JAPAF (Japan Tobacco) FCF Margin %: 1.35% (As of Mar. 2026) — 91% Below Median


JAPAF Japan Tobacco Inc JAPAF
78 GF Score
Price $37.74
GF Value $33.10
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Japan Tobacco FCF Margin %?

Japan Tobacco JAPAF 78 FCF Margin % is 1.35% as of Mar. 2026, which is 91% below its 10-year median of 15.08. GuruFocus rates JAPAF with a GF Score™ of 78/100 and a GF Value™ of $33.10 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 48 Tobacco Products companies, Japan Tobacco ranks better than 66.67% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Japan Tobacco's Free Cash Flow for the three months ended in Mar. 2026 was $79 Mil. Japan Tobacco's Revenue for the three months ended in Mar. 2026 was $5,823 Mil. Therefore, Japan Tobacco's FCF Margin % for the quarter that ended in Mar. 2026 was 1.35%.

As of today, Japan Tobacco's current FCF Yield % is 4.09%.

The historical rank and industry rank for Japan Tobacco's FCF Margin % or its related term are showing as below:

JAPAF' s FCF Margin % Range Over the Past 10 Years
Min: 10.14   Med: 15.08   Max: 21.33
Current: 11.35


During the past 13 years, the highest FCF Margin % of Japan Tobacco was 21.33%. The lowest was 10.14%. And the median was 15.08%.

JAPAF's FCF Margin % is ranked better than
66.67% of 48 companies
in the Tobacco Products industry
Industry Median: 3.56 vs JAPAF: 11.35


Japan Tobacco FCF Margin % Related Terms


Japan Tobacco FCF Margin % Historical Data

* Premium members only.

The historical data trend for Japan Tobacco's FCF Margin % 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 FCF Margin % Chart

Japan Tobacco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.33 14.46 15.83 15.69 10.14

Japan Tobacco Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % 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 -4.51 15.80 8.26 20.55 1.35

JAPAF vs PM, MO, TPB: FCF Margin % Comparison

For the Tobacco subindustry, Japan Tobacco's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Tobacco Products Industry

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

* The bar in red indicates where Japan Tobacco's FCF Margin % falls into.


JAPAF
78GF Score
Japan Tobacco Inc JAPAF
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Tobacco FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Japan Tobacco's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2255.524/22240.804
=10.14 %

Japan Tobacco's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=78.698/5822.708
=1.35 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 1.35% mean?
Japan Tobacco (JAPAF) has a FCF Margin % of 1.35% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Japan Tobacco and its competitors. This is 91% below median its historical median of 15.08. Over the past decade, Japan Tobacco's FCF Margin % has ranged from 10.14 to 21.33. According to the industry distribution chart, Japan Tobacco ranks #16 out of 48 companies in the Tobacco Products industry, placing it in the top 33.3%.
Is Japan Tobacco's FCF Margin % too high?
Japan Tobacco's current FCF Margin % of 1.35% is 91% below median its 10-year median of 15.08. Over the past 10 years, this metric has ranged from a low of 10.14 to a high of 21.33. The Tobacco Products industry median FCF Margin % is 3.56. Japan Tobacco's value of 1.35% is 62.1% below this industry median. Based on the distribution chart, Japan Tobacco ranks #16 out of 48 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, Japan Tobacco has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Tobacco's FCF Margin % compare to PM and MO?
According to the Tobacco Products industry distribution chart, Japan Tobacco ranks #16 out of 48 companies for FCF Margin %. This puts Japan Tobacco in the upper half of its industry. The industry median FCF Margin % is 3.56. Japan Tobacco's value of 1.35% is 62.1% below this benchmark. Historically, Japan Tobacco's own FCF Margin % has ranged from 10.14 to 21.33 over the past decade. While the company's 10-year median is 15.08 vs. the industry median of 3.56, Japan Tobacco has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Tobacco Products company?
The median FCF Margin % among Tobacco Products companies is 3.56, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Tobacco's current FCF Margin % of 1.35% is 62.1% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Japan Tobacco and its competitors. For the Tobacco Products industry, the median FCF Margin % is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Tobacco's current FCF Margin % is 1.35%, which is 91% below median its own 10-year median of 15.08. 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 $33.10, compared to a current price of $37.74 — trading 14% above its estimated fair value. The current FCF Margin % is 1.35%, which is 91% below median its 10-year median of 15.08 and 62.1% below the Tobacco Products industry median of 3.56. Japan Tobacco's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Japan Tobacco (JAPAF), the current FCF Margin % is 1.35% 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 $37.74 is trading 14% above its estimated GF Value™ of $33.10. GuruFocus considers Japan Tobacco to be Modestly Overvalued.

Key valuation signals for JAPAF:

  • FCF Margin %: 1.35% (91% below median its 10-year median of 15.08)
  • GF Value™: $33.10 vs. price of $37.74 (14% above fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 62.1% below the Tobacco Products median (#16 of 48)

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.
78GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.74
Price
$33.10
GF Value