NHNKY (Nihon Kohden) EV-to-FCF: 16.55 (As of Aug. 01, 2026) — 34% Below 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.

NHNKY Nihon Kohden Corp NHNKY
68 GF Score
Price $9.92
GF Value $13.75
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Nihon Kohden EV-to-FCF?

Nihon Kohden NHNKY -4.71% 68 EV-to-FCF is 16.55 as of Aug. 01, 2026, which is 34% below its 10-year median of 24.97. GuruFocus rates NHNKY with a GF Score™ of 68/100 and a GF Value™ of $13.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 416 Medical Devices & Instruments companies, Nihon Kohden ranks better than 67.07% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nihon Kohden's Enterprise Value is $1,456 Mil. Nihon Kohden's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $88 Mil. Therefore, Nihon Kohden's EV-to-FCF for today is 16.55.

The historical rank and industry rank for Nihon Kohden's EV-to-FCF or its related term are showing as below:

NHNKY' s EV-to-FCF Range Over the Past 10 Years
Min: -1236.02   Med: 24.97   Max: 177.04
Current: 16.55

During the past 13 years, the highest EV-to-FCF of Nihon Kohden was 177.04. The lowest was -1236.02. And the median was 24.97.

NHNKY's EV-to-FCF is ranked better than
67.07% of 416 companies
in the Medical Devices & Instruments industry
Industry Median: 23.71 vs NHNKY: 16.55

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.

As of today (2026-08-01), Nihon Kohden's stock price is $9.92. Nihon Kohden's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.577. Therefore, Nihon Kohden's PE Ratio (TTM) for today is 17.19.


Nihon Kohden  (OTCPK:NHNKY) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.

Nihon Kohden's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=9.92/0.577
=17.19

Nihon Kohden's share price for today is $9.92.
Nihon Kohden's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.577.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Nihon Kohden EV-to-FCF Related Terms


Nihon Kohden EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Nihon Kohden's EV-to-FCF 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.

Nihon Kohden EV-to-FCF Chart

Nihon Kohden Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.28 -23.96 26.30 47.30 16.02

Nihon Kohden Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF 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 47.30 20.45 21.04 23.28 16.02

NHNKY vs ABT, SYK, MDT: EV-to-FCF Comparison

For the Medical Devices subindustry, Nihon Kohden's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


Nihon Kohden EV-to-FCF vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nihon Kohden's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Nihon Kohden's EV-to-FCF falls into.


NHNKY
68GF Score
Nihon Kohden Corp NHNKY
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Kohden EV-to-FCF Calculation

Nihon Kohden's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1456.352/88.002
=16.55

Nihon Kohden's current Enterprise Value is $1,456 Mil.
Nihon Kohden's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $88 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-FCF →
What does a EV-to-FCF of 16.55 mean?
Nihon Kohden (NHNKY) has a EV-to-FCF of 16.55 as of Aug. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nihon Kohden and its competitors. This is 34% below median its historical median of 24.97. According to the industry distribution chart, Nihon Kohden ranks #137 out of 416 companies in the Medical Devices & Instruments industry, placing it in the top 32.9%.
Is Nihon Kohden's EV-to-FCF too high?
Nihon Kohden's current EV-to-FCF of 16.55 is 34% below median its 10-year median of 24.97. The Medical Devices & Instruments industry median EV-to-FCF is 23.71. Nihon Kohden's value of 16.55 is 30.2% below this industry median. Based on the distribution chart, Nihon Kohden ranks #137 out of 416 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Nihon Kohden has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Kohden's EV-to-FCF compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Nihon Kohden ranks #137 out of 416 companies for EV-to-FCF. This puts Nihon Kohden in the upper half of its industry. The industry median EV-to-FCF is 23.71. Nihon Kohden's value of 16.55 is 30.2% below this benchmark. While the company's 10-year median is 24.97 vs. the industry median of 23.71, Nihon Kohden 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-FCF for a Medical Devices & Instruments company?
The median EV-to-FCF among Medical Devices & Instruments companies is 23.71, based on 416 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nihon Kohden's current EV-to-FCF of 16.55 is 30.2% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nihon Kohden and its competitors. For the Medical Devices & Instruments industry, the median EV-to-FCF is 23.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Kohden's current EV-to-FCF is 16.55, which is 34% below median its own 10-year median of 24.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Kohden stock overvalued right now?
Based on GuruFocus' analysis, Nihon Kohden (NHNKY) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.75, compared to a current price of $9.92 — trading 27.9% below its estimated fair value. The current EV-to-FCF is 16.55, which is 34% below median its 10-year median of 24.97 and 30.2% below the Medical Devices & Instruments industry median of 23.71. Nihon Kohden's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Nihon Kohden (NHNKY), the current EV-to-FCF is 16.55 as of Aug. 01, 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 Nihon Kohden (NHNKY) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Kohden stock appears to be undervalued. The current stock price of $9.92 is trading 27.9% below its estimated GF Value™ of $13.75. GuruFocus considers Nihon Kohden to be Modestly Undervalued.

Key valuation signals for NHNKY:

  • EV-to-FCF: 16.55 (34% below median its 10-year median of 24.97)
  • GF Value™: $13.75 vs. price of $9.92 (27.9% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 30.2% below the Medical Devices & Instruments median (#137 of 416)

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


Nihon Kohden Business Description

Other Exchanges 6849:Japan
Address 1-31-4 Nishiochiai, Shinjuku-ku, Tokyo, JPN, 161-8560
Nihon Kohden Corp is a Japan-based company engaged in the development, manufacturing, and sale of medical electronic equipment. It offers monitoring and diagnostic equipment such as electroencephalographs, electrocardiographs, and patient monitors, along with related systems and consumables. The company operates as a single business segment and manages its activities comprehensively across three reportable regions: Japan, North America, and Other Regions.
68GF Score

Get the complete analysis for NHNKY

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

$9.92
Price
$13.75
GF Value