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DeNA Valuation Multiples
Discover revenue and EBITDA valuation multiples for DeNA and similar public comparables like Modern Times Group, Suning.com, Embracer Group, Modivo and more.
DeNA Overview
About DeNA
DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.
Founded
1999
HQ

Employees
3.1K
Website
Financials (LTM)
EV
$1B
Valuation Multiples
Start free trialDeNA Financials
DeNA reported last 12-month revenue of $931M and EBITDA of $164M.
In the same LTM period, DeNA generated $502M in gross profit, $164M in EBITDA, and $121M in net income.
Revenue (LTM)
DeNA P&L
In the most recent fiscal year, DeNA reported revenue of $1B and EBITDA of $240M.
DeNA is profitable as of last fiscal year, with gross margin of 56%, EBITDA margin of 23%, and net margin of 15%.
Financial data powered by Morningstar, Inc.
DeNA Stock Performance
DeNA has current market cap of $2B, and enterprise value of $1B.
Market Cap Evolution
DeNA's stock price is $16.72.
DeNA share price increased by 5.5% in the last 30 days, and decreased by 4.6% in the last year.
DeNA has an EPS (earnings per share) of $1.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $2B | -0.0% | 5.5% | -0.2% | -4.6% | $1.48 |
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Start Free TrialDeNA Valuation Multiples
DeNA trades at 1.3x EV/Revenue multiple, and 7.1x EV/EBITDA.
EV / Revenue (LTM)
DeNA Financial Valuation Multiples
As of May 30, 2026, DeNA has market cap of $2B and EV of $1B.
DeNA has a P/E ratio of 14.2x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified DeNA 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.


DeNA Margins & Growth Rates
DeNA decreased revenue by 9% and EBITDA by 32% in the last fiscal year.
In the most recent fiscal year, DeNA reported gross margin of 56%, EBITDA margin of 23%, and net margin of 15%.
DeNA Margins
DeNA Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
DeNA Operational KPIs
DeNA's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
DeNA's Rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
DeNA's Rule of X is 7% (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).
Data powered by FactSet, Inc. and Morningstar, Inc.
DeNA Competitors
DeNA competitors include Modern Times Group, Suning.com, Embracer Group, Modivo, Webtoon, Ourpalm, YOOZOO Games, Weibo, E-MART and momo.com.
Most DeNA public comparables operate across Consumer E-commerce, E-Sports, Gaming - Mobile, Horizontal E-commerce, Social Networks and SportsTech.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 1.6x | 1.6x | 7.1x | 6.8x | |||
| 0.7x | 0.7x | 5.6x | 21.5x | |||
| 0.8x | 0.8x | 3.0x | 3.4x | |||
| 0.9x | 0.8x | 4.9x | 5.7x | |||
| 0.8x | 0.8x | 55.4x | 47.1x | |||
| 13.8x | - | (96.6x) | - | |||
| 7.1x | - | (107.3x) | - | |||
| 0.6x | 0.6x | 1.5x | 2.1x | |||
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DeNA M&A Activity
DeNA has acquired 4 companies to date.
Last acquisition by DeNA was on July 18th 2015. DeNA acquired MyAnimeList for undisclosed valuation.
Latest Acquisitions by DeNA
| Description | MyAnimeList is an online database and social network for anime and manga enthusiasts. Users maintain customizable lists of watched series and read titles, access reviews, and connect via forums. The platform hosts detailed entries on anime, manga, and industry personnel. | Find Travel is a Japan-based online service that generates customized travel itineraries and recommendations for users planning domestic and international trips. The platform draws from extensive databases of accommodations, attractions, and transportation options across Japan, including Tokyo, Kyoto, and Hokkaido. Users input preferences for budget, duration, and interests to receive detailed plans featuring hidden gems and seasonal events. | Iemo is a Tokyo-based online media platform curating 150,000 home goods and furniture items for interior design inspiration. Users access 15,000 stock images to build virtual room layouts and shopping lists from Japanese retailers like Muji and Nitori. The service features user-generated pages and trend articles on minimalist decor. Launched in 2013, Iemo attracts 10 million monthly visitors focused on urban housing solutions. | - |
| HQ Country | ||||
| HQ City | San Diego, CA | Tokyo | Tokyo | Tokyo |
| Deal Date | 18 Jul 2015 | 28 Feb 2015 | 1 Oct 2014 | 1 Oct 2014 |
| Valuation | undisclosed | undisclosed | $50M | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
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DeNA Investment Activity
DeNA has invested in 44 companies to date.
Latest investment by DeNA was on February 9th 2026. DeNA invested in Shizuku AI in their $15M Seed round (EV/Revenue multiple of ).
Latest Investments by DeNA
| Description | Shizuku is an open-source Android tool enabling apps to access privileged system APIs via ADB without root, supporting wireless debugging on Android 11 and later. | Neighbor is a Tokyo-based metaverse game studio that develops immersive experiences integrated with Fortnite's creative ecosystem. The company builds virtual worlds, events, and user-generated content islands accessible through Epic Games' platform, attracting millions of players for social hangouts and competitive modes. Active since 2021, Neighbor hosts branded activations and custom maps in Japan and globally via neighbor.gg. | Tane is a crypto builders incubator based in Zug, Switzerland, focused on Web3 projects. The company accelerates development through funding, technical expertise, and mentorship drawn from its portfolio of web applications and blockchain investments. Tane supports startups in decentralized finance, NFTs, and infrastructure, fostering collaborations within the global crypto ecosystem. | ALGO ARTIS is a software firm delivering optimization tools for refinery operations, tank scheduling, vessel allocation, and supply chain logistics. The company's algorithms minimize costs and emissions in petrochemical plants through real-time planning and simulation models. | |
| HQ Country | |||||
| HQ City | - | Tokyo | Dubai | Tokyo | |
| Deal Date | 9 Feb 2026 | 16 Nov 2023 | 27 Jan 2023 | 15 Sep 2021 | |
| Round | Seed | Seed | Seed | Series A | |
| Raised | $15M | $2M | $8M | $5M | |
| Investors | Andreessen Horowitz; DeNA | 01booster; DeNA; HAKOBUNE; Kensuke Furukawa; Kyoto University of the Arts; Shunsuke Oyu; Z Venture Capital | B Dash Ventures; Deepcore; DeNA; XTech Ventures | DeNA; K4 Ventures; Kansai Electric Power; Miyako Capital; UTEC-The University of Tokyo Edge Capital Partners | |
| Valuation | $75M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Start Free TrialAbout DeNA
| When was DeNA founded? | DeNA was founded in 1999. |
| Where is DeNA headquartered? | DeNA is headquartered in Japan. |
| How many employees does DeNA have? | As of today, DeNA has over 3K employees. |
| Who is the CEO of DeNA? | DeNA's CEO is Shingo Okamura. |
| Is DeNA publicly listed? | Yes, DeNA is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of DeNA? | DeNA trades under 2432 ticker. |
| When did DeNA go public? | DeNA went public in 2005. |
| Who are competitors of DeNA? | DeNA main competitors include Modern Times Group, Suning.com, Embracer Group, Modivo, Webtoon, Ourpalm, YOOZOO Games, Weibo, E-MART, momo.com. |
| What is the current market cap of DeNA? | DeNA's current market cap is $2B. |
| What is the current revenue of DeNA? | DeNA's last 12 months revenue is $931M. |
| What is the current revenue growth of DeNA? | DeNA revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of DeNA? | Current revenue multiple of DeNA is 1.3x. |
| What is the current EBITDA of DeNA? | DeNA's last 12 months EBITDA is $164M. |
| What is DeNA's EBITDA margin? | DeNA's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of DeNA? | Current EBITDA multiple of DeNA is 7.1x. |
| What is the current FCF of DeNA? | DeNA's last 12 months FCF is $159M. |
| What is DeNA's FCF margin? | DeNA's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of DeNA? | Current FCF multiple of DeNA is 7.3x. |
| How many companies DeNA has acquired to date? | As of May 2026, DeNA has acquired 4 companies. |
| What was the largest acquisition by DeNA? | $50M acquisition of Iemo on 1st October 2014 was the largest M&A DeNA has done to date. |
| What companies DeNA acquired? | DeNA acquired Iemo, Find Travel, MyAnimeList, and peroli. |
| In how many companies DeNA has invested to date? | As of May 2026, DeNA has invested in 44 companies. |
| What was the last DeNA investment? | On 9th February 2026 DeNA invested in Shizuku AI, participating in a $15M Seed round at $75M valuation, alongside Andreessen Horowitz. |
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