EN DE
Watch ITOCHU Corporation for free: we tell you when fair value or trend changes.
Data-driven stock valuation

ITOCHU Corporation (ITOCHU19) fair value: what the stock is really worth

As of Oct 22, 2026: fair value (intrinsic value) of ITOCHU Corporation stock THB 16.48, price THB 8.25, upside +99.8%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Industrials · TH · Based in Japan

IC ITOCHU Corporation logo Thin data Oct 20, 2026

ITOCHU Corporation

ITOCHU19 · BK

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

The stock costs 50% less than our calculation considers fair.

Fair value 16.48 THB · Strongly undervalued (+99.8%)
Healthy Growth (revenue 3y +2.1 %/yr in JPY)
Low debt
Generates free cash flow
Quality 56/100
Thin margins · 6.0% net margin (TTM)
Mixed vs. peers (6/15)
Moderate moat 54/100
Thin data
Watch ITOCHU Corporation for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

8.50 THB 5.95 THB Fair Value 16.48 THB Sep 2025 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 20, 2026.

How to read this chart

14‑month range 5.95 THB – 8.50 THB · fair‑value band 10.78 THB – 23.51 THB · the 8.25 THB price screens below the 16.48 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 20, 2026.

Follow ITOCHU in your weekly email

Every Wednesday you see whether ITOCHU is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

ITOCHU Corporation trades and imports/exports various products worldwide. It operates through eight segments: Textile, Machinery, Metals & Minerals, Energy & Chemicals, Food, General Products & Realty, ICT & Financial Business, and The 8th.

Show moreShow less

The company produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials.

It also engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and electricity sale; water, environment and waste-related; trading of ships, aircraft, automobiles, construction and industrial machinery, machine tools, environmental equipment, electronic devices, and related equipment; renewable and alternative energy; and waste recycling businesses.

In addition, the company develops metal and mineral resource; processes steel products; trades iron ore, coal, pig iron and ferrous raw materials, non-ferrous and light metals, steel products, nuclear fuels, and greenhouse gas emissions; and waste treatment activities.

Further, it trades in energy, chemical, and power including renewable energy; produces and distributes food; and develops new business fields and cultivates new partners.

The company also engages in pulp and paper, natural rubber, building products and materials, tire and automotive aftermarket related, and logistics business; development, sales, lease, and operation of real estate; IT solutions, internet-related services, business process outsourcing, medical and healthcare, satellite, content, and distribution of mobile phone devices and after-sales services; and financial and insurance services.

The company was founded in 1858 and is headquartered in Tokyo, Japan.

Stock analysis

ITOCHU Corporation (ITOCHU19) currently trades at 8.25 THB, while our model-based Fair Value estimate is 16.48 THB, implying the stock looks roughly 50.0% undervalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of 9.59 THB per share, and 2 of the 10 models we run sit above the 8.25 THB price.

Bear case: the Asset-Based group reads lowest at 1.78 THB, and 8 of the 10 models stay below the price. Data coverage for this calculation is low.

Scenario range: 10.78 THB (bear) to 23.51 THB (bull), the price of 8.25 THB sits below 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 56/100 (solid quality), in the Industrials sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

ITOCHU Corporation reported revenue of ¥14.8T in FY2026 versus ¥13.9T in FY2023, a compound +2.1%/yr. Reported net income was ¥900B in FY2026, compounding +4.0%/yr from FY2023.

Key figures

Market cap 3.4T THB (≈ $99.4B) Large · P/E ratio 17.9 · P/S ratio 1.09 · EPS (TTM) 0.4600 THB · Dividend yield 1.8% · Net margin 6.1% · Return on equity 14.1% · Return on assets (EBIT) 4.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).

What moves the price

The share trades about 3% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at 100%, ITOCHU19 screens cheaper than that median.

Fair Value models

Bear 10.78 THB Fair Value 16.48 THB Bull 23.51 THB
Price 8.25 THB · Upside +99.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (0.2609 THB 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
Growth DCF 3.38 THB 4.72 THB 7.02 THB 75
Owner Earnings 3.87 THB 5.47 THB 8.44 THB 73
Residual Income 3.17 THB 3.71 THB 4.69 THB 73
All 10 models by family
DCF Models
Owner Earnings 3.87 THB 5.47 THB 8.44 THB 73
5Y P/E Exit 4.31 THB 7.03 THB 10.31 THB 67
10Y P/E Exit 3.84 THB 5.91 THB 8.05 THB 61
Earnings-Based
Graham-Dodd 3.10 THB 5.23 THB 6.37 THB 64
Multiples
P/E Multiple 7.19 THB 9.59 THB 11.99 THB 63
P/B Multiple 8.99 THB 11.99 THB 14.99 THB 55
Asset-Based
NCAV (Graham) 1.33 THB 1.78 THB 2.66 THB 54
Growth DCF
Growth DCF 3.38 THB 4.72 THB 7.02 THB 75
Rev-Margin DCF 2.38 THB 3.83 THB 5.69 THB 69
Economic Profit
Residual Income 3.17 THB 3.71 THB 4.69 THB 73

Open the full fair value analysis →

Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 44
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 47
Do the profits arrive as real cash?
Financial strength 45
Debt, balance sheet and risk of trouble
Investment 68
Does it invest with discipline instead of growing at any price?
Low Volatility 82
How calm the share price moves, does not count
Momentum 74
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 83
Distance to the 52-week high, does not count
New shares 95
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.7%
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.
+2.1%
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.
+7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.2%
Dividend (yield on the price)1.8%
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.5% → 5%

Watch ITOCHU19, get fair value alerts →

Compare ITOCHU Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Conglomerates · 350 stocks

Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside +99.8% · Top 25%
Profitability
Return on equity (12 months) 14.1% · Top 25%
Return on assets 5.4% · Top 25%
Net margin (12 months) 6.0% · Above median
Operating margin (12 months) 5.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 8.9% · Above median
Dividend yield (12 months) 1.8% · Below median
Balance sheet
Debt / equity 0.44× · Above median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (12 months) 17.9× · Pricier than median
P/B 2.36× · Priciest 25%
P/S (12 months) 1.03× · Pricier than median
Price / free cash flow 18.4× · Pricier than median
EV/EBITDA 19.3× · Priciest 25%
PEG 2.81× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 48
FUTURE (revenue growth)45 · sector 36
PAST (return on equity)56 · sector 22
HEALTH (low debt)78 · sector 90
DIVIDEND (yield)37 · sector 45

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SGH Limited SGH A$40.04 A$56.23 +40% vs ITOCHU19
Jardine Matheson Holdings J36 $56.78 $78.52 +38% vs ITOCHU19
Honeywell International Inc HON $218.31 $245.42 +12% vs ITOCHU19
thyssenkrupp AG TKA €14.24 €15.69 +10% vs ITOCHU19
Kingdom Holding 4280 12.69 SAR 13.40 SAR +6% vs ITOCHU19
Koç Holding KCHOL 203.30 TRY 182.26 TRY −10% vs ITOCHU19
SK Inc 034730 482,000 KRW 348,189 KRW −28% vs ITOCHU19
3M Company MMM $174.74 $73.02 −58% vs ITOCHU19
Keppel Ltd BN4 10.05 SGD 3.87 SGD −61% vs ITOCHU19
Swire Pacific Limited 0019 HK$105.50 HK$28.48 −73% vs ITOCHU19

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

ITOCHU Corporation · Fair Value
16.48 THB +50%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "ITOCHU Corporation Fair Value". https://www.fairvalue-calculator.com/stock/ITOCHU19

Frequently asked questions

Is ITOCHU Corporation (ITOCHU19) overvalued or undervalued?
As of Oct 20, 2026, our model estimates a fair value of 16.48 THB versus a price of 8.25 THB, about +100% upside (undervalued).
What is the fair value of ITOCHU19?
Our model-based fair value for ITOCHU Corporation is 16.48 THB (as of Oct 20, 2026), built from audited fundamentals. The current price: 8.25 THB.
What is the quality score of ITOCHU19?
ITOCHU Corporation has a Quality Score of 56/100. 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 ITOCHU Corporation (ITOCHU19)?
Our model-based price target is the fair value of 16.48 THB (as of Oct 20, 2026) from 10 valuation models. Cautious scenario 10.78 THB, optimistic scenario 23.51 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the ITOCHU Corporation stock forecast for 2026?
Our models put fair value at 16.48 THB, about +100% upside versus a price of 8.25 THB (undervalued). Cautious scenario 10.78 THB, optimistic scenario 23.51 THB. The calculation is refreshed regularly with new filings.
What is the revenue of ITOCHU Corporation (ITOCHU19)?
ITOCHU Corporation reported trailing-twelve-month revenue of about ¥15.1T (latest available figure, as of Oct 20, 2026).
Does ITOCHU Corporation pay a dividend?
ITOCHU Corporation currently shows a dividend yield of 1.85% relative to its recent price (as of Oct 20, 2026).
What is the intrinsic value of ITOCHU Corporation (ITOCHU19)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ITOCHU Corporation it is 16.48 THB per share (as of Oct 20, 2026), against a price of 8.25 THB. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is ITOCHU Corporation stock overvalued or undervalued in 2026?
As of Oct 20, 2026, ITOCHU19 trades below its calculated fair value: price 8.25 THB, fair value 16.48 THB, a gap of about +100% (undervalued). 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 ITOCHU19?
No. The price is what the market pays today (8.25 THB); the fair value is what the company's own numbers justify (16.48 THB). For ITOCHU Corporation the two are 8.23 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is ITOCHU Corporation worth?
The market values ITOCHU Corporation at about 3.4T THB (market capitalisation, as of Oct 20, 2026). Per share that is 8.25 THB; our models calculate a fair value of 16.48 THB per share.
What do the bullish and bearish scenarios say about ITOCHU19?
Our models span a range for ITOCHU Corporation: cautious scenario 10.78 THB, base 16.48 THB, optimistic 23.51 THB per share (as of Oct 20, 2026, price 8.25 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITOCHU19?
ITOCHU Corporation trades at a price-to-earnings ratio of 17.9 (as of Oct 20, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16.48 THB is built from several models across several years. Other multiples: PEG 2.8, P/B 2.4, P/S 1.0, EV/EBITDA 19.3.
What is the PEG ratio of ITOCHU19?
The PEG ratio of ITOCHU Corporation is 2.81 (P/E divided by earnings growth, as of Oct 20, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of ITOCHU Corporation (ITOCHU19)?
Balance-sheet figures for ITOCHU Corporation (as of Oct 20, 2026): return on equity 14.1%, debt of 0.44 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is ITOCHU19 from its 52-week high?
ITOCHU Corporation trades at 8.25 THB, about 3% below its 52-week high of 8.50 THB and 35% above the low of 6.10 THB (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of 16.48 THB is for.
Which stocks are comparable to ITOCHU Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 ITOCHU Corporation stock attractive at the current price?
The data as of Oct 20, 2026: price 8.25 THB, calculated fair value 16.48 THB (+100%), Quality Score 56/100, from 10 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 ITOCHU19 calculated?
We run ITOCHU Corporation through 10 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 16.48 THB, 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 12.3 % above its aggregate fair value. ITOCHU Corporation currently trades 50 % below its own fair value, and the market average says nothing about that. 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 ITOCHU Corporation (ITOCHU19)?
The closing price on Oct 22, 2026 was 8.25 THB. Our model-based fair value is 16.48 THB, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ITOCHU Corporation right now?
The price is below even our cautious bear case (10.78 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (10.78 THB to 23.51 THB) leaves room in how you read the outcome.

Key figures of ITOCHU Corporation

How large is the market capitalisation of ITOCHU Corporation (ITOCHU19)?
The market capitalisation of ITOCHU Corporation is 3.4T THB (≈ $99.4B). 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 ITOCHU Corporation (ITOCHU19)?
The price-to-sales ratio of ITOCHU Corporation is 1.09 (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 ITOCHU Corporation (ITOCHU19)?
Earnings per share at ITOCHU Corporation are 0.4600 THB (price ÷ EPS = P/E 17.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ITOCHU Corporation (ITOCHU19)?
The dividend yield of ITOCHU Corporation is 1.8% (payout 33.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ITOCHU Corporation (ITOCHU19)?
The net margin of ITOCHU Corporation is 6.1% (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 ITOCHU Corporation (ITOCHU19)?
The return on equity (ROE) of ITOCHU Corporation is 14.1% (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 ITOCHU Corporation (ITOCHU19)?
On an EBIT basis the return on assets of ITOCHU Corporation is 4.8% (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 ITOCHU Corporation (ITOCHU19)?
The operating margin of ITOCHU Corporation is 5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ITOCHU Corporation (ITOCHU19)?
Revenue at ITOCHU Corporation is growing +8.9% versus a year earlier (3y avg +2.1%). 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 ITOCHU Corporation (ITOCHU19)?
Earnings per share at ITOCHU Corporation are growing +4.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ITOCHU Corporation (ITOCHU19) generate?
The free cash flow of ITOCHU Corporation is ¥847B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ITOCHU Corporation (ITOCHU19) carry?
The net debt of ITOCHU Corporation is ¥3.1T (fiscal year 2026, ≈ 3.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch ITOCHU Corporation in the live analysis

One click puts ITOCHU Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.