# Ricoh Company, Ltd. (RICO.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Commercial Services & Supplies. Price JPY 1654.00, market value JPY 925.7 billion.

## Valuation
- **P/E (trailing): 16.9×** (5-yr avg 16.4×, 3-yr avg 17.0×). Ricoh Company, Ltd. trades at 16.9× trailing earnings, close to its own five-year average of 16.4×. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 6.0×**. Enterprise value is 6.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.8%** (5-yr avg 5.7%). Free cash flow equals 11.8% of the market value, above its five-year average of 5.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.9%**. The inverse of the P/E: 5.9% of the price is earned each year.

## Profitability
- **Gross margin: 34.1%**. Ricoh Company, Ltd. keeps 34.1% of revenue after the direct cost of what it sells.
- **Operating margin: 2.9%**. 2.9% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 2.1%**. 2.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.8%**. 4.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.2%**. Return on all capital, debt included, is 3.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.2%**. Each dollar of assets produces 2.2% of profit.

## Growth
- **Revenue growth (1 yr): 3.2%** (3-yr 6.9%/yr, 5-yr 9.2%/yr). Revenue grew 3.2% over the last year, against 9.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 25.1%** (3-yr 3.5%/yr). Earnings per share rose 25.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.45**. Debt is 0.45 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.5×**. It would take 1.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 7.0×**. Operating profit covers interest 7.0× over, a safe margin.
- **Current ratio: 1.49** (quick 1.12). Current assets cover the next year's liabilities 1.49 times.
- **Altman Z-score: 2.38**. A Z-score of 2.38 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 2.60%** (JPY 40.00 per share, trailing). Ricoh Company, Ltd. yields 2.60%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 40%** (20% of free cash flow). 40% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 13.7%/yr** (1-yr 5.4%). The dividend has compounded at 13.7% a year over five years, doubling roughly every 5 years at that pace.
- **Shareholder yield: 2.6%**. Dividends plus net buybacks return 2.6% of the market value a year.

## Price and momentum
- **Total return (1 yr): 33.3%** (YTD 24.8%, 3-mo 11.8%). The shares are up 33.3% over twelve months including dividends.
- **From 52-week high: -2.5%** (29.1% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 0.15** (volatility 29%). Beta of 0.15 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.