NTT (9432.T)
Communications · TSE · Japan
Fundamentals
Valuation and ratings
NTT trades at ¥152.00, which is 21% above the ¥119.42 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 37 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 11.7 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About NTT
NTT, Inc. operates as a telecommunications company in Japan and internationally. The company operates through the Comprehensive ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. Its Comprehensive ICT Business segment offers mobile phone and fiber-optic broadband services; financial, content, and lifestyle services; and corporate communication services and solutions. This segment also engages in engineering, system development, and related businesses. The Regional Communications Business segment provides optical fiber services, corporate services, fixed-line telephone services, and related businesses. Its Global Solutions Business segment offers consulting, IT solutions, system and software development, and maintenance services. This segment is involved in port operations, data center operations, and related businesses. Its Others segment engages in real estate and construction, energy, and other businesses. The company was formerly known as Nippon Telegraph and Telephone Corporation and changed its name to NTT, Inc. in July 2025. NTT, Inc. was founded in 1952 and is headquartered in Chiyoda, Japan.
9432.T passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is NTT (9432.T) undervalued?
Against our discounted cash flow estimate of ¥119.42, 9432.T at ¥152.00 is 21% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is 9432.T's P/E ratio?
9432.T trades at 11.7 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.