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Maker of cars known for all-wheel-drive systems, popular in the US and Japan.
Maker of cars known for all-wheel-drive systems, popular in the US and Japan.
Sells most cars in the US, where its all-wheel-drive models earn loyal repeat buyers, so the US market and the dollar-yen rate weigh heavily on results. Toyota is its largest shareholder and a technology partner. The company grew out of Fuji Heavy Industries, and its aerospace unit builds parts for Boeing aircraft.
In one line: Itself, a niche AWD-focused automaker with a devoted US following.
Moat: narrow (brand, IP / patents). Strong brand loyalty and engineering reputation around symmetrical all-wheel-drive technology.
Headquarters: Tokyo, Japan · Founded: 1953 · Employees: 37,542
Size Subaru (7270.T) is a Japan Consumer Discretionary company (Motor Vehicles) with a market value of $12.3B, the 114th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,718 on 6 Nov 2026.
Performance Over six months the shares gained 15.7%, against -15.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +5.0%); the operating margin is 2.8% (peer median 5.9%).
Valuation It trades at 12.0× forward earnings against a peer median of 11.7× (9th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points below its cost of capital (7.5% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥4.82T | ¥4.78T | ¥4.69T | ¥4.70T | ¥3.77T |
| Revenue growth | — | +2% | 0% | +25% | — |
| Gross profit | ¥684B | ¥679B | ¥941B | ¥957B | ¥703B |
| EBITDA | ¥421B | ¥448B | ¥650B | ¥700B | ¥520B |
| Net income | ¥85.2B | ¥90.8B | ¥338B | ¥385B | ¥200B |
| Free cash flow | ¥42.3B | ¥124B | ¥321B | ¥580B | ¥369B |
| Capital expenditure | ¥296B | ¥310B | ¥265B | ¥300B | ¥195B |
| Total debt | ¥364B | ¥550B | ¥530B | ¥523B | ¥427B |
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 |
|---|---|---|---|---|---|---|
| Subaru 7270.T | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% |
| Toyota Motor 7203.T | $251B | +10% | +7% | 7% | 10.6× | n/a |
| Mazda Motor 7261.T | $4.52B | +12% | +4% | 3% | 6.9× | -14.8% |
| Honda Motor 7267.T | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% |
| Volkswagen VOW.DE | $39.1B | -24% | -3% | 7% | 5.5× | n/a |
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 | 7270.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.3% | +3.0% | 7th highest of 21 |
| 6-month return | +15.7% | -15.4% | 4th highest of 21 |
| Distance from 52-week high | -23.6% | -27.8% | 8th highest of 21 |
| Revenue growth (TTM) | +0.3% | +5.0% | 7th lowest of 20 |
| Operating margin | 2.8% | 5.9% | 9th lowest of 21 |
| Forward P/E | 12.0× | 11.7× | 9th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 2.7% | 4.7% | 4th least demanding of 12 |
| Growth delivered (Del g) | +11.1% | +9.0% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -8.3 pp | -3.3 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | -3.3 pp | -1.2 pp | 7th lowest of 20 |
| EV / EBITDA | 3.3× | 8.4× | cheapest of 12 |
| Net debt / EBITDA | -1.4× | 1.7× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | n/a | n/a | n/a |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| Seres 9927.HK | Hong Kong | $11.4B | -54% | -2% | -4% | 90.9× | n/a | n/a |
| Great Wall Motor 601633.SS | China | $15.0B | -29% | +8% | 2% | 15.1× | -7.1% | +16.4% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | n/a | n/a | n/a |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 28.5× | n/a | n/a |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 4.9× | 3.4% | +5.9% |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 8.8× | n/a | n/a |
| Tata Motors TMCV.NS | India | $16.6B | -2% | n/a | 9% | 20.7× | 17.8% | n/a |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 33.4× | 9.4% | +2.4% |
| Stellantis STLAP.PA | France | $17.0B | -40% | -2% | -14% | 8.2× | n/a | n/a |
| Chery Automobile 9973.HK | Hong Kong | $17.8B | -22% | +11% | 5% | 5.8× | n/a | n/a |
| SAIC Motor 600104.SS | China | $17.8B | -24% | -3% | 2% | 11.9× | -14.7% | -2.4% |
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 11.2× | 4.7% | +8.7% |
| Traton 8TRA.DE | Germany | $18.9B | +2% | +1% | 6% | 6.1× | n/a | n/a |