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BASE Valuation Multiples

Discover revenue and EBITDA valuation multiples for BASE and similar public comparables like Intershop Communications, Locaweb, and Infracommerce Caxaas.

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

Japan
Employees

304

Website

binc.jp

Financials

Last FY Revenue $102M

Last FY EBITDA -$0.2M

EV

$104M

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BASE Financials

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BASE P&L

In the most recent fiscal year, BASE reported revenue of $102M and EBITDA of -$0.2M.

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

See BASE valuation multiples based on analyst estimates
NTM Last FY FY 2026 FY 2027 FY 2028
Revenue XXX $102M XXX XXX XXX
Gross Profit XXX $45.7M XXX XXX XXX
Gross Margin XXX 45% XXX XXX XXX
EBITDA XXX -$0.2M XXX XXX XXX
EBITDA Margin XXX 0% XXX XXX XXX
EBIT XXX $4.9M XXX XXX XXX
EBIT Margin XXX 5% XXX XXX XXX
Net Profit XXX $2.2M XXX XXX XXX
Net Margin XXX 2% XXX XXX XXX
Net Debt XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

BASE Stock Performance

BASE has current market cap of JPY 37.7B (or $241M), and EV of JPY 16.4B (or $104M).

Market Cap Evolution

BASE Stock Data

As of January 16, 2026, BASE's stock price is JPY 328 (or $2).

See BASE trading valuation data
EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$104M $241M XXX XXX XXX XXX n/a

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BASE Valuation Multiples

BASE's trades at 1.0x EV/Revenue multiple, and -430.9x EV/EBITDA.

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BASE Financial Valuation Multiples

As of January 16, 2026, BASE has market cap of $241M and EV of $104M.

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

BASE's P/E ratio is not available.

LTM NTM Last FY FY 2026 FY 2027 FY 2028
Market cap (current) $241M XXX $241M XXX XXX XXX
EV (current) $104M XXX $104M XXX XXX XXX
EV/Revenue n/a XXX 1.0x XXX XXX XXX
EV/EBITDA n/a XXX -430.9x XXX XXX XXX
EV/EBIT n/a XXX 21.2x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E n/a XXX 111.0x XXX XXX XXX
EV/FCF n/a XXX 4.5x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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BASE Margins & Growth Rates

BASE's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

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

BASE's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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BASE Operational Valuation Multiples

LTM NTM Last FY FY 2026 FY 2027 FY 2028
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 40% XXX XXX XXX

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BASE Public Comps

See public comps and valuation multiples for E-commerce Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Netbay XXX XXX XXX XXX XXX XXX
Infracommerce Caxaas XXX XXX XXX XXX XXX XXX
Locaweb XXX XXX XXX XXX XXX XXX
Intershop Communications XXX XXX XXX XXX XXX XXX
QPR Software 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 and Investment Activity

BASE acquired  XXX companies to date.

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

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Latest Acquisitions by BASE

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About 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 304 employees.
Is BASE publicy listed? Yes, BASE is a public company listed on TKS.
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? Similar companies to BASE include e.g. Netbay, Infracommerce Caxaas, Locaweb, Intershop Communications.
What is the current market cap of BASE? BASE's current market cap is $241M
Is BASE profitable? Yes, BASE is EBITDA-positive (as of the last 12 months).

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