Nipro Corp (NPRRF) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of Nipro Corp stock $12.13, price $8.71, upside +39.3%, quality 54 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range $7.42 – $9.88 · fair‑value band $7.93 – $20.15 · the $8.71 price screens below the $12.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Nipro Corporation, together with its subsidiaries, engages in the medical devices, pharmaceuticals, and pharma packaging businesses.
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Its Medical Device business develops, manufactures, and sells medical equipment for injection-infusion and dialysis treatment, and products related to diabetes and cell cultures, as well as the sale of artificial organ-related products.
The company's Pharmaceutical business provides pharmaceutical combination products, including dual chamber bags, pre-filled syringes, and half-type kits; and contract manufacturing services for orally administered drugs, injectables, and external preparations, as well as logistic and distribution services.
Its Pharma Packaging business offers glass products and other comprehensive pharmaceutical packaging, such as glass vials, ampoules, and syringes; tube glass; and other parts of pharmaceutical packaging, such as rubber plugs, as well as provides glass for thermos bottles, and lighting and containers.
The company also offers business management services. It serves customers in Japan, the Americas, Europe, and rest of Asia. The company was founded in 1947 and is headquartered in Osaka, Japan.
Stock analysis
Nipro Corp (NPRRF) currently trades at $8.71, while our model-based Fair Value estimate is $12.13, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $27.94 per share, and 11 of the 15 models we run sit above the $8.71 price.
Bear case: the Dividend Discount group reads lowest at $2.24, and 4 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: $7.93 (bear) to $20.15 (bull), the price of $8.71 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 54/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nipro Corp reported revenue of ¥661B in FY2026 versus ¥495B in FY2022, a compound +7.5%/yr. Reported net income was ¥13.5B in FY2026, compounding +0.1%/yr from FY2022.
Key figures
Market cap $1.4B Small · P/E ratio 17.4 · P/S ratio 0.36 · EPS (TTM) $0.7100 · Dividend yield 1.7% · Net margin 2.0% · Return on equity 9.1% · Return on assets (EBIT) 2.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −12% fair-value upside, at 39%, NPRRF screens cheaper than that median.
Fair Value models
Bear$7.93Fair Value $12.13Bull$20.15
Price $8.71 · Upside +39.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.4377 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.5%
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.
+6.6%
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.
+7.7%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
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.
−3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.3%
Dividend (yield on the price)1.7%
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.6% → 6%
2026 sits 164% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
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).
+2.7%
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.
+4.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +0.6% a year for the price and +1.9% for the forecasts.
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.REIT - Residential · 41 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+39.3% · Top 25%
Profitability
Return on equity (12 months)9.1% · Above median
Return on assets1.1% · Below median
Net margin (12 months)3.1% · Below median
Operating margin (12 months)5.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)7.1% · Above median
Dividend yield (12 months)1.7% · Bottom 25%
Balance sheet
Debt / equity1.40× · Above median
Valuation Multiplesvs REIT - Residential 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). "Nipro Corp Fair Value". https://www.fairvalue-calculator.com/stock/NPRRF
Frequently asked questions
Is Nipro Corp (NPRRF) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $12.13 versus the last price from Oct 16, 2026 of $8.71, about +39% upside (undervalued).
What is the fair value of NPRRF?
Our model-based fair value for Nipro Corp is $12.13 (as of Nov 9, 2026), built from audited fundamentals. Last price (from Oct 16, 2026): $8.71.
What is the quality score of NPRRF?
Nipro Corp has a Quality Score of 54/100. 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 Nipro Corp (NPRRF)?
Our model-based price target is the fair value of $12.13 (as of Nov 9, 2026) from 16 valuation models. Cautious scenario $7.93, optimistic scenario $20.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Nipro Corp stock forecast for 2026?
Our models put fair value at $12.13, about +39% upside versus the last price from Oct 16, 2026 of $8.71 (undervalued). Cautious scenario $7.93, optimistic scenario $20.15. The calculation is refreshed regularly with new filings.
What is the revenue of Nipro Corp (NPRRF)?
Nipro Corp reported trailing-twelve-month revenue of about ¥484B (latest available figure, as of Nov 9, 2026).
Does Nipro Corp pay a dividend?
Nipro Corp currently shows a dividend yield of 1.67% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Nipro Corp (NPRRF)?
Nipro Corp has a dividend yield of 1.7%. A dividend has been paid every year since at least 2013. The payout ratio is 27.9% of earnings. Free cash flow covers the dividend 14.53 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Nipro Corp (NPRRF)?
For today's price to be fair in a discounted-cash-flow model, Nipro Corp would have to grow free cash flow by +2.7 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of NPRRF use?
Our models discount Nipro Corp at 9.8 %: a base by market capitalisation (small), damped by beta 0.49, 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 Nipro Corp that is +2.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Nipro Corp (NPRRF) delivered so far?
Over the past 5 years revenue at Nipro Corp grew +7.7 % a year. The price currently implies free-cash-flow growth of +2.7 % per 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.
What is the free cash flow yield of Nipro Corp (NPRRF)?
The free-cash-flow yield on the price is 24.17 %: that much free cash flow Nipro Corp produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nipro Corp (NPRRF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nipro Corp it is $12.13 per share (as of Nov 9, 2026), against a price of $8.71. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Nipro Corp stock overvalued or undervalued in 2026?
As of Nov 9, 2026, NPRRF trades below its calculated fair value: price $8.71, fair value $12.13, a gap of about +39% (undervalued). 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 NPRRF?
No. The price is what the market pays today ($8.71); the fair value is what the company's own numbers justify ($12.13). For Nipro Corp the two are $3.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nipro Corp worth?
The market values Nipro Corp at about $1.4B (market capitalisation, as of Nov 9, 2026). Per share that is $8.71; our models calculate a fair value of $12.13 per share.
What do the bullish and bearish scenarios say about NPRRF?
Our models span a range for Nipro Corp: cautious scenario $7.93, base $12.13, optimistic $20.15 per share (as of Nov 9, 2026, price $8.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NPRRF?
Nipro Corp trades at a price-to-earnings ratio of 17.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.13 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.5, EV/EBITDA 7.6.
How solid is the balance sheet of Nipro Corp (NPRRF)?
Balance-sheet figures for Nipro Corp (as of Nov 9, 2026): return on equity 9.1%, debt of 1.40 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is NPRRF from its 52-week high?
Nipro Corp trades at $8.71, about 12% below its 52-week high of $9.88 and 8% above the low of $8.06 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $12.13 is for.
Which stocks are comparable to Nipro Corp?
From the same area (Real Estate) we also value Essex Property Trust, Inc, Invitation Homes, Sun Communities, Inc, Mid-America Apartment Communities, 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 Nipro Corp stock attractive at the current price?
The data as of Nov 9, 2026: price $8.71, calculated fair value $12.13 (+39%), Quality Score 54/100, from 16 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 NPRRF calculated?
We run Nipro Corp through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $12.13 builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Nipro Corp currently trades 28% below its own fair value, and the market average says nothing about that. 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 Nipro Corp (NPRRF)?
The latest price we hold is from Oct 16, 2026 and stands at $8.71. Our model-based fair value is $12.13, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nipro Corp right now?
Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($7.93 to $20.15) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Nipro Corp
How large is the market capitalisation of Nipro Corp (NPRRF)?
The market capitalisation of Nipro Corp is $1.4B. 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 Nipro Corp (NPRRF)?
The price-to-sales ratio of Nipro Corp is 0.36 (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 Nipro Corp (NPRRF)?
Earnings per share at Nipro Corp are $0.7100 (price ÷ EPS = P/E 17.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nipro Corp (NPRRF)?
The dividend yield of Nipro Corp is 1.7% (payout 20.5%). 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 Nipro Corp (NPRRF)?
The net margin of Nipro Corp is 2.0% (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 Nipro Corp (NPRRF)?
The return on equity (ROE) of Nipro Corp is 9.1% (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 Nipro Corp (NPRRF)?
On an EBIT basis the return on assets of Nipro Corp is 2.3% (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 Nipro Corp (NPRRF)?
The operating margin of Nipro Corp is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nipro Corp (NPRRF)?
Revenue at Nipro Corp is growing +7.1% versus a year earlier (3y avg +6.6%). 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 Nipro Corp (NPRRF)?
Earnings per share at Nipro Corp are growing −25.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nipro Corp (NPRRF) carry?
The net debt of Nipro Corp is ¥515B (fiscal year 2026, ≈ 9.4 yrs of FCF). 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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Broad data
Nov 9, 2026