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Horiba Ltd
TSE:6856

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Horiba Ltd
TSE:6856
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Price: 21 150 JPY 0.79% Market Closed
Market Cap: ¥893.2B

EV/EBIT

14.7
Current
109%
More Expensive
vs 3-y average of 7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
14.7
=
Enterprise Value
¥766B
/
EBIT
¥53B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
14.7
=
Enterprise Value
¥766B
/
EBIT
¥53B

Valuation Scenarios

Horiba Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (7), the stock would be worth ¥10 104.54 (52% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-53%
Maximum Upside
No Upside Scenarios
Average Downside
29%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 14.7 ¥21 150
0%
3-Year Average 7 ¥10 104.54
-52%
5-Year Average 6.8 ¥9 870.71
-53%
Industry Average 14.2 ¥20 528.01
-3%
Country Average 13.6 ¥19 667.91
-7%

Forward EV/EBIT
Today’s price vs future ebit

Not enough data available to calculate forward EV/EBIT

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
JP
Horiba Ltd
TSE:6856
888.2B JPY 14.7 23.9
JP
Keyence Corp
TSE:6861
15.3T JPY 24.6 36.6
US
Keysight Technologies Inc
NYSE:KEYS
58.3B USD 64.7 60.6
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
309.1B CNY 15.2 20.7
TW
Chroma ATE Inc
TWSE:2360
857.8B TWD 92.8 73.4
SE
Hexagon AB
STO:HEXA B
273.7B SEK 20.1 41.1
US
Teledyne Technologies Inc
NYSE:TDY
29.7B USD 27.3 33.2
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
192.9B CNY 2 350.2 1 890.2
UK
Halma PLC
LSE:HLMA
16.9B GBP 35.8 48.6
CN
Huagong Tech Co Ltd
SZSE:000988
116.9B CNY 75.4 79.5
US
Trimble Inc
NASDAQ:TRMB
16.3B USD 28 38.3

Market Distribution

In line with most companies in Japan
Percentile
55th
Based on 4 801 companies
55th percentile
14.7
Low
0.1 — 9.8
Typical Range
9.8 — 18.1
High
18.1 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 9.8
Median 13.6
70th Percentile 18.1
Max 414 821 439

Horiba Ltd
Glance View

Market Cap
893.2B JPY
Industry
Electrical Equipment

Horiba Ltd. is a fascinating narrative of precision and adaptation within the manufacturing sector. Established in 1945, the company started its journey in Japan, initially focusing on glass electrode pH meters. With a keen eye on innovation and an uncanny ability to diversify, Horiba evolved beyond its humble beginnings into a global powerhouse in measuring instruments and systems. Known for its quality and precision, Horiba serves an array of industries with solutions that address scientific and analytical challenges. The company's expansive portfolio includes products tailored for automotive testing, environmental monitoring, medical diagnostics, and semiconductor manufacturing. Each segment contributes to its revenue stream, cementing Horiba's reputation for reliability and competence. Horiba's wealth of expertise in analytical technologies enables it to create niche products that significantly impact critical sectors. For instance, in the automotive sector, Horiba's emission measurement systems are instrumental in helping manufacturers adhere to stringent environmental regulations, generating significant business as industries strive for compliance. In medical diagnostics, its hematology analyzers equip hospitals and laboratories with tools crucial for patient care. Semiconductor manufacturers rely on Horiba's precision equipment to ensure quality and efficiency in their processes, especially as the demand for advanced technology grows. Through its strategic focus on high-quality, specialized products, Horiba Ltd. has successfully carved out lucrative niches in the global market, illustrating the power of innovation and specialization.

Intrinsic Value
13 953.98 JPY
Overvaluation 34%
Intrinsic Value
Price ¥21 150
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