HORIBA Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 12, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	851,679	383,949	466,235	241,976	285,254	255,294
Market Cap Growth	124.10%	-17.65%	92.68%	-15.17%	11.73%	-17.42%
Enterprise Value	760,672	316,745	397,658	175,962	235,893	219,903
Last Close Price	20280.00	8968.82	10516.53	5309.41	6005.93	5259.79
PE Ratio	22.65	11.43	11.57	7.10	13.39	19.36
Forward PE	20.68	10.31	13.78	9.48	13.32	17.28
PS Ratio	2.57	1.21	1.61	0.90	1.27	1.37
PB Ratio	2.63	1.22	1.64	1.00	1.40	1.43
P/TBV Ratio	2.69	1.24	1.67	1.02	1.43	1.47
P/FCF Ratio	-	17.31	59.75	10.84	12.36	14.48
P/OCF Ratio	-	9.52	28.00	7.12	8.09	7.92
PEG Ratio	2.09	1.75	1.74	1.26	1.78	1.50
EV/Sales Ratio	2.29	1.00	1.37	0.65	1.05	1.18
EV/EBITDA Ratio	11.64	5.16	6.64	3.08	5.55	7.50
EV/EBIT Ratio	14.64	6.55	8.41	3.84	7.36	11.17
EV/FCF Ratio	-	14.28	50.96	7.88	10.22	12.47
Debt / Equity Ratio	0.20	0.21	0.21	0.28	0.39	0.43
Debt / EBITDA Ratio	-	1.05	1.01	1.18	1.89	2.63
Debt / FCF Ratio	-	2.90	7.74	3.01	3.48	4.37
Net Debt / Equity Ratio	-0.28	-0.26	-0.26	-0.31	-0.28	-0.22
Net Debt / EBITDA Ratio	-1.39	-1.33	-1.24	-1.30	-1.34	-1.34
Net Debt / FCF Ratio	-	-3.69	-9.53	-3.32	-2.46	-2.24
Asset Turnover	-	0.68	0.67	0.69	0.64	0.58
Inventory Turnover	-	1.83	1.87	2.39	2.56	2.19
Quick Ratio	2.25	2.26	2.03	1.87	1.92	2.29
Current Ratio	3.40	3.36	3.15	2.64	2.53	3.08
Return on Equity (ROE)	-	11.23%	15.37%	15.30%	11.12%	7.53%
Return on Assets (ROA)	-	6.49%	6.83%	7.27%	5.73%	3.83%
Return on Invested Capital (ROIC)	22.71%	15.05%	18.88%	21.02%	15.77%	9.77%
Return on Capital Employed (ROCE)	13.30%	12.70%	13.60%	15.10%	11.90%	7.70%
Earnings Yield	4.44%	8.75%	8.64%	14.08%	7.47%	5.17%
FCF Yield	-	5.78%	1.67%	9.23%	8.09%	6.91%
Dividend Yield	1.45%	2.73%	2.76%	4.61%	2.50%	1.71%
Payout Ratio	-	36.40%	27.23%	20.42%	21.76%	35.16%
Buyback Yield / Dilution	0.77%	0.57%	-0.09%	-0.05%	-0.05%	-0.07%
Total Shareholder Return	2.22%	3.30%	2.67%	4.56%	2.45%	1.64%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.