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KIOXIA Valuation Multiples
Discover revenue and EBITDA valuation multiples for KIOXIA and similar public comparables like Cambricon Technologies, Marvell Technology, Infineon, MediaTek and more.
KIOXIA Overview
About KIOXIA
Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company’s memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia’s revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers.
Founded
2019
HQ
Employees
15.0K
Website
Financials (LTM)
EV
$72B
KIOXIA Financials
KIOXIA reported last 12-month revenue of $14B and EBITDA of $7B.
In the same LTM period, KIOXIA generated $7B in gross profit, $7B in EBITDA, and $3B in net income.
Revenue (LTM)
KIOXIA P&L
In the most recent fiscal year, KIOXIA reported revenue of $12B and EBITDA of $5B.
KIOXIA expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $14B | XXX | $12B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $7B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 45% | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
KIOXIA Stock Performance
KIOXIA has current market cap of $66B, and enterprise value of $72B.
Market Cap Evolution
KIOXIA's stock price is $120.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $72B | $66B | 0.1% | XXX | XXX | XXX | $3.43 |
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Start Free TrialKIOXIA Valuation Multiples
KIOXIA trades at 5.0x EV/Revenue multiple, and 10.0x EV/EBITDA.
EV / Revenue (LTM)
KIOXIA Financial Valuation Multiples
As of April 8, 2026, KIOXIA has market cap of $66B and EV of $72B.
Equity research analysts estimate KIOXIA's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
KIOXIA has a P/E ratio of 19.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $66B | XXX | $66B | XXX | XXX | XXX |
| EV (current) | $72B | XXX | $72B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBITDA | 10.0x | XXX | 13.6x | XXX | XXX | XXX |
| EV/EBIT | 13.7x | XXX | 23.2x | XXX | XXX | XXX |
| EV/Gross Profit | 10.7x | XXX | 20.2x | XXX | XXX | XXX |
| P/E | 19.3x | XXX | 35.2x | XXX | XXX | XXX |
| EV/FCF | 21.2x | XXX | 34.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified KIOXIA 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.
KIOXIA Margins & Growth Rates
KIOXIA's revenue in the last 12 month grew by 142%.
KIOXIA's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.0M for the same period.
KIOXIA's rule of 40 is 194% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
KIOXIA's rule of X is 382% (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).
KIOXIA Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 142% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 45% | XXX | XXX | XXX |
| EBITDA Growth | 249% | XXX | 29% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 194% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 382% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
KIOXIA Public Comps
See public comps and valuation multiples for other Data Storage and Semiconductors comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cambricon Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Marvell Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Infineon | XXX | XXX | XXX | XXX | XXX | XXX |
| MediaTek | XXX | XXX | XXX | XXX | XXX | XXX |
| Monolithic Power Systems | 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.
KIOXIA M&A Activity
KIOXIA acquired XXX companies to date.
Last acquisition by KIOXIA was on XXXXXXXX, XXXXX. KIOXIA acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by KIOXIA
| 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 TrialKIOXIA Investment Activity
KIOXIA invested in XXX companies to date.
KIOXIA made its latest investment on XXXXXXXX, XXXXX. KIOXIA invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by KIOXIA
| 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 KIOXIA
| When was KIOXIA founded? | KIOXIA was founded in 2019. |
| Where is KIOXIA headquartered? | KIOXIA is headquartered in Japan. |
| How many employees does KIOXIA have? | As of today, KIOXIA has over 15K employees. |
| Who is the CEO of KIOXIA? | KIOXIA's CEO is Nobuo Hayasaka. |
| Is KIOXIA publicly listed? | Yes, KIOXIA is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of KIOXIA? | KIOXIA trades under 285A ticker. |
| When did KIOXIA go public? | KIOXIA went public in 2024. |
| Who are competitors of KIOXIA? | KIOXIA main competitors are Cambricon Technologies, Marvell Technology, Infineon, MediaTek. |
| What is the current market cap of KIOXIA? | KIOXIA's current market cap is $66B. |
| What is the current revenue of KIOXIA? | KIOXIA's last 12 months revenue is $14B. |
| What is the current revenue growth of KIOXIA? | KIOXIA revenue growth (NTM/LTM) is 142%. |
| What is the current EV/Revenue multiple of KIOXIA? | Current revenue multiple of KIOXIA is 5.0x. |
| Is KIOXIA profitable? | Yes, KIOXIA is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of KIOXIA? | KIOXIA's last 12 months EBITDA is $7B. |
| What is KIOXIA's EBITDA margin? | KIOXIA's last 12 months EBITDA margin is 50%. |
| What is the current EV/EBITDA multiple of KIOXIA? | Current EBITDA multiple of KIOXIA is 10.0x. |
| What is the current FCF of KIOXIA? | KIOXIA's last 12 months FCF is $3B. |
| What is KIOXIA's FCF margin? | KIOXIA's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of KIOXIA? | Current FCF multiple of KIOXIA is 21.2x. |
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