Hamamatsu Photonics K.K. (HPHTY) Fair Value & Analysis

Technology · US · Market cap $4.7B

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• A fairly wide model range ($4.70 to $8.60) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year. As of Jul 17, 2026.

How to read this chart

60‑month range $3.57 – $13.77 · fair‑value band $4.70 – $8.60 · the $7.22 price screens above the $6.53 fair value. As of Jul 17, 2026.

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Analysis

Hamamatsu Photonics K.K. (HPHTY) currently trades at $7.22, while our model-based Fair Value estimate is $6.53, implying the stock looks roughly 9.5% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Hamamatsu Photonics K.K. generated revenue of $218B at a net margin of 6.2%. Revenue grew 7.9% year over year. It earns a return on equity of 4.3%. The stock trades on a trailing P/E of 58.0. Fundamentals as of Jul 17, 2026

Our scenario range runs from $4.70 (bear case) to $8.60 (bull case); at $7.22, 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 24% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -10%, HPHTY 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.

Widest divergence: Growth Earnings ($4.17) versus Earnings-Based ($1.08). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Hamamatsu Photonics K.K. manufactures and sells photomultiplier tubes, imaging devices, light sources, opto-semiconductors, and imaging and analyzing systems in Japan and internationally. It operates through four segments: Electron Tube, Opto-Semiconductor, Imaging and Measurement Instruments, Laser, and Other.

Full company description

Hamamatsu Photonics K.K. manufactures and sells photomultiplier tubes, imaging devices, light sources, opto-semiconductors, and imaging and analyzing systems in Japan and internationally. It operates through four segments: Electron Tube, Opto-Semiconductor, Imaging and Measurement Instruments, Laser, and Other. The company offers optical sensors, including photodiodes, avalanche photodiodes, photo integrated circuits, multi-pixel photon counters, single-photon avalanche diodes, photomultiplier tubes, phototubes, image sensors, spectrometers, spectrum sensors, infrared detectors, ultraviolet and flame sensors, radiation and x-ray sensors, electron and ion sensors, distance and position sensors, and terahertz sensors. It also provides optical components, such as optical blocks, fiber optic plates, FAC lenses, collimating capillary lenses, capillary plates, flow cells, LCOS-SLM optical phase modulators, image splitting optics, MEMS mirrors, terahertz wave plates, porous transfer plates, photonic crystal fibers, and QPM optical modules. In addition, the company offers cameras, comprising qCMOS, CMOS, sCMOS, InGaAs, TDI, board-level CMOS, board-level TDI, x-ray line scan, x-ray TDI, x-ray CMOS cameras, as well as high-resolution x-ray imaging systems, and software. Further, it provides light and radiation sources, such as LEDs, lamps, lamp modules and units, UV-LED light sources, excimer lamp light sources, microfocus x-ray sources, soft x-ray sources, extreme ultraviolet and soft x-ray sources, laser-driven tunable light sources, laser-driven light sources, chromatiq spectral engines; lasers, including semiconductor, applied products of semiconductor, solid-state lasers, and laser-related products; and manufacturing support, semiconductor manufacturing support systems, photometry, life science, and medical systems. The company was formerly known as Hamamatsu TV Co., Ltd. Hamamatsu Photonics K.K. was incorporated in 1953 and is headquartered in Hamamatsu, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hamamatsu Photonics K.K. reported revenue of $212B in FY2025 versus $169B in FY2021, a compound +5.8%/yr. Reported net income was $14.2B in FY2025, compounding −13.2%/yr from FY2021.

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Peer Group

Electronic Components · 626 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.

Valuation Multiples vs Electronic Components median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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Frequently asked questions

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.