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← CockpitCompetitor Analysis › 2760.T Tokyo Electron Device LimitedOpen in the cockpit ↗

Tokyo Electron Device Limited2760.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Electronics Distributors
Momentum weak 20
Mkt cap
$676M
US dollars, full cap
Free float
54%
of shares outstanding
$/day
$8.10M
20-day average traded
Fwd P/E
8.7×
forward earnings
ROIC−WACC
+2.3 pp
WACC 9.3%
Hurdle
-1 pp
Req g minus delivered
Next earnings
84 days
29 Jan 2027
Close · JPY¥3,465
1D-5.1%
1W-20.5%
1M-27.8%
3M-14.4%
6M+0.3%
YTD+2.1%
1Y+17.9%
ATR %8.3%
52w lowhigh33.8% off high

What Tokyo Electron Device does

Employees: 1,408

Tokyo Electron Device at a glance

Size Tokyo Electron Device (2760.T) is a Japan Information Technology company (Electronics Distributors) with a market value of $676M, the 917th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,465 on 6 Nov 2026.

Performance Over six months the shares gained 0.3%, against +0.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 16.2% over the last twelve months (peer median +23.7%); the operating margin is 6.1% (peer median 3.5%).

Valuation It trades at 8.7× forward earnings against a peer median of 10.0× (3rd cheapest of 8).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.3 points above its cost of capital (9.3% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026Peer median 992760.T 99
Six months, rebased to 100: Tokyo Electron Device against the median of its 20 peers (local-currency closes).

Tokyo Electron Device financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥233B¥204B¥216B¥243B¥240B
Revenue growth—-6%-11%+1%—
Gross profit¥36.6B¥31.5B¥33.7B¥37.2B¥34.2B
EBITDA¥15.4B¥11.3B¥13.5B¥16.2B¥14.8B
Net income¥10.3B¥7.84B¥8.88B¥9.99B¥8.78B
Free cash flow¥2.20B¥15.4B¥17.4B-¥3.00M-¥12.4B
Capital expenditure¥510M¥381M¥1.76B¥903M¥270M
Total debt¥36.7B¥29.6B¥42.6B¥52.1B¥45.7B

Quarterly statements and history in the cockpit →

Tokyo Electron Device competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%0%167A30108580590400CLMB743330333015580012988084ABE1184002819SCSC31562737300050546A3010990321902760.T6-month return →1-month return →
Up and to the right = strong over both horizons. Tokyo Electron Device is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%10×15×20×80590400CLMBABESCSC31563010992760.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tokyo Electron Device is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%8059CLMB7433301558002819SCSC300050546A2760.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tokyo Electron Device is the large dot.

Tokyo Electron Device competitors and peer comparison

How Tokyo Electron Device compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Tokyo Electron Device against its 20 peers (data as of 6 Nov 2026)
Measure2760.TPeer medianRank in peer set
1-month return-27.8%-14.0%4th lowest of 21
6-month return+0.3%+0.7%11th highest of 21
Distance from 52-week high-33.8%-33.7%11th highest of 21
Revenue growth (TTM)+16.2%+23.7%9th lowest of 21
Operating margin6.1%3.5%3rd highest of 21
Forward P/E8.7×10.0×3rd cheapest of 8
Growth the price implies (Req g, 7 yrs)5.9%7.1%5th least demanding of 9
Growth delivered (Del g)+7.3%+5.6%5th highest of 9
Hurdle (Req g minus delivered)-1.4 pp-4.0 pp5th least demanding of 9
ROIC minus cost of capital+2.3 pp+1.2 pp9th highest of 20
EV / EBITDA8.9×n/a—
Net debt / EBITDA2.0×1.4×6th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Tokyo Electron Device 2760.TJapan$676M0%+16%6%8.7×5.9%+7.3%
Ryoyo Ryosan Holdings,Inc 167A.TJapan$676M+9%+7%3%n/an/an/a
Beijing Asiacom Information Technology 301085.SZChina$717M-21%+47%-4%n/an/an/a
Daiichi Jitsugyo 8059.TJapan$633M-2%-7%6%10.0×-19.3%+9.4%
IngDan 0400.HKHong Kong$629M+33%+81%3%11.2×n/an/a
Climb Global Solutions CLMBUnited States$741M+97%+24%4%19.3×13.1%+21.0%
Hakuto 7433.TJapan$598M+34%+8%4%n/a3.8%+1.8%
Weikeng Industrial 3033.TWTaiwan$596M-3%+19%3%n/an/an/a
SFC 301558.SZChina$793M-19%-8%4%n/a30.3%-3.2%
Shenzhen Best of Best 001298.SZChina$559M-38%+78%3%n/an/an/a
Ryoden 8084.TJapan$558M+45%+13%3%n/an/an/a
AB S.a. ABE.WAPoland$556M+3%+15%2%9.0×n/an/a
S.A.S. Dragon 1184.HKHong Kong$542M+16%+92%4%n/an/an/a
Beijing Oriental Jicheng 002819.SZChina$848M-27%+7%-3%n/a10.3%+23.4%
ScanSource SCSCUnited States$871M-7%+6%3%8.4×0.4%+0.5%
Restar 3156.TJapan$877M+60%+23%4%8.1×n/an/a
Tomen Devices 2737.TJapan$926M+41%+157%4%n/an/an/a
Dingli 300050.SZChina$478M-18%+24%8%n/a27.1%-15.4%
Miraini 546A.TJapan$470M+11%+32%3%n/a-1.0%+16.3%
Shanghai YCT Electronics 301099.SZChina$1.02B-17%+106%6%22.6×n/an/a
Daou Data 032190.KSSouth Korea$444M-32%+130%6%n/an/an/a

Questions

Which companies are Tokyo Electron Device's closest peers?
The cockpit's peer set: Ryoyo Ryosan Holdings,Inc (167A.T), Beijing Asiacom Information Technology (301085.SZ), Daiichi Jitsugyo (8059.T), IngDan (0400.HK), Climb Global Solutions (CLMB), Hakuto (7433.T), Weikeng Industrial (3033.TW), SFC (301558.SZ).
Is Tokyo Electron Device expensive compared with its peers?
On forward p/e it trades at 8.7× against a peer median of 10.0×, 3rd cheapest of 8 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has Tokyo Electron Device stock performed?
Over six months to 6 Nov 2026 the shares returned +0.3% against +0.7% for the median peer; over one year +17.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.