Oji Holdings Corp (OJIPY) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Oji Holdings Corp $59.32, price $52.61, upside +12.8%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Oji Holdings Corp ADR for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $25.31 – $55.39 · fair‑value band $35.49 – $66.48 · the $52.61 price screens below the $59.32 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Follow Oji Holdings Corp ADR in your weekly email
Every Wednesday you see whether Oji Holdings 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.
Oji Holdings Corporation manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally.
Show more
Oji Holdings Corporation manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally. The Household and Industrial Materials segment offers corrugated containers, containerboard, special paperboard, boxboards, packaging paper, liquid paper cartons, filters, folding cartons, kraft heavy-duty sacks, insulation, paper bags, paper cores, and plastic trays. This segment also provides facial tissues, toilet rolls, kitchen and hand towels, wet disinfecting wipes, masks, towels, incontinence aid products, nursing care products/disposable diapers, skincare products, products for professional use, and other nursing care products. Its Functional Materials segment offers food containers and packaging materials, functional films, functional materials for manufacturing and industrial use, agricultural materials, medical and hygiene-related materials, thermal paper, non-woven fabric, adhesive base paper, release liner sheets, printing and publication paper, and writing and office supplies, as well as specialty paper. The Forest Resources and Environment Marketing segment provides pulp, lumber, electric power, starch, and saccharified products, as well as afforestation and lumber processing services. Its Printing and Communications Media segment provides newsprints, printing and publication papers, and communication papers. The company also engages in the trading, sustainable packaging, logistics, engineering, real estate, and liquid packaging carton businesses; and provision of cellulose nanofiber and cellulose-related products, CellAraay-Heart cell culture substrate for controlled cell orientation, oji licorice, and PaPiPress products. The company was formerly known as Oji Paper Co., Ltd. and changed its name to Oji Holdings Corporation in October 2012. Oji Holdings Corporation was founded in 1873 and is headquartered in Chuo, Japan.
Stock analysis
Oji Holdings Corp ADR (OJIPY) currently trades at $52.61, while our model-based Fair Value estimate is $59.32, implying the stock looks roughly 11.3% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $70.16 per share, and 7 of the 15 models we run sit above the $52.61 price.
Bear case: the Earnings-Based group reads lowest at $12.79, and 8 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: $35.49 (bear) to $66.48 (bull), the price of $52.61 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 50/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Oji Holdings Corp ADR reported revenue of ¥2.0T in FY2026 versus ¥1.5T in FY2022, a compound +7.6%/yr. Reported net income was ¥58.9B in FY2026, compounding −9.4%/yr from FY2022.
Key figures
Market cap $4.8B · P/E ratio 13.8 · P/S ratio 0.41 · EPS (TTM) $3.81 · Dividend yield 4.1% · Net margin 3.0% · Return on equity 5.0% · Return on assets (EBIT) 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 8% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 25% fair-value upside, at 13%, OJIPY screens richer than that median.
Fair Value models
Bear $35.49Fair Value $59.32Bull $66.48
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.
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.7%
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.
+5.0%
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.
+7.8%
Start year 2021 (pandemic). Over 10 years: +3.3% 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.
+1.8%
’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.
+6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.0%
Dividend (yield on the price)4.1%
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.2% vs 14%, 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.6% → 2%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than 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).
+30.0%
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.
+0.9%
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 +27.4% a year for the price and −1.2% for the forecasts.
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.Paper & Paper Products · 119 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Above median
Fair Value upside+13% · Above median
Profitability
Return on equity (TTM)5% · Above median
Return on assets1% · Below median
Net margin (TTM)3% · Above median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)4.1% · Top 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiplesvs Paper & Paper Products 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.
Is Oji Holdings Corp (OJIPY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $59.32 versus a price of $52.61, about +13% upside (undervalued).
What is the fair value of OJIPY?
Our model-based fair value for Oji Holdings Corp ADR is $59.32 (as of Sep 24, 2026), built from audited fundamentals. The current price: $52.61.
What is the quality score of OJIPY?
Oji Holdings Corp ADR has a Quality Score of 50/100. 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 Oji Holdings Corp (OJIPY)?
Our model-based price target is the fair value of $59.32 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario $35.49, optimistic scenario $66.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Oji Holdings Corp ADR stock forecast for 2026?
Our models put fair value at $59.32, about +13% upside versus a price of $52.61 (undervalued). Cautious scenario $35.49, optimistic scenario $66.48. The calculation is refreshed regularly with new filings.
What is the revenue of Oji Holdings Corp (OJIPY)?
Oji Holdings Corp ADR reported trailing-twelve-month revenue of about ¥1.9T (latest available figure, as of Sep 24, 2026).
Does Oji Holdings Corp ADR pay a dividend?
Oji Holdings Corp ADR currently shows a dividend yield of about 4.12% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Oji Holdings Corp (OJIPY)?
For today's price to be fair in a discounted-cash-flow model, Oji Holdings Corp ADR would have to grow free cash flow by +30.0 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of OJIPY use?
Our models discount Oji Holdings Corp ADR at 8.5 %: a base by market capitalisation (mid), damped by beta 0.07, 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 Oji Holdings Corp ADR that is +30.0 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Oji Holdings Corp (OJIPY) delivered so far?
Over the past 5 years revenue at Oji Holdings Corp ADR grew +7.8 % a year. The price currently implies +30.0 % 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 Oji Holdings Corp (OJIPY) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Oji Holdings Corp ADR (+30.0 % 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 Oji Holdings Corp (OJIPY)?
The free-cash-flow yield on the price is 2.93 %: that much free cash flow Oji Holdings Corp ADR produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Oji Holdings Corp (OJIPY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Oji Holdings Corp ADR it is $59.32 per share (as of Sep 24, 2026), against a price of $52.61. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Oji Holdings Corp ADR stock overvalued or undervalued in 2026?
As of Sep 24, 2026, OJIPY trades below its calculated fair value: price $52.61, fair value $59.32, a gap of about +13% (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 OJIPY?
No. The price is what the market pays today ($52.61); the fair value is what the company's own numbers justify ($59.32). For Oji Holdings Corp ADR the two are $6.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Oji Holdings Corp ADR worth?
The market values Oji Holdings Corp ADR at about $4.8B (market capitalisation, as of Sep 24, 2026). Per share that is $52.61; our models calculate a fair value of $59.32 per share.
What do the bullish and bearish scenarios say about OJIPY?
Our models span a range for Oji Holdings Corp ADR: cautious scenario $35.49, base $59.32, optimistic $66.48 per share (as of Sep 24, 2026, price $52.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OJIPY?
Oji Holdings Corp ADR trades at a price-to-earnings ratio of 13.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $59.32 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.4, EV/EBITDA 8.7.
How solid is the balance sheet of Oji Holdings Corp (OJIPY)?
Balance-sheet figures for Oji Holdings Corp ADR (as of Sep 24, 2026): return on equity 5.0%, debt of 0.51 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is OJIPY from its 52-week high?
Oji Holdings Corp ADR trades at $52.61, about 5% below its 52-week high of $55.39 and 8% above the low of $48.88 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $59.32 is for.
Which stocks are comparable to Oji Holdings Corp ADR?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, PT Indah Kiat Pulp & Paper Tbk, 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 Oji Holdings Corp ADR stock attractive at the current price?
The data as of Sep 24, 2026: price $52.61, calculated fair value $59.32 (+13%), Quality Score 50/100, from 21 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 OJIPY calculated?
We run Oji Holdings Corp ADR through 21 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 $59.32, 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 14.1 % above its aggregate fair value. Oji Holdings Corp ADR currently trades 13 % 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 Oji Holdings Corp (OJIPY)?
The closing price on Sep 23, 2026 was $52.61. Our model-based fair value is $59.32, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Oji Holdings Corp ADR right now?
A fairly wide model range ($35.49 to $66.48) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Oji Holdings Corp (OJIPY) come from?
Earnings per share at Oji Holdings Corp ADR grew +9.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.4 %, EBIT margin −3.8 %, tax rate +0.8 %, residual (interest, one-offs) +9.5 %. 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 Oji Holdings Corp ADR
How large is the market capitalisation of Oji Holdings Corp (OJIPY)?
The market capitalisation of Oji Holdings Corp ADR is $4.8B. 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 Oji Holdings Corp (OJIPY)?
The price-to-sales ratio of Oji Holdings Corp ADR is 0.41 (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 Oji Holdings Corp (OJIPY)?
Earnings per share at Oji Holdings Corp ADR are $3.81 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Oji Holdings Corp (OJIPY)?
The dividend yield of Oji Holdings Corp ADR is 4.1% (payout 56.9%). 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 Oji Holdings Corp (OJIPY)?
The net margin of Oji Holdings Corp ADR is 3.0% (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 Oji Holdings Corp (OJIPY)?
The return on equity (ROE) of Oji Holdings Corp ADR is 5.0% (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 Oji Holdings Corp (OJIPY)?
On an EBIT basis the return on assets of Oji Holdings Corp ADR is 3.3% (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 Oji Holdings Corp (OJIPY)?
The operating margin of Oji Holdings Corp ADR is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Oji Holdings Corp (OJIPY)?
Revenue at Oji Holdings Corp ADR is growing +0.7% versus a year earlier (3y avg +5.0%). 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 Oji Holdings Corp (OJIPY)?
Earnings per share at Oji Holdings Corp ADR are growing −17.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Oji Holdings Corp (OJIPY) carry?
The net debt of Oji Holdings Corp ADR is ¥894B (fiscal year 2026, ≈ 40.3 yrs of FCF). 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 Oji Holdings Corp ADR in the live analysis
One click puts Oji Holdings Corp ADR on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 24, 2026