JAPAF (Japan Tobacco) Earnings per Share (Diluted): $2.06 (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JAPAF Japan Tobacco Inc JAPAF
76 GF Score
Price $36.62
GF Value $32.99
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Japan Tobacco Earnings per Share (Diluted)?

Japan Tobacco JAPAF 76 Earnings per Share (Diluted) is $2.06 as of Mar. 2026. GuruFocus rates JAPAF with a GF Score™ of 76/100 and a GF Value™ of $32.99 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 42 Tobacco Products companies, Japan Tobacco ranks worse than 52.38% on this metric.

Japan Tobacco's Earnings per Share (Diluted) for the three months ended in Mar. 2026 was $0.70. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $2.06.

Japan Tobacco's EPS (Basic) for the three months ended in Mar. 2026 was $0.70. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $2.06.

Japan Tobacco's EPS without NRI for the three months ended in Mar. 2026 was $0.70. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $2.02.

During the past 12 months, Japan Tobacco's average EPS without NRIGrowth Rate was 211.50% per year. During the past 3 years, the average EPS without NRIGrowth Rate was 4.10% per year. During the past 5 years, the average EPS without NRI Growth Rate was 1.30% per year. During the past 10 years, the average EPS without NRI Growth Rate was -1.30% per year.

During the past 13 years, Japan Tobacco's highest 3-Year average EPS without NRI Growth Rate was 156.10% per year. The lowest was -48.90% per year. And the median was 8.40% per year.


Japan Tobacco  (OTCPK:JAPAF) Earnings per Share (Diluted) Explanation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Japan Tobacco Earnings per Share (Diluted) Related Terms


Japan Tobacco Earnings per Share (Diluted) Historical Data

* Premium members only.

The historical data trend for Japan Tobacco's Earnings per Share (Diluted) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Japan Tobacco Earnings per Share (Diluted) Chart

Japan Tobacco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings per Share (Diluted)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 1.85 1.89 0.66 1.84

Japan Tobacco Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Earnings per Share (Diluted) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.63 0.73 -0.01 0.70

JAPAF vs PM, MO, TPB: Earnings per Share (Diluted) Comparison

For the Tobacco subindustry, Japan Tobacco's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Japan Tobacco PE Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's PE Ratio distribution charts can be found below:

* The bar in red indicates where Japan Tobacco's PE Ratio falls into.


JAPAF
76GF Score
Japan Tobacco Inc JAPAF
Earnings per Share (Diluted) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Tobacco Earnings per Share (Diluted) Calculation

Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.

Japan Tobacco's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as

Diluted Earnings Per Share (A: Dec. 2025 ) = (Net Income - Preferred Dividends) / Shares Outstanding (Diluted Average)
=(3272.135-0)/1775.597
=1.84

Japan Tobacco's Earnings Per Share (Diluted) for the quarter that ended in Mar. 2026 is calculated as

Diluted Earnings Per Share (Q: Mar. 2026 )=(Net Income - Preferred Dividends / Shares Outstanding (Diluted Average)
=(1241.73-0)/1775.624
=0.70

Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.

What does a Earnings per Share (Diluted) of $2.06 mean?
Japan Tobacco (JAPAF) has a Earnings per Share (Diluted) of $2.06 as of Mar. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Japan Tobacco and its competitors. According to the industry distribution chart, Japan Tobacco ranks #22 out of 42 companies in the Tobacco Products industry, placing it in the top 52.4%.
Is Japan Tobacco's Earnings per Share (Diluted) too high?
Japan Tobacco's current Earnings per Share (Diluted) is $2.06. The Tobacco Products industry median Earnings per Share (Diluted) is 4.45. Japan Tobacco's value of $2.06 is 53.7% below this industry median. Based on the distribution chart, Japan Tobacco ranks #22 out of 42 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Japan Tobacco has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Tobacco's Earnings per Share (Diluted) compare to PM and MO?
According to the Tobacco Products industry distribution chart, Japan Tobacco ranks #22 out of 42 companies for Earnings per Share (Diluted). This places Japan Tobacco in the lower half of its industry. The industry median Earnings per Share (Diluted) is 4.45. Japan Tobacco's value of $2.06 is 53.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Tobacco Products company?
The median Earnings per Share (Diluted) among Tobacco Products companies is 4.45, based on 42 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Tobacco's current Earnings per Share (Diluted) of $2.06 is 53.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Japan Tobacco and its competitors. For the Tobacco Products industry, the median Earnings per Share (Diluted) is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Tobacco's current Earnings per Share (Diluted) is $2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Tobacco stock overvalued right now?
Based on GuruFocus' analysis, Japan Tobacco (JAPAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.99, compared to a current price of $36.62 — trading 11% above its estimated fair value. The current Earnings per Share (Diluted) is $2.06 and 53.7% below the Tobacco Products industry median of 4.45. Japan Tobacco's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Japan Tobacco (JAPAF), the current Earnings per Share (Diluted) is $2.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Japan Tobacco (JAPAF) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Tobacco stock appears to be overvalued. The current stock price of $36.62 is trading 11% above its estimated GF Value™ of $32.99. GuruFocus considers Japan Tobacco to be Modestly Overvalued.

Key valuation signals for JAPAF:

  • Earnings per Share (Diluted): $2.06
  • GF Value™: $32.99 vs. price of $36.62 (11% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 53.7% below the Tobacco Products median (#22 of 42)

No single metric tells the full story. See the JAPAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Tobacco Business Description

Address 4-1-1 Toranomon, Minato-ku, Tokyo, JPN, 105-6927
Japan Tobacco primarily sells cigarettes and reduced-risk products, organized in three clusters consisting of Asia (which includes its home market and countries in Asia Pacific), Western Europe, and EMA (which includes Eastern Europe, the Middle East North Africa, Turkey, Americas, and duty-free). Its leading cigarette brands include Winston (non-US), Camel (non-US), Mevius, and LD. Its reduced-risk brands include Logic in vaping, Ploom in heated tobacco, and Nordic Spirit in nicotine pouches, though these generates less than 5% of tobacco sales.
76GF Score

Get the complete analysis for JAPAF

Earnings per Share (Diluted) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.62
Price
$32.99
GF Value