Market cap ¥4.92TNext earnings 2026-11-12Updated Oct 24, 2026 · valuation updating
Our verdict
No fair value
We are missing the financial data our models need for this company. It will appear once the data arrives.
Not valued: there are no financial statements on file yet.
ACCE opinionBridgestone Corporation (5108.T)
Fair value
Not available
ACCE price target
¥3559
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ¥3985 at the close on 23 Oct 2026, 08:30 CEST.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
79
out of 100
P/E
20.2x
forward 7.1x
1-year return
+17.5%
Dividend yield
3.25%
Bridgestone Corporation in four questions
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Overview
ACCE thesis
Bridgestone makes tires for passenger cars, trucks, and off-the-road equipment, and it sells them under its own brand alongside Firestone and Blizzak, with a large share of its revenue coming from the replacement market rather than new vehicle sales. Its moat rests on scale in tire manufacturing and distribution, plus a broad dealer and fleet relationship network that is costly for a challenger to replicate. Revenue grew 14.2% over the period in the data, and the gross margin of 39.1% sits well above what most auto suppliers earn, which suggests pricing power has held up. The stock trades at 20.3x trailing earnings but only 7.1x forward earnings, a gap that means the market is either doubting the earnings recovery embedded in those estimates or pricing in a cyclical peak. With a 12.8% operating margin and 11.3% ROE, the question for a deeper look is whether the forward earnings base is durable enough to justify the multiple compression.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Earnings growth outpacing revenue
Earnings rose 210.1% YoY against revenue growth of 14.2%, and the 210.1% figure likely reflects a low prior base. Quality of the jump is worth checking before extrapolating.
moderate
Trades above ACCE price target
The stock trades 12.0% above the ACCE price target of ¥3559.00, with the current price at ¥3985.00. Position sizing should reflect that gap.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-22 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached JPY 342.1B, a strong cash return on the business.
Latest quarterly earnings beat expectations, with EPS of 90.93 against 69.75 expected, a surprise of +30.4%.
The dividend yield of 3.3% gives income while investors wait for the stock to re-rate.
Why it could disappoint
The forward P/E of 7.1x sits far below the trailing 20.2x, so the earnings base behind the valuation is unclear.
Revenue grew only +14.2% year over year, a far slower pace than the +65.2% average per year across five years.
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