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Nippon Telegraph & Telephone Corp (NPPXF) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of Nippon Telegraph & Telephone Corp $0.76, price $1.00, upside -24.0%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Communication Services · US · Home Japan · ISIN JP3735400008

NT Nippon Telegraph & Telephone Corp logo Broad data Sep 23, 2026

Nippon Telegraph & Telephone Corp

NPPXF · US

Weak valuationQuality is weak on top of the rich price.

!Fair value $0.7600 · Overvalued (−24%)
!Quality 38/100
!Expensive Growth (revenue 5y +4.0 %/yr)
!Thin margins · 7.2% net margin (TTM)
!Moderate debt · negative free cash flow
·3.76% dividend yield
!Mixed vs. peers (8/14)
!Narrow moat 40/100
!Weak on valuation: 1 out of 100
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$1.23 $0.8381 Fair Value $0.7600 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $0.8381 – $1.23 · fair‑value band $0.6700 – $1.21 · the $1.00 price screens above the $0.7600 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 23, 2026.

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Company profile

NTT, Inc. operates as a telecommunications company in Japan and internationally. The company operates through the Comprehensive ICT Business, Regional Communications Business, Global Solutions Business, and Others segments.

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NTT, Inc. operates as a telecommunications company in Japan and internationally. The company operates through the Comprehensive ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. Its Comprehensive ICT Business segment offers mobile phone and fiber-optic broadband services; financial, content, and lifestyle services; and corporate communication services and solutions. This segment also engages in engineering, system development, and related businesses. The Regional Communications Business segment provides optical fiber services, corporate services, fixed-line telephone services, and related businesses. Its Global Solutions Business segment offers consulting, IT solutions, system and software development, and maintenance services. This segment is involved in port operations, data center operations, and related businesses. Its Others segment engages in real estate and construction, energy, and other businesses. The company was formerly known as Nippon Telegraph and Telephone Corporation and changed its name to NTT, Inc. in July 2025. NTT, Inc. was founded in 1952 and is headquartered in Chiyoda, Japan.

Stock analysis

Nippon Telegraph & Telephone Corp (NPPXF) currently trades at $1.00, while our model-based Fair Value estimate is $0.7600, implying the stock looks roughly 31.6% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $2.12 per share, and 9 of the 13 models we run sit above the $1.00 price.

Bear case: the DCF Models group reads lowest at $0.1269, and 4 of the 13 models stay below the price. Evidence for this calculation is high.

Scenario range: $0.6700 (bear) to $1.21 (bull), the price of $1.00 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 38/100 (below-average quality), in the Communication Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Nippon Telegraph & Telephone Corp reported revenue of ¥14.5T in FY2026 versus ¥12.2T in FY2022, a compound +4.5%/yr. Reported net income was ¥1.0T in FY2026, compounding −3.0%/yr from FY2022.

Key figures

Market cap $82.3B · P/E ratio 12.5 · P/S ratio 0.90 · EPS (TTM) $0.0800 · Dividend yield 3.8% · Net margin 7.2% · Return on equity 10.0% · Return on assets (EBIT) 7.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).

What moves the price

The share trades about 12% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at −24%, NPPXF screens richer than that median.

Fair Value models

Bear $0.6700 Fair Value $0.7600 Bull $1.21
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.
Highest evidence
Owner Earnings n/a $0.1269 $0.7367 73
EPV $0.4910 $0.7600 $0.9954 72
ROIC Compounder $0.4910 $0.7600 $0.9954 71
All 13 models by family
DCF Models
Owner Earnings n/a $0.1269 $0.7367 73
Earnings-Based
Graham-Dodd $0.8495 $1.50 $1.84 66
EPV $0.4910 $0.7600 $0.9954 72
Multiples
P/E Multiple $2.06 $2.75 $3.44 63
P/S Multiple $1.59 $2.12 $2.65 58
P/B Multiple $1.59 $2.12 $2.65 55
EV/EBIT $1.63 $2.55 $3.47 65
EV/EBITDA $2.89 $4.22 $5.56 67
EV/Revenue $0.9664 $1.86 $2.76 51
Asset-Based
NCAV (Graham) $0.5859 $0.7851 $1.17 54
Economic Profit
Residual Income $1.05 $1.18 $2.04 69
ROIC Compounder $0.4910 $0.7600 $0.9954 71
Growth Earnings
Growth-Adj P/E $1.45 $2.08 $2.70 67

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Quality Score breakdown

Overall quality 38/100

Of which business quality 37 · Market factors (momentum, volatility) 46

Profitability 27
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 98
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.8%
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.
+3.3%
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.
+4.0%
Start year 2021 (pandemic). Over 10 years: +2.3% a year
Revenue growth 31 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.
+2.9%
What shareholders gained per year (last 5 years), in JPY ⓘ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. 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.
+8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.0%
Dividend (yield on the price)3.8%
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.5% vs 6%, steady
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.14% → 13%
Start year 2021 (pandemic)

NPPXF screens 32% overvalued. Compare with China Mobile Limited →

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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.Telecom Services · 247 stocks

Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −29% · Below median
Profitability
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Below median
Growth and dividend
Revenue growth 9% · Above median
Dividend yield (TTM) 3.8% · Below median
Balance sheet
Debt / equity 1.16× · Highest 25%

Valuation Multiplesvs Telecom Services median · lower = cheaper

P/E (TTM) 12.5× · Cheaper than median
P/B 1.41× · Pricier than median
P/S (TTM) 0.96× · Cheaper than median
EV/EBITDA 6.3× · Cheaper than median
PEG 3.27× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)1 · sector 37
FUTURE (revenue growth)46 · sector 16
PAST (return on equity)40 · sector 29
HEALTH (low debt)42 · sector 83
DIVIDEND (yield)75 · sector 76

Context: sector, industry, market

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

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
China Mobile Limited 80941 HK$67.55 HK$123.20 +82%
Verizon Communications Inc VZ $47.32 $70.27 +48%
T-Mobile US, Inc TMUS $165.35 $272.88 +65%
AT&T Inc T $25.45 $51.11 +101%
Bharti Airtel Limited BHARTIARTL ₹1,796 ₹1,883 +5%
China Telecom Corporation 601728 ¥6.16 ¥8.36 +36%
América Móvil, S.A. AMX $22.03 $32.31 +47%
Singapore Telecommunications Limited Z77 4.32 SGD 2.13 SGD −51%
Swisscom AG SCMN CHF 657.00 CHF 505.18 −23%
Telstra Group TLS A$4.78 A$3.31 −31%

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Cite: Fair Value Calculator (2026). "Nippon Telegraph & Telephone Corp Fair Value". https://www.fairvalue-calculator.com/stock/NPPXF

Frequently asked questions

Is Nippon Telegraph & Telephone Corp (NPPXF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.7600 versus a price of $1.00, about −24% upside (overvalued).
What is the fair value of NPPXF?
Our model-based fair value for Nippon Telegraph & Telephone Corp is $0.7600 (as of Sep 23, 2026), built from audited fundamentals. The current price: $1.00.
What is the quality score of NPPXF?
Nippon Telegraph & Telephone Corp has a Quality Score of 38/100. 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 Nippon Telegraph & Telephone Corp (NPPXF)?
Our model-based price target is the fair value of $0.7600 (as of Sep 23, 2026) from 13 valuation models. Cautious scenario $0.6700, optimistic scenario $1.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Nippon Telegraph & Telephone Corp stock forecast for 2026?
Our models put fair value at $0.7600, about −24% upside versus a price of $1.00 (overvalued). Cautious scenario $0.6700, optimistic scenario $1.21. The calculation is refreshed regularly with new filings.
What is the revenue of Nippon Telegraph & Telephone Corp (NPPXF)?
Nippon Telegraph & Telephone Corp reported trailing-twelve-month revenue of about ¥14.4T (latest available figure, as of Sep 23, 2026).
Does Nippon Telegraph & Telephone Corp pay a dividend?
Nippon Telegraph & Telephone Corp currently shows a dividend yield of about 3.76% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Nippon Telegraph & Telephone Corp (NPPXF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nippon Telegraph & Telephone Corp it is $0.7600 per share (as of Sep 23, 2026), against a price of $1.00. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Nippon Telegraph & Telephone Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NPPXF trades above its calculated fair value: price $1.00, fair value $0.7600, a gap of about −24% (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 NPPXF?
No. The price is what the market pays today ($1.00); the fair value is what the company's own numbers justify ($0.7600). For Nippon Telegraph & Telephone Corp the two are $0.2400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nippon Telegraph & Telephone Corp worth?
The market values Nippon Telegraph & Telephone Corp at about $82.3B (market capitalisation, as of Sep 23, 2026). Per share that is $1.00; our models calculate a fair value of $0.7600 per share.
What do the bullish and bearish scenarios say about NPPXF?
Our models span a range for Nippon Telegraph & Telephone Corp: cautious scenario $0.6700, base $0.7600, optimistic $1.21 per share (as of Sep 23, 2026, price $1.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NPPXF?
Nippon Telegraph & Telephone Corp trades at a price-to-earnings ratio of 12.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.7600 is built from several models across several years. Other multiples: PEG 3.3, P/B 1.4, P/S 1.0, EV/EBITDA 6.3.
What is the PEG ratio of NPPXF?
The PEG ratio of Nippon Telegraph & Telephone Corp is 3.27 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nippon Telegraph & Telephone Corp (NPPXF)?
Balance-sheet figures for Nippon Telegraph & Telephone Corp (as of Sep 23, 2026): return on equity 10.0%, debt of 1.16 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is NPPXF from its 52-week high?
Nippon Telegraph & Telephone Corp trades at $1.00, about 12% below its 52-week high of $1.14 and 15% above the low of $0.8700 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.7600 is for.
Which stocks are comparable to Nippon Telegraph & Telephone Corp?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 Nippon Telegraph & Telephone Corp stock attractive at the current price?
The data as of Sep 23, 2026: price $1.00, calculated fair value $0.7600 (−24%), Quality Score 38/100, from 13 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 NPPXF calculated?
We run Nippon Telegraph & Telephone Corp through 13 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 $0.7600, 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 13.2 % above its aggregate fair value. Nippon Telegraph & Telephone Corp 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 Nippon Telegraph & Telephone Corp (NPPXF)?
The closing price on Sep 25, 2026 was $1.00. Our model-based fair value is $0.7600, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nippon Telegraph & Telephone Corp right now?
Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($0.6700 to $1.21) leaves room in how you read the outcome.
Where does the earnings growth of Nippon Telegraph & Telephone Corp (NPPXF) come from?
Earnings per share at Nippon Telegraph & Telephone Corp grew +8.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.0 %, EBIT margin +4.8 %, tax rate +0.8 %, residual (interest, one-offs) −2.3 %. 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 Nippon Telegraph & Telephone Corp

How large is the market capitalisation of Nippon Telegraph & Telephone Corp (NPPXF)?
The market capitalisation of Nippon Telegraph & Telephone Corp is $82.3B. 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 Nippon Telegraph & Telephone Corp (NPPXF)?
The price-to-sales ratio of Nippon Telegraph & Telephone Corp is 0.90 (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 Nippon Telegraph & Telephone Corp (NPPXF)?
Earnings per share at Nippon Telegraph & Telephone Corp are $0.0800 (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nippon Telegraph & Telephone Corp (NPPXF)?
The dividend yield of Nippon Telegraph & Telephone Corp is 3.8% (payout 47.0%). 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 Nippon Telegraph & Telephone Corp (NPPXF)?
The net margin of Nippon Telegraph & Telephone Corp is 7.2% (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 Nippon Telegraph & Telephone Corp (NPPXF)?
The return on equity (ROE) of Nippon Telegraph & Telephone Corp is 10.0% (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 Nippon Telegraph & Telephone Corp (NPPXF)?
On an EBIT basis the return on assets of Nippon Telegraph & Telephone Corp is 7.4% (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 Nippon Telegraph & Telephone Corp (NPPXF)?
The operating margin of Nippon Telegraph & Telephone Corp is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nippon Telegraph & Telephone Corp (NPPXF)?
Revenue at Nippon Telegraph & Telephone Corp is growing +9.1% versus a year earlier (3y avg +3.3%). 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 Nippon Telegraph & Telephone Corp (NPPXF)?
Earnings per share at Nippon Telegraph & Telephone Corp are growing −24.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nippon Telegraph & Telephone Corp (NPPXF) generate?
The free cash flow of Nippon Telegraph & Telephone Corp is −¥775B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nippon Telegraph & Telephone Corp (NPPXF) carry?
The net debt of Nippon Telegraph & Telephone Corp is ¥3.7T (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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