Nintendo Co (NTDOY) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Nintendo Co $18.21, price $12.43, upside +46.5%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 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 28, 2026.
How to read this chart
60‑month range $7.82 – $22.82 · fair‑value band $12.85 – $25.11 · the $12.43 price screens below the $18.21 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 28, 2026.
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Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It offers home console gaming hardware, software, accessories, and other products. The company also provides various services, such as Nintendo Switch Online; and services and content.
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Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It offers home console gaming hardware, software, accessories, and other products. The company also provides various services, such as Nintendo Switch Online; and services and content. In addition, it offers develop IP, including video content and mobile apps. The company was formerly known as Nintendo Playing Card Co., Ltd. and changed its name to Nintendo Co., Ltd. in 1963. Nintendo Co., Ltd. was founded in 1889 and is headquartered in Kyoto, Japan.
Stock analysis
Nintendo Co ADR (NTDOY) currently trades at $12.43, while our model-based Fair Value estimate is $18.21, implying the stock looks roughly 31.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $12.22 per share, and 5 of the 24 models we run sit above the $12.43 price.
Bear case: the Asset-Based group reads lowest at $2.74, and 19 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $12.85 (bear) to $25.11 (bull), the price of $12.43 sits below 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 73/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nintendo Co ADR reported revenue of ¥2.5T in FY2026 versus ¥1.7T in FY2022, a compound +9.7%/yr. Reported net income was ¥450B in FY2026, compounding −1.5%/yr from FY2022.
Key figures
Market cap $57.8B · P/E ratio 21.4 · P/S ratio 3.93 · EPS (TTM) $0.5800 · Dividend yield 2.8% · Net margin 18.3% · Return on equity 14.9% · Return on assets (EBIT) 15.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (high confidence).
What moves the price
The share trades about 40% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 44% fair-value upside, at 47%, NTDOY screens cheaper than that median.
Fair Value models
Bear $12.85Fair Value $18.21Bull $25.11
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. 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.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.78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+110.5%
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.
+15.3%
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.
+6.9%
Start year 2021 (pandemic). Over 10 years: +17.1% a year
Revenue growth 25 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.
+6.9%
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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.
+2.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.8%
Dividend (yield on the price)2.8%
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.−0.8% vs 27.0%, slowing
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.36% → 16%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than 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).
+8.7%
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.
+5.7%
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 +6.4% a year for the price and +3.5% 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.Electronic Gaming & Multimedia · 143 stocks
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). "Nintendo Co ADR Fair Value". https://www.fairvalue-calculator.com/stock/NTDOY
Frequently asked questions
Is Nintendo Co (NTDOY) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of $18.21 versus a price of $12.43, about +47% upside (undervalued).
What is the fair value of NTDOY?
Our model-based fair value for Nintendo Co ADR is $18.21 (as of Sep 28, 2026), built from audited fundamentals. The current price: $12.43.
What is the quality score of NTDOY?
Nintendo Co ADR has a Quality Score of 73/100. 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 Nintendo Co (NTDOY)?
Our model-based price target is the fair value of $18.21 (as of Sep 28, 2026) from 24 valuation models. Cautious scenario $12.85, optimistic scenario $25.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Nintendo Co ADR stock forecast for 2026?
Our models put fair value at $18.21, about +47% upside versus a price of $12.43 (undervalued). Cautious scenario $12.85, optimistic scenario $25.11. The calculation is refreshed regularly with new filings.
What is the revenue of Nintendo Co (NTDOY)?
Nintendo Co ADR reported trailing-twelve-month revenue of about ¥2.3T (latest available figure, as of Sep 28, 2026).
Does Nintendo Co ADR pay a dividend?
Nintendo Co ADR currently shows a dividend yield of about 2.75% relative to its recent price (as of Sep 28, 2026).
What growth is priced into Nintendo Co (NTDOY)?
For today's price to be fair in a discounted-cash-flow model, Nintendo Co ADR would have to grow free cash flow by +8.7 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.9 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of NTDOY use?
Our models discount Nintendo Co ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.14, 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 Nintendo Co ADR that is +8.7 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Nintendo Co (NTDOY) delivered so far?
Over the past 5 years revenue at Nintendo Co ADR grew +6.9 % a year. The price currently implies +8.7 % 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 Nintendo Co (NTDOY) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into Nintendo Co ADR (+8.7 % 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 Nintendo Co (NTDOY)?
The free-cash-flow yield on the price is 3.07 %: that much free cash flow Nintendo Co ADR produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nintendo Co (NTDOY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nintendo Co ADR it is $18.21 per share (as of Sep 28, 2026), against a price of $12.43. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Nintendo Co ADR stock overvalued or undervalued in 2026?
As of Sep 28, 2026, NTDOY trades below its calculated fair value: price $12.43, fair value $18.21, a gap of about +47% (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 NTDOY?
No. The price is what the market pays today ($12.43); the fair value is what the company's own numbers justify ($18.21). For Nintendo Co ADR the two are $5.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nintendo Co ADR worth?
The market values Nintendo Co ADR at about $57.8B (market capitalisation, as of Sep 28, 2026). Per share that is $12.43; our models calculate a fair value of $18.21 per share.
What do the bullish and bearish scenarios say about NTDOY?
Our models span a range for Nintendo Co ADR: cautious scenario $12.85, base $18.21, optimistic $25.11 per share (as of Sep 28, 2026, price $12.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NTDOY?
Nintendo Co ADR trades at a price-to-earnings ratio of 21.4 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18.21 is built from several models across several years. Other multiples: PEG 2.1, P/B 3.1, P/S 4.0, EV/EBITDA 15.7.
What is the PEG ratio of NTDOY?
The PEG ratio of Nintendo Co ADR is 2.10 (P/E divided by earnings growth, as of Sep 28, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nintendo Co (NTDOY)?
Balance-sheet figures for Nintendo Co ADR (as of Sep 28, 2026): return on equity 14.9%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is NTDOY from its 52-week high?
Nintendo Co ADR trades at $12.43, about 40% below its 52-week high of $20.80 and 22% above the low of $10.19 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of $18.21 is for.
Which stocks are comparable to Nintendo Co ADR?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 Nintendo Co ADR stock attractive at the current price?
The data as of Sep 28, 2026: price $12.43, calculated fair value $18.21 (+47%), Quality Score 73/100, from 24 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 NTDOY calculated?
We run Nintendo Co ADR through 24 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 $18.21, 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 14.9 % above its aggregate fair value. Nintendo Co ADR currently trades 32 % 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 Nintendo Co (NTDOY)?
The closing price on Sep 28, 2026 was $12.43. Our model-based fair value is $18.21, about +47% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nintendo Co ADR right now?
The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($12.85). The market is more pessimistic than our downside scenario. A fairly wide model range ($12.85 to $25.11) leaves room in how you read the outcome.
Where does the earnings growth of Nintendo Co (NTDOY) come from?
Earnings per share at Nintendo Co ADR grew +29.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +18.7 %, EBIT margin +16.7 %, tax rate −0.2 %, residual (interest, one-offs) −6.2 %. 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 Nintendo Co ADR
How large is the market capitalisation of Nintendo Co (NTDOY)?
The market capitalisation of Nintendo Co ADR is $57.8B. 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 Nintendo Co (NTDOY)?
The price-to-sales ratio of Nintendo Co ADR is 3.93 (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 Nintendo Co (NTDOY)?
Earnings per share at Nintendo Co ADR are $0.5800 (price ÷ EPS = P/E 21.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nintendo Co (NTDOY)?
The dividend yield of Nintendo Co ADR is 2.8% (payout 58.9%). 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 Nintendo Co (NTDOY)?
The net margin of Nintendo Co ADR is 18.3% (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 Nintendo Co (NTDOY)?
The return on equity (ROE) of Nintendo Co ADR is 14.9% (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 Nintendo Co (NTDOY)?
On an EBIT basis the return on assets of Nintendo Co ADR is 15.0% (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 Nintendo Co (NTDOY)?
The operating margin of Nintendo Co ADR is 27.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nintendo Co (NTDOY)?
Revenue at Nintendo Co ADR is growing −9.5% versus a year earlier (3y avg +15.3%). 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 Nintendo Co (NTDOY)?
Earnings per share at Nintendo Co ADR are growing +55.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nintendo Co (NTDOY) hold?
Nintendo Co ADR holds more cash than debt, ¥1.8T net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Sep 28, 2026