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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	814,931	670,256	383,949	466,235	241,976	285,254
Market Cap Growth	102.28%	74.57%	-17.65%	92.68%	-15.17%	11.73%
Enterprise Value	716,884	579,249	316,745	397,658	175,962	235,893
Last Close Price	19405.00	15960.00	8879.72	10412.05	5256.67	5946.26
PE Ratio	22.07	18.07	11.43	11.57	7.10	13.39
Forward PE	19.15	16.78	10.31	13.78	9.48	13.32
PS Ratio	2.45	2.01	1.21	1.61	0.90	1.27
PB Ratio	2.34	1.92	1.22	1.64	1.00	1.40
P/TBV Ratio	2.38	1.96	1.24	1.67	1.02	1.43
P/FCF Ratio	28.00	23.03	17.31	59.75	10.84	12.36
P/OCF Ratio	14.99	12.33	9.52	28.00	7.12	8.09
PEG Ratio	1.93	1.70	1.75	1.74	1.26	1.78
EV/Sales Ratio	2.15	1.74	1.00	1.37	0.65	1.05
EV/EBITDA Ratio	10.73	8.67	5.16	6.64	3.08	5.55
EV/EBIT Ratio	13.53	10.93	6.55	8.41	3.84	7.36
EV/FCF Ratio	24.63	19.90	14.28	50.96	7.88	10.22
Debt / Equity Ratio	0.19	0.19	0.21	0.21	0.28	0.39
Debt / EBITDA Ratio	1.00	1.00	1.05	1.01	1.18	1.89
Debt / FCF Ratio	2.28	2.28	2.90	7.74	3.01	3.48
Net Debt / Equity Ratio	-0.28	-0.28	-0.26	-0.26	-0.31	-0.28
Net Debt / EBITDA Ratio	-1.47	-1.47	-1.33	-1.24	-1.30	-1.34
Net Debt / FCF Ratio	-3.37	-3.37	-3.69	-9.53	-3.32	-2.46
Asset Turnover	0.67	0.67	0.68	0.67	0.69	0.64
Inventory Turnover	1.94	1.94	1.83	1.87	2.39	2.56
Quick Ratio	2.08	2.08	2.26	2.03	1.87	1.92
Current Ratio	2.99	2.99	3.36	3.15	2.64	2.53
Return on Equity (ROE)	-	-	11.23%	15.37%	15.30%	11.12%
Return on Assets (ROA)	-	-	6.49%	6.83%	7.27%	5.73%
Return on Invested Capital (ROIC)	15.93%	15.93%	15.05%	18.88%	21.02%	15.77%
Return on Capital Employed (ROCE)	13.20%	13.20%	12.70%	13.60%	15.10%	11.90%
Earnings Yield	4.55%	5.53%	8.75%	8.64%	14.08%	7.47%
FCF Yield	3.57%	4.34%	5.78%	1.67%	9.23%	8.09%
Dividend Yield	2.41%	1.82%	2.76%	2.79%	4.66%	2.52%
Payout Ratio	51.18%	30.53%	36.40%	27.23%	20.42%	21.76%
Buyback Yield / Dilution	0.12%	0.12%	0.57%	-0.09%	-0.05%	-0.05%
Total Shareholder Return	2.53%	1.94%	3.33%	2.70%	4.61%	2.47%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.