Tomoe Engineering Co (TSE:6309) Intrinsic Value: DCF (Dividends Based): 円3,096.90 (As of Aug. 26, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

TSE:6309 Tomoe Engineering Co Ltd TSE:6309
86 GF Score
Price 円2,021.00
GF Value 円1,670.72
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

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

Tomoe Engineering Co TSE:6309 -0.69% 86 Intrinsic Value: DCF (Dividends Based) is 円3,096.90 as of Aug. 26, 2026. GuruFocus rates TSE:6309 with a GF Score™ of 86/100 and a GF Value™ of 円1,670.72 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 436 Industrial Products companies, Tomoe Engineering Co ranks better than 77.52% on this metric.

As of today (2026-08-26), Tomoe Engineering Co's intrinsic value calculated from the Discounted Dividend model is 円3,096.90.

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.

Tomoe Engineering Co's Predictability Rank is 2-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Tomoe Engineering Co is 34.74%.

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

TSE:6309' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.5   Med: 0.6   Max: 1.81
Current: 0.65

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of Tomoe Engineering Co was 1.81. The lowest was 0.50. And the median was 0.60.

TSE:6309's Price-to-DCF (Dividends Based) is ranked better than
77.52% of 436 companies
in the Industrial Products industry
Industry Median: 1.24 vs TSE:6309: 0.65

Tomoe Engineering Co  (TSE:6309) 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.


Tomoe Engineering Co Intrinsic Value: DCF (Dividends Based) Related Terms


Tomoe Engineering Co Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Tomoe Engineering 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.

Tomoe Engineering Co Intrinsic Value: DCF (Dividends Based) Chart

Tomoe Engineering Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1,375.64 2,485.79 3,202.95

Tomoe Engineering Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 1,709.12 2,485.79 2,530.54 3,202.95 976.43

TSE:6309 vs GEV, ETN, PH: Intrinsic Value: DCF (Dividends Based) Comparison

For the Specialty Industrial Machinery subindustry, Tomoe Engineering 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.


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

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

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


TSE:6309
86GF Score
Tomoe Engineering Co Ltd TSE:6309
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tomoe Engineering 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 = 14.20%
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.
=> Tomoe Engineering Co's average Dividend Growth Rate in the past 10 years was 14.20%, which is between 5% and 20%. => GuruFocus defaults => Growth Rate: 14.20%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = 円121.6413.
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.

Tomoe Engineering 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+0.142)/(1+0.09) = 1.0477064220183
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)]
=121.6413*25.4593
=3,096.90

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (3096.9 - 2021.00) / 3096.9
= 34.74 %

* 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3,096.90 mean?
Tomoe Engineering Co (TSE:6309) has a Intrinsic Value: DCF (Dividends Based) of 円3,096.90 as of Aug. 26, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Tomoe Engineering Co and its competitors. According to the industry distribution chart, Tomoe Engineering Co ranks #98 out of 436 companies in the Industrial Products industry, placing it in the top 22.5%.
Is Tomoe Engineering Co's Intrinsic Value: DCF (Dividends Based) too high?
Tomoe Engineering Co's current Intrinsic Value: DCF (Dividends Based) is 円3,096.90. Based on the distribution chart, Tomoe Engineering Co ranks #98 out of 436 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tomoe Engineering Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomoe Engineering Co's Intrinsic Value: DCF (Dividends Based) compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Tomoe Engineering Co ranks #98 out of 436 companies for Intrinsic Value: DCF (Dividends Based). This places Tomoe Engineering Co in the top 23% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: DCF (Dividends Based) is 1.24. 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 1.24, 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 Tomoe Engineering Co and its competitors. For the Industrial Products industry, the median Intrinsic Value: DCF (Dividends Based) is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomoe Engineering Co's current Intrinsic Value: DCF (Dividends Based) is 円3,096.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomoe Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Tomoe Engineering Co (TSE:6309) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,670.72, compared to a current price of 円2,021.00 — trading 21% above its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is 円3,096.90. Tomoe Engineering Co's overall GF Score™ is 86/100 with 3 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 Tomoe Engineering Co (TSE:6309), the current Intrinsic Value: DCF (Dividends Based) is 円3,096.90 as of Aug. 26, 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 Tomoe Engineering Co (TSE:6309) Overvalued in 2026?

Based on GuruFocus' analysis, Tomoe Engineering Co stock appears to be overvalued. The current stock price of 円2,021.00 is trading 21% above its estimated GF Value™ of 円1,670.72. GuruFocus considers Tomoe Engineering Co to be Modestly Overvalued.

Key valuation signals for TSE:6309:

  • Intrinsic Value: DCF (Dividends Based): 円3,096.90
  • GF Value™: 円1,670.72 vs. price of 円2,021.00 (21% above fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the TSE:6309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tomoe Engineering Co Business Description

Address 5-15 Kitashinagawa 5-chome, Osaki Bright Core, Shinagawa-ku, Tokyo, JPN, 141-0001
Tomoe Engineering Co Ltd is engaged in the manufacture and sale of centrifuges and the supply of chemical industrial products. Its product portfolio comprises centrifugal separators for applications in different industries, including wastewater and sludge treatment, food, animal feed, energy, biology, chemicals, and others. In addition, the group offers different industrial chemical products such as synthetic resins, alumina hydrate, electrode paste, UV curing resins, zirconia, silica fume, etc. The group's reportable segments are Chemical industrial product sales business, which generates maximum revenue, and the Machinery manufacturing and sales business.
86GF Score

Get the complete analysis for TSE:6309

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

円2,021.00
Price
円1,670.72
GF Value