Komatsu Ltd
TSE:6301

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Komatsu Ltd
TSE:6301
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Price: 6 970 JPY 1.56% Market Closed
Market Cap: ¥6.5T

EV/EBIT

11.7
Current
48%
More Expensive
vs 3-y average of 7.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
11.7
=
Enterprise Value
¥7.7T
/
EBIT
¥610.1B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
11.7
=
Enterprise Value
¥7.7T
/
EBIT
¥610.1B

Valuation Scenarios

Komatsu Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (7.9), the stock would be worth ¥4 708.13 (32% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-32%
Maximum Upside
+24%
Average Downside
5%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 11.7 ¥6 970
0%
3-Year Average 7.9 ¥4 708.13
-32%
5-Year Average 8.5 ¥5 056.88
-27%
Industry Average 14.6 ¥8 667.81
+24%
Country Average 13.6 ¥8 104.2
+16%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
¥7.7T
/
Jan 2026
¥610.1B
=
11.7
Current
¥7.7T
/
Mar 2026
¥569.9B
=
13.6
Forward
¥7.7T
/
Mar 2027
¥689.4B
=
11.2
Forward
¥7.7T
/
Mar 2028
¥754.1B
=
10.3
Forward
¥7.7T
/
Mar 2029
¥723.7B
=
10.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
JP
Komatsu Ltd
TSE:6301
6.3T JPY 11.7 15.7
US
Caterpillar Inc
NYSE:CAT
390.9B USD 33.2 44
US
Cummins Inc
NYSE:CMI
90.7B USD 23.5 31.9
SE
Volvo AB
STO:VOLV B
645B SEK 14.3 18.7
US
Paccar Inc
NASDAQ:PCAR
66.7B USD 19.5 28.1
KR
Hyundai Heavy Industries Co Ltd
KRX:329180
67.3T KRW 31.5 45.8
US
Westinghouse Air Brake Technologies Corp
NYSE:WAB
46B USD 25.7 39.3
CN
China CSSC Holdings Ltd
SSE:600150
274.5B CNY 27.1 38.2
DE
Daimler Truck Holding AG
XETRA:DTG
33.6B EUR 14.8 17
JP
Toyota Industries Corp
TSE:6201
6.2T JPY 53.8 30.6
CN
Weichai Power Co Ltd
SZSE:000338
243.8B CNY 15.9 24.7

Market Distribution

In line with most companies in Japan
Percentile
40th
Based on 4 801 companies
40th percentile
11.7
Low
0.1 — 9.8
Typical Range
9.8 — 18.1
High
18.1 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 9.8
Median 13.6
70th Percentile 18.1
Max 414 821 439

Komatsu Ltd
Glance View

Komatsu Ltd., founded in Japan in 1921, has evolved from a small repair shop to a global titan in the field of heavy equipment and industrial machinery. Originally part of the Takeuchi Mining Company, Komatsu carved its own path by developing its machinery, gradually expanding its portfolio beyond mining equipment to include a comprehensive array of construction, forestry, and industrial equipment. The company’s commitment to innovation and quality has anchored its reputation, enabling it to traverse the turbulent economic landscapes of the 20th century and emerge as a leader in equipment manufacturing. Today, Komatsu operates globally, with manufacturing plants in multiple continents, offering a range of products such as hydraulic excavators, bulldozers, and forklifts. These machines are best known for their durability and technological advances, which frequently incorporate automation and sustainability-focused features. Revenue generation at Komatsu is multifaceted. Primarily, it stems from the sale of heavy machinery, which is used across varied sectors such as construction, mining, agriculture, and forestry. However, it's not just the large upfront sales that drive Komatsu's financial engine. The company has cultivated a robust after-sales service network that includes maintenance, repair services, and spare parts supply, establishing steady revenue streams that persist long after the initial sale. Furthermore, Komatsu invests heavily in research and development, reflecting a commitment to innovation that not only enhances product offerings but also creates additional value through revenue-sharing technologies like automated systems and IoT solutions embedded in their machinery. This diversified approach enables Komatsu to navigate the challenges of fluctuating market demands and economic conditions, maintaining its position as a pillar in the heavy machinery industry.

Intrinsic Value
5 255.82 JPY
Overvaluation 25%
Intrinsic Value
Price ¥6 970
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