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BASE Valuation Multiples
Discover revenue and EBITDA valuation multiples for BASE and similar public comparables like A2Z Cust2Mate, Commerce.com, 91APP, Netbay and more.
BASE Overview
About BASE
BASE Inc is engaged in the operation and development of web service planning. The company offers online shop opening service, shopping app, Fundraising Service, Online Payment Service, E-commerce website building platform, and ID Payment Service / Payment App.
Founded
2012
HQ
Employees
304
Website
Financials (LTM)
EV
$67M
BASE Financials
BASE reported last 12-month revenue of $143M and EBITDA of $12M.
In the same LTM period, BASE generated $12M in EBITDA and $12M in net income.
Revenue (LTM)
BASE P&L
In the most recent fiscal year, BASE reported revenue of $101M and EBITDA of ($241K).
BASE expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $143M | XXX | $101M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $45M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 45% | XXX | XXX | XXX |
| EBITDA | $12M | XXX | ($241K) | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | (0%) | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $12M | XXX | $2M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
BASE Stock Performance
BASE has current market cap of $232M, and enterprise value of $67M.
Market Cap Evolution
BASE's stock price is $2.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $67M | $232M | (0.4%) | XXX | XXX | XXX | $0.02 |
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Start Free TrialBASE Valuation Multiples
BASE trades at 0.5x EV/Revenue multiple, and 5.5x EV/EBITDA.
EV / Revenue (LTM)
BASE Financial Valuation Multiples
As of March 7, 2026, BASE has market cap of $232M and EV of $67M.
Equity research analysts estimate BASE's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
BASE has a P/E ratio of 19.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $232M | XXX | $232M | XXX | XXX | XXX |
| EV (current) | $67M | XXX | $67M | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 5.5x | XXX | (279.6x) | XXX | XXX | XXX |
| EV/EBIT | 5.7x | XXX | 13.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.5x | XXX | XXX | XXX |
| P/E | 19.4x | XXX | 107.6x | XXX | XXX | XXX |
| EV/FCF | 7.1x | XXX | 2.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified BASE 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.
BASE Margins & Growth Rates
BASE's revenue in the last 12 month grew by 26%.
BASE's revenue per employee in the last FY averaged $0.5M.
BASE's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
BASE's rule of X is 73% (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).
BASE Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 26% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Growth | 35% | XXX | (4835%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
BASE Public Comps
See public comps and valuation multiples for other E-commerce Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| A2Z Cust2Mate | XXX | XXX | XXX | XXX | XXX | XXX |
| Commerce.com | XXX | XXX | XXX | XXX | XXX | XXX |
| 91APP | XXX | XXX | XXX | XXX | XXX | XXX |
| Netbay | XXX | XXX | XXX | XXX | XXX | XXX |
| Platform Group | 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.
BASE M&A Activity
BASE acquired XXX companies to date.
Last acquisition by BASE was on XXXXXXXX, XXXXX. BASE acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by BASE
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialBASE Investment Activity
BASE invested in XXX companies to date.
BASE made its latest investment on XXXXXXXX, XXXXX. BASE invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by BASE
| 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 BASE
| When was BASE founded? | BASE was founded in 2012. |
| Where is BASE headquartered? | BASE is headquartered in Japan. |
| How many employees does BASE have? | As of today, BASE has over 304 employees. |
| Is BASE publicly listed? | Yes, BASE is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of BASE? | BASE trades under 4477 ticker. |
| When did BASE go public? | BASE went public in 2019. |
| Who are competitors of BASE? | BASE main competitors are A2Z Cust2Mate, Commerce.com, 91APP, Netbay. |
| What is the current market cap of BASE? | BASE's current market cap is $232M. |
| What is the current revenue of BASE? | BASE's last 12 months revenue is $143M. |
| What is the current revenue growth of BASE? | BASE revenue growth (NTM/LTM) is 26%. |
| What is the current EV/Revenue multiple of BASE? | Current revenue multiple of BASE is 0.5x. |
| Is BASE profitable? | Yes, BASE is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of BASE? | BASE's last 12 months EBITDA is $12M. |
| What is BASE's EBITDA margin? | BASE's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of BASE? | Current EBITDA multiple of BASE is 5.5x. |
| What is the current FCF of BASE? | BASE's last 12 months FCF is $9M. |
| What is BASE's FCF margin? | BASE's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of BASE? | Current FCF multiple of BASE is 7.1x. |
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