# Maruwa Co., Ltd. (MAW.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Technology / Electronic Equipment, Instruments & Components. Price JPY 58470.00, market value JPY 721.5 billion.

## Valuation
- **P/E (trailing): 38.4×** (5-yr avg 23.9×, 3-yr avg 30.1×). Maruwa Co., Ltd. trades at 38.4× trailing earnings, well above its own five-year average of 23.9×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 9.4×**. Each dollar of revenue is priced at 9.4×.
- **Price / book: 4.8×**. The shares trade at 4.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 21.0×**. Enterprise value is 21.0× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.8%** (5-yr avg 2.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 53.0%**. Maruwa Co., Ltd. keeps 53.0% of revenue after the direct cost of what it sells.
- **Operating margin: 33.1%**. 33.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 24.4%**. 24.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.3%**. 12.3% on shareholders' equity is solid.
- **Return on invested capital: 21.8%**. Return on all capital, debt included, is 21.8%: comfortably above what that capital costs.
- **Return on assets: 11.5%**. Each dollar of assets produces 11.5% of profit.

## Growth
- **Revenue growth (1 yr): 3.7%** (3-yr 8.2%/yr, 5-yr 12.4%/yr). Revenue grew 3.7% over the last year, against 12.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -5.6%** (3-yr 6.5%/yr, 5-yr 21.2%/yr). Earnings per share fell 5.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Maruwa Co., Ltd. holds more cash than debt.
- **Current ratio: 6.95** (quick 5.85). Current assets cover the next year's liabilities 6.95 times.
- **Altman Z-score: 30.94**. A Z-score of 30.94 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.19%** (JPY 102.00 per share, trailing). Maruwa Co., Ltd. yields 0.19%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 7%**. 7% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 28.5%/yr** (1-yr 8.9%). The dividend has compounded at 28.5% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 0.2%**. Dividends plus net buybacks return 0.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): 14.3%** (YTD 27.6%, 3-mo -29.3%). The shares are up 14.3% over twelve months including dividends.
- **From 52-week high: -23.1%** (50.0% above the low). Trading 23% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 29**. An RSI of 29 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.08** (volatility 48%). Beta of 0.08 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MAW.L · Page: https://foliofundamentals.com/stocks/maw.l

Not investment advice.