Seiko Epson Corp (SEKEY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Seiko Epson Corp stock $12.08, price $10.41, upside +16.0%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 23, 2026.
How to read this chart
60‑month range $5.47 – $10.65 · fair‑value band $8.63 – $15.54 · the $10.41 price screens below the $12.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 23, 2026.
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Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.
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It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.
The Printing Solutions segment offers home and office inkjet printers, serial impact dot matrix printers, page printers, color image scanners dry office paper machines, commercial and industrial inkjet printers, inkjet printheads, printers for use in POS systems, label printers, printer consumables, and digital printing software solutions.
The Visual Communications segment provides LCD projectors for business, education, the home, and event; smart glasses; and others.
The Manufacturing-related and Wearables segment offers industrial robots, watches, watch movements, and others; and crystal units, crystal oscillators, quartz sensors, and others for consumer, automotive, and industrial equipment applications.
This segment also provides CMOS LSIs and other chips for consumer electronics and automotive applications; and metal powders for use as raw materials in the production of electronic components, etc., as well as value-added surface finishing in a range of industrial fields.
It also sells PCs. It operates in Japan, the Philippines, the United States, Indonesia, People's Republic of China, and internationally. Seiko Epson Corporation was incorporated in 1942 and is headquartered in Suwa-shi, Japan.
Stock analysis
Seiko Epson Corp (SEKEY) currently trades at $10.41, while our model-based Fair Value estimate is $12.08, implying the stock looks roughly 13.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $12.15 per share, and 11 of the 24 models we run sit above the $10.41 price.
Bear case: the Earnings-Based group reads lowest at $2.37, and 13 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $8.63 (bear) to $15.54 (bull), the price of $10.41 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 62/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Seiko Epson Corp ADR reported revenue of ¥1.5T in FY2026 versus ¥1.1T in FY2022, a compound +7.3%/yr. Reported net income was ¥19.3B in FY2026, compounding −32.4%/yr from FY2022.
Key figures
Market cap $6.7B Mid · P/E ratio 54.8 · EPS (TTM) $0.1900 · Dividend yield 2.2% · Net margin 1.7% · Return on equity 3.0% · Return on assets (EBIT) 5.9% · Operating margin 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 90% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −35% fair-value upside, at 16%, SEKEY screens cheaper than that median.
Fair Value models
Bear$8.63Fair Value $12.08Bull$15.54
Price $10.41 · Upside +16.0%
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. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.1072 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.
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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.9%
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.
+4.0%
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.
+8.5%
Start year 2021 (pandemic). Over 10 years: +3.2% a year
Revenue growth 21 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.
+0.1%
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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. Basis: EBIT basis. 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.
+17.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.0%
Dividend (yield on the price)2.2%
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.−7.6% vs −7.9%, 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.5% → 6%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than 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).
−1.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+0.3%
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 −3.1% a year for the price and −1.8% for the forecasts.
AI conclusion: The business draws its main strength from the capital alliance advancing inkjet printhead components and materials while its main weak point stays the persistently low margins in commoditized hardware with minimal differentiation.
Main risk: The weak moat in commoditized hardware risks keeping net margins at persistently low levels without meaningful expansion into higher-margin areas.
Epson is forging a capital alliance to advance inkjet printhead components and materials as part of its push into growth areas. The move aims to secure supply and spur innovation in core technology, yet our models still flag the business as overvalued overall. Does this partnership meaningfully expand high-margin opportunities, or does it mainly reinforce the existing printing base?
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.Computer Hardware · 210 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+16.0% · Above median
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets1.3% · Below median
Net margin (12 months)1.7% · Below median
Operating margin (12 months)5.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.4% · Above median
Dividend yield (12 months)2.2% · Below median
Valuation Multiplesvs Computer Hardware 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 Seiko Epson Corp (SEKEY) overvalued or undervalued?
As of Oct 23, 2026, our model estimates a fair value of $12.08 versus a price of $10.41, about +16% upside (undervalued).
What is the fair value of SEKEY?
Our model-based fair value for Seiko Epson Corp ADR is $12.08 (as of Oct 23, 2026), built from audited fundamentals. The current price: $10.41.
What is the quality score of SEKEY?
Seiko Epson Corp ADR has a Quality Score of 62/100. 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 Seiko Epson Corp (SEKEY)?
Our model-based price target is the fair value of $12.08 (as of Oct 23, 2026) from 24 valuation models. Cautious scenario $8.63, optimistic scenario $15.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Seiko Epson Corp ADR stock forecast for 2026?
Our models put fair value at $12.08, about +16% upside versus a price of $10.41 (undervalued). Cautious scenario $8.63, optimistic scenario $15.54. The calculation is refreshed regularly with new filings.
What is the revenue of Seiko Epson Corp (SEKEY)?
Seiko Epson Corp ADR reported trailing-twelve-month revenue of about ¥1.5T (latest available figure, as of Oct 23, 2026).
Does Seiko Epson Corp ADR pay a dividend?
Seiko Epson Corp ADR currently shows a dividend yield of 2.17% relative to its recent price (as of Oct 23, 2026).
What growth is priced into Seiko Epson Corp (SEKEY)?
For today's price to be fair in a discounted-cash-flow model, Seiko Epson Corp ADR would have to grow free cash flow by -1.1 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Oct 23, 2026.
What discount rate (WACC) does the fair value of SEKEY use?
Our models discount Seiko Epson Corp ADR at 8.9 %: a base by market capitalisation (mid), damped by beta 0.67, 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 Seiko Epson Corp ADR that is -1.1 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Seiko Epson Corp (SEKEY) delivered so far?
Over the past 5 years revenue at Seiko Epson Corp ADR grew +8.5 % a year. The price currently implies -1.1 % 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 Seiko Epson Corp (SEKEY) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Seiko Epson Corp ADR (-1.1 % 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 Seiko Epson Corp (SEKEY)?
The free-cash-flow yield on the price is 5.85 %: that much free cash flow Seiko Epson Corp ADR produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Seiko Epson Corp (SEKEY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seiko Epson Corp ADR it is $12.08 per share (as of Oct 23, 2026), against a price of $10.41. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Seiko Epson Corp ADR stock overvalued or undervalued in 2026?
As of Oct 23, 2026, SEKEY trades below its calculated fair value: price $10.41, fair value $12.08, a gap of about +16% (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 SEKEY?
No. The price is what the market pays today ($10.41); the fair value is what the company's own numbers justify ($12.08). For Seiko Epson Corp ADR the two are $1.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Seiko Epson Corp ADR worth?
The market values Seiko Epson Corp ADR at about $6.7B (market capitalisation, as of Oct 23, 2026). Per share that is $10.41; our models calculate a fair value of $12.08 per share.
What do the bullish and bearish scenarios say about SEKEY?
Our models span a range for Seiko Epson Corp ADR: cautious scenario $8.63, base $12.08, optimistic $15.54 per share (as of Oct 23, 2026, price $10.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SEKEY?
Seiko Epson Corp ADR trades at a price-to-earnings ratio of 54.8 (as of Oct 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.08 is built from several models across several years. Other multiples: PEG 18.6, P/B 1.2, P/S 0.7, EV/EBITDA 5.2.
What is the PEG ratio of SEKEY?
The PEG ratio of Seiko Epson Corp ADR is 18.56 (P/E divided by earnings growth, as of Oct 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Seiko Epson Corp (SEKEY)?
Balance-sheet figures for Seiko Epson Corp ADR (as of Oct 23, 2026): return on equity 3.0%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is SEKEY from its 52-week high?
Seiko Epson Corp ADR trades at $10.41, about 2% below its 52-week high of $10.65 and 90% above the low of $5.47 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $12.08 is for.
Which stocks are comparable to Seiko Epson Corp ADR?
From the same area (Technology) we also value Dell Technologies Inc, Sandisk Corporation, Arista Networks, Inc, Seagate Technology Holdings, 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 Seiko Epson Corp ADR stock attractive at the current price?
The data as of Oct 23, 2026: price $10.41, calculated fair value $12.08 (+16%), Quality Score 62/100, 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 SEKEY calculated?
We run Seiko Epson Corp 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 $12.08, 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 13.2 % above its aggregate fair value. Seiko Epson Corp ADR currently trades 14 % 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 Seiko Epson Corp (SEKEY)?
The closing price on Oct 22, 2026 was $10.41. Our model-based fair value is $12.08, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seiko Epson Corp ADR right now?
A fairly wide model range ($8.63 to $15.54) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Seiko Epson Corp (SEKEY) come from?
Earnings per share at Seiko Epson Corp ADR grew −4.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.0 %, EBIT margin −5.5 %, tax rate −1.4 %, residual (interest, one-offs) −1.3 %. 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 Seiko Epson Corp ADR
How large is the market capitalisation of Seiko Epson Corp (SEKEY)?
The market capitalisation of Seiko Epson Corp ADR is $6.7B. 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 are the earnings per share of Seiko Epson Corp (SEKEY)?
Earnings per share at Seiko Epson Corp ADR are $0.1900 (price ÷ EPS = P/E 54.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Seiko Epson Corp (SEKEY)?
The dividend yield of Seiko Epson Corp ADR is 2.2% (payout 119%). 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 Seiko Epson Corp (SEKEY)?
The net margin of Seiko Epson Corp ADR is 1.7% (last twelve months). 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 Seiko Epson Corp (SEKEY)?
The return on equity (ROE) of Seiko Epson Corp ADR is 3.0% (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 Seiko Epson Corp (SEKEY)?
On an EBIT basis the return on assets of Seiko Epson Corp ADR is 5.9% (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 Seiko Epson Corp (SEKEY)?
The operating margin of Seiko Epson Corp ADR is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seiko Epson Corp (SEKEY)?
Revenue at Seiko Epson Corp ADR is growing +14.4% versus a year earlier (3y avg +4.0%). 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 Seiko Epson Corp (SEKEY)?
Earnings per share at Seiko Epson Corp ADR are growing +96.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Seiko Epson Corp (SEKEY) hold?
Seiko Epson Corp ADR holds more cash than debt, ¥57.4B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 23, 2026