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Maxell, Ltd.6810.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Electrical Products
Momentum laggard 18
Mkt cap
$474M
US dollars, full cap
Free float
81%
of shares outstanding
$/day
$3.31M
20-day average traded
Fwd P/E
9.3×
forward earnings
ROIC−WACC
-0.1 pp
WACC 5.7%
Hurdle
+0 pp
Req g minus delivered
Next earnings
84 days
29 Jan 2027
Close · JPY¥2,026
1D-7.7%
1W-18.8%
1M-24.1%
3M-21.2%
6M+1.6%
YTD-15.6%
1Y-6.5%
ATR %4.8%
52w lowhigh24.9% off high

What Maxell does

Employees: 3,765

Maxell at a glance

Size Maxell (6810.T) is a Japan Industrials company (Electrical Products) with a market value of $474M, the 1103rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,026 on 6 Nov 2026.

Performance Over six months the shares gained 1.6%, against -28.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 6.3% over the last twelve months (peer median +14.9%); the operating margin is 6.2% (peer median 0.3%).

Valuation It trades at 9.3× forward earnings against a peer median of 17.4× (3rd cheapest of 8).

Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 0.1 points below its cost of capital (5.7% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20266810.T 101Peer median 69
Six months, rebased to 100: Maxell against the median of its 20 peers (local-currency closes).

Maxell financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥140B¥129B¥130B¥129B¥133B
Revenue growth—0%+1%-3%—
Gross profit¥34.0B¥34.5B¥35.8B¥33.3B¥33.6B
EBITDA¥14.4B¥13.2B¥14.7B¥12.9B¥10.4B
Net income¥8.77B¥8.26B¥4.09B¥7.54B¥5.19B
Free cash flown/a¥532M¥1.99B¥8.21B-¥930M
Capital expendituren/a¥8.32B¥8.21B¥6.60B¥5.53B
Total debt¥35.8B¥37.4B¥18.8B¥18.3B¥26.0B

Quarterly statements and history in the cockpit →

Maxell 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

-40%-20%0%+20%-40%-20%0%30123830089000234708196050664960300414688717996377883007876031096886330063402529903000116001923012260020556810.T6-month return →1-month return →
Up and to the right = strong over both horizons. Maxell is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%20×40×60×300890081968871777886031096886332529906810.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Maxell is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%0%25%50%002347081999636031096886332529903000113012266810.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. Maxell is the large dot.

Maxell competitors and peer comparison

How Maxell 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.

Maxell against its 20 peers (data as of 6 Nov 2026)
Measure6810.TPeer medianRank in peer set
1-month return-24.1%-9.7%5th lowest of 21
6-month return+1.6%-28.7%3rd highest of 21
Distance from 52-week high-24.9%-45.1%highest of 21
Revenue growth (TTM)+6.3%+14.9%10th lowest of 21
Operating margin6.2%0.3%5th highest of 21
Forward P/E9.3×17.4×3rd cheapest of 8
Growth the price implies (Req g, 7 yrs)-1.1%18.1%3rd least demanding of 9
Growth delivered (Del g)-1.4%+6.7%3rd lowest of 9
Hurdle (Req g minus delivered)+0.3 pp+8.3 pp4th least demanding of 9
ROIC minus cost of capital-0.1 pp-5.0 pp4th highest of 21
EV / EBITDA6.0×14.9×2nd cheapest of 5
Net debt / EBITDA0.7×0.8×4th least 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
Maxell 6810.TJapan$474M+2%+6%6%9.3×-1.1%-1.4%
Jiangsu Ruitai New Energy Materials 301238.SZChina$474M-34%+50%-5%n/an/an/a
Shanghai XFH Technology 300890.SZChina$475M-35%+52%7%35.8×n/an/a
Taier Heavy Industry 002347.SZChina$471M-22%-1%-7%n/a18.1%+6.1%
Sinostar Cable 300933.SZChina$477M-29%+13%0%n/an/an/a
Tianneng Power International 0819.HKHong Kong$470M-47%+6%1%5.2×-1.3%-0.6%
Zhejiang Tengen Electrics 605066.SSChina$477M-21%-3%0%n/an/an/a
Cheng Mei Materials Technology 4960.TWTaiwan$470M-36%-7%-14%n/an/an/a
Sichuan Zhongguang Lightning Protection Technologies 300414.SZChina$478M-31%+21%3%n/an/an/a
SolaX Power Network Technology (Zhejiang) 688717.SSChina$468M-68%+57%0%60.3×n/an/a
Transtech Optelecom Science 9963.HKHong Kong$467M+63%+76%-3%n/a54.9%-18.2%
Song Chuan Precision 7788.TWTaiwan$467M+15%+34%9%20.9×n/an/a
Anfu CE LINK 300787.SZChina$484M-4%+17%-1%n/an/an/a
Senci Electric Machinery 603109.SSChina$460M-33%-3%4%9.5×18.1%+13.4%
Nantong Xingqiu Graphite 688633.SSChina$490M-47%+44%31%8.1×-6.5%+7.6%
Daewon Cable 006340.KSSouth Korea$457M-49%+38%2%n/an/an/a
SEMCNS 252990.KSSouth Korea$492M-20%+66%29%17.4×14.8%+16.8%
Beijing Dinghan Technology 300011.SZChina$494M-26%-2%-1%n/a31.5%+7.2%
Lanzhou Greatwall Electrcal 600192.SSChina$453M-17%-6%-23%n/an/an/a
Changzhou Xiangming Intelligent Drive System 301226.SZChina$450M-29%+4%1%n/a38.8%-1.6%
Shenzhen Deren Electronic 002055.SZChina$502M-9%-6%4%n/an/an/a

Questions

Which companies are Maxell's closest peers?
The cockpit's peer set: Jiangsu Ruitai New Energy Materials (301238.SZ), Shanghai XFH Technology (300890.SZ), Taier Heavy Industry (002347.SZ), Sinostar Cable (300933.SZ), Tianneng Power International (0819.HK), Zhejiang Tengen Electrics (605066.SS), Cheng Mei Materials Technology (4960.TW), Sichuan Zhongguang Lightning Protection Technologies (300414.SZ).
Is Maxell expensive compared with its peers?
On forward p/e it trades at 9.3× against a peer median of 17.4×, 3rd cheapest of 8 in its peer set. For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Maxell stock performed?
Over six months to 6 Nov 2026 the shares returned +1.6% against -28.7% for the median peer; over one year -6.5%.

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.