Terumo Corp (TRUMY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Terumo Corp stock $25.86, price $15.47, upside +67.2%, quality 62 out of 100. Rating: strongly 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 22, 2026.
How to read this chart
60‑month range $12.00 – $22.31 · fair‑value band $12.71 – $37.42 · the $15.47 price screens below the $25.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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Terumo Corporation engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.
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The company operates through four segments: Cardiac and Vascular Company, Medical Care Solutions Company, Blood and Cell Technologies Company, and Terumo Organ Technologies.
The Cardiac and Vascular Company segment offers angiographic guidewires, angiographic catheters, introducer sheaths, vascular closure devices, PTCA balloon catheters, coronary stents, self-expanding peripheral stents, intravascular ultrasound systems, imaging catheters, and others; coils, stents, and intrasaccular devices for treating cerebral aneurysm; embolization systems, aspiration catheters, and clot retrievers for treating ischemic stroke and others; oxygenators, cardio-pulmonary bypass systems, and others; and artificial vascular stent grafts, and others.
The Medical Care Solutions Company segment provides syringes, infusion pumps, syringe pumps, infusion lines, I.V. solutions, peritoneal dialysis fluids, pain management adhesion barriers, and others; blood glucose monitoring systems, disposable needles for pen-injector, insulin patch pumps, blood pressure monitors, digital thermometers, and others; and contract manufacturing of prefilled syringes, devices to pharmaceutical companies for use in drug kits, such as prefillable syringes, needles for pharmaceutical packaging business, and others.
The Blood and Cell Technologies Company segment offers blood bags, component collection systems, automated blood processing systems, pathogen reduction systems, centrifugal apheresis systems, cell expansion systems, and others.
The Terumo Organ Technologies segment provides organ preservation devices. The company was formerly known as Sekisen Ken-onki Corporation and changed its name to Terumo Corporation in October 1974. Terumo Corporation was incorporated in 1921 and is headquartered in Shibuya, Japan.
Stock analysis
Terumo Corp (TRUMY) currently trades at $15.47, while our model-based Fair Value estimate is $25.86, implying the stock looks roughly 40.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $28.93 per share, and 15 of the 26 models we run sit above the $15.47 price.
Bear case: the Dividend Discount group reads lowest at $3.45, and 11 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $12.71 (bear) to $37.42 (bull), the price of $15.47 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 Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Terumo Corp ADR reported revenue of ¥1.2T in FY2026 versus ¥703B in FY2022, a compound +14.3%/yr. Reported net income was ¥144B in FY2026, compounding +12.9%/yr from FY2022.
Key figures
Market cap $22.8B Large · P/E ratio 21.5 · P/S ratio 2.58 · EPS (TTM) $0.7200 · Dividend yield 1.2% · Net margin 12.0% · Return on equity 10.9% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 1% fair-value upside, at 67%, TRUMY screens cheaper than that median.
Fair Value models
Bear$12.71Fair Value $25.86Bull$37.42
Price $15.47 · Upside +67.2%
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 ($0.2984 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.8%
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.
+13.5%
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.
+14.3%
Start year 2021 (pandemic). Over 10 years: +8.6% 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.
+8.0%
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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.
+12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.7%
Dividend (yield on the price)1.2%
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.11.7% vs 11.1%, 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.16% → 16%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less 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).
+8.1%
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.
+4.8%
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 +5.9% a year for the price and +2.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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: Core strength lies in blood and cell technologies while the lack of a durable moat and average ROE limit competitive advantages.
Main risk: The exit from the plasma collection device supply deal risks longer earnings pressure if the move to apheresis fails to replace lost volume in core blood technologies.
Terumo is exiting a key plasma collection device supply deal after heavy prior investment, booking a substantial charge and lowering near-term profit guidance while redirecting resources to its core blood and cell technologies. Our models continue to view the business as undervalued. Will the move toward higher-margin apheresis and processing areas more than offset the lost volume over time, or will the shift create longer earnings pressure?
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.Medical Devices · 327 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+67.2% · Top 25%
Profitability
Return on equity (12 months)10.9% · Above median
Return on assets6.2% · Above median
Net margin (12 months)13.9% · Above median
Operating margin (12 months)28.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.9% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Medical Devices median · lower = cheaper
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As of Oct 22, 2026, our model estimates a fair value of $25.86 versus a price of $15.47, about +67% upside (undervalued).
What is the fair value of TRUMY?
Our model-based fair value for Terumo Corp ADR is $25.86 (as of Oct 22, 2026), built from audited fundamentals. The current price: $15.47.
What is the quality score of TRUMY?
Terumo 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 Terumo Corp (TRUMY)?
Our model-based price target is the fair value of $25.86 (as of Oct 22, 2026) from 26 valuation models. Cautious scenario $12.71, optimistic scenario $37.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Terumo Corp ADR stock forecast for 2026?
Our models put fair value at $25.86, about +67% upside versus a price of $15.47 (undervalued). Cautious scenario $12.71, optimistic scenario $37.42. The calculation is refreshed regularly with new filings.
What is the revenue of Terumo Corp (TRUMY)?
Terumo Corp ADR reported trailing-twelve-month revenue of about ¥1.2T (latest available figure, as of Oct 22, 2026).
Does Terumo Corp ADR pay a dividend?
Terumo Corp ADR currently shows a dividend yield of 1.24% relative to its recent price (as of Oct 22, 2026).
What growth is priced into Terumo Corp (TRUMY)?
For today's price to be fair in a discounted-cash-flow model, Terumo Corp ADR would have to grow free cash flow by +8.1 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.4 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of TRUMY use?
Our models discount Terumo Corp ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.31, 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 Terumo Corp ADR that is +8.1 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Terumo Corp (TRUMY) delivered so far?
Over the past 5 years revenue at Terumo Corp ADR grew +14.4 % a year. The price currently implies +8.1 % 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 Terumo Corp (TRUMY) growing?
The median revenue growth in the sector is +5.6 % a year. That is the yardstick for the growth priced into Terumo Corp ADR (+8.1 % 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 Terumo Corp (TRUMY)?
The free-cash-flow yield on the price is 4.31 %: that much free cash flow Terumo Corp ADR produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Terumo Corp (TRUMY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Terumo Corp ADR it is $25.86 per share (as of Oct 22, 2026), against a price of $15.47. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Terumo Corp ADR stock overvalued or undervalued in 2026?
As of Oct 22, 2026, TRUMY trades below its calculated fair value: price $15.47, fair value $25.86, a gap of about +67% (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 TRUMY?
No. The price is what the market pays today ($15.47); the fair value is what the company's own numbers justify ($25.86). For Terumo Corp ADR the two are $10.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Terumo Corp ADR worth?
The market values Terumo Corp ADR at about $22.8B (market capitalisation, as of Oct 22, 2026). Per share that is $15.47; our models calculate a fair value of $25.86 per share.
What do the bullish and bearish scenarios say about TRUMY?
Our models span a range for Terumo Corp ADR: cautious scenario $12.71, base $25.86, optimistic $37.42 per share (as of Oct 22, 2026, price $15.47). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRUMY?
Terumo Corp ADR trades at a price-to-earnings ratio of 21.5 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $25.86 is built from several models across several years. Other multiples: PEG 2.0, P/B 2.3, P/S 3.0, EV/EBITDA 11.1.
What is the PEG ratio of TRUMY?
The PEG ratio of Terumo Corp ADR is 2.04 (P/E divided by earnings growth, as of Oct 22, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Terumo Corp (TRUMY)?
Balance-sheet figures for Terumo Corp ADR (as of Oct 22, 2026): return on equity 10.9%, debt of 0.06 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is TRUMY from its 52-week high?
Terumo Corp ADR trades at $15.47, about 8% below its 52-week high of $16.77 and 29% above the low of $12.02 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $25.86 is for.
Which stocks are comparable to Terumo Corp ADR?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, 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 Terumo Corp ADR stock attractive at the current price?
The data as of Oct 22, 2026: price $15.47, calculated fair value $25.86 (+67%), Quality Score 62/100, 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 TRUMY calculated?
We run Terumo Corp ADR through 26 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 $25.86, 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. Terumo Corp ADR currently trades 40 % 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 Terumo Corp (TRUMY)?
The closing price on Oct 22, 2026 was $15.47. Our model-based fair value is $25.86, about +67% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Terumo Corp ADR right now?
The model range is unusually wide ($12.71 to $37.42). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Terumo Corp (TRUMY) come from?
Earnings per share at Terumo Corp ADR grew +11.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.4 %, EBIT margin +0.6 %, tax rate +1.5 %, residual (interest, one-offs) +0.2 %. 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 Terumo Corp ADR
How large is the market capitalisation of Terumo Corp (TRUMY)?
The market capitalisation of Terumo Corp ADR is $22.8B. 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 Terumo Corp (TRUMY)?
The price-to-sales ratio of Terumo Corp ADR is 2.58 (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 Terumo Corp (TRUMY)?
Earnings per share at Terumo Corp ADR are $0.7200 (price ÷ EPS = P/E 21.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Terumo Corp (TRUMY)?
The dividend yield of Terumo Corp ADR is 1.2% (payout 26.6%). 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 Terumo Corp (TRUMY)?
The net margin of Terumo Corp ADR is 12.0% (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 Terumo Corp (TRUMY)?
The return on equity (ROE) of Terumo Corp ADR is 10.9% (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 Terumo Corp (TRUMY)?
On an EBIT basis the return on assets of Terumo Corp ADR is 8.0% (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 Terumo Corp (TRUMY)?
The operating margin of Terumo Corp ADR is 28.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Terumo Corp (TRUMY)?
Revenue at Terumo Corp ADR is growing +19.9% versus a year earlier (3y avg +13.5%). 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 Terumo Corp (TRUMY)?
Earnings per share at Terumo Corp ADR are growing +68.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Terumo Corp (TRUMY) carry?
The net debt of Terumo Corp ADR is ¥99.7B (fiscal year 2026, ≈ 0.6 yrs of FCF). 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 22, 2026