Shimadzu Corporation (SHMZF) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Shimadzu Corporation stock $29.50, price $28.83, upside +2.3%, quality 66 out of 100. Rating: fairly valued. 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. As of Nov 12, 2026.
How to read this chart
60‑month range $21.13 – $36.97 · fair‑value band $19.07 – $39.81 · the $28.83 price screens below the $29.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Shimadzu Corporation provides equipment solutions in Japan and Internationally. It operates through Measuring Instruments, Medical Equipment, Industrial Equipment, and Aircraft Equipment business segments.
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The company offers analytical and measuring instruments which includes gas and liquid chromatography, gas and liquid chromatograph-mass spectrometry, software and informatics, molecular spectroscopy, elemental analysis, surface analysis, life science lab instrument, material testing, non-destructive testing, total organic carbon analysis, continuous monitoring analysis, thermal analysis, particle size analysis, and balance products, as well as MALDI-based instruments and solutions, columns, reagents, and consumables products.
It also provides medical systems comprising angiography, fluoroscopy, mobile C-arm, radiography, mobile X-ray systems, PET, and fluorescence imaging products; optical devices which consist of diffraction gratings, aspherical mirrors, laser mirrors and windows for high power lasers, polka-dot beam splitters, laser spectrum analyzers, and precision refractometers.
In addition, the company offers vacuum and industrial machinery, including turbo molecular pumps, helium leak detectors, multi deposition system, vacuum heat-treatment furnaces, liquid delivery equipment gear pumps, mechatronic systems glass fiber winders, ferromagnetic object detector, underwater optical wireless communication, liquid crystal injection system, and dynamic balancing machines.
Further, the company provides hydraulic equipment, such as hydraulic gear pumps, power packages, and multi control valves; and aircraft equipment, including electro-mechanical actuators, flight control systems, and landing gear systems.
It serves in Spectroscopic Analysis, Optical Communication, Laser, Medical, and Food industries. Shimadzu Corporation was founded in 1875 and is headquartered in Kyoto, Japan.
Stock analysis
Shimadzu Corporation (SHMZF) currently trades at $28.83, while our model-based Fair Value estimate is $29.50, so the stock looks roughly fairly valued today (gap 2.2%).
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Valuation
Bull case: the Multiples group reads highest at a median of $38.59 per share, and 9 of the 26 models we run sit above the $28.83 price.
Bear case: the Asset-Based group reads lowest at $7.08, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $19.07 (bear) to $39.81 (bull), the price of $28.83 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 66/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Shimadzu Corporation reported revenue of ¥564B in FY2026 versus ¥428B in FY2022, a compound +7.1%/yr. Reported net income was ¥60.9B in FY2026, compounding +6.5%/yr from FY2022.
Key figures
Market cap $8.3B Mid · P/E ratio 19.5 · P/S ratio 2.10 · EPS (TTM) $1.48 · Dividend yield 1.5% · Net margin 10.8% · Return on equity 12.3% · Return on assets (EBIT) 10.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −47% fair-value upside, at 2%, SHMZF screens cheaper than that median.
Fair Value models
Bear$19.07Fair Value $29.50Bull$39.81
Price $28.83 · Upside +2.3%
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 ($0.6521 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.7%
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.
+5.4%
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.
+7.5%
Start year 2021 (pandemic). Over 10 years: +5.1% a year
Revenue growth 20 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.
+4.3%
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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. 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.
+13.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.5%
Dividend (yield on the price)1.5%
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.11.5% vs 10.0%, 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.13% → 13%
Pace: the 5-year rate starts in 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).
+14.8%
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.
+6.9%
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 +12.4% a year for the price and +4.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (26 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Shimadzu benefits from a clean balance sheet and instruments that support complex analyses in food safety, pharma and environmental fields, yet insufficient public data leaves brand strength and process differentiation unclear.
Main risk: Hardware tweaks may merely match rival offerings soon, eroding any durable edges in analytical instruments for labs.
Shimadzu just introduced the GCMS-TQ RX Series to help labs cut helium use while handling higher sample volumes in food safety, pharma and environmental work. Its instruments have long supported complex analyses across those fields, yet the real test is whether hardware tweaks like multi-mode injectors create durable edges or merely match what rivals will soon offer. Our models see it as undervalued. Will workflow-focused innovations expand its reach more than they invite faster commoditization?
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.Scientific & Technical Instruments · 177 stocks
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). "Shimadzu Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SHMZF
Frequently asked questions
Is Shimadzu Corporation (SHMZF) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of $29.50 versus a price of $28.83, about +2% upside (fairly valued).
What is the fair value of SHMZF?
Our model-based fair value for Shimadzu Corporation is $29.50 (as of Nov 12, 2026), built from audited fundamentals. The current price: $28.83.
What is the quality score of SHMZF?
Shimadzu Corporation has a Quality Score of 66/100. 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 Shimadzu Corporation (SHMZF)?
Our model-based price target is the fair value of $29.50 (as of Nov 12, 2026) from 26 valuation models. Cautious scenario $19.07, optimistic scenario $39.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Shimadzu Corporation stock forecast for 2026?
Our models put fair value at $29.50, about +2% upside versus a price of $28.83 (fairly valued). Cautious scenario $19.07, optimistic scenario $39.81. The calculation is refreshed regularly with new filings.
What is the revenue of Shimadzu Corporation (SHMZF)?
Shimadzu Corporation reported trailing-twelve-month revenue of about ¥573B (latest available figure, as of Nov 12, 2026).
Does Shimadzu Corporation pay a dividend?
Shimadzu Corporation currently shows a dividend yield of 1.50% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Shimadzu Corporation (SHMZF) and when is the ex-dividend date?
Shimadzu Corporation pays a dividend of $0.431 per share a year, a dividend yield of 1.5%. The next ex-dividend date is Mar 30, 2027. A dividend has been paid every year since at least 2015. The payout ratio is 32.7% of earnings. Free cash flow covers the dividend 2.01 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 Shimadzu Corporation (SHMZF)?
For today's price to be fair in a discounted-cash-flow model, Shimadzu Corporation would have to grow free cash flow by +14.8 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.5 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of SHMZF use?
Our models discount Shimadzu Corporation at 9.1 %: a base by market capitalisation (mid), damped by beta 0.74, 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 Shimadzu Corporation that is +14.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Shimadzu Corporation (SHMZF) delivered so far?
Over the past 5 years revenue at Shimadzu Corporation grew +7.5 % a year. The price currently implies free-cash-flow growth of +14.8 % 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 Shimadzu Corporation (SHMZF) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Shimadzu Corporation (+14.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shimadzu Corporation (SHMZF)?
The free-cash-flow yield on the price is 3.00 %: that much free cash flow Shimadzu Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shimadzu Corporation (SHMZF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shimadzu Corporation it is $29.50 per share (as of Nov 12, 2026), against a price of $28.83. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Shimadzu Corporation stock overvalued or undervalued in 2026?
As of Nov 12, 2026, SHMZF trades below its calculated fair value: price $28.83, fair value $29.50, a gap of about +2% (fairly valued). 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 SHMZF?
No. The price is what the market pays today ($28.83); the fair value is what the company's own numbers justify ($29.50). For Shimadzu Corporation the two are $0.6750 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shimadzu Corporation worth?
The market values Shimadzu Corporation at about $8.3B (market capitalisation, as of Nov 12, 2026). Per share that is $28.83; our models calculate a fair value of $29.50 per share.
What do the bullish and bearish scenarios say about SHMZF?
Our models span a range for Shimadzu Corporation: cautious scenario $19.07, base $29.50, optimistic $39.81 per share (as of Nov 12, 2026, price $28.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SHMZF?
Shimadzu Corporation trades at a price-to-earnings ratio of 19.5 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $29.50 is built from several models across several years. Other multiples: P/B 2.3, P/S 2.3, EV/EBITDA 12.1.
How solid is the balance sheet of Shimadzu Corporation (SHMZF)?
Balance-sheet figures for Shimadzu Corporation (as of Nov 12, 2026): return on equity 12.3%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is SHMZF from its 52-week high?
Shimadzu Corporation trades at $28.83, at its 52-week high of $28.83 and 25% above the low of $23.05 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of $29.50 is for.
Which stocks are comparable to Shimadzu Corporation?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 Shimadzu Corporation stock attractive at the current price?
The data as of Nov 12, 2026: price $28.83, calculated fair value $29.50 (+2%), Quality Score 66/100, from 26 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 SHMZF calculated?
We run Shimadzu Corporation through 26 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 $29.50 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 14.3% above its aggregate fair value. Shimadzu Corporation currently trades 2% 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 Shimadzu Corporation (SHMZF)?
The closing price on Nov 12, 2026 was $28.83. Our model-based fair value is $29.50, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shimadzu Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($19.07 to $39.81) leaves room in how you read the outcome.
Where does the earnings growth of Shimadzu Corporation (SHMZF) come from?
Earnings per share at Shimadzu Corporation grew +10.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.6 %, EBIT margin +3.4 %, tax rate +0.5 %, residual (interest, one-offs) +1.0 %. 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 Shimadzu Corporation
How large is the market capitalisation of Shimadzu Corporation (SHMZF)?
The market capitalisation of Shimadzu Corporation is $8.3B. 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 Shimadzu Corporation (SHMZF)?
The price-to-sales ratio of Shimadzu Corporation is 2.10 (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 Shimadzu Corporation (SHMZF)?
Earnings per share at Shimadzu Corporation are $1.48 (price ÷ EPS = P/E 19.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shimadzu Corporation (SHMZF)?
The dividend yield of Shimadzu Corporation is 1.5% (payout 29.2%). 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 Shimadzu Corporation (SHMZF)?
The net margin of Shimadzu Corporation is 10.8% (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 Shimadzu Corporation (SHMZF)?
The return on equity (ROE) of Shimadzu Corporation is 12.3% (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 Shimadzu Corporation (SHMZF)?
On an EBIT basis the return on assets of Shimadzu Corporation is 10.8% (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 Shimadzu Corporation (SHMZF)?
The operating margin of Shimadzu Corporation is 10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shimadzu Corporation (SHMZF)?
Revenue at Shimadzu Corporation is growing +10.3% versus a year earlier (3y avg +5.4%). 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 Shimadzu Corporation (SHMZF)?
Earnings per share at Shimadzu Corporation are growing +68.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Shimadzu Corporation (SHMZF) hold?
Shimadzu Corporation holds more cash than debt, ¥158B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 12, 2026