HORIBA, Ltd (01H) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of HORIBA, Ltd €115, price €138, upside -16.4%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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In Frankfurt, only 4 of the last 21 trading days (30 days) had any turnover. On the other days the price is an indicative quote without trading, so we do not list this stock in the radar. It stays reachable through search.
HORIBA, Ltd
01H · FOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
60‑month range €34.55 – €157.13 · fair‑value band €74.10 – €160.82 · the €138.00 price screens above the €115.42 fair value. Dashed = 300-day average. As of Sep 30, 2026.
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Company profile
HORIBA, Ltd., together with its subsidiaries, provides analytical and measurement solutions in Japan, Asia, the United States, and Europe. It operates in three segments: Energy and Environment; Bio and Healthcare; and Advanced Materials and Semiconductor.
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HORIBA, Ltd., together with its subsidiaries, provides analytical and measurement solutions in Japan, Asia, the United States, and Europe. It operates in three segments: Energy and Environment; Bio and Healthcare; and Advanced Materials and Semiconductor. The company offers mobility products, including systems for emissions measurement, internal combustion engine testing, driveline and powertrain evaluation, brake testing, and wind tunnels; and energy and environment solutions for water and liquid, industrial process, and energy. It also provides life science products comprising fluorescence spectroscopy, raman imaging and spectrometers, and particle characterization; healthcare solutions, which include vitro diagnostic systems for biological analysis, clinical chemistry, veterinary, hematology, and hemostasis; material analysis, such as elemental analysis, molecular and structural analysis, and surface analysis and thin film characterization; and semiconductor products. In addition, the company offers technology solutions comprising health care, fluid control, mass spectrometry, spectroscopy, microscopy and imaging, electrochemistry, physisorption, particle and element analysis, and surface plasmon resonance; and services, including analysis centers, calibration and certification, customer support, spare parts and consumables, testing and consulting, and product and technology training. Its products are used in arts, entertainment, and recreation; biopharma and pharma, biotechnology and biomedical; cosmetics; education, research and development, and government institution; energy solutions; food and beverage; healthcare; industrials; information technology; materials; mobility and transportation; waste management; and water applications. HORIBA, Ltd. was founded in 1945 and is headquartered in Kyoto, Japan.
Stock analysis
HORIBA, Ltd (01H) currently trades at €138.00, while our model-based Fair Value estimate is €115.42, 16.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €124.81 per share, and 6 of the 26 models we run sit above the €138.00 price.
Bear case: the Dividend Discount group reads lowest at €22.90, and 20 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €74.10 (bear) to €160.82 (bull), the price of €138.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HORIBA, Ltd reported revenue of ¥333B in FY2025 versus ¥224B in FY2021, a compound +10.4%/yr. Reported net income was ¥37.1B in FY2025, compounding +14.9%/yr from FY2021.
Key figures
Market cap €5.8B · P/E ratio 24.4 · P/S ratio 2.72 · EPS (TTM) €5.65 · Dividend yield 1.5% · Net margin 11.1% · Return on equity 12.7% · Return on assets (EBIT) 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 104% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at −16%, 01H screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 69
Revenue & earnings trend
Growth Forecast
01H screens overvalued: fair value 16% below the price. Compare with Keysight Technologies, Inc →
Compare HORIBA, Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Scientific & Technical Instruments · 145 stocks
Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $362.15 | $116.07 | −68% |
| Coherent Corp COHR | $292.21 | $98.35 | −66% |
| Garmin Ltd GRMN | $294.14 | $304.44 | +4% |
| Chroma ATE Inc 2360 | 2,295 TWD | 614.66 TWD | −73% |
| Teledyne Technologies Incorporated TDY | $605.59 | $666.15 | +10% |
| AVIC Chengdu Aircraft Company 302132 | ¥72.18 | ¥19.61 | −73% |
| MKS Inc MKSI | $260.82 | $199.90 | −23% |
| Fortive Corporation FTV | $56.09 | $35.20 | −37% |
| Trimble Inc TRMB | $57.85 | $29.24 | −49% |
| Cognex Corporation CGNX | $58.75 | $38.10 | −35% |
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