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Shift Valuation Multiples
Discover revenue and EBITDA valuation multiples for Shift and similar public comparables like Sify Technologies, Datatec, Sonaecom, Nagarro and more.
Shift Overview
About Shift
Shift Inc provides software testing services. The company’s solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.
Founded
2005
HQ
Employees
1.8K
Website
Sectors
Financials (LTM)
EV
$1B
Shift Financials
Shift reported last 12-month revenue of $922M and EBITDA of $128M.
In the same LTM period, Shift generated $306M in gross profit, $128M in EBITDA, and $67M in net income.
Revenue (LTM)
Shift P&L
In the most recent fiscal year, Shift reported revenue of $857M and EBITDA of $121M.
Shift expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $922M | XXX | $857M | XXX | XXX | XXX |
| Gross Profit | $306M | XXX | $282M | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $128M | XXX | $121M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $67M | XXX | $59M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Shift Stock Performance
Shift has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Shift's stock price is $4.18.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.0% | XXX | XXX | XXX | $0.23 |
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Start Free TrialShift Valuation Multiples
Shift trades at 1.1x EV/Revenue multiple, and 7.9x EV/EBITDA.
EV / Revenue (LTM)
Shift Financial Valuation Multiples
As of March 16, 2026, Shift has market cap of $1B and EV of $1B.
Equity research analysts estimate Shift's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Shift has a P/E ratio of 15.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 7.9x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 9.1x | XXX | 9.7x | XXX | XXX | XXX |
| EV/Gross Profit | 3.3x | XXX | 3.6x | XXX | XXX | XXX |
| P/E | 15.8x | XXX | 18.1x | XXX | XXX | XXX |
| EV/FCF | (131.5x) | XXX | 11.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Shift 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.
Shift Margins & Growth Rates
Shift's revenue in the last 12 month grew by 16%.
Shift's revenue per employee in the last FY averaged $0.5M.
Shift's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shift's rule of X is 55% (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).
Shift Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Shift Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sify Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Datatec | XXX | XXX | XXX | XXX | XXX | XXX |
| Sonaecom | XXX | XXX | XXX | XXX | XXX | XXX |
| Nagarro | XXX | XXX | XXX | XXX | XXX | XXX |
| DTS | 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.
Shift M&A Activity
Shift acquired XXX companies to date.
Last acquisition by Shift was on XXXXXXXX, XXXXX. Shift acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Shift
| 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 TrialShift Investment Activity
Shift invested in XXX companies to date.
Shift made its latest investment on XXXXXXXX, XXXXX. Shift invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Shift
| 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 Shift
| When was Shift founded? | Shift was founded in 2005. |
| Where is Shift headquartered? | Shift is headquartered in Japan. |
| How many employees does Shift have? | As of today, Shift has over 1K employees. |
| Who is the CEO of Shift? | Shift's CEO is Masaru Tange. |
| Is Shift publicly listed? | Yes, Shift is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Shift? | Shift trades under 3697 ticker. |
| When did Shift go public? | Shift went public in 2014. |
| Who are competitors of Shift? | Shift main competitors are Sify Technologies, Datatec, Sonaecom, Nagarro. |
| What is the current market cap of Shift? | Shift's current market cap is $1B. |
| What is the current revenue of Shift? | Shift's last 12 months revenue is $922M. |
| What is the current revenue growth of Shift? | Shift revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Shift? | Current revenue multiple of Shift is 1.1x. |
| Is Shift profitable? | Yes, Shift is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Shift? | Shift's last 12 months EBITDA is $128M. |
| What is Shift's EBITDA margin? | Shift's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Shift? | Current EBITDA multiple of Shift is 7.9x. |
| What is the current FCF of Shift? | Shift's last 12 months FCF is ($8M). |
| What is Shift's FCF margin? | Shift's last 12 months FCF margin is (1%). |
| What is the current EV/FCF multiple of Shift? | Current FCF multiple of Shift is (131.5x). |
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