Toyota Motor Corporation

TSE:7203 Stock Report

Market Cap: JP¥47.2t

Toyota Motor Valuation

Is 7203 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 7203 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 7203 (¥3477) is trading above our estimate of future cash flow value (¥1955.23)

Significantly Below Future Cash Flow Value: 7203 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7203?

Key metric: As 7203 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 7203. This is calculated by dividing 7203's market cap by their current earnings.
What is 7203's PE Ratio?
PE Ratio9.8x
EarningsJP¥4.63t
Market CapJP¥47.23t

Price to Earnings Ratio vs Peers

How does 7203's PE Ratio compare to its peers?

The above table shows the PE ratio for 7203 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.2x
7267 Honda Motor
9.2x12.76%JP¥6.0t
7269 Suzuki Motor
10.8x7.47%JP¥4.2t
7270 Subaru
8.6x4.16%JP¥2.3t
7202 Isuzu Motors
12.2x13.18%JP¥1.7t
7203 Toyota Motor
9.8x1.24%JP¥45.3t

Price-To-Earnings vs Peers: 7203 is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (10.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 7203's PE Ratio compare vs other companies in the Asian Auto Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
7203 9.8xIndustry Avg. 17.8xNo. of Companies14PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 7203 is good value based on its Price-To-Earnings Ratio (9.8x) compared to the Asian Auto industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is 7203's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

7203 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.8x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: 7203 is good value based on its Price-To-Earnings Ratio (9.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 7203 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,477.00
JP¥3,609.41
+3.81%
13.32%JP¥4,200.00JP¥2,400.00n/a17
Jan ’27JP¥3,356.00
JP¥3,515.29
+4.75%
12.29%JP¥4,000.00JP¥2,400.00n/a17
Dec ’26JP¥3,082.00
JP¥3,324.71
+7.87%
11.85%JP¥3,800.00JP¥2,400.00n/a17
Nov ’26JP¥3,138.00
JP¥3,228.24
+2.88%
10.24%JP¥3,700.00JP¥2,400.00n/a17
Oct ’26JP¥2,821.50
JP¥3,175.29
+12.54%
9.70%JP¥3,500.00JP¥2,400.00n/a17
Sep ’26JP¥2,858.50
JP¥3,087.74
+8.02%
9.94%JP¥3,500.00JP¥2,400.00n/a19
Aug ’26JP¥2,724.50
JP¥2,995.64
+9.95%
9.28%JP¥3,400.00JP¥2,400.00n/a19
Jul ’26JP¥2,453.00
JP¥2,945.40
+20.07%
9.14%JP¥3,340.00JP¥2,400.00n/a18
Jun ’26JP¥2,769.00
JP¥3,030.86
+9.46%
9.30%JP¥3,700.00JP¥2,500.00n/a20
May ’26JP¥2,751.00
JP¥3,147.86
+14.43%
11.16%JP¥3,700.00JP¥2,500.00n/a20
Apr ’26JP¥2,630.50
JP¥3,271.05
+24.35%
11.15%JP¥3,800.00JP¥2,500.00n/a19
Mar ’26JP¥2,689.00
JP¥3,287.90
+22.27%
10.66%JP¥3,800.00JP¥2,400.00n/a19
Feb ’26JP¥2,973.50
JP¥3,214.21
+8.10%
10.92%JP¥3,800.00JP¥2,400.00n/a19
Jan ’26JP¥3,146.00
JP¥3,183.24
+1.18%
12.55%JP¥3,800.00JP¥2,400.00JP¥3,356.0017
Dec ’25JP¥2,551.50
JP¥3,250.88
+27.41%
10.79%JP¥3,800.00JP¥2,600.00JP¥3,082.0017
Nov ’25JP¥2,615.50
JP¥3,277.25
+25.30%
11.16%JP¥3,800.00JP¥2,600.00JP¥3,138.0017
Oct ’25JP¥2,596.00
JP¥3,371.14
+29.86%
11.28%JP¥3,800.00JP¥2,600.00JP¥2,821.5016
Sep ’25JP¥2,759.50
JP¥3,479.22
+26.08%
10.86%JP¥4,000.00JP¥2,600.00JP¥2,858.5015
Aug ’25JP¥2,699.00
JP¥3,686.67
+36.59%
8.34%JP¥4,100.00JP¥3,000.00JP¥2,724.5015
Jul ’25JP¥3,284.00
JP¥3,644.59
+10.98%
12.57%JP¥4,300.00JP¥2,700.00JP¥2,453.0017
Jun ’25JP¥3,401.00
JP¥3,679.88
+8.20%
12.03%JP¥4,300.00JP¥2,700.00JP¥2,769.0017
May ’25JP¥3,605.00
JP¥3,569.89
-0.97%
15.56%JP¥4,400.00JP¥2,300.00JP¥2,751.0018
Apr ’25JP¥3,639.00
JP¥3,493.78
-3.99%
16.13%JP¥4,400.00JP¥2,300.00JP¥2,630.5018
Mar ’25JP¥3,680.00
JP¥3,304.89
-10.19%
14.94%JP¥4,000.00JP¥2,300.00JP¥2,689.0018
Feb ’25JP¥2,945.00
JP¥3,038.22
+3.17%
11.45%JP¥3,500.00JP¥2,300.00JP¥2,973.5018
Jan ’25JP¥2,590.50
JP¥3,014.33
+16.36%
11.85%JP¥3,500.00JP¥2,300.00JP¥3,146.0018
JP¥3.61k
Fair Value
3.7% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/26 14:26
End of Day Share Price 2026/01/26 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Toyota Motor Corporation is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kei NihonyanagiBarclays
Masahiro AkitaBernstein
James KanBNP Paribas