Menicon Co Ltd
TSE:7780

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Menicon Co Ltd
TSE:7780
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Price: 1 649 JPY -0.12% Market Closed
Market Cap: ¥126.6B

P/B

1.3
Current
5%
Cheaper
vs 3-y average of 1.4

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.3
=
Market Cap
¥139.1B
/
Total Equity
¥94B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.3
=
Market Cap
¥139.1B
/
Total Equity
¥94B

Valuation Scenarios

Menicon Co Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (1.4), the stock would be worth ¥1 732.8 (5% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+91%
Average Upside
39%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.3 ¥1 649
0%
3-Year Average 1.4 ¥1 732.8
+5%
5-Year Average 2.5 ¥3 154.13
+91%
Industry Average 2 ¥2 493.57
+51%
Country Average 1.4 ¥1 790.7
+9%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
JP
Menicon Co Ltd
TSE:7780
122.3B JPY 1.3 17.8
US
Medline Inc
NASDAQ:MDLN
58.8B USD 0 0
JP
Hoya Corp
TSE:7741
9.7T JPY 9.4 38.6
CH
Alcon AG
SIX:ALC
29.2B CHF 1.7 37.3
DK
Coloplast A/S
CSE:COLO B
94.7B DKK 6.8 23.5
US
Align Technology Inc
NASDAQ:ALGN
13.5B USD 3.3 33
UK
ConvaTec Group PLC
LSE:CTEC
4.3B GBP 3.8 32.7
CA
Bausch + Lomb Corp
NYSE:BLCO
5.6B USD 0.9 -15.5
JP
Asahi Intecc Co Ltd
TSE:7747
890.2B JPY 5.6 50.3
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
36.7B CNY 4.3 22.6
KR
HLB Inc
KOSDAQ:028300
8T KRW 19.1 -36.2
P/E Multiple
Earnings Growth PEG
JP
Menicon Co Ltd
TSE:7780
Average P/E: 32
17.8
14%
1.3
US
M
Medline Inc
NASDAQ:MDLN
Not Available
30%
N/A
JP
Hoya Corp
TSE:7741
38.6
15%
2.6
CH
Alcon AG
SIX:ALC
37.3
32%
1.2
DK
Coloplast A/S
CSE:COLO B
23.5
21%
1.1
US
Align Technology Inc
NASDAQ:ALGN
33
34%
1
UK
ConvaTec Group PLC
LSE:CTEC
32.7
41%
0.8
CA
Bausch + Lomb Corp
NYSE:BLCO
Negative Multiple: -15.5 N/A N/A
JP
A
Asahi Intecc Co Ltd
TSE:7747
50.3
40%
1.3
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
22.6
9%
2.5
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -36.2 N/A N/A

Market Distribution

In line with most companies in Japan
Percentile
44th
Based on 5 195 companies
44th percentile
1.3
Low
0 — 1.1
Typical Range
1.1 — 2.1
High
2.1 —
Distribution Statistics
Japan
Min 0
30th Percentile 1.1
Median 1.4
70th Percentile 2.1
Max 31 732 017.6

Menicon Co Ltd
Glance View

Market Cap
126.6B JPY
Industry
Health Care

Menicon Co., Ltd. engages in the manufacture and sale of contact lenses. The company is headquartered in Nagoya, Aichi-Ken and currently employs 3,860 full-time employees. The company went IPO on 2015-06-25. The firm has two business segments. With its subsidiaries, the Contact Lens segment is engaged in manufacture and sales of contact lens, care supplies and other goods. The Others segment is engaged in development and sales of veterinary medical products, decomposition accelerator of rice straw, composting accelerator of livestock excrement, assisted reproductive medicine and products of advanced medical fields, as well as management of contact lens retailer staff training school and provision of temporary staffing service, among others.

Intrinsic Value
1 163.08 JPY
Overvaluation 29%
Intrinsic Value
Price ¥1 649
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