Micware Co., Ltd. (MWC)
Consumer · NGM
Price as at 30 Sept 2026, 21:31 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Micware Co., Ltd. trades at $1.67, which is 89% below the $3.15 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 39 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 8.4 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 Micware Co., Ltd.
Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others. Its Software Defined Vehicles segment develops and sells software systems designed for SDV, including in-vehicle infotainment (IVI) system software and other mobility-enhancing software products. The Location-Based Services segment engages in the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers. Its Other segment comprises software development services for SDV, and business-to-consumer mobile app services unrelated to in-vehicle navigation. It engages in the development and sale of IVI systems that for automotive multimedia, navigation, human machine interface, telematics, and driver assistance. The company also specializes in the development of navigation software and location information-based smartphone applications. Micware Co., Ltd. was incorporated in 2003 and is headquartered in Kobe, Japan.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
MWC passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
MWC peers
The largest companies in the same industry (Auto Parts), then in the same sector.
- SMTOY Sumitomo Electric Industries, Ltd.
- AUR Aurora Innovation, Inc.
- ALV Autoliv, Inc.
- MBLY Mobileye Global Inc.
- LEA Lear Corporation
- LKQ LKQ Corporation
- GTX Garrett Motion Inc.
- DAN Dana Incorporated
Every consumer company we cover is on the Consumer hub.
Common questions
Is Micware Co., Ltd. (MWC) undervalued?
Against our fair value estimate of $3.15, MWC at $1.67 is 89% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
What is MWC's P/E ratio?
MWC trades at 8.4 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.
Where does SteadyShares get its MWC data?
Fundamentals for MWC come from company filings and exchange data, as listed on NGM; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 21:31 UTC and is delayed. Our data quality score for this company is 92/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for MWC, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
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.