🚀 VC round data is live in beta, check it out!
- Public Comps
- Koei Tecmo
Koei Tecmo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Koei Tecmo and similar public comparables like XD, G-bits, MNC Digital Entertainment, Sega Sammy and more.
Koei Tecmo Overview
About Koei Tecmo
Koei Tecmo Holdings is a Japanese video game, amusement, and anime company created in 2009 by the merger of Koei and Tecmo, best known for their Nobunaga’s Ambition, Romance of the Three Kingdoms, Nioh, and Atelier game franchises. The company also creates games based on third-party franchises, such as Nintendo’s The Legend of Zelda and Fire Emblem, and Kodansha’s Attack on Titan.
Founded
2009
HQ

Employees
2.1K
Website
Financials (LTM)
EV
$3B
Koei Tecmo Financials
Koei Tecmo reported last 12-month revenue of $552M and EBITDA of $219M.
In the same LTM period, Koei Tecmo generated $373M in gross profit, $219M in EBITDA, and $220M in net income.
Revenue (LTM)
Koei Tecmo P&L
In the most recent fiscal year, Koei Tecmo reported revenue of $572M and EBITDA of $234M.
Koei Tecmo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $552M | XXX | $572M | XXX | XXX | XXX |
| Gross Profit | $373M | XXX | $330M | XXX | XXX | XXX |
| Gross Margin | 67% | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $219M | XXX | $234M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 41% | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | 39% | XXX | XXX | XXX |
| Net Profit | $220M | XXX | $259M | XXX | XXX | XXX |
| Net Margin | 40% | XXX | 45% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Koei Tecmo Stock Performance
Koei Tecmo has current market cap of $4B, and enterprise value of $3B.
Market Cap Evolution
Koei Tecmo's stock price is $11.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $4B | 0.3% | XXX | XXX | XXX | $0.77 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialKoei Tecmo Valuation Multiples
Koei Tecmo trades at 5.9x EV/Revenue multiple, and 14.8x EV/EBITDA.
EV / Revenue (LTM)
Koei Tecmo Financial Valuation Multiples
As of April 20, 2026, Koei Tecmo has market cap of $4B and EV of $3B.
Equity research analysts estimate Koei Tecmo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Koei Tecmo has a P/E ratio of 16.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 5.9x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | 14.8x | XXX | 13.8x | XXX | XXX | XXX |
| EV/EBIT | 15.7x | XXX | 14.6x | XXX | XXX | XXX |
| EV/Gross Profit | 8.7x | XXX | 9.8x | XXX | XXX | XXX |
| P/E | 16.8x | XXX | 14.3x | XXX | XXX | XXX |
| EV/FCF | 38.1x | XXX | 6.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Koei Tecmo 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.


Koei Tecmo Margins & Growth Rates
Koei Tecmo's revenue in the last 12 month grew by 3%.
Koei Tecmo's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Koei Tecmo's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Koei Tecmo's rule of X is 47% (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).
Koei Tecmo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 47% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Koei Tecmo Public Comps
See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Koei Tecmo | XXX | XXX | XXX | XXX | XXX | XXX |
| XD | XXX | XXX | XXX | XXX | XXX | XXX |
| G-bits | XXX | XXX | XXX | XXX | XXX | XXX |
| MNC Digital Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Sega Sammy | XXX | XXX | XXX | XXX | XXX | XXX |
| Kingsoft | 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.
Koei Tecmo M&A Activity
Koei Tecmo acquired XXX companies to date.
Last acquisition by Koei Tecmo was on XXXXXXXX, XXXXX. Koei Tecmo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Koei Tecmo
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialKoei Tecmo Investment Activity
Koei Tecmo invested in XXX companies to date.
Koei Tecmo made its latest investment on XXXXXXXX, XXXXX. Koei Tecmo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Koei Tecmo
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Koei Tecmo
| When was Koei Tecmo founded? | Koei Tecmo was founded in 2009. |
| Where is Koei Tecmo headquartered? | Koei Tecmo is headquartered in Japan. |
| How many employees does Koei Tecmo have? | As of today, Koei Tecmo has over 2K employees. |
| Who is the CEO of Koei Tecmo? | Koei Tecmo's CEO is Yoichi Erikawa. |
| Is Koei Tecmo publicly listed? | Yes, Koei Tecmo is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Koei Tecmo? | Koei Tecmo trades under 3635 ticker. |
| When did Koei Tecmo go public? | Koei Tecmo went public in 2009. |
| Who are competitors of Koei Tecmo? | Koei Tecmo main competitors are XD, G-bits, MNC Digital Entertainment, Sega Sammy. |
| What is the current market cap of Koei Tecmo? | Koei Tecmo's current market cap is $4B. |
| What is the current revenue of Koei Tecmo? | Koei Tecmo's last 12 months revenue is $552M. |
| What is the current revenue growth of Koei Tecmo? | Koei Tecmo revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Koei Tecmo? | Current revenue multiple of Koei Tecmo is 5.9x. |
| Is Koei Tecmo profitable? | Yes, Koei Tecmo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Koei Tecmo? | Koei Tecmo's last 12 months EBITDA is $219M. |
| What is Koei Tecmo's EBITDA margin? | Koei Tecmo's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of Koei Tecmo? | Current EBITDA multiple of Koei Tecmo is 14.8x. |
| What is the current FCF of Koei Tecmo? | Koei Tecmo's last 12 months FCF is $85M. |
| What is Koei Tecmo's FCF margin? | Koei Tecmo's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Koei Tecmo? | Current FCF multiple of Koei Tecmo is 38.1x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.