C

Cover Corp
OTC:COVCF

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Cover Corp
OTC:COVCF
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Price: 8.58 USD Market Closed
Market Cap: $524.4m

P/E

15.8
Current
41%
Cheaper
vs 3-y average of 27

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.8
=
Market Cap
$104.7B
/
Net Income
¥5.7B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.8
=
Market Cap
$104.7B
/
Net Income
¥5.7B

Valuation Scenarios

Cover Corp is trading below its 3-year average

If P/E returns to its 3-Year Average (27), the stock would be worth $14.65 (71% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+71%
Average Upside
48%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 15.8 $8.58
0%
3-Year Average 27 $14.65
+71%
5-Year Average 27 $14.65
+71%
Industry Average 22.9 $12.44
+45%
Country Average 17 $9.22
+8%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
$104.7B
/
Jan 2026
¥5.7B
=
15.8
Current
$104.7B
/
Mar 2026
¥6B
=
17.3
Forward
$104.7B
/
Mar 2027
¥7.9B
=
13.2
Forward
$104.7B
/
Mar 2028
¥9.7B
=
10.8
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Lower than 100% of companies in Japan
Percentile
0th
Based on 5 185 companies
0th percentile
0.1
Low
0 — 13.1
Typical Range
13.1 — 23
High
23 —
Distribution Statistics
Japan
Min 0
30th Percentile 13.1
Median 17
70th Percentile 23
Max 7 956 708

Cover Corp
Glance View

Market Cap
524.4m USD
Industry
Media

Cover Corp, founded in 2016 by visionary entrepreneur Motoaki Tanigo, is a pioneering entertainment company known prominently for its creation of Hololive Production, a virtual YouTuber (VTuber) agency. Operating at the intersection of technology and entertainment, Cover Corp capitalizes on the rising phenomenon of virtual personas who perform, stream, and interact with fans in real-time. These VTubers, animated using sophisticated 2D and 3D visual technologies, captivate audiences worldwide through a blend of idol performance culture and interactive media. Hololive's impressive roster of over 50 characters, drawing influences from popular anime design and internet culture, has fostered a unique digital entertainment ecosystem that engages millions of viewers globally. Revenue generation for Cover Corp thrives through a multifaceted business model. Central to its financial success is the monetization of VTuber content on platforms such as YouTube, where a substantial income stream is derived from super chats—donations made by fans during live streams. Additionally, the company leverages merchandise sales, offering a variety of products from digital content, such as voice packs, to physical goods, including apparel and character figurines. Sponsorships and collaborative projects with renowned brands further solidify its revenue strategy, as the immense popularity of VTubers presents lucrative partnership opportunities. By building a community-driven model that heavily relies on fan engagement and participation, Cover Corp has successfully carved out a profitable niche in the dynamic digital entertainment landscape.

COVCF Intrinsic Value
20.7 USD
Undervaluation 59%
Intrinsic Value
Price $8.58
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