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Keyence Corporation 6861.T

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

Keyence Corporation statistics & valuation

Market cap¥21.23T
P / E47.7×
P / S18.2×
P / B6.1×
P / FCF52.8×
Net margin38.1%
FCF margin34.4%
Return on capital17.1%
Graham number -72.2%¥24,314.33

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 (¥24,314.33); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
39.30% 38.20% 37.60% 38.10% 2023202420252026
Gross margin (%)
81.80% 83.00% 83.80% 83.00% 2023202420252026
Operating margin (%)
54.10% 51.20% 51.90% 51.00% 2023202420252026
Return on equity (%)
14.60% 13.20% 12.80% 12.80% 2023202420252026
Shares outstanding
242.5M 242.5M 242.5M 242.5M 2023202420252026
Net debt (¥)
2023202420252026
Share buybacks (¥)
2023202420252026
Return on assets (%)
13.70% 12.50% 12.10% 12.10% 2023202420252026
Free cash flow margin (%)
28.50% 38.80% 37.30% 34.40% 2023202420252026
Debt / equity (×)
2023202420252026
EPS (¥)
¥1496.60 ¥1524.14 ¥1643.77 ¥1835.63 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

Keyence Corporation trades at about 47.7× earnings — above its 10-year norm (10-year range 36.4×–46.1×, median 40.8×).

36.4× 47.7×

Shaded band = 10-year range (36.4×–46.1×); dot = today's 47.7×.

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 margin83.0%83.8%83.0%81.8%
Operating margin51.0%51.9%51.2%54.1%
Net margin38.1%37.6%38.2%39.3%
FCF margin34.4%37.3%38.8%28.5%
Return on assets12.1%12.1%12.5%13.7%
Return on equity12.8%12.8%13.2%14.6%
Current ratio10.549.7210.548.95

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