Obermatt

Komatsu

TYO:6301 · JP3304200003
MachineryXX-Large

360

51
EV / EBIT49
Price / Owner Earnings60
Owner Earnings Yield70
Dividend Yield87
Price/Sales67
EV / Gross Profit66
Price/Book65
Return on Capital49
Cash Return on Capital45
Return on Equity37
EBIT Margin77
Gross Profitability65
Cash Conversion28
Accruals33
Owner Earnings Margin68
Sales growth20
Profit Growth21
Long-Term EPS Growth26
Owner Earnings Growth27
Reinvestment50
Price momentum65
Debt load43
Refinancing73
Debt Payback47
Liquidity45
Analyst ratings3
Opinion Changes50
Price Target Upside4
Market mood63
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Komatsu clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryJapan
IndustryMachinery
SizeXX-Large
TypePublic Company
ExchangeTSE
Founded1921
Employees2,883
ISINJP3304200003
Last UpdateApr 2, 2026
Themes
Industrial AutomationFleet ManagementMining TechnologyForestryMining Equipment ProvidersFarmingConstructionEnvironmental EngineeringManufacturing

Description

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. Business Segments The company operates through three main segm…

Analysis

Middle-of-the-road

Komatsu Ltd. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 15.9×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 3% a year, against analyst forecasts of 6%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
49
2023202420252026

All-time high

68

Feb 2026

All-time low

29

Sep 2024

Average rank

50

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
67
51
56
56
Price/Earnings
72
78
84
65
Price/Book
65
50
49
53
Dividend Yield
87
90
94
98
Value (overall)
76
83
73
73

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →