Nihon Kohden Corp
TSE:6849

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Nihon Kohden Corp
TSE:6849
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Price: 1 448 JPY -1.36%
Market Cap: ¥247.6B

EV/EBITDA

8.9
Current
15%
Cheaper
vs 3-y average of 10.5

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

EV/EBITDA
8.9
=
Enterprise Value
¥258.9B
/
EBITDA
¥24.3B

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

EV/EBITDA
8.9
=
Enterprise Value
¥258.9B
/
EBITDA
¥24.3B

Valuation Scenarios

Nihon Kohden Corp is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (10.5), the stock would be worth ¥1 709.12 (18% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-50%
Maximum Upside
+18%
Average Downside
11%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.9 ¥1 448
0%
3-Year Average 10.5 ¥1 709.12
+18%
5-Year Average 4.4 ¥718.01
-50%
Industry Average 8.3 ¥1 345.46
-7%
Country Average 8.7 ¥1 407.71
-3%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥258.9B
/
Jan 2026
¥24.3B
=
8.9
Current
¥258.9B
/
Mar 2026
¥26.1B
=
9.9
Forward
¥258.9B
/
Mar 2027
¥29.4B
=
8.8
Forward
¥258.9B
/
Mar 2028
¥32.1B
=
8.1
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
JP
Nihon Kohden Corp
TSE:6849
235.1B JPY 8.9 19
US
Abbott Laboratories
NYSE:ABT
159.2B USD 13.8 25.4
US
Intuitive Surgical Inc
NASDAQ:ISRG
171.7B USD 45.6 60.1
US
Stryker Corp
NYSE:SYK
126B USD 19.9 38.8
IE
Medtronic PLC
NYSE:MDT
106.8B USD 12.9 23.2
US
Boston Scientific Corp
NYSE:BSX
96.2B USD 19.7 33.2
DE
Siemens Healthineers AG
XETRA:SHL
41.6B EUR 10.9 19.4
US
Edwards Lifesciences Corp
NYSE:EW
47.3B USD 24 44.1
US
IDEXX Laboratories Inc
NASDAQ:IDXX
46.1B USD 30.8 43.5
US
Becton Dickinson and Co
NYSE:BDX
44.3B USD 10 25.2
US
GE Healthcare Technologies Inc
NASDAQ:GEHC
32.5B USD 11.3 15.6

Market Distribution

In line with most companies in Japan
Percentile
52st
Based on 5 051 companies
52st percentile
8.9
Low
0.1 — 6.7
Typical Range
6.7 — 12.2
High
12.2 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 6.7
Median 8.7
70th Percentile 12.2
Max 214 699 781.2

Nihon Kohden Corp
Glance View

Market Cap
247.6B JPY
Industry
Health Care

Nihon Kohden Corp., founded in 1951, has evolved into a pioneering force in the medical technology landscape, blending innovation with a storied heritage. This Tokyo-based firm established its foothold by developing advanced medical electronic devices, initially focusing on EEG (electroencephalography) machines. As medical science rapidly advanced, Nihon Kohden expanded its portfolio to include a range of diagnostic and monitoring equipment. Today, the company's product line encompasses patient monitors, defibrillators, electrocardiographs, and clinical information systems, serving various healthcare domains. This focus on critical care and diagnostics creates consistent demand across global hospitals and clinics, reinforcing its reputation as a dependable partner in medical excellence. Financially, Nihon Kohden's business model thrives on a dual revenue structure: product sales and after-sales service. By manufacturing and distributing complex equipment directly and through a network of distributors, the company captures a significant share of initial capital expenditure in healthcare institutions. Furthermore, it enhances this income by offering ongoing equipment maintenance, training, and customer support, forming long-term relationships with healthcare providers. These services ensure not only a steady revenue stream beyond the initial sale but also brand loyalty and trust in an industry where precision and reliability are paramount. As it continues to innovate, Nihon Kohden's commitment to addressing the evolving needs of healthcare practitioners fortifies its market position and operational success.

Intrinsic Value
1 810.65 JPY
Undervaluation 20%
Intrinsic Value
Price ¥1 448
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