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Baycurrent, Inc. 6532.T

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

Baycurrent, Inc. statistics & valuation

Market cap¥1.13T
P / E29.9×
P / S7.6×
P / B9.7×
Net margin25.5%
Net cash¥65.7B
Enterprise value USD$6.7B
Earnings yield EBIT/EV4.8%
Return on capital41.7%
Graham number -72.5%¥2,112.80

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 (¥2,112.80); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
28.80% 27.00% 26.50% 25.50% 2023202420252026
Gross margin (%)
55.80% 54.60% 53.80% 56.60% 2023202420252026
Operating margin (%)
39.30% 36.40% 36.70% 34.30% 2023202420252026
Return on equity (%)
38.20% 34.20% 32.60% 32.30% 2023202420252026
Shares outstanding
147.0M 147.0M 147.0M 147.0M 2023202420252026
Net debt (¥)
-¥32.47B -¥36.12B -¥52.47B -¥65.73B 2023202420252026
Share buybacks (¥)
¥2.10B ¥3.01B ¥3.61B 2023202420252026
Return on assets (%)
29.10% 25.40% 24.70% 24.00% 2023202420252026
Free cash flow margin (%)
27.90% 22.10% 27.40% 2023202420252026
Debt / equity (×)
0.07× 0.13× 0.09× 0.06× 2023202420252026
EPS (¥)
¥142.96 ¥166.04 ¥202.16 ¥249.16 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

Baycurrent, Inc. trades at about 30.9× earnings — near its 10-year norm (10-year range 17.8×–38.1×, median 32×).

17.8× 38.1×

Shaded band = 10-year range (17.8×–38.1×); dot = today's 30.9×.

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 margin56.6%53.8%54.6%55.8%
Operating margin34.3%36.7%36.4%39.3%
Net margin25.5%26.5%27.0%28.8%
FCF margin27.4%22.1%27.9%
Return on assets24.0%24.7%25.4%29.1%
Return on equity32.3%32.6%34.2%38.2%
Debt / equity0.00×0.00×0.02×0.04×
Current ratio3.223.673.593.27

Computed from company filings · JP · as of 2026-02-28. Figures in JPY. Facts plus Stocktoria's own computed scores — not investment advice.