Nikon
Financial ratios & Valuation

Forward Multiples (2026 – 2028)

202620272028
Price/Earnings ratio
0.080.070.06
Price/Sales ratio
N/AN/AN/A
Earnings per Share (EPS)
$111.33$133.95$162.43

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
34.3022.56161.2721.179.4549.38-11.0711.1310.8216.5817.859.45
Price/Sales ratio
0.730.800.851.020.880.640.840.880.770.750.800.64
Price/Book Value ratio
1.121.251.191.281.020.700.710.790.790.790.850.85
Price/Cash Flow ratio
8.836.286.575.889.1323.1376.9115.1632.42K17.5518.909.13
Price/Free Cash Flow ratio
12.869.209.558.2415.53-42.15-21.0663.15-14.73-22.09-23.66-42.15
Price/Earnings Growth ratio
-0.560.35-1.850.020.10-0.560.01-0.041.36-0.650.010.01
Dividend Yield
2.01%1.76%1.36%0.97%3.27%6.19%1.92%2.31%2.98%3.20%0.00%6.19%
Profitability Indicator Ratios
Gross Profit Margin
37.93%36.78%39.50%42.05%41.38%35.37%32.18%41.87%44.21%43.22%43.22%41.38%
Operating Profit Margin
5.06%5.09%7.81%8.95%9.15%2.76%-5.63%8.63%9.22%5.85%5.85%2.76%
Pretax Profit Margin
4.09%4.70%0.40%7.84%12.40%2.00%-10.48%10.35%8.67%5.94%5.60%2.00%
Net Profit Margin
2.14%3.56%0.52%4.84%9.38%1.30%-7.64%7.90%7.15%4.54%4.54%1.30%
Effective Tax Rate
47.60%24.02%-32.26%38.07%24.24%33.90%22.89%26.56%25.26%24.69%26.20%24.24%
Return on Assets
1.81%3.04%0.38%3.16%5.86%0.76%-3.48%4.10%4.27%2.83%2.83%0.76%
Return On Equity
3.28%5.58%0.73%6.06%10.79%1.42%-6.41%7.14%7.30%4.76%4.95%1.42%
Return on Capital Employed
6.55%6.65%8.65%9.06%8.63%2.41%-3.78%6.42%7.49%5.14%5.14%2.41%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.01N/A
Quick Ratio
1.171.111.281.331.421.301.381.511.221.151.091.30
Cash ratio
0.740.740.930.991.070.981.101.170.760.620.620.98
Days of Sales Outstanding
N/AN/A46.8753.2059.6654.2158.9661.2666.3871.2071.2059.66
Days of Inventory outstanding
186.66181.03177.47206.91222.62235.60281.23278.08288.85255.67255.67222.62
Operating Cycle
186.66181.03224.35260.11282.29289.81340.20339.34355.24326.88326.88282.29
Days of Payables Outstanding
86.1985.2190.88104.2684.7965.8072.3075.8370.8674.9774.9765.80
Cash Conversion Cycle
100.4795.82133.46155.84197.49224.01267.89263.51284.37251.90251.90197.49
Debt Ratios
Debt Ratio
0.110.110.130.110.110.120.130.120.120.140.140.11
Debt Equity Ratio
0.200.200.250.210.200.220.240.210.210.240.240.20
Long-term Debt to Capitalization
0.130.130.170.160.150.150.160.130.140.100.100.15
Total Debt to Capitalization
0.160.170.200.170.170.180.190.170.170.190.190.17
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A4.19N/A
Cash Flow to Debt Ratio
0.630.970.700.990.540.130.030.240.000.180.180.13
Company Equity Multiplier
1.801.831.891.911.841.861.841.731.701.671.671.86
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.080.120.120.170.090.020.010.050.000.040.040.02
Free Cash Flow / Operating Cash Flow Ratio
0.680.680.680.710.58-0.54-3.650.24-2.20K-0.79-0.79-0.54
Cash Flow Coverage Ratio
0.630.970.700.990.540.130.030.240.000.180.180.13
Short Term Coverage Ratio
2.494.054.1210.254.780.780.160.830.000.340.340.78
Dividend Payout Ratio
69.07%39.77%220.16%20.57%31.00%306.14%-21.30%25.83%32.31%53.14%53.14%31.00%