NCLTY (Nitori Holdings Co) Intrinsic Value: DCF (Dividends Based): $10.62 (As of Jul. 17, 2026) — 1279% Above Median

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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.

NCLTY Nitori Holdings Co Ltd NCLTY
86 GF Score
Price $7.47
GF Value $11.19
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Nitori Holdings Co Intrinsic Value: DCF (Dividends Based)?

Nitori Holdings Co NCLTY +0.77% 86 Intrinsic Value: DCF (Dividends Based) is $10.62 as of Jul. 17, 2026, which is 1279% above its 10-year median of 0.77. GuruFocus rates NCLTY with a GF Score™ of 86/100 and a GF Value™ of $11.19 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 39 Furnishings, Fixtures & Appliances companies, Nitori Holdings Co ranks worse than 51.28% on this metric.

As of today (2026-07-17), Nitori Holdings Co's intrinsic value calculated from the Discounted Dividend model is $10.62.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

Nitori Holdings Co's Predictability Rank is 5-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Nitori Holdings Co is 29.69%.

The historical rank and industry rank for Nitori Holdings Co's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

NCLTY' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.44   Med: 0.77   Max: 1.33
Current: 0.7

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of Nitori Holdings Co was 1.33. The lowest was 0.44. And the median was 0.77.

NCLTY's Price-to-DCF (Dividends Based) is ranked worse than
51.28% of 39 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.75 vs NCLTY: 0.70

Nitori Holdings Co  (OTCPK:NCLTY) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Nitori Holdings Co Intrinsic Value: DCF (Dividends Based) Related Terms


Nitori Holdings Co Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Nitori Holdings Co's Intrinsic Value: DCF (Dividends Based) 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.

Nitori Holdings Co Intrinsic Value: DCF (Dividends Based) Chart

Nitori Holdings Co Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Mar24 Mar25 Mar26
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.60 20.17 13.51 10.74 9.26

Nitori Holdings Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intrinsic Value: DCF (Dividends Based) 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 10.74 11.34 10.61 9.81 10.13

NCLTY vs SN, SGI, MHK: Intrinsic Value: DCF (Dividends Based) Comparison

For the Furnishings, Fixtures & Appliances subindustry, Nitori Holdings Co's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) 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.


Nitori Holdings Co Price-to-DCF (Dividends Based) vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Nitori Holdings Co's Price-to-DCF (Dividends Based) falls into.


NCLTY
86GF Score
Nitori Holdings Co Ltd NCLTY
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitori Holdings Co Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 9%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 2.65%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 12.50%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> Nitori Holdings Co's average Dividend Growth Rate in the past 10 years was 12.50%, which is between 5% and 20%. => GuruFocus defaults => Growth Rate: 12.50%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = $0.4689.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

Nitori Holdings Co's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.125)/(1+0.09) = 1.0321100917431
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.09) = 0.95412844036697

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=0.4689*22.6392
=10.62

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (10.62 - 7.467) / 10.62
= 29.69 %

* 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.

What does a Intrinsic Value: DCF (Dividends Based) of $10.62 mean?
Nitori Holdings Co (NCLTY) has a Intrinsic Value: DCF (Dividends Based) of $10.62 as of Jul. 17, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Nitori Holdings Co and its competitors. This is 1279% above median its historical median of 0.77. Over the past decade, Nitori Holdings Co's Intrinsic Value: DCF (Dividends Based) has ranged from 0.44 to 1.33. According to the industry distribution chart, Nitori Holdings Co ranks #20 out of 39 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 51.3%.
Is Nitori Holdings Co's Intrinsic Value: DCF (Dividends Based) too high?
Nitori Holdings Co's current Intrinsic Value: DCF (Dividends Based) of $10.62 is 1279% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.33. The Furnishings, Fixtures & Appliances industry median Intrinsic Value: DCF (Dividends Based) is 0.75. Nitori Holdings Co's value of $10.62 is 1316% above this industry median. Based on the distribution chart, Nitori Holdings Co ranks #20 out of 39 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Nitori Holdings Co has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitori Holdings Co's Intrinsic Value: DCF (Dividends Based) compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nitori Holdings Co ranks #20 out of 39 companies for Intrinsic Value: DCF (Dividends Based). This places Nitori Holdings Co in the lower half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 0.75. Nitori Holdings Co's value of $10.62 is 1316% above this benchmark. Historically, Nitori Holdings Co's own Intrinsic Value: DCF (Dividends Based) has ranged from 0.44 to 1.33 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.75, Nitori Holdings Co has consistently been above 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 Intrinsic Value: DCF (Dividends Based) for a Furnishings, Fixtures & Appliances company?
The median Intrinsic Value: DCF (Dividends Based) among Furnishings, Fixtures & Appliances companies is 0.75, based on 39 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitori Holdings Co's current Intrinsic Value: DCF (Dividends Based) of $10.62 is 1316% above 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 Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Nitori Holdings Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Intrinsic Value: DCF (Dividends Based) is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitori Holdings Co's current Intrinsic Value: DCF (Dividends Based) is $10.62, which is 1279% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitori Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nitori Holdings Co (NCLTY) is currently considered Significantly Undervalued. The stock's GF Value™ is $11.19, compared to a current price of $7.47 — trading 33.3% below its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is $10.62, which is 1279% above median its 10-year median of 0.77 and 1316% above the Furnishings, Fixtures & Appliances industry median of 0.75. Nitori Holdings Co's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For Nitori Holdings Co (NCLTY), the current Intrinsic Value: DCF (Dividends Based) is $10.62 as of Jul. 17, 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 Nitori Holdings Co (NCLTY) Overvalued in 2026?

Based on GuruFocus' analysis, Nitori Holdings Co stock appears to be undervalued. The current stock price of $7.47 is trading 33.3% below its estimated GF Value™ of $11.19. GuruFocus considers Nitori Holdings Co to be Significantly Undervalued.

Key valuation signals for NCLTY:

  • Intrinsic Value: DCF (Dividends Based): $10.62 (1279% above median its 10-year median of 0.77)
  • GF Value™: $11.19 vs. price of $7.47 (33.3% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 1316% above the Furnishings, Fixtures & Appliances median (#20 of 39)

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


Nitori Holdings Co Business Description

Other Exchanges NCLTF:USA9843:Japan
Address 6-20 Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043
Nitori Holdings Co Ltd is a Japan-based company engaged in the sale of furniture and interior goods. The company operates through two business segments. The Nitori Business segment is involved in the development, manufacturing, and sale of furniture and interior goods, along with activities such as real estate leasing, advertising, and logistics services. The Shimachu Business segment focuses on the sale of furniture, interior goods, and home center products. It generates the majority of its revenue from the Nitori Business segment.
86GF Score

Get the complete analysis for NCLTY

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.47
Price
$11.19
GF Value