Marumae Co (TSE:6264) Intrinsic Value: DCF (Dividends Based): 円1,694.12 (As of Aug. 19, 2026) — 186067% Above Median

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.

TSE:6264 Marumae Co Ltd TSE:6264
86 GF Score
Price 円2,025.00
GF Value 円2,561.37
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

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

Marumae Co TSE:6264 -7.95% 86 Intrinsic Value: DCF (Dividends Based) is 円1,694.12 as of Aug. 19, 2026, which is 100% below its 10-year median of 0.91. GuruFocus rates TSE:6264 with a GF Score™ of 86/100 and a GF Value™ of 円2,561.37 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 436 Industrial Products companies, Marumae Co ranks worse than 50.23% on this metric.

As of today (2026-08-19), Marumae Co's intrinsic value calculated from the Discounted Dividend model is 円1,694.12.

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.

Marumae Co's Predictability Rank is 3-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Marumae Co is -19.53%.

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

TSE:6264' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.32   Med: 0.91   Max: 11.02
Current: 1.2

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of Marumae Co was 11.02. The lowest was 0.32. And the median was 0.91.

TSE:6264's Price-to-DCF (Dividends Based) is ranked worse than
50.23% of 436 companies
in the Industrial Products industry
Industry Median: 1.295 vs TSE:6264: 1.20

Marumae Co  (TSE:6264) 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.


Marumae Co Intrinsic Value: DCF (Dividends Based) Related Terms


Marumae Co Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Marumae 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.

Marumae Co Intrinsic Value: DCF (Dividends Based) Chart

Marumae Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2,910.49 995.59 143.14 1,027.25

Marumae Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 527.69 1,027.25 1,644.74 1,133.42 0.00

TSE:6264 vs GEV, ETN, PH: Intrinsic Value: DCF (Dividends Based) Comparison

For the Specialty Industrial Machinery subindustry, Marumae 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.


Marumae Co Price-to-DCF (Dividends Based) vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marumae Co's Price-to-DCF (Dividends Based) distribution charts can be found below:

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


TSE:6264
86GF Score
Marumae Co Ltd TSE:6264
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marumae 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 2.67%. 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 = 20%
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.
=> Marumae Co's average Dividend Growth Rate in the past 10 years was 25.00%, which is no less than 20%. GuruFocus defaults => Growth Rate: 20%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = 円44.5716.
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.

Marumae 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+0.2)/(1+0.09) = 1.1009174311927
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)]
=44.5716*38.009
=1,694.12

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (1694.12 - 2025.00) / 1694.12
= -19.53 %

* 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 円1,694.12 mean?
Marumae Co (TSE:6264) has a Intrinsic Value: DCF (Dividends Based) of 円1,694.12 as of Aug. 19, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Marumae Co and its competitors. This is 186067% above median its historical median of 0.91. Over the past decade, Marumae Co's Intrinsic Value: DCF (Dividends Based) has ranged from 0.32 to 11.02. According to the industry distribution chart, Marumae Co ranks #219 out of 436 companies in the Industrial Products industry, placing it in the top 50.2%.
Is Marumae Co's Intrinsic Value: DCF (Dividends Based) too high?
Marumae Co's current Intrinsic Value: DCF (Dividends Based) of 円1,694.12 is 186067% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 11.02. Based on the distribution chart, Marumae Co ranks #219 out of 436 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Marumae Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marumae Co's Intrinsic Value: DCF (Dividends Based) compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Marumae Co ranks #219 out of 436 companies for Intrinsic Value: DCF (Dividends Based). This places Marumae Co in the lower half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 1.30. Historically, Marumae Co's own Intrinsic Value: DCF (Dividends Based) has ranged from 0.32 to 11.02 over the past decade. 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 an Industrial Products company?
The median Intrinsic Value: DCF (Dividends Based) among Industrial Products companies is 1.30, based on 436 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. 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 Marumae Co and its competitors. For the Industrial Products industry, the median Intrinsic Value: DCF (Dividends Based) is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marumae Co's current Intrinsic Value: DCF (Dividends Based) is 円1,694.12, which is 186067% above median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marumae Co stock overvalued right now?
Based on GuruFocus' analysis, Marumae Co (TSE:6264) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,561.37, compared to a current price of 円2,025.00 — trading 20.9% below its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is 円1,694.12, which is 186067% above median its 10-year median of 0.91. Marumae Co's overall GF Score™ is 86/100 with 5 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 Marumae Co (TSE:6264), the current Intrinsic Value: DCF (Dividends Based) is 円1,694.12 as of Aug. 19, 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 Marumae Co (TSE:6264) Overvalued in 2026?

Based on GuruFocus' analysis, Marumae Co stock appears to be undervalued. The current stock price of 円2,025.00 is trading 20.9% below its estimated GF Value™ of 円2,561.37. GuruFocus considers Marumae Co to be Modestly Undervalued.

Key valuation signals for TSE:6264:

  • Intrinsic Value: DCF (Dividends Based): 円1,694.12 (186067% above median its 10-year median of 0.91)
  • GF Value™: 円2,561.37 vs. price of 円2,025.00 (20.9% below fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the TSE:6264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marumae Co Business Description

Address 2141 Onoharacho, Izumi City, Kagoshima, JPN, 899-0216
Marumae Co Ltd is a Japan-based machinery manufacturer. The company is mainly engaged in the designing, manufacturing, and processing of precision machinery and precision equipment. It offers liquid crystal manufacturing and semiconductor manufacturing equipment, industrial and medical machinery and equipment. It is also engaged in the development and sale of software, real estate leasing, and transportation business.
86GF Score

Get the complete analysis for TSE:6264

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

円2,025.00
Price
円2,561.37
GF Value