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LY Corporation Overview
About LY Corporation
LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan.
Founded
1996
HQ
Employees
38.9K
Website
Financials (LTM)
EV
$23B
LY Corporation Financials
LY Corporation reported last 12-month revenue of $13B and EBITDA of $3B.
In the same LTM period, LY Corporation generated $10B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
LY Corporation P&L
In the most recent fiscal year, LY Corporation reported revenue of $13B and EBITDA of $3B.
LY Corporation 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 | $10B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 75% | XXX | 66% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
LY Corporation Stock Performance
LY Corporation has current market cap of $18B, and enterprise value of $23B.
Market Cap Evolution
LY Corporation's stock price is $2.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23B | $18B | 0.3% | XXX | XXX | XXX | $0.15 |
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Start Free TrialLY Corporation Valuation Multiples
LY Corporation trades at 1.8x EV/Revenue multiple, and 7.3x EV/EBITDA.
EV / Revenue (LTM)
LY Corporation Financial Valuation Multiples
As of April 19, 2026, LY Corporation has market cap of $18B and EV of $23B.
Equity research analysts estimate LY Corporation's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
LY Corporation has a P/E ratio of 16.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.3x | XXX | 7.2x | XXX | XXX | XXX |
| EV/EBIT | 10.6x | XXX | 11.0x | XXX | XXX | XXX |
| EV/Gross Profit | 2.4x | XXX | 2.7x | XXX | XXX | XXX |
| P/E | 16.1x | XXX | 17.5x | XXX | XXX | XXX |
| EV/FCF | 9.4x | XXX | 8.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified LY Corporation 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.
LY Corporation Margins & Growth Rates
LY Corporation's revenue in the last 12 month grew by 11%.
LY Corporation's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
LY Corporation's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
LY Corporation's rule of X is 50% (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).
LY Corporation Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 53% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 53% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
LY Corporation Public Comps
See public comps and valuation multiples for other Consumer E-commerce and Horizontal E-commerce comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| LY Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| JD Health | XXX | XXX | XXX | XXX | XXX | XXX |
| NAVER | XXX | XXX | XXX | XXX | XXX | XXX |
| News Corp | XXX | XXX | XXX | XXX | XXX | XXX |
| Kakao | XXX | XXX | XXX | XXX | XXX | XXX |
| New York Times | 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.
LY Corporation M&A Activity
LY Corporation acquired XXX companies to date.
Last acquisition by LY Corporation was on XXXXXXXX, XXXXX. LY Corporation acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by LY Corporation
| 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 TrialLY Corporation Investment Activity
LY Corporation invested in XXX companies to date.
LY Corporation made its latest investment on XXXXXXXX, XXXXX. LY Corporation invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by LY Corporation
| 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 LY Corporation
| When was LY Corporation founded? | LY Corporation was founded in 1996. |
| Where is LY Corporation headquartered? | LY Corporation is headquartered in Japan. |
| How many employees does LY Corporation have? | As of today, LY Corporation has over 38K employees. |
| Who is the CEO of LY Corporation? | LY Corporation's CEO is Takeshi Idezawa. |
| Is LY Corporation publicly listed? | Yes, LY Corporation is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of LY Corporation? | LY Corporation trades under 4689 ticker. |
| When did LY Corporation go public? | LY Corporation went public in 2003. |
| Who are competitors of LY Corporation? | LY Corporation main competitors are JD Health, NAVER, News Corp, Kakao. |
| What is the current market cap of LY Corporation? | LY Corporation's current market cap is $18B. |
| What is the current revenue of LY Corporation? | LY Corporation's last 12 months revenue is $13B. |
| What is the current revenue growth of LY Corporation? | LY Corporation revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of LY Corporation? | Current revenue multiple of LY Corporation is 1.8x. |
| Is LY Corporation profitable? | Yes, LY Corporation is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of LY Corporation? | LY Corporation's last 12 months EBITDA is $3B. |
| What is LY Corporation's EBITDA margin? | LY Corporation's last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of LY Corporation? | Current EBITDA multiple of LY Corporation is 7.3x. |
| What is the current FCF of LY Corporation? | LY Corporation's last 12 months FCF is $2B. |
| What is LY Corporation's FCF margin? | LY Corporation's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of LY Corporation? | Current FCF multiple of LY Corporation is 9.4x. |
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