Toyo Tire makes passenger, light truck and high-performance tyres under the Toyo and Nitto brands, with Nitto's motorsport and off-road lines giving it a premium niche that most Japanese tyre peers lack. The 38.7% gross margin is unusually high for a tyre maker and points to pricing power in its premium and replacement segments, which are less exposed to original-equipment cost pressure. Revenue growth of 3.6% is modest, but the 11.0% operating margin and 11.6% ROE suggest the business converts that growth into solid returns. At a trailing P/E of 10.8 and a forward P/E of 10.7, the market is paying little for earnings that are expected to hold roughly steady, so the question for a deeper look is whether margins can hold through the next cycle of raw material costs and auto volumes.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | ¥4650 | first publication | ¥4147 |
Answered from Toyo Tire Corporation fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 5105.T Toyo Tire Corporation | ¥4075.00 | - | - | 10.6x | 11.6% | 63 | 59 |
| 5991.T NHK Spring Co., Ltd. | ¥3218.00 | - | - | 18.1x | 8.1% | 48 | 64 |
| 6473.T JTEKT Corporation | ¥2038.00 | - | - | 33.6x | 2.7% | 43 | 64 |
| 7276.T Koito Manufacturing Co., Ltd. | ¥2640.00 | - | - | 32.9x | 3.8% | 39 | 61 |
| BALKRISIND.NS Balkrishna Industries Limited | ₹2110.20 | - | - | 29.0x | - | 80 | 66 |
| ENDURANCE.NS Endurance Technologies Limited | ₹2329.70 | - | - | 33.8x | - | 71 | 53 |
| 5110.T Sumitomo Rubber Industries, Ltd. | ¥1964.00 | - | - | 8.3x | 9.0% | 52 | 62 |
Where 5105.T ranks against its sector peers on each metric.