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Keyence

TYO:6861 · JP3236200006
Electronic Equipment, Instruments & ComponentsX-Large

360

36
Medium confidence — indicative
EV / EBIT40
Price / Owner Earnings29
Owner Earnings Yield52
Dividend Yield51
Price/Sales3
EV / Gross Profit22
Price/Book15
Returns on capital67
EBIT Margin100
Gross Profitability33
Cash Conversion20
Accruals16
Owner Earnings Margin98
Sales growth81
Profit Growth55
Long-Term EPS Growth53
Reinvestment10
Price momentum82
Debt load54
Refinancing59
Debt Payback100
Liquidity1
Analyst ratings67
Opinion Changes65
Price Target Upside59
Market mood85
Value Creation17/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Keyence generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryJapan
IndustryElectronic Equipment, Instruments & Components
SizeX-Large
TypePublic Company
ExchangeTSE
Founded1974
Employees5,166
Websitekeyence.co.jp
ISINJP3236200006
Last UpdateApr 2, 2026
Indices
Nikkei 225 (Japan)TOPIX 100 (Japan)
Themes
Image RecognitionProcess AutomationComputer VisionIndustrial AutomationSensorsDetectors, Sensors and MemsAutomotiveInformation TechnologyLogisticsManufacturingSoftware

Description

Keyence Corporation (Keyence) operates as a leading provider of automated sensor technologies and solutions that specializes in the development, manufacturing, and sales of exceptionally sophisticated electronic applied equipment. The company's prima…

Analysis

Hope premium

Keyence Corporation carries what we call a hope premium: an average business trading at an ambitious price.

The price is expensive. You pay 37.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 15% yearly growth; analysts expect 10%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is moderate and the balance sheet is uncertain. The company scores 17/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
32
2023202420252026

All-time high

59

Jan 2024

All-time low

32

Mar 2026

Average rank

43

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
3
1
1
1
Price/Earnings
19
5
6
1
Price/Book
15
6
3
5
Dividend Yield
51
26
15
9
Value (overall)
12
3
4
4

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →