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Intelligent Wave Valuation Multiples
Discover revenue and EBITDA valuation multiples for Intelligent Wave and similar public comparables like wrkr, WonderFi, Beeks Group, CSU Digital and more.
Intelligent Wave Overview
About Intelligent Wave
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
Founded
1984
HQ

Employees
N/A
Website
Financials (LTM)
EV
$123M
Intelligent Wave Financials
Intelligent Wave reported last 12-month revenue of $106M.
In the same LTM period, Intelligent Wave generated $9M in net income.
Revenue (LTM)
Intelligent Wave P&L
In the most recent fiscal year, Intelligent Wave reported revenue of $106M and EBITDA of $21M.
Intelligent Wave expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $106M | XXX | $106M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $29M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 28% | XXX | XXX | XXX |
| EBITDA | — | XXX | $21M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $9M | XXX | $9M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Intelligent Wave Stock Performance
Intelligent Wave has current market cap of $163M, and enterprise value of $123M.
Market Cap Evolution
Intelligent Wave's stock price is $6.23.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $123M | $163M | 0.3% | XXX | XXX | XXX | $0.35 |
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Start Free TrialIntelligent Wave Valuation Multiples
Intelligent Wave trades at 1.2x EV/Revenue multiple, and 5.9x EV/EBITDA.
EV / Revenue (LTM)
Intelligent Wave Financial Valuation Multiples
As of April 20, 2026, Intelligent Wave has market cap of $163M and EV of $123M.
Equity research analysts estimate Intelligent Wave's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Intelligent Wave has a P/E ratio of 17.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $163M | XXX | $163M | XXX | XXX | XXX |
| EV (current) | $123M | XXX | $123M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 5.9x | XXX | XXX | XXX |
| EV/EBIT | 9.8x | XXX | 9.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 4.2x | XXX | XXX | XXX |
| P/E | 17.9x | XXX | 17.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 7.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Intelligent Wave 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.


Intelligent Wave Margins & Growth Rates
Intelligent Wave's revenue in the last fiscal year grew by 4%.
Intelligent Wave Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Intelligent Wave Public Comps
See public comps and valuation multiples for other Financial Services Software and Payment Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Intelligent Wave | XXX | XXX | XXX | XXX | XXX | XXX |
| wrkr | XXX | XXX | XXX | XXX | XXX | XXX |
| WonderFi | XXX | XXX | XXX | XXX | XXX | XXX |
| Beeks Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CSU Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Msg Life | 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.
Intelligent Wave M&A Activity
Intelligent Wave acquired XXX companies to date.
Last acquisition by Intelligent Wave was on XXXXXXXX, XXXXX. Intelligent Wave acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Intelligent Wave
| 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 TrialIntelligent Wave Investment Activity
Intelligent Wave invested in XXX companies to date.
Intelligent Wave made its latest investment on XXXXXXXX, XXXXX. Intelligent Wave invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Intelligent Wave
| 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 Intelligent Wave
| When was Intelligent Wave founded? | Intelligent Wave was founded in 1984. |
| Where is Intelligent Wave headquartered? | Intelligent Wave is headquartered in Japan. |
| Is Intelligent Wave publicly listed? | Yes, Intelligent Wave is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Intelligent Wave? | Intelligent Wave trades under 4847 ticker. |
| When did Intelligent Wave go public? | Intelligent Wave went public in 2001. |
| Who are competitors of Intelligent Wave? | Intelligent Wave main competitors are wrkr, WonderFi, Beeks Group, CSU Digital. |
| What is the current market cap of Intelligent Wave? | Intelligent Wave's current market cap is $163M. |
| What is the current revenue of Intelligent Wave? | Intelligent Wave's last 12 months revenue is $106M. |
| What is the current EV/Revenue multiple of Intelligent Wave? | Current revenue multiple of Intelligent Wave is 1.2x. |
| Is Intelligent Wave profitable? | Yes, Intelligent Wave is net-income-positive (as of the last 12 months). |
| What is the current net income of Intelligent Wave? | Intelligent Wave's last 12 months net income is $9M. |
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