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Elements Valuation Multiples
Discover revenue and EBITDA valuation multiples for Elements and similar public comparables like Rank One Computing, TAC Infosec, Enea, Gogolook and more.
Elements Overview
About Elements
Elements Inc is engaged in the development and provision of personal authentication solutions such as LIQUID eKYC, an online identity verification service, that utilizes biometrics, image analysis and machine learning technologies, as well as personal optimization solutions for clothing, food and shelter.
Founded
2013
HQ

Employees
N/A
Website
Financials (FY)
EV
$120M
Elements Financials
Elements reported last fiscal year revenue of $24M and negative EBITDA of ($4M).
In the same fiscal year, Elements generated $19M in gross profit, ($4M) in EBITDA losses, and had net loss of ($4M).
Elements P&L
In the most recent fiscal year, Elements reported revenue of $24M and EBITDA of ($4M).
Elements expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $24M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $19M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 77% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($4M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (16%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (6%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($4M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (18%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Elements Stock Performance
Elements has current market cap of $123M, and enterprise value of $120M.
Market Cap Evolution
Elements' stock price is $4.51.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $120M | $123M | -0.7% | XXX | XXX | XXX | $-0.16 |
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Start Free TrialElements Valuation Multiples
Elements trades at 4.9x EV/Revenue multiple, and (31.4x) EV/EBITDA.
Elements Financial Valuation Multiples
As of April 19, 2026, Elements has market cap of $123M and EV of $120M.
Equity research analysts estimate Elements' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Elements has a P/E ratio of (27.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $123M | XXX | $123M | XXX | XXX | XXX |
| EV (current) | $120M | XXX | $120M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (31.4x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (88.9x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.3x | XXX | XXX | XXX |
| P/E | — | XXX | (27.8x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (13.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Elements 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.


Elements Margins & Growth Rates
Elements' revenue in the last fiscal year grew by 47%.
Elements Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 47% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (16%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (552%) | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 83% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Elements Public Comps
See public comps and valuation multiples for other Cybersecurity comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Elements | XXX | XXX | XXX | XXX | XXX | XXX |
| Rank One Computing | XXX | XXX | XXX | XXX | XXX | XXX |
| TAC Infosec | XXX | XXX | XXX | XXX | XXX | XXX |
| Enea | XXX | XXX | XXX | XXX | XXX | XXX |
| Gogolook | XXX | XXX | XXX | XXX | XXX | XXX |
| Cyber Security Cloud | 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.
Elements M&A Activity
Elements acquired XXX companies to date.
Last acquisition by Elements was on XXXXXXXX, XXXXX. Elements acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Elements
| 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 TrialElements Investment Activity
Elements invested in XXX companies to date.
Elements made its latest investment on XXXXXXXX, XXXXX. Elements invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Elements
| 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 Elements
| When was Elements founded? | Elements was founded in 2013. |
| Where is Elements headquartered? | Elements is headquartered in Japan. |
| Is Elements publicly listed? | Yes, Elements is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Elements? | Elements trades under 5246 ticker. |
| When did Elements go public? | Elements went public in 2022. |
| Who are competitors of Elements? | Elements main competitors are Rank One Computing, TAC Infosec, Enea, Gogolook. |
| What is the current market cap of Elements? | Elements' current market cap is $123M. |
| What is the current revenue of Elements? | Elements' last fiscal year revenue is $24M. |
| What is the current EV/Revenue multiple of Elements? | Current revenue multiple of Elements is 4.9x. |
| Is Elements profitable? | No, Elements is not profitable. |
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