Stocktoria

Kao Corporation 4452.T

JP · Tokyo Stock Exchange · XTKS · stock · Consumer Defensive · website

Kao Corporation statistics & valuation

Market cap¥3.20T
P / E26.6×
P / S1.9×
P / B3.0×
Net margin7.1%
Net cash¥80.1B
Enterprise value USD$19.6B
Earnings yield EBIT/EV5.3%
Return on capital12.1%
Graham number -47.5%¥1,855.82

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 (¥1,855.82); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.50% 2.90% 6.60% 7.10% 2022202320242025
Gross margin (%)
35.40% 36.60% 39.20% 39.60% 2022202320242025
Operating margin (%)
7.10% 3.90% 9.00% 9.70% 2022202320242025
Return on equity (%)
8.90% 4.50% 10.10% 11.30% 2022202320242025
Shares outstanding
904.8M 904.8M 904.8M 904.8M 2022202320242025
Net debt (¥)
-¥5.36B -¥30.59B -¥112.39B -¥80.14B 2022202320242025
Share buybacks (¥)
¥50.03B ¥17.0M 2022202320242025
Return on assets (%)
5.00% 2.50% 5.80% 6.40% 2022202320242025
Free cash flow margin (%)
3.50% 8.90% 8.20% 2022202320242025
Debt / equity (×)
0.27× 0.27× 0.23× 0.23× 2022202320242025
EPS (¥)
¥91.64 ¥47.19 ¥115.97 ¥130.15 2022202320242025

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

Kao Corporation trades at about 27.1× earnings — near its 10-year norm (10-year range 23.8×–62.1×, median 28.7×).

23.8× 62.1×

Shaded band = 10-year range (23.8×–62.1×); dot = today's 27.1×.

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)

RatioFY2025FY2024FY2023FY2022
Gross margin39.6%39.2%36.6%35.4%
Operating margin9.7%9.0%3.9%7.1%
Net margin7.1%6.6%2.9%5.5%
FCF margin8.2%8.9%3.5%
Return on assets6.4%5.8%2.5%5.0%
Return on equity11.3%10.1%4.5%8.9%
Debt / equity0.10×0.09×0.13×0.06×
Current ratio1.751.791.781.66

Computed from company filings · JP · as of 2025-12-31. Figures in JPY. Facts plus Stocktoria's own computed scores — not investment advice.