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Japan Airlines Valuation Multiples
Discover revenue and EBITDA valuation multiples for Japan Airlines and similar public comparables like Air Arabia, Spring Airlines, Korean Air, Eva Airways and more.
Japan Airlines Overview
About Japan Airlines
Japan Airlines Co Ltd is an international air transport services company. It offers scheduled and non-scheduled air transport services and aerial work services. The company operates large aircraft, medium-sized aircraft, small aircraft, and regional jets. The company is also engaged in the travel planning and sales business, which covers travel planning and sales, baggage delivery, system development and operation, ticketing systems for the travel industry, and credit card services related to air travel.
Founded
1951
HQ
Employees
41.2K
Website
Sectors
Financials (LTM)
EV
$7B
Japan Airlines Financials
Japan Airlines reported last 12-month revenue of $13B and EBITDA of $2B.
In the same LTM period, Japan Airlines generated $2B in gross profit, $2B in EBITDA, and $763M in net income.
Revenue (LTM)
Japan Airlines P&L
In the most recent fiscal year, Japan Airlines reported revenue of $13B and EBITDA of $2B.
Japan Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13B | XXX | $13B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $763M | XXX | $743M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $927M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Japan Airlines Stock Performance
Japan Airlines has current market cap of $7B, and enterprise value of $7B.
Market Cap Evolution
Japan Airlines' stock price is $16.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $7B | 0.3% | XXX | XXX | XXX | $1.73 |
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Start Free TrialJapan Airlines Valuation Multiples
Japan Airlines trades at 0.5x EV/Revenue multiple, and 2.9x EV/EBITDA.
EV / Revenue (LTM)
Japan Airlines Financial Valuation Multiples
As of April 20, 2026, Japan Airlines has market cap of $7B and EV of $7B.
Equity research analysts estimate Japan Airlines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Japan Airlines has a P/E ratio of 9.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 2.9x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBIT | 5.2x | XXX | 5.5x | XXX | XXX | XXX |
| EV/Gross Profit | 2.8x | XXX | 1.1x | XXX | XXX | XXX |
| P/E | 9.0x | XXX | 9.3x | XXX | XXX | XXX |
| EV/FCF | 19.5x | XXX | 9.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Japan Airlines 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.
Japan Airlines Margins & Growth Rates
Japan Airlines' revenue in the last 12 month grew by 7%.
Japan Airlines' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Japan Airlines' rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Japan Airlines' rule of X is 35% (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).
Japan Airlines Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | (11%) | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 38% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Japan Airlines Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Japan Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Air Arabia | XXX | XXX | XXX | XXX | XXX | XXX |
| Spring Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Korean Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Eva Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| ANA Holdings | 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.
Japan Airlines M&A Activity
Japan Airlines acquired XXX companies to date.
Last acquisition by Japan Airlines was on XXXXXXXX, XXXXX. Japan Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Japan Airlines
| 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 TrialJapan Airlines Investment Activity
Japan Airlines invested in XXX companies to date.
Japan Airlines made its latest investment on XXXXXXXX, XXXXX. Japan Airlines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Japan Airlines
| 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 Japan Airlines
| When was Japan Airlines founded? | Japan Airlines was founded in 1951. |
| Where is Japan Airlines headquartered? | Japan Airlines is headquartered in Japan. |
| How many employees does Japan Airlines have? | As of today, Japan Airlines has over 41K employees. |
| Who is the CEO of Japan Airlines? | Japan Airlines' CEO is Mitsuko Tottori. |
| Is Japan Airlines publicly listed? | Yes, Japan Airlines is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Japan Airlines? | Japan Airlines trades under 9201 ticker. |
| When did Japan Airlines go public? | Japan Airlines went public in 2002. |
| Who are competitors of Japan Airlines? | Japan Airlines main competitors are Air Arabia, Spring Airlines, Korean Air, Eva Airways. |
| What is the current market cap of Japan Airlines? | Japan Airlines' current market cap is $7B. |
| What is the current revenue of Japan Airlines? | Japan Airlines' last 12 months revenue is $13B. |
| What is the current revenue growth of Japan Airlines? | Japan Airlines revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Japan Airlines? | Current revenue multiple of Japan Airlines is 0.5x. |
| Is Japan Airlines profitable? | Yes, Japan Airlines is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Japan Airlines? | Japan Airlines' last 12 months EBITDA is $2B. |
| What is Japan Airlines' EBITDA margin? | Japan Airlines' last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Japan Airlines? | Current EBITDA multiple of Japan Airlines is 2.9x. |
| What is the current FCF of Japan Airlines? | Japan Airlines' last 12 months FCF is $337M. |
| What is Japan Airlines' FCF margin? | Japan Airlines' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Japan Airlines? | Current FCF multiple of Japan Airlines is 19.5x. |
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