Daiwa House Industry Co Ltd (DWAHY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Daiwa House Industry Co Ltd stock $18.10, price $14.49, upside +24.9%, quality 49 out of 100. Rating: undervalued. 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 20, 2026.
How to read this chart
60‑month range $8.53 – $18.06 · fair‑value band $14.46 – $27.06 · the $14.49 price screens below the $18.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 20, 2026.
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Daiwa House Industry Co., Ltd., together with its subsidiaries, engages in the construction work business in Japan, the United States, and internationally.
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It operates through Single-Family Houses Business; Rental Housing Business; Condominiums Business; Commercial Facilities Business; Logistics, Business and Corporate Facilities Business; Environmental and Energy Business; and Other Businesses segments.
The Single-Family Houses segment engages in the construction of single-family houses; and sale of house and land packages. Its Rental Housing segment is involved in rental housing development, construction, management, operation, and agency services.
The Condominiums segment develops, sells, and manages condominiums. Its Logistics, Business and Corporate Facilities Business segment engages in the development, construction, management, and operation of commercial facilities.
The Logistics, Business and Corporate Facilities Business segment engages in the development, construction, management, and operation of logistics, manufacturing facilities, medical, nursing care, and other facilities.
Its Environmental Energy segment develops and constructs renewable energy power plants; and engages in renewable energy generation and electricity retail business.
The company also engages in housing renovation and interiors; environmental energy and greening; asset management; agriculture; parking and carsharing; golf course; fitness club and aesthetic salon; home and shopping center; fee-based homes for the elderly; travel agency; insurance; credit card and financial services; information technology; cultivation; community development; resort hotel; and logistics, sports club management, and credit card businesses.
Daiwa House Industry Co., Ltd. was incorporated in 1947 and is headquartered in Kita, Japan.
Stock analysis
Daiwa House Industry Co Ltd (DWAHY) currently trades at $14.49, while our model-based Fair Value estimate is $18.10, implying the stock looks roughly 19.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $32.50 per share, and 6 of the 9 models we run sit above the $14.49 price.
Bear case: the Asset-Based group reads lowest at $8.70, and 3 of the 9 models stay below the price. Data coverage for this calculation is high.
Scenario range: $14.46 (bear) to $27.06 (bull), the price of $14.49 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 49/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Daiwa House Industry Co Ltd ADR reported revenue of ¥5.9T in FY2026 versus ¥4.4T in FY2022, a compound +7.4%/yr. Reported net income was ¥372B in FY2026, compounding +13.3%/yr from FY2022.
Key figures
Market cap $17.3B Large · P/E ratio 7.7 · P/S ratio 0.49 · EPS (TTM) $1.87 · Dividend yield 3.6% · Net margin 6.3% · Return on equity 12.9% · Return on assets (EBIT) 7.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at 25%, DWAHY screens cheaper than that median.
Fair Value models
Bear$14.46Fair Value $18.10Bull$27.06
Price $14.49 · Upside +24.9%
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 7 months old). Earnings retained since then ($0.7586 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.
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.48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.8%
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.
+6.4%
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.
+7.5%
Start year 2021 (pandemic). Over 10 years: +6.4% a year
Revenue growth 29 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.
+5.7%
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What shareholders gained per year (last 5 years), in JPY ⓘ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. 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.
+15.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.8%
Dividend (yield on the price)3.6%
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.11.8% vs 12.9%, steady
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.9% → 11%
News mood ⓘNews mood, the average tone of recent news (6 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Limited durable advantages from negative free cash flow and high debt form the main weakness, while refocusing on urban markets and overseas expansion offers the chief potential strength.
Main risk: Long-term population decline in Japan represents the single biggest risk by reducing demand for housing and constraining the domestic development business.
Daiwa House is withdrawing from new detached-home construction in 23 Japanese prefectures starting next year, shifting focus to urban areas like Tokyo and Osaka while reassigning around 200 staff. This streamlining responds to long-term population decline and higher costs even as the firm expands abroad. Will the tighter domestic footprint and overseas moves build a more resilient operation or simply cap its overall growth?
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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.Real Estate - Development · 576 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside+24.9% · Above median
Profitability
Return on equity (12 months)12.9% · Top 25%
Return on assets4.4% · Top 25%
Net margin (12 months)6.3% · Below median
Operating margin (12 months)9.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)9.0% · Above median
Dividend yield (12 months)3.6% · Above median
Balance sheet
Debt / equity0.66× · Above median
Valuation Multiplesvs Real Estate - Development 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). "Daiwa House Industry Co Ltd ADR Fair Value". https://www.fairvalue-calculator.com/stock/DWAHY
Frequently asked questions
Is Daiwa House Industry Co Ltd (DWAHY) overvalued or undervalued?
As of Oct 20, 2026, our model estimates a fair value of $18.10 versus a price of $14.49, about +25% upside (undervalued).
What is the fair value of DWAHY?
Our model-based fair value for Daiwa House Industry Co Ltd ADR is $18.10 (as of Oct 20, 2026), built from audited fundamentals. The current price: $14.49.
What is the quality score of DWAHY?
Daiwa House Industry Co Ltd ADR has a Quality Score of 49/100. 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 Daiwa House Industry Co Ltd (DWAHY)?
Our model-based price target is the fair value of $18.10 (as of Oct 20, 2026) from 9 valuation models. Cautious scenario $14.46, optimistic scenario $27.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Daiwa House Industry Co Ltd ADR stock forecast for 2026?
Our models put fair value at $18.10, about +25% upside versus a price of $14.49 (undervalued). Cautious scenario $14.46, optimistic scenario $27.06. The calculation is refreshed regularly with new filings.
What is the revenue of Daiwa House Industry Co Ltd (DWAHY)?
Daiwa House Industry Co Ltd ADR reported trailing-twelve-month revenue of about ¥5.7T (latest available figure, as of Oct 20, 2026).
Does Daiwa House Industry Co Ltd ADR pay a dividend?
Daiwa House Industry Co Ltd ADR currently shows a dividend yield of 3.63% relative to its recent price (as of Oct 20, 2026).
What is the intrinsic value of Daiwa House Industry Co Ltd (DWAHY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daiwa House Industry Co Ltd ADR it is $18.10 per share (as of Oct 20, 2026), against a price of $14.49. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Daiwa House Industry Co Ltd ADR stock overvalued or undervalued in 2026?
As of Oct 20, 2026, DWAHY trades below its calculated fair value: price $14.49, fair value $18.10, a gap of about +25% (undervalued). 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 DWAHY?
No. The price is what the market pays today ($14.49); the fair value is what the company's own numbers justify ($18.10). For Daiwa House Industry Co Ltd ADR the two are $3.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is Daiwa House Industry Co Ltd ADR worth?
The market values Daiwa House Industry Co Ltd ADR at about $17.3B (market capitalisation, as of Oct 20, 2026). Per share that is $14.49; our models calculate a fair value of $18.10 per share.
What do the bullish and bearish scenarios say about DWAHY?
Our models span a range for Daiwa House Industry Co Ltd ADR: cautious scenario $14.46, base $18.10, optimistic $27.06 per share (as of Oct 20, 2026, price $14.49). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DWAHY?
Daiwa House Industry Co Ltd ADR trades at a price-to-earnings ratio of 7.7 (as of Oct 20, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18.10 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.5, EV/EBITDA 5.6.
How solid is the balance sheet of Daiwa House Industry Co Ltd (DWAHY)?
Balance-sheet figures for Daiwa House Industry Co Ltd ADR (as of Oct 20, 2026): return on equity 12.9%, debt of 0.66 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is DWAHY from its 52-week high?
Daiwa House Industry Co Ltd ADR trades at $14.49, about 20% below its 52-week high of $18.06 and 14% above the low of $12.71 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $18.10 is for.
Which stocks are comparable to Daiwa House Industry Co Ltd ADR?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, Hongkong Land Holdings, 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 Daiwa House Industry Co Ltd ADR stock attractive at the current price?
The data as of Oct 20, 2026: price $14.49, calculated fair value $18.10 (+25%), Quality Score 49/100, from 9 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 DWAHY calculated?
We run Daiwa House Industry Co Ltd ADR through 9 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 $18.10, 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. Daiwa House Industry Co Ltd ADR currently trades 20 % 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 Daiwa House Industry Co Ltd (DWAHY)?
The closing price on Oct 22, 2026 was $14.49. Our model-based fair value is $18.10, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daiwa House Industry Co Ltd ADR right now?
Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($14.46 to $27.06) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Daiwa House Industry Co Ltd (DWAHY) come from?
Earnings per share at Daiwa House Industry Co Ltd ADR grew +10.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.8 %, EBIT margin +2.8 %, tax rate +0.2 %, residual (interest, one-offs) +0.4 %. 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 Daiwa House Industry Co Ltd ADR
How large is the market capitalisation of Daiwa House Industry Co Ltd (DWAHY)?
The market capitalisation of Daiwa House Industry Co Ltd ADR is $17.3B. 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 Daiwa House Industry Co Ltd (DWAHY)?
The price-to-sales ratio of Daiwa House Industry Co Ltd ADR is 0.49 (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 Daiwa House Industry Co Ltd (DWAHY)?
Earnings per share at Daiwa House Industry Co Ltd ADR are $1.87 (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Daiwa House Industry Co Ltd (DWAHY)?
The dividend yield of Daiwa House Industry Co Ltd ADR is 3.6% (payout 28.1%). 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 Daiwa House Industry Co Ltd (DWAHY)?
The net margin of Daiwa House Industry Co Ltd ADR is 6.3% (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 Daiwa House Industry Co Ltd (DWAHY)?
The return on equity (ROE) of Daiwa House Industry Co Ltd ADR is 12.9% (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 Daiwa House Industry Co Ltd (DWAHY)?
On an EBIT basis the return on assets of Daiwa House Industry Co Ltd ADR is 7.3% (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 Daiwa House Industry Co Ltd (DWAHY)?
The operating margin of Daiwa House Industry Co Ltd ADR is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daiwa House Industry Co Ltd (DWAHY)?
Revenue at Daiwa House Industry Co Ltd ADR is growing +9.0% versus a year earlier (3y avg +6.4%). 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 Daiwa House Industry Co Ltd (DWAHY)?
Earnings per share at Daiwa House Industry Co Ltd ADR are growing +9.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Daiwa House Industry Co Ltd (DWAHY) generate?
The free cash flow of Daiwa House Industry Co Ltd ADR is −¥323B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Daiwa House Industry Co Ltd (DWAHY) carry?
The net debt of Daiwa House Industry Co Ltd ADR is ¥2.8T (fiscal year 2026). 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 20, 2026