TSE: 8704 - Traders Holdings Co.,Ltd.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = 88.73
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 88.73 * (1 + 9.16%) / (0.0458 * 2) = 88.73