Sapporo makes Sapporo Lager, Yebisu, Draft One and the Sapporo Premium Beer line in Japan, and it runs a sizeable real estate and food business alongside its beer. Its edge is brand scale in a domestic beer market where incumbents hold most of the shelf, but the reported numbers are weak: revenue growth of 0.7%, a 2.4% ROE and a negative operating margin of -3.0% against a 33.4% gross margin, which points to heavy costs below gross profit. The trailing P/E of 91.3 is distorted by depressed earnings, while the forward P/E of 11.4 implies the market expects a sharp recovery in profitability, so the thesis rests on whether that normalisation actually shows up in the numbers. Worth a deeper look only to test that gap between trailing and forward earnings, and to check what is driving the operating loss, before any view on the stock.
Plain-English pros, cons, and what to watch. Pro feature.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ¥1970 | first publication | ¥1968 |
Answered from Sapporo Breweries Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 2501.T Sapporo Breweries Limited | ¥2014.50 | - | - | 91.9x | 2.4% | 55 | 55 |
| 2531.T Takara Holdings Inc. | ¥2693.50 | - | - | 47.3x | 2.8% | 51 | 51 |
| TAP Molson Coors Beverage Company Class B Common Stock | $41.21 | $62 | 33% below | - | -19.5% | 44 | 43 |
| UBL.NS United Breweries Limited | ₹1142.60 | - | - | 79.1x | - | 67 | 32 |
| 0291.HK China Resources Beer (Holdings) Company Limited | HK$19.37 | HK$27 | 28% below | 20.6x | 6.3% | 75 | 49 |
| RBREW.CO Royal Unibrew A/S | kr 433.80 | kr 507 | 14% below | 13.3x | 26.2% | 77 | 56 |
| SAM Boston Beer Company Inc. (The) Common Stock | $202.28 | $266 | 24% below | - | -8.6% | 52 | 39 |
Where 2501.T ranks against its sector peers on each metric.