Nikko Co (TSE:6306) EV-to-EBIT: 10.52 (As of Sep. 02, 2026) — 77% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:6306 Nikko Co Ltd TSE:6306
87 GF Score
Price 円1,021.00
GF Value 円853.21
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Nikko Co EV-to-EBIT?

Nikko Co TSE:6306 +0.10% 87 EV-to-EBIT is 10.52 as of Sep. 02, 2026, which is 77% above its 10-year median of 5.94. GuruFocus rates TSE:6306 with a GF Score™ of 87/100 and a GF Value™ of 円853.21 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 175 Farm & Heavy Construction Machinery companies, Nikko Co ranks better than 62.86% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Nikko Co's Enterprise Value is 円35,874 Mil. Nikko Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,409 Mil. Therefore, Nikko Co's EV-to-EBIT for today is 10.52.

The historical rank and industry rank for Nikko Co's EV-to-EBIT or its related term are showing as below:

TSE:6306' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.68   Med: 5.94   Max: 14.63
Current: 10.52

During the past 13 years, the highest EV-to-EBIT of Nikko Co was 14.63. The lowest was 1.68. And the median was 5.94.

TSE:6306's EV-to-EBIT is ranked better than
62.86% of 175 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 13.45 vs TSE:6306: 10.52

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Nikko Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円26,587 Mil. Nikko Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,409 Mil. Nikko Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.82%.


Nikko Co  (TSE:6306) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Nikko Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=3409/26587.3
=12.82 %

Nikko Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円26,587 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nikko Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,409 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nikko Co EV-to-EBIT Related Terms


Nikko Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Nikko Co's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nikko Co EV-to-EBIT Chart

Nikko Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.52 11.11 10.44 6.86 7.80

Nikko Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.44 12.39 6.86 0.00 7.80

TSE:6306 vs CAT, DE, PCAR: EV-to-EBIT Comparison

For the Farm & Heavy Construction Machinery subindustry, Nikko Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nikko Co EV-to-EBIT vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikko Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nikko Co's EV-to-EBIT falls into.


TSE:6306
87GF Score
Nikko Co Ltd TSE:6306
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikko Co EV-to-EBIT Calculation

Nikko Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=35874.208/3409
=10.52

Nikko Co's current Enterprise Value is 円35,874 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nikko Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,409 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 10.52 mean?
Nikko Co (TSE:6306) has a EV-to-EBIT of 10.52 as of Sep. 02, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Nikko Co and its competitors. This is 77% above median its historical median of 5.94. Over the past decade, Nikko Co's EV-to-EBIT has ranged from 1.68 to 14.63. According to the industry distribution chart, Nikko Co ranks #65 out of 175 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 37.1%.
Is Nikko Co's EV-to-EBIT too high?
Nikko Co's current EV-to-EBIT of 10.52 is 77% above median its 10-year median of 5.94. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 14.63. The Farm & Heavy Construction Machinery industry median EV-to-EBIT is 13.45. Nikko Co's value of 10.52 is 21.8% below this industry median. Based on the distribution chart, Nikko Co ranks #65 out of 175 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Nikko Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikko Co's EV-to-EBIT compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Nikko Co ranks #65 out of 175 companies for EV-to-EBIT. This puts Nikko Co in the upper half of its industry. The industry median EV-to-EBIT is 13.45. Nikko Co's value of 10.52 is 21.8% below this benchmark. Historically, Nikko Co's own EV-to-EBIT has ranged from 1.68 to 14.63 over the past decade. While the company's 10-year median is 5.94 vs. the industry median of 13.45, Nikko Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Farm & Heavy Construction Machinery company?
The median EV-to-EBIT among Farm & Heavy Construction Machinery companies is 13.45, based on 175 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nikko Co's current EV-to-EBIT of 10.52 is 21.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Nikko Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median EV-to-EBIT is 13.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikko Co's current EV-to-EBIT is 10.52, which is 77% above median its own 10-year median of 5.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikko Co stock overvalued right now?
Based on GuruFocus' analysis, Nikko Co (TSE:6306) is currently considered Modestly Overvalued. The stock's GF Value™ is 円853.21, compared to a current price of 円1,021.00 — trading 19.7% above its estimated fair value. The current EV-to-EBIT is 10.52, which is 77% above median its 10-year median of 5.94 and 21.8% below the Farm & Heavy Construction Machinery industry median of 13.45. Nikko Co's overall GF Score™ is 87/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Nikko Co (TSE:6306), the current EV-to-EBIT is 10.52 as of Sep. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nikko Co (TSE:6306) Overvalued in 2026?

Based on GuruFocus' analysis, Nikko Co stock appears to be overvalued. The current stock price of 円1,021.00 is trading 19.7% above its estimated GF Value™ of 円853.21. GuruFocus considers Nikko Co to be Modestly Overvalued.

Key valuation signals for TSE:6306:

  • EV-to-EBIT: 10.52 (77% above median its 10-year median of 5.94)
  • GF Value™: 円853.21 vs. price of 円1,021.00 (19.7% above fair value)
  • GF Score™: 87/100 with 9 warning signs
  • Industry Position: 21.8% below the Farm & Heavy Construction Machinery median (#65 of 175)

No single metric tells the full story. See the TSE:6306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikko Co Business Description

Address 1013 Eijima, Okubo-cho, Hyogo, Akashi, JPN, 674-8585
Nikko Co Ltd manufactures and sells asphalt and concrete equipment in Japan. The products of the company are used in the construction industry.
87GF Score

Get the complete analysis for TSE:6306

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,021.00
Price
円853.21
GF Value