Mitsubishi Heavy Industries, Ltd (MHVIY) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Mitsubishi Heavy Industries, Ltd $4.86, price $12.35, upside -60.7%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Mitsubishi Heavy Industries, Ltd
MHVIY · USStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
27‑month range $4.50 – $16.61 · fair‑value band $3.65 – $6.08 · the $12.35 price screens above the $4.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Company profile
Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through four segments: Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments.
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Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through four segments: Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, engine power plants, and oil and gas production plants, as well as distributed power for total energy solutions and fuel cells; civil aircrafts and aeroengines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and MHI launch services, rocket engines, human spaceflight and exploration related equipment, rocket launch facility, rocket engine combustion test facility, and satellite/components. It also provides cruise ships and ferries, LNG and LPG carrier, commercial and special purpose ships, marine machinery, marine boiler, marine turbine, marine solution, marine high speed engines, and marine structures, as well as engineering business; transportation and intelligent transport systems; logistics and material handling machinery; and environment products. In addition, the company offers rubber and tire machinery, turbochargers, car air-conditioning and refrigeration systems, testing equipment, and engine; printing machinery, paper converting machinery, metals machinery, compressors and mechanical turbines, hydraulic components, particle accelerator, pumps, air-conditioning and refrigeration systems, carrier systems, special systems, food and packaging machinery, and testing equipment; and control systems, gas holder, vibration control systems, water pipes, tunnel excavation machinery, and data center. Further, it provides living and leisure; defense products comprising special vehicles, naval ship and maritime systems, defense aircraft, helicopter, defense aeroengine, guided weapon systems, and cybersecurity; and engineering products. The company was founded in 1884 and is headquartered in Chiyoda, Japan.
Stock analysis
Mitsubishi Heavy Industries, Ltd (MHVIY) currently trades at $12.35, while our model-based Fair Value estimate is $4.86, 60.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $5.10 per share, and 0 of the 24 models we run sit above the $12.35 price.
Bear case: the Dividend Discount group reads lowest at $0.9700, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $3.65 (bear) to $6.08 (bull), the price of $12.35 sits above 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.
Mitsubishi Heavy Industries, Ltd reported revenue of ¥4.4T in FY2026 versus ¥3.9T in FY2022, a compound +3.1%/yr. Reported net income was ¥245B in FY2026, compounding +21.3%/yr from FY2022.
Key figures
Market cap $83.5B · P/E ratio 56.1 · P/S ratio 3.16 · EPS (TTM) $0.2200 · Dividend yield 0.4% · Net margin 5.6% · Return on equity 14.8% · Return on assets (EBIT) 4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −61%, MHVIY screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 45
Revenue & earnings trend
Growth Forecast
MHVIY screens overvalued: fair value 61% below the price. Compare with GE Vernova Inc →
Compare Mitsubishi Heavy Industries, Ltd with another stock
Price, fair value, quality and upside side by side.
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.Specialty Industrial Machinery · 809 stocks
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $957.63 | $142.61 | −85% |
| SIE SIE | €278.30 | €150.42 | −46% |
| Eaton Corporation ETN | $439.98 | $173.12 | −61% |
| Parker-Hannifin Corporation PH | $978.33 | $494.81 | −49% |
| Emerson Electric Co EMR | $158.23 | $62.54 | −60% |
| Illinois Tool Works Inc ITW | $274.32 | $153.33 | −44% |
| Cummins Inc CMI | $525.06 | $359.11 | −32% |
| AMETEK, Inc AME | $250.74 | $125.77 | −50% |
| Rockwell Automation, Inc ROK | $434.15 | $139.31 | −68% |
| Sandvik AB SAND | kr 378.00 | kr 193.59 | −49% |
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Frequently asked questions
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Key figures of Mitsubishi Heavy Industries, Ltd
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