Kajima Corporation (KAJMY) Fair Value & Analysis

Industrials · US · Market cap $17.2B

A solid business, screening 19% undervalued on our models.

What matters now

• A fairly wide model range ($22.48 to $56.42) leaves room in how you read the outcome.
• Our model range runs from $22.48 (bear) to $56.42 (bull), base $37.88. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 57/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $6.68 – $48.78 · fair‑value band $22.48 – $56.42 · the $31.73 price screens below the $37.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Kajima Corporation (KAJMY) currently trades at $31.73, while our model-based Fair Value estimate is $37.88, implying the stock looks roughly 19.4% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Kajima Corporation generated revenue of $3.1T at a net margin of 5.8%. Revenue grew 2.1% year over year. It earns a return on equity of 13.3%. Net debt stands at $432B. Fundamentals as of Jul 17, 2026

Our scenario range runs from $22.48 (bear case) to $56.42 (bull case); at $31.73, 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 35% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 19%, KAJMY 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: Multiples ($46.00) versus Asset-Based ($13.07). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Kajima Corporation engages in civil engineering, building construction, real estate development, architectural and civil design, and other businesses.

Full company description

Kajima Corporation engages in civil engineering, building construction, real estate development, architectural and civil design, and other businesses. It is involved in the construction of power stations, railways, roads, airports, and seaports, as well as water purification and wastewater treatment plants, steel works, and chemical production facilities; and research and development in various fields, including skyscrapers, nuclear power plants, long span bridges, and deep underground tunnels. It also offers specialized technologies and services for production and R&D facilities, logistic facilities, plant factories, cell culture facilities, and other applications; and develops and maintains social infrastructure using various technologies related to zero energy bildings, green infrastructure, soil and underground water remediation, water and sewer treatment facilities, and final disposal sites, as well as wind power generators, other renewable energy facilities, biomass utilization, and waste reduction. In addition, it provides design and construction; and engineering services. The company was founded in 1840 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kajima Corporation reported revenue of $3.3T in FY2026 versus $2.1T in FY2022, a compound +11.8%/yr. Reported net income was $188B in FY2026, compounding +16.0%/yr from FY2022.

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Peer Group

Engineering & Construction · 837 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 Engineering & Construction 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.