Yamaha makes pianos, motorcycles, marine engines, audio equipment and musical instruments, which gives it an unusual spread across leisure and musical goods for a Japanese mid-cap. Its real edge is the Yamaha brand in musical instruments and outboard marine engines, two categories where durable products and dealer networks take decades to build. Revenue growth of 12.0% is the number to test, and the question for a PM is whether it reflects volume recovery in motorcycles and marine or price increases that could fade. At 17.3x trailing and 16.1x forward earnings, the stock is priced for steady rather than spectacular earnings, while an 8.2% operating margin and 6.8% ROE show the business is not yet converting growth into strong returns. The name merits a deeper look mainly to see whether margins can expand from here.
Plain-English pros, cons, and what to watch. Pro feature.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | ¥1370 | first publication | ¥1225 |
Answered from Yamaha Corporation fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 7951.T Yamaha Corporation | ¥1230.50 | - | - | 17.2x | 6.8% | 63 | 70 |
| 7731.T Nikon Corporation | ¥1739.50 | - | - | - | -15.2% | 39 | 37 |
| FDR.MC Fluidra | €18.00 | €15 | 21% above | 20.5x | 10.6% | 62 | 47 |
| YETI YETI Holdings Inc. Common Stock | $44.03 | $73 | 39% below | 18.2x | 25.3% | 82 | 75 |
| 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 |
| 2331.HK Li Ning Company Limited | HK$12.45 | HK$21 | 41% below | 9.8x | 10.8% | 71 | 54 |
Where 7951.T ranks against its sector peers on each metric.