GMO Internet (GMYOY) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of GMO Internet stock $42.41, price $40.08, upside +5.8%, quality 55 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. As of Nov 7, 2026.
How to read this chart
60‑month range $13.57 – $45.04 · fair‑value band $29.07 – $48.46 · the $40.08 price screens below the $42.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow GMO Internet Adr in your weekly email
Every Wednesday you see whether GMO Internet Adr is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
GMO internet group, Inc. provides various internet services in Japan and internationally. It operates through Internet Infrastructure Business, Internet Security Business, Internet Advertising and Media Business, Internet Financial Business, Crypto Asset Business, and Others Segments.
Show moreShow less
The company offers domain, hosting, cloud, payment processing, e-commerce support, EC platform, customer attraction support, provider, free WiFi, web development support, electronic contracts, financial services, AI, and robotics services; and SSL and encryption, brand security, and cybersecurity.
It also provides customer attraction support, startup support, user participation media, game platforms, games, research, SEO measures, and advertising support; online securities and FX trading; and online banking services.
In addition, the company offers business support and venture capital and art as well as engages in cryptocurrency trading and NFT marketplace-related activities. The company was formerly known as GMO Internet, Inc. and changed its name to GMO internet group, Inc. in September 2022.
GMO internet group, Inc. was incorporated in 1976 and is headquartered in Shibuya, Japan.
Stock analysis
GMO Internet (GMYOY) currently trades at $40.08, while our model-based Fair Value estimate is $42.41, so the stock looks roughly fairly valued today (gap 5.5%).
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of $63.98 per share, and 17 of the 26 models we run sit above the $40.08 price.
Bear case: the Dividend Discount group reads lowest at $4.49, and 9 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $29.07 (bear) to $48.46 (bull), the price of $40.08 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 55/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
GMO Internet Adr reported revenue of ¥285B in FY2025 versus ¥242B in FY2021, a compound +4.2%/yr. Reported net income was ¥16.7B in FY2025, compounding −1.1%/yr from FY2021.
Key figures
Market cap $1.5B Small · P/E ratio 20.6 · P/S ratio 1.21 · EPS (TTM) $1.95 · Net margin 5.9% · Return on equity 16.4% · Return on assets (EBIT) 2.6% (5-year average) · Operating margin 20.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 49% fair-value upside, at 6%, GMYOY screens richer than that median.
Fair Value models
Bear$29.07Fair Value $42.41Bull$48.46
Price $40.08 · Upside +5.8%
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 2025 figures (about 10 months old). Earnings retained since then ($1.68 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.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.2%
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.
+5.1%
Revenue growth 11 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.
+11.9%
’14
’15
’16
’17
’21
’22
’23
’24
’25
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.
+0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.9%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2025 ⓘ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.17% → 21%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+16.6%
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.
+6.2%
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 +14.2% a year for the price and +4.0% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Telecom Services · 248 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+5.8% · Above median
Profitability
Return on equity (12 months)16.4% · Above median
Return on assets0.7% · Below median
Net margin (12 months)5.9% · Below median
Operating margin (12 months)20.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.5% · Above median
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity3.05× · Highest 25%
Valuation Multiplesvs Telecom Services 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). "GMO Internet Adr Fair Value". https://www.fairvalue-calculator.com/stock/GMYOY
Frequently asked questions
Is GMO Internet (GMYOY) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $42.41 versus a price of $40.08, about +6% upside (fairly valued).
What is the fair value of GMYOY?
Our model-based fair value for GMO Internet is $42.41 (as of Nov 7, 2026), built from audited fundamentals. The current price: $40.08.
What is the quality score of GMYOY?
GMO Internet has a Quality Score of 55/100. 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 GMO Internet (GMYOY)?
Our model-based price target is the fair value of $42.41 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $29.07, optimistic scenario $48.46. It is a calculation from audited fundamentals, not an analyst target.
What is the GMO Internet Adr stock forecast for 2026?
Our models put fair value at $42.41, about +6% upside versus a price of $40.08 (fairly valued). Cautious scenario $29.07, optimistic scenario $48.46. The calculation is refreshed regularly with new filings.
What is the revenue of GMO Internet (GMYOY)?
GMO Internet reported trailing-twelve-month revenue of about ¥301B (latest available figure, as of Nov 7, 2026).
What growth is priced into GMO Internet (GMYOY)?
For today's price to be fair in a discounted-cash-flow model, GMO Internet would have to grow free cash flow by +16.6 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 8 years revenue grew +12.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of GMYOY use?
Our models discount GMO Internet at 10.0 %: a base by market capitalisation (small), damped by beta 0.56, 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 GMO Internet that is +16.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has GMO Internet (GMYOY) delivered so far?
Over the past 8 years revenue at GMO Internet grew +12.0 % a year. The price currently implies free-cash-flow growth of +16.6 % per 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 GMO Internet (GMYOY) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into GMO Internet (+16.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GMO Internet (GMYOY)?
The free-cash-flow yield on the price is 7.03 %: that much free cash flow GMO Internet produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GMO Internet (GMYOY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GMO Internet it is $42.41 per share (as of Nov 7, 2026), against a price of $40.08. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is GMO Internet Adr stock overvalued or undervalued in 2026?
As of Nov 7, 2026, GMYOY trades below its calculated fair value: price $40.08, fair value $42.41, a gap of about +6% (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 GMYOY?
No. The price is what the market pays today ($40.08); the fair value is what the company's own numbers justify ($42.41). For GMO Internet the two are $2.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is GMO Internet Adr worth?
The market values GMO Internet at about $1.5B (market capitalisation, as of Nov 7, 2026). Per share that is $40.08; our models calculate a fair value of $42.41 per share.
What do the bullish and bearish scenarios say about GMYOY?
Our models span a range for GMO Internet: cautious scenario $29.07, base $42.41, optimistic $48.46 per share (as of Nov 7, 2026, price $40.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GMYOY?
GMO Internet trades at a price-to-earnings ratio of 20.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $42.41 is built from several models across several years. Other multiples: P/B 2.3, P/S 0.8.
How solid is the balance sheet of GMO Internet (GMYOY)?
Balance-sheet figures for GMO Internet (as of Nov 7, 2026): return on equity 16.4%, debt of 3.05 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is GMYOY from its 52-week high?
GMO Internet trades at $40.08, at its 52-week high of $40.08 and 29% above the low of $31.11 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of $42.41 is for.
Which stocks are comparable to GMO Internet Adr?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 GMO Internet Adr stock attractive at the current price?
The data as of Nov 7, 2026: price $40.08, calculated fair value $42.41 (+6%), Quality Score 55/100, 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 GMYOY calculated?
We run GMO Internet through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $42.41 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 15.1% above its aggregate fair value. GMO Internet currently trades 5% 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 GMO Internet (GMYOY)?
The closing price on Nov 9, 2026 was $40.08. Our model-based fair value is $42.41, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GMO Internet Adr right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of GMO Internet
How large is the market capitalisation of GMO Internet (GMYOY)?
The market capitalisation of GMO Internet is $1.5B. 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 GMO Internet (GMYOY)?
The price-to-sales ratio of GMO Internet is 1.21 (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 GMO Internet (GMYOY)?
Earnings per share at GMO Internet are $1.95 (price ÷ EPS = P/E 20.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of GMO Internet (GMYOY)?
The net margin of GMO Internet is 5.9% (fiscal year 2025). 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 GMO Internet (GMYOY)?
The return on equity (ROE) of GMO Internet is 16.4% (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 GMO Internet (GMYOY)?
On an EBIT basis the return on assets of GMO Internet is 2.6% (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 GMO Internet (GMYOY)?
The operating margin of GMO Internet is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GMO Internet (GMYOY)?
Revenue at GMO Internet is growing +8.5% versus a year earlier (3y avg +5.1%). 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 GMO Internet (GMYOY)?
Earnings per share at GMO Internet are growing +7.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GMO Internet (GMYOY) carry?
The net debt of GMO Internet is ¥47.1B (fiscal year 2025, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch GMO Internet Adr in the live analysis
One click puts GMO Internet Adr on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 7, 2026