FUJIFILM Holdings Corp (FUJIY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of FUJIFILM Holdings Corp stock $11.94, price $10.45, upside +14.3%, quality 50 out of 100. Rating: undervalued. Calculated from audited financials with 7 of our 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. As of Nov 6, 2026.
How to read this chart
60‑month range $5.72 – $12.71 · fair‑value band $8.73 – $15.28 · the $10.45 price screens below the $11.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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FUJIFILM Holdings Corporation provides products and services in the fields of healthcare, electronics, business innovation, and imaging in Japan, the Americas, Europe, Asia, and internationally.
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The Healthcare segment offers products and services, such as medical devices, biomedical contract development and manufacturing organization, pharmaceutical, regenerative medicine, and cosmetics and supplements in the areas of prevention, diagnosis, and treatment; equipment and materials for medical systems; drug discovery support, such as iPS cells; and cell culture media and reagents.
Its Electronic segment provides display and touch panel, semiconductor and image sensors, and functional film materials; storage media and archiving services; semiconductor and display materials; industrial equipment; and fine chemicals.
The Business Innovation segment offers office equipment, including multi-function devices and printers; problem-solving document services tailored to diverse business formats and roles, including system integration, cloud service, business process outsourcing, and others; equipment and materials for graphic communications; and inks and industrial inkjet printheads.
Its Imaging segment provides color films, instant cameras, developing and printing systems, color papers, and photo printing services; TV and cinema lenses, surveillance cameras, industrial lenses for production line inspection, and projectors; instant photo systems; services for photofinishing; digital cameras; and optical devices.
FUJIFILM Holdings Corporation was incorporated in 1934 and is headquartered in Minato, Japan.
Stock analysis
FUJIFILM Holdings Corp (FUJIY) currently trades at $10.45, while our model-based Fair Value estimate is $11.94, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $32.24 per share, and 3 of the 7 models we run sit above the $10.45 price.
Bear case: the Dividend Discount group reads lowest at $3.84, and 4 of the 7 models stay below the price. Data coverage for this calculation is high.
Scenario range: $8.73 (bear) to $15.28 (bull), the price of $10.45 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 50/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
FUJIFILM Holdings Corp reported revenue of ¥3.6T in FY2026 versus ¥2.2T in FY2022, a compound +12.9%/yr. Reported net income was ¥293B in FY2026, compounding +12.8%/yr from FY2022.
Key figures
Market cap $25.2B Large · P/E ratio 14.9 · P/S ratio 1.23 · EPS (TTM) $0.7000 · Dividend yield 2.1% · Net margin 8.2% · Return on equity 7.2% · Return on assets (EBIT) 5.8% (5-year average).
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 12% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 14%, FUJIY screens cheaper than that median.
Fair Value models
Bear$8.73Fair Value $11.94Bull$15.28
Price $10.45 · Upside +14.3%
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 ($0.4258 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.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.4%
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.
+7.6%
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.
+10.2%
Start year 2021 (pandemic). Over 10 years: +3.6% a year
Revenue growth 40 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.
+3.8%
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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.
−9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.7%
Dividend (yield on the price)2.1%
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.−11.7% vs −0.8%, 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.8% → 10%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 6.4%/yr over ~10Y (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.
News mood ⓘNews mood, the average tone of recent news (93 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.Positive
Recent news coverage is more positive than average.
AI conclusion: The business shows strength in its push into biopharma CDMO and semiconductor materials amid AI-driven demand, yet its main weakness is weak returns and negative free cash flow despite positive operating cash flow.
Main risk: Lonza and Samsung Biologics are rapidly adding global bioreactor capacity which could lead to oversupply in the bio CDMO market and force Fujifilm to accept lower prices or suffer lower utilization rates at its new large-scale facilities.
Bull case: Fujifilm could leverage its modular KojoX cloning approach and long-term contracts with partners such as Regeneron and Johnson & Johnson to achieve high utilization and differentiate through reliable global supply even as rivals expand.
Bear case: Persistent regulatory setbacks combined with aggressive capacity additions by Lonza and Samsung Biologics could leave Fujifilm's expensive new facilities underutilized for years and erode margins in the core growth segment.
Fujifilm is installing new equipment at its Hirono plant to produce linker-payloads for antibody-drug conjugates, with operations targeted for 2028 as part of a full one-stop CDMO service. This builds on its push into biopharma and semiconductor materials amid AI-driven demand, even as the bio CDMO segment raised costs and cut recent profits. Will these expansions in high-potential areas strengthen the business over time or keep weighing on near-term results?
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.Conglomerates · 305 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+14.3% · Above median
Profitability
Return on equity (12 months)7.2% · Below median
Return on assets4.8% · Above median
Net margin (12 months)7.6% · Above median
Operating margin (12 months)6.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)10.3% · Above median
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
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Is FUJIFILM Holdings Corp (FUJIY) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $11.94 versus a price of $10.45, about +14% upside (undervalued).
What is the fair value of FUJIY?
Our model-based fair value for FUJIFILM Holdings Corp is $11.94 (as of Nov 6, 2026), built from audited fundamentals. The current price: $10.45.
What is the quality score of FUJIY?
FUJIFILM Holdings Corp has a Quality Score of 50/100. 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 FUJIFILM Holdings Corp (FUJIY)?
Our model-based price target is the fair value of $11.94 (as of Nov 6, 2026) from 7 valuation models. Cautious scenario $8.73, optimistic scenario $15.28. It is a calculation from audited fundamentals, not an analyst target.
What is the FUJIFILM Holdings Corp stock forecast for 2026?
Our models put fair value at $11.94, about +14% upside versus a price of $10.45 (undervalued). Cautious scenario $8.73, optimistic scenario $15.28. The calculation is refreshed regularly with new filings.
What is the revenue of FUJIFILM Holdings Corp (FUJIY)?
FUJIFILM Holdings Corp reported trailing-twelve-month revenue of about ¥3.4T (latest available figure, as of Nov 6, 2026).
Does FUJIFILM Holdings Corp pay a dividend?
FUJIFILM Holdings Corp currently shows a dividend yield of 2.07% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of FUJIFILM Holdings Corp (FUJIY) and when is the ex-dividend date?
FUJIFILM Holdings Corp has a dividend yield of 2.1%. The last ex-dividend date was Mar 31, 2026. A dividend has been paid every year since at least 1985. The payout ratio is 27.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of FUJIFILM Holdings Corp (FUJIY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FUJIFILM Holdings Corp it is $11.94 per share (as of Nov 6, 2026), against a price of $10.45. It is the blended result of 7 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is FUJIFILM Holdings Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, FUJIY trades below its calculated fair value: price $10.45, fair value $11.94, a gap of about +14% (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 FUJIY?
No. The price is what the market pays today ($10.45); the fair value is what the company's own numbers justify ($11.94). For FUJIFILM Holdings Corp the two are $1.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is FUJIFILM Holdings Corp worth?
The market values FUJIFILM Holdings Corp at about $25.2B (market capitalisation, as of Nov 6, 2026). Per share that is $10.45; our models calculate a fair value of $11.94 per share.
What do the bullish and bearish scenarios say about FUJIY?
Our models span a range for FUJIFILM Holdings Corp: cautious scenario $8.73, base $11.94, optimistic $15.28 per share (as of Nov 6, 2026, price $10.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FUJIY?
FUJIFILM Holdings Corp trades at a price-to-earnings ratio of 14.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $11.94 is built from several models across several years. Other multiples: PEG 2.2, P/B 1.0, P/S 1.2, EV/EBITDA 8.7.
What is the PEG ratio of FUJIY?
The PEG ratio of FUJIFILM Holdings Corp is 2.21 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of FUJIFILM Holdings Corp (FUJIY)?
Balance-sheet figures for FUJIFILM Holdings Corp (as of Nov 6, 2026): return on equity 7.2%, debt of 0.16 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is FUJIY from its 52-week high?
FUJIFILM Holdings Corp trades at $10.45, about 12% below its 52-week high of $11.92 and 21% above the low of $8.63 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $11.94 is for.
Which stocks are comparable to FUJIFILM Holdings Corp?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 FUJIFILM Holdings Corp stock attractive at the current price?
The data as of Nov 6, 2026: price $10.45, calculated fair value $11.94 (+14%), Quality Score 50/100, from 7 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 FUJIY calculated?
We run FUJIFILM Holdings Corp through 7 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $11.94 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. FUJIFILM Holdings Corp currently trades 12% 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 FUJIFILM Holdings Corp (FUJIY)?
The closing price on Nov 6, 2026 was $10.45. Our model-based fair value is $11.94, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FUJIFILM Holdings Corp right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of FUJIFILM Holdings Corp (FUJIY) come from?
Earnings per share at FUJIFILM Holdings Corp grew −2.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share −7.1 %, EBIT margin +3.6 %, tax rate +0.8 %, residual (interest, one-offs) +0.9 %. 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 FUJIFILM Holdings Corp
How large is the market capitalisation of FUJIFILM Holdings Corp (FUJIY)?
The market capitalisation of FUJIFILM Holdings Corp is $25.2B. 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 FUJIFILM Holdings Corp (FUJIY)?
The price-to-sales ratio of FUJIFILM Holdings Corp is 1.23 (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 FUJIFILM Holdings Corp (FUJIY)?
Earnings per share at FUJIFILM Holdings Corp are $0.7000 (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FUJIFILM Holdings Corp (FUJIY)?
The dividend yield of FUJIFILM Holdings Corp is 2.1% (payout 30.9%). 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 FUJIFILM Holdings Corp (FUJIY)?
The net margin of FUJIFILM Holdings Corp is 8.2% (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 FUJIFILM Holdings Corp (FUJIY)?
The return on equity (ROE) of FUJIFILM Holdings Corp is 7.2% (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 FUJIFILM Holdings Corp (FUJIY)?
On an EBIT basis the return on assets of FUJIFILM Holdings Corp is 5.8% (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 FUJIFILM Holdings Corp (FUJIY)?
The operating margin of FUJIFILM Holdings Corp is 6.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FUJIFILM Holdings Corp (FUJIY)?
Revenue at FUJIFILM Holdings Corp is growing +10.3% versus a year earlier (3y avg +7.6%). 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 FUJIFILM Holdings Corp (FUJIY)?
Earnings per share at FUJIFILM Holdings Corp are growing −30.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does FUJIFILM Holdings Corp (FUJIY) generate?
The free cash flow of FUJIFILM Holdings Corp is −¥118B (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 FUJIFILM Holdings Corp (FUJIY) carry?
The net debt of FUJIFILM Holdings Corp is ¥860B (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
Nov 6, 2026