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Micronics Japan Co (MJPNF) Fair Value & Analysis

Technology · US · Market cap $3.4B

MJ Micronics Japan Co logo Micronics Japan Co MJPNF · US
Price$79.60
Fair Value$54.02
Upside-32.1%
Quality57/100
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Expensive Growth
Solidly profitable · 19.2% net margin
Low debt · negative free cash flow
0.68% dividend yield
Ranks above peers (8/10)
Wide moat 77/100
Evidence: Medium Range $40.52 – $67.53 Share as image

Fair value as of: Jul 17, 2026

From 14 valuation models · updated 24 days ago

Share price −8.4% over the past month.

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($67.53). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 years)

$102.65 $18.47 Fair Value $54.02 Feb 2024 Jul 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

30‑month range $18.47 – $102.65 · fair‑value band $40.52 – $67.53 · the $79.60 price screens above the $54.02 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Micronics Japan Co (MJPNF) currently trades at $79.60, while our model-based Fair Value estimate is $54.02, implying the stock looks roughly 32.1% overvalued today. The Quality Score stands at 57/100 (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, Micronics Japan Co generated revenue of $77.0B at a net margin of 19.2%. Revenue grew 25.8% year over year. It earns a return on equity of 24.2%. The stock trades on a trailing P/E of 44.6. Fundamentals as of Jul 17, 2026

Our scenario range runs from $40.52 (bear case) to $67.53 (bull case); at $79.60, 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 17% below its 52-week high and 331% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -32%, MJPNF 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 $12.25 $16.22 $55.97 76
ROIC Compounder $26.02 $36.68 $51.38 72
Growth-Adj P/E $45.31 $64.73 $84.14 68
All 14 models by family
Earnings-Based
Graham-Dodd $13.12 $91.49 $128.39 54
Lynch FV $30.06 $42.95 $55.83 50
PEG = 1.0 $30.06 $42.95 $55.83 46
EPV $21.15 $24.15 $26.74 59
Multiples
P/E Multiple $40.52 $54.02 $67.53 63
P/S Multiple $24.60 $32.80 $41.00 58
P/B Multiple $24.60 $32.80 $41.00 55
EV/EBIT $49.77 $65.65 $81.52 53
EV/EBITDA $49.73 $65.59 $81.45 54
EV/Revenue $26.23 $36.54 $46.86 43
Asset-Based
NCAV (Graham) $5.28 $7.08 $10.56 50
Economic Profit
Residual Income $12.25 $16.22 $55.97 76
ROIC Compounder $26.02 $36.68 $51.38 72
Growth Earnings
Growth-Adj P/E $45.31 $64.73 $84.14 68

Widest divergence: Growth Earnings ($64.73) versus Asset-Based ($7.08). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $77.0B
Revenue growth (YoY) +25.8%
Net margin 19.2%
Return on equity 24.2%
Free cash flow −$6.5B FY2025
P/E ratio 44.6
More key figures
Operating margin 19.6%
EPS (TTM) $1.95
Dividend yield 0.7%
EPS growth (YoY) +101%

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 66

Profitability 65
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 79
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

Micronics Japan Co., Ltd. develops, manufactures, and sells body measuring equipment, semiconductor, and liquid crystal display inspection equipment worldwide. It offers semiconductor products that include probe cards, wafer prober, accessories or options and maintenance parts, semiconductor test equipment, and test sockets.

Full company description

Micronics Japan Co., Ltd. develops, manufactures, and sells body measuring equipment, semiconductor, and liquid crystal display inspection equipment worldwide. It offers semiconductor products that include probe cards, wafer prober, accessories or options and maintenance parts, semiconductor test equipment, and test sockets. The company also provides probe units flat panel display products. The company was formerly known as Towa Electric Co., Ltd. and changed its name to Micronics Japan Co., Ltd. in April 1975. Micronics Japan Co., Ltd. was incorporated in 1970 and is headquartered in Musashino, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Micronics Japan Co reported revenue of $70.2B in FY2025 versus $40.0B in FY2021, a compound +15.1%/yr. Reported net income was $12.1B in FY2025, compounding +10.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$70.2B
Latest YoY
+26.1%
Avg. growth/yr (3Y)
+16.6%
Avg. growth/yr (5Y)
+17.3%
Revenue +15.1%/yr
FY21 $40.0B
FY22 $44.3B
FY23 $38.3B
FY24 $55.6B
FY25 $70.2B
Net income +10.0%/yr
FY21 $8.2B
FY22 $7.5B
FY23 $4.1B
FY24 $8.8B
FY25 $12.1B

MJPNF screens 32% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Micronics Japan Co Fair Value". https://www.fairvalue-calculator.com/stock/MJPNF

Peer Group

Semiconductor Equipment & Materials · 211 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 57 · Above median
Fair Value upside −32% · Above median
Return on equity (TTM) 24% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 20% · Above median
Revenue growth 26% · Above median
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 44.6× · 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 0 · sector 0
FUTURE 100 · sector 58
PAST 97 · sector 30
HEALTH 96 · sector 96
DIVIDEND 14 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Micronics Japan Co (MJPNF) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $54.02 versus a price of $79.60, about −32% (overvalued).
What is the fair value of MJPNF?
Our model-based fair value for Micronics Japan Co is $54.02 (as of Jul 17, 2026), built from audited fundamentals. The current price is $79.60.
What is the quality score of MJPNF?
Micronics Japan Co has a Quality Score of 57/100. 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 Micronics Japan Co (MJPNF)?
Micronics Japan Co reported trailing-twelve-month revenue of about $77.0B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MJPNF?
The net profit margin of Micronics Japan Co is about 19.2%, meaning it keeps roughly 19.2% of revenue as net income. Based on the latest reported figures.
Does Micronics Japan Co pay a dividend?
Micronics Japan Co currently shows a dividend yield of about 0.68% 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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