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SMC Corporation 6273.T

JP · Tokyo Stock Exchange · XTKS · stock · Industrials · website

SMC Corporation statistics & valuation

Market cap¥4.81T
P / E28.7×
P / S5.7×
P / B2.3×
P / FCF139.3×
Net margin19.9%
FCF margin4.1%
Net cash¥658.8B
Enterprise value USD$26.1B
Earnings yield EBIT/EV4.6%
Return on capital8.8%
Graham number -41.6%¥44,703.70

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 (¥44,703.70); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
27.20% 23.00% 19.70% 19.90% 2023202420252026
Gross margin (%)
51.10% 46.70% 45.80% 45.30% 2023202420252026
Operating margin (%)
31.30% 25.30% 24.00% 22.60% 2023202420252026
Return on equity (%)
13.20% 9.50% 8.10% 7.90% 2023202420252026
Shares outstanding
62.9M 62.9M 62.9M 62.9M 2023202420252026
Net debt (¥)
-¥591.38B -¥498.19B -¥650.74B -¥658.78B 2023202420252026
Share buybacks (¥)
¥55.07B ¥30.63B ¥25.02B ¥30.02B 2023202420252026
Return on assets (%)
11.70% 8.50% 7.40% 7.20% 2023202420252026
Free cash flow margin (%)
3.30% -0.80% 11.20% 4.10% 2023202420252026
Debt / equity (×)
0.01× 0.01× 0.00× 0.00× 2023202420252026
EPS (¥)
¥3444.55 ¥2766.92 ¥2766.92 ¥2640.04 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

SMC Corporation trades at about 29× earnings — near its 10-year norm (10-year range 16.8×–30.2×, median 28.8×).

16.8× 30.2×

Shaded band = 10-year range (16.8×–30.2×); dot = today's 29×.

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 margin45.3%45.8%46.7%51.1%
Operating margin22.6%24.0%25.3%31.3%
Net margin19.9%19.7%23.0%27.2%
FCF margin4.1%11.2%-0.8%3.3%
Return on assets7.2%7.4%8.5%11.7%
Return on equity7.9%8.1%9.5%13.2%
Debt / equity0.00×0.00×0.00×
Current ratio10.3310.487.957.01

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