GMO Payment Gateway, Inc.

TSE:3769 Stock Report

Market Cap: JP¥676.2b

GMO Payment Gateway Valuation

Is 3769 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 3769 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: 3769 (¥8904) is trading below our estimate of future cash flow value (¥10365.18)

Significantly Below Future Cash Flow Value: 3769 is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3769?

Key metric: As 3769 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3769. This is calculated by dividing 3769's market cap by their current earnings.
What is 3769's PE Ratio?
PE Ratio28.1x
EarningsJP¥24.02b
Market CapJP¥676.20b

Price to Earnings Ratio vs Peers

How does 3769's PE Ratio compare to its peers?

The above table shows the PE ratio for 3769 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.5x
4051 GMO Financial Gate
32.9x21.05%JP¥54.2b
438A Infcurion
33.1x63.25%JP¥14.7b
8729 Sony Financial Group
16.4x26.83%JP¥911.7b
2428 Wellnet
11.7xn/aJP¥11.7b
3769 GMO Payment Gateway
28.1x16.01%JP¥676.2b

Price-To-Earnings vs Peers: 3769 is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (23.5x).

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 3769's PE Ratio compare vs other companies in the JP Diversified Financial Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
8301 Bank of Japan
0.01xn/aUS$142.19m
No more companies available in this PE range
3769 28.1xIndustry Avg. 13.5xNo. of Companies5PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3769 is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the JP Diversified Financial industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is 3769'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.

3769 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.1x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: 3769 is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

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 3769 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥8,904.00
JP¥10,098.33
+13.41%
13.73%JP¥14,300.00JP¥9,000.00n/a12
Jun ’27JP¥9,069.00
JP¥9,928.18
+9.47%
11.71%JP¥13,000.00JP¥8,650.00n/a11
May ’27JP¥7,823.00
JP¥9,830.00
+25.66%
12.32%JP¥13,000.00JP¥8,200.00n/a11
Apr ’27JP¥8,407.00
JP¥10,030.00
+19.31%
11.59%JP¥13,000.00JP¥8,200.00n/a11
Mar ’27JP¥8,091.00
JP¥10,355.45
+27.99%
12.61%JP¥13,000.00JP¥8,200.00n/a11
Feb ’27JP¥8,936.00
JP¥10,355.45
+15.88%
12.61%JP¥13,000.00JP¥8,200.00n/a11
Jan ’27JP¥9,753.00
JP¥10,446.36
+7.11%
12.56%JP¥13,000.00JP¥8,200.00n/a11
Dec ’26JP¥9,851.00
JP¥10,182.73
+3.37%
12.42%JP¥13,000.00JP¥8,200.00n/a11
Nov ’26JP¥8,427.00
JP¥9,910.00
+17.60%
9.77%JP¥11,200.00JP¥8,200.00n/a11
Oct ’26JP¥8,274.00
JP¥9,910.00
+19.77%
9.77%JP¥11,200.00JP¥8,200.00n/a11
Sep ’26JP¥8,486.00
JP¥10,032.73
+18.23%
9.48%JP¥11,200.00JP¥8,200.00n/a11
Aug ’26JP¥8,603.00
JP¥10,176.00
+18.28%
10.59%JP¥12,000.00JP¥8,300.00n/a10
Jul ’26JP¥9,204.00
JP¥10,066.00
+9.37%
12.00%JP¥12,000.00JP¥8,000.00n/a10
Jun ’26JP¥8,854.00
JP¥9,775.00
+10.40%
13.57%JP¥12,000.00JP¥8,000.00JP¥9,069.0010
May ’26JP¥8,937.00
JP¥9,745.00
+9.04%
13.92%JP¥12,000.00JP¥8,000.00JP¥7,823.0010
Apr ’26JP¥8,019.00
JP¥9,755.00
+21.65%
13.80%JP¥12,000.00JP¥8,000.00JP¥8,407.0010
Mar ’26JP¥7,481.00
JP¥9,755.00
+30.40%
13.80%JP¥12,000.00JP¥8,000.00JP¥8,091.0010
Feb ’26JP¥8,245.00
JP¥9,875.00
+19.77%
12.58%JP¥12,000.00JP¥8,000.00JP¥8,936.0010
Jan ’26JP¥7,971.00
JP¥10,195.00
+27.90%
11.89%JP¥12,400.00JP¥8,900.00JP¥9,753.0010
Dec ’25JP¥7,885.00
JP¥10,255.00
+30.06%
12.20%JP¥12,600.00JP¥8,900.00JP¥9,851.0010
Nov ’25JP¥8,796.00
JP¥10,255.00
+16.59%
12.20%JP¥12,600.00JP¥8,900.00JP¥8,427.0010
Oct ’25JP¥8,629.00
JP¥10,255.00
+18.84%
12.20%JP¥12,600.00JP¥8,900.00JP¥8,274.0010
Sep ’25JP¥9,143.00
JP¥10,290.91
+12.56%
12.12%JP¥12,600.00JP¥8,900.00JP¥8,486.0011
Aug ’25JP¥8,289.00
JP¥10,509.09
+26.78%
15.77%JP¥14,000.00JP¥8,900.00JP¥8,603.0011
Jul ’25JP¥8,418.00
JP¥10,681.82
+26.89%
14.98%JP¥14,000.00JP¥8,900.00JP¥9,204.0011
Jun ’25JP¥6,779.00
JP¥10,827.27
+59.72%
14.54%JP¥14,000.00JP¥8,900.00JP¥8,854.0011
JP¥10.1k
Fair Value
11.8% undervalued intrinsic discount
12
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 Analysis2026/06/28 20:23
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

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

GMO Payment Gateway, Inc. is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuki YaginumaBofA Global Research
Hideo NodaCLSA
Kazuki TokunagaDaiwa Securities Co. Ltd.