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← CockpitCompetitor Analysis › 7242.T KYB CorporationOpen in the cockpit ↗

KYB Corporation7242.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Auto Parts: OEM

Maker of hydraulic shock absorbers and suspension systems for automobiles and construction machinery.

≈ A Japanese Tenneco/Monroe shocks makerMomentum leader 86
Mkt cap
$1.15B
US dollars, full cap
Free float
68%
of shares outstanding
$/day
$3.31M
20-day average traded
Fwd P/E
9.6×
forward earnings
ROIC−WACC
-0.5 pp
WACC 6.9%
Hurdle
-8 pp
Req g minus delivered
Next earnings
5 days
11 Nov 2026
Close · JPY¥4,720
1Dn/a
1W+1.0%
1M+0.3%
3M+23.2%
6M+10.0%
YTD+5.7%
1Y+18.4%
ATR %1.9%
52w lowhigh11.3% off high

What KYB does

Maker of hydraulic shock absorbers and suspension systems for automobiles and construction machinery.

Sells shock absorbers to carmakers for new vehicles, where it is chosen at the design stage and supplies for the model's life, and to the replacement market, where it sells through distributors. Its hydraulics division sells pumps, valves and cylinders to excavator makers.

In one line: A Japanese Tenneco/Monroe shocks maker.

Products and services

  • Automotive shock absorbers
  • Construction/industrial hydraulics
  • Aftermarket suspension parts

Customers

  • Global automakers
  • Construction equipment makers
  • Auto aftermarket

Where it sits in the supply chain

  • Consumer Discretionary
  • Auto parts
  • Suspension & hydraulic systems

What could go right

  • Global vehicle production and construction equipment demand

What could go wrong

  • Automotive/construction cyclicality
  • Past product-quality scandal reputational risk

Moat: narrow (scale, customer qualification). Established global shock-absorber manufacturing scale and OEM design-in relationships.

Headquarters: Tokyo, Japan · Founded: 1919 · Employees: 13,418

Named competitors

  • Tenneco (Monroe) private or unlisted
  • ZF Friedrichshafen (private) private or unlisted
  • Showa Corporation private or unlisted

KYB at a glance

Size KYB (7242.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.15B, the 679th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,720 on 6 Nov 2026.

Performance Over six months the shares gained 10.0%, against -12.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 20 in its peer set.

Growth Revenue grew 11.3% over the last twelve months (peer median +9.3%); the operating margin is 6.5% (peer median 6.5%).

Valuation It trades at 9.6× forward earnings against a peer median of 13.9× (5th cheapest of 15).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -8 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.5 points below its cost of capital (6.9% WACC).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 20267242.T 111Peer median 86
Six months, rebased to 100: KYB against the median of its 20 peers (local-currency closes).

KYB financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥494B¥482B¥438B¥443B¥431B
Revenue growth—+10%-1%+3%—
Gross profit¥102B¥97.9B¥82.6B¥81.3B¥85.2B
EBITDA¥51.6B¥49.0B¥39.1B¥39.9B¥50.4B
Net income¥25.2B¥29.0B¥14.9B¥15.8B¥27.2B
Free cash flow¥5.48B-¥2.81B¥26.8B¥15.2B¥12.3B
Capital expenditure¥20.5B¥22.3B¥17.0B¥24.6B¥11.6B
Total debt¥139B¥121B¥108B¥101B¥114B

Quarterly statements and history in the cockpit →

KYB 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%+50%6053190025167278001285204320301607SFQJST72963004732025000678ARBSKFINDUSDCHJBMA7242.T6-month return →1-month return →
Up and to the right = strong over both horizons. KYB is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%10×20×30×6053197278001285204320301607SFQJST0024347296300473ARBDCHADNT7242.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. KYB is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%6053190025167278204320301607SFQJST7296300473ARBADNT7242.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. KYB is the large dot.

KYB competitors and peer comparison

How KYB 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.

KYB against its 20 peers (data as of 6 Nov 2026)
Measure7242.TPeer medianRank in peer set
1-month return+0.3%-3.3%7th highest of 21
6-month return+10.0%-12.7%5th highest of 20
Distance from 52-week high-11.3%-30.6%5th highest of 21
Revenue growth (TTM)+11.3%+9.3%9th highest of 20
Operating margin6.5%6.5%11th highest of 21
Forward P/E9.6×13.9×5th cheapest of 15
Growth the price implies (Req g, 7 yrs)-0.4%2.0%6th least demanding of 13
Growth delivered (Del g)+8.0%+11.2%4th lowest of 12
Hurdle (Req g minus delivered)-8.4 pp-11.6 pp4th most demanding of 12
ROIC minus cost of capital-0.5 pp+0.9 pp9th lowest of 20
EV / EBITDA5.4×8.6×3rd cheapest of 11
Net debt / EBITDA1.6×1.9×6th least indebted of 12

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
KYB 7242.TJapan$1.15B+10%+11%6%9.6×-0.4%+8.0%
Wuxi Zhenhua Auto Parts 605319.SSChina$1.16B-18%+13%20%14.6×-4.7%+16.0%
Kuangda Technology 002516.SZChina$1.16B-13%+3%12%n/a9.3%+9.0%
Exedy 7278.TJapan$1.14B-17%0%7%11.3×-6.9%+6.0%
Guangzhou Ruili Kormee Automotive Electronic 001285.SZChina$1.14B-22%+21%14%17.4×n/an/a
Hl Mando 204320.KSSouth Korea$1.13B-43%+2%3%9.6×-19.9%+11.2%
Zhejiang EV-Tech 301607.SZChina$1.18B-7%+60%6%20.3×24.2%+35.3%
Saf-holland SFQ.DEGermany$1.11B+9%0%8%13.2×0.9%+12.6%
JOST Werke JST.DEGermany$1.11B+5%+32%7%10.8×3.0%+14.1%
Zhejiang Wanliyang 002434.SZChina$1.19B-13%-30%-10%15.5×n/an/a
F.C.C.Co 7296.TJapan$1.20B+20%+10%8%9.0×-7.1%+12.3%
Fuxin Dare Automotive Parts 300473.SZChina$1.10B+28%+21%5%33.5×20.8%+10.0%
Sichuan Chengfei Integration Technology 002190.SZChina$1.20B-24%+9%-1%n/an/an/a
NASN Intelligent Tech (Zhejiang) 2261.HKHong Kong$1.21Bn/a+57%-12%n/an/an/a
Ruifeng Power 2025.HKHong Kong$1.22B+29%+4%1%n/an/an/a
Xiangyang Automobile Bearing 000678.SZChina$1.22B+53%-3%-3%n/an/an/a
ARB ARB.AXAustralia$1.08B+1%-4%16%17.0×15.7%+2.4%
SKF India (Industrial) SKFINDUS.NSIndia$1.23B+9%n/a11%33.3×36.9%n/a
Dauch DCHUnited States$1.07B-32%+41%3%5.5×n/an/a
JBM Auto JBMA.NSIndia$1.24B-21%+16%9%n/an/an/a
Adient ADNTUnited States$1.26B-28%+4%3%6.1×-17.6%+2.1%

Questions

Who are KYB's main competitors?
Named competitors: Tenneco (Monroe) (private or unlisted), ZF Friedrichshafen (private) (private or unlisted), Showa Corporation (private or unlisted). The cockpit's measured peer set (industry) also includes Wuxi Zhenhua Auto Parts (605319.SS), Kuangda Technology (002516.SZ), Exedy (7278.T), Guangzhou Ruili Kormee Automotive Electronic (001285.SZ), Hl Mando (204320.KS), Zhejiang EV-Tech (301607.SZ).
Is KYB expensive compared with its peers?
On forward p/e it trades at 9.6× against a peer median of 13.9×, 5th cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -8 pp: the price already allows for a slowdown.
How has KYB stock performed?
Over six months to 6 Nov 2026 the shares returned +10.0% against -12.7% for the median peer; over one year +18.4%.

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.