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Shin-Etsu Chemical Co., Ltd. 4063.T

JP · Tokyo Stock Exchange · XTKS · stock · Basic Materials · website

Shin-Etsu Chemical Co., Ltd. statistics & valuation

Market cap¥11.81T
P / E24.9×
P / S4.6×
P / B2.6×
P / FCF33.1×
Dividend yield1.72%
Net margin18.4%
Return on equity10.6%
FCF margin13.9%
Net cash¥1.42T
Enterprise value USD$65.5B
Earnings yield EBIT/EV6.1%
Return on capital12.4%
Graham number -42.1%¥3,702.93

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (¥3,702.93); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
25.20% 21.50% 20.90% 18.40% 2023202420252026
Gross margin (%)
43.20% 37.70% 38.40% 34.20% 2023202420252026
Operating margin (%)
35.50% 29.00% 29.00% 24.70% 2023202420252026
Return on equity (%)
18.30% 12.20% 11.50% 10.60% 2023202420252026
Shares outstanding
1.85B 1.85B 1.85B 1.85B 2023202420252026
Net debt (¥)
-¥1.42T -¥1.67T -¥1.69T -¥1.42T 2023202420252026
Share buybacks (¥)
¥206.79B ¥107.74B ¥193.99B ¥500.01B 2023202420252026
Return on assets (%)
15.00% 10.10% 9.50% 8.40% 2023202420252026
Free cash flow margin (%)
17.40% 15.60% 17.10% 13.90% 2023202420252026
Debt / equity (×)
0.01× 0.01× 0.00× 0.05× 2023202420252026
EPS (¥)
¥347.61 ¥259.13 ¥269.28 ¥252.49 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Shin-Etsu Chemical Co., Ltd. trades at about 25.3× earnings — near its 10-year norm (10-year range 11.1×–28.7×, median 23.9×).

11.1× 28.7×

Shaded band = 10-year range (11.1×–28.7×); dot = today's 25.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin34.2%38.4%37.7%43.2%
Operating margin24.7%29.0%29.0%35.5%
Net margin18.4%20.9%21.5%25.2%
FCF margin13.9%17.1%15.6%17.4%
Return on assets8.4%9.5%10.1%15.0%
Return on equity10.6%11.5%12.2%18.3%
Debt / equity0.05×0.00×0.00×0.00×
Current ratio5.945.985.845.64

Computed from company filings · JP · as of 2026-03-31. Figures in JPY. Facts plus Stocktoria's own computed scores — not investment advice.