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	Apr '26 Apr 14, 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	897,032	670,256	383,949	466,235	241,976	285,254
Market Cap Growth	109.12%	74.57%	-17.65%	92.68%	-15.17%	11.73%
Enterprise Value	798,985	579,249	316,745	397,658	175,962	235,893
Last Close Price	21360.00	15960.00	8879.72	10412.05	5256.67	5946.26
PE Ratio	24.29	18.07	11.43	11.57	7.10	13.39
Forward PE	20.93	16.78	10.31	13.78	9.48	13.32
PS Ratio	2.69	2.01	1.21	1.61	0.90	1.27
PB Ratio	2.57	1.92	1.22	1.64	1.00	1.40
P/TBV Ratio	2.62	1.96	1.24	1.67	1.02	1.43
P/FCF Ratio	30.82	23.03	17.31	59.75	10.84	12.36
P/OCF Ratio	16.49	12.33	9.52	28.00	7.12	8.09
PEG Ratio	2.11	1.70	1.75	1.74	1.26	1.78
EV/Sales Ratio	2.40	1.74	1.00	1.37	0.65	1.05
EV/EBITDA Ratio	11.95	8.66	5.16	6.64	3.08	5.55
EV/EBIT Ratio	15.06	10.92	6.55	8.41	3.84	7.36
EV/FCF Ratio	27.45	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	0.99	0.99	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)	11.19%	11.19%	11.23%	15.37%	15.30%	11.12%
Return on Assets (ROA)	6.63%	6.63%	6.49%	6.83%	7.27%	5.73%
Return on Invested Capital (ROIC)	15.94%	15.95%	15.05%	18.88%	21.02%	15.77%
Return on Capital Employed (ROCE)	13.30%	13.30%	12.70%	13.60%	15.10%	11.90%
Earnings Yield	4.13%	5.53%	8.75%	8.64%	14.08%	7.47%
FCF Yield	3.24%	4.34%	5.78%	1.67%	9.23%	8.09%
Dividend Yield	2.31%	1.82%	2.76%	2.79%	4.66%	2.52%
Payout Ratio	30.53%	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	2.47%	1.94%	3.33%	2.70%	4.61%	2.47%

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