Nippon Telegraph and Telephone Corp (NTTYY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Nippon Telegraph and Telephone Corp stock $35.28, price $25.39, upside +39.0%, quality 40 out of 100. Rating: undervalued. Calculated from audited financials with 14 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 6, 2026.
How to read this chart
60‑month range $20.58 – $29.98 · fair‑value band $31.28 – $43.79 · the $25.39 price screens below the $35.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Nippon Telegraph and Telephone Corp ADR in your weekly email
Every Wednesday you see whether Nippon Telegraph and Telephone Corp ADR is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show moreShow less
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 and Telephone Corp (NTTYY) currently trades at $25.39, while our model-based Fair Value estimate is $35.28, implying the stock looks roughly 28% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of $35.75 per share, and 6 of the 14 models we run sit above the $25.39 price.
Bear case: the Asset-Based group reads lowest at $6.26, and 8 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $31.28 (bear) to $43.79 (bull), the price of $25.39 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 40/100 (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 and Telephone Corp ADR reported revenue of ¥15.3T in FY2026 versus ¥12.2T in FY2022, a compound +5.9%/yr. Reported net income was ¥1.1T in FY2026, compounding −1.8%/yr from FY2022.
Key figures
Market cap $81.0B Large · P/E ratio 12.3 · P/S ratio 0.88 · EPS (TTM) $2.07 · Dividend yield 3.0% · Net margin 7.2% · Return on equity 10.7% · Return on assets (EBIT) 10.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at 39%, NTTYY screens richer than that median.
Fair Value models
Bear$31.28Fair Value $35.28Bull$43.79
Price $25.39 · Upside +39.0%
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.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.
Best data coverage
Residual Income$17.33$19.54$24.2676
EPV$8.81$13.21$17.0473
ROIC Compounder$8.81$13.21$17.0471
All 14 models by family
Earnings-Based
Graham-Dodd$14.58$26.62$32.9266
EPV$8.81$13.21$17.0473
Dividend Discount
Gordon GGM$8.07$10.61$13.1769
DDM Multi-Stage$8.07$10.99$14.4267
Multiples
P/E Multiple$35.38$47.17$58.9663
P/S Multiple$27.34$36.45$45.5658
P/B Multiple$24.55$32.73$40.9155
EV/EBIT$17.92$33.68$49.4563
EV/EBITDA$10.76$24.14$37.5163
EV/Revenue$6.49$21.86$37.2349
Asset-Based
NCAV (Graham)$4.68$6.26$9.3554
Economic Profit
Residual Income$17.33$19.54$24.2676
ROIC Compounder$8.81$13.21$17.0471
Growth Earnings
Growth-Adj P/E$25.03$35.75$46.4867
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.5%
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.
+5.2%
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.
+5.0%
Start year 2021 (pandemic). Over 10 years: +2.8% 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.
+3.1%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
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.
+9.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.2%
Dividend (yield on the price)3.0%
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.6.2% vs 5.3%, 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%
AI conclusion: The company's main strength is its large-scale infrastructure that provides a competitive moat, while its durability remains limited by weak free cash flow, high debt and state influence alongside restricted pricing power.
Main risk: Rakuten Mobile's unlimited plans at roughly half the price of major carriers and similar low-cost offerings from sub-brands could continue to draw customers away from NTT Docomo and force sustained price reductions on core mobile services.
Bull case: NTT could leverage its infrastructure and SAP partnership to grow sovereign cloud and AI services for governments and regulated sectors, offsetting pressure on traditional telecom margins.
Bear case: Persistent low-price competition and regulatory easing of switching could accelerate customer losses and ARPU declines in mobile, squeezing margins on core network operations without sufficient offset from new services.
NTT is partnering with SAP to deliver sovereign cloud and business AI capabilities targeted at governments and regulated industries that demand data control. This leverages its global infrastructure and AI expertise but creates tension around whether such initiatives will generate meaningful growth or compete for attention with its established telecom networks. Will the push into secure AI services strengthen its competitive edge more than it risks diverting resources from core operations?
Compare Nippon Telegraph and Telephone Corp ADR with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 235 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside+39.0% · Above median
Profitability
Return on equity (12 months)10.7% · Above median
Return on assets2.3% · Below median
Net margin (12 months)7.1% · Above median
Operating margin (12 months)12.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)10.9% · Top 25%
Dividend yield (12 months)3.0% · Below median
Balance sheet
Debt / equity1.16× · Highest 25%
Valuation Multiplesvs Telecom Services 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). "Nippon Telegraph and Telephone Corp ADR Fair Value". https://www.fairvalue-calculator.com/stock/NTTYY
Frequently asked questions
Is Nippon Telegraph and Telephone Corp (NTTYY) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $35.28 versus a price of $25.39, about +39% upside (undervalued).
What is the fair value of NTTYY?
Our model-based fair value for Nippon Telegraph and Telephone Corp is $35.28 (as of Nov 6, 2026), built from audited fundamentals. The current price: $25.39.
What is the quality score of NTTYY?
Nippon Telegraph and Telephone Corp has a Quality Score of 40/100. 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 and Telephone Corp (NTTYY)?
Our model-based price target is the fair value of $35.28 (as of Nov 6, 2026) from 14 valuation models. Cautious scenario $31.28, optimistic scenario $43.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Nippon Telegraph and Telephone Corp ADR stock forecast for 2026?
Our models put fair value at $35.28, about +39% upside versus a price of $25.39 (undervalued). Cautious scenario $31.28, optimistic scenario $43.79. The calculation is refreshed regularly with new filings.
What is the revenue of Nippon Telegraph and Telephone Corp (NTTYY)?
Nippon Telegraph and Telephone Corp reported trailing-twelve-month revenue of about ¥14.8T (latest available figure, as of Nov 6, 2026).
Does Nippon Telegraph and Telephone Corp ADR pay a dividend?
Nippon Telegraph and Telephone Corp currently shows a dividend yield of 2.98% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Nippon Telegraph and Telephone Corp (NTTYY) and when is the ex-dividend date?
Nippon Telegraph and Telephone Corp has a dividend yield of 3.0%. The last ex-dividend date was Mar 30, 2026. A dividend has been paid every year since at least 1995. The payout ratio is 35.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Nippon Telegraph and Telephone Corp (NTTYY)?
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 and Telephone Corp it is $35.28 per share (as of Nov 6, 2026), against a price of $25.39. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Nippon Telegraph and Telephone Corp ADR stock overvalued or undervalued in 2026?
As of Nov 6, 2026, NTTYY trades below its calculated fair value: price $25.39, fair value $35.28, 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 NTTYY?
No. The price is what the market pays today ($25.39); the fair value is what the company's own numbers justify ($35.28). For Nippon Telegraph and Telephone Corp the two are $9.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nippon Telegraph and Telephone Corp ADR worth?
The market values Nippon Telegraph and Telephone Corp at about $81.0B (market capitalisation, as of Nov 6, 2026). Per share that is $25.39; our models calculate a fair value of $35.28 per share.
What do the bullish and bearish scenarios say about NTTYY?
Our models span a range for Nippon Telegraph and Telephone Corp: cautious scenario $31.28, base $35.28, optimistic $43.79 per share (as of Nov 6, 2026, price $25.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NTTYY?
Nippon Telegraph and Telephone Corp trades at a price-to-earnings ratio of 12.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $35.28 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2020 to 2026), reported earnings: 11.6. Other multiples: PEG 3.9, P/B 1.3, P/S 0.9, EV/EBITDA 6.0.
What is the PEG ratio of NTTYY?
The PEG ratio of Nippon Telegraph and Telephone Corp is 3.90 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nippon Telegraph and Telephone Corp (NTTYY)?
Balance-sheet figures for Nippon Telegraph and Telephone Corp (as of Nov 6, 2026): return on equity 10.7%, debt of 1.16 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is NTTYY from its 52-week high?
Nippon Telegraph and Telephone Corp trades at $25.39, about 12% below its 52-week high of $28.89 and 16% above the low of $21.98 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $35.28 is for.
Which stocks are comparable to Nippon Telegraph and Telephone Corp ADR?
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 and Telephone Corp ADR stock attractive at the current price?
The data as of Nov 6, 2026: price $25.39, calculated fair value $35.28 (+39%), Quality Score 40/100, from 14 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 NTTYY calculated?
We run Nippon Telegraph and Telephone Corp through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $35.28 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 13.0% above its aggregate fair value. Nippon Telegraph and Telephone 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 Nippon Telegraph and Telephone Corp (NTTYY)?
The closing price on Nov 6, 2026 was $25.39. Our model-based fair value is $35.28, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nippon Telegraph and Telephone Corp ADR right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($31.28). The market is more pessimistic than our downside scenario.
Where does the earnings growth of Nippon Telegraph and Telephone Corp (NTTYY) come from?
Earnings per share at Nippon Telegraph and Telephone Corp grew +6.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.6 %, 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 and Telephone Corp
How large is the market capitalisation of Nippon Telegraph and Telephone Corp (NTTYY)?
The market capitalisation of Nippon Telegraph and Telephone Corp is $81.0B. 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 and Telephone Corp (NTTYY)?
The price-to-sales ratio of Nippon Telegraph and Telephone Corp is 0.88 (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 and Telephone Corp (NTTYY)?
Earnings per share at Nippon Telegraph and Telephone Corp are $2.07 (price ÷ EPS = P/E 12.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nippon Telegraph and Telephone Corp (NTTYY)?
The dividend yield of Nippon Telegraph and Telephone Corp is 3.0% (payout 36.6%). 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 Nippon Telegraph and Telephone Corp (NTTYY)?
The net margin of Nippon Telegraph and 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 and Telephone Corp (NTTYY)?
The return on equity (ROE) of Nippon Telegraph and Telephone Corp is 10.7% (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 and Telephone Corp (NTTYY)?
On an EBIT basis the return on assets of Nippon Telegraph and Telephone Corp is 10.4% (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 and Telephone Corp (NTTYY)?
The operating margin of Nippon Telegraph and Telephone Corp is 12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nippon Telegraph and Telephone Corp (NTTYY)?
Revenue at Nippon Telegraph and Telephone Corp is growing +10.9% versus a year earlier (3y avg +5.2%). 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 and Telephone Corp (NTTYY)?
Earnings per share at Nippon Telegraph and Telephone Corp are growing +7.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nippon Telegraph and Telephone Corp (NTTYY) generate?
The free cash flow of Nippon Telegraph and Telephone Corp is −¥817B (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 and Telephone Corp (NTTYY) carry?
The net debt of Nippon Telegraph and Telephone Corp is ¥15.1T (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Nippon Telegraph and Telephone Corp ADR in the live analysis
One click puts Nippon Telegraph and Telephone Corp ADR on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 6, 2026