EN DE

Maruwa Co (MAWAF) Fair Value & Analysis

Technology · US · Market cap $3.4B

MC Maruwa Co logo Maruwa Co MAWAF · US
Price$274.00
Fair Value$255.52
Upside-6.7%
Quality53/100
Watch Maruwa Co for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Highly profitable · 24.4% net margin
Low debt · negative free cash flow
Ranks above peers (8/9)
Wide moat 75/100
Evidence: Medium Range $191.64 – $319.40 Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 23 days ago

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.
  • Our model range runs from $191.64 (bear) to $319.40 (bull), base $255.52. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (22 months)

$307.74 $159.45 Fair Value $255.52 Sep 2024 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

22‑month range $159.45 – $307.74 · fair‑value band $191.64 – $319.40 · the $274.00 price screens above the $255.52 fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Maruwa Co (MAWAF) currently trades at $274.00, while our model-based Fair Value estimate is $255.52, implying the stock looks roughly 6.7% fairly valued today. The Quality Score stands at 53/100 (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: medium).

Over the trailing twelve months, Maruwa Co generated revenue of $74.5B at a net margin of 24.4%. Revenue grew 18.9% year over year. It earns a return on equity of 13.2%. The stock trades on a trailing P/E of 30.2. Fundamentals as of Jul 18, 2026

Our scenario range runs from $191.64 (bear case) to $319.40 (bull case); at $274.00, 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 11% below its 52-week high and 72% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -7%, MAWAF 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income $125.92 $148.34 $288.05 76
ROIC Compounder $242.77 $289.50 $343.25 72
Growth-Adj P/E $297.07 $424.39 $551.71 68
All 15 models by family
DCF Models
Owner Earnings $72.55 $78.46 $87.45 31
Earnings-Based
Graham-Dodd $114.81 $404.46 $544.16 54
Lynch FV $94.55 $135.07 $175.59 50
PEG = 1.0 $94.55 $135.07 $175.59 46
EPV $229.19 $255.52 $278.23 59
Multiples
P/E Multiple $354.56 $472.75 $590.93 63
P/S Multiple $215.27 $287.02 $358.78 58
P/B Multiple $215.27 $287.02 $358.78 55
EV/EBIT $480.36 $619.66 $758.96 53
EV/EBITDA $442.82 $569.61 $696.40 54
EV/Revenue $273.73 $364.27 $454.82 43
Asset-Based
NCAV (Graham) $68.44 $91.72 $136.89 50
Economic Profit
Residual Income $125.92 $148.34 $288.05 76
ROIC Compounder $242.77 $289.50 $343.25 72
Growth Earnings
Growth-Adj P/E $297.07 $424.39 $551.71 68

Widest divergence: Growth Earnings ($424.39) versus DCF Models ($78.46). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $74.5B
Revenue growth (YoY) +18.9%
Net margin 24.4%
Return on equity 13.2%
Free cash flow −$5.6B FY2026
P/E ratio 30.2
More key figures
Operating margin 35.5%
EPS (TTM) $9.07
EPS growth (YoY) +10.5%

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 62

Profitability 58
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 82
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

Maruwa Co.,Ltd. produces and sells ceramics and electronic parts in Japan and internationally. It operates through Ceramic Components Business and Lighting Equipment segments.

Full company description

Maruwa Co.,Ltd. produces and sells ceramics and electronic parts in Japan and internationally. It operates through Ceramic Components Business and Lighting Equipment segments. The company offers ceramics, including ceramic substrates and fillers, metalized/multilayer ceramic substrates, pressed ceramic products, ceramic hermetic seals, and ultra-high purity SiC components; and electronic components and devices, such as antennas, EMC and RF components, and capacitors. It also provides semiconductor products comprising quartz glass products, including quartz tubes and boats; and aluminum nitride components. In addition, the company offers LED lighting products comprising LED streetlights, LED tunnel lights, and LED landscape lights; and technical consultation services. Its products are used in automotive, telecommunications, semiconductors, industrial equipment, and lighting applications. The company was formerly known as Maruwa Ceramic Co., Ltd. and changed its name to Maruwa Co., Ltd. in 1999. Maruwa Co.,Ltd. was incorporated in 1973 and is headquartered in Owariasahi, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Maruwa Co reported revenue of $74.5B in FY2026 versus $54.3B in FY2022, a compound +8.2%/yr. Reported net income was $18.2B in FY2026, compounding +8.0%/yr from FY2022.

Growth Quality 59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
$74.5B
Latest YoY
+3.7%
Avg. growth/yr (3Y)
+8.2%
Avg. growth/yr (5Y)
+12.4%
Revenue +8.2%/yr
FY22 $54.3B
FY23 $58.8B
FY24 $61.6B
FY25 $71.8B
FY26 $74.5B
Net income +8.0%/yr
FY22 $13.4B
FY23 $15.0B
FY24 $15.2B
FY25 $19.2B
FY26 $18.2B

Watch MAWAF: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Maruwa Co Fair Value". https://www.fairvalue-calculator.com/stock/MAWAF

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.

Quality Score 53 · Below median
Fair Value upside −7% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 19% · Above median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 30.2× · Cheaper than median

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 24 · sector 0
FUTURE 95 · sector 32
PAST 53 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

Insider activity: 40/100

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

Compare Maruwa Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Maruwa Co (MAWAF) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $255.52 versus a price of $274.00, about −7% (fairly valued).
What is the fair value of MAWAF?
Our model-based fair value for Maruwa Co is $255.52 (as of Jul 18, 2026), built from audited fundamentals. The current price is $274.00.
What is the quality score of MAWAF?
Maruwa Co has a Quality Score of 53/100. 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 Maruwa Co (MAWAF)?
Maruwa Co reported trailing-twelve-month revenue of about $74.5B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MAWAF?
The net profit margin of Maruwa Co is about 24.4%, meaning it keeps roughly 24.4% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Maruwa Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.