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Freee Valuation Multiples
Discover revenue and EBITDA valuation multiples for Freee and similar public comparables like Inspur, Hangzhou Anysoft, Asseco Business Solutions, Koal Software and more.
Freee Overview
About Freee
Freee KK is a developer of cloud-based software. Its software products include Cloud Accounting software, Cloud HR Labor software, Cloud ERP for Midsize companies, among others.
Founded
2012
HQ
Employees
506
Website
Sectors
Financials (LTM)
EV
$775M
Freee Financials
Freee reported last 12-month revenue of $258M and EBITDA of $14M.
In the same LTM period, Freee generated $211M in gross profit, $14M in EBITDA, and $7M in net income.
Revenue (LTM)
Freee P&L
In the most recent fiscal year, Freee reported revenue of $226M and EBITDA of $9M.
Freee expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $258M | XXX | $226M | XXX | XXX | XXX |
| Gross Profit | $211M | XXX | $172M | XXX | XXX | XXX |
| Gross Margin | 82% | XXX | 76% | XXX | XXX | XXX |
| EBITDA | $14M | XXX | $9M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $7M | XXX | $9M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Freee Stock Performance
Freee has current market cap of $908M, and enterprise value of $775M.
Market Cap Evolution
Freee's stock price is $15.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $775M | $908M | 1.6% | XXX | XXX | XXX | $0.16 |
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Start Free TrialFreee Valuation Multiples
Freee trades at 3.0x EV/Revenue multiple, and 55.4x EV/EBITDA.
EV / Revenue (LTM)
Freee Financial Valuation Multiples
As of April 18, 2026, Freee has market cap of $908M and EV of $775M.
Equity research analysts estimate Freee's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Freee has a P/E ratio of 136.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $908M | XXX | $908M | XXX | XXX | XXX |
| EV (current) | $775M | XXX | $775M | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 55.4x | XXX | 86.9x | XXX | XXX | XXX |
| EV/EBIT | 74.6x | XXX | 60.6x | XXX | XXX | XXX |
| EV/Gross Profit | 3.7x | XXX | 4.5x | XXX | XXX | XXX |
| P/E | 136.7x | XXX | 97.8x | XXX | XXX | XXX |
| EV/FCF | 74.9x | XXX | 1569.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Freee 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.
Freee Margins & Growth Rates
Freee's revenue in the last 12 month grew by 20%.
Freee's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Freee's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Freee's rule of X is 74% (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).
Freee Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Growth | 137% | XXX | 71% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 50% | XXX | 53% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 11% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 15% | XXX | 14% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 74% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Freee Public Comps
See public comps and valuation multiples for other ERP Software and Financial Management Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Freee | XXX | XXX | XXX | XXX | XXX | XXX |
| Inspur | XXX | XXX | XXX | XXX | XXX | XXX |
| Hangzhou Anysoft | XXX | XXX | XXX | XXX | XXX | XXX |
| Asseco Business Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Koal Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Fujian Boss Software | 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.
Freee M&A Activity
Freee acquired XXX companies to date.
Last acquisition by Freee was on XXXXXXXX, XXXXX. Freee acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Freee
| 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 TrialFreee Investment Activity
Freee invested in XXX companies to date.
Freee made its latest investment on XXXXXXXX, XXXXX. Freee invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Freee
| 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 Freee
| When was Freee founded? | Freee was founded in 2012. |
| Where is Freee headquartered? | Freee is headquartered in Japan. |
| How many employees does Freee have? | As of today, Freee has over 506 employees. |
| Who is the CEO of Freee? | Freee's CEO is Daisuke Sasaki. |
| Is Freee publicly listed? | Yes, Freee is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Freee? | Freee trades under 4478 ticker. |
| When did Freee go public? | Freee went public in 2019. |
| Who are competitors of Freee? | Freee main competitors are Inspur, Hangzhou Anysoft, Asseco Business Solutions, Koal Software. |
| What is the current market cap of Freee? | Freee's current market cap is $908M. |
| What is the current revenue of Freee? | Freee's last 12 months revenue is $258M. |
| What is the current revenue growth of Freee? | Freee revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of Freee? | Current revenue multiple of Freee is 3.0x. |
| Is Freee profitable? | Yes, Freee is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Freee? | Freee's last 12 months EBITDA is $14M. |
| What is Freee's EBITDA margin? | Freee's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Freee? | Current EBITDA multiple of Freee is 55.4x. |
| What is the current FCF of Freee? | Freee's last 12 months FCF is $10M. |
| What is Freee's FCF margin? | Freee's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Freee? | Current FCF multiple of Freee is 74.9x. |
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