr from FY2023.

Key figures

Market cap $4.1B · P/E ratio 22.2 · P/S ratio 5.58 · EPS (TTM) $1.00 · Net margin 25.1% · Return on equity 27.3% · Return on assets (EBIT) 24.8% · Operating margin 28.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at −1%, DEXCF screens cheaper than that median.

Fair Value models

Bear $14.42 Fair Value $22.02 Bull $30.52
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($1.00 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF $10.85 $14.88 $20.33 74
Growth DCF $11.12 $14.86 $19.71 72
EPV $11.99 $13.74 $15.25 71
All 23 models by family
DCF Models
FCF DCF $10.85 $14.88 $20.33 74
Owner Earnings $8.50 $11.58 $15.75 70
5Y Revenue Exit $12.84 $19.43 $27.55 66
5Y EBITDA Exit $17.89 $28.37 $40.07 68
5Y P/E Exit $16.96 $26.71 $36.40 64
10Y Revenue Exit $11.59 $17.22 $24.18 61
10Y EBITDA Exit $15.05 $23.11 $33.05 62
10Y P/E Exit $14.48 $22.02 $30.45 58
Earnings-Based
Graham-Dodd $7.34 $16.60 $21.26 59
PEG = 1.0 $2.73 $3.91 $5.08 52
EPV $11.99 $13.74 $15.25 71
Multiples
P/E Multiple $22.65 $30.21 $37.76 63
P/S Multiple $13.75 $18.34 $22.92 58
P/B Multiple $13.75 $18.34 $22.92 55
EV/EBIT $28.71 $37.98 $47.25 66
EV/EBITDA $25.27 $33.40 $41.52 67
EV/Revenue $14.95 $20.98 $27.01 54
Asset-Based
NCAV (Graham) $1.87 $2.50 $3.73 54
Growth DCF
Growth DCF $11.12 $14.86 $19.71 72
Rev-Margin DCF $12.84 $19.52 $26.58 66
Economic Profit
Residual Income $7.00 $9.64 $60.83 51
ROIC Compounder $12.30 $14.48 $16.63 66
Growth Earnings
Growth-Adj P/E $16.69 $23.85 $31.00 61

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Quality Score breakdown

Overall quality 79/100

Of which business quality 76 · Market factors (momentum, volatility) 55

Profitability 84
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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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. 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed

Growth Forecast

Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
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).
+10.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +8.3% a year for the price and +5.8% for the forecasts.
Forecast 2026 (sales)+5.8%
Forecast 2027 (sales)+5.8%
Forecast 2028 (sales)+10.8%
Projected 2029 (sales)+9.5%
Projected 2030 (sales)+8.3%

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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 · 660 stocks

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 79 · Top 25%
Fair Value upside −1% · Above median
Profitability
Return on equity (TTM) 27% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 29% · Top 25%
Growth and dividend
Revenue growth 14% · Above median
Balance sheet
Debt / equity 0.13× · Above median

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/E (TTM) 22.2× · Cheaper than median
P/B 6.78× · Priciest 25%
P/S (TTM) 5.71× · Priciest 25%
P/FCF 0.2× · Cheapest 25%
EV/EBITDA 13.7× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)32 · sector 0
FUTURE (revenue growth)71 · sector 39
PAST (return on equity)100 · sector 26
HEALTH (low debt)94 · sector 96
DIVIDEND (yield)0 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $82.84 $91.12 +10%
Delta Electronics, Inc 2308 1,900 TWD 519.57 TWD −73%
Corning Incorporated GLW $159.69 $34.01 −79%
Luxshare Precision Industry Co 002475 ¥54.84 ¥19.37 −65%
Samsung Electro-Mechanics Co 009150 1,507,000 KRW 178,632 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥198.12 ¥21.19 −89%
TE Connectivity plc TEL $213.48 $140.75 −34%
Shengyi Technology Co 600183 ¥143.45 ¥66.42 −54%
Flex Ltd FLEX $114.45 $51.46 −55%
Celestica Inc CLS $356.09 $116.21 −67%

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Dexerials Corporation · Fair Value
$22.02 −1%Fair Value
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Cite: Fair Value Calculator (2026). "Dexerials Corporation Fair Value". https://www.fairvalue-calculator.com/stock/DEXCF

Frequently asked questions

Is Dexerials Corporation (DEXCF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $22.02 versus a price of $22.20, about −1% upside (fairly valued).
What is the fair value of DEXCF?
Our model-based fair value for Dexerials Corporation is $22.02 (as of Sep 24, 2026), built from audited fundamentals. The current price: $22.20.
What is the quality score of DEXCF?
Dexerials Corporation has a Quality Score of 79/100. 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 Dexerials Corporation (DEXCF)?
Our model-based price target is the fair value of $22.02 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario $14.42, optimistic scenario $30.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Dexerials Corporation stock forecast for 2026?
Our models put fair value at $22.02, about −1% upside versus a price of $22.20 (fairly valued). Cautious scenario $14.42, optimistic scenario $30.52. The calculation is refreshed regularly with new filings.
What is the revenue of Dexerials Corporation (DEXCF)?
Dexerials Corporation reported trailing-twelve-month revenue of about ¥114B (latest available figure, as of Sep 24, 2026).
What growth is priced into Dexerials Corporation (DEXCF)?
For today's price to be fair in a discounted-cash-flow model, Dexerials Corporation would have to grow free cash flow by +10.6 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +2.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of DEXCF use?
Our models discount Dexerials Corporation at 9.0 %: a base by market capitalisation (mid), damped by beta 0.72, country premium for USA. 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 Dexerials Corporation that is +10.6 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Dexerials Corporation (DEXCF) delivered so far?
Over the past 2 years revenue at Dexerials Corporation grew +2.0 % a year. The price currently implies +10.6 % 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 Dexerials Corporation (DEXCF) growing?
The median revenue growth in the sector is +4.5 % a year. That is the yardstick for the growth priced into Dexerials Corporation (+10.6 % 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 Dexerials Corporation (DEXCF)?
The free-cash-flow yield on the price is 4.18 %: that much free cash flow Dexerials Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dexerials Corporation (DEXCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dexerials Corporation it is $22.02 per share (as of Sep 24, 2026), against a price of $22.20. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Dexerials Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DEXCF trades above its calculated fair value: price $22.20, fair value $22.02, a gap of about −1% (fairly valued). 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 DEXCF?
No. The price is what the market pays today ($22.20); the fair value is what the company's own numbers justify ($22.02). For Dexerials Corporation the two are $0.1800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dexerials Corporation worth?
The market values Dexerials Corporation at about $4.1B (market capitalisation, as of Sep 24, 2026). Per share that is $22.20; our models calculate a fair value of $22.02 per share.
What do the bullish and bearish scenarios say about DEXCF?
Our models span a range for Dexerials Corporation: cautious scenario $14.42, base $22.02, optimistic $30.52 per share (as of Sep 24, 2026, price $22.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DEXCF?
Dexerials Corporation trades at a price-to-earnings ratio of 22.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $22.02 is built from several models across several years. Other multiples: P/B 6.8, P/S 5.7, EV/EBITDA 13.7.
How solid is the balance sheet of Dexerials Corporation (DEXCF)?
Balance-sheet figures for Dexerials Corporation (as of Sep 24, 2026): return on equity 27.3%, debt of 0.13 per unit of equity. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
Which stocks are comparable to Dexerials Corporation?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Luxshare Precision Industry 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 Dexerials Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $22.20, calculated fair value $22.02 (−1%), Quality Score 79/100, 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 DEXCF calculated?
We run Dexerials Corporation 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 $22.02, 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 14.1 % above its aggregate fair value. Dexerials Corporation itself currently trades above fair value. 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 Dexerials Corporation (DEXCF)?
The closing price on Sep 18, 2026 was $22.20. Our model-based fair value is $22.02, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dexerials Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($14.42 to $30.52) leaves room in how you read the outcome.

Key figures of Dexerials Corporation

How large is the market capitalisation of Dexerials Corporation (DEXCF)?
The market capitalisation of Dexerials Corporation is $4.1B. 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 Dexerials Corporation (DEXCF)?
The price-to-sales ratio of Dexerials Corporation is 5.58 (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 Dexerials Corporation (DEXCF)?
Earnings per share at Dexerials Corporation are $1.00 (price ÷ EPS = P/E 22.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dexerials Corporation (DEXCF)?
The net margin of Dexerials Corporation is 25.1% (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 Dexerials Corporation (DEXCF)?
The return on equity (ROE) of Dexerials Corporation is 27.3% (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 Dexerials Corporation (DEXCF)?
On an EBIT basis the return on assets of Dexerials Corporation is 24.8% (avg 3y). 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 Dexerials Corporation (DEXCF)?
The operating margin of Dexerials Corporation is 28.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dexerials Corporation (DEXCF)?
Revenue at Dexerials Corporation is growing +14.2% versus a year earlier. 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 Dexerials Corporation (DEXCF)?
Earnings per share at Dexerials Corporation are growing +56.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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