Nitto Denko Corp
TSE:6988

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Nitto Denko Corp
TSE:6988
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Price: 2 997.5 JPY -0.18% Market Closed
Market Cap: ¥2T

P/S

2
Current
13%
More Expensive
vs 3-y average of 1.8

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

P/S
2
=
Market Cap
¥2.4T
/
Revenue
¥1T

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

P/S
2
=
Market Cap
¥2.4T
/
Revenue
¥1T

Valuation Scenarios

Nitto Denko Corp is trading above its 3-year average

If P/S returns to its 3-Year Average (1.8), the stock would be worth ¥2 655.48 (11% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-85%
Maximum Upside
No Upside Scenarios
Average Downside
51%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2 ¥2 997.5
0%
3-Year Average 1.8 ¥2 655.48
-11%
5-Year Average 0.3 ¥441.82
-85%
Industry Average 0.8 ¥1 160.6
-61%
Country Average 1.1 ¥1 669.06
-44%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥2.4T
/
Jan 2026
¥1T
=
2
Current
¥2.4T
/
Mar 2026
¥1T
=
2.3
Forward
¥2.4T
/
Mar 2027
¥1.1T
=
2.3
Forward
¥2.4T
/
Mar 2028
¥1.1T
=
2.2
Forward

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

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
JP
Nitto Denko Corp
TSE:6988
2T JPY 2 15
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.5T JPY 5.2 28.4
US
Sherwin-Williams Co
NYSE:SHW
79.7B USD 3.4 31
US
Ecolab Inc
NYSE:ECL
73.5B USD 4.6 35.4
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 1 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
282.8B CNY 1.3 21.5
CH
Givaudan SA
SIX:GIVN
25.7B CHF 3.4 23.9
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 9.3 54.8
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.3T INR 6.7 60.7
US
PPG Industries Inc
NYSE:PPG
24.2B USD 1.5 15.4
CH
Sika AG
F:SIKA
19.9B EUR 1.6 17.5

Market Distribution

Higher than 72% of companies in Japan
Percentile
72st
Based on 5 249 companies
72st percentile
2
Low
0 — 0.7
Typical Range
0.7 — 1.9
High
1.9 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1.1
70th Percentile 1.9
Max 12 107 466

Nitto Denko Corp
Glance View

Market Cap
2T JPY
Industry
Chemicals

Nitto Denko Corp., a trailblazer in the world of advanced material manufacturing, has carved a niche for itself by transforming everyday convenience and innovation. Rooted in its Japanese heritage, the company has evolved from its beginnings in 1918 as a modest producer of electrical insulation materials to becoming a multifaceted global powerhouse. Today, Nitto's portfolio stretches across a wide spectrum of industries, including electronics, healthcare, and automotive, each segment contributing to its diversified revenue streams. The secret to its success lies in a commitment to research and development, resulting in breakthrough products like polarizing films for LCD screens, which are indispensable to the visual clarity of digital devices, and specialized adhesives that find applications in automotive and medical fields. What sets Nitto Denko apart is its ability to anticipate market demands and innovate accordingly. The company's revenue generation can be attributed to its robust production of advanced optical films and industrial tapes, both critical components in consumer electronics and automotive manufacturing. Additionally, its investment in life sciences has led to lucrative ventures in transdermal drug delivery systems, showcasing its adaptability in the healthcare sector. By leveraging its technological expertise and strategic foresight, Nitto continues to maintain a competitive edge, ensuring steady growth and sustainability in rapidly evolving markets.

Intrinsic Value
2 715.64 JPY
Overvaluation 9%
Intrinsic Value
Price ¥2 997.5
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