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Horiba Valuation Multiples
Discover revenue and EBITDA valuation multiples for Horiba and similar public comparables like Convatec Group, Abbott India, Sensata Technologies, Asahi Intecc and more.
Horiba Overview
About Horiba
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.
Founded
1953
HQ
Employees
9.0K
Website
Financials (LTM)
EV
$5B
Horiba Financials
Horiba reported last 12-month revenue of $2B and EBITDA of $443M.
In the same LTM period, Horiba generated $954M in gross profit, $443M in EBITDA, and $251M in net income.
Revenue (LTM)
Horiba P&L
In the most recent fiscal year, Horiba reported revenue of $2B and EBITDA of $429M.
Horiba expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $954M | XXX | $917M | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $443M | XXX | $429M | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $251M | XXX | $242M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Horiba Stock Performance
Horiba has current market cap of $6B, and enterprise value of $5B.
Market Cap Evolution
Horiba's stock price is $136.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $6B | -0.1% | XXX | XXX | XXX | $5.77 |
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Start Free TrialHoriba Valuation Multiples
Horiba trades at 2.3x EV/Revenue multiple, and 11.6x EV/EBITDA.
EV / Revenue (LTM)
Horiba Financial Valuation Multiples
As of April 30, 2026, Horiba has market cap of $6B and EV of $5B.
Equity research analysts estimate Horiba's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Horiba has a P/E ratio of 22.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 11.6x | XXX | 11.9x | XXX | XXX | XXX |
| EV/EBIT | 14.4x | XXX | 14.8x | XXX | XXX | XXX |
| EV/Gross Profit | 5.4x | XXX | 5.6x | XXX | XXX | XXX |
| P/E | 22.9x | XXX | 23.7x | XXX | XXX | XXX |
| EV/FCF | 25.7x | XXX | 26.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Horiba Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Horiba Margins & Growth Rates
Horiba's revenue in the last 12 month grew by 3%.
Horiba's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Horiba's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Horiba's rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Horiba Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 7% | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Horiba Public Comps
See public comps and valuation multiples for other Medical Devices and Test & Measurement comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Horiba | XXX | XXX | XXX | XXX | XXX | XXX |
| Convatec Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Abbott India | XXX | XXX | XXX | XXX | XXX | XXX |
| Sensata Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Asahi Intecc | XXX | XXX | XXX | XXX | XXX | XXX |
| Teleflex | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Horiba M&A Activity
Horiba acquired XXX companies to date.
Last acquisition by Horiba was on XXXXXXXX, XXXXX. Horiba acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Horiba
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHoriba Investment Activity
Horiba invested in XXX companies to date.
Horiba made its latest investment on XXXXXXXX, XXXXX. Horiba invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Horiba
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Horiba
| When was Horiba founded? | Horiba was founded in 1953. |
| Where is Horiba headquartered? | Horiba is headquartered in Japan. |
| How many employees does Horiba have? | As of today, Horiba has over 9K employees. |
| Who is the CEO of Horiba? | Horiba's CEO is Atsushi Horiba. |
| Is Horiba publicly listed? | Yes, Horiba is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Horiba? | Horiba trades under 6856 ticker. |
| When did Horiba go public? | Horiba went public in 1974. |
| Who are competitors of Horiba? | Horiba main competitors are Convatec Group, Abbott India, Sensata Technologies, Asahi Intecc. |
| What is the current market cap of Horiba? | Horiba's current market cap is $6B. |
| What is the current revenue of Horiba? | Horiba's last 12 months revenue is $2B. |
| What is the current revenue growth of Horiba? | Horiba revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Horiba? | Current revenue multiple of Horiba is 2.3x. |
| Is Horiba profitable? | Yes, Horiba is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Horiba? | Horiba's last 12 months EBITDA is $443M. |
| What is Horiba's EBITDA margin? | Horiba's last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Horiba? | Current EBITDA multiple of Horiba is 11.6x. |
| What is the current FCF of Horiba? | Horiba's last 12 months FCF is $199M. |
| What is Horiba's FCF margin? | Horiba's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Horiba? | Current FCF multiple of Horiba is 25.7x. |
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