Obermatt

Nihon Kohden

TYO:6849 · JP3706800004
Health Care Equipment & SuppliesLarge

360

82
EV / EBIT90
Price / Owner Earnings43
Owner Earnings Yield90
Dividend Yield71
Price/Sales78
EV / Gross Profit93
Price/Book75
Return on Capital73
Cash Return on Capital80
Return on Equity67
EBIT Margin54
Gross Profitability74
Cash Conversion36
Accruals36
Owner Earnings Margin67
Sales growth11
Profit Growth73
Long-Term EPS Growth63
Owner Earnings Growth76
Reinvestment51
Price momentum44
Debt load56
Refinancing92
Debt Payback100
Liquidity73
Analyst ratings38
Opinion Changes50
Price Target Upside57
Market mood51
Value Creation8/20creating 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

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

Profile

CountryJapan
IndustryHealth Care Equipment & Supplies
SizeLarge
TypePublic Company
ExchangeTSE
Founded1951
Employees607
ISINJP3706800004
Last UpdateApr 2, 2026
Index & Theme
CardiovascularHealth DiagnosticsHematologyNeurologyDetectors, Sensors and MemsBiomedical EngineeringSensorsLogisticsManufacturing

Description

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. Business Segments T…

Analysis

Bargain bin

Nihon Kohden Corporation falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is attractive. You pay 13.8× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly 1% yearly growth; analysts expect 8%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 8/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
93
2023202420252026

All-time high

93

Jun 2026

All-time low

70

Jan 2025

Average rank

85

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
78
46
59
64
Price/Earnings
60
41
47
64
Price/Book
75
44
54
54
Dividend Yield
71
43
52
48
Value (overall)
84
35
47
59

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 →