Gunze Limited (GUN) fair value: what the stock is really worth
As of Oct 13, 2026: fair value of Gunze Limited €9.87, price €23.00, upside -57.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 0 of the last 22 trading days (30 days) had any turnover. On the other days the price is an indicative quote without trading, so we do not list this stock in the radar. It stays reachable through search.
GLSome dataOct 1, 2026
Gunze Limited
GUN · F
Stretched ValuationStrong overvaluation with only moderate quality.
Our calculation puts a fair price 57% below what the stock costs today.
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 1, 2026.
How to read this chart
60‑month range €10.28 – €24.47 · fair‑value band €9.13 – €10.99 · the €23.00 price screens above the €9.87 fair value. Dashed = 300-day average. As of Oct 1, 2026.
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Gunze Limited engages in the apparel, lifestyle creations, functional solutions, and medical materials businesses in japan and internationally.
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Gunze Limited engages in the apparel, lifestyle creations, functional solutions, and medical materials businesses in japan and internationally. It offers plastic films comprising shrink films, flexible multilayer sheets, functional and multilayer film tubing, OPP films, and nylon films, as well as consulting services related to comprehensive package system; engineering plastics, such as fluoro resin heat-shrinkable tubes, thin-walled fluoro resin tubes, fiber products, and seamless belts; and medical materials consisting of bioabsorbable surgical suture threads, bone fixation devices, artificial dura mater, artificial dermis, adhesion barrier sheet, absorbable reinforcement felt, helmet, and medical stockings. The company also provides equipment for packaging and film wrapping, post-press of printing, and pharmaceuticals and cosmetics, as well as equipment for dairy, beverage, and food products; and threads and accessories, such as sewing threads for clothing, industrial materials, and automotive applications. In addition, the company offers innerwear, legwear, and lifestyle wear under the BODY WILD, YG, SEEK, KIREILABO, Tuché, Sai, Kaiteki Kobo, COOLMAGIC, HOTMAGIC, MediCure, SABRINA, and KAIMIN NAVI brands. The company is involved in leasing of shopping complexes, housing, and office buildings; developing and operating commercial facilities; operating Gunze sports clubs, fitness, junior schools, and school education; sales of plant materials and nursery trees, flowers, and gardening products; and offers technology, equipment, and funds needed for energy conservation, as well as thermal insulation materials and solar power generation systems. The company was formerly known as Gunze Silk Manufacturing Co., Ltd. and changed its name to Gunze Limited in 1967. Gunze Limited was incorporated in 1896 and is headquartered in Kita, Japan.
Stock analysis
Gunze Limited (GUN) currently trades at €23.00, while our model-based Fair Value estimate is €9.87, 57.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €23.21 per share, and 6 of the 23 models we run sit above the €23.00 price.
Bear case: the Growth Earnings group reads lowest at €1.52, and 17 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: €9.13 (bear) to €10.99 (bull), the price of €23.00 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 56/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Gunze Limited reported revenue of ¥131B in FY2026 versus ¥124B in FY2022, a compound +1.3%/yr. Reported net income was ¥509M in FY2026, compounding −35.5%/yr from FY2022.
Key figures
Market cap €721M · P/E ratio 254.2 · P/S ratio 0.99 · EPS (TTM) €0.0900 · Dividend yield 3.6% · Net margin 0.4% · Return on equity 4.2% · Return on assets (EBIT) 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −15% fair-value upside, at −57%, GUN screens richer than that median.
Fair Value models
Bear €9.13Fair Value €9.87Bull €10.99
Price €23.00 · Upside -57.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF€26.12€33.79€46.6781
Growth DCF€26.94€34.21€45.4980
5Y EBITDA Exit€21.42€29.09€39.2676
All 23 models by family
DCF Models
FCF DCF€26.12€33.79€46.6781
5Y Revenue Exit€16.05€19.80€25.1974
5Y EBITDA Exit€21.42€29.09€39.2676
5Y P/E Exit€12.66€13.94€15.5772
10Y Revenue Exit€20.20€23.21€26.1568
10Y EBITDA Exit€23.35€28.45€33.6870
10Y P/E Exit€18.49€19.89€20.9965
Earnings-Based
Graham-Dodd€0.6200€0.7600€0.860067
EPV€4.36€4.84€5.2374
Dividend Discount
Gordon GGM€8.82€9.50€10.5369
DDM Multi-Stage€8.82€10.50€12.6667
Multiples
P/E Multiple€1.51€2.01€2.5263
P/S Multiple€1.17€1.56€1.9558
P/B Multiple€1.17€1.56€1.9555
EV/EBIT€12.70€16.66€20.6166
EV/EBITDA€20.58€27.16€33.7467
EV/Revenue€8.84€12.26€15.6954
Asset-Based
NCAV (Graham)€10.06€13.48€20.1354
Growth DCF
Growth DCF€26.94€34.21€45.4980
Rev-Margin DCF€16.05€20.47€26.2174
Economic Profit
Residual Income€12.84€11.85€11.0876
ROIC Compounder€4.36€4.84€5.2372
Growth Earnings
Growth-Adj P/E€1.07€1.52€1.9867
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−4.5%
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.
−1.3%
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.
+1.1%
Start year 2021 (pandemic). Over 10 years: −0.5% a year
Revenue growth 12 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.
−0.7%
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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.
−34.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−37.5%
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.−37.5% vs −20.7%, 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.4% → 4%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 8.2%/yr over ~7Y (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.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−7.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −9.8% a year for the price.
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.Apparel Manufacturing · 213 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−56.7% · Bottom 25%
Profitability
Return on equity (TTM)4.2% · Below median
Return on assets2.7% · Below median
Net margin (TTM)3.6% · Below median
Operating margin (TTM)10.8% · Above median
Growth and dividend
Revenue growth−2.7% · Below median
Dividend yield (TTM)3.6% · Above median
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (TTM)254.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 32
FUTURE (revenue growth)0· sector 20
PAST (return on equity)17· sector 22
HEALTH (low debt)98· sector 98
DIVIDEND (yield)71· sector 61
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). "Gunze Limited Fair Value". https://www.fairvalue-calculator.com/stock/GUN.F
Frequently asked questions
Is Gunze Limited (GUN) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of €9.87 versus a price of €23.00, about −57% upside (overvalued).
What is the fair value of GUN?
Our model-based fair value for Gunze Limited is €9.87 (as of Oct 1, 2026), built from audited fundamentals. The current price: €23.00.
What is the quality score of GUN?
Gunze Limited has a Quality Score of 56/100. 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 Gunze Limited (GUN)?
Our model-based price target is the fair value of €9.87 (as of Oct 1, 2026) from 23 valuation models. Cautious scenario €9.13, optimistic scenario €10.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Gunze Limited stock forecast for 2026?
Our models put fair value at €9.87, about −57% upside versus a price of €23.00 (overvalued). Cautious scenario €9.13, optimistic scenario €10.99. The calculation is refreshed regularly with new filings.
What is the revenue of Gunze Limited (GUN)?
Gunze Limited reported trailing-twelve-month revenue of about ¥130B (latest available figure, as of Oct 1, 2026).
Does Gunze Limited pay a dividend?
Gunze Limited currently shows a dividend yield of about 3.55% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Gunze Limited (GUN)?
For today's price to be fair in a discounted-cash-flow model, Gunze Limited would have to grow free cash flow by -7.9 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.2 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of GUN use?
Our models discount Gunze Limited at 9.7 %: a base by market capitalisation (small), damped by beta 0.52, country premium for Germany. 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 Gunze Limited that is -7.9 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Gunze Limited (GUN) delivered so far?
Over the past 5 years revenue at Gunze Limited grew +1.2 % a year. The price currently implies -7.9 % per year free-cash-flow growth a 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 Gunze Limited (GUN) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Gunze Limited (-7.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gunze Limited (GUN)?
The free-cash-flow yield on the price is 13.56 %: that much free cash flow Gunze Limited produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gunze Limited (GUN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gunze Limited it is €9.87 per share (as of Oct 1, 2026), against a price of €23.00. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Gunze Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, GUN trades above its calculated fair value: price €23.00, fair value €9.87, a gap of about −57% (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 GUN?
No. The price is what the market pays today (€23.00); the fair value is what the company's own numbers justify (€9.87). For Gunze Limited the two are €13.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gunze Limited worth?
The market values Gunze Limited at about €721M (market capitalisation, as of Oct 1, 2026). Per share that is €23.00; our models calculate a fair value of €9.87 per share.
What do the bullish and bearish scenarios say about GUN?
Our models span a range for Gunze Limited: cautious scenario €9.13, base €9.87, optimistic €10.99 per share (as of Oct 1, 2026, price €23.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GUN?
Gunze Limited trades at a price-to-earnings ratio of 254.2 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €9.87 is built from several models across several years.
How solid is the balance sheet of Gunze Limited (GUN)?
Balance-sheet figures for Gunze Limited (as of Oct 1, 2026): return on equity 4.2%, debt of 0.05 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is GUN from its 52-week high?
Gunze Limited trades at €23.00, about 6% below its 52-week high of €24.47 and 20% above the low of €19.20 (as of Oct 13, 2026). Distance from the high says nothing about value: that is what the fair value of €9.87 is for.
Which stocks are comparable to Gunze Limited?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 Gunze Limited stock attractive at the current price?
The data as of Oct 1, 2026: price €23.00, calculated fair value €9.87 (−57%), Quality Score 56/100, from 23 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 GUN calculated?
We run Gunze Limited through 23 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 €9.87, 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 14.5 % above its aggregate fair value. Gunze Limited 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 Gunze Limited (GUN)?
The closing price on Oct 13, 2026 was €23.00. Our model-based fair value is €9.87, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gunze Limited right now?
The price sits above even our optimistic bull case (€10.99). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Gunze Limited
How large is the market capitalisation of Gunze Limited (GUN)?
The market capitalisation of Gunze Limited is €721M. 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 Gunze Limited (GUN)?
The price-to-sales ratio of Gunze Limited is 0.99 (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 Gunze Limited (GUN)?
Earnings per share at Gunze Limited are €0.0900 (price ÷ EPS = P/E 254.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gunze Limited (GUN)?
The dividend yield of Gunze Limited is 3.6%. 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 Gunze Limited (GUN)?
The net margin of Gunze Limited is 0.4% (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 Gunze Limited (GUN)?
The return on equity (ROE) of Gunze Limited is 4.2% (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 Gunze Limited (GUN)?
On an EBIT basis the return on assets of Gunze Limited is 3.8% (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 Gunze Limited (GUN)?
The operating margin of Gunze Limited is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gunze Limited (GUN)?
Revenue at Gunze Limited is growing −2.7% versus a year earlier (3y avg −1.3%). 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 Gunze Limited (GUN)?
Earnings per share at Gunze Limited are growing +36.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Gunze Limited (GUN) carry?
The net debt of Gunze Limited is ¥4.5B (fiscal year 2026, ≈ 0.3 yrs of FCF). 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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