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Obayashi Corp
TSE:1802

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Obayashi Corp
TSE:1802
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Price: 3 844 JPY 6.6% Market Closed
Market Cap: ¥2.7T

EV/S

1
Current
97%
More Expensive
vs 3-y average of 0.5

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1
=
Enterprise Value
¥3T
/
Revenue
¥2.6T

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1
=
Enterprise Value
¥3T
/
Revenue
¥2.6T

Valuation Scenarios

Obayashi Corp is trading above its 3-year average

If EV/S returns to its 3-Year Average (0.5), the stock would be worth ¥1 947.94 (49% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-63%
Maximum Upside
+6%
Average Downside
33%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1 ¥3 844
0%
3-Year Average 0.5 ¥1 947.94
-49%
5-Year Average 0.4 ¥1 419.37
-63%
Industry Average 0.8 ¥2 803.56
-27%
Country Average 1.1 ¥4 078.79
+6%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
¥3T
/
Jan 2026
¥2.6T
=
1
Current
¥3T
/
Mar 2026
¥2.6T
=
1.1
Forward
¥3T
/
Mar 2027
¥2.7T
=
1.1
Forward
¥3T
/
Mar 2028
¥2.9T
=
1
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

Market Distribution

In line with most companies in Japan
Percentile
48th
Based on 5 140 companies
48th percentile
1
Low
0 — 0.7
Typical Range
0.7 — 2
High
2 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1.1
70th Percentile 2
Max 12 107 466

Obayashi Corp
Glance View

Market Cap
2.7T JPY
Industry
Construction

Obayashi Corporation, with its roots tracing back to the late 19th century, stands as a formidable entity in the global construction industry. Established in 1892 in Osaka, Japan, the company has evolved from a modest construction firm into a diversified multinational conglomerate. Central to Obayashi’s operations is an unwavering focus on large-scale infrastructure projects, including skyscrapers, bridges, and tunnels. Tokyo’s iconic Skytree Tower, one of its remarkable achievements, underscores the company’s prowess in constructing structurally complex and highly technical projects. In addition to its construction expertise, Obayashi has ventured into various sectors such as real estate development, urban planning, and environmental technology. These subsidiaries complement its primary construction business, creating a diversified portfolio that mitigates risk and exploits opportunities in different market conditions. The company generates its revenue primarily through construction contracts, wherein it collaborates with clients across the public and private sectors. Typically, Obayashi takes on a project’s entire lifecycle, starting from design and planning to construction and maintenance. The firm’s strategic focus on innovation and sustainability sets it apart, with R&D investments yielding cutting-edge construction methods and eco-friendly building technologies. This emphasis on sustainability aligns with Obayashi's long-term vision and commitment to environmental stewardship. Moreover, its involvement in public-private partnership projects allows for additional revenue streams, as the company not only participates as a contractor but also occasionally as a project investor. This comprehensive approach has ensured Obayashi’s steady growth and solid reputation within the industry, making it a key player on the global stage.

Intrinsic Value
2 835.21 JPY
Overvaluation 26%
Intrinsic Value
Price ¥3 844
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