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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.
Tokyo ElectronTOELF -5.50%90 Intrinsic Value: Projected FCF is $48.94 as of Aug. 10, 2026, which is 827% above its 10-year median of 5.28. GuruFocus rates TOELF with a GF Score™ of 90/100 and a GF Value™ of $221.31 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 505 Semiconductors companies, Tokyo Electron ranks worse than 78.61% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-10), Tokyo Electron's Intrinsic Value: Projected FCF is $48.94. The stock price of Tokyo Electron is $341.57. Therefore, Tokyo Electron's Price-to-Intrinsic-Value-Projected-FCF of today is 7.0.
The historical rank and industry rank for Tokyo Electron's Intrinsic Value: Projected FCF or its related term are showing as below:
TOELF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 2.76 Med: 5.28 Max: 13.05
Current: 6.98
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Tokyo Electron was 13.05. The lowest was 2.76. And the median was 5.28.
TOELF's Price-to-Projected-FCF is ranked worse than 78.61% of 505
companies
in the Semiconductors industry
Industry Median: 2.81
vs TOELF: 6.98
Tokyo Electron (OTCPK:TOELF) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Tokyo Electron's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
341.57
/
41.199940365288
=
8.29
* 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.
Tokyo Electron Intrinsic Value: Projected FCF Related Terms
Tokyo Electron Intrinsic Value: Projected FCF Historical Data
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The historical data trend for Tokyo Electron's Intrinsic Value: Projected FCF 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.
Tokyo Electron Intrinsic Value: Projected FCF Chart
TOELF vs AMAT, LRCX, KLAC: Intrinsic Value: Projected FCF Comparison
For the Semiconductor Equipment & Materials subindustry, Tokyo Electron's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
Tokyo Electron Price-to-Projected-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tokyo Electron's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Tokyo Electron's Price-to-Projected-FCF falls into.
Tokyo Electron Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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: Projected FCF of $48.94 mean?
Tokyo Electron (TOELF) has a Intrinsic Value: Projected FCF of $48.94 as of Aug. 10, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Tokyo Electron and its competitors. This is 827% above median its historical median of 5.28. Over the past decade, Tokyo Electron's Intrinsic Value: Projected FCF has ranged from 2.76 to 13.05. According to the industry distribution chart, Tokyo Electron ranks #397 out of 505 companies in the Semiconductors industry, placing it in the top 78.6%.
Is Tokyo Electron's Intrinsic Value: Projected FCF too high?
Tokyo Electron's current Intrinsic Value: Projected FCF of $48.94 is 827% above median its 10-year median of 5.28. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 13.05. The Semiconductors industry median Intrinsic Value: Projected FCF is 2.81. Tokyo Electron's value of $48.94 is 1641.6% above this industry median. Based on the distribution chart, Tokyo Electron ranks #397 out of 505 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Tokyo Electron has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's Intrinsic Value: Projected FCF compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Tokyo Electron ranks #397 out of 505 companies for Intrinsic Value: Projected FCF. This places Tokyo Electron in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.81. Tokyo Electron's value of $48.94 is 1641.6% above this benchmark. Historically, Tokyo Electron's own Intrinsic Value: Projected FCF has ranged from 2.76 to 13.05 over the past decade. While the company's 10-year median is 5.28 vs. the industry median of 2.81, Tokyo Electron 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: Projected FCF for a Semiconductors company?
The median Intrinsic Value: Projected FCF among Semiconductors companies is 2.81, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokyo Electron's current Intrinsic Value: Projected FCF of $48.94 is 1641.6% 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: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Tokyo Electron and its competitors. For the Semiconductors industry, the median Intrinsic Value: Projected FCF is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Electron's current Intrinsic Value: Projected FCF is $48.94, which is 827% above median its own 10-year median of 5.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electron stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron (TOELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $221.31, compared to a current price of $341.57 — trading 54.3% above its estimated fair value. The current Intrinsic Value: Projected FCF is $48.94, which is 827% above median its 10-year median of 5.28 and 1641.6% above the Semiconductors industry median of 2.81. Tokyo Electron's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Tokyo Electron (TOELF), the current Intrinsic Value: Projected FCF is $48.94 as of Aug. 10, 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 Tokyo Electron (TOELF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued.
The current stock price of $341.57 is trading 54.3% above its estimated GF Value™ of $221.31.
GuruFocus considers Tokyo Electron to be Significantly Overvalued.
Key valuation signals for TOELF:
Intrinsic Value: Projected FCF: $48.94 (827% above median its 10-year median of 5.28)
GF Value™: $221.31 vs. price of $341.57 (54.3% above fair value)
Industry Position: 1641.6% above the Semiconductors median (#397 of 505)
No single metric tells the full story. See the TOELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
90GF Score
Get the complete analysis for TOELF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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