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MorinagaTSE:2201 +0.04%85 Forward PE Ratio is 12.72 as of Jul. 25, 2026. GuruFocus rates TSE:2201 with a GF Score™ of 85/100 and a GF Value™ of 円3,111.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 745 Consumer Packaged Goods companies, Morinaga ranks better than 58.93% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Morinaga Forward PE Ratio Related Terms
Morinaga Forward PE Ratio Historical Data
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The historical data trend for Morinaga's Forward PE Ratio 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.
Morinaga Forward PE Ratio Chart
Morinaga Annual Data
Trend
2021-03
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
16.31
14.33
14.04
12.84
11.41
Morinaga Quarterly Data
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
16.31
15.08
17.36
13.87
14.33
15.50
17.86
14.68
14.04
16.37
19.61
16.10
13.72
12.84
11.98
12.93
11.35
11.41
TSE:2201 vs MDLZ, HSY, TR: Forward PE Ratio Comparison
For the Confectioners subindustry, Morinaga's Forward PE Ratio, along with its competitors' market caps and Forward 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.
Morinaga Forward PE Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Morinaga's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Morinaga (TSE:2201) has a Forward PE Ratio of 12.72 as of Jul. 25, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Morinaga and its competitors. According to the industry distribution chart, Morinaga ranks #306 out of 745 companies in the Consumer Packaged Goods industry, placing it in the top 41.1%.
Is Morinaga's Forward PE Ratio too high?
Morinaga's current Forward PE Ratio is 12.72. The Consumer Packaged Goods industry median Forward PE Ratio is 14.24. Morinaga's value of 12.72 is 10.7% below this industry median. Based on the distribution chart, Morinaga ranks #306 out of 745 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Morinaga has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga's Forward PE Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Morinaga ranks #306 out of 745 companies for Forward PE Ratio. This puts Morinaga in the upper half of its industry. The industry median Forward PE Ratio is 14.24. Morinaga's value of 12.72 is 10.7% 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 Forward PE Ratio for a Consumer Packaged Goods company?
The median Forward PE Ratio among Consumer Packaged Goods companies is 14.24, based on 745 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morinaga's current Forward PE Ratio of 12.72 is 10.7% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Morinaga and its competitors. For the Consumer Packaged Goods industry, the median Forward PE Ratio is 14.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga's current Forward PE Ratio is 12.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga stock overvalued right now?
Based on GuruFocus' analysis, Morinaga (TSE:2201) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,111.48, compared to a current price of 円2,648.50 — trading 14.9% below its estimated fair value. The current Forward PE Ratio is 12.72 and 10.7% below the Consumer Packaged Goods industry median of 14.24. Morinaga's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Morinaga (TSE:2201), the current Forward PE Ratio is 12.72 as of Jul. 25, 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 Morinaga (TSE:2201) Overvalued in 2026?
Based on GuruFocus' analysis, Morinaga stock appears to be undervalued.
The current stock price of 円2,648.50 is trading 14.9% below its estimated GF Value™ of 円3,111.48.
GuruFocus considers Morinaga to be Modestly Undervalued.
Key valuation signals for TSE:2201:
Forward PE Ratio: 12.72
GF Value™: 円3,111.48 vs. price of 円2,648.50 (14.9% below fair value)
Industry Position: 10.7% below the Consumer Packaged Goods median (#306 of 745)
No single metric tells the full story. See the TSE:2201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morinaga & Co Ltd is a Japan-based confectionery company. It has developed a diverse range of confectionery products, canned soft drinks and ice cream that are delicious, fun, and healthy. The company's products are divided into five main divisions, Confectioneries, Foods, Frozen Desserts, Weider, and Healthcare. Confectionaries include Morinaga Biscuits, Chocoball chocolate, Dars chocolate, Koeda chocolate, and HI-CHEW candy. Foods include Morinaga Cocoa; Frozen Desserts include Choco Monaka Jumbo; Weider products include Weider in Jelly; and Healthcare products include Seisho-sabo, Kenpo-shukan, and Collagen drink.
85GF Score
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