Obayashi Corporation (OBYCF) Fair Value & Analysis
Industrials · US · Market cap $14.2B
Obayashi Corporation
OBYCF · US
Fair value as of: Jul 17, 2026
From 23 valuation models · updated 24 days ago
Share price −5.1% over the past month.
A solid business, screening 30% undervalued on our models.
What matters now
- Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range ($17.17 to $35.68) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range $5.19 – $28.19 · fair‑value band $17.17 – $35.68 · the $19.56 price screens below the $25.47 fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Obayashi Corporation (OBYCF) currently trades at $19.56, while our model-based Fair Value estimate is $25.47, implying the stock looks roughly 30.2% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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, Obayashi Corporation generated revenue of $2.6T at a net margin of 6.7%. Revenue declined 4.3% year over year. It earns a return on equity of 14.1%. The balance sheet holds a net cash position of $74.9B. Fundamentals as of Jul 17, 2026
Our scenario range runs from $17.17 (bear case) to $35.68 (bull case); at $19.56, the current price sits within 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 33% below its 52-week high and 45% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 30%, OBYCF 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.
All 23 models by family
Widest divergence: Growth Earnings ($29.05) versus Asset-Based ($8.27). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 48
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
Obayashi Corporation engages in the construction business in Japan, North America, Asia and internationally. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and …
Full company description
Obayashi Corporation engages in the construction business in Japan, North America, Asia and internationally. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways; and engineering services for semiconductor and pharmaceutical production facilities, renewable energy facility construction, ICT for buildings, and soil and water pollution countermeasures. It is also involved in the development and leasing of real estate properties in various locations, primarily in urban areas; solar, biomass, geothermal, and wind power generation business; and PPP and agriculture business. The company was founded in 1892 and is headquartered in Tokyo, Japan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Obayashi Corporation reported revenue of $2.6T in FY2026 versus $1.9T in FY2022, a compound +7.9%/yr. Reported net income was $175B in FY2026, compounding +45.4%/yr from FY2022.
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Brookfield Business Selling Multiplex to Japan's Obayashi For $650 Million
- Brookfield to sell Multiplex to Obayashi for $650 million
- Obayashi (TSE:1802) Valuation Check After Strong 1 Year Shareholder Returns
- Space Elevator Industry Report 2026-2035: A $1.16 Billion Market with Obayashi, Shimizu, Space Exploration Technologies, Thoth Technology an
Peer Group
Engineering & Construction · 837 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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Frequently asked questions
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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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