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- Rinnai
Rinnai Valuation Multiples
Discover revenue and EBITDA valuation multiples for Rinnai and similar public comparables like Groupe SEB, Coway, Breville Group, Whirlpool and more.
Rinnai Overview
About Rinnai
Rinnai Corporation is engaged in the manufacture and sale of thermal equipment. The company operates through six regional segments based on its production and sales systems: Japan, America, Australia, China, South Korea, and Indonesia. Its products include water heaters, kitchen appliances, air-conditioning appliances, commercial-use equipment, and others.
Founded
1950
HQ

Employees
12.5K
Website
Sectors
Financials (LTM)
EV
$2B
Rinnai Financials
Rinnai reported last 12-month revenue of $3B and EBITDA of $410M.
In the same LTM period, Rinnai generated $1B in gross profit, $410M in EBITDA, and $220M in net income.
Revenue (LTM)
Rinnai P&L
In the most recent fiscal year, Rinnai reported revenue of $3B and EBITDA of $428M.
Rinnai expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $984M | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $410M | XXX | $428M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $220M | XXX | $205M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Rinnai Stock Performance
Rinnai has current market cap of $3B, and enterprise value of $2B.
Market Cap Evolution
Rinnai's stock price is $23.63.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $3B | 0.2% | XXX | XXX | XXX | $1.48 |
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Start Free TrialRinnai Valuation Multiples
Rinnai trades at 0.6x EV/Revenue multiple, and 4.2x EV/EBITDA.
EV / Revenue (LTM)
Rinnai Financial Valuation Multiples
As of April 11, 2026, Rinnai has market cap of $3B and EV of $2B.
Equity research analysts estimate Rinnai's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Rinnai has a P/E ratio of 14.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 4.2x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBIT | 5.5x | XXX | 5.5x | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | 1.8x | XXX | XXX | XXX |
| P/E | 14.8x | XXX | 15.9x | XXX | XXX | XXX |
| EV/FCF | 11.0x | XXX | 6.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Rinnai 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.


Rinnai Margins & Growth Rates
Rinnai's revenue in the last 12 month grew by 5%.
Rinnai's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Rinnai's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Rinnai's rule of X is 24% (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).
Rinnai Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 24% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Rinnai Public Comps
See public comps and valuation multiples for other Home Appliances comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Groupe SEB | XXX | XXX | XXX | XXX | XXX | XXX |
| Coway | XXX | XXX | XXX | XXX | XXX | XXX |
| Breville Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Whirlpool | XXX | XXX | XXX | XXX | XXX | XXX |
| Hangzhou Robam Appliances | 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.
Rinnai M&A Activity
Rinnai acquired XXX companies to date.
Last acquisition by Rinnai was on XXXXXXXX, XXXXX. Rinnai acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Rinnai
| 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 TrialRinnai Investment Activity
Rinnai invested in XXX companies to date.
Rinnai made its latest investment on XXXXXXXX, XXXXX. Rinnai invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Rinnai
| 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 Rinnai
| When was Rinnai founded? | Rinnai was founded in 1950. |
| Where is Rinnai headquartered? | Rinnai is headquartered in Japan. |
| How many employees does Rinnai have? | As of today, Rinnai has over 12K employees. |
| Is Rinnai publicly listed? | Yes, Rinnai is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Rinnai? | Rinnai trades under 5947 ticker. |
| When did Rinnai go public? | Rinnai went public in 1982. |
| Who are competitors of Rinnai? | Rinnai main competitors are Groupe SEB, Coway, Breville Group, Whirlpool. |
| What is the current market cap of Rinnai? | Rinnai's current market cap is $3B. |
| What is the current revenue of Rinnai? | Rinnai's last 12 months revenue is $3B. |
| What is the current revenue growth of Rinnai? | Rinnai revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Rinnai? | Current revenue multiple of Rinnai is 0.6x. |
| Is Rinnai profitable? | Yes, Rinnai is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Rinnai? | Rinnai's last 12 months EBITDA is $410M. |
| What is Rinnai's EBITDA margin? | Rinnai's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Rinnai? | Current EBITDA multiple of Rinnai is 4.2x. |
| What is the current FCF of Rinnai? | Rinnai's last 12 months FCF is $157M. |
| What is Rinnai's FCF margin? | Rinnai's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Rinnai? | Current FCF multiple of Rinnai is 11.0x. |
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