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Noritsu Koki Co (NKOKF) Fair Value & Analysis

Technology · US · Market cap $1.4B

NK Noritsu Koki Co logo Noritsu Koki Co NKOKF · US
Price$12.45
Fair Value$25.20
Upside+102.5%
Quality63/100
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Mixed Growth
Solidly profitable · 17.6% net margin
Low debt · generates free cash flow
3.62% dividend yield
Ranks above peers (9/11)
Moderate moat 50/100
Evidence: High Range $17.77 – $31.50 Share as image

Fair value as of: Jul 24, 2026

From 24 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from $25.61 to $25.20 (−1.6%) since Jun 25, 2026.

A solid business, screening 102% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($17.77). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

$822,340 $0.8248 Fair Value $25.20 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $0.8248 – $822,340 · fair‑value band $17.77 – $31.50 · the $12.45 price screens below the $25.20 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Noritsu Koki Co (NKOKF) currently trades at $12.45, while our model-based Fair Value estimate is $25.20, implying the stock looks roughly 102.5% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Noritsu Koki Co generated revenue of $57.4B at a net margin of 17.6%. Revenue declined 7.0% year over year. It earns a return on equity of 7.4%. Net debt stands at $57.5B. Fundamentals as of Jul 24, 2026

Our scenario range runs from $17.77 (bear case) to $31.50 (bull case); at $12.45, the current price sits below 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 8% below its 52-week high and 127% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -16% fair-value upside, at 102%, NKOKF 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
Growth DCF $17.13 $25.49 $40.66 80
Rev-Margin DCF $16.72 $28.70 $47.19 74
ROIC Compounder $12.32 $13.62 $15.68 72
All 24 models by family
DCF Models
FCF DCF $17.94 $24.22 $42.56 38
Owner Earnings $18.41 $33.06 $60.26 31
5Y Revenue Exit $16.72 $26.07 $44.85 39
5Y EBITDA Exit $22.76 $38.74 $68.91 41
5Y P/E Exit $21.52 $41.26 $67.41 38
10Y Revenue Exit $16.58 $29.09 $40.35 36
10Y EBITDA Exit $20.93 $40.18 $76.90 37
10Y P/E Exit $20.11 $37.90 $69.71 35
Earnings-Based
Graham-Dodd $6.12 $42.68 $59.90 54
Lynch FV $14.10 $20.14 $26.18 50
PEG = 1.0 $14.10 $20.14 $26.18 46
EPV $12.32 $13.35 $14.21 59
Multiples
P/E Multiple $18.90 $25.20 $31.50 63
P/S Multiple $11.48 $15.30 $19.13 58
P/B Multiple $11.48 $15.30 $19.13 55
EV/EBIT $26.31 $33.50 $40.69 53
EV/EBITDA $25.51 $32.43 $39.36 54
EV/Revenue $15.65 $20.32 $25.00 43
Asset-Based
NCAV (Graham) $6.57 $8.81 $13.15 50
Growth DCF
Growth DCF $17.13 $25.49 $40.66 80
Rev-Margin DCF $16.72 $28.70 $47.19 74
Economic Profit
Residual Income $9.97 $10.21 $10.06 61
ROIC Compounder $12.32 $13.62 $15.68 72
Growth Earnings
Growth-Adj P/E $21.21 $30.30 $39.39 68

Widest divergence: DCF Models ($33.06) versus Asset-Based ($8.81). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $57.4B
Revenue growth (YoY) -7.0%
Net margin 17.6%
Return on equity 7.4%
Free cash flow $17.0B FY2025
P/E ratio 15.2
More key figures
Operating margin 15.9%
EPS (TTM) $0.8900
Dividend yield 3.6%
EPS growth (YoY) -29.3%
Net debt $57.5B FY2021

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 52

Profitability 39
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 39
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

Noritsu Koki Co., Ltd., together with its subsidiaries, manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally.

Full company description

Noritsu Koki Co., Ltd., together with its subsidiaries, manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally. It offers DJ and club equipment, such as flat-top DJ CD players under the Pioneer DJ and AlphaTheta brands; and headphones and earbuds for sports, work, children, and gaming applications under the JLab brand. The company also provides pen nibs, cosmetics, and air freshener sticks; and metal parts for transportation and medical equipment. In addition, it offers personal technology products, such as web cameras and keyboards for remote working, as well as construction products and equipment, and related construction services. The company was founded in 1951 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Noritsu Koki Co reported revenue of $119B in FY2025 versus $54.5B in FY2021, a compound +21.6%/yr. Reported net income was $15.6B in FY2025, compounding +32.2%/yr from FY2021.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$119B
Latest YoY
+11.9%
Avg. growth/yr (3Y)
+17.5%
Avg. growth/yr (6Y)
+28.8%
Revenue +21.6%/yr
FY21 $54.5B
FY22 $73.5B
FY23 $90.1B
FY24 $107B
FY25 $119B
Net income +32.2%/yr
FY21 $5.1B
FY22 $102B
FY23 $10.2B
FY24 $16.1B
FY25 $15.6B

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Cite: Fair Value Calculator (2026). "Noritsu Koki Co Fair Value". https://www.fairvalue-calculator.com/stock/NKOKF

Peer Group

Consumer Electronics · 129 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 +103% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -7% · Below median
Dividend yield (TTM) 3.6% · Top 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than median
P/FCF 0.1× · 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 100 · sector 8
FUTURE 0 · sector 13
PAST 30 · sector 10
HEALTH 97 · sector 97
DIVIDEND 72 · sector 29

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 Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
Xiaomi Corporation 1810 HK$26.88 HK$39.84 +48%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%

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Frequently asked questions

Is Noritsu Koki Co (NKOKF) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $25.20 versus a price of $12.45, about +102% (undervalued).
What is the fair value of NKOKF?
Our model-based fair value for Noritsu Koki Co is $25.20 (as of Jul 24, 2026), built from audited fundamentals. The current price is $12.45.
What is the quality score of NKOKF?
Noritsu Koki Co 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 Noritsu Koki Co (NKOKF)?
Noritsu Koki Co reported trailing-twelve-month revenue of about $57.4B (latest available figure, as of Jul 24, 2026).
What is the net profit margin of NKOKF?
The net profit margin of Noritsu Koki Co is about 17.6%, meaning it keeps roughly 17.6% of revenue as net income. Based on the latest reported figures.
Does Noritsu Koki Co pay a dividend?
Noritsu Koki Co currently shows a dividend yield of about 3.62% relative to its recent price (as of Jul 24, 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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