--- title: "ANA Holdings (TSE:9202) Stock Valuation Looks Mixed After Recent Share Performance" type: "News" locale: "en" url: "https://longbridge.com/en/news/289746646.md" description: "ANA Holdings (TSE:9202) presents a mixed valuation outlook. While its P/E ratio of 7.6x suggests undervaluation compared to market and peer averages, a Discounted Cash Flow model indicates the stock is overvalued at current levels. The share price has risen 3.4% monthly but remains down 5.4% year-to-date, highlighting conflicting signals between earnings multiples and cash flow assumptions." datetime: "2026-06-15T07:38:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289746646.md) - [en](https://longbridge.com/en/news/289746646.md) - [zh-HK](https://longbridge.com/zh-HK/news/289746646.md) generator: "portal-rs" --- # ANA Holdings (TSE:9202) Stock Valuation Looks Mixed After Recent Share Performance ## Recent share performance overview ANA Holdings (TSE:9202) has drawn investor attention after a recent move in its share price, with the stock up about 1.2% on the day and roughly 3.4% over the past month. See our latest analysis for ANA Holdings. That recent move comes after a mixed stretch, with the share price return up 3.4% over the past month but down 5.4% year to date, while the 1 year total shareholder return of 5.8% points to steadier long term progress. If you are weighing ANA Holdings against other opportunities in transport heavy sectors, it could be a good moment to widen your search using the 34 power grid technology and infrastructure stocks So with ANA trading at ¥2,839 against an average analyst price target of ¥3,252.50 and a middling value score of 3, should you see hidden value here or has the market already priced in future growth? ## Preferred P/E of 7.6x: Is it justified? On a simple earnings yardstick, ANA Holdings screens as inexpensive, with a P/E of 7.6x at a last close of ¥2,839 compared with richer earnings multiples across the broader market and airline peers. The P/E ratio compares the current share price with earnings per share. It gives a quick sense of how much investors are paying for each unit of profit. For an established airline group with positive earnings and a long operating history, this is a commonly used reference point. Here, ANA trades on a P/E of 7.6x. In comparison, the JP market sits at 13.5x, the Asian Airlines industry average is 11.5x and the company-specific peer group average is 11.6x. In addition, an estimated “fair” P/E for ANA of 15.8x suggests the current multiple is well below a level the market could plausibly move toward if sentiment or earnings expectations shift. Explore the SWS fair ratio for ANA Holdings **Result: Price-to-earnings of 7.6x (UNDERVALUED)** However, there are clear risks, including exposure to cyclical travel demand and the possibility that recent share price softness signals more cautious earnings expectations ahead. Find out about the key risks to this ANA Holdings narrative. ## Another view using the SWS DCF model There is a twist when looking at ANA through the SWS DCF model. On this measure, the current share price of ¥2,839 sits well above an estimated value of ¥964.69. This points to an overvalued stock rather than a bargain on cash flow assumptions. That gap raises a practical question for you as an investor: which story feels more convincing, the low P/E against peers or a cash flow model that paints ANA as expensive at today’s price? Look into how the SWS DCF model arrives at its fair value. 9202 Discounted Cash Flow as at Jun 2026 Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out ANA Holdings for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 17 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. ## Next Steps If this mix of potential risks and rewards leaves you undecided, move quickly from reading to testing the numbers yourself with the 4 key rewards and 1 important warning sign. ## Looking for more investment ideas? If ANA is only one piece of your watchlist, now is the time to broaden your search and see what other opportunities might suit your style. - Target potential value opportunities by reviewing 17 high quality undervalued stocks that combine lower pricing with solid fundamentals. - Strengthen your income focus by scanning 52 dividend fortresses built around higher yields and resilient payout histories. - Prioritise resilience by checking 51 resilient stocks with low risk scores where balance sheets and risk scores help you avoid unpleasant surprises. *This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.* ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [9202.JP](https://longbridge.com/en/quote/9202.JP.md) ## Related News & Research - [ANA Holdings (TSE:9202) EPS Beat Challenges Slowing Earnings Growth Narrative](https://longbridge.com/en/news/284882207.md) - [UBS Remains a Buy on ANA Holdings Inc. 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