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Kurita Water Industries Ltd (KTWIF) Fair Value & Analysis

Industrials · US · Market cap $5.7B

KW Kurita Water Industries Ltd logo Kurita Water Industries Ltd KTWIF · US
Price$52.75
Fair Value$19.20
Upside-63.6%
Quality63/100
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Mixed Growth
Thin margins · 4.0% net margin
Low debt · generates free cash flow
1.61% dividend yield
Ranks above peers (7/11)
Moderate moat 45/100
Evidence: High Range $14.40 – $24.00 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from $35.89 to $19.20 (−46.5%) since Jun 24, 2026. Share price −12.6% over the past month.

A solid business, but screening 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($24.00). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$60.37 $17.25 Fair Value $19.20 Jul 2015 Aug 2026

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 $17.25 – $60.37 · fair‑value band $14.40 – $24.00 · the $52.75 price screens above the $19.20 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Kurita Water Industries Ltd (KTWIF) currently trades at $52.75, while our model-based Fair Value estimate is $19.20, implying the stock looks roughly 63.6% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials 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, Kurita Water Industries Ltd generated revenue of $403B at a net margin of 4.0%. It earns a return on equity of 11.8%. Net debt stands at $37.1B. The stock trades on a trailing P/E of 23.3. Fundamentals as of Jul 17, 2026

Our scenario range runs from $14.40 (bear case) to $24.00 (bull case); at $52.75, the current price sits above 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 3% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -64%, KTWIF screens richer 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $19.80 $27.68 $38.36 80
Rev-Margin DCF $25.55 $40.92 $58.15 74
ROIC Compounder $22.55 $27.61 $33.66 72
All 24 models by family
DCF Models
FCF DCF $19.49 $28.33 $41.03 38
Owner Earnings $16.77 $24.28 $35.05 31
5Y Revenue Exit $25.55 $41.00 $60.66 39
5Y EBITDA Exit $37.05 $62.20 $91.37 41
5Y P/E Exit $16.15 $23.68 $31.38 38
10Y Revenue Exit $22.24 $35.53 $53.17 36
10Y EBITDA Exit $30.19 $49.80 $75.77 37
10Y P/E Exit $17.24 $23.86 $31.62 35
Earnings-Based
Graham-Dodd $6.22 $17.97 $23.71 54
Lynch FV $3.71 $5.30 $6.89 50
PEG = 1.0 $3.71 $5.30 $6.89 46
EPV $22.03 $25.27 $28.06 59
Multiples
P/E Multiple $14.40 $19.20 $24.00 63
P/S Multiple $11.66 $15.54 $19.43 58
P/B Multiple $11.66 $15.54 $19.43 55
EV/EBIT $43.39 $57.35 $71.31 53
EV/EBITDA $53.17 $70.39 $87.62 54
EV/Revenue $30.58 $43.05 $55.51 43
Asset-Based
NCAV (Graham) $9.77 $13.10 $19.55 50
Growth DCF
Growth DCF $19.80 $27.68 $38.36 80
Rev-Margin DCF $25.55 $40.92 $58.15 74
Economic Profit
Residual Income $14.62 $14.59 $13.43 61
ROIC Compounder $22.55 $27.61 $33.66 72
Growth Earnings
Growth-Adj P/E $11.61 $16.59 $21.57 68

Widest divergence: DCF Models ($28.33) versus Earnings-Based ($5.30). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $403B
Net margin 4.0%
Return on equity 11.8%
Free cash flow $29.8B FY2026
P/E ratio 23.3
Operating margin 14.5%
More key figures
EPS (TTM) $2.26
Dividend yield 1.6%
EPS growth (YoY) +13.0%
Net debt $37.1B FY2026

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 74

Profitability 37
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 96
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kurita Water Industries Ltd., together with its subsidiaries, provides water treatment solutions in Japan, rest of Asia, North and South America, Europe, the Middle East, and Africa. It operates through Electronics Industry and General Industry segments.

Full company description

Kurita Water Industries Ltd., together with its subsidiaries, provides water treatment solutions in Japan, rest of Asia, North and South America, Europe, the Middle East, and Africa. It operates through Electronics Industry and General Industry segments. The company offers boiler water, cooling water, and wastewater treatment chemicals; water and wastewater treatment systems; maintenance services; ultrapure water supply; engineering, chemical, and physical cleaning; precision tool cleaning and recycling; operation and maintenance of water treatment facilities; soil and groundwater remediation and survey; and analysis and consigned testing services. It also manufactures and sells water purifiers, softeners, filtration systems, water purifying faucets, faucets, pure water production equipment, and other products and services for commercial and household use. The company serves the electronics, pulp and paper, oil refining and petrochemical, iron and steel, automotive, food and beverage, office and commercial facilities, and power industries. Kurita Water Industries Ltd. was incorporated in 1949 and is headquartered in Nakano, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kurita Water Industries Ltd reported revenue of $405B in FY2026 versus $288B in FY2022, a compound +8.9%/yr. Reported net income was $16.1B in FY2026, compounding −3.4%/yr from FY2022.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
$405B
Latest YoY
−0.8%
Avg. growth/yr (3Y)
+5.6%
Avg. growth/yr (5Y)
+8.7%
Avg. growth/yr (21Y)
+4.5%
Revenue +8.9%/yr
FY22 $288B
FY23 $345B
FY24 $385B
FY25 $409B
FY26 $405B
Net income −3.4%/yr
FY22 $18.5B
FY23 $20.1B
FY24 $29.2B
FY25 $20.3B
FY26 $16.1B

KTWIF screens 64% overvalued. Compare with Veralto Corporation →

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Cite: Fair Value Calculator (2026). "Kurita Water Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/KTWIF

Peer Group

Pollution & Treatment Controls · 91 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.

Quality Score 63 · Top 25%
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 23.3× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 0 · sector 14
PAST 47 · sector 10
HEALTH 95 · sector 95
DIVIDEND 32 · sector 37

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥38.97 ¥5.73 -85%

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Frequently asked questions

Is Kurita Water Industries Ltd (KTWIF) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $19.20 versus a price of $52.75, about −64% (overvalued).
What is the fair value of KTWIF?
Our model-based fair value for Kurita Water Industries Ltd is $19.20 (as of Jul 17, 2026), built from audited fundamentals. The current price is $52.75.
What is the quality score of KTWIF?
Kurita Water Industries Ltd has a Quality Score of 63/100. 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 revenue of Kurita Water Industries Ltd (KTWIF)?
Kurita Water Industries Ltd reported trailing-twelve-month revenue of about $403B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of KTWIF?
The net profit margin of Kurita Water Industries Ltd is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Kurita Water Industries Ltd pay a dividend?
Kurita Water Industries Ltd currently shows a dividend yield of about 1.61% relative to its recent price (as of Jul 17, 2026).

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.

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