Inaba Denki Sangyo Co.Ltd. (IBADF) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Inaba Denki Sangyo Co.Ltd. stock $20.13, price $16.69, upside +20.6%, quality 52 out of 100. Rating: undervalued. 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 12, 2026.
How to read this chart
45‑month range $6.85 – $840,281 · fair‑value band $14.23 – $28.73 · the $16.69 price screens below the $20.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Inaba Denki Sangyo Co.,Ltd., together with its subsidiaries, sells electrical equipment and materials, industrial automation, and proprietary products in Japan and internationally.
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It supplies a range of products, including light fitting; air conditioning systems; distribution panels; other electric equipment, such as power sockets and wiring accessories; other electrical materials for buildings comprising houses, office buildings, and public facilities; and environmentally friendly products, which include solar photovoltaic systems and LED light fittings, as well as plans and sells JAPPY brand products.
The company also offers sensors; switches; relays; other control units; combinations of LCD devices; connectors; condensers; and other electrical components.
In addition, it develops pipe covers, insulated copper tubes, and other products for air conditioners under the INABA DENKO brand; multimedia-compatible wiring systems for newly built digital age residences under the ABANIACT brand; and provides LED status indicating lights, sound alarms, and visual and audible communication network systems and solutions under the PATLITE brand.
The company was founded in 1938 and is headquartered in Osaka, Japan.
Stock analysis
Inaba Denki Sangyo Co.Ltd. (IBADF) currently trades at $16.69, while our model-based Fair Value estimate is $20.13, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $27.20 per share, and 20 of the 26 models we run sit above the $16.69 price.
Bear case: the Asset-Based group reads lowest at $6.23, and 6 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $14.23 (bear) to $28.73 (bull), the price of $16.69 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 52/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Inaba Denki Sangyo Co.Ltd. reported revenue of ¥417B in FY2026 versus ¥289B in FY2022, a compound +9.6%/yr. Reported net income was ¥23.4B in FY2026, compounding +17.5%/yr from FY2022.
Key figures
Market cap $1.9B Small · P/E ratio 12.2 · P/S ratio 0.68 · EPS (TTM) $1.37 · Dividend yield 2.6% · Net margin 5.6% · Return on equity 14.0% · Return on assets (EBIT) 8.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −32% fair-value upside, at 21%, IBADF screens cheaper than that median.
Fair Value models
Bear$14.23Fair Value $20.13Bull$28.73
Price $16.69 · Upside +20.6%
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 ($0.5769 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
FCF DCF$16.57$23.76$34.4778
Growth DCF$16.63$23.54$33.5976
Residual Income$9.95$11.36$15.1076
All 26 models by family
DCF Models
FCF DCF$16.57$23.76$34.4778
Owner Earnings$16.76$24.07$34.9474
5Y Revenue Exit$17.77$26.94$38.8870
5Y EBITDA Exit$18.40$28.15$39.7672
5Y P/E Exit$20.29$31.80$44.2168
10Y Revenue Exit$16.74$24.89$36.3064
10Y EBITDA Exit$17.57$25.71$36.9666
10Y P/E Exit$18.75$28.19$40.3261
Earnings-Based
Graham-Dodd$8.88$31.64$42.6164
Lynch FV$10.35$14.79$19.2261
PEG = 1.0$10.35$14.79$19.2257
EPV$15.53$17.29$18.8068
Dividend Discount
Gordon GGM$5.41$10.52$15.5267
DDM Multi-Stage$5.41$9.22$11.1467
Multiples
P/E Multiple$20.57$27.42$34.2863
P/S Multiple$16.65$22.20$27.7558
P/B Multiple$36.79$49.05$61.3155
EV/EBIT$25.10$32.14$39.1863
EV/EBITDA$21.23$26.98$32.7364
EV/Revenue$19.05$25.51$31.9752
Asset-Based
NCAV (Graham)$4.11$6.23$7.7852
Growth DCF
Growth DCF$16.63$23.54$33.5976
Rev-Margin DCF$17.77$26.84$37.6570
Economic Profit
Residual Income$9.95$11.36$15.1076
ROIC Compounder$16.47$19.87$23.9770
Growth Earnings
Growth-Adj P/E$14.28$20.41$26.5367
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.77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.6%
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.
+9.6%
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.
+8.5%
Start year 2021 (pandemic)
Revenue growth 7 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.
+5.9%
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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.
+2.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)2.6%
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.6% → 7%
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).
−1.2%
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 −3.2% a year for the price.
Compare Inaba Denki Sangyo Co.Ltd. with another stock
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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.Industrial Distribution · 111 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+20.6% · Above median
Profitability
Return on equity (12 months)14.0% · Above median
Return on assets7.5% · Top 25%
Net margin (12 months)6.1% · Above median
Operating margin (12 months)9.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)29.3% · Top 25%
Dividend yield (12 months)2.6% · Above median
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
P/E (12 months)12.2× · Cheaper than median
P/B1.52× · Pricier than median
P/S (12 months)0.68× · Cheaper than median
Price / free cash flow (fiscal year)14.4× · Pricier than median
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Is Inaba Denki Sangyo Co.Ltd. (IBADF) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of $20.13 versus a price of $16.69, about +21% upside (undervalued).
What is the fair value of IBADF?
Our model-based fair value for Inaba Denki Sangyo Co.Ltd. is $20.13 (as of Nov 12, 2026), built from audited fundamentals. The current price: $16.69.
What is the quality score of IBADF?
Inaba Denki Sangyo Co.Ltd. has a Quality Score of 52/100. 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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
Our model-based price target is the fair value of $20.13 (as of Nov 12, 2026) from 26 valuation models. Cautious scenario $14.23, optimistic scenario $28.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Inaba Denki Sangyo Co.Ltd. stock forecast for 2026?
Our models put fair value at $20.13, about +21% upside versus a price of $16.69 (undervalued). Cautious scenario $14.23, optimistic scenario $28.73. The calculation is refreshed regularly with new filings.
What is the revenue of Inaba Denki Sangyo Co.Ltd. (IBADF)?
Inaba Denki Sangyo Co.Ltd. reported trailing-twelve-month revenue of about ¥443B (latest available figure, as of Nov 12, 2026).
Does Inaba Denki Sangyo Co.Ltd. pay a dividend?
Inaba Denki Sangyo Co.Ltd. currently shows a dividend yield of 2.63% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Inaba Denki Sangyo Co.Ltd. (IBADF) and when is the ex-dividend date?
Inaba Denki Sangyo Co.Ltd. pays a dividend of $0.438 per share a year, a dividend yield of 2.6%. The next ex-dividend date is Mar 30, 2027. The payout ratio is 33.6% of earnings. Free cash flow covers the dividend 2.65 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Inaba Denki Sangyo Co.Ltd. (IBADF)?
For today's price to be fair in a discounted-cash-flow model, Inaba Denki Sangyo Co.Ltd. would have to grow free cash flow by -1.2 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of IBADF use?
Our models discount Inaba Denki Sangyo Co.Ltd. at 9.8 %: a base by market capitalisation (small), damped by beta 0.34, 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 Inaba Denki Sangyo Co.Ltd. that is -1.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Inaba Denki Sangyo Co.Ltd. (IBADF) delivered so far?
Over the past 5 years revenue at Inaba Denki Sangyo Co.Ltd. grew +8.5 % a year. The price currently implies free-cash-flow growth of -1.2 % 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 Inaba Denki Sangyo Co.Ltd. (IBADF) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Inaba Denki Sangyo Co.Ltd. (-1.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Inaba Denki Sangyo Co.Ltd. (IBADF)?
The free-cash-flow yield on the price is 6.98 %: that much free cash flow Inaba Denki Sangyo Co.Ltd. produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Inaba Denki Sangyo Co.Ltd. (IBADF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Inaba Denki Sangyo Co.Ltd. it is $20.13 per share (as of Nov 12, 2026), against a price of $16.69. 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 Inaba Denki Sangyo Co.Ltd. stock overvalued or undervalued in 2026?
As of Nov 12, 2026, IBADF trades below its calculated fair value: price $16.69, fair value $20.13, a gap of about +21% (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 IBADF?
No. The price is what the market pays today ($16.69); the fair value is what the company's own numbers justify ($20.13). For Inaba Denki Sangyo Co.Ltd. the two are $3.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Inaba Denki Sangyo Co.Ltd. worth?
The market values Inaba Denki Sangyo Co.Ltd. at about $1.9B (market capitalisation, as of Nov 12, 2026). Per share that is $16.69; our models calculate a fair value of $20.13 per share.
What do the bullish and bearish scenarios say about IBADF?
Our models span a range for Inaba Denki Sangyo Co.Ltd.: cautious scenario $14.23, base $20.13, optimistic $28.73 per share (as of Nov 12, 2026, price $16.69). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IBADF?
Inaba Denki Sangyo Co.Ltd. trades at a price-to-earnings ratio of 12.2 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $20.13 is built from several models across several years. Other multiples: P/B 1.5, P/S 0.7, EV/EBITDA 6.7.
How solid is the balance sheet of Inaba Denki Sangyo Co.Ltd. (IBADF)?
Balance-sheet figures for Inaba Denki Sangyo Co.Ltd. (as of Nov 12, 2026): return on equity 14.0%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is IBADF from its 52-week high?
Inaba Denki Sangyo Co.Ltd. trades at $16.69, about 6% below its 52-week high of $17.81 and 69% above the low of $9.88 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $20.13 is for.
Which stocks are comparable to Inaba Denki Sangyo Co.Ltd.?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, 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 Inaba Denki Sangyo Co.Ltd. stock attractive at the current price?
The data as of Nov 12, 2026: price $16.69, calculated fair value $20.13 (+21%), Quality Score 52/100, 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 IBADF calculated?
We run Inaba Denki Sangyo Co.Ltd. 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 $20.13 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 14.0% above its aggregate fair value. Inaba Denki Sangyo Co.Ltd. currently trades 17% 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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
The closing price on Nov 11, 2026 was $16.69. Our model-based fair value is $20.13, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Inaba Denki Sangyo Co.Ltd. right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($14.23 to $28.73) leaves room in how you read the outcome.
Key figures of Inaba Denki Sangyo Co.Ltd.
How large is the market capitalisation of Inaba Denki Sangyo Co.Ltd. (IBADF)?
The market capitalisation of Inaba Denki Sangyo Co.Ltd. is $1.9B. 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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
The price-to-sales ratio of Inaba Denki Sangyo Co.Ltd. is 0.68 (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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
Earnings per share at Inaba Denki Sangyo Co.Ltd. are $1.37 (price ÷ EPS = P/E 12.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Inaba Denki Sangyo Co.Ltd. (IBADF)?
The dividend yield of Inaba Denki Sangyo Co.Ltd. is 2.6% (payout 32.0%). 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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
The net margin of Inaba Denki Sangyo Co.Ltd. is 5.6% (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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
The return on equity (ROE) of Inaba Denki Sangyo Co.Ltd. is 14.0% (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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
On an EBIT basis the return on assets of Inaba Denki Sangyo Co.Ltd. is 8.3% (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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
The operating margin of Inaba Denki Sangyo Co.Ltd. is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Inaba Denki Sangyo Co.Ltd. (IBADF)?
Revenue at Inaba Denki Sangyo Co.Ltd. is growing +29.3% versus a year earlier (3y avg +9.6%). 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 Inaba Denki Sangyo Co.Ltd. (IBADF)?
Earnings per share at Inaba Denki Sangyo Co.Ltd. are growing +71.9% versus a year earlier. How much earnings per share grew versus a year earlier.
Why does Inaba Denki Sangyo Co.Ltd. meet the fair value rule although the fair value shown is lower?
Dilution deducted: $23.68 → $20.13. The share count grew strongly in the last fiscal year, so each share is a smaller slice. We deduct for that: $20.13 instead of $23.68. As in the backtest, the fair value rule checks the value before: +42% against the price.
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Broad data
Nov 12, 2026