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Netmarble Valuation Multiples
Discover revenue and EBITDA valuation multiples for Netmarble and similar public comparables like MNC Digital Entertainment, Bally's Intralot, Koei Tecmo, Ourpalm and more.
Netmarble Overview
About Netmarble
Netmarble Corp is an online gaming company in South Korea. Its core business include game development and game publishing throughout the world. Some of its games include Tera M, FishingStrike, Raven, Seven Knights, among others.
Founded
2011
HQ

Employees
N/A
Website
Sectors
Financials (LTM)
EV
$3B
Netmarble Financials
Netmarble reported last 12-month revenue of $2B and EBITDA of $339M.
In the same LTM period, Netmarble generated $2B in gross profit, $339M in EBITDA, and $184M in net income.
Revenue (LTM)
Netmarble P&L
In the most recent fiscal year, Netmarble reported revenue of $2B and EBITDA of $375M.
Netmarble expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $339M | XXX | $375M | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $184M | XXX | $165M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $565M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Netmarble Stock Performance
Netmarble has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
Netmarble's stock price is $34.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | 0.0% | XXX | XXX | XXX | $2.02 |
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Start Free TrialNetmarble Valuation Multiples
Netmarble trades at 1.7x EV/Revenue multiple, and 9.9x EV/EBITDA.
EV / Revenue (LTM)
Netmarble Financial Valuation Multiples
As of April 20, 2026, Netmarble has market cap of $3B and EV of $3B.
Equity research analysts estimate Netmarble's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Netmarble has a P/E ratio of 15.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.9x | XXX | 8.9x | XXX | XXX | XXX |
| EV/EBIT | 13.3x | XXX | 13.9x | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | 1.7x | XXX | XXX | XXX |
| P/E | 15.5x | XXX | 17.3x | XXX | XXX | XXX |
| EV/FCF | 15.0x | XXX | 16.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Netmarble 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.


Netmarble Margins & Growth Rates
Netmarble's revenue in the last 12 month grew by 5%.
Netmarble's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Netmarble's rule of X is 31% (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).
Netmarble Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 31% | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | 57% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 88% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Netmarble Public Comps
See public comps and valuation multiples for other Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Netmarble | XXX | XXX | XXX | XXX | XXX | XXX |
| MNC Digital Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Bally's Intralot | XXX | XXX | XXX | XXX | XXX | XXX |
| Koei Tecmo | XXX | XXX | XXX | XXX | XXX | XXX |
| Ourpalm | XXX | XXX | XXX | XXX | XXX | XXX |
| DeNA | 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.
Netmarble M&A Activity
Netmarble acquired XXX companies to date.
Last acquisition by Netmarble was on XXXXXXXX, XXXXX. Netmarble acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Netmarble
| 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 TrialNetmarble Investment Activity
Netmarble invested in XXX companies to date.
Netmarble made its latest investment on XXXXXXXX, XXXXX. Netmarble invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Netmarble
| 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 Netmarble
| When was Netmarble founded? | Netmarble was founded in 2011. |
| Where is Netmarble headquartered? | Netmarble is headquartered in South Korea. |
| Who is the CEO of Netmarble? | Netmarble's CEO is Young-Sik Kwon. |
| Is Netmarble publicly listed? | Yes, Netmarble is a public company listed on Korea Exchange. |
| What is the stock symbol of Netmarble? | Netmarble trades under 251270 ticker. |
| When did Netmarble go public? | Netmarble went public in 2017. |
| Who are competitors of Netmarble? | Netmarble main competitors are MNC Digital Entertainment, Bally's Intralot, Koei Tecmo, Ourpalm. |
| What is the current market cap of Netmarble? | Netmarble's current market cap is $3B. |
| What is the current revenue of Netmarble? | Netmarble's last 12 months revenue is $2B. |
| What is the current revenue growth of Netmarble? | Netmarble revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Netmarble? | Current revenue multiple of Netmarble is 1.7x. |
| Is Netmarble profitable? | Yes, Netmarble is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Netmarble? | Netmarble's last 12 months EBITDA is $339M. |
| What is Netmarble's EBITDA margin? | Netmarble's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Netmarble? | Current EBITDA multiple of Netmarble is 9.9x. |
| What is the current FCF of Netmarble? | Netmarble's last 12 months FCF is $224M. |
| What is Netmarble's FCF margin? | Netmarble's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Netmarble? | Current FCF multiple of Netmarble is 15.0x. |
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