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HoribaTSE:6856 +0.36%84 EV-to-EBITDA is 12.56 as of Sep. 06, 2026, which is 32% above its 10-year median of 9.51. GuruFocus rates TSE:6856 with a GF Score™ of 84/100 and a GF Value™ of 円12,037.68 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,904 Hardware companies, Horiba ranks better than 53.83% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Horiba's enterprise value is 円839,573 Mil.
Horiba's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was 円66,822 Mil. Therefore, Horiba's EV-to-EBITDA for today is 12.56.
The historical rank and industry rank for Horiba's EV-to-EBITDA or its related term are showing as below:
TSE:6856'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.5 Med: 9.51 Max: 21.62
Current: 12.56
During the past 13 years, the highest EV-to-EBITDA of Horiba was 21.62. The lowest was 3.50. And the median was 9.51.
TSE:6856's EV-to-EBITDA is ranked better than 53.83% of 1904
companies
in the Hardware industry
Industry Median: 13.805
vs TSE:6856: 12.56
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-09-06), Horiba's stock price is 円22550.00.
Horiba's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was 円892.985. Therefore, Horiba's PE Ratio (TTM) for today is 25.25.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Horiba's share price for today is 円22550.00.
Horiba's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円892.985.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Horiba's EV-to-EBITDA 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.
TSE:6856 vs GRMN, COHR, KEYS: EV-to-EBITDA Comparison
For the Scientific & Technical Instruments subindustry, Horiba's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Horiba EV-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Horiba's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Horiba's EV-to-EBITDA falls into.
Horiba's current Enterprise Value is 円839,573 Mil.
Horiba's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円66,822 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.
Horiba (TSE:6856) has a EV-to-EBITDA of 12.56 as of Sep. 06, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Horiba. This is 32% above median its historical median of 9.51. Over the past decade, Horiba's EV-to-EBITDA has ranged from 3.50 to 21.62. According to the industry distribution chart, Horiba ranks #879 out of 1904 companies in the Hardware industry, placing it in the top 46.2%.
Is Horiba's EV-to-EBITDA too high?
Horiba's current EV-to-EBITDA of 12.56 is 32% above median its 10-year median of 9.51. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 21.62. The Hardware industry median EV-to-EBITDA is 13.81. Horiba's value of 12.56 is 9% below this industry median. Based on the distribution chart, Horiba ranks #879 out of 1904 companies in the Hardware industry, which is above the industry midpoint. Overall, Horiba has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horiba's EV-to-EBITDA compare to GRMN and COHR?
According to the Hardware industry distribution chart, Horiba ranks #879 out of 1904 companies for EV-to-EBITDA. This puts Horiba in the upper half of its industry. The industry median EV-to-EBITDA is 13.81. Horiba's value of 12.56 is 9% below this benchmark. Historically, Horiba's own EV-to-EBITDA has ranged from 3.50 to 21.62 over the past decade. While the company's 10-year median is 9.51 vs. the industry median of 13.81, Horiba 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-EBITDA for a Hardware company?
The median EV-to-EBITDA among Hardware companies is 13.81, based on 1,904 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horiba's current EV-to-EBITDA of 12.56 is 9% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Horiba. For the Hardware industry, the median EV-to-EBITDA is 13.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horiba's current EV-to-EBITDA is 12.56, which is 32% above median its own 10-year median of 9.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horiba stock overvalued right now?
Based on GuruFocus' analysis, Horiba (TSE:6856) is currently considered Significantly Overvalued. The stock's GF Value™ is 円12,037.68, compared to a current price of 円22,550.00 — trading 87.3% above its estimated fair value. The current EV-to-EBITDA is 12.56, which is 32% above median its 10-year median of 9.51 and 9% below the Hardware industry median of 13.81. Horiba's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Horiba (TSE:6856), the current EV-to-EBITDA is 12.56 as of Sep. 06, 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 Horiba (TSE:6856) Overvalued in 2026?
Based on GuruFocus' analysis, Horiba stock appears to be overvalued.
The current stock price of 円22,550.00 is trading 87.3% above its estimated GF Value™ of 円12,037.68.
GuruFocus considers Horiba to be Significantly Overvalued.
Key valuation signals for TSE:6856:
EV-to-EBITDA: 12.56 (32% above median its 10-year median of 9.51)
GF Value™: 円12,037.68 vs. price of 円22,550.00 (87.3% above fair value)
Industry Position: 9% below the Hardware median (#879 of 1904)
No single metric tells the full story. See the TSE:6856 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horiba Ltd provides analytical and measurement equipment. The company operates through five segments. The Automobile segment offers automotive validation, verification technologies, and consulting services. The Environment/Accounting Process segment provides measurement technologies for air, water, and soil quality to support environmental conservation. The Medical segment develops and distributes in vitro diagnostic systems, mainly in the field of hematology. The Science segment delivers high-performance scientific instruments and analytical solutions. The Semiconductor segment specializes in fluid control, measurement, and analysis technologies for researchers, developers, and manufacturers across regions.
84GF Score
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