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HoribaTSE:6856 -4.78%84 Net Margin % is 12.64% as of Dec. 2025, which is 26% above its 10-year median of 10.04. 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 2,476 Hardware companies, Horiba ranks better than 81.87% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Horiba's Net Income for the
three
months ended in Dec. 2025 was 円12,994 Mil. Horiba's Revenue for the
three
months ended in Dec. 2025 was 円102,836 Mil. Therefore, Horiba's net margin for the quarter that ended in Dec. 2025 was 12.64%.
The historical rank and industry rank for Horiba's Net Margin % or its related term are showing as below:
TSE:6856'
s Net Margin % Range Over the Past 10 Years
Min: 7.05 Med: 10.04 Max: 13.87
Current: 10.89
TSE:6856's Net Margin % is ranked better than 81.87% of 2476
companies
in the Hardware industry
Industry Median: 2.69
vs TSE:6856: 10.89
Horiba (TSE:6856) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Horiba Net Margin % Related Terms
Horiba Net Margin % Historical Data
* Premium members only.
The historical data trend for Horiba's Net Margin % 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.
TSE:6856 vs COHR, KEYS, GRMN: Net Margin % Comparison
For the Scientific & Technical Instruments subindustry, Horiba's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Horiba's Net Margin % distribution charts can be found below:
* The bar in red indicates where Horiba's Net Margin % falls into.
* 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 (TSE:6856) has a Net Margin % of 12.64% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Horiba and its competitors. This is 26% above median its historical median of 10.04. Over the past decade, Horiba's Net Margin % has ranged from 7.05 to 13.87. According to the industry distribution chart, Horiba ranks #449 out of 2476 companies in the Hardware industry, placing it in the top 18.1%.
Is Horiba's Net Margin % too high?
Horiba's current Net Margin % of 12.64% is 26% above median its 10-year median of 10.04. Over the past 10 years, this metric has ranged from a low of 7.05 to a high of 13.87. The Hardware industry median Net Margin % is 2.69. Horiba's value of 12.64% is 369.9% above this industry median. Based on the distribution chart, Horiba ranks #449 out of 2476 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 Net Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Horiba ranks #449 out of 2476 companies for Net Margin %. This places Horiba in the top 18% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.69. Horiba's value of 12.64% is 369.9% above this benchmark. Historically, Horiba's own Net Margin % has ranged from 7.05 to 13.87 over the past decade. While the company's 10-year median is 10.04 vs. the industry median of 2.69, Horiba 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 Net Margin % for a Hardware company?
The median Net Margin % among Hardware companies is 2.69, based on 2,476 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horiba's current Net Margin % of 12.64% is 369.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Horiba and its competitors. For the Hardware industry, the median Net Margin % is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horiba's current Net Margin % is 12.64%, which is 26% above median its own 10-year median of 10.04. 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 Net Margin % is 12.64%, which is 26% above median its 10-year median of 10.04 and 369.9% above the Hardware industry median of 2.69. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Horiba (TSE:6856), the current Net Margin % is 12.64% 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 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:
Net Margin %: 12.64% (26% above median its 10-year median of 10.04)
GF Value™: 円11,625.67 vs. price of 円23,520.00 (102.3% above fair value)
Industry Position: 369.9% above the Hardware median (#449 of 2476)
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 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
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