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Open Up Group Valuation Multiples

Discover revenue and EBITDA valuation multiples for Open Up Group and similar public comparables like Matrix Design Co., JAC Recruitment, McMillan Shakespeare, Timee and more.

Open Up Group Overview

About Open Up Group

Open Up Group Inc provides human resource services and outsourcing or contracting services for manufacturing companies in Japan and overseas. The business segments of the company include: Mechatronics/IT field: it includes workers dispatching, contracting, consignment business such as development design engineers. Construction area segment includes construction management engineer business / CAD operator dispatch business for customers in construction industry. Manufacturing Area segment includes manufacturing site contracting and dispatch business for customers in manufacturing industry Temporary staffing, outsourcing and referral business for technology and manufacturing fields.


Founded

1997

HQ

Japan

Employees

17.6K

Financials (LTM)

Revenue: $1B
EBITDA: $121M

EV

$861M

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Open Up Group Financials

Open Up Group reported last 12-month revenue of $1B and EBITDA of $121M.

In the same LTM period, Open Up Group generated $307M in gross profit, $121M in EBITDA, and $77M in net income.

Revenue (LTM)


Open Up Group P&L

In the most recent fiscal year, Open Up Group reported revenue of $1B and EBITDA of $126M.

Open Up Group is profitable as of last fiscal year, with gross margin of 24%, EBITDA margin of 10%, and net margin of 7%.

See analyst estimates for Open Up Group
LTMLast FY202320242025202620272028
Revenue$1B$1B$1B$1B$1B
Gross Profit$307M$302M$257M$284M$297M
Gross Margin28%24%24%25%26%
EBITDA$121M$126M$103M$114M$120M
EBITDA Margin11%10%10%10%11%
EBIT Margin10%9%8%8%9%
Net Profit$77M$85M$68M$77M$78M
Net Margin7%7%6%7%7%

Financial data powered by Morningstar, Inc.

Open Up Group Stock Performance

Open Up Group has current market cap of $942M, and enterprise value of $861M.

Market Cap Evolution


Open Up Group's stock price is $11.09.

Open Up Group share price increased by 1.3% in the last 30 days, and decreased by 3.4% in the last year.

Open Up Group has an EPS (earnings per share) of $1.00.

See more trading valuation data for Open Up Group
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$861M$942M-0.2%1.3%-7.9%-3.4%$1.00

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Open Up Group Valuation Multiples

Open Up Group trades at 0.8x EV/Revenue multiple, and 7.1x EV/EBITDA.

See NTM and 2027E valuation multiples for Open Up Group

EV / Revenue (LTM)


Open Up Group Financial Valuation Multiples

As of May 6, 2026, Open Up Group has market cap of $942M and EV of $861M.

Open Up Group has a P/E ratio of 12.3x.

LTMLast FY202320242025202620272028
EV/Revenue0.8x0.7x0.8x0.7x0.8x
EV/EBITDA7.1x6.8x8.4x7.6x7.2x
EV/EBIT8.1x7.8x10.0x8.9x8.2x
EV/Gross Profit2.8x2.9x3.3x3.0x2.9x
P/E12.3x11.1x13.9x12.2x12.2x
EV/FCF11.8x10.3x8.1x8.6x10.1x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Open Up Group 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.

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Open Up Group Margins & Growth Rates

Open Up Group decreased revenue by 16% and EBITDA by 5% in the last fiscal year.

In the most recent fiscal year, Open Up Group reported gross margin of 24%, EBITDA margin of 10%, and net margin of 7%.

See estimated margins and future growth rates for Open Up Group

Open Up Group Margins

Last FY202420252026202720282029
Gross Margin24%25%26%28%
EBITDA Margin10%10%11%11%
EBIT Margin9%8%9%10%
Net Margin7%7%7%7%
FCF Margin7%9%8%8%

Open Up Group Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(16%)8%(2%)(2%)
Gross Profit Growth(3%)11%4%5%
EBITDA Growth(5%)11%5%1%
EBIT Growth(4%)13%7%4%
Net Profit Growth(11%)14%0%(0%)
FCF Growth5%(5%)(15%)1%

Data powered by FactSet, Inc. and Morningstar, Inc.

Open Up Group Operational KPIs

Open Up Group's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Open Up Group's Rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Open Up Group's Rule of X is 5% (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).

Access forward-looking KPIs for Open Up Group
LTMLast FY202320242025202620272028
Rule of 4014%9%———
Bessemer Rule of X18%5%———
Revenue per Employee—$0.1M———
Opex per Employee—$0.0M———
G&A Expenses to Revenue—16%16%16%18%
Opex to Revenue—16%16%16%18%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Open Up Group Competitors

Open Up Group competitors include Matrix Design Co., JAC Recruitment, McMillan Shakespeare, Timee, Insperity, Kforce, BrightView, Synergie, Barrett Bus Services and Hays.

Most Open Up Group public comparables operate across Recruitment & Staffing and Business Services.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Matrix Design Co.7.1x6.8x55.5x—
JAC Recruitment2.4x2.3x9.0x8.6x
McMillan Shakespeare3.8x3.2x7.7x10.9x
Timee3.5x3.4x17.3x16.1x
Insperity0.1x0.1x14.9x6.3x
Kforce0.7x0.7x16.0x12.1x
BrightView0.9x0.9x8.0x6.8x
Synergie0.1x0.1x2.5x2.4x

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Open Up Group Investment Activity

Open Up Group has invested in 1 company to date.

Latest investment by Open Up Group was on July 18th 2024. Open Up Group invested in ROXX in their $3M Seed round (EV/Revenue multiple of ).

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Latest Investments by Open Up Group

ROXX
Description
ROXX Inc is engaged in Z Career Platform Business and Back Check Business.
HQ CountryJapan
HQ City
Tokyo
Deal Date18 Jul 2024
RoundSeed
Raised$3M
InvestorsDarwin Venture Management; Fundnote; Heights Capital Management; Open Up Group
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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About Open Up Group

When was Open Up Group founded?Open Up Group was founded in 1997.
Where is Open Up Group headquartered?Open Up Group is headquartered in Japan.
How many employees does Open Up Group have?As of today, Open Up Group has over 17K employees.
Who is the CEO of Open Up Group?Open Up Group's CEO is Yutaka Nishida.
Is Open Up Group publicly listed?Yes, Open Up Group is a public company listed on Tokyo Stock Exchange.
What is the stock symbol of Open Up Group?Open Up Group trades under 2154 ticker.
When did Open Up Group go public?Open Up Group went public in 2007.
Who are competitors of Open Up Group?Open Up Group main competitors include Matrix Design Co., JAC Recruitment, McMillan Shakespeare, Timee, Insperity, Kforce, BrightView, Synergie, Barrett Bus Services, Hays.
What is the current market cap of Open Up Group?Open Up Group's current market cap is $942M.
What is the current revenue of Open Up Group?Open Up Group's last 12 months revenue is $1B.
What is the current revenue growth of Open Up Group?Open Up Group revenue growth (NTM/LTM) is 3%.
What is the current EV/Revenue multiple of Open Up Group?Current revenue multiple of Open Up Group is 0.8x.
Is Open Up Group profitable?Yes, Open Up Group is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Open Up Group?Open Up Group's last 12 months EBITDA is $121M.
What is Open Up Group's EBITDA margin?Open Up Group's last 12 months EBITDA margin is 11%.
What is the current EV/EBITDA multiple of Open Up Group?Current EBITDA multiple of Open Up Group is 7.1x.
What is the current FCF of Open Up Group?Open Up Group's last 12 months FCF is $73M.
What is Open Up Group's FCF margin?Open Up Group's last 12 months FCF margin is 7%.
What is the current EV/FCF multiple of Open Up Group?Current FCF multiple of Open Up Group is 11.8x.
How many companies Open Up Group has acquired to date?Open Up Group hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Open Up Group has invested to date?As of May 2026, Open Up Group has invested in 1 company.
What was the last Open Up Group investment?On 18th July 2024 Open Up Group invested in ROXX, participating in a $3M Seed round, alongside Darwin Venture Management, Fundnote, and Heights Capital Management.
In what companies Open Up Group invested in?Open Up Group invested in ROXX.

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