Furukawa Electric Co Ltd (FUWAY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Furukawa Electric Co Ltd stock $1.30, price $9.04, upside -85.6%, quality 43 out of 100. Rating: strongly overvalued. 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 3, 2026.
How to read this chart
60‑month range $5.73 – $190.30 · fair‑value band $0.9945 – $1.90 · the $9.04 price screens above the $1.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Furukawa Electric Co., Ltd. manufactures and sells communications, energy, automotive and batteries products, and electronic components worldwide. It operates through Infrastructure, Electrical and Electronic, Functional Products, and Services and Developments segments.
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The company offers telecommunications products, such as broadband systems, routers/network equipment, industrial infrastructure systems, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials.
It also offers energy products, including power cables, cable-related equipment/connection and terminal products, industrial machine-related equipment, fire-prevention products, electrical conductors, power distribution products, and cable conduit materials; and automobile products comprising wire harnesses, connectors, functional products and materials, and interior finishing materials.
In addition, the company provides electronics parts materials, fluorescent lamps, LED reflectors, and tapes, as well as healthcare products, such as shape memory/super-elastic alloys; construction products, including water distribution piping and fluid transport piping products, heat insulators, and cable-related equipment/connection and terminal products, as well as power distribution and fire-prevention products; superconducting cables; detection solutions for internal medical devices; and maintenance/inspection support solutions for roadside equipment.
Furukawa Electric Co., Ltd. was founded in 1884 and is headquartered in Chiyoda, Japan.
Stock analysis
Furukawa Electric Co Ltd (FUWAY) currently trades at $9.04, while our model-based Fair Value estimate is $1.30, 85.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $5.70 per share, and 0 of the 15 models we run sit above the $9.04 price.
Bear case: the Dividend Discount group reads lowest at $0.4900, and 15 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: $0.9945 (bear) to $1.90 (bull), the price of $9.04 sits above 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 43/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Furukawa Electric Co Ltd ADR reported revenue of ¥1.4T in FY2026 versus ¥930B in FY2022, a compound +10.5%/yr. Reported net income was ¥76.9B in FY2026, compounding +66.1%/yr from FY2022.
Key figures
Market cap $12.7B Large · P/E ratio 27.4 · P/S ratio 1.52 · EPS (TTM) $0.3300 · Dividend yield 0.4% · Net margin 5.5% · Return on equity 22.6% · Return on assets (EBIT) 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 95% below its 52-week high and 7% above its 52-week low.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −86%, FUWAY screens richer than that median.
Fair Value models
Bear$0.9945Fair Value $1.30Bull$1.90
Price $9.04 · Upside -85.6%
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 7 months old). Earnings retained since then ($0.1862 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
Owner Earnings$1.04$1.54$2.2476
Residual Income$2.11$2.57$3.5576
EPV$1.18$1.41$1.6174
All 15 models by family
DCF Models
Owner Earnings$1.04$1.54$2.2476
Earnings-Based
Graham-Dodd$2.37$4.81$6.0666
EPV$1.18$1.41$1.6174
Dividend Discount
Gordon GGM$0.3500$0.5000$0.650069
DDM Multi-Stage$0.3500$0.4900$0.640067
Multiples
P/E Multiple$5.49$7.31$9.1463
P/S Multiple$4.44$5.92$7.4058
P/B Multiple$6.01$8.02$10.0255
EV/EBIT$2.73$4.03$5.3365
EV/EBITDA$3.83$5.50$7.1767
EV/Revenue$1.61$2.80$4.0052
Asset-Based
NCAV (Graham)$0.8900$1.19$1.7854
Economic Profit
Residual Income$2.11$2.57$3.5576
ROIC Compounder$1.18$1.41$1.6172
Growth Earnings
Growth-Adj P/E$3.99$5.70$7.4167
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.4%
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.
+9.1%
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.
+11.3%
Start year 2021 (pandemic). Over 10 years: +4.7% 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.
+2.8%
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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.
−4.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.3%
Dividend (yield on the price)0.4%
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.−5.3% vs −2.6%, 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.1% → 5%
AI conclusion: The business gains from Lightera tripling subsea optical fiber capacity to serve AI data center demand, yet remains limited by negative free cash flow, thin margins and exposure to slower cycles in energy and automotive.
Main risk: Capital intensity in the optical fiber expansion keeps returns muted and would hit margins together with free cash flow generation across the wider electrical equipment operations.
Furukawa Electric's affiliate Lightera is tripling subsea optical fiber capacity in Europe and the US by 2029 to serve surging AI data center demand. At the same time its wider electrical equipment operations remain exposed to slower cycles in energy infrastructure and automotive. Will the optical push deliver enough margin lift to offset those pressures, or will capital intensity keep returns muted?
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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.Electrical Equipment & Parts · 554 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−85.6% · Bottom 25%
Profitability
Return on equity (12 months)22.6% · Top 25%
Return on assets7.2% · Top 25%
Net margin (12 months)6.5% · Above median
Operating margin (12 months)7.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)24.3% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)27.4× · Cheaper than median
P/B4.76× · Priciest 25%
P/S (12 months)1.45× · Cheaper than median
EV/EBITDA16.6× · Pricier than median
PEG1.96× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)90· sector 26
HEALTH (low debt)83· sector 97
DIVIDEND (yield)9· sector 23
VALUE 0: the price sits above our fair-value range.
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). "Furukawa Electric Co Ltd ADR Fair Value". https://www.fairvalue-calculator.com/stock/FUWAY
Frequently asked questions
Is Furukawa Electric Co Ltd (FUWAY) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $1.30 versus a price of $9.04, about −86% upside (overvalued).
What is the fair value of FUWAY?
Our model-based fair value for Furukawa Electric Co Ltd ADR is $1.30 (as of Oct 3, 2026), built from audited fundamentals. The current price: $9.04.
What is the quality score of FUWAY?
Furukawa Electric Co Ltd ADR has a Quality Score of 43/100. 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 Furukawa Electric Co Ltd (FUWAY)?
Our model-based price target is the fair value of $1.30 (as of Oct 3, 2026) from 15 valuation models. Cautious scenario $0.9945, optimistic scenario $1.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Furukawa Electric Co Ltd ADR stock forecast for 2026?
Our models put fair value at $1.30, about −86% upside versus a price of $9.04 (overvalued). Cautious scenario $0.9945, optimistic scenario $1.90. The calculation is refreshed regularly with new filings.
What is the revenue of Furukawa Electric Co Ltd (FUWAY)?
Furukawa Electric Co Ltd ADR reported trailing-twelve-month revenue of about ¥1.4T (latest available figure, as of Oct 3, 2026).
Does Furukawa Electric Co Ltd ADR pay a dividend?
Furukawa Electric Co Ltd ADR currently shows a dividend yield of 0.44% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Furukawa Electric Co Ltd (FUWAY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Furukawa Electric Co Ltd ADR it is $1.30 per share (as of Oct 3, 2026), against a price of $9.04. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Furukawa Electric Co Ltd ADR stock overvalued or undervalued in 2026?
As of Oct 3, 2026, FUWAY trades above its calculated fair value: price $9.04, fair value $1.30, a gap of about −86% (overvalued). 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 FUWAY?
No. The price is what the market pays today ($9.04); the fair value is what the company's own numbers justify ($1.30). For Furukawa Electric Co Ltd ADR the two are $7.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Furukawa Electric Co Ltd ADR worth?
The market values Furukawa Electric Co Ltd ADR at about $12.7B (market capitalisation, as of Oct 3, 2026). Per share that is $9.04; our models calculate a fair value of $1.30 per share.
What do the bullish and bearish scenarios say about FUWAY?
Our models span a range for Furukawa Electric Co Ltd ADR: cautious scenario $0.9945, base $1.30, optimistic $1.90 per share (as of Oct 3, 2026, price $9.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FUWAY?
Furukawa Electric Co Ltd ADR trades at a price-to-earnings ratio of 27.4 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.30 is built from several models across several years. Other multiples: PEG 2.0, P/B 4.8, P/S 1.4, EV/EBITDA 16.6.
What is the PEG ratio of FUWAY?
The PEG ratio of Furukawa Electric Co Ltd ADR is 1.96 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Furukawa Electric Co Ltd (FUWAY)?
Balance-sheet figures for Furukawa Electric Co Ltd ADR (as of Oct 3, 2026): return on equity 22.6%, debt of 0.34 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is FUWAY from its 52-week high?
Furukawa Electric Co Ltd ADR trades at $9.04, about 95% below its 52-week high of $190.30 and 7% above the low of $8.47 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $1.30 is for.
Which stocks are comparable to Furukawa Electric Co Ltd ADR?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv 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 Furukawa Electric Co Ltd ADR stock attractive at the current price?
The data as of Oct 3, 2026: price $9.04, calculated fair value $1.30 (−86%), Quality Score 43/100, from 15 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 FUWAY calculated?
We run Furukawa Electric Co Ltd ADR through 15 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 $1.30, 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. Furukawa Electric Co Ltd 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 Furukawa Electric Co Ltd (FUWAY)?
The closing price on Oct 22, 2026 was $9.04. Our model-based fair value is $1.30, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Furukawa Electric Co Ltd ADR right now?
The price sits above even our optimistic bull case ($1.90). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.9945 to $1.90) leaves room in how you read the outcome.
Where does the earnings growth of Furukawa Electric Co Ltd (FUWAY) come from?
Earnings per share at Furukawa Electric Co Ltd ADR grew −1.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share −10.9 %, EBIT margin +0.6 %, tax rate +0.5 %, residual (interest, one-offs) +8.9 %. 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 Furukawa Electric Co Ltd ADR
How large is the market capitalisation of Furukawa Electric Co Ltd (FUWAY)?
The market capitalisation of Furukawa Electric Co Ltd ADR is $12.7B. 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 Furukawa Electric Co Ltd (FUWAY)?
The price-to-sales ratio of Furukawa Electric Co Ltd ADR is 1.52 (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 Furukawa Electric Co Ltd (FUWAY)?
Earnings per share at Furukawa Electric Co Ltd ADR are $0.3300 (price ÷ EPS = P/E 27.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Furukawa Electric Co Ltd (FUWAY)?
The dividend yield of Furukawa Electric Co Ltd ADR is 0.4% (payout 12.1%). 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 Furukawa Electric Co Ltd (FUWAY)?
The net margin of Furukawa Electric Co Ltd ADR is 5.5% (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 Furukawa Electric Co Ltd (FUWAY)?
The return on equity (ROE) of Furukawa Electric Co Ltd ADR is 22.6% (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 Furukawa Electric Co Ltd (FUWAY)?
On an EBIT basis the return on assets of Furukawa Electric Co Ltd ADR is 3.0% (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 Furukawa Electric Co Ltd (FUWAY)?
The operating margin of Furukawa Electric Co Ltd ADR is 7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Furukawa Electric Co Ltd (FUWAY)?
Revenue at Furukawa Electric Co Ltd ADR is growing +24.3% versus a year earlier (3y avg +9.1%). 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 Furukawa Electric Co Ltd (FUWAY)?
Earnings per share at Furukawa Electric Co Ltd ADR are growing +332% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Furukawa Electric Co Ltd (FUWAY) generate?
The free cash flow of Furukawa Electric Co Ltd ADR is −¥19.1B (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 Furukawa Electric Co Ltd (FUWAY) carry?
The net debt of Furukawa Electric Co Ltd ADR is ¥261B (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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Oct 3, 2026