Horiba (TSE:6856) EV-to-FCF: (As of Sep. 18, 2026)

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:6856 Horiba Ltd TSE:6856
90 GF Score
Price 円22,015.00
GF Value 円14,408.08
Valuation Significantly Overvalued
View Full Analysis

What is Horiba EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Horiba's Enterprise Value is 円817,092 Mil. Horiba's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was 円0 Mil. Therefore, Horiba's EV-to-FCF for today is .

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

TSE:6856' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 28.15
Current: 28.15

During the past 13 years, the highest EV-to-FCF of Horiba was 28.15. The lowest was 0.00. And the median was 0.00.

TSE:6856's EV-to-FCF is ranked worse than
57.13% of 1227 companies
in the Hardware industry
Industry Median: 22.06 vs TSE:6856: 28.15

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 (2026-09-18), Horiba's stock price is 円22015.00. Horiba's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was 円1018.177. Therefore, Horiba's PE Ratio (TTM) for today is 21.62.


Horiba  (TSE:6856) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=22015.00/1018.177
=21.62

Horiba's share price for today is 円22015.00.
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1018.177.

* 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.


Horiba EV-to-FCF Related Terms


Horiba EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Horiba'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.

Horiba EV-to-FCF Chart

Horiba Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.12 7.76 51.07 13.96 19.95

Horiba Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

TSE:6856 vs GRMN, COHR, KEYS: EV-to-FCF Comparison

For the Scientific & Technical Instruments subindustry, Horiba'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.


Horiba EV-to-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Horiba's EV-to-FCF distribution charts can be found below:

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


TSE:6856
90GF Score
Horiba Ltd TSE:6856
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Horiba EV-to-FCF Calculation

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=817091.533/0
=

Horiba's current Enterprise Value is 円817,092 Mil.
Horiba's Free Cash Flow 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0 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.

Is Horiba (TSE:6856) Overvalued in 2026?

Based on GuruFocus' analysis, Horiba stock appears to be overvalued. The current stock price of 円22,015.00 is trading 52.8% above its estimated GF Value™ of 円14,408.08. GuruFocus considers Horiba to be Significantly Overvalued.

Key valuation signals for TSE:6856:

  • EV-to-FCF:
  • GF Value™: 円14,408.08 vs. price of 円22,015.00 (52.8% above fair value)
  • GF Score™: 90/100

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 Business Description

Other Exchanges HRIBF:USA01H:Germany
Address 2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8551
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.
90GF Score

Get the complete analysis for TSE:6856

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

円22,015.00
Price
円14,408.08
GF Value