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Obayashi Valuation Multiples
Discover revenue and EBITDA valuation multiples for Obayashi and similar public comparables like APi Group, CEMEX, China Communications Construction Company, Kajima and more.
Obayashi Overview
About Obayashi
Obayashi Corp is a Japan-based company mainly engaged in construction and real estate business. The company operates through five segments. The Domestic Architecture segment undertakes construction work in Japan, while the Domestic Civil Engineering segment handles civil engineering projects within the country. The Overseas Architecture and Overseas Civil Engineering segments are involved in construction and civil engineering projects abroad. The Real Estate segment focuses on development activities, including real estate sales, leasing, and residential land development. The Others segment is engaged in PFI projects, renewable energy, rug business, and financial services. It generates the majority of its revenue from the Domestic Architecture segment.
Founded
1936
HQ

Employees
20.7K
Website
Sectors
Financials (LTM)
EV
$20B
Obayashi Financials
Obayashi reported last 12-month revenue of $16B and EBITDA of $1B.
In the same LTM period, Obayashi generated $1B in EBITDA and $1B in net income.
Revenue (LTM)
Obayashi P&L
In the most recent fiscal year, Obayashi reported revenue of $18B and EBITDA of $2B.
Obayashi expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16B | XXX | $18B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $988M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Obayashi Stock Performance
Obayashi has current market cap of $19B, and enterprise value of $20B.
Market Cap Evolution
Obayashi's stock price is $27.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20B | $19B | 0.5% | XXX | XXX | XXX | $1.44 |
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Start Free TrialObayashi Valuation Multiples
Obayashi trades at 1.2x EV/Revenue multiple, and 13.5x EV/EBITDA.
EV / Revenue (LTM)
Obayashi Financial Valuation Multiples
As of March 25, 2026, Obayashi has market cap of $19B and EV of $20B.
Equity research analysts estimate Obayashi's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Obayashi has a P/E ratio of 18.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 13.5x | XXX | 12.6x | XXX | XXX | XXX |
| EV/EBIT | 16.8x | XXX | 20.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 10.5x | XXX | XXX | XXX |
| P/E | 18.0x | XXX | 18.9x | XXX | XXX | XXX |
| EV/FCF | 17.0x | XXX | 30.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Obayashi 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.


Obayashi Margins & Growth Rates
Obayashi's revenue in the last 12 month grew by 5%.
Obayashi's revenue per employee in the last FY averaged $0.8M.
Obayashi's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Obayashi's rule of X is 21% (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).
Obayashi Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | (9%) | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | (1%) | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Obayashi Public Comps
See public comps and valuation multiples for other Construction & Engineering comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| APi Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CEMEX | XXX | XXX | XXX | XXX | XXX | XXX |
| China Communications Construction Company | XXX | XXX | XXX | XXX | XXX | XXX |
| Kajima | XXX | XXX | XXX | XXX | XXX | XXX |
| Jacobs | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Obayashi M&A Activity
Obayashi acquired XXX companies to date.
Last acquisition by Obayashi was on XXXXXXXX, XXXXX. Obayashi acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Obayashi
| 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 TrialObayashi Investment Activity
Obayashi invested in XXX companies to date.
Obayashi made its latest investment on XXXXXXXX, XXXXX. Obayashi invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Obayashi
| 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 Obayashi
| When was Obayashi founded? | Obayashi was founded in 1936. |
| Where is Obayashi headquartered? | Obayashi is headquartered in Japan. |
| How many employees does Obayashi have? | As of today, Obayashi has over 20K employees. |
| Who is the CEO of Obayashi? | Obayashi's CEO is Toshimi Sato. |
| Is Obayashi publicly listed? | Yes, Obayashi is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Obayashi? | Obayashi trades under 1802 ticker. |
| When did Obayashi go public? | Obayashi went public in 1960. |
| Who are competitors of Obayashi? | Obayashi main competitors are APi Group, CEMEX, China Communications Construction Company, Kajima. |
| What is the current market cap of Obayashi? | Obayashi's current market cap is $19B. |
| What is the current revenue of Obayashi? | Obayashi's last 12 months revenue is $16B. |
| What is the current revenue growth of Obayashi? | Obayashi revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Obayashi? | Current revenue multiple of Obayashi is 1.2x. |
| Is Obayashi profitable? | Yes, Obayashi is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Obayashi? | Obayashi's last 12 months EBITDA is $1B. |
| What is Obayashi's EBITDA margin? | Obayashi's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Obayashi? | Current EBITDA multiple of Obayashi is 13.5x. |
| What is the current FCF of Obayashi? | Obayashi's last 12 months FCF is $1B. |
| What is Obayashi's FCF margin? | Obayashi's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Obayashi? | Current FCF multiple of Obayashi is 17.0x. |
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