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Fan Communications Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fan Communications and similar public comparables like i-mobile Co., Cheetah Mobile, Eva Live, AnyMind Group and more.
Fan Communications Overview
About Fan Communications
Fan Communications Inc is a Japanese Internet marketing company. The company is developing Internet advertising-related businesses. It has its own media operation and advertising agency and is mainly involved in Internet-based performance marketing ad network services. Its product and services are divided into cost per action ad network business (affiliate advertising, smartphone app install advertising) and cost per click/targeting ad network business (smartphone and network, behavioral targeting supply-side platforms).
Founded
1999
HQ

Employees
518
Website
Financials (LTM)
EV
$104M
Fan Communications Financials
Fan Communications reported last 12-month revenue of $46M.
In the same LTM period, Fan Communications generated $8M in net income.
Revenue (LTM)
Fan Communications P&L
In the most recent fiscal year, Fan Communications reported revenue of $44M and EBITDA of $11M.
Fan Communications expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $46M | XXX | $44M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $37M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 85% | XXX | XXX | XXX |
| EBITDA | — | XXX | $11M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 26% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $8M | XXX | $9M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 20% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fan Communications Stock Performance
Fan Communications has current market cap of $197M, and enterprise value of $104M.
Market Cap Evolution
Fan Communications' stock price is $2.97.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $104M | $197M | (0.4%) | XXX | XXX | XXX | $0.14 |
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Start Free TrialFan Communications Valuation Multiples
Fan Communications trades at 2.3x EV/Revenue multiple, and 9.3x EV/EBITDA.
EV / Revenue (LTM)
Fan Communications Financial Valuation Multiples
As of March 11, 2026, Fan Communications has market cap of $197M and EV of $104M.
Equity research analysts estimate Fan Communications' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fan Communications has a P/E ratio of 23.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $197M | XXX | $197M | XXX | XXX | XXX |
| EV (current) | $104M | XXX | $104M | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 9.3x | XXX | XXX | XXX |
| EV/EBIT | 8.2x | XXX | 10.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.8x | XXX | XXX | XXX |
| P/E | 23.2x | XXX | 21.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 15.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fan Communications 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.


Fan Communications Margins & Growth Rates
Fan Communications' revenue in the last fiscal year grew by 5%.
Fan Communications' revenue per employee in the last FY averaged $0.1M.
Fan Communications Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 26% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (19%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 62% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fan Communications Public Comps
See public comps and valuation multiples for other AdTech Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| i-mobile Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Cheetah Mobile | XXX | XXX | XXX | XXX | XXX | XXX |
| Eva Live | XXX | XXX | XXX | XXX | XXX | XXX |
| AnyMind Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Viant | 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.
Fan Communications M&A Activity
Fan Communications acquired XXX companies to date.
Last acquisition by Fan Communications was on XXXXXXXX, XXXXX. Fan Communications acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fan Communications
| 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 TrialFan Communications Investment Activity
Fan Communications invested in XXX companies to date.
Fan Communications made its latest investment on XXXXXXXX, XXXXX. Fan Communications invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fan Communications
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAbout Fan Communications
| When was Fan Communications founded? | Fan Communications was founded in 1999. |
| Where is Fan Communications headquartered? | Fan Communications is headquartered in Japan. |
| How many employees does Fan Communications have? | As of today, Fan Communications has over 518 employees. |
| Is Fan Communications publicly listed? | Yes, Fan Communications is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Fan Communications? | Fan Communications trades under 2461 ticker. |
| When did Fan Communications go public? | Fan Communications went public in 2013. |
| Who are competitors of Fan Communications? | Fan Communications main competitors are i-mobile Co., Cheetah Mobile, Eva Live, AnyMind Group. |
| What is the current market cap of Fan Communications? | Fan Communications' current market cap is $197M. |
| What is the current revenue of Fan Communications? | Fan Communications' last 12 months revenue is $46M. |
| What is the current revenue growth of Fan Communications? | Fan Communications revenue growth (vs. last FY) is 5%. |
| What is the current EV/Revenue multiple of Fan Communications? | Current revenue multiple of Fan Communications is 2.3x. |
| Is Fan Communications profitable? | Yes, Fan Communications is net-income-positive (as of the last 12 months). |
| What is the current net income of Fan Communications? | Fan Communications' last 12 months net income is $8M. |
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