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Belc Valuation Multiples
Discover revenue and EBITDA valuation multiples for Belc and similar public comparables like 7-Eleven Philippines, Ghitha Holding, Grocery Outlet Holding, Almunajem Foods 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

Employees
6.6K
Website
Sectors
Financials (LTM)
EV
$1B
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 $170M.
Belc expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $689M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 26% | XXX | XXX | XXX |
| EBITDA | — | XXX | $170M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $79M | XXX | $86M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $118M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Belc Stock Performance
Belc has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Belc's stock price is $48.65.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.1% | XXX | XXX | XXX | $4.11 |
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Start Free TrialBelc Valuation Multiples
Belc trades at 0.4x EV/Revenue multiple, and 6.8x EV/EBITDA.
EV / Revenue (LTM)
Belc Financial Valuation Multiples
As of March 19, 2026, Belc has market cap of $1B and EV of $1B.
Equity research analysts estimate Belc's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Belc has a P/E ratio of 12.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBIT | 10.4x | XXX | 9.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.7x | XXX | XXX | XXX |
| P/E | 12.8x | XXX | 11.8x | XXX | XXX | XXX |
| EV/FCF | (38.3x) | XXX | 43.3x | XXX | XXX | XXX |
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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.


Belc Margins & Growth Rates
Belc's revenue in the last 12 month grew by 7%.
Belc's revenue per employee in the last FY averaged $0.4M.
Belc Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 2% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Belc Public Comps
See public comps and valuation multiples for other Supermarkets comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| 7-Eleven Philippines | XXX | XXX | XXX | XXX | XXX | XXX |
| Ghitha Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Grocery Outlet Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Almunajem Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Spar 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.
Belc M&A Activity
Belc acquired XXX companies to date.
Last acquisition by Belc was on XXXXXXXX, XXXXX. Belc acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Belc
| 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 TrialBelc Investment Activity
Belc invested in XXX companies to date.
Belc made its latest investment on XXXXXXXX, XXXXX. Belc invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Belc
| 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 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 are 7-Eleven Philippines, Ghitha Holding, Grocery Outlet Holding, Almunajem Foods. |
| What is the current market cap of Belc? | Belc's current market cap is $1B. |
| 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 7%. |
| What is the current EV/Revenue multiple of Belc? | Current revenue multiple of Belc is 0.4x. |
| Is Belc profitable? | Yes, Belc is net-income-positive (as of the last 12 months). |
| 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 ($30M). |
| What is Belc's FCF margin? | Belc's last 12 months FCF margin is (1%). |
| What is the current EV/FCF multiple of Belc? | Current FCF multiple of Belc is (38.3x). |
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