Yamaha
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202720282029
Price/Earnings ratio
0.030.020.020.02
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$211.70$237.57$223.63$236.02

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
5.476.614.135.388.387.0913.388.327.6618.6916.908.38
Price/Sales ratio
0.310.490.470.670.770.590.950.750.641.191.160.77
Price/Book Value ratio
0.390.710.520.750.940.750.890.740.641.081.040.94
Price/Cash Flow ratio
4.305.094.936.169.524.296.118.61-19.7012.6411.939.52
Price/Free Cash Flow ratio
7.116.977.4611.9322.066.697.8014.43-8.2226.4924.7322.06
Price/Earnings Growth ratio
0.610.210.080.31-0.35-0.57-0.600.192.11-0.25-0.00-0.35
Dividend Yield
4.67%3.63%5.05%3.45%3.11%4.59%3.25%3.70%3.87%2.14%4.44%3.11%
Profitability Indicator Ratios
Gross Profit Margin
37.44%39.18%40.04%39.81%40.12%39.43%37.03%36.69%36.77%36.96%37.70%39.43%
Operating Profit Margin
6.97%9.33%10.85%11.27%12.14%11.19%10.92%10.54%10.16%6.26%7.74%11.19%
Pretax Profit Margin
6.60%9.54%10.50%17.20%13.00%11.40%9.95%12.99%11.19%8.12%8.79%11.40%
Net Profit Margin
5.76%7.49%11.44%12.55%9.28%8.35%7.14%9.12%8.45%6.40%6.94%8.35%
Effective Tax Rate
11.98%21.37%-9.27%26.91%28.48%26.51%28.01%29.54%24.47%20.86%20.68%26.51%
Return on Assets
4.70%6.94%8.94%9.84%7.81%7.30%4.77%6.41%6.42%4.44%4.80%7.30%
Return On Equity
7.20%10.82%12.79%14.06%11.26%10.63%6.72%8.96%8.35%5.80%6.49%10.63%
Return on Capital Employed
6.71%10.31%10.07%10.84%12.69%12.36%8.91%9.46%9.19%5.16%6.28%12.36%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3.70N/A
Quick Ratio
1.972.162.171.911.811.712.021.932.021.941.961.81
Cash ratio
0.971.121.211.150.950.931.281.361.090.960.980.95
Days of Sales Outstanding
50.9340.0444.4846.60N/A51.1656.1553.6650.4158.4964.7464.74
Days of Inventory outstanding
118.51126.60138.88131.84141.74145.57150.59167.58196.39205.33218.01141.74
Operating Cycle
169.44166.65183.36178.45141.74196.73206.74221.25246.80263.83282.76141.74
Days of Payables Outstanding
78.4377.9692.1491.1883.5377.0888.5389.2524.1521.5876.3477.08
Cash Conversion Cycle
91.0188.6891.2187.2658.20119.65118.20132.00222.65242.25206.4158.20
Debt Ratios
Debt Ratio
0.020.010.020.020.060.020.010.010.000.000.000.02
Debt Equity Ratio
0.030.020.030.020.090.030.020.020.000.000.000.03
Long-term Debt to Capitalization
0.000.000.00N/A0.04N/A0.00N/A0.00N/AN/AN/A
Total Debt to Capitalization
0.030.020.020.020.080.030.020.020.000.000.000.03
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A10.35N/A
Cash Flow to Debt Ratio
2.674.983.484.251.075.276.953.42-9.9244.18256.371.07
Company Equity Multiplier
1.531.551.431.421.441.451.401.391.301.301.281.45
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.090.090.100.080.130.150.08-0.030.090.090.08
Free Cash Flow / Operating Cash Flow Ratio
0.600.730.660.510.430.640.780.592.390.470.470.43
Cash Flow Coverage Ratio
2.674.983.484.251.075.276.953.42-9.9244.18256.371.07
Short Term Coverage Ratio
2.695.023.494.252.425.277.293.42-9.9644.18256.372.42
Dividend Payout Ratio
25.62%24.02%20.90%18.61%26.14%32.56%43.59%30.86%29.65%40.04%38.03%26.14%