🚀 VC round data is live in beta, check it out!
- Public Comps
- Nippon Gas
Nippon Gas Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nippon Gas and similar public comparables like Celsia Colombia, Nofar Energy, Aker Solutions, Electricite De Strasbourg and more.
Nippon Gas Overview
About Nippon Gas
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.
Founded
1947
HQ

Employees
2.0K
Website
Sectors
Financials (LTM)
EV
$2B
Nippon Gas Financials
Nippon Gas reported last 12-month revenue of $1B and EBITDA of $204M.
In the same LTM period, Nippon Gas generated $478M in gross profit, $204M in EBITDA, and $94M in net income.
Revenue (LTM)
Nippon Gas P&L
In the most recent fiscal year, Nippon Gas reported revenue of $1B and EBITDA of $206M.
Nippon Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $478M | XXX | $470M | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $204M | XXX | $206M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $94M | XXX | $80M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $122M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nippon Gas Stock Performance
Nippon Gas has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Nippon Gas' stock price is $18.27.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.3% | XXX | XXX | XXX | $0.75 |
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 TrialNippon Gas Valuation Multiples
Nippon Gas trades at 1.7x EV/Revenue multiple, and 10.6x EV/EBITDA.
EV / Revenue (LTM)
Nippon Gas Financial Valuation Multiples
As of April 20, 2026, Nippon Gas has market cap of $2B and EV of $2B.
Equity research analysts estimate Nippon Gas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nippon Gas has a P/E ratio of 20.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 10.6x | XXX | 10.5x | XXX | XXX | XXX |
| EV/EBIT | 16.0x | XXX | 16.8x | XXX | XXX | XXX |
| EV/Gross Profit | 4.5x | XXX | 4.6x | XXX | XXX | XXX |
| P/E | 20.7x | XXX | 24.3x | XXX | XXX | XXX |
| EV/FCF | 22.1x | XXX | 16.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nippon Gas 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.


Nippon Gas Margins & Growth Rates
Nippon Gas' revenue in the last 12 month grew by 3%.
Nippon Gas' revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.2M for the same period.
Nippon Gas' rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nippon Gas' rule of X is 22% (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).
Nippon Gas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nippon Gas Public Comps
See public comps and valuation multiples for other Energy Services and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nippon Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Celsia Colombia | XXX | XXX | XXX | XXX | XXX | XXX |
| Nofar Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Aker Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Electricite De Strasbourg | XXX | XXX | XXX | XXX | XXX | XXX |
| Ratch Group | 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.
Nippon Gas M&A Activity
Nippon Gas acquired XXX companies to date.
Last acquisition by Nippon Gas was on XXXXXXXX, XXXXX. Nippon Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nippon Gas
| 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 TrialNippon Gas Investment Activity
Nippon Gas invested in XXX companies to date.
Nippon Gas made its latest investment on XXXXXXXX, XXXXX. Nippon Gas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nippon Gas
| 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 Nippon Gas
| When was Nippon Gas founded? | Nippon Gas was founded in 1947. |
| Where is Nippon Gas headquartered? | Nippon Gas is headquartered in Japan. |
| How many employees does Nippon Gas have? | As of today, Nippon Gas has over 2K employees. |
| Who is the CEO of Nippon Gas? | Nippon Gas' CEO is Kunihiko Kashiwaya. |
| Is Nippon Gas publicly listed? | Yes, Nippon Gas is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Nippon Gas? | Nippon Gas trades under 8174 ticker. |
| When did Nippon Gas go public? | Nippon Gas went public in 1973. |
| Who are competitors of Nippon Gas? | Nippon Gas main competitors are Celsia Colombia, Nofar Energy, Aker Solutions, Electricite De Strasbourg. |
| What is the current market cap of Nippon Gas? | Nippon Gas' current market cap is $2B. |
| What is the current revenue of Nippon Gas? | Nippon Gas' last 12 months revenue is $1B. |
| What is the current revenue growth of Nippon Gas? | Nippon Gas revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Nippon Gas? | Current revenue multiple of Nippon Gas is 1.7x. |
| Is Nippon Gas profitable? | Yes, Nippon Gas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nippon Gas? | Nippon Gas' last 12 months EBITDA is $204M. |
| What is Nippon Gas' EBITDA margin? | Nippon Gas' last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Nippon Gas? | Current EBITDA multiple of Nippon Gas is 10.6x. |
| What is the current FCF of Nippon Gas? | Nippon Gas' last 12 months FCF is $98M. |
| What is Nippon Gas' FCF margin? | Nippon Gas' last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Nippon Gas? | Current FCF multiple of Nippon Gas is 22.1x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.