Hikari Business Form Co (TSE:3948) Interest Coverage: 47.22 (As of Dec. 2025) — 65% Above Median


TSE:3948 Hikari Business Form Co Ltd TSE:3948
55 GF Score
Price 円1,131.00
GF Value 円673.57
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Hikari Business Form Co Interest Coverage?

Hikari Business Form Co TSE:3948 -0.79% 55 Interest Coverage is 47.22 as of Dec. 2025, which is 65% above its 10-year median of 28.60. GuruFocus rates TSE:3948 with a GF Score™ of 55/100 and a GF Value™ of 円673.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 814 Business Services companies, Hikari Business Form Co ranks better than 64.74% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Hikari Business Form Co's Operating Income for the six months ended in Dec. 2025 was 円178 Mil. Hikari Business Form Co's Interest Expense for the six months ended in Dec. 2025 was 円-4 Mil. Hikari Business Form Co's interest coverage for the quarter that ended in Dec. 2025 was 47.22. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Hikari Business Form Co's Interest Coverage or its related term are showing as below:

TSE:3948' s Interest Coverage Range Over the Past 10 Years
Min: 9.29   Med: 28.6   Max: 184.6
Current: 30.38


TSE:3948's Interest Coverage is ranked better than
64.74% of 814 companies
in the Business Services industry
Industry Median: 13.085 vs TSE:3948: 30.38

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Hikari Business Form Co  (TSE:3948) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Hikari Business Form Co Interest Coverage Related Terms


Hikari Business Form Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Hikari Business Form Co's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Hikari Business Form Co Interest Coverage Chart

Hikari Business Form Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.99 175.25 184.60 40.48 30.38

Hikari Business Form Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Coverage 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 73.60 23.99 57.48 8.36 47.22

TSE:3948 vs CTAS, CPRT, ULS: Interest Coverage Comparison

For the Specialty Business Services subindustry, Hikari Business Form Co's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Hikari Business Form Co Interest Coverage vs Business Services Industry

For the Business Services industry and Industrials sector, Hikari Business Form Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hikari Business Form Co's Interest Coverage falls into.


TSE:3948
55GF Score
Hikari Business Form Co Ltd TSE:3948
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hikari Business Form Co Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hikari Business Form Co's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Hikari Business Form Co's Interest Expense was 円-7 Mil. Its Operating Income was 円202 Mil. And its Long-Term Debt & Capital Lease Obligation was 円229 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*202.18/-6.656
=30.38

Hikari Business Form Co's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Hikari Business Form Co's Interest Expense was 円-4 Mil. Its Operating Income was 円178 Mil. And its Long-Term Debt & Capital Lease Obligation was 円229 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*178.054/-3.771
=47.22

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 47.22 mean?
Hikari Business Form Co (TSE:3948) has a Interest Coverage of 47.22 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hikari Business Form Co and its competitors. This is 65% above median its historical median of 28.60. Over the past decade, Hikari Business Form Co's Interest Coverage has ranged from 9.29 to 184.60. According to the industry distribution chart, Hikari Business Form Co ranks #287 out of 814 companies in the Business Services industry, placing it in the top 35.3%.
Is Hikari Business Form Co's Interest Coverage too high?
Hikari Business Form Co's current Interest Coverage of 47.22 is 65% above median its 10-year median of 28.60. Over the past 10 years, this metric has ranged from a low of 9.29 to a high of 184.60. The Business Services industry median Interest Coverage is 13.09. Hikari Business Form Co's value of 47.22 is 260.9% above this industry median. Based on the distribution chart, Hikari Business Form Co ranks #287 out of 814 companies in the Business Services industry, which is above the industry midpoint. Overall, Hikari Business Form Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hikari Business Form Co's Interest Coverage compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Hikari Business Form Co ranks #287 out of 814 companies for Interest Coverage. This puts Hikari Business Form Co in the upper half of its industry. The industry median Interest Coverage is 13.09. Hikari Business Form Co's value of 47.22 is 260.9% above this benchmark. Historically, Hikari Business Form Co's own Interest Coverage has ranged from 9.29 to 184.60 over the past decade. While the company's 10-year median is 28.60 vs. the industry median of 13.09, Hikari Business Form Co has consistently been above 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 Interest Coverage for a Business Services company?
The median Interest Coverage among Business Services companies is 13.09, based on 814 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hikari Business Form Co's current Interest Coverage of 47.22 is 260.9% above 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Hikari Business Form Co and its competitors. For the Business Services industry, the median Interest Coverage is 13.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hikari Business Form Co's current Interest Coverage is 47.22, which is 65% above median its own 10-year median of 28.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hikari Business Form Co stock overvalued right now?
Based on GuruFocus' analysis, Hikari Business Form Co (TSE:3948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円673.57, compared to a current price of 円1,131.00 — trading 67.9% above its estimated fair value. The current Interest Coverage is 47.22, which is 65% above median its 10-year median of 28.60 and 260.9% above the Business Services industry median of 13.09. Hikari Business Form Co's overall GF Score™ is 55/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Hikari Business Form Co (TSE:3948), the current Interest Coverage is 47.22 as of Dec. 2025. 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 Hikari Business Form Co (TSE:3948) Overvalued in 2026?

Based on GuruFocus' analysis, Hikari Business Form Co stock appears to be overvalued. The current stock price of 円1,131.00 is trading 67.9% above its estimated GF Value™ of 円673.57. GuruFocus considers Hikari Business Form Co to be Significantly Overvalued.

Key valuation signals for TSE:3948:

  • Interest Coverage: 47.22 (65% above median its 10-year median of 28.60)
  • GF Value™: 円673.57 vs. price of 円1,131.00 (67.9% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 260.9% above the Business Services median (#287 of 814)

No single metric tells the full story. See the TSE:3948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hikari Business Form Co Business Description

Address 553, Higashiasakawa town, Hachioji, Tokyo, JPN, 193-0834
Hikari Business Form Co Ltd is engaged in providing printing services. The services offered by the company are commercial printing, business process outsourcing, post process, web solution, DPP, and others.
55GF Score

Get the complete analysis for TSE:3948

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

円1,131.00
Price
円673.57
GF Value