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System Research Valuation Multiples
Discover revenue and EBITDA valuation multiples for System Research and similar public comparables like Core, Digia, Info-Tech Systems, Computer Institute and more.
System Research Overview
About System Research
System Research Co Ltd is a software application service provider in Japan. The business of the company includes SI service operations, outsourcing business, web-related business, software development work, software product business, and product sales.
Founded
1981
HQ

Employees
943
Website
Sectors
Financials (LTM)
EV
$132M
Valuation Multiples
Start free trialSystem Research Financials
System Research reported last 12-month revenue of $184M.
In the same LTM period, System Research generated $17M in net income.
Revenue (LTM)
System Research P&L
In the most recent fiscal year, System Research reported revenue of $162M and EBITDA of $21M.
System Research is profitable as of last fiscal year, with gross margin of 23%, EBITDA margin of 13%, and net margin of 8%.
Financial data powered by Morningstar, Inc.
System Research Stock Performance
System Research has current market cap of $179M, and enterprise value of $132M.
Market Cap Evolution
System Research's stock price is $10.77.
System Research share price decreased by 2.4% in the last 30 days, and by 12.7% in the last year.
System Research has an EPS (earnings per share) of $0.83.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $132M | $179M | -0.1% | -2.4% | 1.8% | -12.7% | $0.83 |
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Start Free TrialSystem Research Valuation Multiples
System Research trades at 0.7x EV/Revenue multiple, and 6.4x EV/EBITDA.
EV / Revenue (LTM)
System Research Financial Valuation Multiples
As of June 14, 2026, System Research has market cap of $179M and EV of $132M.
System Research has a P/E ratio of 10.8x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified System Research 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.


System Research Margins & Growth Rates
System Research grew revenue by 14% and net profit by 21% in the last fiscal year.
In the most recent fiscal year, System Research reported gross margin of 23%, EBITDA margin of 13%, and net margin of 8%.
System Research Margins
System Research Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
System Research Operational KPIs
System Research's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Data powered by FactSet, Inc. and Morningstar, Inc.
System Research Competitors
System Research competitors include Core, Digia, Info-Tech Systems, Computer Institute, InfoBeans, Dynacons, Saksoft, Startia Holdings, CAC Holdings and ISB Corporation.
Most System Research public comparables operate across IT Consulting.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 0.9x | 0.8x | 6.3x | - | |||
| 0.8x | 0.8x | 7.0x | 6.9x | |||
| 3.0x | 2.5x | 7.0x | 5.7x | |||
| 0.7x | 0.7x | 8.0x | - | |||
| 2.8x | - | 10.3x | - | |||
| 1.2x | - | 11.4x | - | |||
| 1.5x | - | 7.6x | - | |||
| 1.0x | 0.9x | 6.6x | - | |||
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Start Free TrialAbout System Research
| When was System Research founded? | System Research was founded in 1981. |
| Where is System Research headquartered? | System Research is headquartered in Japan. |
| How many employees does System Research have? | As of today, System Research has over 943 employees. |
| Is System Research publicly listed? | Yes, System Research is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of System Research? | System Research trades under 3771 ticker. |
| When did System Research go public? | System Research went public in 2005. |
| Who are competitors of System Research? | System Research main competitors include Core, Digia, Info-Tech Systems, Computer Institute, InfoBeans, Dynacons, Saksoft, Startia Holdings, CAC Holdings, ISB Corporation. |
| What is the current market cap of System Research? | System Research's current market cap is $179M. |
| What is the current revenue of System Research? | System Research's last 12 months revenue is $184M. |
| What is the current revenue growth of System Research? | System Research revenue growth (vs. last FY) is 14%. |
| What is the current EV/Revenue multiple of System Research? | Current revenue multiple of System Research is 0.7x. |
| What is the current net income of System Research? | System Research's last 12 months net income is $17M. |
| How many companies System Research has acquired to date? | System Research hasn't acquired any companies yet (or none have been disclosed publicly). |
| In how many companies System Research has invested to date? | System Research hasn't invested in any companies yet (or none have been disclosed publicly). |
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