Industrials · Specialty Industrial Machinery · TSE · Japan
¥5587.00-0.66%
Market cap ¥5.17TNext earnings 2026-10-23Updated 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 opinionFanuc Corporation (6954.T)
Fair value
Not available
ACCE price target
¥5190
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ¥5587 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
58
out of 100
P/E
29.2x
forward 32.3x
1-year return
+15.5%
Dividend yield
1.90%
Fanuc Corporation in four questions
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Overview
ACCE thesis
Fanuc makes industrial robots, CNC controls and robomachines, and its CNC systems sit inside a large share of the world's machine tools, which gives it a installed base that is hard to displace. Its moat comes from that installed base and the switching costs of retrofitting factory automation around a different controller, backed by a 38.4% gross margin and a 23.2% operating margin. Revenue grew 17.7%, and the near-term question is how far the current factory automation and robot-order upcycle carries that growth. At 32.6x trailing earnings the stock is priced for sustained above-trend growth, with ROE of only 10.0% suggesting the capital base is large relative to returns. The name merits a deeper look to test whether margin and earnings growth can keep pace with that multiple.
⚠ Investor warnings · 1 flagAI-assisted·How I use AI
moderate
Price above ACCE target
The stock trades 7.6% above the ACCE price target of ¥5190.00 at ¥5587.00, and the P/E of 31.5 is rich for a company whose 5-year revenue CAGR is -12.6%.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 17.7% year over year in the latest filings, a sharp rebound after a weak multi-year stretch.
Net margin of 20.1% means Fanuc keeps a large share of each yen of sales as profit.
Latest quarterly earnings per share beat expectations by 4.3%, with 54.63 reported against 52.37 expected.
Why it could disappoint
Return on equity of 10.0% is low for a company trading at a forward P/E of 32.5x.
Five-year average revenue growth is negative at -12.6% per year, so the recent rebound is not yet a established trend.
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