Circlace Overview
About Circlace
Circlace is a Japanese digital transformation consulting company headquartered in Tokyo and listed on the Tokyo Stock Exchange Growth Market. It began as the Salesforce support division of the staffing group Pasona and became independent as Pasona Tquila in 2012, adopting the Circlace name in 2020. Its consulting business covers business design, system construction, data utilisation, organisational reform and human resource development, with a focus on Salesforce implementations for large Japanese and multinational clients. It also operates AoraNow, a digital communication platform, and AGAVE, a service for managing human resources tasks of expatriate employees. The company earns revenue mainly from project-based consulting fees, supported by subscription fees for its own software services, and has recently added AI adoption support to its offering.
Founded
2012
HQ
Employees
356
Website
Financials (Last FY)
EV
$39M
Valuation Multiples
Start free trialCirclace Stock Performance
Circlace has current market cap of $39M, and enterprise value of $39M.
Circlace's stock price is $8.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39M | $39M | 27.2% | - | - | - | - |
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 TrialCirclace Valuation Multiples
Circlace Financial Valuation Multiples
As of October 27, 2026, Circlace has market cap of $39M and EV of $39M.
| LTM | Last FY | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Circlace 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.


Circlace Competitors
Circlace competitors include Dev Accelerator, White Pearl Technology, Insung Information, SysGroup, mySafety Group, Societe Maghrebine de Monetique, Arribatec Group, XBP Europe, Webstep and Ctac.
Most Circlace public comparables operate across IT Consulting and Business Consulting.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24M | $11M | 3.1x | - | 6.3x | - | |||
| $51M | $9M | 0.8x | 0.6x | 4.8x | 3.6x | |||
| $259M | ($655K) | 0.1x | - | (53.9x) | - | |||
| $30M | $66K | 1.2x | 1.2x | 551.5x | 15.8x | |||
| $33M | $8M | 1.3x | - | 5.2x | - | |||
| - | - | - | - | - | - | |||
| $62M | $7M | 0.6x | 0.6x | 5.1x | 4.8x | |||
| $873M | ($53M) | 0.5x | 0.5x | (8.2x) | 4.8x | |||
This data is available for Pro users. Sign up to see all Circlace 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 TrialAbout Circlace
| When was Circlace founded? | Circlace was founded in 2012. |
| Where is Circlace headquartered? | Circlace is headquartered in Japan. |
| How many employees does Circlace have? | As of today, Circlace has over 356 employees. |
| Is Circlace publicly listed? | Yes, Circlace is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Circlace? | Circlace trades under 5029 ticker. |
| When did Circlace go public? | Circlace went public in 2022. |
| Who are competitors of Circlace? | Circlace main competitors include Dev Accelerator, White Pearl Technology, Insung Information, SysGroup, mySafety Group, Societe Maghrebine de Monetique, Arribatec Group, XBP Europe, Webstep, Ctac. |
| What is the current market cap of Circlace? | Circlace's current market cap is $39M. |
| Is Circlace profitable? | No, Circlace is not profitable. |
| How many companies Circlace has acquired to date? | Circlace hasn't acquired any companies yet (or none have been disclosed publicly). |
| In how many companies Circlace has invested to date? | Circlace hasn't invested in any companies yet (or none have been disclosed publicly). |
See public comps similar to Circlace
Lists including Circlace
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




