MIRARTH HOLDINGS,Inc. (TDI) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of MIRARTH HOLDINGS,Inc. stock €2.77, price €2.38, upside +16.2%, quality 31 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.
How to read this chart
60‑month range €1.59 – €3.03 · fair‑value band €2.71 – €3.48 · the €2.38 price screens below the €2.77 fair value. Dashed = 300-day average. As of Oct 27, 2026.
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MIRARTH HOLDINGS,Inc. engages in the real estate business in Japan.
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It plans, develops, sells, and trades in condominiums under the Leben and Nebel brands; detached housing sales business; real estate asset liquidation business; renovation and resale business; and provides real estate asset management, condominium management, and brokerage services.
The company also engages in the renewable electric power generation and sales, as well as the provision of investment opportunities and asset management services to various investors.
In addition, it is involved in the construction business; and hotel management business under the Hotel the Leben brand name. The company was formerly known as Takara Leben Co., Ltd. and changed its name to MIRARTH HOLDINGS,Inc. in October 2022.
The company was incorporated in 1972 and is headquartered in Tokyo, Japan.
Stock analysis
MIRARTH HOLDINGS,Inc. (TDI) currently trades at €2.38, while our model-based Fair Value estimate is €2.77, implying the stock looks roughly 13.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €6.49 per share, and 6 of the 9 models we run sit above the €2.38 price.
Bear case: the Asset-Based group reads lowest at €2.18, and 3 of the 9 models stay below the price. Data coverage for this calculation is high.
Scenario range: €2.71 (bear) to €3.48 (bull), the price of €2.38 sits below 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 31/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MIRARTH HOLDINGS,Inc. reported revenue of ¥214B in FY2026 versus ¥163B in FY2022, a compound +7.1%/yr. Reported net income was ¥4.8B in FY2026, compounding −6.5%/yr from FY2022.
Key figures
Market cap €324M Small · P/E ratio 12.5 · P/S ratio 0.28 · EPS (TTM) €0.1900 · Dividend yield 5.0% · Net margin 2.2% · Return on equity 8.6% · Return on assets (EBIT) 4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at 16%, TDI screens cheaper than that median.
Fair Value models
Bear€2.71Fair Value €2.77Bull€3.48
Price €2.38 · Upside +16.2%
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 7 months old). Earnings retained since then (€0.0407 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.43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.1%
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.
+11.8%
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.
+7.6%
Start year 2021 (pandemic). Over 10 years: +10.9% a year
Revenue growth 12 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.
+9.5%
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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.
+8.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.6%
Dividend (yield on the price)5.0%
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.−6.7% vs −4.7%, 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.7% → 8%
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.Real Estate - Development · 578 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside+16.2% · Below median
Profitability
Return on equity (12 months)8.6% · Above median
Return on assets1.1% · Below median
Net margin (12 months)3.2% · Below median
Operating margin (12 months)9.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)55.9% · Top 25%
Dividend yield (12 months)5.0% · Above median
Balance sheet
Debt / equity2.13× · Highest 25%
Valuation Multiplesvs Real Estate - Development 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.
Cite: Fair Value Calculator (2026). "MIRARTH HOLDINGS,Inc. Fair Value". https://www.fairvalue-calculator.com/stock/TDI
Frequently asked questions
Is MIRARTH HOLDINGS,Inc. (TDI) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €2.77 versus a price of €2.38, about +16% upside (undervalued).
What is the fair value of TDI?
Our model-based fair value for MIRARTH HOLDINGS,Inc. is €2.77 (as of Oct 27, 2026), built from audited fundamentals. The current price: €2.38.
What is the quality score of TDI?
MIRARTH HOLDINGS,Inc. has a Quality Score of 31/100. 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 MIRARTH HOLDINGS,Inc. (TDI)?
Our model-based price target is the fair value of €2.77 (as of Oct 27, 2026) from 9 valuation models. Cautious scenario €2.71, optimistic scenario €3.48. It is a calculation from audited fundamentals, not an analyst target.
What is the MIRARTH HOLDINGS,Inc. stock forecast for 2026?
Our models put fair value at €2.77, about +16% upside versus a price of €2.38 (undervalued). Cautious scenario €2.71, optimistic scenario €3.48. The calculation is refreshed regularly with new filings.
What is the revenue of MIRARTH HOLDINGS,Inc. (TDI)?
MIRARTH HOLDINGS,Inc. reported trailing-twelve-month revenue of about ¥229B (latest available figure, as of Oct 27, 2026).
Does MIRARTH HOLDINGS,Inc. pay a dividend?
MIRARTH HOLDINGS,Inc. currently shows a dividend yield of 5.00% relative to its recent price (as of Oct 27, 2026).
What is the intrinsic value of MIRARTH HOLDINGS,Inc. (TDI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MIRARTH HOLDINGS,Inc. it is €2.77 per share (as of Oct 27, 2026), against a price of €2.38. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is MIRARTH HOLDINGS,Inc. stock overvalued or undervalued in 2026?
As of Oct 27, 2026, TDI trades below its calculated fair value: price €2.38, fair value €2.77, 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 TDI?
No. The price is what the market pays today (€2.38); the fair value is what the company's own numbers justify (€2.77). For MIRARTH HOLDINGS,Inc. the two are €0.3863 per share apart. That gap is exactly why we show both numbers side by side.
How much is MIRARTH HOLDINGS,Inc. worth?
The market values MIRARTH HOLDINGS,Inc. at about €324M (market capitalisation, as of Oct 27, 2026). Per share that is €2.38; our models calculate a fair value of €2.77 per share.
What do the bullish and bearish scenarios say about TDI?
Our models span a range for MIRARTH HOLDINGS,Inc.: cautious scenario €2.71, base €2.77, optimistic €3.48 per share (as of Oct 27, 2026, price €2.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TDI?
MIRARTH HOLDINGS,Inc. trades at a price-to-earnings ratio of 12.5 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.77 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.2, EV/EBITDA 6.2.
How solid is the balance sheet of MIRARTH HOLDINGS,Inc. (TDI)?
Balance-sheet figures for MIRARTH HOLDINGS,Inc. (as of Oct 27, 2026): return on equity 8.6%, debt of 2.13 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is TDI from its 52-week high?
MIRARTH HOLDINGS,Inc. trades at €2.38, about 2% below its 52-week high of €2.44 and 29% above the low of €1.85 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €2.77 is for.
Which stocks are comparable to MIRARTH HOLDINGS,Inc.?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, Hongkong Land 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 MIRARTH HOLDINGS,Inc. stock attractive at the current price?
The data as of Oct 27, 2026: price €2.38, calculated fair value €2.77 (+16%), Quality Score 31/100, from 9 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 TDI calculated?
We run MIRARTH HOLDINGS,Inc. through 9 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 €2.77, 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 12.7 % above its aggregate fair value. MIRARTH HOLDINGS,Inc. 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 MIRARTH HOLDINGS,Inc. (TDI)?
The closing price on Oct 23, 2026 was €2.38. Our model-based fair value is €2.77, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MIRARTH HOLDINGS,Inc. right now?
The price is below even our cautious bear case (€2.71). The market is more pessimistic than our downside scenario. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of MIRARTH HOLDINGS,Inc.
How large is the market capitalisation of MIRARTH HOLDINGS,Inc. (TDI)?
The market capitalisation of MIRARTH HOLDINGS,Inc. is €324M. 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 MIRARTH HOLDINGS,Inc. (TDI)?
The price-to-sales ratio of MIRARTH HOLDINGS,Inc. is 0.28 (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 MIRARTH HOLDINGS,Inc. (TDI)?
Earnings per share at MIRARTH HOLDINGS,Inc. are €0.1900 (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MIRARTH HOLDINGS,Inc. (TDI)?
The dividend yield of MIRARTH HOLDINGS,Inc. is 5.0% (payout 62.8%). 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 MIRARTH HOLDINGS,Inc. (TDI)?
The net margin of MIRARTH HOLDINGS,Inc. is 2.2% (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 MIRARTH HOLDINGS,Inc. (TDI)?
The return on equity (ROE) of MIRARTH HOLDINGS,Inc. is 8.6% (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 MIRARTH HOLDINGS,Inc. (TDI)?
On an EBIT basis the return on assets of MIRARTH HOLDINGS,Inc. is 4.0% (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 MIRARTH HOLDINGS,Inc. (TDI)?
The operating margin of MIRARTH HOLDINGS,Inc. is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MIRARTH HOLDINGS,Inc. (TDI)?
Revenue at MIRARTH HOLDINGS,Inc. is growing +55.9% versus a year earlier (3y avg +11.8%). 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 MIRARTH HOLDINGS,Inc. (TDI)?
Earnings per share at MIRARTH HOLDINGS,Inc. are growing −55.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MIRARTH HOLDINGS,Inc. (TDI) generate?
The free cash flow of MIRARTH HOLDINGS,Inc. is −¥26.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does MIRARTH HOLDINGS,Inc. (TDI) carry?
The net debt of MIRARTH HOLDINGS,Inc. is ¥209B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 27, 2026