Proprietary AI analyst is now available

Belc Valuation Multiples

Discover revenue and EBITDA valuation multiples for Belc and similar public comparables like 7-Eleven Philippines, almeera, Cosco Capital, Ghitha Holding and more.

Belc Overview

About Belc

Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on the Saitama prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities and processed food. Belc Co. Ltd also provides services to its stores including chain management and cleaning.


Founded

1959

HQ

Japan

Employees

6.6K

Website

belc.co.jp

Financials (LTM)

Revenue: $3B
Net Income: $79M

EV

$967M

Valuation Multiples

Start free trial

Valuation Multiples for 15K+ Public Comps

AdidasAirbnbAmazonCiscoCoca-ColaDellDropboxIBMIntelMcDonaldsNikeNVIDIASamsungSpotifyTeslaToyota
Browse Valuation Multiples

Belc Financials

Belc reported last 12-month revenue of $3B.

In the same LTM period, Belc generated $79M in net income.

Revenue (LTM)


Belc P&L

In the most recent fiscal year, Belc reported revenue of $3B and EBITDA of $163M.

Belc is profitable as of last fiscal year, with gross margin of 28%, EBITDA margin of 6%, and net margin of 3%.

See analyst estimates for Belc
LTMLast FY202320242025202620272028
Revenue$3B$3B$2B$2B$3B
Gross Profit-$742M$613M$673M$732M
Gross Margin-28%28%28%28%
EBITDA-$163M$135M$152M$162M
EBITDA Margin-6%6%6%6%
EBIT Margin4%4%4%4%4%
Net Profit$79M$80M$66M$76M$79M
Net Margin3%3%3%3%3%
Net Debt-$148M---

Financial data powered by Morningstar, Inc.

Belc Stock Performance

Belc has current market cap of $818M, and enterprise value of $967M.

Market Cap Evolution


Belc's stock price is $39.26.

Belc share price increased by 0.9% in the last 30 days, and decreased by 16.0% in the last year.

Belc has an EPS (earnings per share) of $3.83.

See more trading valuation data for Belc
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$967M$818M-0.8%0.9%-17.2%-16.0%$3.83

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.

Start Free Trial

Belc Valuation Multiples

Belc trades at 0.4x EV/Revenue multiple, and 5.9x EV/EBITDA.

See NTM and 2027E valuation multiples for Belc

EV / Revenue (LTM)


Belc Financial Valuation Multiples

As of June 17, 2026, Belc has market cap of $818M and EV of $967M.

Belc has a P/E ratio of 10.3x.

LTMLast FY202320242025202620272028
EV/Revenue0.4x0.4x0.4x0.4x0.4x
EV/EBITDA-5.9x7.1x6.4x6.0x
EV/EBIT8.6x8.6x10.7x9.3x8.7x
EV/Gross Profit-1.3x1.6x1.4x1.3x
P/E10.3x10.3x12.5x10.8x10.4x
EV/FCFn/m(83.6x)74.0x38.7x(111.6x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Belc 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.

FactSetMorningstar
Start Free Trial

Belc Margins & Growth Rates

Belc grew revenue by 4% and EBITDA by 8% in the last fiscal year.

In the most recent fiscal year, Belc reported gross margin of 28%, EBITDA margin of 6%, and net margin of 3%.

See estimated margins and future growth rates for Belc

Belc Margins

Last FY202420252026202720282029
Gross Margin28%28%28%28%
EBITDA Margin6%6%6%6%
EBIT Margin4%4%4%4%
Net Margin3%3%3%3%
FCF Margin(0%)1%(0%)1%

Belc Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth4%11%9%5%
Gross Profit Growth2%10%9%3%
EBITDA Growth8%12%7%8%
EBIT Growth1%15%7%3%
Net Profit Growth(2%)15%4%(0%)
FCF Growth(332%)91%(135%)(327%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Belc Operational KPIs

Belc's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Belc's Rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Belc's Rule of X is 20% (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).

Access forward-looking KPIs for Belc
Last FY202320242025202620272028
Rule of 4012%---
Bessemer Rule of X20%---
Revenue per Employee$0.4M---
Opex per Employee$0.1M---
Opex to Revenue24%24%24%24%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Belc Competitors

Belc competitors include 7-Eleven Philippines, almeera, Cosco Capital, Ghitha Holding, Natural Grocers, Krispy Kreme, Grocery Outlet Holding, MaxValu, Spar Group and Village Supermarket.

Most Belc public comparables operate across Supermarkets.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
7-Eleven Philippines0.6x29.2x5.3x-
almeera1.1x1.1x10.8x12.5x
Cosco Capital0.1x-1.1x-
Ghitha Holding0.7x-1.1x-
Natural Grocers0.8x0.7x10.6x9.8x
Krispy Kreme1.2x1.3x13.3x13.2x
Grocery Outlet Holding0.6x0.6x12.2x11.4x
MaxValu0.2x0.2x4.8x-

This data is available for Pro users. Sign up to see all Belc competitors and their valuation data.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

About Belc

When was Belc founded?Belc was founded in 1959.
Where is Belc headquartered?Belc is headquartered in Japan.
How many employees does Belc have?As of today, Belc has over 6K employees.
Is Belc publicly listed?Yes, Belc is a public company listed on Tokyo Stock Exchange.
What is the stock symbol of Belc?Belc trades under 9974 ticker.
When did Belc go public?Belc went public in 1994.
Who are competitors of Belc?Belc main competitors include 7-Eleven Philippines, almeera, Cosco Capital, Ghitha Holding, Natural Grocers, Krispy Kreme, Grocery Outlet Holding, MaxValu, Spar Group, Village Supermarket.
What is the current market cap of Belc?Belc's current market cap is $818M.
What is the current revenue of Belc?Belc's last 12 months revenue is $3B.
What is the current revenue growth of Belc?Belc revenue growth (NTM/LTM) is 4%.
What is the current EV/Revenue multiple of Belc?Current revenue multiple of Belc is 0.4x.
What is the current net income of Belc?Belc's last 12 months net income is $79M.
What is the current FCF of Belc?Belc's last 12 months FCF is ($106K).
What is Belc's FCF margin?Belc's last 12 months FCF margin is (0%).
What is the current EV/FCF multiple of Belc?Current FCF multiple of Belc is (9108.8x).
How many companies Belc has acquired to date?Belc hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Belc has invested to date?Belc hasn't invested in any companies yet (or none have been disclosed publicly).

See public comps similar to Belc

Lists including Belc

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial