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← CockpitCompetitor Analysis › 3993.T PKSHA Technology, Inc.Open in the cockpit ↗

PKSHA Technology, Inc.3993.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Packaged Software
Momentum neutral 48
Mkt cap
$602M
US dollars, full cap
Free float
53%
of shares outstanding
$/day
$5.97M
20-day average traded
Fwd P/E
28.2×
forward earnings
ROIC−WACC
+1.0 pp
WACC 12.3%
Hurdle
-8 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · JPY¥3,020
1D-8.1%
1W-19.4%
1M-10.2%
3M+6.1%
6M-8.5%
YTD-14.0%
1Y-22.6%
ATR %5.7%
52w lowhigh33.1% off high

What PKSHA Technology does

Employees: 1,001

PKSHA Technology at a glance

Size PKSHA Technology (3993.T) is a Japan Information Technology company (Packaged Software) with a market value of $602M, the 973rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,020 on 6 Nov 2026.

Performance Over six months the shares fell 8.5%, against -23.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 20 in its peer set.

Growth Revenue grew 73.8% over the last twelve months (peer median +18.4%); the operating margin is 15.5% (peer median -2.7%).

Valuation It trades at 28.2× forward earnings against a peer median of 24.7× (4th most expensive of 10).

Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -8 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.0 points above its cost of capital (12.3% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20263993.T 92Peer median 74
Six months, rebased to 100: PKSHA Technology against the median of its 20 peers (local-currency closes).

PKSHA Technology financials

Reported figures in JPY; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥34.7B¥21.8B¥16.9B¥13.9B¥11.5B
Revenue growth—+29%+21%+21%—
Gross profit¥16.6B¥10.0B¥7.88B¥6.19B¥4.84B
EBITDA¥7.83B¥5.91B¥4.85B¥2.47B¥3.01B
Net income¥2.61B¥2.68B¥2.08B¥4.71M¥837M
Free cash flown/a¥4.95B¥2.80B¥2.84B¥2.48B
Capital expendituren/a¥928M¥827M¥707M¥601M
Total debt¥7.72B¥10.9B¥4.72B¥3.94B¥3.73B

Quarterly statements and history in the cockpit →

PKSHA Technology competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+200%+400%+600%-25%0%+25%+50%6687CGNTSOPH688039600212002912RCATHQ278A3002994456803993.T6-month return →1-month return →
Up and to the right = strong over both horizons. PKSHA Technology is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%50×100×6687CGNT600212002912688489278ARAY-B3015563993.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. PKSHA Technology is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%20%40%60%6687CGNTTXT600212RAY-B3015563002993993.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. PKSHA Technology is the large dot.

PKSHA Technology competitors and peer comparison

How PKSHA Technology compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

PKSHA Technology against its 20 peers (data as of 6 Nov 2026)
Measure3993.TPeer medianRank in peer set
1-month return-10.2%-7.3%8th lowest of 21
6-month return-8.5%-23.0%8th highest of 20
Distance from 52-week high-33.1%-44.1%4th highest of 21
Revenue growth (TTM)+73.8%+18.4%2nd highest of 20
Operating margin15.5%-2.7%3rd highest of 20
Forward P/E28.2×24.7×4th most expensive of 10
Growth the price implies (Req g, 7 yrs)16.6%22.2%4th least demanding of 8
Growth delivered (Del g)+24.1%+15.6%4th highest of 8
Hurdle (Req g minus delivered)-7.5 pp-8.3 pp4th most demanding of 8
ROIC minus cost of capital+1.0 pp-9.5 pp4th highest of 19
EV / EBITDA11.1×12.0×2nd cheapest of 5
Net debt / EBITDA-1.1×-1.6×3rd most indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
PKSHA Technology 3993.TJapan$602M-8%+74%16%28.2×16.6%+24.1%
JST 6687.HKHong Kong$603M-28%+26%11%14.5×-11.9%+30.3%
Cognyte Software CGNTUnited States$597M-27%+28%5%12.7×22.2%-2.0%
Sophia Genetics SOPHUnited States$608M+39%+24%-80%n/an/an/a
Hangzhou Arcvideo Technology 688039.SSChina$609M-13%+1%-48%n/an/an/a
TXT e-solutions TXT.MIItaly$610M+29%+22%6%16.5×10.3%+41.8%
Gresgying Digital Energy Technology 600212.SSChina$594M-34%-8%-6%12.5×23.5%+38.2%
UISEE Technologies (Beijing) 1511.HKHong Kong$593Mn/a+24%-71%n/an/an/a
Shenzhen Sinovatio Technology 002912.SZChina$592M-2%+7%-10%24.7×n/an/a
Sansec Technology 688489.SSChina$590M-13%+18%-7%112.0×n/an/a
Red Cat RCATUnited States$617M-61%+693%-150%n/an/an/a
Horizon Quantum HQUnited States$617M+14%n/an/an/an/an/a
Beijing ZZNode Technologies 003007.SZChina$617M-23%+64%20%n/an/an/a
Terra Drone 278A.TJapan$618M+564%+14%-26%69.9×n/an/a
RaySearch Laboratories RAY-B.STSweden$618M+1%+3%19%27.7×7.3%+15.6%
Zhejiang TOP Cloud-agri Technology 301556.SZChina$620M-34%-14%13%40.4×30.7%+14.0%
Fuchun Technology 300299.SZChina$623M-2%+3%2%n/a54.9%-4.8%
Shanghai Amarsoft Information & Technology 300380.SZChina$628M-30%-2%4%n/an/an/a
Curiox Biosystems 445680.KSSouth Korea$577M-55%+37%-245%n/an/an/a
Beijing Bewinner Communications 002148.SZChina$573M-25%+5%-3%n/an/an/a
Sichuan Discovery Dream Science & Technology 301213.SZChina$633M-26%+34%2%n/an/an/a

Questions

Which companies are PKSHA Technology's closest peers?
The cockpit's peer set: JST (6687.HK), Cognyte Software (CGNT), Sophia Genetics (SOPH), Hangzhou Arcvideo Technology (688039.SS), TXT e-solutions (TXT.MI), Gresgying Digital Energy Technology (600212.SS), UISEE Technologies (Beijing) (1511.HK), Shenzhen Sinovatio Technology (002912.SZ).
Is PKSHA Technology expensive compared with its peers?
On forward p/e it trades at 28.2× against a peer median of 24.7×, 4th most expensive of 10 in its peer set. For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -8 pp: the price already allows for a slowdown.
How has PKSHA Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -8.5% against -23.0% for the median peer; over one year -22.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.