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- Asahi Group
Asahi Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Asahi Group and similar public comparables like Brown-Forman, Kirin Holdings, Eastroc Beverage, Budweiser APAC and more.
Asahi Group Overview
About Asahi Group
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry beer brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
Founded
1949
HQ

Employees
34.0K
Website
Sectors
Financials (LTM)
EV
$23B
Asahi Group Financials
Asahi Group reported last 12-month revenue of $18B and EBITDA of $3B.
In the same LTM period, Asahi Group generated $7B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
Asahi Group P&L
In the most recent fiscal year, Asahi Group reported revenue of $19B and EBITDA of $3B.
Asahi Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $18B | XXX | $19B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 37% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Asahi Group Stock Performance
Asahi Group has current market cap of $15B, and enterprise value of $23B.
Market Cap Evolution
Asahi Group's stock price is $10.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23B | $15B | -0.5% | XXX | XXX | XXX | $0.83 |
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Start Free TrialAsahi Group Valuation Multiples
Asahi Group trades at 1.3x EV/Revenue multiple, and 8.9x EV/EBITDA.
EV / Revenue (LTM)
Asahi Group Financial Valuation Multiples
As of April 11, 2026, Asahi Group has market cap of $15B and EV of $23B.
Equity research analysts estimate Asahi Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Asahi Group has a P/E ratio of 14.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 8.9x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 14.2x | XXX | 13.7x | XXX | XXX | XXX |
| EV/Gross Profit | 3.2x | XXX | 3.4x | XXX | XXX | XXX |
| P/E | 14.5x | XXX | 12.4x | XXX | XXX | XXX |
| EV/FCF | (27.8x) | XXX | 13.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Asahi Group 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.


Asahi Group Margins & Growth Rates
Asahi Group's revenue in the last 12 month grew by 7%.
Asahi Group's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Asahi Group's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Asahi Group's rule of X is 35% (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).
Asahi Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | (10%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 28% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 28% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Asahi Group Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Brown-Forman | XXX | XXX | XXX | XXX | XXX | XXX |
| Kirin Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Eastroc Beverage | XXX | XXX | XXX | XXX | XXX | XXX |
| Budweiser APAC | XXX | XXX | XXX | XXX | XXX | XXX |
| Carlsberg | 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.
Asahi Group M&A Activity
Asahi Group acquired XXX companies to date.
Last acquisition by Asahi Group was on XXXXXXXX, XXXXX. Asahi Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Asahi Group
| 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 TrialAsahi Group Investment Activity
Asahi Group invested in XXX companies to date.
Asahi Group made its latest investment on XXXXXXXX, XXXXX. Asahi Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Asahi Group
| 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 Asahi Group
| When was Asahi Group founded? | Asahi Group was founded in 1949. |
| Where is Asahi Group headquartered? | Asahi Group is headquartered in Japan. |
| How many employees does Asahi Group have? | As of today, Asahi Group has over 34K employees. |
| Who is the CEO of Asahi Group? | Asahi Group's CEO is Atsushi Katsuki. |
| Is Asahi Group publicly listed? | Yes, Asahi Group is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Asahi Group? | Asahi Group trades under 2502 ticker. |
| When did Asahi Group go public? | Asahi Group went public in 1949. |
| Who are competitors of Asahi Group? | Asahi Group main competitors are Brown-Forman, Kirin Holdings, Eastroc Beverage, Budweiser APAC. |
| What is the current market cap of Asahi Group? | Asahi Group's current market cap is $15B. |
| What is the current revenue of Asahi Group? | Asahi Group's last 12 months revenue is $18B. |
| What is the current revenue growth of Asahi Group? | Asahi Group revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Asahi Group? | Current revenue multiple of Asahi Group is 1.3x. |
| Is Asahi Group profitable? | Yes, Asahi Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Asahi Group? | Asahi Group's last 12 months EBITDA is $3B. |
| What is Asahi Group's EBITDA margin? | Asahi Group's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Asahi Group? | Current EBITDA multiple of Asahi Group is 8.9x. |
| What is the current FCF of Asahi Group? | Asahi Group's last 12 months FCF is ($836M). |
| What is Asahi Group's FCF margin? | Asahi Group's last 12 months FCF margin is (5%). |
| What is the current EV/FCF multiple of Asahi Group? | Current FCF multiple of Asahi Group is (27.8x). |
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