Mitsubishi UFJ Financial Group Inc (MUFG) fair value: what the stock is really worth
We calculate from audited financials what Mitsubishi UFJ Financial Group Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 17, 2026.
How to read this chart
60‑month range $3.90 – $24.13 · fair‑value band $15.26 – $25.44 · the $23.13 price screens above the $20.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 17, 2026.
Mitsubishi UFJ Financial Group, Inc. operates as a bank holding company that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally.
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Mitsubishi UFJ Financial Group, Inc. operates as a bank holding company that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Services, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets. The company offers commercial banking, trust banking, and securities products and services to retail and small-and medium-sized enterprise customers. It also provides mergers and acquisitions, debt and equity issuance, financial advice, and real estate-related services; credit cards; and trust banking and securities products and services, as well as engages in the lending, fund settlement, inheritance, asset management, business and asset succession solutions, and foreign exchange businesses. In addition, the company offers corporate banking services, such as project finance, export credit agency finance, and financing through asset-backed commercial paper; investment and transaction banking services for corporations, financial institutions, sovereign and multinational organizations, and institutional investors; and asset management and investor services, including pension fund management and administration, pension structure advisory, payments to beneficiaries, and investment trust services for retail customers. Further, it provides loans, deposits, fund transfers, hedging, and investment services, as well as corporate customers; finances for automotive and consumer goods; sells and trades in fixed-income instruments, currencies, equities, and equities; offers investment products comprising mutual funds, structured bonds, and notes; originates and distributes of financial products; and provides insurance and treasury services. Mitsubishi UFJ Financial Group, Inc. was founded in 1880 and is headquartered in Tokyo, Japan.
Stock analysis
Mitsubishi UFJ Financial Group Inc ADR (MUFG) currently trades at $23.13, while our model-based Fair Value estimate is $20.35, implying the stock looks roughly 13.6% overvalued today.
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Valuation
How firm this estimate is: it rests on 26 models at a data quality of 96/100, which puts the evidence level at medium.
Scenario range: $15.26 (bear) to $25.44 (bull), the price of $23.13 sits inside 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 67/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Mitsubishi UFJ Financial Group Inc ADR reported revenue of ¥14.2T in FY2026 versus ¥5.2T in FY2022, a compound +28.4%/yr. Reported net income was ¥2.6T in FY2026, compounding +22.8%/yr from FY2022.
Key figures
Market cap $263B · P/E ratio 17.7 · P/S ratio 3.19 · EPS (TTM) $1.31 · Dividend yield 2.6% · Net margin 18.1% · Return on equity 9.4% · Return on assets (EBIT) 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 80% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at −12%, MUFG screens cheaper than that median.
Fair Value models
Bear $15.26Fair Value $20.35Bull $25.44
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.7%
Revenue growth 35 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
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What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+31.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.4%
Dividend (yield on the price)2.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.30% vs 13%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 25%
2026 sits 81% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−9.3%
Yearly sales growth analysts expect, extended to five years.
Compare Mitsubishi UFJ Financial Group Inc ADR with another stock
Price, fair value, quality and upside side by side.
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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.Banks - Diversified · 47 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside−15% · Above median
Profitability
Return on equity (TTM)9% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)26% · Bottom 25%
Operating margin (TTM)117% · Top 25%
Growth and dividend
Revenue growth12% · Above median
Dividend yield (TTM)2.6% · Below median
Balance sheet
Debt / equity1.18× · Above median
Valuation Multiplesvs Banks - Diversified median · lower = cheaper
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). "Mitsubishi UFJ Financial Group Inc ADR Fair Value". https://www.fairvalue-calculator.com/stock/MUFG
Frequently asked questions
Is Mitsubishi UFJ Financial Group Inc (MUFG) overvalued or undervalued?
As of Sep 17, 2026, our model estimates a fair value of $20.35 versus a price of $23.13, about −12% upside (overvalued).
What is the fair value of MUFG?
Our model-based fair value for Mitsubishi UFJ Financial Group Inc ADR is $20.35 (as of Sep 17, 2026), built from audited fundamentals. The current price: $23.13.
What is the quality score of MUFG?
Mitsubishi UFJ Financial Group Inc ADR has a Quality Score of 67/100. 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 price target for Mitsubishi UFJ Financial Group Inc (MUFG)?
Our model-based price target is the fair value of $20.35 (as of Sep 17, 2026) from 4 valuation models. Cautious scenario $15.26, optimistic scenario $25.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Mitsubishi UFJ Financial Group Inc ADR stock forecast for 2026?
Our models put fair value at $20.35, about −12% upside versus a price of $23.13 (overvalued). Cautious scenario $15.26, optimistic scenario $25.44. The calculation is refreshed regularly with new filings.
What is the revenue of Mitsubishi UFJ Financial Group Inc (MUFG)?
Mitsubishi UFJ Financial Group Inc ADR reported trailing-twelve-month revenue of about ¥8.5T (latest available figure, as of Sep 17, 2026).
Does Mitsubishi UFJ Financial Group Inc ADR pay a dividend?
Mitsubishi UFJ Financial Group Inc ADR currently shows a dividend yield of about 2.64% relative to its recent price (as of Sep 17, 2026).
What growth is priced into Mitsubishi UFJ Financial Group Inc (MUFG)?
For today's price to be fair in a discounted-cash-flow model, Mitsubishi UFJ Financial Group Inc ADR would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 7.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.7 % per year. As of Sep 17, 2026.
What discount rate (WACC) does the fair value of MUFG use?
Our models discount Mitsubishi UFJ Financial Group Inc ADR at 7.6 %: a base by market capitalisation (mega), damped by beta 0.31, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mitsubishi UFJ Financial Group Inc ADR that is less than minus 40 % per year a year over ten years, using the same discount rate (7.6 %) and the same formula as our fair value.
How much growth has Mitsubishi UFJ Financial Group Inc (MUFG) delivered so far?
Over the past 5 years revenue at Mitsubishi UFJ Financial Group Inc ADR grew +21.7 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mitsubishi UFJ Financial Group Inc (MUFG) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Mitsubishi UFJ Financial Group Inc ADR (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mitsubishi UFJ Financial Group Inc (MUFG)?
The free-cash-flow yield on the price is 19.57 %: that much free cash flow Mitsubishi UFJ Financial Group Inc ADR produces per unit of market value. When it exceeds the discount rate of our models (7.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mitsubishi UFJ Financial Group Inc (MUFG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mitsubishi UFJ Financial Group Inc ADR it is $20.35 per share (as of Sep 17, 2026), against a price of $23.13. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Mitsubishi UFJ Financial Group Inc ADR stock overvalued or undervalued in 2026?
As of Sep 17, 2026, MUFG trades above its calculated fair value: price $23.13, fair value $20.35, a gap of about −12% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MUFG?
No. The price is what the market pays today ($23.13); the fair value is what the company's own numbers justify ($20.35). For Mitsubishi UFJ Financial Group Inc ADR the two are $2.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mitsubishi UFJ Financial Group Inc ADR worth?
The market values Mitsubishi UFJ Financial Group Inc ADR at about $263B (market capitalisation, as of Sep 17, 2026). Per share that is $23.13; our models calculate a fair value of $20.35 per share.
What do the bullish and bearish scenarios say about MUFG?
Our models span a range for Mitsubishi UFJ Financial Group Inc ADR: cautious scenario $15.26, base $20.35, optimistic $25.44 per share (as of Sep 17, 2026, price $23.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MUFG?
Mitsubishi UFJ Financial Group Inc ADR trades at a price-to-earnings ratio of 17.7 (as of Sep 17, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $20.35 is built from several models across several years. Other multiples: PEG 1.9.
What is the PEG ratio of MUFG?
The PEG ratio of Mitsubishi UFJ Financial Group Inc ADR is 1.86 (P/E divided by earnings growth, as of Sep 17, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Mitsubishi UFJ Financial Group Inc (MUFG)?
Balance-sheet figures for Mitsubishi UFJ Financial Group Inc ADR (as of Sep 17, 2026): return on equity 9.4%, debt of 1.18 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is MUFG from its 52-week high?
Mitsubishi UFJ Financial Group Inc ADR trades at $23.13, about 16% below its 52-week high of $19.88 and 80% above the low of $12.84 (as of Sep 17, 2026). Distance from the high says nothing about value: that is what the fair value of $20.35 is for.
Which stocks are comparable to Mitsubishi UFJ Financial Group Inc ADR?
From the same area (Financial Services) we also value JPMorgan Chase & Co, Bank of America Corporation, China Construction Bank Corporation, Industrial and Commercial Bank of China Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mitsubishi UFJ Financial Group Inc ADR stock attractive at the current price?
The data as of Sep 17, 2026: price $23.13, calculated fair value $20.35 (−12%), Quality Score 67/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MUFG calculated?
We run Mitsubishi UFJ Financial Group Inc ADR through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $20.35, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Mitsubishi UFJ Financial Group Inc ADR itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mitsubishi UFJ Financial Group Inc (MUFG)?
The closing price on Sep 18, 2026 was $23.13. Our model-based fair value is $20.35, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mitsubishi UFJ Financial Group Inc ADR right now?
Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Mitsubishi UFJ Financial Group Inc (MUFG) come from?
Earnings per share at Mitsubishi UFJ Financial Group Inc ADR grew +10.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +13.0 %, EBIT margin −3.4 %, tax rate +0.9 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Mitsubishi UFJ Financial Group Inc ADR
How large is the market capitalisation of Mitsubishi UFJ Financial Group Inc (MUFG)?
The market capitalisation of Mitsubishi UFJ Financial Group Inc ADR is $263B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mitsubishi UFJ Financial Group Inc (MUFG)?
The price-to-sales ratio of Mitsubishi UFJ Financial Group Inc ADR is 3.19 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mitsubishi UFJ Financial Group Inc (MUFG)?
Earnings per share at Mitsubishi UFJ Financial Group Inc ADR are $1.31 (price ÷ EPS = P/E 17.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mitsubishi UFJ Financial Group Inc (MUFG)?
The dividend yield of Mitsubishi UFJ Financial Group Inc ADR is 2.6% (payout 46.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mitsubishi UFJ Financial Group Inc (MUFG)?
The net margin of Mitsubishi UFJ Financial Group Inc ADR is 18.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mitsubishi UFJ Financial Group Inc (MUFG)?
The return on equity (ROE) of Mitsubishi UFJ Financial Group Inc ADR is 9.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mitsubishi UFJ Financial Group Inc (MUFG)?
On an EBIT basis the return on assets of Mitsubishi UFJ Financial Group Inc ADR is 0.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mitsubishi UFJ Financial Group Inc (MUFG)?
The operating margin of Mitsubishi UFJ Financial Group Inc ADR is 117% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mitsubishi UFJ Financial Group Inc (MUFG)?
Revenue at Mitsubishi UFJ Financial Group Inc ADR is growing +11.7% versus a year earlier (3y avg +19.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mitsubishi UFJ Financial Group Inc (MUFG)?
Earnings per share at Mitsubishi UFJ Financial Group Inc ADR are growing +8.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Mitsubishi UFJ Financial Group Inc (MUFG) hold?
Mitsubishi UFJ Financial Group Inc ADR holds more cash than debt, ¥12.9T net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Sep 17, 2026