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← CockpitCompetitor Analysis › 9517.T eREX Co., Ltd.Open in the cockpit ↗

eREX Co., Ltd.9517.TCompetitor analysis, valuation and peers

Japan · JPY·Utilities›Electric Utilities
Momentum weak 21
Mkt cap
$370M
US dollars, full cap
Free float
39%
of shares outstanding
$/day
$1.14M
20-day average traded
Fwd P/E
11.0×
forward earnings
ROIC−WACC
-1.4 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
4 days
10 Nov 2026
Close · JPY¥747
1D-5.6%
1W-1.2%
1M-5.2%
3M-10.4%
6M-26.0%
YTD+21.7%
1Y+4.8%
ATR %2.9%
52w lowhigh33.2% off high

What eREX does

Employees: 302

eREX at a glance

Size eREX (9517.T) is a Japan Utilities company (Electric Utilities) with a market value of $370M, the 1229th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥747 on 6 Nov 2026.

Performance Over six months the shares fell 26.0%, against -20.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 3.3% over the last twelve months (peer median +3.3%); the operating margin is 3.2% (peer median 4.8%).

Valuation It trades at 11.0× forward earnings against a peer median of 17.7× (4th cheapest of 10).

Capital Return on invested capital runs 1.4 points below its cost of capital (5.0% WACC).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026Peer median 769517.T 70
Six months, rebased to 100: eREX against the median of its 20 peers (local-currency closes).

eREX financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥181B¥169B¥171B¥245B¥296B
Revenue growth—-1%-30%-17%—
Gross profit¥19.3B¥18.8B¥19.9B-¥9.30B¥25.7B
EBITDA¥9.58B¥9.76B¥13.2B-¥14.8B¥20.7B
Net income¥6.32B¥5.33B¥2.12B-¥21.3B¥9.13B
Free cash flown/a-¥11.3B¥13.9B-¥25.4B¥20.7B
Capital expendituren/a¥13.8B¥6.40B¥3.07B¥1.37B
Total debt¥57.1B¥55.8B¥45.2B¥57.8B¥55.1B

Quarterly statements and history in the cockpit →

eREX 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%0%IPG9511RTNPOWER005090PACEDIGITK0028936007193003353691KGN688719PTC000692300982600969AC50182GNEHNRG6005059517.T6-month return →1-month return →
Up and to the right = strong over both horizons. eREX is the large dot.

Fundamentals: revenue growth against valuation

-60%-40%-20%0%+20%0×1,000×2,000×IPG9511005090PTC3009820182HNRG9517.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. eREX is the large dot.

eREX competitors and peer comparison

How eREX 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.

eREX against its 20 peers (data as of 6 Nov 2026)
Measure9517.TPeer medianRank in peer set
1-month return-5.2%-7.9%8th highest of 21
6-month return-26.0%-20.4%9th lowest of 21
Distance from 52-week high-33.2%-37.0%10th highest of 21
Revenue growth (TTM)+3.3%+3.3%11th highest of 21
Operating margin3.2%4.8%10th lowest of 21
Forward P/E11.0×17.7×4th cheapest of 10
ROIC minus cost of capital-1.4 pp-3.1 pp9th highest of 21
EV / EBITDA10.0×10.7×5th cheapest of 11
Net debt / EBITDA3.3×1.7×6th most indebted of 14

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
eREX 9517.TJapan$370M-26%+3%3%11.0×n/an/a
IPD IPG.AXAustralia$372M-18%+17%11%15.9×5.6%+28.5%
Okinawa Electric Power 9511.TJapan$366M+14%-3%-1%18.0×n/an/a
RattanIndia Power RTNPOWER.NSIndia$377M-35%-6%6%n/an/an/a
SGC Energy 005090.KSSouth Korea$363M-43%-4%6%17.7×n/an/a
Pace Digitek PACEDIGITK.NSIndia$361M-15%+8%16%n/an/an/a
Beijing Jingneng Thermal 002893.SZChina$387M-11%+15%8%n/a9.9%+7.0%
Dalian Thermal Power 600719.SSChina$387M-18%+2%8%n/an/an/a
Guangzhou Devotion Thermal Technology 300335.SZChina$341M-26%-11%10%n/a4.9%-7.8%
Giga Solar Materials 3691.TWOTaiwan$403M0%+88%2%n/an/an/a
Zespol Elektrocieplowni Wroclawskich KOGENERACJA KGN.WAPoland$326M+4%+14%15%n/an/an/a
Xi'an Actionpower Electric 688719.SSChina$324M-32%+3%-5%49.6×n/an/a
PTC India PTC.NSIndia$437M-39%+13%4%9.6×-18.2%-1.4%
Shenyang Huitian Thermal Power 000692.SZChina$308M-23%+2%-7%n/an/an/a
Suwen Electric Energy Technology 300982.SZChina$448M-41%-55%-13%10.4×n/an/a
Hunan Chendian International Development 600969.SSChina$453M-18%+4%3%n/a0.2%+6.4%
Acinque AC5.MIItaly$460M-6%-11%3%n/a12.8%+9.3%
Concord New Energy 0182.HKHong Kong$296M-23%+4%30%5.8×8.5%+4.2%
Genie Energy GNEUnited States$466M+23%+10%3%18.3×-3.6%+7.1%
Hallador Energy HNRGUnited States$476M-46%+8%2%2,020.0×n/an/a
Sichuan Xichang Electric Power 600505.SSChina$520M-31%-10%7%n/a1.2%+9.5%

Questions

Which companies are eREX's closest peers?
The cockpit's peer set: IPD (IPG.AX), Okinawa Electric Power (9511.T), RattanIndia Power (RTNPOWER.NS), SGC Energy (005090.KS), Pace Digitek (PACEDIGITK.NS), Beijing Jingneng Thermal (002893.SZ), Dalian Thermal Power (600719.SS), Guangzhou Devotion Thermal Technology (300335.SZ).
Is eREX expensive compared with its peers?
On forward p/e it trades at 11.0× against a peer median of 17.7×, 4th cheapest of 10 in its peer set.
How has eREX stock performed?
Over six months to 6 Nov 2026 the shares returned -26.0% against -20.4% for the median peer; over one year +4.8%.

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.