SHO-BOND Holdings Co.,Ltd (SBDHF) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of SHO-BOND Holdings Co.,Ltd stock $6.83, price $8.06, that is 15.2% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 24 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 10, 2026.
How to read this chart
60‑month range $5.35 – $8.06 · fair‑value band $5.34 – $9.11 · the $8.06 price screens above the $6.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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SHO-BOND Holdings Co.,Ltd. engages in repairing and reinforcing social infrastructures in Japan. It operates through the Domestic Construction and Others segments.
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The company is involved in civil engineering and construction work contracting; and provision of repair and reinforcement services for roads, bridges, tunnels, railways, and buildings, as well as port and harbor facilities, water supply and sewer systems, and irrigation channels.
It also manufactures and sells synthetic resin materials, including adhesive, injection, sealing, filling, and lining materials used in repair and reinforcement work in the civil engineering and construction fields, as well as seismic-resistant products for bridges, such as expansion joints and prevention devices for bridge fall.
The company was incorporated in 2008 and is based in Tokyo, Japan.
Stock analysis
SHO-BOND Holdings Co.,Ltd (SBDHF) currently trades at $8.06, while our model-based Fair Value estimate is $6.83, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $9.84 per share, and 9 of the 24 models we run sit above the $8.06 price.
Bear case: the Asset-Based group reads lowest at $2.37, and 15 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $5.34 (bear) to $9.11 (bull), the price of $8.06 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 63/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SHO-BOND Holdings Co.,Ltd reported revenue of ¥89.2B in FY2026 versus ¥81.2B in FY2022, a compound +2.4%/yr. Reported net income was ¥15.4B in FY2026, compounding +5.7%/yr from FY2022.
Key figures
Market cap $1.6B Small · P/E ratio 17.1 · P/S ratio 2.97 · EPS (TTM) $0.4700 · Dividend yield 3.6% · Net margin 17.3% · Return on equity 14.4% · Return on assets (EBIT) 15.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −15%, SBDHF screens cheaper than that median.
Fair Value models
Bear$5.34Fair Value $6.83Bull$9.11
Price $8.06 · Downside -15.2%
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 4 months old). Earnings retained since then ($0.0667 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.
Best data coverage
FCF DCF$6.13$7.85$10.8379
Growth DCF$6.30$7.95$10.6077
Residual Income$3.22$3.82$4.9176
All 24 models by family
DCF Models
FCF DCF$6.13$7.85$10.8379
Owner Earnings$6.37$8.17$11.2875
5Y Revenue Exit$4.88$6.40$8.5571
5Y EBITDA Exit$6.34$8.90$12.1973
5Y P/E Exit$6.88$9.82$13.2169
10Y Revenue Exit$5.25$6.63$8.1766
10Y EBITDA Exit$6.21$8.22$10.5167
10Y P/E Exit$6.53$8.81$11.1763
Earnings-Based
Graham-Dodd$3.28$5.81$7.1466
EPV$5.34$6.03$6.6368
Dividend Discount
Gordon GGM$4.08$5.17$6.2569
DDM Multi-Stage$4.08$5.42$6.9467
Multiples
P/E Multiple$7.59$10.12$12.6563
P/S Multiple$4.18$5.57$6.9658
P/B Multiple$11.24$14.98$18.7355
EV/EBIT$9.10$11.86$14.6263
EV/EBITDA$7.37$9.55$11.7464
EV/Revenue$4.31$5.82$7.3252
Asset-Based
NCAV (Graham)$1.57$2.37$2.9752
Growth DCF
Growth DCF$6.30$7.95$10.6077
Rev-Margin DCF$4.88$6.50$8.5171
Economic Profit
Residual Income$3.22$3.82$4.9176
ROIC Compounder$5.43$6.25$7.0870
Growth Earnings
Growth-Adj P/E$5.36$7.66$9.9667
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.7%
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.
+2.1%
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.
+2.2%
Start year 2021 (pandemic)
’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.
−15.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.0%
Dividend (yield on the price)3.6%
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.20% → 23%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+1.6%
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.
+3.2%
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 −0.5% a year for the price and +1.0% for the forecasts.
Compare SHO-BOND Holdings Co.,Ltd with another stock
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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.Engineering & Construction · 826 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−15.2% · Below median
Profitability
Return on equity (12 months)14.4% · Above median
Return on assets11.9% · Top 25%
Net margin (12 months)17.3% · Top 25%
Operating margin (12 months)18.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.5% · Below median
Dividend yield (12 months)3.6% · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)17.1× · Pricier than median
P/B2.41× · Pricier than median
P/S (12 months)2.89× · Priciest 25%
Price / free cash flow (fiscal year)14.2× · Pricier than median
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Is SHO-BOND Holdings Co.,Ltd (SBDHF) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of $6.83 versus a price of $8.06, about 15% lower (overvalued).
What is the fair value of SBDHF?
Our model-based fair value for SHO-BOND Holdings Co.,Ltd is $6.83 (as of Nov 10, 2026), built from audited fundamentals. The current price: $8.06.
What is the quality score of SBDHF?
SHO-BOND Holdings Co.,Ltd has a Quality Score of 63/100. 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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
Our model-based price target is the fair value of $6.83 (as of Nov 10, 2026) from 24 valuation models. Cautious scenario $5.34, optimistic scenario $9.11. It is a calculation from audited fundamentals, not an analyst target.
What is the SHO-BOND Holdings Co.,Ltd stock forecast for 2026?
Our models put fair value at $6.83, about 15% lower versus a price of $8.06 (overvalued). Cautious scenario $5.34, optimistic scenario $9.11. The calculation is refreshed regularly with new filings.
What is the revenue of SHO-BOND Holdings Co.,Ltd (SBDHF)?
SHO-BOND Holdings Co.,Ltd reported trailing-twelve-month revenue of about ¥89.2B (latest available figure, as of Nov 10, 2026).
Does SHO-BOND Holdings Co.,Ltd pay a dividend?
SHO-BOND Holdings Co.,Ltd currently shows a dividend yield of 3.56% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of SHO-BOND Holdings Co.,Ltd (SBDHF) and when is the ex-dividend date?
SHO-BOND Holdings Co.,Ltd pays a dividend of $0.288 per share a year, a dividend yield of 3.6%. The next ex-dividend date is Dec 29, 2026. A dividend has been paid every year since 2022. The payout ratio is 59.4% of earnings. Free cash flow covers the dividend 1.98 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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
For today's price to be fair in a discounted-cash-flow model, SHO-BOND Holdings Co.,Ltd would have to grow free cash flow by +1.6 % 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 +2.2 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of SBDHF use?
Our models discount SHO-BOND Holdings Co.,Ltd at 9.8 %: a base by market capitalisation (small), damped by beta 0.01, 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 SHO-BOND Holdings Co.,Ltd that is +1.6 % 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 SHO-BOND Holdings Co.,Ltd (SBDHF) delivered so far?
Over the past 5 years revenue at SHO-BOND Holdings Co.,Ltd grew +2.2 % a year. The price currently implies free-cash-flow growth of +1.6 % 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.
How fast is the sector of SHO-BOND Holdings Co.,Ltd (SBDHF) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into SHO-BOND Holdings Co.,Ltd (+1.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SHO-BOND Holdings Co.,Ltd (SBDHF)?
The free-cash-flow yield on the price is 7.06 %: that much free cash flow SHO-BOND Holdings Co.,Ltd 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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SHO-BOND Holdings Co.,Ltd it is $6.83 per share (as of Nov 10, 2026), against a price of $8.06. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SHO-BOND Holdings Co.,Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, SBDHF trades above its calculated fair value: price $8.06, fair value $6.83, a gap of about −15% (overvalued). 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 SBDHF?
No. The price is what the market pays today ($8.06); the fair value is what the company's own numbers justify ($6.83). For SHO-BOND Holdings Co.,Ltd the two are $1.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is SHO-BOND Holdings Co.,Ltd worth?
The market values SHO-BOND Holdings Co.,Ltd at about $1.6B (market capitalisation, as of Nov 10, 2026). Per share that is $8.06; our models calculate a fair value of $6.83 per share.
What do the bullish and bearish scenarios say about SBDHF?
Our models span a range for SHO-BOND Holdings Co.,Ltd: cautious scenario $5.34, base $6.83, optimistic $9.11 per share (as of Nov 10, 2026, price $8.06). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SBDHF?
SHO-BOND Holdings Co.,Ltd trades at a price-to-earnings ratio of 17.1 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $6.83 is built from several models across several years. Other multiples: P/B 2.4, P/S 2.9, EV/EBITDA 11.7.
How solid is the balance sheet of SHO-BOND Holdings Co.,Ltd (SBDHF)?
Balance-sheet figures for SHO-BOND Holdings Co.,Ltd (as of Nov 10, 2026): return on equity 14.4%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is SBDHF from its 52-week high?
SHO-BOND Holdings Co.,Ltd trades at $8.06, about 7% below its 52-week high of $8.65 and 1% above the low of $8.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $6.83 is for.
Which stocks are comparable to SHO-BOND Holdings Co.,Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 SHO-BOND Holdings Co.,Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price $8.06, calculated fair value $6.83 (−15%), Quality Score 63/100, 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 SBDHF calculated?
We run SHO-BOND Holdings Co.,Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $6.83 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 14.0% above its aggregate fair value. SHO-BOND Holdings Co.,Ltd itself currently trades above fair value. 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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
The closing price on Nov 9, 2026 was $8.06. Our model-based fair value is $6.83, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SHO-BOND Holdings Co.,Ltd right now?
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. 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.
Key figures of SHO-BOND Holdings Co.,Ltd
How large is the market capitalisation of SHO-BOND Holdings Co.,Ltd (SBDHF)?
The market capitalisation of SHO-BOND Holdings Co.,Ltd is $1.6B. 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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
The price-to-sales ratio of SHO-BOND Holdings Co.,Ltd is 2.97 (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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
Earnings per share at SHO-BOND Holdings Co.,Ltd are $0.4700 (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SHO-BOND Holdings Co.,Ltd (SBDHF)?
The dividend yield of SHO-BOND Holdings Co.,Ltd is 3.6% (payout 60.9%). 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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
The net margin of SHO-BOND Holdings Co.,Ltd is 17.3% (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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
The return on equity (ROE) of SHO-BOND Holdings Co.,Ltd is 14.4% (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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
On an EBIT basis the return on assets of SHO-BOND Holdings Co.,Ltd is 15.4% (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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
The operating margin of SHO-BOND Holdings Co.,Ltd is 18.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SHO-BOND Holdings Co.,Ltd (SBDHF)?
Revenue at SHO-BOND Holdings Co.,Ltd is growing −1.5% versus a year earlier (3y avg +2.1%). 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 SHO-BOND Holdings Co.,Ltd (SBDHF)?
Earnings per share at SHO-BOND Holdings Co.,Ltd are growing +7.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 10, 2026