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	May '26 May 22, 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	1,072,575	670,256	383,949	466,235	241,976	285,254
Market Cap Growth	170.52%	74.57%	-17.65%	92.68%	-15.17%	11.73%
Enterprise Value	982,661	579,249	316,745	397,658	175,962	235,893
Last Close Price	25540.00	15960.00	8879.72	10412.05	5256.67	5946.26
PE Ratio	28.63	18.07	11.43	11.57	7.10	13.39
Forward PE	22.28	16.78	10.31	13.78	9.48	13.32
PS Ratio	3.10	2.01	1.21	1.61	0.90	1.27
PB Ratio	3.11	1.92	1.22	1.64	1.00	1.40
P/TBV Ratio	3.17	1.96	1.24	1.67	1.02	1.43
P/FCF Ratio	-	23.03	17.31	59.75	10.84	12.36
P/OCF Ratio	-	12.33	9.52	28.00	7.12	8.09
PEG Ratio	2.25	1.70	1.75	1.74	1.26	1.78
EV/Sales Ratio	2.84	1.74	1.00	1.37	0.65	1.05
EV/EBITDA Ratio	14.50	8.66	5.16	6.64	3.08	5.55
EV/EBIT Ratio	18.28	10.92	6.55	8.41	3.84	7.36
EV/FCF Ratio	-	19.90	14.28	50.96	7.88	10.22
Debt / Equity Ratio	0.18	0.19	0.21	0.21	0.28	0.39
Debt / EBITDA Ratio	0.93	0.99	1.05	1.01	1.18	1.89
Debt / FCF Ratio	-	2.28	2.90	7.74	3.01	3.48
Net Debt / Equity Ratio	-0.26	-0.28	-0.26	-0.26	-0.31	-0.28
Net Debt / EBITDA Ratio	-1.33	-1.47	-1.33	-1.24	-1.30	-1.34
Net Debt / FCF Ratio	-	-3.37	-3.69	-9.53	-3.32	-2.46
Asset Turnover	0.70	0.67	0.68	0.67	0.69	0.64
Inventory Turnover	2.01	1.94	1.83	1.87	2.39	2.56
Quick Ratio	2.00	2.08	2.26	2.03	1.87	1.92
Current Ratio	2.94	2.99	3.36	3.15	2.64	2.53
Return on Equity (ROE)	11.58%	11.19%	11.23%	15.37%	15.30%	11.12%
Return on Assets (ROA)	6.84%	6.63%	6.49%	6.83%	7.27%	5.73%
Return on Invested Capital (ROIC)	15.33%	15.95%	15.05%	18.88%	21.02%	15.77%
Return on Capital Employed (ROCE)	13.60%	13.30%	12.70%	13.60%	15.10%	11.90%
Earnings Yield	3.51%	5.53%	8.75%	8.64%	14.08%	7.47%
FCF Yield	-	4.34%	5.78%	1.67%	9.23%	8.09%
Dividend Yield	1.87%	1.82%	2.76%	2.79%	4.66%	2.52%
Payout Ratio	-	30.53%	36.40%	27.23%	20.42%	21.76%
Buyback Yield / Dilution	-0.57%	0.12%	0.57%	-0.09%	-0.05%	-0.05%
Total Shareholder Return	1.33%	1.94%	3.33%	2.70%	4.61%	2.47%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.