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ESPECTSE:6859 -2.45%90 Interest Coverage is 400.43 as of Mar. 2026, which is 39% above its 10-year median of 288.68. GuruFocus rates TSE:6859 with a GF Score™ of 90/100 and a GF Value™ of 円3,177.58 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,675 Hardware companies, ESPEC ranks better than 89.01% 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. ESPEC's
Operating Income
for the
three
months ended in Mar. 2026 was 円2,803 Mil. ESPEC's Interest Expense for the
three
months ended in Mar. 2026 was 円-7 Mil.
ESPEC's interest coverage for the quarter that ended in Mar. 2026 was 400.43.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. ESPEC Corp has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for ESPEC's Interest Coverage or its related term are showing as below:
TSE:6859'
s Interest Coverage Range Over the Past 10 Years
Min: 49.33 Med: 288.68 Max: No Debt
Current: 244.41
TSE:6859's Interest Coverage is ranked better than 89.01% of 1675
companies
in the Hardware industry
Industry Median: 13.68
vs TSE:6859: 244.41
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 .
ESPEC Interest Coverage Related Terms
ESPEC Interest Coverage Historical Data
* Premium members only.
The historical data trend for ESPEC'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.
TSE:6859 vs COHR, KEYS, GRMN: Interest Coverage Comparison
For the Scientific & Technical Instruments subindustry, ESPEC'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.
ESPEC Interest Coverage vs Hardware Industry
For the Hardware industry and Technology sector, ESPEC's Interest Coverage distribution charts can be found below:
* The bar in red indicates where ESPEC's Interest Coverage falls into.
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:
* 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.
ESPEC (TSE:6859) has a Interest Coverage of 400.43 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ESPEC and its competitors. This is 39% above median its historical median of 288.68. Over the past decade, ESPEC's Interest Coverage has ranged from 49.33 to 10,000.00. According to the industry distribution chart, ESPEC ranks #184 out of 1675 companies in the Hardware industry, placing it in the top 11%.
Is ESPEC's Interest Coverage too high?
ESPEC's current Interest Coverage of 400.43 is 39% above median its 10-year median of 288.68. Over the past 10 years, this metric has ranged from a low of 49.33 to a high of 10,000.00. The Hardware industry median Interest Coverage is 13.68. ESPEC's value of 400.43 is 2827.1% above this industry median. Based on the distribution chart, ESPEC ranks #184 out of 1675 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, ESPEC has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ESPEC's Interest Coverage compare to COHR and KEYS?
According to the Hardware industry distribution chart, ESPEC ranks #184 out of 1675 companies for Interest Coverage. This places ESPEC in the top 11% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 13.68. ESPEC's value of 400.43 is 2827.1% above this benchmark. Historically, ESPEC's own Interest Coverage has ranged from 49.33 to 10,000.00 over the past decade. While the company's 10-year median is 288.68 vs. the industry median of 13.68, ESPEC 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 Hardware company?
The median Interest Coverage among Hardware companies is 13.68, based on 1,675 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. ESPEC's current Interest Coverage of 400.43 is 2827.1% 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 ESPEC and its competitors. For the Hardware industry, the median Interest Coverage is 13.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ESPEC's current Interest Coverage is 400.43, which is 39% above median its own 10-year median of 288.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ESPEC stock overvalued right now?
Based on GuruFocus' analysis, ESPEC (TSE:6859) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,177.58, compared to a current price of 円3,980.00 — trading 25.3% above its estimated fair value. The current Interest Coverage is 400.43, which is 39% above median its 10-year median of 288.68 and 2827.1% above the Hardware industry median of 13.68. ESPEC's overall GF Score™ is 90/100 with 1 warning sign 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 ESPEC (TSE:6859), the current Interest Coverage is 400.43 as of Mar. 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 ESPEC (TSE:6859) Overvalued in 2026?
Based on GuruFocus' analysis, ESPEC stock appears to be overvalued.
The current stock price of 円3,980.00 is trading 25.3% above its estimated GF Value™ of 円3,177.58.
GuruFocus considers ESPEC to be Modestly Overvalued.
Key valuation signals for TSE:6859:
Interest Coverage: 400.43 (39% above median its 10-year median of 288.68)
GF Value™: 円3,177.58 vs. price of 円3,980.00 (25.3% above fair value)
Industry Position: 2827.1% above the Hardware median (#184 of 1675)
No single metric tells the full story. See the TSE:6859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.
90GF Score
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