Obermatt

Yamaha

TYO:7951 · JP3942600002
Leisure ProductsLarge

360

77
EV / EBIT60
Price / Owner Earnings41
Owner Earnings Yield79
Dividend Yield73
Price/Sales43
EV / Gross Profit78
Price/Book81
Return on Capital23
Cash Return on Capital39
Return on Equity24
EBIT Margin19
Gross Profitability45
Cash Conversion80
Accruals69
Owner Earnings Margin59
Sales growth32
Profit Growth79
Long-Term EPS Growth97
Reinvestment55
Price momentum71
Debt load87
Refinancing50
Debt Payback100
Liquidity86
Analyst ratings20
Opinion Changes50
Price Target Upside22
Market mood83
Value Creation10/20creating some value
  • 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

Yamaha clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryJapan
IndustryLeisure Products
SizeLarge
TypePublic Company
ExchangeTSE
Founded1897
Employees2,310
Websiteyamaha.com
ISINJP3942600002
Last UpdateApr 2, 2026
Themes
Digital MediaEntertainment SystemsE-learningAudio/Visual EquipmentManufacturingMusicMusical Instruments

Description

Yamaha Corporation operates in musical instruments, audio equipment, and various electronic devices. The company leverages its significant heritage in music innovation to expand its offerings into a diverse range of products that serve both professio…

Analysis

Middle-of-the-road

Yamaha Corporation 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 15.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 2% a year, against analyst forecasts of 29%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.

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
98
2023202420252026

All-time high

98

Jun 2026

All-time low

15

Apr 2025

Average rank

44

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
43
41
38
23
Price/Earnings
28
36
47
21
Price/Book
81
71
65
43
Dividend Yield
73
35
23
16
Value (overall)
61
33
31
15

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 →