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NEC Valuation Multiples
Discover revenue and EBITDA valuation multiples for NEC and similar public comparables like Roper Technologies, Quanta Computer, Denso, Suzhou TFC Optical Communication and more.
NEC Overview
About NEC
NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment.
Founded
1899
HQ

Employees
104.2K
Website
Financials (LTM)
EV
$36B
NEC Financials
NEC reported last 12-month revenue of $23B and EBITDA of $3B.
In the same LTM period, NEC generated $7B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
NEC P&L
In the most recent fiscal year, NEC reported revenue of $24B and EBITDA of $3B.
NEC expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $23B | XXX | $24B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 5% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NEC Stock Performance
NEC has current market cap of $36B, and enterprise value of $36B.
Market Cap Evolution
NEC's stock price is $27.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $36B | $36B | 0.0% | XXX | XXX | XXX | $0.92 |
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Start Free TrialNEC Valuation Multiples
NEC trades at 1.6x EV/Revenue multiple, and 11.1x EV/EBITDA.
EV / Revenue (LTM)
NEC Financial Valuation Multiples
As of March 9, 2026, NEC has market cap of $36B and EV of $36B.
Equity research analysts estimate NEC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NEC has a P/E ratio of 23.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $36B | XXX | $36B | XXX | XXX | XXX |
| EV (current) | $36B | XXX | $36B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 11.1x | XXX | 12.7x | XXX | XXX | XXX |
| EV/EBIT | 16.5x | XXX | 18.1x | XXX | XXX | XXX |
| EV/Gross Profit | 4.9x | XXX | 5.4x | XXX | XXX | XXX |
| P/E | 23.3x | XXX | 29.4x | XXX | XXX | XXX |
| EV/FCF | 23.9x | XXX | 28.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NEC 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.


NEC Margins & Growth Rates
NEC's revenue in the last 12 month grew by 5%.
NEC's revenue per employee in the last FY averaged $0.2M.
NEC's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NEC's rule of X is 28% (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).
NEC Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | 15% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NEC Public Comps
See public comps and valuation multiples for other IT Consulting and Computer Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Roper Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Quanta Computer | XXX | XXX | XXX | XXX | XXX | XXX |
| Denso | XXX | XXX | XXX | XXX | XXX | XXX |
| Suzhou TFC Optical Communication | XXX | XXX | XXX | XXX | XXX | XXX |
| Panasonic | 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.
NEC M&A Activity
NEC acquired XXX companies to date.
Last acquisition by NEC was on XXXXXXXX, XXXXX. NEC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NEC
| 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 TrialNEC Investment Activity
NEC invested in XXX companies to date.
NEC made its latest investment on XXXXXXXX, XXXXX. NEC invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NEC
| 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 NEC
| When was NEC founded? | NEC was founded in 1899. |
| Where is NEC headquartered? | NEC is headquartered in Japan. |
| How many employees does NEC have? | As of today, NEC has over 104K employees. |
| Who is the CEO of NEC? | NEC's CEO is Takayuki Morita. |
| Is NEC publicly listed? | Yes, NEC is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of NEC? | NEC trades under 6701 ticker. |
| When did NEC go public? | NEC went public in 1949. |
| Who are competitors of NEC? | NEC main competitors are Roper Technologies, Quanta Computer, Denso, Suzhou TFC Optical Communication. |
| What is the current market cap of NEC? | NEC's current market cap is $36B. |
| What is the current revenue of NEC? | NEC's last 12 months revenue is $23B. |
| What is the current revenue growth of NEC? | NEC revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of NEC? | Current revenue multiple of NEC is 1.6x. |
| Is NEC profitable? | Yes, NEC is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of NEC? | NEC's last 12 months EBITDA is $3B. |
| What is NEC's EBITDA margin? | NEC's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of NEC? | Current EBITDA multiple of NEC is 11.1x. |
| What is the current FCF of NEC? | NEC's last 12 months FCF is $2B. |
| What is NEC's FCF margin? | NEC's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of NEC? | Current FCF multiple of NEC is 23.9x. |
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