Subscribe

HORIBA, Ltd. (6856.T)

JPY27,175.00 -300.00 (-1.09%)
JP JPX Industrials Industrial - Machinery
Address 2 Miyanohigashi 601-8510
Kyoto, JP
CEO Atsushi Horiba
Website horiba.com
IPO 2001-01-01
ISIN JP3853000002

Explore sections of this company profile

Also trades on Other OTC · HRIBF (USD) Tokyo Stock Exchange · 6856.T (JPY)
Description

HORIBA, Ltd. is a company that designs, produces, and supplies a diverse array of instruments and systems for various sectors. Its operations are structured across five key segments: Automotive, Process & Environmental, Medical-Diagnostic, Semiconductor, and Scientific. Within the Automotive segment, HORIBA provides sophisticated equipment such as automotive emission analyzers, complete emission measurement solutions, drive line test systems, and engine, fuel cell, and battery testing apparatus. This division also develops test systems for components like engines, chassis, powertrains, brakes, and catalysts, in addition to offering vehicle development and testing engineering services, and managing R&D facilities. The Process & Environmental segment specializes in equipment including stack gas analyzers, industrial water quality analysis and examination systems, air pollution analyzers, environmental radiation meters, and other process measurement tools. For the Medical-Diagnostic field, the company offers a range of analyzers covering hematology, CRP, immunology, clinical chemistry, and blood glucose. The Semiconductor Instruments & Systems division focuses on products vital for chip manufacturing, such as mass flow controllers, chemical concentration monitors, reticle/mask particle detection systems, residual gas analyzers, and vaporizers. Finally, the Scientific segment delivers advanced scientific instrumentation, including Raman spectrometers, pH meters, particle-size distribution analyzers, X-Ray fluorescence analyzers, elemental analyzers, fluorescence spectroscopy/fluorescence lifetime spectroscopy tools, optical components, various spectrometers and detectors, and gratings. Established in 1945, HORIBA, Ltd. is headquartered in Kyoto, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
JPY27,175.00 -300.00 (-1.09%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
188.3K
Beta
1.12
Float Shares
35.69M
Free Float %
85.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.17% +7.90% +24.93% +35.48% +78.26% +59.75% +159.24% +246.35% +273.64% +510.06% +2,950.29%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
27,175.00
DCF (Unlevered) 11,726.50 -56.8%
DCF (Levered) 13,808.42 -49.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 86% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.10
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +5.0% Q1'26: +17.6% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    +10.6% Q1'26: +6.6% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +12.9% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +15.9% Q1'26: +14.8% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +15.4% Q1'26: +13.3% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    -0.1% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    1.00× Q1'26: 0.97× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.08) × ERP
WACC = 94% × Ke + 6% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 11,718.30 Current price: 27,175.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
5 EPS Ana.
Dec 2027
7 Rev. Ana.
7 EPS Ana.
Dec 2028
6 Rev. Ana.
6 EPS Ana.
Dec 2029
5 Rev. Ana.
4 EPS Ana.
Revenue
171.92B
est: 175.46B (-2.0%)
170.09B
est: 169.73B (+0.2%)
195.40B
est: 189.72B (+3.0%)
210.57B
est: 207.12B (+1.7%)
200.24B
est: 204.55B (-2.1%)
187.08B
est: 188.59B (-0.8%)
224.31B
est: 218.92B (+2.5%)
270.13B
est: 256.52B (+5.3%)
290.56B
est: 302.17B (-3.8%)
317.37B
est: 315.89B (+0.5%)
333.08B
est: 332.81B (+0.1%)
361.25B
353.05B – 386.03B
+8.5% YoY
383.64B
355.58B – 409.99B
+6.2% YoY
402.27B
401.13B – 403.42B
+4.9% YoY
398.50B
379.13B – 425.85B
-0.9% YoY
EBITDA
26.25B
est: 34.20B (-23.2%)
25.32B
est: 33.08B (-23.5%)
34.37B
est: 36.98B (-7.1%)
36.08B
est: 40.37B (-10.6%)
29.71B
est: 39.87B (-25.5%)
29.31B
est: 36.76B (-20.3%)
42.49B
est: 42.67B (-0.4%)
57.19B
est: 50.00B (+14.4%)
59.90B
est: 61.17B (-2.1%)
61.40B
est: 63.95B (-4.0%)
66.80B
est: 67.37B (-0.9%)
73.13B
71.47B – 78.14B
+8.5% YoY
77.66B
71.98B – 83.00B
+6.2% YoY
81.43B
81.20B – 81.67B
+4.9% YoY
80.67B
76.75B – 86.21B
-0.9% YoY
EBIT
20.14B
est: 26.32B (-23.5%)
18.50B
est: 25.46B (-27.3%)
26.84B
est: 28.46B (-5.7%)
28.84B
est: 31.07B (-7.2%)
20.92B
est: 30.69B (-31.8%)
19.70B
est: 28.29B (-30.4%)
32.05B
est: 32.84B (-2.4%)
45.84B
est: 38.48B (+19.1%)
47.30B
est: 50.28B (-5.9%)
48.34B
est: 52.57B (-8.0%)
52.99B
est: 55.38B (-4.3%)
60.11B
58.75B – 64.24B
+8.5% YoY
63.84B
59.17B – 68.23B
+6.2% YoY
66.94B
66.75B – 67.13B
+4.9% YoY
66.31B
63.09B – 70.86B
-0.9% YoY
Net Income
13.28B
est: 12.67B (+4.8%)
12.96B
est: 11.43B (+13.4%)
16.28B
est: 15.54B (+4.8%)
22.31B
est: 19.93B (+12.0%)
15.48B
est: 15.86B (-2.4%)
13.19B
est: 11.80B (+11.8%)
21.31B
est: 19.99B (+6.6%)
34.07B
est: 27.94B (+21.9%)
40.30B
est: 34.44B (+17.0%)
33.59B
est: 36.30B (-7.5%)
37.09B
est: 37.09B (+0.0%)
45.68B
43.55B – 47.59B
+23.1% YoY
51.52B
44.24B – 60.82B
+12.8% YoY
56.22B
50.37B – 65.40B
+9.1% YoY
56.85B
53.26B – 61.92B
+1.1% YoY
SGA
39.59B
est: 38.45B (+3.0%)
38.32B
est: 37.20B (+3.0%)
42.55B
est: 41.58B (+2.3%)
45.92B
est: 45.39B (+1.2%)
45.45B
est: 44.83B (+1.4%)
41.14B
est: 41.33B (-0.5%)
44.47B
est: 47.98B (-7.3%)
52.25B
est: 56.22B (-7.1%)
59.65B
est: 65.49B (-8.9%)
65.53B
est: 68.46B (-4.3%)
93.32B
est: 72.13B (+29.4%)
78.29B
76.51B – 83.66B
+8.5% YoY
83.14B
77.06B – 88.85B
+6.2% YoY
87.18B
86.93B – 87.43B
+4.9% YoY
86.36B
82.16B – 92.29B
-0.9% YoY
EPS
315.22
est: 299.94 (+5.1%)
307.73
est: 270.62 (+13.7%)
386.27
est: 367.93 (+5.0%)
529.22
est: 471.83 (+12.2%)
367.07
est: 375.44 (-2.2%)
312.57
est: 279.31 (+11.9%)
505.04
est: 473.31 (+6.7%)
807.05
est: 668.82 (+20.7%)
953.71
est: 816.65 (+16.8%)
799.44
est: 813.50 (-1.7%)
883.49
est: 876.25 (+0.8%)
1,077.32
1,032.39 – 1,128.30
+22.9% YoY
1,218.69
1,048.85 – 1,441.89
+13.1% YoY
1,331.40
1,194.12 – 1,550.31
+9.2% YoY
1,347.70
1,262.53 – 1,467.95
+1.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B+ 3/5 3/5 4/5 4/5 2/5 3/5 3/5
2026-05-14 B+ 3/5 3/5 4/5 4/5 2/5 3/5 3/5
2026-05-13 A- 4/5 3/5 4/5 4/5 2/5 3/5 4/5
2026-05-12 A- 4/5 3/5 4/5 4/5 2/5 3/5 4/5
2026-05-11 A- 4/5 3/5 4/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-01 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-27 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-24 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-23 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-22 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-21 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-20 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-17 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-16 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-15 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
9.33B
OE per share TTM
220.54
Owner's Yield
0.87%
Maintenance CapEx ratio
31.18%
Maint CapEx / Avg PPE
36.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.92M
Shares Outstanding
42.00M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Atsushi Horiba Chairman & Group Chief Executive Officer 419M male
Juichi Saito Executive Vice Chairman & Group Chief Operating Officer 250M male
Masayuki Adachi President & Director 198M
Hideyuki Koishi Executive Corporate Officer 98M male
Takashi Nagano Senior Managing Executive Officer 98M male
George Gillespie Director 98M
Ken Mitera Senior Corporate Officer
Koji Koyama Senior MD, Group CFO, Head of Legal Affairs & Director male
Tadao Nakamura Corporate Officer male
Yasuo Yamashita Corporate Officer & GM of General Administration Division male
Hiroshi Koyama Managing Executive Officer and Chief of Financial & Legal Affairs
Hiroshi Nakamura Managing Executive Officer and GM of Technology Innovation Center & Development Division,
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits