Dai-ichi Life Holdings Inc (DLICY) fair value: what the stock is really worth
We calculate from audited financials what Dai-ichi Life Holdings Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 18, 2026.
How to read this chart
60‑month range $3.96 – $24.88 · fair‑value band $19.99 – $33.32 · the $24.32 price screens below the $26.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Daiichi Life Group, Inc., through its subsidiaries, provides insurance products in Japan, the United States, and internationally. The company operates through three segments: Domestic Insurance Business, Overseas Insurance Business, and Other Business.
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Daiichi Life Group, Inc., through its subsidiaries, provides insurance products in Japan, the United States, and internationally. The company operates through three segments: Domestic Insurance Business, Overseas Insurance Business, and Other Business. It offers educational endowment insurance, individual annuity, variable product, investment trust, lump-sum payment products, group annuity plans, succession products, medical and cancer protection, saving-type disease protection, health promotion, health protection (palliative care), group insurance, death protection, nursing care and dementia protection, and income and disease protection. The company was formerly known as Dai-ichi Life Holdings, Inc. and changed its name to Daiichi Life Group, Inc. in April 2026. The company was incorporated in 1902 and is headquartered in Tokyo, Japan.
Stock analysis
Dai-ichi Life Holdings Inc (DLICY) currently trades at $24.32, while our model-based Fair Value estimate is $26.65, implying the stock looks roughly 8.8% fairly valued today.
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Valuation
How firm this estimate is: it rests on 26 models at a data quality of 96/100, which puts the evidence level at high.
Scenario range: $19.99 (bear) to $33.32 (bull), the price of $24.32 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 55/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dai-ichi Life Holdings Inc reported revenue of ¥10.3T in FY2026 versus ¥7.9T in FY2022, a compound +7.0%/yr. Reported net income was ¥463B in FY2026, compounding +3.1%/yr from FY2022.
Key figures
Market cap $44.3B · P/E ratio 15.8 · P/S ratio 0.71 · EPS (TTM) $1.54 · Dividend yield 2.6% · Net margin 4.5% · Return on equity 13.6% · Return on assets (EBIT) 0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 81% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −33% fair-value upside, at 10%, DLICY screens cheaper than that median.
Fair Value models
Bear $19.99Fair Value $26.65Bull $33.32
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.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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.3%
Dividend (yield on the price)2.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8% vs 12%, slowing
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.6% → 6%
2026 sits 54% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−16.3%
Yearly growth needed for the next five years to justify today's price.
Compare Dai-ichi Life Holdings Inc with another stock
Price, fair value, quality and upside side by side.
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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.Insurance - Life · 95 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+11% · Above median
Profitability
Return on equity (TTM)14% · Above median
Return on assets1% · Below median
Net margin (TTM)5% · Below median
Operating margin (TTM)17% · Below median
Growth and dividend
Revenue growth28% · Top 25%
Dividend yield (TTM)2.6% · Below median
Balance sheet
Debt / equity0.32× · Below median
Valuation Multiplesvs Insurance - Life 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.
Cite: Fair Value Calculator (2026). "Dai-ichi Life Holdings Inc Fair Value". https://www.fairvalue-calculator.com/stock/DLICY
Frequently asked questions
Is Dai-ichi Life Holdings Inc (DLICY) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of $26.65 versus a price of $24.32, about +10% upside (fairly valued).
What is the fair value of DLICY?
Our model-based fair value for Dai-ichi Life Holdings Inc is $26.65 (as of Sep 18, 2026), built from audited fundamentals. The current price: $24.32.
What is the quality score of DLICY?
Dai-ichi Life Holdings Inc has a Quality Score of 55/100. 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 Dai-ichi Life Holdings Inc (DLICY)?
Our model-based price target is the fair value of $26.65 (as of Sep 18, 2026) from 4 valuation models. Cautious scenario $19.99, optimistic scenario $33.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Dai-ichi Life Holdings Inc stock forecast for 2026?
Our models put fair value at $26.65, about +10% upside versus a price of $24.32 (fairly valued). Cautious scenario $19.99, optimistic scenario $33.32. The calculation is refreshed regularly with new filings.
What is the revenue of Dai-ichi Life Holdings Inc (DLICY)?
Dai-ichi Life Holdings Inc reported trailing-twelve-month revenue of about ¥10.2T (latest available figure, as of Sep 18, 2026).
Does Dai-ichi Life Holdings Inc pay a dividend?
Dai-ichi Life Holdings Inc currently shows a dividend yield of about 2.59% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Dai-ichi Life Holdings Inc (DLICY)?
For today's price to be fair in a discounted-cash-flow model, Dai-ichi Life Holdings Inc would have to grow free cash flow by -16.3 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of DLICY use?
Our models discount Dai-ichi Life Holdings Inc at 8.1 %: a base by market capitalisation (large), damped by beta 0.28, 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 Dai-ichi Life Holdings Inc that is -16.3 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Dai-ichi Life Holdings Inc (DLICY) delivered so far?
Over the past 5 years revenue at Dai-ichi Life Holdings Inc grew +6.4 % a year. The price currently implies -16.3 % 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 Dai-ichi Life Holdings Inc (DLICY) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Dai-ichi Life Holdings Inc (-16.3 % 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 Dai-ichi Life Holdings Inc (DLICY)?
The free-cash-flow yield on the price is 10.90 %: that much free cash flow Dai-ichi Life Holdings Inc produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dai-ichi Life Holdings Inc (DLICY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dai-ichi Life Holdings Inc it is $26.65 per share (as of Sep 18, 2026), against a price of $24.32. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Dai-ichi Life Holdings Inc stock overvalued or undervalued in 2026?
As of Sep 18, 2026, DLICY trades below its calculated fair value: price $24.32, fair value $26.65, a gap of about +10% (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 DLICY?
No. The price is what the market pays today ($24.32); the fair value is what the company's own numbers justify ($26.65). For Dai-ichi Life Holdings Inc the two are $2.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dai-ichi Life Holdings Inc worth?
The market values Dai-ichi Life Holdings Inc at about $44.3B (market capitalisation, as of Sep 18, 2026). Per share that is $24.32; our models calculate a fair value of $26.65 per share.
What do the bullish and bearish scenarios say about DLICY?
Our models span a range for Dai-ichi Life Holdings Inc: cautious scenario $19.99, base $26.65, optimistic $33.32 per share (as of Sep 18, 2026, price $24.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DLICY?
Dai-ichi Life Holdings Inc trades at a price-to-earnings ratio of 15.8 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $26.65 is built from several models across several years. Other multiples: PEG 0.8, P/B 1.6, P/S 0.6, EV/EBITDA 3.0.
What is the PEG ratio of DLICY?
The PEG ratio of Dai-ichi Life Holdings Inc is 0.84 (P/E divided by earnings growth, as of Sep 18, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Dai-ichi Life Holdings Inc (DLICY)?
Balance-sheet figures for Dai-ichi Life Holdings Inc (as of Sep 18, 2026): return on equity 13.6%, debt of 0.32 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is DLICY from its 52-week high?
Dai-ichi Life Holdings Inc trades at $24.32, about 10% below its 52-week high of $22.13 and 81% above the low of $13.44 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $26.65 is for.
Which stocks are comparable to Dai-ichi Life Holdings Inc?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) Company, AIA Group, Manulife Financial 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 Dai-ichi Life Holdings Inc stock attractive at the current price?
The data as of Sep 18, 2026: price $24.32, calculated fair value $26.65 (+10%), Quality Score 55/100, from 4 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 DLICY calculated?
We run Dai-ichi Life Holdings Inc through 4 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 $26.65, 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 16.1 % above its aggregate fair value. Dai-ichi Life Holdings Inc currently trades 10 % 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 Dai-ichi Life Holdings Inc (DLICY)?
The closing price on Sep 18, 2026 was $24.32. Our model-based fair value is $26.65, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dai-ichi Life Holdings Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Dai-ichi Life Holdings Inc (DLICY) come from?
Earnings per share at Dai-ichi Life Holdings Inc grew +10.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.9 %, EBIT margin +3.5 %, tax rate +1.3 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Dai-ichi Life Holdings Inc
How large is the market capitalisation of Dai-ichi Life Holdings Inc (DLICY)?
The market capitalisation of Dai-ichi Life Holdings Inc is $44.3B. 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 Dai-ichi Life Holdings Inc (DLICY)?
The price-to-sales ratio of Dai-ichi Life Holdings Inc is 0.71 (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 Dai-ichi Life Holdings Inc (DLICY)?
Earnings per share at Dai-ichi Life Holdings Inc are $1.54 (price ÷ EPS = P/E 15.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dai-ichi Life Holdings Inc (DLICY)?
The dividend yield of Dai-ichi Life Holdings Inc is 2.6% (payout 40.9%). 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 Dai-ichi Life Holdings Inc (DLICY)?
The net margin of Dai-ichi Life Holdings Inc is 4.5% (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 Dai-ichi Life Holdings Inc (DLICY)?
The return on equity (ROE) of Dai-ichi Life Holdings Inc is 13.6% (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 Dai-ichi Life Holdings Inc (DLICY)?
On an EBIT basis the return on assets of Dai-ichi Life Holdings Inc is 0.7% (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 Dai-ichi Life Holdings Inc (DLICY)?
The operating margin of Dai-ichi Life Holdings Inc is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dai-ichi Life Holdings Inc (DLICY)?
Revenue at Dai-ichi Life Holdings Inc is growing +28.0% versus a year earlier (3y avg +7.0%). 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 Dai-ichi Life Holdings Inc (DLICY)?
Earnings per share at Dai-ichi Life Holdings Inc are growing +278% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dai-ichi Life Holdings Inc (DLICY) hold?
Dai-ichi Life Holdings Inc holds more cash than debt, ¥2.6T net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Sep 18, 2026