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Hikari Tsushin Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hikari Tsushin and similar public comparables like Smiths Group, SGH, Bosch, Koç Holding and more.
Hikari Tsushin Overview
About Hikari Tsushin
Hikari Tsushin Inc operates as a holding company engaged in diversified businesses through seven segments: Electricity and Gas, Telecommunications, Beverages, Insurance, Finance, Solutions, and Agency Sales. The group provides electricity and gas supply, communication services, natural mineral water, non-life insurance, and warranty services, as well as financial services such as microfinance, industry-specific solution platforms, and agency sales of various products from telecommunications carriers and manufacturers. It generates the majority of its revenue from the Electricity and Gas segment.
Founded
1988
HQ

Employees
4.9K
Website
Sectors
Financials (LTM)
EV
$15B
Hikari Tsushin Financials
Hikari Tsushin reported last 12-month revenue of $5B and EBITDA of $828M.
In the same LTM period, Hikari Tsushin generated $828M in EBITDA and $847M in net income.
Revenue (LTM)
Hikari Tsushin P&L
In the most recent fiscal year, Hikari Tsushin reported revenue of $5B and EBITDA of $1B.
Hikari Tsushin expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 46% | XXX | XXX | XXX |
| EBITDA | $828M | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $847M | XXX | $806M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hikari Tsushin Stock Performance
Hikari Tsushin has current market cap of $11B, and enterprise value of $15B.
Market Cap Evolution
Hikari Tsushin's stock price is $252.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $11B | 0.3% | XXX | XXX | XXX | $18.39 |
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Start Free TrialHikari Tsushin Valuation Multiples
Hikari Tsushin trades at 3.0x EV/Revenue multiple, and 17.7x EV/EBITDA.
EV / Revenue (LTM)
Hikari Tsushin Financial Valuation Multiples
As of April 20, 2026, Hikari Tsushin has market cap of $11B and EV of $15B.
Equity research analysts estimate Hikari Tsushin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hikari Tsushin has a P/E ratio of 13.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 17.7x | XXX | 12.9x | XXX | XXX | XXX |
| EV/EBIT | 20.1x | XXX | 20.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.8x | XXX | XXX | XXX |
| P/E | 13.0x | XXX | 13.7x | XXX | XXX | XXX |
| EV/FCF | (19.6x) | XXX | 36.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hikari Tsushin 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.


Hikari Tsushin Margins & Growth Rates
Hikari Tsushin's revenue in the last 12 month grew by 9%.
Hikari Tsushin's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.3M for the same period.
Hikari Tsushin's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hikari Tsushin's rule of X is 41% (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).
Hikari Tsushin Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | (28%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 32% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 32% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hikari Tsushin Public Comps
See public comps and valuation multiples for other Diversified Industrials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hikari Tsushin | XXX | XXX | XXX | XXX | XXX | XXX |
| Smiths Group | XXX | XXX | XXX | XXX | XXX | XXX |
| SGH | XXX | XXX | XXX | XXX | XXX | XXX |
| Bosch | XXX | XXX | XXX | XXX | XXX | XXX |
| Koç Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Barito Pacific | 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.
Hikari Tsushin M&A Activity
Hikari Tsushin acquired XXX companies to date.
Last acquisition by Hikari Tsushin was on XXXXXXXX, XXXXX. Hikari Tsushin acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hikari Tsushin
| 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 TrialHikari Tsushin Investment Activity
Hikari Tsushin invested in XXX companies to date.
Hikari Tsushin made its latest investment on XXXXXXXX, XXXXX. Hikari Tsushin invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hikari Tsushin
| 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 Hikari Tsushin
| When was Hikari Tsushin founded? | Hikari Tsushin was founded in 1988. |
| Where is Hikari Tsushin headquartered? | Hikari Tsushin is headquartered in Japan. |
| How many employees does Hikari Tsushin have? | As of today, Hikari Tsushin has over 4K employees. |
| Who is the CEO of Hikari Tsushin? | Hikari Tsushin's CEO is Yasumitsu Shigeta. |
| Is Hikari Tsushin publicly listed? | Yes, Hikari Tsushin is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Hikari Tsushin? | Hikari Tsushin trades under 9435 ticker. |
| When did Hikari Tsushin go public? | Hikari Tsushin went public in 1999. |
| Who are competitors of Hikari Tsushin? | Hikari Tsushin main competitors are Smiths Group, SGH, Bosch, Koç Holding. |
| What is the current market cap of Hikari Tsushin? | Hikari Tsushin's current market cap is $11B. |
| What is the current revenue of Hikari Tsushin? | Hikari Tsushin's last 12 months revenue is $5B. |
| What is the current revenue growth of Hikari Tsushin? | Hikari Tsushin revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Hikari Tsushin? | Current revenue multiple of Hikari Tsushin is 3.0x. |
| Is Hikari Tsushin profitable? | Yes, Hikari Tsushin is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hikari Tsushin? | Hikari Tsushin's last 12 months EBITDA is $828M. |
| What is Hikari Tsushin's EBITDA margin? | Hikari Tsushin's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Hikari Tsushin? | Current EBITDA multiple of Hikari Tsushin is 17.7x. |
| What is the current FCF of Hikari Tsushin? | Hikari Tsushin's last 12 months FCF is ($748M). |
| What is Hikari Tsushin's FCF margin? | Hikari Tsushin's last 12 months FCF margin is (15%). |
| What is the current EV/FCF multiple of Hikari Tsushin? | Current FCF multiple of Hikari Tsushin is (19.6x). |
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