PayPay Corporation (PAYP) is a publicly traded company in the Technology — Software - Infrastructure industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
PayPay Corporation is a leading Japanese financial technology firm that delivers a comprehensive digital finance platform. This platform offers a wide array of user-friendly payment solutions and various other financial services across Japan. The company's operations are strategically divided into two main segments: Payment and Financial Services.
Is PayPay Corporation stock overvalued or undervalued in 2026?
As of October 4, 2026, PayPay Corporation (PAYP) trades at 13.0× earnings (P/E), against a median of 36.1× across the 291 technology companies above $2bn in Kaplio's universe. Note: earnings per share over the last twelve months ($1.15) are far from the consensus for 2027 ($0.01), so the current P/E is not representative: this range uses expected earnings. No valuation verdict: its last-twelve-month earnings are inflated by a one-off, so its P/E looks lower than it is.
Kaplio overview: PayPay Corporation
Market cap $10B · 52 weeks $12 – $25 (38 % below the high) · P/E 13.0× · 2027 expected P/E 2,852× · Dividend none · Price as of Oct 4 · accounts published Jul 31.
- Valuation: P/E 13.0× (no verdict).
- Business: ROIC 2 % (weak).
- Balance sheet: Net debt/EBITDA 1.9× (fragile).
What would it be worth at its usual multiples?
No valuation verdict: its last-twelve-month earnings are inflated by a one-off, so its P/E looks lower than it is.
Note: earnings per share over the last twelve months ($1.15) are far from the consensus for 2027 ($0.01), so the current P/E is not representative: this range uses expected earnings.
What matters in technology: 5 of 8 pass
- Gross margin 50.6 %, fails.
- ROIC 2.1 %, fails.
- Net debt / EBITDA 1.9×, fails.
- 3y revenue growth 26.4 %, passes.
- Rule of 40 (SaaS only) 98, passes.
- FCF / Revenue 71.2 %, passes.
- SBC / Revenue 0.0 %, passes.
- EV/EBITDA vs own 5y 14.8×, passes.
Against its peers (same industry, similar size) — PayPay Corporation: P/E 13.0×; EV/EBITDA 14.8×; ROIC 2.1 %; $10.1B. Dropbox, Inc. (P/E 18.6×; EV/EBITDA 13.5×; ROIC 28.6 %; $8.6B), GoDaddy Inc. (P/E 14.4×; EV/EBITDA 11.1×; ROIC 20.6 %; $12.9B), Check Point Software Technologies Ltd. (P/E 13.1×; EV/EBITDA 14.9×; ROIC 13.9 %; $13.1B).
Dividend
tight · Yield 0.00 % ($0.00 per ADS in 2025) · Years raising it 2 · Free cash flow coverage 565×.
Profitability
| Return on Equity | 36.22% |
| Return on Invested Capital | 2.15% |
| Return on Assets | 2.24% |
| Gross Margin | 79.04% |
| Operating Margin | 23.90% |
| Net Margin | 31.13% |
Financial Health
| Debt / Equity | 1.85 |
| Current Ratio | 2.89 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 1.06 |
Price Performance
| 1 month | -10.45% |
| 3 months | +2.42% |
Explore sector: Technology · Software - Infrastructure
More sections of PAYP: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Investment Academy — learn to analyze stocks