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Data-driven stock valuation

Toray Industries Inc ADR (TRYIY) fair value: what the stock is really worth

We calculate from audited financials what Toray Industries Inc ADR is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Consumer Cyclical · US · Market cap $10.6B · ISIN US8908802064

At a glance

TI Toray Industries Inc ADR logo Toray Industries Inc ADR TRYIY · US
Price$15.92
Fair Value$14.22
Upside−10.7%
Quality57/100

A solid business, but trading 12% above our fair value of $14.22.

As of Sep 8, 2026, the fair value of Toray Industries Inc ADR is $14.22 per share against a price of $15.92, so the fair value sits 11% below the price. A model estimate from reported figures, not an analyst target.

✓Healthy Growth (revenue 5y +7.8 %/yr)
!Thin margins · 3.1% net margin
✓Low debt · generates free cash flow
·1.74% dividend yield
✓Ranks above peers (10/14)
!Narrow moat 34/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 19 out of 100
!Weak on past: 19 out of 100
Evidence: Medium Range $9.52 to $20.68

Fair value as of: Sep 8, 2026

From 23 valuation models · updated today

Fair value updated Sep 8, 2026, revised from $14.00 to $14.22 (+1.6%) since Sep 5, 2026. Share price +6.1% over the past month.

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range ($9.52 to $20.68) leaves room in how you read the outcome.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

$17.25 $8.26 Fair Value $14.22 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.

How to read this chart

60‑month range $8.26 – $17.25 · fair‑value band $9.52 – $20.68 · the $15.92 price screens above the $14.22 fair value. Dashed = 300-day average. As of Sep 8, 2026.

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Analysis

Toray Industries Inc ADR (TRYIY) currently trades at $15.92, while our model-based Fair Value estimate is $14.22, implying the stock looks roughly 12.0% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of $16.03 per share, and 6 of the 23 models we run sit above the $15.92 price. Bear case: the Growth DCF group reads lowest at $8.22, and 17 of the 23 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Toray Industries Inc ADR generated revenue of ¥2.6T at a net margin of 3.1%. Revenue declined 2.7% year over year. It earns a return on equity of 4.8%. Net debt stands at ¥643B. Fundamentals as of Sep 8, 2026

Scenario range: $9.52 (bear) to $20.68 (bull), the price of $15.92 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 8% below its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −36% fair-value upside, at −11%, TRYIY screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model 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. Evidence
Highest evidence
FCF DCF $5.01 $8.29 $13.02 79
Growth DCF $5.20 $8.22 $12.38 78
Owner Earnings $4.94 $8.19 $12.88 75
All 23 models by family
DCF Models
FCF DCF $5.01 $8.29 $13.02 79
Owner Earnings $4.94 $8.19 $12.88 75
5Y Revenue Exit $8.11 $14.41 $22.28 71
5Y EBITDA Exit $14.20 $25.33 $37.99 74
5Y P/E Exit $7.88 $14.00 $20.17 70
10Y Revenue Exit $6.52 $11.94 $18.87 65
10Y EBITDA Exit $10.71 $19.37 $30.42 67
10Y P/E Exit $6.75 $11.67 $17.32 63
Earnings-Based
Graham-Dodd $5.42 $13.50 $17.51 65
PEG = 1.0 $2.46 $3.52 $4.57 57
EPV $9.46 $11.38 $13.06 74
Multiples
P/E Multiple $13.16 $17.54 $21.93 63
P/S Multiple $10.17 $13.55 $16.94 58
P/B Multiple $10.17 $13.55 $16.94 55
EV/EBIT $16.72 $22.98 $29.24 66
EV/EBITDA $22.34 $30.47 $38.60 67
EV/Revenue $10.61 $16.03 $21.45 53
Asset-Based
NCAV (Graham) $8.55 $11.45 $17.09 54
Growth DCF
Growth DCF $5.20 $8.22 $12.38 78
Rev-Margin DCF $8.11 $14.40 $21.19 72
Economic Profit
Residual Income $12.98 $13.03 $12.23 71
ROIC Compounder $9.46 $11.38 $13.06 72
Growth Earnings
Growth-Adj P/E $10.09 $14.42 $18.74 67

Widest divergence: Multiples ($16.03) versus Growth DCF ($8.22). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 24.1
P/S ratio 0.74 P/E × margin
EPS (TTM) $0.6600 price ÷ EPS = P/E 24.1
Dividend yield 1.7% payout 42.0%
Net margin 3.1% FY2026
Return on equity 4.8% TTM
More key figures
Profitability
Return on assets (EBIT) 3.8% avg 5y
Operating margin 3.9% TTM
Growth
Revenue (TTM) ¥2.6T TTM
Revenue growth (YoY) −2.7% 3y avg +3.3%
EPS growth (YoY) −26.8%
Balance sheet & cash flow
Free cash flow ¥69.2B FY2026
Net debt ¥643B FY2026 · ≈ 9.3 yrs of FCF

Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 68

Profitability 33
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally.

Full company description

Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-microfiber non-woven fibers; and apparel products. It also provides nylon, ABS, PBT, PPS, and other resins and molded products; polyolefin foam products; polyester, polyethylene, polypropylene, and other films; processed film products; raw materials for synthetic fibers and other plastics; fine chemicals; electronic and information materials; and graphic materials. In addition, the company offers carbon fibers, carbon fiber composite materials, and molded products; analysis, physical evaluation, research, and other services; and pharmaceuticals, medical devices, etc. Further, it provides engineering services; condominiums; industrial equipment and machinery; water treatment membranes and related equipment; and materials for housing, building, and civil engineering applications. Additionally, it offers TORAYVINO, a household water purifier; Toraysee, a cleaning cloth made with ultra-microfiber; 3D-Gene, a high-sensitivity DNA chip; materials and solutions for automobiles; and semiconductors combined support for materials, equipment, and analysis, as well as provides services, including design, procurement, and construction of factory building, air conditioning, production equipment, and utilities right. It offers its products through & +, Ultrasuede, Ecsaine, senbism, LIVMOA, hitoe, 3DeFX+, and TORAIN brand names. The company was formerly known as Toyo Rayon Co., Ltd. and changed its name to Toray Industries, Inc. in 1970. Toray Industries, Inc. was incorporated in 1926 and is headquartered in Tokyo, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Toray Industries Inc ADR reported revenue of ¥2.7T in FY2026 versus ¥2.2T in FY2022, a compound +5.3%/yr. Reported net income was ¥84.3B in FY2026, compounding +0.0%/yr from FY2022.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$2.7T
Latest YoY
+6.9%
Avg. revenue growth/yr (3Y) ⓘ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.
+3.3%
Avg. revenue growth/yr (5Y) ⓘ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.
+7.8%
Avg. revenue growth/yr (29Y) ⓘ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.
+3.4%
Value creation/yr (5Y, in JPY) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+3.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+1.4%
Dividend yield1.7%
Trend ⓘ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.5Y 1.4% vs 10Y 0.0%, steady
Operating margin (EBIT) ⓘ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.4.8% (2021) → 5.4% (2026) · steady
Worst earnings drop128% (2009) (loss year, drop beyond 100%) · in USD
Revenue +5.3%/yr
FY22 ¥2.2T
FY23 ¥2.5T
FY24 ¥2.5T
FY25 ¥2.6T
FY26 ¥2.7T
Net income +0.0%/yr
FY22 ¥84.2B
FY23 ¥72.8B
FY24 ¥21.9B
FY25 ¥77.9B
FY26 ¥84.3B
Character of growth · EPS growth decomposed (2015-2026) −3.6 % p.a.
Revenue per share +2.9 %

of which total revenue +2.6 % · buybacks/dilution +0.2 %

EBIT margin −4.0 %
Tax rate +0.2 %
Residual (interest, one-offs) −2.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

TRYIY screens 12% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Toray Industries Inc ADR Fair Value". https://www.fairvalue-calculator.com/stock/TRYIY

Peer Group

Textile Manufacturing · 332 stocks

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.

Valuation
Quality Score 57 · Above median
Fair Value upside −12% · Above median
Profitability
Return on equity (TTM) 5% · Above median
Return on assets 2% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 4% · Below median
Growth and dividend
Revenue growth −3% · Below median
Dividend yield (TTM) 1.7% · Above median
Balance sheet
Debt / equity 0.27× · Above median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 24.1× · Pricier than median
P/FCF 0.2× · Cheaper than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Toray Industries Inc ADR deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+11.6 % per year
Achieved revenue growth, 5 years+7.8 % p.a.
Sector median revenue growth+2.6 %
FCF yield on price3.76 %
Discount rate (WACC) in the models8.1 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE19 · sector 3
FUTURE0 · sector 0
PAST19 · sector 15
HEALTH87 · sector 95
DIVIDEND35 · sector 34

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$37.94 HK$68.35 +80%
Tongkun Group 601233 ¥22.67 ¥14.53 −36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.95 ¥14.35 +11%
K.P.R. Mill Limited KPRMILL ₹1,124 ₹467.49 −58%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.57 ¥11.85 −83%
Zhejiang Orient Holdings 600120 ¥4.89 ¥2.21 −55%
Vardhman Textiles Limited VTL ₹592.75 ₹437.53 −26%
Albany International Corp AIN $59.92 $18.40 −69%
Welspun Living Limited WELSPUNLIV ₹190.40 ₹47.44 −75%
Bros Eastern.,Ltd 601339 ¥7.88 ¥7.87 +0%

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Frequently asked questions

Is Toray Industries Inc ADR (TRYIY) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of $14.22 versus a price of $15.92, about −11% upside (overvalued).
What is the fair value of TRYIY?
Our model-based fair value for Toray Industries Inc ADR is $14.22 (as of Sep 8, 2026), built from audited fundamentals. The current price: $15.92.
What is the quality score of TRYIY?
Toray Industries Inc ADR has a Quality Score of 57/100. 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 Toray Industries Inc ADR (TRYIY)?
Our model-based price target is the fair value of $14.22 (as of Sep 8, 2026) from 23 valuation models. Cautious scenario $9.52, optimistic scenario $20.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Toray Industries Inc ADR stock forecast for 2026?
Our models put fair value at $14.22, about −11% upside versus a price of $15.92 (overvalued). Cautious scenario $9.52, optimistic scenario $20.68. The calculation is refreshed regularly with new filings.
What is the revenue of Toray Industries Inc ADR (TRYIY)?
Toray Industries Inc ADR reported trailing-twelve-month revenue of about ¥2.6T (latest available figure, as of Sep 8, 2026).
What is the net profit margin of TRYIY?
The net profit margin of Toray Industries Inc ADR is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Toray Industries Inc ADR pay a dividend?
Toray Industries Inc ADR currently shows a dividend yield of about 1.74% relative to its recent price (as of Sep 8, 2026).
What growth is priced into Toray Industries Inc ADR (TRYIY)?
For today's price to be fair in a discounted-cash-flow model, Toray Industries Inc ADR would have to grow free cash flow by +11.6 % per year for ten years (discount rate 8.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +7.8 % per year. As of Sep 8, 2026.
What discount rate (WACC) does the fair value of TRYIY use?
Our models discount Toray Industries Inc ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.45, country premium for USA. The same rate applies in all 26 models.
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