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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.
2005
1.8K+
LTM Revenue $866M
LTM EBITDA $120M
$2.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Shift has a last 12-month revenue (LTM) of $866M and a last 12-month EBITDA of $120M.
In the most recent fiscal year, Shift achieved revenue of $759M and an EBITDA of $82.2M.
Shift expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Shift valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $866M | XXX | $759M | XXX | XXX | XXX |
| Gross Profit | $318M | XXX | $243M | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $120M | XXX | $82.2M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 11% | XXX | XXX | XXX |
| EBIT | $99.8M | XXX | $72.3M | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $57.4M | XXX | $35.2M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Shift's stock price is JPY 1673 (or $11).
Shift has current market cap of JPY 440B (or $3.0B), and EV of JPY 429B (or $2.9B).
See Shift trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.9B | $3.0B | XXX | XXX | XXX | XXX | $0.22 |
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Start Free TrialAs of May 30, 2025, Shift has market cap of $3.0B and EV of $2.9B.
Shift's trades at 3.6x EV/Revenue multiple, and 30.0x EV/EBITDA.
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 52.6x.
See valuation multiples for Shift and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.0B | XXX | $3.0B | XXX | XXX | XXX |
| EV (current) | $2.9B | XXX | $2.9B | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 24.5x | XXX | 30.0x | XXX | XXX | XXX |
| EV/EBIT | 29.5x | XXX | 34.8x | XXX | XXX | XXX |
| EV/Gross Profit | 9.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | 52.6x | XXX | 67.7x | XXX | XXX | XXX |
| EV/FCF | 86.8x | XXX | 100.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialShift's last 12 month revenue growth is 20%
Shift's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Shift's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shift's rule of X is 63% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Shift and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 33% | XXX | 32% | XXX | XXX | XXX |
| Rule of 40 | 32% | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 63% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 22% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | 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 acquired XXX companies to date.
Last acquisition by Shift was XXXXXXXX, XXXXX XXXXX XXXXXX . Shift acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| 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 1.8K+ employees. |
| Who is the CEO of Shift? | Shift's CEO is Mr. Masaru Tange. |
| Is Shift publicy listed? | Yes, Shift is a public company listed on TKS. |
| 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? | Similar companies to Shift include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of Shift? | Shift's current market cap is $3.0B |
| What is the current revenue of Shift? | Shift's last 12 months revenue is $866M. |
| What is the current revenue growth of Shift? | Shift revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of Shift? | Current revenue multiple of Shift is 3.4x. |
| 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 $120M. |
| 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 24.5x. |
| What is the current FCF of Shift? | Shift's last 12 months FCF is $33.9M. |
| What is Shift's FCF margin? | Shift's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Shift? | Current FCF multiple of Shift is 86.8x. |
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