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Omron Corp6645.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Industrial Machinery

Maker of industrial automation sensors/controllers, healthcare devices (blood-pressure monitors) and electronic components.

≈ A smaller, more diversified Honeywell plus EmersonMomentum laggard 13
Mkt cap
$5.79B
US dollars, full cap
Free float
83%
of shares outstanding
$/day
$52.4M
20-day average traded
Fwd P/E
16.7×
forward earnings
ROIC−WACC
-5.7 pp
WACC 11.1%
Hurdle
+9 pp
Req g minus delivered
Next earnings
4 days
10 Nov 2026
Close · JPY¥4,644
1D-6.1%
1W-15.3%
1M-28.4%
3M-13.4%
6M-16.7%
YTD+18.6%
1Y+4.7%
ATR %5.3%
52w lowhigh35.9% off high

What Omron does

Maker of industrial automation sensors/controllers, healthcare devices (blood-pressure monitors) and electronic components.

Industrial automation, selling sensors, controllers and robots to factory builders, carries most of the company, and its sales rise and fall with factory investment; healthcare devices sold through retailers and pharmacies are a steadier second business. It bought US robot maker Adept in 2015.

In one line: A smaller, more diversified Honeywell plus Emerson.

Products and services

  • Industrial automation (sensors, PLCs, robots)
  • Healthcare (blood-pressure monitors, nebulizers)
  • Electronic/mechanical components
  • Social systems (traffic, ticket gates)

Customers

  • Factory automation OEMs
  • Consumer healthcare retailers
  • Railways/transit operators
  • Electronics manufacturers

Where it sits in the supply chain

  • Industrial automation + healthcare…
  • Sensors/controllers, medical devices
  • PLCs, sensors, BP monitors

What could go right

  • Factory automation demand
  • Aging-population home healthcare devices

What could go wrong

  • Industrial capex cycles
  • Consumer electronics competition

Moat: narrow (brand, distribution, installed base). Global #1 consumer blood-pressure monitor brand with an established industrial automation distribution network.

Headquarters: Kyoto, Japan · Founded: 1933 · Employees: 26,050

Named competitors

Omron at a glance

Size Omron (6645.T) is a Japan Information Technology company (Industrial Machinery) with a market value of $5.79B, the 211th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,644 on 6 Nov 2026.

Performance Over six months the shares fell 16.7%, against -27.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 14 in its peer set.

Growth Revenue fell 2.5% over the last twelve months (peer median +9.4%); the operating margin is 9.3% (peer median 16.5%).

Valuation It trades at 16.7× forward earnings against a peer median of 15.1× (6th most expensive of 13).

Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 5.7 points below its cost of capital (11.1% WACC).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010012011 May 202611 Aug 20266 Nov 20266645.T 83Peer median 69
Six months, rebased to 100: Omron against the median of its 13 peers (local-currency closes).

Omron financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥788B¥767B¥715B¥819B¥876B
Revenue growth—+7%-13%-7%—
Gross profit¥365B¥351B¥330B¥346B¥394B
EBITDA¥110B¥94.1B¥86.9B¥65.2B¥127B
Net income¥32.3B¥28.5B¥16.3B¥8.11B¥73.9B
Free cash flow¥63.2B¥7.81B¥6.79B-¥503M¥8.44B
Capital expenditure¥54.6B¥53.1B¥49.0B¥45.4B¥45.0B
Total debt¥273B¥241B¥178B¥173B¥45.4B

Quarterly statements and history in the cockpit →

Omron 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

-50%-25%0%+25%-50%-25%0%+25%BMIGPGI34367735KLICCXTACMRACLS042700039030UCTTENTG6645.T6-month return →1-month return →
Up and to the right = strong over both horizons. Omron is the large dot.

Fundamentals: revenue growth against valuation

-100%-50%0%+50%20×40×BMIGPGI7735KLICCXTACMRACLS042700039030UCTTENTG6645.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Omron is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%BMI7735KLICCXTACLS042700MKSI039030ENTG6645.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. Omron is the large dot.

Omron competitors and peer comparison

Head to head with its named competitors (6645.T vs 6861.T vs ROK vs SIE.DE)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Omron 6645.T$5.79B-17%-2%9%16.7×11.7%
Keyence 6861.T$107B-2%+25%54%28.7×21.1%
Rockwell Automation ROK$41.7B-17%+11%14%25.0×27.2%
Siemens SIE.DE$225B-4%+4%13%23.4×18.3%
Panasonic 6752.T$44.5B-6%+4%8%13.5×9.8%

How Omron 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.

Omron against its 13 peers (data as of 6 Nov 2026)
Measure6645.TPeer medianRank in peer set
1-month return-28.4%-29.6%7th highest of 14
6-month return-16.7%-27.7%5th highest of 14
Distance from 52-week high-35.9%-54.5%4th highest of 14
Revenue growth (TTM)-2.5%+9.4%4th lowest of 14
Operating margin9.3%16.5%3rd lowest of 13
Forward P/E16.7×15.1×6th most expensive of 13
Growth the price implies (Req g, 7 yrs)11.7%24.0%3rd least demanding of 10
Growth delivered (Del g)+3.2%+11.4%3rd lowest of 10
Hurdle (Req g minus delivered)+8.5 pp+14.8 pp3rd least demanding of 10
ROIC minus cost of capital-5.7 pp-3.6 pp5th lowest of 14
EV / EBITDA9.1×18.2×3rd cheapest of 13
Net debt / EBITDA0.4×-0.3×6th most indebted of 13

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
Omron 6645.TJapan$5.79B-17%-2%9%16.7×11.7%+3.2%
Badger Meter BMIUnited States$4.52B+33%-2%19%32.5×10.9%+16.6%
GPGI GPGIUnited States$4.12B+2%-100%n/a14.2×n/an/a
Sumco 3436.TJapan$3.96B-28%+4%-4%n/an/an/a
Screen 7735.TJapan$9.20B-24%+3%20%12.4×17.3%+13.6%
Kulicke and Soffa Industries, I KLICUnited States$3.35B-38%+44%13%10.9×24.4%+1.0%
Crane NXT CXTUnited States$3.31B+27%+17%16%12.6×7.8%-9.7%
ACM Research ACMRUnited States$3.11B-25%+27%13%16.0×n/an/a
Axcelis Technologies ACLSUnited States$3.06B-39%-3%10%17.8×31.2%+12.1%
HANMISemi 042700.KSSouth Korea$11.3B-56%-20%42%54.4×41.7%+17.5%
MKS MKSIUnited States$13.0B-39%+16%17%11.5×24.0%+11.0%
EO Technics 039030.KSSouth Korea$2.53B-39%+26%25%29.9×18.0%+3.2%
Ultra Clean UCTTUnited States$1.97B-53%+16%4%7.2×n/an/a
Entegris ENTGUnited States$19.6B-14%+9%19%23.7×26.3%+11.4%

Questions

Who are Omron's main competitors?
Named competitors: Keyence (6861.T), Rockwell Automation (ROK), Siemens (SIE.DE), Panasonic (6752.T). The cockpit's measured peer set (industry) also includes Badger Meter (BMI), GPGI (GPGI), Sumco (3436.T), Screen (7735.T), Kulicke and Soffa Industries, I (KLIC), Crane NXT (CXT).
Is Omron expensive compared with its peers?
On forward p/e it trades at 16.7× against a peer median of 15.1×, 6th most expensive of 13 in its peer set. For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Omron stock performed?
Over six months to 6 Nov 2026 the shares returned -16.7% against -27.7% for the median peer; over one year +4.7%.

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.