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← CockpitCompetitor Analysis › 464A.T QPS Holdings, Inc.Open in the cockpit ↗

QPS Holdings, Inc.464A.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Telecommunications Equipment
Momentum laggard 3
Mkt cap
$417M
US dollars, full cap
Free float
80%
of shares outstanding
$/day
$12.8M
20-day average traded
Fwd P/E
28.2×
forward earnings
ROIC−WACC
-16.0 pp
WACC 16.6%
Hurdle
n/a
no reverse DCF
Next earnings
89 days
3 Feb 2027
Close · JPY¥1,176
1D-7.6%
1W-17.3%
1M-28.0%
3M-23.0%
6M-53.3%
YTD-27.2%
1Yn/a
ATR %6.8%
52w lowhigh73.8% off high

What QPS does

Employees: 72

QPS at a glance

Size QPS (464A.T) is a Japan Information Technology company (Telecommunications Equipment) with a market value of $417M, the 1163rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,176 on 6 Nov 2026.

Performance Over six months the shares fell 53.3%, against -20.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 91.3% over the last twelve months (peer median +4.0%); the operating margin is 3.3% (peer median -1.4%).

Valuation It trades at 28.2× forward earnings against a peer median of 29.0× (4th cheapest of 7).

Capital Return on invested capital runs 16.0 points below its cost of capital (16.6% WACC).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

5010015011 May 202611 Aug 20266 Nov 2026Peer median 75464A.T 46
Six months, rebased to 100: QPS against the median of its 20 peers (local-currency closes).

QPS financials

Reported figures in JPY; fiscal year ends 2026-05-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥5.27B¥3.80B¥2.68B¥1.65B¥372M
Revenue growth—+42%+62%+345%—
Gross profit¥1.46B¥330M¥885M¥945M¥154M
EBITDA¥2.27B¥845M¥608M¥549M-¥268M
Net income¥2.12B¥1.15B-¥1.85B-¥427M-¥1.11B
Free cash flown/a-¥10.1B-¥6.26B-¥3.01B-¥2.52B
Capital expendituren/a¥9.55B¥7.77B¥3.76B¥2.39B
Total debt¥6.30B¥6.30B¥5.30B¥2.10B¥300M

Quarterly statements and history in the cockpit →

QPS 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

-60%-40%-20%0%-30%-20%-10%0%0028353002506882836001300993200028694906NAPA0167603042CLFD6880300028293002700023136809300264EPEN301042464A.T6-month return →1-month return →
Up and to the right = strong over both horizons. QPS is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×688283099320CLFD688030002829EPEN464A.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. QPS is the large dot.

QPS competitors and peer comparison

How QPS 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.

QPS against its 20 peers (data as of 6 Nov 2026)
Measure464A.TPeer medianRank in peer set
1-month return-28.0%-14.9%2nd lowest of 21
6-month return-53.3%-20.3%3rd lowest of 21
Distance from 52-week high-73.8%-44.0%2nd lowest of 21
Revenue growth (TTM)+91.3%+4.0%2nd highest of 21
Operating margin3.3%-1.4%9th highest of 21
Forward P/E28.2×29.0×4th cheapest of 7
ROIC minus cost of capital-16.0 pp-10.4 pp5th lowest of 21
EV / EBITDA23.4×23.4×3rd cheapest of 5
Net debt / EBITDA-5.6×-7.2×3rd most indebted of 8

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
QPS 464A.TJapan$417M-53%+91%3%28.2×n/an/a
Shenzhen Tvt Digital Technology 002835.SZChina$422M-17%+18%10%n/an/an/a
Hangzhou CNCR-IT 300250.SZChina$423M-30%+1%-2%n/a49.9%-10.0%
Chengdu KSW Technologies 688283.SSChina$411M-45%-4%3%45.0×n/an/a
Ningbo Bird 600130.SSChina$428M-16%+26%-1%n/an/an/a
Satrec Initiative 099320.KSSouth Korea$405M-70%+18%5%34.2×n/an/a
Shenzhen Genvict Technologies 002869.SZChina$404M-27%-26%-39%n/an/an/a
GemTek Technology 4906.TWTaiwan$433M-10%-36%-2%n/an/an/a
Napatech A/S NAPA.OLNorway$434M-19%+35%-29%n/an/an/a
IDT International 0167.HKHong Kong$401M+4%+2,165%4%n/an/an/a
Nanjing Huamai Technology 603042.SSChina$389M-21%+7%10%n/a10.2%-6.7%
Clearfield CLFDUnited States$389M-28%-27%2%48.5×42.9%+10.0%
Hillstone Networks 688030.SSChina$386M-14%-8%-16%23.8×n/an/a
Beijing StarNeto Technology 002829.SZChina$460M-33%-25%-70%11.3×n/an/a
Joyware Electronics 300270.SZChina$376M-38%+66%-7%n/a10.1%-4.2%
Sunsea AIoT Technology 002313.SZChina$469M-13%+11%-4%n/an/an/a
Jilin University Zhengyuan Information Technologies 003029.SZChina$478M-20%+1%-29%n/an/an/a
Toa 6809.TJapan$362M-5%+12%10%n/a-10.6%+6.4%
AVIT 300264.SZChina$361M-40%-63%-68%n/an/an/a
Ependion EPEN.STSweden$483M+6%+13%11%21.1×10.9%+9.2%
Zhuhai Raysharp Technology 301042.SZChina$357M-68%-1%6%n/an/an/a

Questions

Which companies are QPS's closest peers?
The cockpit's peer set: Shenzhen Tvt Digital Technology (002835.SZ), Hangzhou CNCR-IT (300250.SZ), Chengdu KSW Technologies (688283.SS), Ningbo Bird (600130.SS), Satrec Initiative (099320.KS), Shenzhen Genvict Technologies (002869.SZ), GemTek Technology (4906.TW), Napatech A/S (NAPA.OL).
Is QPS expensive compared with its peers?
On forward p/e it trades at 28.2× against a peer median of 29.0×, 4th cheapest of 7 in its peer set.
How has QPS stock performed?
Over six months to 6 Nov 2026 the shares returned -53.3% against -20.3% for the median peer.

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.