Disco Corporation (DISPF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Disco Corporation $376, price $403, upside -6.7%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 24, 2026.
How to read this chart
60‑month range $43.04 – $568.28 · fair‑value band $225.97 – $498.09 · the $402.96 price screens above the $376.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws.
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Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment, cut-off wheels, and related products. In addition, it is involved in the maintenance, disassembly, and recycling of precision cutting, grinding, and polishing machines, as well as provides training services for the maintenance and operation of its machines. Further, the company leases precision machines; and purchases and sells used machines. Additionally, it manufactures and sells precision diamond abrasive tools; and offers chargeable processing services. The company was founded in 1937 and is based in Tokyo, Japan.
Stock analysis
Disco Corporation (DISPF) currently trades at $402.96, while our model-based Fair Value estimate is $376.12, so the stock looks roughly fairly valued today (gap 7.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $209.23 per share, and 0 of the 26 models we run sit above the $402.96 price.
Bear case: the Dividend Discount group reads lowest at $42.61, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $225.97 (bear) to $498.09 (bull), the price of $402.96 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 74/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Disco Corporation reported revenue of ¥437B in FY2026 versus ¥254B in FY2022, a compound +14.5%/yr. Reported net income was ¥136B in FY2026, compounding +19.6%/yr from FY2022.
Key figures
Market cap $43.7B · P/E ratio 51.7 · P/S ratio 16.0 · EPS (TTM) $7.80 · Net margin 31.0% · Return on equity 26.5% · Return on assets (EBIT) 23.7% · Operating margin 44.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −28% fair-value upside, at −7%, DISPF screens cheaper than that median.
Fair Value models
Bear $225.97Fair Value $376.12Bull $498.09
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.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.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.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.1%
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.
+15.4%
Revenue growth 5 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.
+19.0%
Start year 2021 (pandemic)
Revenue growth 8 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.
+12.7%
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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.
+1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.5%
Dividend (yield on the price)0.0%
Profit margin 2021 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.29% → 42%
2026 sits 61% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 2.0%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+31.8%
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.
+17.7%
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 +29.1% a year for the price and +15.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (28 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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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.Semiconductor Equipment & Materials · 214 stocks
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.
Cite: Fair Value Calculator (2026). "Disco Corporation Fair Value". https://www.fairvalue-calculator.com/stock/DISPF
Frequently asked questions
Is Disco Corporation (DISPF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $376.12 versus a price of $402.96, about −7% upside (fairly valued).
What is the fair value of DISPF?
Our model-based fair value for Disco Corporation is $376.12 (as of Sep 24, 2026), built from audited fundamentals. The current price: $402.96.
What is the quality score of DISPF?
Disco Corporation has a Quality Score of 74/100. 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 Disco Corporation (DISPF)?
Our model-based price target is the fair value of $376.12 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario $225.97, optimistic scenario $498.09. It is a calculation from audited fundamentals, not an analyst target.
What is the Disco Corporation stock forecast for 2026?
Our models put fair value at $376.12, about −7% upside versus a price of $402.96 (fairly valued). Cautious scenario $225.97, optimistic scenario $498.09. The calculation is refreshed regularly with new filings.
What is the revenue of Disco Corporation (DISPF)?
Disco Corporation reported trailing-twelve-month revenue of about ¥437B (latest available figure, as of Sep 24, 2026).
What growth is priced into Disco Corporation (DISPF)?
For today's price to be fair in a discounted-cash-flow model, Disco Corporation would have to grow free cash flow by +31.8 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of DISPF use?
Our models discount Disco Corporation at 9.4 %: a base by market capitalisation (large), damped by beta 1.06, 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 Disco Corporation that is +31.8 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Disco Corporation (DISPF) delivered so far?
Over the past 5 years revenue at Disco Corporation grew +19.0 % a year. The price currently implies +31.8 % 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 Disco Corporation (DISPF) growing?
The median revenue growth in the sector is +10.3 % a year. That is the yardstick for the growth priced into Disco Corporation (+31.8 % 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 Disco Corporation (DISPF)?
The free-cash-flow yield on the price is 1.43 %: that much free cash flow Disco Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Disco Corporation (DISPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Disco Corporation it is $376.12 per share (as of Sep 24, 2026), against a price of $402.96. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Disco Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DISPF trades above its calculated fair value: price $402.96, fair value $376.12, a gap of about −7% (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 DISPF?
No. The price is what the market pays today ($402.96); the fair value is what the company's own numbers justify ($376.12). For Disco Corporation the two are $26.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Disco Corporation worth?
The market values Disco Corporation at about $43.7B (market capitalisation, as of Sep 24, 2026). Per share that is $402.96; our models calculate a fair value of $376.12 per share.
What do the bullish and bearish scenarios say about DISPF?
Our models span a range for Disco Corporation: cautious scenario $225.97, base $376.12, optimistic $498.09 per share (as of Sep 24, 2026, price $402.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DISPF?
Disco Corporation trades at a price-to-earnings ratio of 51.7 (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 $376.12 is built from several models across several years. Other multiples: PEG 2.8, P/B 11.3, P/S 15.3, EV/EBITDA 32.1.
What is the PEG ratio of DISPF?
The PEG ratio of Disco Corporation is 2.81 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Disco Corporation (DISPF)?
Balance-sheet figures for Disco Corporation (as of Sep 24, 2026): return on equity 26.5%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is DISPF from its 52-week high?
Disco Corporation trades at $402.96, about 29% below its 52-week high of $568.28 and 46% above the low of $276.30 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $376.12 is for.
Which stocks are comparable to Disco Corporation?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 Disco Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $402.96, calculated fair value $376.12 (−7%), Quality Score 74/100, from 26 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 DISPF calculated?
We run Disco Corporation through 26 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 $376.12, 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 14.5 % above its aggregate fair value. Disco 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 Disco Corporation (DISPF)?
The closing price on Oct 2, 2026 was $402.96. Our model-based fair value is $376.12, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Disco 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 ($225.97 to $498.09) leaves room in how you read the outcome.
Key figures of Disco Corporation
How large is the market capitalisation of Disco Corporation (DISPF)?
The market capitalisation of Disco Corporation is $43.7B. 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 Disco Corporation (DISPF)?
The price-to-sales ratio of Disco Corporation is 16.0 (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 Disco Corporation (DISPF)?
Earnings per share at Disco Corporation are $7.80 (price ÷ EPS = P/E 51.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Disco Corporation (DISPF)?
The net margin of Disco Corporation is 31.0% (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 Disco Corporation (DISPF)?
The return on equity (ROE) of Disco Corporation is 26.5% (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 Disco Corporation (DISPF)?
On an EBIT basis the return on assets of Disco Corporation is 23.7% (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 Disco Corporation (DISPF)?
The operating margin of Disco Corporation is 44.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Disco Corporation (DISPF)?
Revenue at Disco Corporation is growing +16.8% versus a year earlier (3y avg +15.4%). 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 Disco Corporation (DISPF)?
Earnings per share at Disco Corporation are growing +15.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Sep 24, 2026