Advantest Corporation

TSE:6857 Stock Report

Market Cap: JP¥16.2t

Advantest Valuation

Is 6857 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 6857 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: 6857 (¥22200) is trading above our estimate of future cash flow value (¥12402.31)

Significantly Below Future Cash Flow Value: 6857 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 6857?

Key metric: As 6857 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6857. This is calculated by dividing 6857's market cap by their current earnings.
What is 6857's PE Ratio?
PE Ratio56.3x
EarningsJP¥288.49b
Market CapJP¥16.24t

Price to Earnings Ratio vs Peers

How does 6857's PE Ratio compare to its peers?

The above table shows the PE ratio for 6857 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.2x
8035 Tokyo Electron
34.7x15.66%JP¥17.5t
6146 Disco
51.9x17.12%JP¥6.8t
6920 Lasertec
37.6x10.98%JP¥3.3t
7735 SCREEN Holdings
20.5x15.90%JP¥1.7t
6857 Advantest
56.3x20.03%JP¥16.2t

Price-To-Earnings vs Peers: 6857 is expensive based on its Price-To-Earnings Ratio (56.3x) compared to the peer average (36.2x).

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 6857's PE Ratio compare vs other companies in the JP Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
6857 56.3xIndustry Avg. 22.7xNo. of Companies11PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6857 is expensive based on its Price-To-Earnings Ratio (56.3x) compared to the JP Semiconductor industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is 6857'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.

6857 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.3x
Fair PE Ratio44.7x

Price-To-Earnings vs Fair Ratio: 6857 is expensive based on its Price-To-Earnings Ratio (56.3x) compared to the estimated Fair Price-To-Earnings Ratio (44.7x).

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 6857 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥25,200.00
JP¥28,695.00
+13.87%
11.90%JP¥35,000.00JP¥20,500.00n/a20
Apr ’27JP¥22,500.00
JP¥28,363.16
+26.06%
11.19%JP¥32,300.00JP¥20,500.00n/a19
Mar ’27JP¥26,850.00
JP¥25,973.68
-3.26%
24.22%JP¥32,300.00JP¥8,000.00n/a19
Feb ’27JP¥25,505.00
JP¥25,015.79
-1.92%
24.96%JP¥32,300.00JP¥8,000.00n/a19
Jan ’27JP¥19,635.00
JP¥19,218.42
-2.12%
22.87%JP¥26,100.00JP¥8,000.00n/a19
Dec ’26JP¥19,700.00
JP¥19,218.42
-2.44%
22.87%JP¥26,100.00JP¥8,000.00n/a19
Nov ’26JP¥23,135.00
JP¥14,898.95
-35.60%
30.07%JP¥21,400.00JP¥6,000.00n/a19
Oct ’26JP¥14,675.00
JP¥12,625.26
-13.97%
23.79%JP¥17,000.00JP¥6,000.00n/a19
Sep ’26JP¥10,750.00
JP¥11,467.37
+6.67%
19.25%JP¥16,000.00JP¥6,000.00n/a19
Aug ’26JP¥10,215.00
JP¥10,977.89
+7.47%
21.73%JP¥16,000.00JP¥6,000.00n/a19
Jul ’26JP¥10,765.00
JP¥9,467.22
-12.06%
20.71%JP¥13,000.00JP¥6,000.00n/a18
Jun ’26JP¥7,367.00
JP¥8,897.65
+20.78%
18.96%JP¥12,000.00JP¥6,000.00n/a17
May ’26JP¥6,267.00
JP¥9,144.71
+45.92%
19.37%JP¥12,000.00JP¥6,000.00n/a17
Apr ’26JP¥6,283.00
JP¥10,359.12
+64.88%
17.31%JP¥14,000.00JP¥6,000.00JP¥22,500.0017
Mar ’26JP¥8,116.00
JP¥10,768.53
+32.68%
15.20%JP¥14,000.00JP¥6,000.00JP¥26,850.0017
Feb ’26JP¥8,659.00
JP¥10,652.94
+23.03%
14.92%JP¥14,000.00JP¥6,000.00JP¥25,505.0017
Jan ’26JP¥9,198.00
JP¥9,868.75
+7.29%
13.66%JP¥11,100.00JP¥6,000.00JP¥19,635.0016
Dec ’25JP¥8,240.00
JP¥9,760.00
+18.45%
14.23%JP¥11,100.00JP¥6,000.00JP¥19,700.0015
Nov ’25JP¥8,745.00
JP¥8,990.00
+2.80%
15.09%JP¥11,100.00JP¥6,000.00JP¥23,135.0015
Oct ’25JP¥6,890.00
JP¥7,963.46
+15.58%
4.66%JP¥8,700.00JP¥7,200.00JP¥14,675.0013
Sep ’25JP¥6,641.00
JP¥7,417.86
+11.70%
12.07%JP¥8,700.00JP¥5,600.00JP¥10,750.0014
Aug ’25JP¥6,863.00
JP¥7,200.00
+4.91%
13.09%JP¥8,700.00JP¥5,600.00JP¥10,215.0014
Jul ’25JP¥6,420.00
JP¥6,686.67
+4.15%
14.01%JP¥8,250.00JP¥5,250.00JP¥10,765.0015
Jun ’25JP¥5,313.00
JP¥6,693.33
+25.98%
13.29%JP¥8,250.00JP¥5,200.00JP¥7,367.0015
May ’25JP¥5,142.00
JP¥6,840.00
+33.02%
14.64%JP¥8,250.00JP¥5,000.00JP¥6,267.0015
Apr ’25JP¥6,481.00
JP¥7,000.00
+8.01%
14.81%JP¥8,500.00JP¥5,400.00JP¥6,283.0015
JP¥28.7k
Fair Value
22.6% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/07 05:31
End of Day Share Price 2026/04/07 00:00
Earnings2025/12/31
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

Advantest Corporation is covered by 35 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Steven LiuAletheia Analyst Network Limited
Warren LauAletheia Analyst Network Limited
Hao DaiBernstein