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Adways Valuation Multiples
Discover revenue and EBITDA valuation multiples for Adways and similar public comparables like Geniee, Teads Holding, Investor.bg, Zoomd and more.
Adways Overview
About Adways
Adways Inc engages in the provision of advertising services. It also deals with mobile applications and contents development for media advertising. Its operations include advertising business, applications and media business, overseas business. The advertising business covers primarily internet advertisements. The applications and media business develops and manages smartphone applications and media contents. The overseas business offers internet marketing services overseas.
Founded
2001
HQ

Employees
884
Website
Financials (LTM)
EV
$6M
Adways Financials
Adways reported last 12-month revenue of $79M.
In the same LTM period, Adways generated $2M in net income.
Revenue (LTM)
Adways P&L
In the most recent fiscal year, Adways reported revenue of $79M and EBITDA of $3M.
Adways expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $79M | XXX | $79M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $63M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 80% | XXX | XXX | XXX |
| EBITDA | — | XXX | $3M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 4% | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $2M | XXX | $2M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Adways Stock Performance
Adways has current market cap of $68M, and enterprise value of $6M.
Market Cap Evolution
Adways' stock price is $1.74.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6M | $68M | -1.0% | XXX | XXX | XXX | $0.04 |
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Start Free TrialAdways Valuation Multiples
Adways trades at 0.1x EV/Revenue multiple, and 2.1x EV/EBITDA.
EV / Revenue (LTM)
Adways Financial Valuation Multiples
As of April 14, 2026, Adways has market cap of $68M and EV of $6M.
Equity research analysts estimate Adways' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Adways has a P/E ratio of 41.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $68M | XXX | $68M | XXX | XXX | XXX |
| EV (current) | $6M | XXX | $6M | XXX | XXX | XXX |
| EV/Revenue | 0.1x | XXX | 0.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBIT | 3.1x | XXX | 3.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 0.1x | XXX | XXX | XXX |
| P/E | 41.6x | XXX | 41.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (1.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Adways Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Adways Margins & Growth Rates
Adways' revenue in the last fiscal year declined by (1%).
Adways' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Adways Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 4% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 3% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 77% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Adways Public Comps
See public comps and valuation multiples for other AdTech Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Adways | XXX | XXX | XXX | XXX | XXX | XXX |
| Geniee | XXX | XXX | XXX | XXX | XXX | XXX |
| Teads Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Investor.bg | XXX | XXX | XXX | XXX | XXX | XXX |
| Zoomd | XXX | XXX | XXX | XXX | XXX | XXX |
| ValueCommerce | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Adways M&A Activity
Adways acquired XXX companies to date.
Last acquisition by Adways was on XXXXXXXX, XXXXX. Adways acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Adways
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAdways Investment Activity
Adways invested in XXX companies to date.
Adways made its latest investment on XXXXXXXX, XXXXX. Adways invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Adways
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Adways
| When was Adways founded? | Adways was founded in 2001. |
| Where is Adways headquartered? | Adways is headquartered in Japan. |
| How many employees does Adways have? | As of today, Adways has over 884 employees. |
| Is Adways publicly listed? | Yes, Adways is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Adways? | Adways trades under 2489 ticker. |
| When did Adways go public? | Adways went public in 2006. |
| Who are competitors of Adways? | Adways main competitors are Geniee, Teads Holding, Investor.bg, Zoomd. |
| What is the current market cap of Adways? | Adways' current market cap is $68M. |
| What is the current revenue of Adways? | Adways' last 12 months revenue is $79M. |
| What is the current EV/Revenue multiple of Adways? | Current revenue multiple of Adways is 0.1x. |
| Is Adways profitable? | Yes, Adways is net-income-positive (as of the last 12 months). |
| What is the current net income of Adways? | Adways' last 12 months net income is $2M. |
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