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Nihon KohdenTSE:6849 +0.26%68 EV-to-FCF is 17.08 as of Jul. 15, 2026, which is 32% below its 10-year median of 25.20. GuruFocus rates TSE:6849 with a GF Score™ of 68/100 and a GF Value™ of 円2,162.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 414 Medical Devices & Instruments companies, Nihon Kohden ranks better than 65.94% 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 円225,366 Mil.
Nihon Kohden's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円13,197 Mil. Therefore, Nihon Kohden's EV-to-FCF for today is 17.08.
The historical rank and industry rank for Nihon Kohden's EV-to-FCF or its related term are showing as below:
TSE:6849'
s EV-to-FCF Range Over the Past 10 Years
Min: -1236.02 Med: 25.2 Max: 177.04
Current: 16.56
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 25.20.
TSE:6849's EV-to-FCF is ranked better than 65.94% of 414
companies
in the Medical Devices & Instruments industry
Industry Median: 23.695
vs TSE:6849: 16.56
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.
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:
Nihon Kohden's share price for today is 円1542.50.
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 円89.250.
* 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.
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.
Nihon Kohden's current Enterprise Value is 円225,366 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 円13,197 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.
Nihon Kohden (TSE:6849) has a EV-to-FCF of 17.08 as of Jul. 15, 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 32% below median its historical median of 25.20. According to the industry distribution chart, Nihon Kohden ranks #141 out of 414 companies in the Medical Devices & Instruments industry, placing it in the top 34.1%.
Is Nihon Kohden's EV-to-FCF too high?
Nihon Kohden's current EV-to-FCF of 17.08 is 32% below median its 10-year median of 25.20. The Medical Devices & Instruments industry median EV-to-FCF is 23.70. Nihon Kohden's value of 17.08 is 27.9% below this industry median. Based on the distribution chart, Nihon Kohden ranks #141 out of 414 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 #141 out of 414 companies for EV-to-FCF. This puts Nihon Kohden in the upper half of its industry. The industry median EV-to-FCF is 23.70. Nihon Kohden's value of 17.08 is 27.9% below this benchmark. While the company's 10-year median is 25.20 vs. the industry median of 23.70, 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 23.70, based on 414 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 17.08 is 27.9% 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-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 23.70 — 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 17.08, which is 32% below median its own 10-year median of 25.20. 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 (TSE:6849) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,162.06, compared to a current price of 円1,542.50 — trading 28.7% below its estimated fair value. The current EV-to-FCF is 17.08, which is 32% below median its 10-year median of 25.20 and 27.9% below the Medical Devices & Instruments industry median of 23.70. 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 (TSE:6849), the current EV-to-FCF is 17.08 as of Jul. 15, 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 (TSE:6849) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Kohden stock appears to be undervalued.
The current stock price of 円1,542.50 is trading 28.7% below its estimated GF Value™ of 円2,162.06.
GuruFocus considers Nihon Kohden to be Modestly Undervalued.
Key valuation signals for TSE:6849:
EV-to-FCF: 17.08 (32% below median its 10-year median of 25.20)
GF Value™: 円2,162.06 vs. price of 円1,542.50 (28.7% below fair value)
Industry Position: 27.9% below the Medical Devices & Instruments median (#141 of 414)
No single metric tells the full story. See the TSE:6849 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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