Pan Pacific International Holdings Corp (DQJCY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Pan Pacific International Holdings Corp stock $9.13, price $9.47, upside -3.6%, quality 61 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range $4.97 – $15.11 · fair‑value band $5.76 – $11.42 · the $9.47 price screens above the $9.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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Pan Pacific International Holdings Corporation, together with its subsidiaries, operates retail stores.
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The company operates discount convenience stores under the Don Quijote, general discount store under the MEGA Don Quijote and MEGA Don Quijote UNY, and Nagasakiya names; and general merchandise stores under the Apita and Piago names.
It is also involved in leasing space management; tenant leasing; real estate development; general wholesale; provision of logistic services and internet services; and development and procurement of products and control of production.
In addition, the company operates retail stores under the Don Quijote USA, Gelson's, Marukai, Don Don Donki, and Times names, as well as under the private brand names, including JONETZ, Style One, Prime One, and eco!on. The company was formerly known as Don Quijote Holdings Co., Ltd. and changed its name to Pan Pacific International Holdings Corporation in February 2019.
Pan Pacific International Holdings Corporation was incorporated in 1980 and is headquartered in Tokyo, Japan.
Stock analysis
Pan Pacific International Holdings Corp (DQJCY) currently trades at $9.47, while our model-based Fair Value estimate is $9.13, so the stock looks roughly fairly valued today (gap 3.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $11.99 per share, and 15 of the 26 models we run sit above the $9.47 price.
Bear case: the Asset-Based group reads lowest at $1.68, and 11 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $5.76 (bear) to $11.42 (bull), the price of $9.47 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 61/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Pan Pacific International Holdings Corp ADR reported revenue of ¥2.6T in FY2026 versus ¥1.8T in FY2022, a compound +8.7%/yr. Reported net income was ¥115B in FY2026, compounding +16.8%/yr from FY2022.
Key figures
Market cap $14.2B Large · P/E ratio 19.7 · P/S ratio 0.89 · EPS (TTM) $0.4800 · Dividend yield 1.3% · Net margin 4.5% · Return on equity 16.5% · Return on assets (EBIT) 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −20% fair-value upside, at −4%, DQJCY screens cheaper than that median.
Fair Value models
Bear$5.76Fair Value $9.13Bull$11.42
Price $9.47 · Upside -3.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then ($0.1512 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. 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.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF$6.77$12.81$23.9876
Growth DCF$6.81$12.69$23.7875
EPV$5.25$6.32$7.2874
All 26 models by family
DCF Models
FCF DCF$6.77$12.81$23.9876
Owner Earnings$6.01$11.43$21.4473
5Y Revenue Exit$6.57$11.89$19.0271
5Y EBITDA Exit$7.74$14.23$22.2673
5Y P/E Exit$6.89$12.53$18.8569
10Y Revenue Exit$6.34$11.51$19.2565
10Y EBITDA Exit$7.39$13.27$22.0166
10Y P/E Exit$6.81$11.99$19.1062
Earnings-Based
Graham-Dodd$3.34$14.19$19.3764
Lynch FV$3.62$5.17$6.7261
PEG = 1.0$3.62$5.17$6.7257
EPV$5.25$6.32$7.2874
Dividend Discount
Gordon GGM$1.09$2.51$4.4965
DDM Multi-Stage$1.09$1.99$2.5966
Multiples
P/E Multiple$8.10$10.80$13.5063
P/S Multiple$6.26$8.34$10.4358
P/B Multiple$7.54$10.06$12.5755
EV/EBIT$9.74$13.25$16.7666
EV/EBITDA$8.63$11.77$14.9167
EV/Revenue$6.31$9.35$12.3953
Asset-Based
NCAV (Graham)$1.26$1.68$2.5154
Growth DCF
Growth DCF$6.81$12.69$23.7875
Rev-Margin DCF$6.57$11.76$18.2871
Economic Profit
Residual Income$3.44$4.64$8.1673
ROIC Compounder$6.02$8.61$12.2571
Growth Earnings
Growth-Adj P/E$6.26$8.95$11.6367
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.8%
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.
+9.7%
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.
+8.4%
Start year 2021 (pandemic). Over 10 years: +12.9% a year
Revenue growth 21 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.
+12.1%
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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.
+36.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.4%
Dividend (yield on the price)1.3%
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.35.4% vs 25.6%, picking up
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.5% → 7%
2026 sits 159% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+5.4%
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.
+4.6%
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 +3.3% a year for the price and +2.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (8 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.Negative
Recent news coverage is more negative than average.
AI conclusion: Expansion via Toys R Us Japan integration adds new customers and categories yet thin margins with no observable moat limit the business quality.
Main risk: Near-term operational demands from blending the Toys R Us Japan operations could pressure margins during the handover period.
The company is integrating the Toys R Us Japan business into its discount stores to reach new customers and categories. This step supports longer term expansion but brings near term operational demands and potential margin effects during the handover. Will the added scale and synergies deliver more than the costs of blending the operations?
Compare Pan Pacific International Holdings Corp ADR with another stock
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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.Discount Stores · 23 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−3.6% · Above median
Profitability
Return on equity (12 months)16.5% · Below median
Return on assets7.2% · Above median
Net margin (12 months)4.5% · Above median
Operating margin (12 months)6.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)10.8% · Above median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.47× · Above median
Valuation Multiplesvs Discount Stores median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Pan Pacific International Holdings Corp ADR Fair Value". https://www.fairvalue-calculator.com/stock/DQJCY
Frequently asked questions
Is Pan Pacific International Holdings Corp (DQJCY) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of $9.13 versus a price of $9.47, about −4% upside (fairly valued).
What is the fair value of DQJCY?
Our model-based fair value for Pan Pacific International Holdings Corp ADR is $9.13 (as of Oct 22, 2026), built from audited fundamentals. The current price: $9.47.
What is the quality score of DQJCY?
Pan Pacific International Holdings Corp ADR has a Quality Score of 61/100. 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 Pan Pacific International Holdings Corp (DQJCY)?
Our model-based price target is the fair value of $9.13 (as of Oct 22, 2026) from 26 valuation models. Cautious scenario $5.76, optimistic scenario $11.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Pan Pacific International Holdings Corp ADR stock forecast for 2026?
Our models put fair value at $9.13, about −4% upside versus a price of $9.47 (fairly valued). Cautious scenario $5.76, optimistic scenario $11.42. The calculation is refreshed regularly with new filings.
What is the revenue of Pan Pacific International Holdings Corp (DQJCY)?
Pan Pacific International Holdings Corp ADR reported trailing-twelve-month revenue of about ¥2.4T (latest available figure, as of Oct 22, 2026).
Does Pan Pacific International Holdings Corp ADR pay a dividend?
Pan Pacific International Holdings Corp ADR currently shows a dividend yield of 1.29% relative to its recent price (as of Oct 22, 2026).
What growth is priced into Pan Pacific International Holdings Corp (DQJCY)?
For today's price to be fair in a discounted-cash-flow model, Pan Pacific International Holdings Corp ADR would have to grow free cash flow by +5.4 % 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 +8.4 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of DQJCY use?
Our models discount Pan Pacific International Holdings Corp ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.02, 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 Pan Pacific International Holdings Corp ADR that is +5.4 % 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 Pan Pacific International Holdings Corp (DQJCY) delivered so far?
Over the past 5 years revenue at Pan Pacific International Holdings Corp ADR grew +8.4 % a year. The price currently implies +5.4 % 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 Pan Pacific International Holdings Corp (DQJCY) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into Pan Pacific International Holdings Corp ADR (+5.4 % 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 Pan Pacific International Holdings Corp (DQJCY)?
The free-cash-flow yield on the price is 5.32 %: that much free cash flow Pan Pacific International Holdings Corp ADR 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 Pan Pacific International Holdings Corp (DQJCY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pan Pacific International Holdings Corp ADR it is $9.13 per share (as of Oct 22, 2026), against a price of $9.47. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Pan Pacific International Holdings Corp ADR stock overvalued or undervalued in 2026?
As of Oct 22, 2026, DQJCY trades above its calculated fair value: price $9.47, fair value $9.13, a gap of about −4% (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 DQJCY?
No. The price is what the market pays today ($9.47); the fair value is what the company's own numbers justify ($9.13). For Pan Pacific International Holdings Corp ADR the two are $0.3410 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pan Pacific International Holdings Corp ADR worth?
The market values Pan Pacific International Holdings Corp ADR at about $14.2B (market capitalisation, as of Oct 22, 2026). Per share that is $9.47; our models calculate a fair value of $9.13 per share.
What do the bullish and bearish scenarios say about DQJCY?
Our models span a range for Pan Pacific International Holdings Corp ADR: cautious scenario $5.76, base $9.13, optimistic $11.42 per share (as of Oct 22, 2026, price $9.47). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DQJCY?
Pan Pacific International Holdings Corp ADR trades at a price-to-earnings ratio of 19.7 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.13 is built from several models across several years. Other multiples: PEG 2.5, P/B 3.2, P/S 0.9, EV/EBITDA 10.3.
What is the PEG ratio of DQJCY?
The PEG ratio of Pan Pacific International Holdings Corp ADR is 2.49 (P/E divided by earnings growth, as of Oct 22, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Pan Pacific International Holdings Corp (DQJCY)?
Balance-sheet figures for Pan Pacific International Holdings Corp ADR (as of Oct 22, 2026): return on equity 16.5%, debt of 0.47 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is DQJCY from its 52-week high?
Pan Pacific International Holdings Corp ADR trades at $9.47, about 30% below its 52-week high of $13.60 and 11% above the low of $8.57 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $9.13 is for.
Which stocks are comparable to Pan Pacific International Holdings Corp ADR?
From the same area (Consumer Defensive) we also value Walmart Inc, Costco Wholesale Corporation, Target Corporation, Dollarama Inc, 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 Pan Pacific International Holdings Corp ADR stock attractive at the current price?
The data as of Oct 22, 2026: price $9.47, calculated fair value $9.13 (−4%), Quality Score 61/100, 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 DQJCY calculated?
We run Pan Pacific International Holdings Corp ADR 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 $9.13, 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 13.2 % above its aggregate fair value. Pan Pacific International Holdings Corp ADR 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 Pan Pacific International Holdings Corp (DQJCY)?
The closing price on Oct 22, 2026 was $9.47. Our model-based fair value is $9.13, about −4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pan Pacific International Holdings Corp ADR right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($5.76 to $11.42) leaves room in how you read the outcome.
Where does the earnings growth of Pan Pacific International Holdings Corp (DQJCY) come from?
Earnings per share at Pan Pacific International Holdings Corp ADR grew +23.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +21.2 %, EBIT margin +2.5 %, tax rate +0.2 %, residual (interest, one-offs) −0.6 %. 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 Pan Pacific International Holdings Corp ADR
How large is the market capitalisation of Pan Pacific International Holdings Corp (DQJCY)?
The market capitalisation of Pan Pacific International Holdings Corp ADR is $14.2B. 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 Pan Pacific International Holdings Corp (DQJCY)?
The price-to-sales ratio of Pan Pacific International Holdings Corp ADR is 0.89 (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 Pan Pacific International Holdings Corp (DQJCY)?
Earnings per share at Pan Pacific International Holdings Corp ADR are $0.4800 (price ÷ EPS = P/E 19.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pan Pacific International Holdings Corp (DQJCY)?
The dividend yield of Pan Pacific International Holdings Corp ADR is 1.3% (payout 25.5%). 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 Pan Pacific International Holdings Corp (DQJCY)?
The net margin of Pan Pacific International Holdings Corp ADR 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 Pan Pacific International Holdings Corp (DQJCY)?
The return on equity (ROE) of Pan Pacific International Holdings Corp ADR is 16.5% (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 Pan Pacific International Holdings Corp (DQJCY)?
On an EBIT basis the return on assets of Pan Pacific International Holdings Corp ADR is 9.0% (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 Pan Pacific International Holdings Corp (DQJCY)?
The operating margin of Pan Pacific International Holdings Corp ADR is 6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pan Pacific International Holdings Corp (DQJCY)?
Revenue at Pan Pacific International Holdings Corp ADR is growing +10.8% versus a year earlier (3y avg +9.7%). 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 Pan Pacific International Holdings Corp (DQJCY)?
Earnings per share at Pan Pacific International Holdings Corp ADR are growing +10.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pan Pacific International Holdings Corp (DQJCY) carry?
The net debt of Pan Pacific International Holdings Corp ADR is ¥183B (fiscal year 2026, ≈ 1.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 22, 2026