Nikon makes cameras, interchangeable lenses, semiconductor lithography systems and industrial metrology equipment, and it sells across imaging and precision equipment rather than a single consumer category. Its moat sits mostly in optics and precision manufacturing, though the imaging side has been losing share to smartphones and mirrorless competitors for years, so the case rests on the precision segments holding up. Revenue is growing 3.8%, with a 40.2% gross margin that is healthy for the sector, but operating margin is slightly negative at -0.6% and ROE is -15.2%, so profitability is the open question. At a forward P/E of 16.4 the market is pricing in a recovery in earnings rather than paying for current results, which makes the next few quarters of margin progress the thing to test before going further.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ¥1800 | first publication | ¥1740 |
Answered from Nikon Corporation fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 7731.T Nikon Corporation | ¥1702.00 | - | - | - | -15.2% | 39 | 37 |
| 7951.T Yamaha Corporation | ¥1224.50 | - | - | 17.2x | 6.8% | 63 | 70 |
| FDR.MC Fluidra | €18.00 | €15 | 21% above | 20.5x | 10.6% | 62 | 47 |
| ASMDEE-B.ST Asmodee Group AB (publ) | kr 171.90 | kr 111 | 55% above | 78.7x | 2.4% | 55 | 70 |
| PLNT Planet Fitness Inc. Common Stock | $53.27 | $33 | 64% above | 18.1x | 0.0% | 55 | 51 |
| YETI YETI Holdings Inc. Common Stock | $44.03 | $73 | 39% below | 18.2x | 25.3% | 82 | 75 |
| 2331.HK Li Ning Company Limited | HK$12.45 | HK$21 | 41% below | 9.8x | 10.8% | 71 | 54 |
Where 7731.T ranks against its sector peers on each metric.