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* The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Meiji Electric Industries Co's PEG Ratio or its related term are showing as below:
TSE:3388'
s PEG Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.51 Max: 24.24
Current: 0.95
During the past 13 years, Meiji Electric Industries Co's highest PEG Ratio was 24.24. The lowest was 0.18. And the median was 0.51.
TSE:3388's PEG Ratio is ranked better than 75.5% of 853
companies
in the Hardware industry
Industry Median: 2.2
vs TSE:3388: 0.95
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Meiji Electric Industries Co (TSE:3388) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
Meiji Electric Industries Co PEG Ratio Related Terms
Meiji Electric Industries Co PEG Ratio Historical Data
* 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.
TSE:3388 vs COHR, KEYS, GRMN: PEG Ratio Comparison
For the Scientific & Technical Instruments subindustry, Meiji Electric Industries Co's PEG Ratio, along with its competitors' market caps and PEG 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.
Meiji Electric Industries Co PEG Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Meiji Electric Industries Co's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Meiji Electric Industries Co's PEG Ratio falls into.
* 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.
* Note: The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Meiji Electric Industries Co (TSE:3388) has a PEG Ratio of 0.95 as of Jul. 14, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Meiji Electric Industries Co and its competitors. This is 86% above median its historical median of 0.51. Over the past decade, Meiji Electric Industries Co's PEG Ratio has ranged from 0.18 to 24.24. According to the industry distribution chart, Meiji Electric Industries Co ranks #209 out of 853 companies in the Hardware industry, placing it in the top 24.5%.
Is Meiji Electric Industries Co's PEG Ratio too high?
Meiji Electric Industries Co's current PEG Ratio of 0.95 is 86% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 24.24. The Hardware industry median PEG Ratio is 2.20. Meiji Electric Industries Co's value of 0.95 is 56.8% below this industry median. Based on the distribution chart, Meiji Electric Industries Co ranks #209 out of 853 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Meiji Electric Industries Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiji Electric Industries Co's PEG Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Meiji Electric Industries Co ranks #209 out of 853 companies for PEG Ratio. This places Meiji Electric Industries Co in the top 25% of its industry — outperforming the majority of peers. The industry median PEG Ratio is 2.20. Meiji Electric Industries Co's value of 0.95 is 56.8% below this benchmark. Historically, Meiji Electric Industries Co's own PEG Ratio has ranged from 0.18 to 24.24 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 2.20, Meiji Electric Industries Co has consistently been below 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 PEG Ratio for a Hardware company?
The median PEG Ratio among Hardware companies is 2.20, based on 853 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meiji Electric Industries Co's current PEG Ratio of 0.95 is 56.8% 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Meiji Electric Industries Co and its competitors. For the Hardware industry, the median PEG Ratio is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Electric Industries Co's current PEG Ratio is 0.95, which is 86% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Electric Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Electric Industries Co (TSE:3388) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,592.09, compared to a current price of 円2,205.00 — trading 38.5% above its estimated fair value. The current PEG Ratio is 0.95, which is 86% above median its 10-year median of 0.51 and 56.8% below the Hardware industry median of 2.20. Meiji Electric Industries Co's overall GF Score™ is 69/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For Meiji Electric Industries Co (TSE:3388), the current PEG Ratio is 0.95 as of Jul. 14, 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 Meiji Electric Industries Co (TSE:3388) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Electric Industries Co stock appears to be overvalued.
The current stock price of 円2,205.00 is trading 38.5% above its estimated GF Value™ of 円1,592.09.
GuruFocus considers Meiji Electric Industries Co to be Significantly Overvalued.
Key valuation signals for TSE:3388:
PEG Ratio: 0.95 (86% above median its 10-year median of 0.51)
GF Value™: 円1,592.09 vs. price of 円2,205.00 (38.5% above fair value)
Industry Position: 56.8% below the Hardware median (#209 of 853)
No single metric tells the full story. See the TSE:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Electric Industries Co Ltd is a distributor of factory automation components. It also sells functional parts for electric equipment and automatic power saving electrical appliances and instruments.
69GF Score
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