Wacom Co. Ltd (WACMF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Wacom Co. Ltd stock $5.24, price $4.26, upside +23.0%, quality 86 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. As of Nov 7, 2026.
How to read this chart
60‑month range $2.36 – $5.35 · fair‑value band $3.42 – $7.40 · the $4.26 price screens below the $5.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Wacom Co., Ltd. develops, manufactures, and sells pen tablets and related software in Japan and internationally. It operates through two segments, Branded Business and Technology Solution Business.
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The company offers digital pens, multi-touch sensors, and touch panels to OEM customers for mobile products, as well as smartphones, tablets, PCs, eBooks, digital stationery, and music score devices.
It also provides pen computers, such as MobileStudio Pro; pen displays, including Wacom One, Wacom Cintiq, and Wacom Cintiq Pro; pen tablets comprising Wacom Intuos, Wacom Intuos Pro, Wacom One, and One by Wacom; Wacom Movink; and smart pads consisting of Bamboo Slate and Bamboo Folio.
In addition, the company offers Bamboo Ink, Bamboo Ink Plus, Bamboo Solo; and apps and services, such as Bamboo Paper, Inkspace, and Wacom Notes, as well as Wacom story book. Wacom Co., Ltd. was incorporated in 1983 and is headquartered in Kazo, Japan.
Stock analysis
Wacom Co. Ltd (WACMF) currently trades at $4.26, while our model-based Fair Value estimate is $5.24, implying the stock looks roughly 19% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $11.37 per share, and 20 of the 26 models we run sit above the $4.26 price.
Bear case: the Asset-Based group reads lowest at $0.9500, and 6 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.42 (bear) to $7.40 (bull), the price of $4.26 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 86/100 (high quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Wacom Co. Ltd reported revenue of ¥111B in FY2026 versus ¥109B in FY2022, a compound +0.4%/yr. Reported net income was ¥9.6B in FY2026, compounding −3.2%/yr from FY2022.
Key figures
Market cap $751M Small · P/E ratio 8.9 · P/S ratio 0.77 · EPS (TTM) $0.4800 · Dividend yield 3.4% · Net margin 8.7% · Return on equity 29.8% · Return on assets (EBIT) 12.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and below its previous 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at 23%, WACMF screens cheaper than that median.
Fair Value models
Bear$3.42Fair Value $5.24Bull$7.40
Price $4.26 · Upside +23.0%
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 ($0.2045 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.
Best data coverage
FCF DCF$4.65$6.30$8.5081
Growth DCF$4.70$6.17$8.0280
Owner Earnings$3.59$4.80$6.4077
All 26 models by family
DCF Models
FCF DCF$4.65$6.30$8.5081
Owner Earnings$3.59$4.80$6.4077
5Y Revenue Exit$5.59$8.49$12.1572
5Y EBITDA Exit$7.51$12.00$17.1675
5Y P/E Exit$7.39$11.78$16.2971
10Y Revenue Exit$5.01$7.43$10.5867
10Y EBITDA Exit$6.29$9.68$14.0868
10Y P/E Exit$6.22$9.54$13.4764
Earnings-Based
Graham-Dodd$3.11$8.61$11.3165
Lynch FV$1.72$2.46$3.2061
PEG = 1.0$1.72$2.46$3.2057
EPV$4.74$5.32$5.8074
Dividend Discount
Gordon GGM$1.71$3.18$4.5067
DDM Multi-Stage$1.71$2.57$3.3967
Multiples
P/E Multiple$9.60$12.81$16.0163
P/S Multiple$5.83$7.77$9.7258
P/B Multiple$7.44$9.92$12.4055
EV/EBIT$12.19$16.02$19.8666
EV/EBITDA$10.52$13.80$17.0767
EV/Revenue$6.50$8.99$11.4954
Asset-Based
NCAV (Graham)$0.6300$0.9500$1.1955
Growth DCF
Growth DCF$4.70$6.17$8.0280
Rev-Margin DCF$5.59$8.50$11.7473
Economic Profit
Residual Income$2.44$3.03$4.6075
ROIC Compounder$4.90$5.68$6.4572
Growth Earnings
Growth-Adj P/E$7.47$10.67$13.8767
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−4.3%
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.
−0.6%
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.
+0.4%
Start year 2021 (pandemic). Over 10 years: +3.6% 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.
+9.1%
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What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.6%
Dividend (yield on the price)3.4%
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.2.6% vs 15.2%, slowing
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.12% → 12%
2026 sits 142% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−3.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −5.5% a year for the price.
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 · 213 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score86 · Top 25%
Fair Value upside+23.0% · Above median
Profitability
Return on equity (12 months)29.8% · Top 25%
Return on assets14.7% · Top 25%
Net margin (12 months)9.2% · Above median
Operating margin (12 months)12.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−7.5% · Bottom 25%
Dividend yield (12 months)3.4% · Above median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
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Is Wacom Co. Ltd (WACMF) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $5.24 versus a price of $4.26, about +23% upside (undervalued).
What is the fair value of WACMF?
Our model-based fair value for Wacom Co. Ltd is $5.24 (as of Nov 7, 2026), built from audited fundamentals. The current price: $4.26.
What is the quality score of WACMF?
Wacom Co. Ltd has a Quality Score of 86/100. 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 Wacom Co. Ltd (WACMF)?
Our model-based price target is the fair value of $5.24 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $3.42, optimistic scenario $7.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Wacom Co. Ltd stock forecast for 2026?
Our models put fair value at $5.24, about +23% upside versus a price of $4.26 (undervalued). Cautious scenario $3.42, optimistic scenario $7.40. The calculation is refreshed regularly with new filings.
What is the revenue of Wacom Co. Ltd (WACMF)?
Wacom Co. Ltd reported trailing-twelve-month revenue of about ¥108B (latest available figure, as of Nov 7, 2026).
Does Wacom Co. Ltd pay a dividend?
Wacom Co. Ltd currently shows a dividend yield of 3.41% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Wacom Co. Ltd (WACMF) and when is the ex-dividend date?
Wacom Co. Ltd pays a dividend of $0.145 per share a year, a dividend yield of 3.4%. The next ex-dividend date is Mar 30, 2027. A dividend has been paid every year since at least 2011. The payout ratio is 31.8% of earnings. Free cash flow covers the dividend 2.80 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 Wacom Co. Ltd (WACMF)?
For today's price to be fair in a discounted-cash-flow model, Wacom Co. Ltd would have to grow free cash flow by -3.5 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of WACMF use?
Our models discount Wacom Co. Ltd at 10.5 %: a base by market capitalisation (small), 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 Wacom Co. Ltd that is -3.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Wacom Co. Ltd (WACMF) delivered so far?
Over the past 5 years revenue at Wacom Co. Ltd grew +0.4 % a year. The price currently implies free-cash-flow growth of -3.5 % 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 Wacom Co. Ltd (WACMF) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Wacom Co. Ltd (-3.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wacom Co. Ltd (WACMF)?
The free-cash-flow yield on the price is 9.46 %: that much free cash flow Wacom Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wacom Co. Ltd (WACMF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wacom Co. Ltd it is $5.24 per share (as of Nov 7, 2026), against a price of $4.26. 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 Wacom Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, WACMF trades below its calculated fair value: price $4.26, fair value $5.24, a gap of about +23% (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 WACMF?
No. The price is what the market pays today ($4.26); the fair value is what the company's own numbers justify ($5.24). For Wacom Co. Ltd the two are $0.9808 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wacom Co. Ltd worth?
The market values Wacom Co. Ltd at about $751M (market capitalisation, as of Nov 7, 2026). Per share that is $4.26; our models calculate a fair value of $5.24 per share.
What do the bullish and bearish scenarios say about WACMF?
Our models span a range for Wacom Co. Ltd: cautious scenario $3.42, base $5.24, optimistic $7.40 per share (as of Nov 7, 2026, price $4.26). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WACMF?
Wacom Co. Ltd trades at a price-to-earnings ratio of 8.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $5.24 is built from several models across several years. Other multiples: P/B 2.4, P/S 0.8, EV/EBITDA 6.9.
How solid is the balance sheet of Wacom Co. Ltd (WACMF)?
Balance-sheet figures for Wacom Co. Ltd (as of Nov 7, 2026): return on equity 29.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 86/100, which measures business quality independently of the share price.
How far is WACMF from its 52-week high?
Wacom Co. Ltd trades at $4.26, about 25% below its 52-week high of $5.66 and below the previous low of $5.25 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $5.24 is for.
Which stocks are comparable to Wacom Co. Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, 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 Wacom Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price $4.26, calculated fair value $5.24 (+23%), Quality Score 86/100, 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 WACMF calculated?
We run Wacom Co. Ltd 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 $5.24 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 13.3% above its aggregate fair value. Wacom Co. Ltd currently trades 19% 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 Wacom Co. Ltd (WACMF)?
The closing price on Nov 6, 2026 was $4.26. Our model-based fair value is $5.24, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wacom Co. Ltd right now?
A fairly wide model range ($3.42 to $7.40) 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. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Wacom Co. Ltd (WACMF) come from?
Earnings per share at Wacom Co. Ltd grew +10.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.1 %, EBIT margin −2.5 %, tax rate +1.4 %, residual (interest, one-offs) +5.5 %. 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 Wacom Co. Ltd
How large is the market capitalisation of Wacom Co. Ltd (WACMF)?
The market capitalisation of Wacom Co. Ltd is $751M. 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 Wacom Co. Ltd (WACMF)?
The price-to-sales ratio of Wacom Co. Ltd is 0.77 (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 Wacom Co. Ltd (WACMF)?
Earnings per share at Wacom Co. Ltd are $0.4800 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wacom Co. Ltd (WACMF)?
The dividend yield of Wacom Co. Ltd is 3.4% (payout 30.3%). 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 Wacom Co. Ltd (WACMF)?
The net margin of Wacom Co. Ltd is 8.7% (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 Wacom Co. Ltd (WACMF)?
The return on equity (ROE) of Wacom Co. Ltd is 29.8% (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 Wacom Co. Ltd (WACMF)?
On an EBIT basis the return on assets of Wacom Co. Ltd is 12.8% (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 Wacom Co. Ltd (WACMF)?
The operating margin of Wacom Co. Ltd is 12.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wacom Co. Ltd (WACMF)?
Revenue at Wacom Co. Ltd is growing −7.5% versus a year earlier (3y avg −0.6%). 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 Wacom Co. Ltd (WACMF)?
Earnings per share at Wacom Co. Ltd are growing +25.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Wacom Co. Ltd (WACMF) hold?
Wacom Co. Ltd holds more cash than debt, ¥14.4B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026