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Furuno Electric Co (FNOEF) Fair Value & Analysis

Technology · US · Market cap $1.3B

FE Furuno Electric Co logo Furuno Electric Co FNOEF · US
Price$41.99
Fair Value$55.80
Upside+32.9%
Quality66/100
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Healthy Growth
Solidly profitable · 11.9% net margin
Low debt · generates free cash flow
2.40% dividend yield
Ranks above peers (10/11)
Moderate moat 56/100
Evidence: High Range $41.85 – $94.33 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

A solid business, screening 33% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($41.85 to $94.33) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

$51.76 $6.04 Fair Value $55.80 Apr 2023 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

40‑month range $6.04 – $51.76 · fair‑value band $41.85 – $94.33 · the $41.99 price screens below the $55.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Furuno Electric Co (FNOEF) currently trades at $41.99, while our model-based Fair Value estimate is $55.80, implying the stock looks roughly 32.9% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Furuno Electric Co generated revenue of $141B at a net margin of 11.9%. Revenue grew 13.5% year over year. It earns a return on equity of 20.7%. Net debt stands at $1.7B. Fundamentals as of Jul 16, 2026

Our scenario range runs from $41.85 (bear case) to $94.33 (bull case); at $41.99, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 365% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at 33%, FNOEF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $28.59 $44.45 $67.27 80
Rev-Margin DCF $26.04 $42.45 $63.70 74
ROIC Compounder $19.25 $24.03 $30.02 72
All 24 models by family
DCF Models
FCF DCF $29.03 $47.14 $74.95 38
Owner Earnings $28.22 $45.79 $72.76 31
5Y Revenue Exit $26.04 $42.74 $65.21 39
5Y EBITDA Exit $36.33 $63.99 $98.78 41
5Y P/E Exit $43.04 $77.84 $117.89 38
10Y Revenue Exit $26.19 $41.56 $64.74 36
10Y EBITDA Exit $33.08 $55.80 $90.45 37
10Y P/E Exit $37.15 $65.08 $105.08 35
Earnings-Based
Graham-Dodd $17.45 $81.73 $112.33 54
Lynch FV $21.62 $30.89 $40.15 50
PEG = 1.0 $21.62 $30.89 $40.15 46
EPV $17.88 $20.03 $21.82 59
Multiples
P/E Multiple $53.87 $71.83 $89.79 63
P/S Multiple $32.71 $43.61 $54.52 58
P/B Multiple $32.71 $43.61 $54.52 55
EV/EBIT $46.98 $61.92 $76.86 53
EV/EBITDA $44.34 $58.40 $72.47 54
EV/Revenue $24.81 $34.52 $44.24 43
Asset-Based
NCAV (Graham) $6.85 $9.18 $13.70 50
Growth DCF
Growth DCF $28.59 $44.45 $67.27 80
Rev-Margin DCF $26.04 $42.45 $63.70 74
Economic Profit
Residual Income $14.57 $19.25 $55.41 61
ROIC Compounder $19.25 $24.03 $30.02 72
Growth Earnings
Growth-Adj P/E $40.52 $57.89 $75.26 68

Widest divergence: Growth Earnings ($57.89) versus Asset-Based ($9.18). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $141B
Revenue growth (YoY) +13.5%
Net margin 11.9%
Return on equity 20.7%
Free cash flow $16.5B FY2026
P/E ratio 12.7
More key figures
Operating margin 9.4%
EPS (TTM) $3.31
Dividend yield 2.4%
EPS growth (YoY) +17.3%
Net debt $1.7B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 71

Profitability 69
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Furuno Electric Co., Ltd. manufactures and sells marine and industrial electronics equipment, wireless LAN system, and handheld terminal in Japan, the Americas, Europe, rest of Asia, and internationally.

Full company description

Furuno Electric Co., Ltd. manufactures and sells marine and industrial electronics equipment, wireless LAN system, and handheld terminal in Japan, the Americas, Europe, rest of Asia, and internationally. The Marine segment offers radars, AIS and ECDIS systems, and satellite communication equipment for merchant vessels; fish finders, sonars, and radiotelephones for fishing vessels; and network-capable and multi-function navigation systems, as well as GPS and chart plotters, fish finders, and autopilot systems for sport fishing boats, sailboats, and yachts. The Industrial segment provides automotive ETC2.0/ETC systems, dedicated short range communication systems, GPS receivers, and GPS disciplined oscillators for PNT; medical equipment devices, such as clinical chemical analyzers and ultrasound bone densitometers for healthcare industry; and wireless LAN access points and wireless handheld terminals, as well as offers electromagnetic environment testing services. In addition, it provides meteorological monitoring and analyzing systems, as well as displacement monitoring systems. Furuno Electric Co., Ltd. was founded in 1938 and is headquartered in Nishinomiya, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Furuno Electric Co reported revenue of $141B in FY2026 versus $84.8B in FY2022, a compound +13.5%/yr. Reported net income was $16.7B in FY2026, compounding +56.2%/yr from FY2022.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$141B
Latest YoY
+10.8%
Avg. growth/yr (3Y)
+15.5%
Avg. growth/yr (5Y)
+11.3%
Revenue +13.5%/yr
FY22 $84.8B
FY23 $91.3B
FY24 $115B
FY25 $127B
FY26 $141B
Net income +56.2%/yr
FY22 $2.8B
FY23 $1.3B
FY24 $6.2B
FY25 $11.5B
FY26 $16.7B

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Cite: Fair Value Calculator (2026). "Furuno Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/FNOEF

Peer Group

Scientific & Technical Instruments · 161 stocks

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.

Quality Score 66 · Above median
Fair Value upside +33% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 12.7× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 77 · sector 0
FUTURE 68 · sector 34
PAST 83 · sector 25
HEALTH 94 · sector 98
DIVIDEND 48 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Garmin Ltd GRMN $241.76 $146.67 -39%
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Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Furuno Electric Co (FNOEF) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $55.80 versus a price of $41.99, about +33% (undervalued).
What is the fair value of FNOEF?
Our model-based fair value for Furuno Electric Co is $55.80 (as of Jul 16, 2026), built from audited fundamentals. The current price is $41.99.
What is the quality score of FNOEF?
Furuno Electric Co has a Quality Score of 66/100. 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 revenue of Furuno Electric Co (FNOEF)?
Furuno Electric Co reported trailing-twelve-month revenue of about $141B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FNOEF?
The net profit margin of Furuno Electric Co is about 11.9%, meaning it keeps roughly 11.9% of revenue as net income. Based on the latest reported figures.
Does Furuno Electric Co pay a dividend?
Furuno Electric Co currently shows a dividend yield of about 2.40% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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