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Maker of pen tablets/displays for digital artists, and licenses EMR pen technology into phones, laptops and e-readers.
Maker of pen tablets/displays for digital artists, and licenses EMR pen technology into phones, laptops and e-readers.
Earns in two ways: finished tablets and pen displays sold under its own brand to artists and designers, and pen-sensing technology sold to makers of phones, tablets and laptops that build in a stylus. The device-maker side ties it to a few customers' product plans.
In one line: A niche Apple-Pencil-tech supplier for the industry.
Moat: narrow (IP / patents, installed base, brand). Holds most professional creative-tablet share and EMR patents, but low-cost Chinese tablet rivals are gaining ground.
Headquarters: Kazo, Saitama, Japan · Founded: 1983 · Employees: 930
Size Wacom (6727.T) is a Japan Information Technology company (Computer Peripherals) with a market value of $570M, the 998th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥675 on 6 Nov 2026.
Performance Over six months the shares fell 5.9%, against -12.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 2.5% over the last twelve months (peer median +10.4%); the operating margin is 12.7% (peer median 0.7%).
Valuation It trades at 9.3× forward earnings against a peer median of 24.7× (3rd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 24.9 points above its cost of capital (9.1% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥107B | ¥110B | ¥116B | ¥119B | ¥113B |
| Revenue growth | — | -5% | -3% | +5% | — |
| Gross profit | ¥42.0B | ¥41.3B | ¥40.1B | ¥36.8B | ¥31.2B |
| EBITDA | ¥15.6B | ¥15.2B | ¥12.3B | ¥9.63B | ¥4.21B |
| Net income | ¥9.86B | ¥9.55B | ¥5.22B | ¥4.56B | ¥1.79B |
| Free cash flow | ¥8.75B | ¥8.50B | ¥7.41B | ¥15.6B | -¥2.33B |
| Capital expenditure | ¥1.68B | ¥1.95B | ¥1.03B | ¥2.32B | ¥1.54B |
| Total debt | ¥3.78B | ¥2.94B | ¥12.7B | ¥15.8B | ¥10.7B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wacom 6727.T | $570M | -6% | -3% | 13% | 9.3× | -6.0% |
| Apple AAPL | $4.98T | +17% | +15% | 33% | 36.8× | 19.0% |
| SamsungElec 005930.KS | $886B | -14% | +88% | 46% | 4.0× | -7.2% |
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.
| Measure | 6727.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.8% | -17.6% | 7th lowest of 21 |
| 6-month return | -5.9% | -12.4% | 8th highest of 21 |
| Distance from 52-week high | -28.9% | -39.2% | 4th highest of 21 |
| Revenue growth (TTM) | -2.5% | +10.4% | 6th lowest of 21 |
| Operating margin | 12.7% | 0.7% | 2nd highest of 21 |
| Forward P/E | 9.3× | 24.7× | 3rd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -6.0% | 10.1% | 2nd least demanding of 7 |
| Growth delivered (Del g) | +0.3% | +9.9% | 2nd lowest of 7 |
| Hurdle (Req g minus delivered) | -6.3 pp | -6.7 pp | 4th least demanding of 7 |
| ROIC minus cost of capital | +24.9 pp | -3.4 pp | 3rd highest of 20 |
| EV / EBITDA | 5.0× | 12.4× | 3rd cheapest of 9 |
| Net debt / EBITDA | -0.7× | -0.8× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wacom 6727.T | Japan | $570M | -6% | -3% | 13% | 9.3× | -6.0% | +0.3% |
| Quantum QMCO | United States | $570M | +100% | +11% | 0% | 27.1× | n/a | n/a |
| Newcapec Electronics 300248.SZ | China | $567M | -17% | +1% | 1% | 32.0× | 21.5% | +0.9% |
| Stratasys SSYS | United States | $565M | -25% | -3% | -14% | 45.9× | n/a | n/a |
| Hanwang Technology 002362.SZ | China | $596M | -12% | -2% | -13% | 81.8× | n/a | n/a |
| Chengdu Jiafaantai Education Technology 300559.SZ | China | $602M | -26% | -26% | 0% | 35.5× | 35.7% | -6.0% |
| Backblaze BLZE | United States | $523M | +10% | +17% | -4% | 26.7× | 12.7% | +22.1% |
| Taiwan Semiconductor 5425.TWO | Taiwan | $520M | +7% | +5% | 9% | 18.3× | 7.6% | +11.6% |
| Shenzhen Fluence Technology 300647.SZ | China | $517M | +7% | +12% | -20% | n/a | n/a | n/a |
| AAEON Technology 6579.TW | Taiwan | $633M | -10% | +30% | 9% | n/a | n/a | n/a |
| Sato 6287.T | Japan | $508M | +19% | +10% | 7% | 9.9× | -11.3% | +8.4% |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | n/a | n/a | n/a |
| Apacer Technology 8271.TW | Taiwan | $655M | -28% | +182% | 31% | 2.1× | n/a | n/a |
| PC Partner PCT.SI | Singapore | $662M | +4% | +18% | 7% | 7.4× | n/a | n/a |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | n/a | n/a | n/a |
| Hebei Huijin 300368.SZ | China | $667M | -17% | -18% | -124% | n/a | n/a | n/a |
| TES Touch Embedded Solutions (Xiamen) 003019.SZ | China | $668M | -28% | +24% | 8% | 20.7× | n/a | n/a |
| Shenzhen Chengtian Weiye Technology Co 300689.SZ | China | $679M | -27% | +19% | 0% | n/a | n/a | n/a |
| Shenzhen Minde Electronics Technology 300656.SZ | China | $681M | -13% | -14% | -60% | n/a | n/a | n/a |
| Muhlbauer Holding AG & Co. KGaA MUB.DE | Germany | $684M | +9% | +2% | 7% | n/a | -4.9% | +11.4% |
| Urovo Technology 300531.SZ | China | $693M | -23% | +33% | 8% | 22.8× | n/a | n/a |