Horiba (TSE:6856) Moat Score: 6/10 (As of Jul. 29, 2026)

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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.
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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
84 GF Score
Price 円23,520.00
GF Value 円11,625.67
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Horiba Moat Score?

Horiba TSE:6856 -4.78% 84 Moat Score is 6 as of Jul. 29, 2026. GuruFocus rates TSE:6856 with a GF Score™ of 84/100 and a GF Value™ of 円11,625.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,468 Hardware companies, Horiba ranks better than 98.78% on this metric.

Horiba has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Horiba has Narrow Moat: Horiba Ltd has a strong narrow moat with valuable intellectual property in analytical and measurement technologies. Its brand strength and consistent innovation in R&D support its competitive position, though it faces competition in specialized markets.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Horiba might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Horiba  (TSE:6856) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Horiba Moat Score Related Terms

TSE:6856 vs COHR, KEYS, GRMN: Moat Score Comparison

For the Scientific & Technical Instruments subindustry, Horiba's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Hardware Industry

For the Hardware industry and Technology sector, Horiba's Moat Score distribution charts can be found below:

* The bar in red indicates where Horiba's Moat Score falls into.


TSE:6856
84GF Score
Horiba Ltd TSE:6856
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Horiba (TSE:6856) has a Moat Score of 6 as of Jul. 29, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Horiba ranks #30 out of 2468 companies in the Hardware industry, placing it in the top 1.2%.
Is Horiba's Moat Score too high?
Horiba's current Moat Score is 6. Based on the distribution chart, Horiba ranks #30 out of 2468 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Horiba has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horiba's Moat Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, Horiba ranks #30 out of 2468 companies for Moat Score. This places Horiba in the top 1% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Hardware company?
A good Moat Score depends on the Hardware industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Horiba's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horiba stock overvalued right now?
Based on GuruFocus' analysis, Horiba (TSE:6856) is currently considered Significantly Overvalued. The stock's GF Value™ is 円11,625.67, compared to a current price of 円23,520.00 — trading 102.3% above its estimated fair value. The current Moat Score is 6. Horiba's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Horiba (TSE:6856), the current Moat Score is 6 as of Jul. 29, 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 Horiba (TSE:6856) Overvalued in 2026?

Based on GuruFocus' analysis, Horiba stock appears to be overvalued. The current stock price of 円23,520.00 is trading 102.3% above its estimated GF Value™ of 円11,625.67. GuruFocus considers Horiba to be Significantly Overvalued.

Key valuation signals for TSE:6856:

  • Moat Score: 6
  • GF Value™: 円11,625.67 vs. price of 円23,520.00 (102.3% above fair value)
  • GF Score™: 84/100 with 5 warning signs

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.
84GF Score

Get the complete analysis for TSE:6856

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

円23,520.00
Price
円11,625.67
GF Value