Hirogin Holdings, Inc. (HROGF) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of Hirogin Holdings, Inc. $13.59, price $6.82, upside +99.3%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
41‑month range $3.71 – $7.18 · fair‑value band $10.19 – $16.99 · the $6.82 price screens below the $13.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Hirogin Holdings, Inc. operates as a bank holding company for The Hiroshima Bank, Ltd. that provides various financial services. It operates in two segments, Banking Business segment and Leasing Business segment. The Banking Business segment offers deposit services, lending services, securities investment services, and foreign exchange services.
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Hirogin Holdings, Inc. operates as a bank holding company for The Hiroshima Bank, Ltd. that provides various financial services. It operates in two segments, Banking Business segment and Leasing Business segment. The Banking Business segment offers deposit services, lending services, securities investment services, and foreign exchange services. The Leasing Business segment includes leasing services. It is also involved in financial instruments business, receivables management and collection business, and IT-related businesses. The company was founded in 1878 and is headquartered in Hiroshima, Japan.
Stock analysis
Hirogin Holdings, Inc. (HROGF) currently trades at $6.82, while our model-based Fair Value estimate is $13.59, implying the stock looks roughly 49.8% undervalued today.
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Valuation
How firm this estimate is: it rests on 10 models at a data quality of 96/100, which puts the evidence level at medium.
Scenario range: $10.19 (bear) to $16.99 (bull), the price of $6.82 sits below 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 Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hirogin Holdings, Inc. reported revenue of ¥184B in FY2026 versus ¥129B in FY2022, a compound +9.3%/yr. Reported net income was ¥43.7B in FY2026, compounding +17.5%/yr from FY2022.
Key figures
Market cap $2.0B · P/E ratio 15.2 · P/S ratio 3.59 · EPS (TTM) $0.4500 · Dividend yield 4.8% · Net margin 23.7% · Return on equity 8.2% · Return on assets 0.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 9% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 99%, HROGF screens cheaper than that median.
Fair Value models
Bear $10.19Fair Value $13.59Bull $16.99
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.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.
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.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.9%
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.
+13.3%
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.
+12.7%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.4%
Dividend (yield on the price)4.8%
2026 sits 61% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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.Banks - Regional · 1076 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+99% · Top 25%
Profitability
Return on equity (TTM)8% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)23% · Below median
Operating margin (TTM)27% · Below median
Growth and dividend
Revenue growth32% · Top 25%
Dividend yield (TTM)4.8% · Top 25%
Valuation Multiplesvs Banks - Regional 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). "Hirogin Holdings, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/HROGF
Frequently asked questions
Is Hirogin Holdings, Inc. (HROGF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $13.59 versus the last price from Sep 18, 2026 of $6.82, about +99% upside (undervalued).
What is the fair value of HROGF?
Our model-based fair value for Hirogin Holdings, Inc. is $13.59 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 18, 2026): $6.82.
What is the quality score of HROGF?
Hirogin Holdings, Inc. 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 Hirogin Holdings, Inc. (HROGF)?
Our model-based price target is the fair value of $13.59 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario $10.19, optimistic scenario $16.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Hirogin Holdings, Inc. stock forecast for 2026?
Our models put fair value at $13.59, about +99% upside versus the last price from Sep 18, 2026 of $6.82 (undervalued). Cautious scenario $10.19, optimistic scenario $16.99. The calculation is refreshed regularly with new filings.
What is the revenue of Hirogin Holdings, Inc. (HROGF)?
Hirogin Holdings, Inc. reported trailing-twelve-month revenue of about ¥191B (latest available figure, as of Sep 24, 2026).
Does Hirogin Holdings, Inc. pay a dividend?
Hirogin Holdings, Inc. currently shows a dividend yield of about 4.80% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hirogin Holdings, Inc. (HROGF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hirogin Holdings, Inc. it is $13.59 per share (as of Sep 24, 2026), against a price of $6.82. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Hirogin Holdings, Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HROGF trades below its calculated fair value: price $6.82, fair value $13.59, a gap of about +99% (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 HROGF?
No. The price is what the market pays today ($6.82); the fair value is what the company's own numbers justify ($13.59). For Hirogin Holdings, Inc. the two are $6.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hirogin Holdings, Inc. worth?
The market values Hirogin Holdings, Inc. at about $2.0B (market capitalisation, as of Sep 24, 2026). Per share that is $6.82; our models calculate a fair value of $13.59 per share.
What do the bullish and bearish scenarios say about HROGF?
Our models span a range for Hirogin Holdings, Inc.: cautious scenario $10.19, base $13.59, optimistic $16.99 per share (as of Sep 24, 2026, price $6.82). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HROGF?
Hirogin Holdings, Inc. trades at a price-to-earnings ratio of 15.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.59 is built from several models across several years. Other multiples: P/B 0.6, P/S 1.7.
How solid is the balance sheet of Hirogin Holdings, Inc. (HROGF)?
Balance-sheet figures for Hirogin Holdings, Inc. (as of Sep 24, 2026): return on equity 8.2%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is HROGF from its 52-week high?
Hirogin Holdings, Inc. trades at $6.82, at its 52-week high of $6.82 and 9% above the low of $6.29 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $13.59 is for.
Which stocks are comparable to Hirogin Holdings, Inc.?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Hirogin Holdings, Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $6.82, calculated fair value $13.59 (+99%), Quality Score 55/100, from 4 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 HROGF calculated?
We run Hirogin Holdings, Inc. through 4 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 $13.59, 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 14.0 % above its aggregate fair value. Hirogin Holdings, Inc. currently trades 99 % 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 Hirogin Holdings, Inc. (HROGF)?
The latest price we hold is from Sep 18, 2026 and stands at $6.82. Our model-based fair value is $13.59, about +99% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hirogin Holdings, Inc. right now?
The price is below even our cautious bear case ($10.19). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Hirogin Holdings, Inc.
How large is the market capitalisation of Hirogin Holdings, Inc. (HROGF)?
The market capitalisation of Hirogin Holdings, Inc. is $2.0B. 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 Hirogin Holdings, Inc. (HROGF)?
The price-to-sales ratio of Hirogin Holdings, Inc. is 3.59 (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 Hirogin Holdings, Inc. (HROGF)?
Earnings per share at Hirogin Holdings, Inc. are $0.4500 (price ÷ EPS = P/E 15.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hirogin Holdings, Inc. (HROGF)?
The dividend yield of Hirogin Holdings, Inc. is 4.8% (payout 72.7%). 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 Hirogin Holdings, Inc. (HROGF)?
The net margin of Hirogin Holdings, Inc. is 23.7% (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 Hirogin Holdings, Inc. (HROGF)?
The return on equity (ROE) of Hirogin Holdings, Inc. is 8.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Hirogin Holdings, Inc. (HROGF)?
The return on assets (ROA) of Hirogin Holdings, Inc. is 0.4% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Hirogin Holdings, Inc. (HROGF)?
The operating margin of Hirogin Holdings, Inc. is 26.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hirogin Holdings, Inc. (HROGF)?
Revenue at Hirogin Holdings, Inc. is growing +32.2% versus a year earlier (3y avg +13.3%). 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 Hirogin Holdings, Inc. (HROGF)?
Earnings per share at Hirogin Holdings, Inc. are growing +59.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hirogin Holdings, Inc. (HROGF) generate?
The free cash flow of Hirogin Holdings, Inc. is −¥355B (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 Hirogin Holdings, Inc. (HROGF) carry?
The net debt of Hirogin Holdings, Inc. is ¥134B (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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Sep 24, 2026