Obermatt

Japan Tobacco

TYO:2914 · JP3726800000
TobaccoXX-Large

360

96
EV / EBIT71
Price / Owner Earnings68
Owner Earnings Yield80
Dividend Yield95
Price/Sales40
EV / Gross Profit66
Price/Book54
Return on Capital67
Cash Return on Capital67
Return on Equity48
EBIT Margin74
Gross Profitability53
Cash Conversion17
Accruals19
Owner Earnings Margin80
Sales growth59
Profit Growth57
Long-Term EPS Growth79
Owner Earnings Growth98
Reinvestment49
Price momentum65
Debt load31
Refinancing68
Debt Payback78
Liquidity31
Analyst ratings46
Opinion Changes25
Price Target Upside26
Market mood41
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Japan Tobacco generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryJapan
IndustryTobacco
SizeXX-Large
TypePublic Company
ExchangeTSE
Founded1985
Employees666
Websitejti.co.jp
ISINJP3726800000
Last UpdateApr 2, 2026
Themes
NutraceuticalFast-Moving Consumer GoodsHospitalityTobacco

Description

Analysis

Middle-of-the-road

Japan Tobacco Inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 17.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 5% a year, against analyst forecasts of 11%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
34
2023202420252026

All-time high

89

Feb 2026

All-time low

3

Apr 2025

Average rank

48

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
40
9
3
19
Price/Earnings
50
64
62
87
Price/Book
54
34
22
38
Dividend Yield
95
88
94
100
Value (overall)
68
23
49
55

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →