Valuation NTT, Inc.

Stocks

9432

JP3735400008

Integrated Telecommunications Services

Market Closed - Japan Exchange 10:30:00 02/10/2026 +04			5-day change	1st Jan Change
169.90 ^JPY	-0.23%		-3.52%	+7.74%

10-01	Tranche Update on NTT, Inc.'s Equity Buyback Plan announced on May 8, 2026.	CI
09-16	KDDI, NTT Docomo, SoftBank, Rakuten Mobile Sign MOU on Use of 5G Millimeter-Wave Infrastructure for Coverage Boost	MT

Company Valuation: NTT, Inc.

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Market Cap ¹	12,554,530	13,508,769	15,117,862	11,972,239	12,799,794	13,866,607	-	-
Change	-	7.6%	11.91%	-20.81%	6.91%	8.33%	-	-
Enterprise Value (EV) ¹	19,841,020	21,865,382	24,848,999	21,982,339	27,797,451	27,929,145	28,131,652	28,028,222
Change	-	10.2%	13.65%	-11.54%	26.45%	0.47%	0.73%	-0.37%
P/E	10.8x	11.4x	11.9x	12.1x	12.5x	13.3x	12.3x	11.4x
PBR	1.52x	1.58x	1.54x	1.17x	1.32x	1.37x	1.3x	1.23x
PEG	-	2.01x	1.42x	-0.6x	2.3x	10.49x	1.52x	1.41x
Capitalization / Revenue	1.03x	1.03x	1.13x	0.87x	0.89x	0.91x	0.88x	0.85x
EV / Revenue	1.63x	1.66x	1.86x	1.6x	1.93x	1.84x	1.79x	1.73x
EV / EBITDA	5.96x	6.65x	7x	6.52x	7.95x	8.02x	7.75x	7.42x
EV / EBIT	11.2x	12x	12.9x	13.3x	16.3x	16x	15x	14.1x
EV / FCF	15.1x	41.7x	64.6x	79.5x	-33.1x	51.6x	60.4x	56.2x
FCF Yield	6.61%	2.4%	1.55%	1.26%	-3.02%	1.94%	1.66%	1.78%
Dividend per Share ²	4.6	4.8	5.1	5.2	5.3	5.35	5.641	5.881
Rate of return	3.24%	3.03%	2.84%	3.59%	3.37%	3.14%	3.31%	3.45%
EPS ²	13.17	13.92	15.09	11.96	12.61	12.77	13.8	14.92
Distribution rate	34.9%	34.5%	33.8%	43.5%	42%	41.9%	40.9%	39.4%
Net sales ¹	12,156,447	13,136,200	13,374,569	13,704,727	14,409,121	15,188,429	15,711,423	16,241,633
EBITDA ¹	3,329,776	3,290,200	3,551,496	3,371,606	3,497,204	3,484,100	3,627,591	3,775,396
EBIT ¹	1,768,593	1,829,000	1,922,910	1,649,571	1,706,221	1,747,908	1,870,924	1,981,357
Net income ¹	1,181,083	1,213,100	1,279,521	1,000,016	1,037,032	1,032,195	1,101,272	1,171,037
Net Debt ¹	7,286,490	8,356,613	9,731,137	10,010,100	14,997,657	14,062,538	14,265,045	14,161,615
Reference price ²	141.80	158.48	179.80	144.70	157.20	170.30	170.30	170.30
Nbr of stocks (in thousands)	88,536,882	85,239,584	84,081,549	82,738,351	81,423,625	81,424,583	-	-
Announcement Date	12/05/22	12/05/23	10/05/24	09/05/25	08/05/26	-	-	-

¹JPY in Million²JPY

Estimates

P/E, Detailed evolution

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NTT, INC.	13.34x	1.84x	8.02x	3.14%	88.05B
CHINA MOBILE LIMITED	11.09x	1.31x	4.17x	6.97%	223B
VERIZON COMMUNICATIONS, INC.	10.16x	2.47x	6.53x	6.14%	191B
DEUTSCHE TELEKOM AG	12.55x	2.11x	5.45x	4.32%	141B
CHINA TELECOM CORPORATION LIMITED	11.82x	0.9x	3.37x	6.46%	80.57B
AMÉRICA MÓVIL, S.A.B. DE C.V.	11.27x	1.75x	4.42x	2.9%	62.27B
SAUDI TELECOM COMPANY	14.82x	2.64x	8.24x	5.17%	56.84B
SINGAPORE TELECOMMUNICATIONS LIMITED	22.97x	5.3x	19.35x	4.76%	54.41B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	14.51x	2.69x	6.01x	4.48%	50.19B
ORANGE	10.36x	1.69x	5.23x	5.7%	41.34B
Average	13.29x	2.27x	7.08x	5%	98.88B
Weighted average by Cap.	12.40x	2.07x	6.31x	5.39%