Yoshinoya Holdings Co., Ltd (YNOYF) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of Yoshinoya Holdings Co., Ltd $8.10, price $17.00, upside -52.4%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 23, 2026.
How to read this chart
5‑month range $16.93 – $17.00 · fair‑value band $5.67 – $10.89 · the $17.00 price screens above the $8.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 23, 2026.
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Yoshinoya Holdings Co., Ltd., through its subsidiaries, owns and operates restaurants in Japan and internationally. It also involved in management of beef bowl and other fast food restaurants and management advisory for franchised stores; self-service sanuki-style udon noodle; and business investment, fund management and franchisee recruitment.
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Yoshinoya Holdings Co., Ltd., through its subsidiaries, owns and operates restaurants in Japan and internationally. It also involved in management of beef bowl and other fast food restaurants and management advisory for franchised stores; self-service sanuki-style udon noodle; and business investment, fund management and franchisee recruitment. Yoshinoya Holdings Co., Ltd. was founded in 1899 and is headquartered in Tokyo, Japan.
Stock analysis
Yoshinoya Holdings Co., Ltd (YNOYF) currently trades at $17.00, while our model-based Fair Value estimate is $8.10, implying the stock looks roughly 109.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $10.30 per share, and 2 of the 24 models we run sit above the $17.00 price.
Bear case: the Asset-Based group reads lowest at $4.44, and 22 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $5.67 (bear) to $10.89 (bull), the price of $17.00 sits above 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 63/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Yoshinoya Holdings Co., Ltd reported revenue of ¥226B in FY2026 versus ¥168B in FY2023, a compound +10.3%/yr. Reported net income was ¥4.7B in FY2026, compounding −13.6%/yr from FY2023.
Key figures
Market cap $1.1B · P/E ratio 41.5 · P/S ratio 0.86 · EPS (TTM) $0.4100 · Net margin 2.1% · Return on equity 7.1% · Return on assets (EBIT) 5.7% · Operating margin 4.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
For context, the median of 10 Consumer Cyclical peers we cover trades at −22% fair-value upside, at −52%, YNOYF screens richer than that median.
Fair Value models
Bear $5.67Fair Value $8.10Bull $10.89
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.2336 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.Evidence ⓘEvidence = 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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.1%
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.
+10.3%
’23
’24
’25
’26
What shareholders gained per year (last 3 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 3 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.
−10.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.1%
Dividend (yield on the price)0.0%
Profit margin 2023 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.2% → 4%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+27.6%
Yearly growth needed for the next five years to justify today's price.
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 +24.9% a year for the price.
Compare Yoshinoya Holdings Co., Ltd with another stock
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.Restaurants · 224 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−52% · Bottom 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)5% · Above median
Growth and dividend
Revenue growth11% · Top 25%
Balance sheet
Debt / equity0.10× · Above median
Valuation Multiplesvs Restaurants median · lower = cheaper
P/E (TTM)41.5× · Priciest 25%
P/B2.57× · Pricier than median
P/S (TTM)0.77× · Pricier than median
P/FCF0.3× · Cheapest 25%
EV/EBITDA10.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)55· sector 18
PAST (return on equity)28· sector 21
HEALTH (low debt)95· sector 95
DIVIDEND (yield)0· sector 70
VALUE 0: the price sits above our fair-value range.
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.
Is Yoshinoya Holdings Co., Ltd (YNOYF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $8.10 versus a price of $17.00, about −52% upside (overvalued).
What is the fair value of YNOYF?
Our model-based fair value for Yoshinoya Holdings Co., Ltd is $8.10 (as of Sep 23, 2026), built from audited fundamentals. The current price: $17.00.
What is the quality score of YNOYF?
Yoshinoya Holdings Co., Ltd has a Quality Score of 63/100. 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 Yoshinoya Holdings Co., Ltd (YNOYF)?
Our model-based price target is the fair value of $8.10 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario $5.67, optimistic scenario $10.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Yoshinoya Holdings Co., Ltd stock forecast for 2026?
Our models put fair value at $8.10, about −52% upside versus a price of $17.00 (overvalued). Cautious scenario $5.67, optimistic scenario $10.89. The calculation is refreshed regularly with new filings.
What is the revenue of Yoshinoya Holdings Co., Ltd (YNOYF)?
Yoshinoya Holdings Co., Ltd reported trailing-twelve-month revenue of about ¥226B (latest available figure, as of Sep 23, 2026).
What growth is priced into Yoshinoya Holdings Co., Ltd (YNOYF)?
For today's price to be fair in a discounted-cash-flow model, Yoshinoya Holdings Co., Ltd would have to grow free cash flow by +27.6 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +10.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of YNOYF use?
Our models discount Yoshinoya Holdings Co., Ltd at 11.2 %: a base by market capitalisation (small), 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 Yoshinoya Holdings Co., Ltd that is +27.6 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Yoshinoya Holdings Co., Ltd (YNOYF) delivered so far?
Over the past 3 years revenue at Yoshinoya Holdings Co., Ltd grew +10.3 % a year. The price currently implies +27.6 % 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 Yoshinoya Holdings Co., Ltd (YNOYF) growing?
The median revenue growth in the sector is +5.4 % a year. That is the yardstick for the growth priced into Yoshinoya Holdings Co., Ltd (+27.6 % 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 Yoshinoya Holdings Co., Ltd (YNOYF)?
The free-cash-flow yield on the price is 2.35 %: that much free cash flow Yoshinoya Holdings Co., Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Yoshinoya Holdings Co., Ltd (YNOYF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yoshinoya Holdings Co., Ltd it is $8.10 per share (as of Sep 23, 2026), against a price of $17.00. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Yoshinoya Holdings Co., Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, YNOYF trades above its calculated fair value: price $17.00, fair value $8.10, a gap of about −52% (overvalued). 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 YNOYF?
No. The price is what the market pays today ($17.00); the fair value is what the company's own numbers justify ($8.10). For Yoshinoya Holdings Co., Ltd the two are $8.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is Yoshinoya Holdings Co., Ltd worth?
The market values Yoshinoya Holdings Co., Ltd at about $1.1B (market capitalisation, as of Sep 23, 2026). Per share that is $17.00; our models calculate a fair value of $8.10 per share.
What do the bullish and bearish scenarios say about YNOYF?
Our models span a range for Yoshinoya Holdings Co., Ltd: cautious scenario $5.67, base $8.10, optimistic $10.89 per share (as of Sep 23, 2026, price $17.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of YNOYF?
Yoshinoya Holdings Co., Ltd trades at a price-to-earnings ratio of 41.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.10 is built from several models across several years. Other multiples: P/B 2.6, P/S 0.8, EV/EBITDA 10.1.
How solid is the balance sheet of Yoshinoya Holdings Co., Ltd (YNOYF)?
Balance-sheet figures for Yoshinoya Holdings Co., Ltd (as of Sep 23, 2026): return on equity 7.1%, debt of 0.10 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
Which stocks are comparable to Yoshinoya Holdings Co., Ltd?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Chipotle Mexican Grill, Inc, Yum! Brands, Inc, 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 Yoshinoya Holdings Co., Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price $17.00, calculated fair value $8.10 (−52%), Quality Score 63/100, from 24 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 YNOYF calculated?
We run Yoshinoya Holdings Co., Ltd through 24 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 $8.10, 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 14.1 % above its aggregate fair value. Yoshinoya Holdings Co., Ltd itself currently trades above fair value. 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 Yoshinoya Holdings Co., Ltd (YNOYF)?
The closing price on Sep 18, 2026 was $17.00. Our model-based fair value is $8.10, about −52% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yoshinoya Holdings Co., Ltd right now?
The price sits above even our optimistic bull case ($10.89). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($5.67 to $10.89) leaves room in how you read the outcome.
Key figures of Yoshinoya Holdings Co., Ltd
How large is the market capitalisation of Yoshinoya Holdings Co., Ltd (YNOYF)?
The market capitalisation of Yoshinoya Holdings Co., Ltd is $1.1B. 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 Yoshinoya Holdings Co., Ltd (YNOYF)?
The price-to-sales ratio of Yoshinoya Holdings Co., Ltd is 0.86 (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 Yoshinoya Holdings Co., Ltd (YNOYF)?
Earnings per share at Yoshinoya Holdings Co., Ltd are $0.4100 (price ÷ EPS = P/E 41.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Yoshinoya Holdings Co., Ltd (YNOYF)?
The net margin of Yoshinoya Holdings Co., Ltd is 2.1% (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 Yoshinoya Holdings Co., Ltd (YNOYF)?
The return on equity (ROE) of Yoshinoya Holdings Co., Ltd is 7.1% (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 Yoshinoya Holdings Co., Ltd (YNOYF)?
On an EBIT basis the return on assets of Yoshinoya Holdings Co., Ltd is 5.7% (avg 4y). 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 Yoshinoya Holdings Co., Ltd (YNOYF)?
The operating margin of Yoshinoya Holdings Co., Ltd is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yoshinoya Holdings Co., Ltd (YNOYF)?
Revenue at Yoshinoya Holdings Co., Ltd is growing +10.9% versus a year earlier (3y avg +10.3%). 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 Yoshinoya Holdings Co., Ltd (YNOYF)?
Earnings per share at Yoshinoya Holdings Co., Ltd are growing +179% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Yoshinoya Holdings Co., Ltd (YNOYF) carry?
The net debt of Yoshinoya Holdings Co., Ltd is ¥9.0M (fiscal year 2023, ≈ 0.0 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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Some data
Sep 23, 2026