Valuation Japan Tobacco Inc.

Equities

2914

JP3726800000

Tobacco

Market Closed - Japan Exchange Other stock markets 07:30:00 15/05/2026 BST			5-day change	1st Jan Change
6,301.00 ^JPY	+0.75%		+9.22%	+11.72%

05-11	Japan Shares Fall as US-Iran Deadlock Fuels Energy Supply Fears; Nintendo Tumbles 8%	MT
05-11	Mitsubishi Motors, Japan Tobacco Gain While Nintendo Slides After Earnings	MT

Company Valuation: Japan Tobacco Inc.

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	4,121,325	4,722,880	6,470,988	7,244,406	10,013,187	11,185,798	-	-
Change	-	14.6%	37.01%	11.95%	38.22%	11.71%	-	-
Enterprise Value (EV) ¹	4,318,216	4,814,306	6,573,041	7,707,959	10,860,740	11,928,025	11,835,384	11,732,305
Change	-	11.49%	36.53%	17.27%	40.9%	9.83%	-0.78%	-0.87%
P/E ratio	12.2x	10.7x	13.4x	15.6x	19.6x	18.4x	16.4x	15x
PBR	1.47x	1.33x	1.69x	1.92x	2.45x	2.63x	2.52x	2.42x
PEG	-	0.3x	1.5x	-3.96x	1.9x	1x	1.4x	1.6x
Capitalization / Revenue	1.77x	1.78x	2.28x	2.3x	2.89x	2.96x	2.82x	2.69x
EV / Revenue	1.86x	1.81x	2.31x	2.45x	3.13x	3.16x	2.99x	2.82x
EV / EBITDA	6.29x	5.64x	7.71x	8.79x	10.2x	10.3x	9.54x	8.94x
EV / EBIT	8.65x	7.37x	9.78x	11.1x	12.5x	12.3x	11.3x	10.4x
EV / FCF	8.61x	12.6x	14.9x	16.1x	30.3x	23x	18.4x	16.7x
FCF Yield	11.6%	7.93%	6.72%	6.22%	3.3%	4.35%	5.44%	5.98%
Dividend per Share ²	140	188	194	194	234	251.6	278.1	304.7
Rate of return	6.03%	7.07%	5.32%	4.75%	4.15%	3.99%	4.41%	4.84%
EPS ²	190.8	249.4	271.7	261	287.4	342.2	383.1	419
Distribution rate	73.4%	75.4%	71.4%	74.3%	81.4%	73.5%	72.6%	72.7%
Net sales ¹	2,324,838	2,657,832	2,841,077	3,149,759	3,467,675	3,777,088	3,962,400	4,160,970
EBITDA ¹	686,078	853,226	852,062	877,040	1,062,937	1,161,076	1,240,507	1,313,028
EBIT ¹	499,021	653,575	672,410	697,203	867,038	968,843	1,049,358	1,126,694
Net income ¹	338,490	442,716	482,288	463,369	510,175	607,506	679,427	741,583
Net Debt ¹	196,891	91,426	102,053	463,553	847,553	742,227	649,587	546,507
Reference price ²	2,322.50	2,661.00	3,645.00	4,080.00	5,640.00	6,301.00	6,301.00	6,301.00
Nbr of stocks (in thousands)	1,774,521	1,774,851	1,775,305	1,775,590	1,775,388	1,775,242	-	-
Announcement Date	14/02/22	14/02/23	13/02/24	13/02/25	12/02/26	-	-	-

¹JPY in Million²JPY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
JAPAN TOBACCO INC.	18.41x	3.16x	10.27x	3.99%	70.5B
ALTRIA GROUP, INC.	13.14x	6.97x	10.79x	5.91%	122B
ITC LIMITED	18.99x	4.8x	14.33x	4.7%	40.41B
KT&G CORPORATION	14.69x	2.69x	10.27x	3.62%	12.46B
PT HANJAYA MANDALA SAMPOERNA TBK	10.83x	0.67x	6.82x	8.55%	4.92B
RLX TECHNOLOGY INC.	16.52x	0.42x	2.51x	6.78%	2.64B
EASTERN COMPANY S.A.E	9.91x	2.51x	7.45x	7.9%	2.29B
PT GUDANG GARAM TBK	15x	0.37x	5.05x	4.84%	1.89B
Average	14.69x	2.70x	8.44x	5.79%	32.14B
Weighted average by Cap.	15.55x	5.10x	10.95x	5.15%