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- Nitto Denko
Nitto Denko Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nitto Denko and similar public comparables like Advanced Energy Indus, Westlake, Asustek Computer, Universal Scientific Industrial and more.
Nitto Denko Overview
About Nitto Denko
Nitto Denko is a manufacturer of advanced materials for niche industry applications. Its three segments are industrial tape (35% of revenue), optical films (55%), and materials used in health science (10%). Its advanced materials are used in manufacturing with main customers being suppliers to original equipment manufacturers in the computer, smartphone, and automobile industries. The company has more than 15,000 products. Most revenue is from Asia/Oceania (60%), followed by Japan (20%). The remainder is roughly equally split between Americas and Europe, each representing about 10% of revenue.
Founded
1918
HQ

Employees
27.6K
Website
Financials (LTM)
EV
$12B
Nitto Denko Financials
Nitto Denko reported last 12-month revenue of $7B and EBITDA of $2B.
In the same LTM period, Nitto Denko generated $3B in gross profit, $2B in EBITDA, and $862M in net income.
Revenue (LTM)
Nitto Denko P&L
In the most recent fiscal year, Nitto Denko reported revenue of $7B and EBITDA of $2B.
Nitto Denko expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 35% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $862M | XXX | $961M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 14% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nitto Denko Stock Performance
Nitto Denko has current market cap of $14B, and enterprise value of $12B.
Market Cap Evolution
Nitto Denko's stock price is $21.19.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12B | $14B | 1.3% | XXX | XXX | XXX | $1.43 |
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Start Free TrialNitto Denko Valuation Multiples
Nitto Denko trades at 1.9x EV/Revenue multiple, and 7.5x EV/EBITDA.
EV / Revenue (LTM)
Nitto Denko Financial Valuation Multiples
As of April 18, 2026, Nitto Denko has market cap of $14B and EV of $12B.
Equity research analysts estimate Nitto Denko's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nitto Denko has a P/E ratio of 16.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 7.5x | XXX | 6.9x | XXX | XXX | XXX |
| EV/EBIT | 10.3x | XXX | 9.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.7x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 16.6x | XXX | 14.9x | XXX | XXX | XXX |
| EV/FCF | 21.4x | XXX | 16.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nitto Denko 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.


Nitto Denko Margins & Growth Rates
Nitto Denko's revenue in the last 12 month grew by 3%.
Nitto Denko's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.
Nitto Denko's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nitto Denko's rule of X is 32% (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).
Nitto Denko Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 13% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nitto Denko Public Comps
See public comps and valuation multiples for other Industrial Parts and Chemicals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nitto Denko | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Energy Indus | XXX | XXX | XXX | XXX | XXX | XXX |
| Westlake | XXX | XXX | XXX | XXX | XXX | XXX |
| Asustek Computer | XXX | XXX | XXX | XXX | XXX | XXX |
| Universal Scientific Industrial | XXX | XXX | XXX | XXX | XXX | XXX |
| Nippon Paint | 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.
Nitto Denko M&A Activity
Nitto Denko acquired XXX companies to date.
Last acquisition by Nitto Denko was on XXXXXXXX, XXXXX. Nitto Denko acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nitto Denko
| 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 TrialNitto Denko Investment Activity
Nitto Denko invested in XXX companies to date.
Nitto Denko made its latest investment on XXXXXXXX, XXXXX. Nitto Denko invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nitto Denko
| 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 Nitto Denko
| When was Nitto Denko founded? | Nitto Denko was founded in 1918. |
| Where is Nitto Denko headquartered? | Nitto Denko is headquartered in Japan. |
| How many employees does Nitto Denko have? | As of today, Nitto Denko has over 27K employees. |
| Who is the CEO of Nitto Denko? | Nitto Denko's CEO is Hideo Takasaki. |
| Is Nitto Denko publicly listed? | Yes, Nitto Denko is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Nitto Denko? | Nitto Denko trades under 6988 ticker. |
| When did Nitto Denko go public? | Nitto Denko went public in 1962. |
| Who are competitors of Nitto Denko? | Nitto Denko main competitors are Advanced Energy Indus, Westlake, Asustek Computer, Universal Scientific Industrial. |
| What is the current market cap of Nitto Denko? | Nitto Denko's current market cap is $14B. |
| What is the current revenue of Nitto Denko? | Nitto Denko's last 12 months revenue is $7B. |
| What is the current revenue growth of Nitto Denko? | Nitto Denko revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Nitto Denko? | Current revenue multiple of Nitto Denko is 1.9x. |
| Is Nitto Denko profitable? | Yes, Nitto Denko is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nitto Denko? | Nitto Denko's last 12 months EBITDA is $2B. |
| What is Nitto Denko's EBITDA margin? | Nitto Denko's last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of Nitto Denko? | Current EBITDA multiple of Nitto Denko is 7.5x. |
| What is the current FCF of Nitto Denko? | Nitto Denko's last 12 months FCF is $568M. |
| What is Nitto Denko's FCF margin? | Nitto Denko's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Nitto Denko? | Current FCF multiple of Nitto Denko is 21.4x. |
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