Ricoh Company stock closed at ¥1,507.5 after a choppy few weeks, with the price slipping about 5.4% over the past seven days yet still sitting well up over three months. The market is wrestling with one key message from this earnings print. Ricoh delivered Q4 2026 revenue of ¥726,004m with basic earnings per share of ¥15.5, while trailing net margin sits at 2.1%. The tension today is between a stock that screens as inexpensive on a 15.3x P/E and an earnings profile that still looks controlled rather than explosive.
Is Ricoh Company trading at a genuine 36% discount to fair value, or does the low 15.3x P/E hint at risks the market is quietly pricing in? Compare the current share price to the assumptions behind our valuation analysis for Ricoh Company
Q1 2027 Earnings Summary
- Revenue (Q4 2026 vs. Q4 2025): ¥726,004 million vs. ¥692,472 million (change reflects a higher quarterly revenue base year on year)
- Net Income (Excl. Extra Items, Q4 2026 vs. Q4 2025): ¥8,825 million vs. ¥17,855 million (declined year on year)
- Basic EPS (Q4 2026 vs. Q4 2025): ¥15.5 vs. ¥31.37 (declined year on year)
- Net Margin (Trailing vs. Prior Year): 2.1% vs. 1.8% (margin level is higher than a year earlier)
If you prefer clear charts instead of long earnings tables and raw figures, you can view Ricoh Company's full financial picture, including an at a glance overview of its valuation, in the company report for Ricoh Company.
Ricoh earnings and the cautious bull case
For investors leaning positive on Ricoh Company, the revenue line offers some support. Q4 2026 revenue of ¥726,004m sits above the prior year’s ¥692,472m, which fits a story of a broad, diversified business still attracting demand. The trailing net margin of 2.1%, compared with 1.8% a year earlier, also points to slightly firmer profitability. Combined with recent news on mailroom solutions, healthcare workflows and workplace services, the latest numbers are consistent with a view that Ricoh is gradually tilting more towards services and solutions.
Where the Ricoh bear story still bites
The bearish narrative around Ricoh Company finds support in the earnings quality. Net income excluding extra items in Q4 2026 fell to ¥8,825m from ¥17,855m, and basic EPS dropped to ¥15.5 from ¥31.37. That pullback in profit sits awkwardly next to the higher revenue base and suggests the business is still working hard to convert sales into durable earnings. With the share price down about 5.4% over seven days, the market reaction also appears consistent with investors giving more weight to the softer profit profile than to revenue resilience.
Access the analyst estimates for Ricoh Company to see where the consensus models start to disagree on Ricoh Company's revenue and earnings path, and whether analysts expect a more gradual trend or a more pronounced change over the next few years.
Strengthen Your Investing Edge
If Ricoh Company's mix of a 15.3x P/E with softer recent profit has your attention, register for free with Simply Wall St and add it to a Watchlist to track the share price against fair value and watch for a price that suits your plan. Once you take a position, use the Portfolio Command Center to cut through market noise and focus on the most important updates for your holdings. For a broader view on Ricoh Company and similar stocks, join the Community to see how other investors are thinking through the same data. By spotting potential catalysts and risks early, you can make faster decisions and stay ahead of the market.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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