Ajinomoto Valuation Multiples

Ajinomoto Overview

About Ajinomoto

Ajinomoto was founded in 1909, and it began manufacturing the world’s first umami seasoning, MSG, made from amino acids. It has since grown to be one of the top manufacturers of sauces and seasonings and has diversified into frozen foods and the manufacture of other amino acid-based materials. Its sauces and seasonings are sold across Southeast Asia, Europe, and the Americas and are found in most supermarkets, making up approximately 60% of its revenue. The remaining 40% is roughly divided into the healthcare and others segment and the frozen food segment. Its healthcare and others segment also includes functional materials, which include an organic resin material, Ajinomoto Build-up Film, which is currently the industry standard for ABF substrates for semiconductors.

Founded

1925

HQ

Employees

43.4K

Website

ajinomoto.co.jp

Sectors

Food & Beverages

Financials (LTM)

Revenue: $10B

EBITDA: $2B

EV

$32B

Valuation Multiples

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Ajinomoto Financials

Ajinomoto reported last 12-month revenue of $10B and EBITDA of $2B.

In the same LTM period, Ajinomoto generated $4B in gross profit, $2B in EBITDA, and $784M in net income.

Ajinomoto P&L

In the most recent fiscal year, Ajinomoto reported revenue of $11B and EBITDA of $2B.

Ajinomoto expects next 12-month revenue of XXX and NTM EBITDA of XXX

Ajinomoto Stock Performance

Ajinomoto has current market cap of $30B, and enterprise value of $32B.

Ajinomoto's stock price is $31.06.

Ajinomoto Valuation Multiples

Ajinomoto trades at 3.2x EV/Revenue multiple, and 18.3x EV/EBITDA.

Ajinomoto Financial Valuation Multiples

As of March 19, 2026, Ajinomoto has market cap of $30B and EV of $32B.

Equity research analysts estimate Ajinomoto's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Ajinomoto has a P/E ratio of 38.1x.

Ajinomoto Margins & Growth Rates

Ajinomoto's revenue in the last 12 month grew by 6%.

Ajinomoto's revenue per employee in the last FY averaged $0.2M.

Ajinomoto's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Ajinomoto's rule of X is 32% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Ajinomoto Public Comps

See public comps and valuation multiples for other Food & Beverages comps.

Ajinomoto M&A Activity

Ajinomoto acquired XXX companies to date.

Last acquisition by Ajinomoto was on XXXXXXXX, XXXXX. Ajinomoto acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Ajinomoto Investment Activity

Ajinomoto invested in XXX companies to date.

Ajinomoto made its latest investment on XXXXXXXX, XXXXX. Ajinomoto invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).