NEC - Public Comps and Valuation Multiples

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

nec.com

Sectors

IT Consulting
Electronic Equipment
Electronic Components
Consumer Electronics
Service Providers

Financials

LTM Revenue $22.8B

LTM EBITDA $3.0B

EV

$41.9B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

NEC Financials

As of September 2025, NEC reported last 12-month revenue of $22.8B and EBITDA of $3.0B.

In the same period, NEC generated $7.2B in LTM gross profit and $1.3B in net income.

See NEC valuation multiples based on analyst estimates

NEC P&L

In the most recent fiscal year, NEC reported revenue of $22.5B and EBITDA of $2.7B.

NEC expects next 12-month revenue of XXX and NTM EBITDA of XXX

See NEC valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$22.8B	XXX	$22.5B	XXX	XXX	XXX
Gross Profit	$7.2B	XXX	$7.0B	XXX	XXX	XXX
Gross Margin	32%	XXX	31%	XXX	XXX	XXX
EBITDA	$3.0B	XXX	$2.7B	XXX	XXX	XXX
EBITDA Margin	13%	XXX	12%	XXX	XXX	XXX
EBIT	$2.0B	XXX	$1.7B	XXX	XXX	XXX
EBIT Margin	9%	XXX	7%	XXX	XXX	XXX
Net Profit	$1.3B	XXX	$1.1B	XXX	XXX	XXX
Net Margin	6%	XXX	5%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for NEC including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $22.8B. EBITDA for the last twelve months was $3.0B. In the most recent fiscal year, NEC achieved $22.5B in revenue and $2.7B in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$22.8B	Analyst estimates available to subscribers	$22.5B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$7.2B	Analyst estimates available to subscribers	$7.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	31.7% gross margin	Analyst estimates available to subscribers	31.0% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$3.0B	Analyst estimates available to subscribers	$2.7B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	13.0% EBITDA margin	Analyst estimates available to subscribers	12.1% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$2.0B	Analyst estimates available to subscribers	$1.7B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	8.9% EBIT margin	Analyst estimates available to subscribers	7.5% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$1.3B	Analyst estimates available to subscribers	$1.1B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	5.9% net profit margin	Analyst estimates available to subscribers	5.1% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for NEC

This financial data table provides comprehensive performance metrics for NEC, a company based in Japan. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

NEC generated $22.8B in revenue over the last twelve months.
The company achieved $3.0B in EBITDA over the last twelve months.
Gross profit for the last twelve months was $7.2B.
Net income over the last twelve months reached $1.3B.

Fiscal Year Performance

In the most recent fiscal year, NEC reported $22.5B in total revenue.
Fiscal year EBITDA was $2.7B.
The company maintained a gross profit margin of 31.0% in the most recent fiscal year.
EBITDA margin for the fiscal year was 12.1%.
Net profit margin reached 5.1% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for NEC. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

NEC Stock Performance

NEC has current market cap of JPY 6.40T (or $42.0B), and EV of JPY 6.38T (or $41.9B).

Market Cap Evolution

NEC Stock Data

As of October 16, 2025, NEC's stock price is JPY 4803 (or $32).

See NEC trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$41.9B	$42.0B	XXX	XXX	XXX	XXX	$1.00

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

NEC Valuation Multiples

NEC's trades at 1.9x EV/Revenue multiple, and 15.6x EV/EBITDA.

See valuation multiples for NEC and 15K+ public comps

NEC Financial Valuation Multiples

As of October 16, 2025, NEC has market cap of $42.0B and EV of $41.9B.

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 31.3x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$42.0B	XXX	$42.0B	XXX	XXX	XXX
EV (current)	$41.9B	XXX	$41.9B	XXX	XXX	XXX
EV/Revenue	1.8x	XXX	1.9x	XXX	XXX	XXX
EV/EBITDA	14.1x	XXX	15.6x	XXX	XXX	XXX
EV/EBIT	20.6x	XXX	26.7x	XXX	XXX	XXX
EV/Gross Profit	5.8x	XXX	n/a	XXX	XXX	XXX
P/E	31.3x	XXX	37.9x	XXX	XXX	XXX
EV/FCF	33.2x	XXX	33.9x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get NEC Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

NEC Margins & Growth Rates

NEC's last 12 month revenue growth is 4%

NEC's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

NEC's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

NEC's rule of X is 22% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for NEC and other 15K+ public comps

NEC Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	4%	XXX	3%	XXX	XXX	XXX
EBITDA Margin	13%	XXX	12%	XXX	XXX	XXX
EBITDA Growth	14%	XXX	13%	XXX	XXX	XXX
Rule of 40	16%	XXX	16%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	22%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.2M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	23%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial

NEC Public Comps

See public comps and valuation multiples for IT Consulting and Electronic Equipment comps

	EV/Revenue			EV/EBITDA
	2025E	2026E	2027E	2025E	2026E	2027E
Ctac	XXX	XXX	XXX	XXX	XXX	XXX
Mastech Digital	XXX	XXX	XXX	XXX	XXX	XXX
Atturra	XXX	XXX	XXX	XXX	XXX	XXX
Bravura Solutions	XXX	XXX	XXX	XXX	XXX	XXX
COSOL	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 and Investment Activity

NEC acquired XXX companies to date.

Last acquisition by NEC was XXXXXXXX, XXXXX XXXXX XXXXXX . NEC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).

See M&A valuation multiples

Latest Acquisitions by NEC

Acquired Company	EV	EV/Revenue	EV/EBITDA
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX

Get Verified M&A Valuation Multiples

Start Free Trial

About 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 104.2K+ employees.
Who is the CEO of NEC?	NEC's CEO is Mr. Takayuki Morita.
Is NEC publicy listed?	Yes, NEC is a public company listed on TKS.
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?	Similar companies to NEC include e.g. Ctac, Mastech Digital, Atturra, Bravura Solutions.
What is the current market cap of NEC?	NEC's current market cap is $42.0B
What is the current revenue of NEC?	NEC's last 12 months revenue is $22.8B.
What is the current revenue growth of NEC?	NEC revenue growth (NTM/LTM) is 4%.
What is the current EV/Revenue multiple of NEC?	Current revenue multiple of NEC is 1.8x.
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 $3.0B.
What is NEC's EBITDA margin?	NEC's last 12 months EBITDA margin is 13%.
What is the current EV/EBITDA multiple of NEC?	Current EBITDA multiple of NEC is 14.1x.
What is the current FCF of NEC?	NEC's last 12 months FCF is $1.3B.
What is NEC's FCF margin?	NEC's last 12 months FCF margin is 6%.
What is the current EV/FCF multiple of NEC?	Current FCF multiple of NEC is 33.2x.

NEC Valuation Multiples

Discover revenue and EBITDA valuation multiples for NEC and similar public comparables like COSOL, Bravura Solutions, and Mastech Digital.

NEC Overview

About NEC

Founded

HQ

Employees

Website

Sectors

Financials

EV

Valuation Multiples

Valuation Multiples for 15K+ Public Comps

NEC Financials

NEC P&L

Financial Performance Summary for NEC

Recent Performance Highlights

Fiscal Year Performance

NEC Stock Performance

Market Cap Evolution

NEC Stock Data

Benchmark Trading Valuation Multiples by Industry

NEC Valuation Multiples

EV/Revenue (LTM) Evolution

NEC Financial Valuation Multiples

Get NEC Valuation Multiples

NEC Margins & Growth Rates

NEC Operational Valuation Multiples

Valuation Multiples Across 220+ Verticals

NEC Public Comps

NEC M&A and Investment Activity

Latest Acquisitions by NEC

Get Verified M&A Valuation Multiples

About NEC

Join Now Or Talk To Us

Join Our Newsletter