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System Research Valuation Multiples
Discover revenue and EBITDA valuation multiples for System Research and similar public comparables like Digital Information Technologies, Digia, ZG Group, oRo Co. 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
$150M
System Research Financials
System Research reported last 12-month revenue of $179M.
In the same LTM period, System Research generated $15M in net income.
Revenue (LTM)
System Research P&L
In the most recent fiscal year, System Research reported revenue of $179M and EBITDA of $21M.
System Research expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $179M | XXX | $179M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $38M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 21% | XXX | XXX | XXX |
| EBITDA | — | XXX | $21M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $15M | XXX | $15M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
System Research Stock Performance
System Research has current market cap of $187M, and enterprise value of $150M.
Market Cap Evolution
System Research's stock price is $11.26.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $150M | $187M | 0.0% | XXX | XXX | XXX | $0.91 |
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Start Free TrialSystem Research Valuation Multiples
System Research trades at 0.8x EV/Revenue multiple, and 7.3x EV/EBITDA.
EV / Revenue (LTM)
System Research Financial Valuation Multiples
As of March 16, 2026, System Research has market cap of $187M and EV of $150M.
Equity research analysts estimate System Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
System Research has a P/E ratio of 12.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $187M | XXX | $187M | XXX | XXX | XXX |
| EV (current) | $150M | XXX | $150M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 7.3x | XXX | XXX | XXX |
| EV/EBIT | 7.3x | XXX | 7.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 4.0x | XXX | XXX | XXX |
| P/E | 12.3x | XXX | 12.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 27.8x | XXX | XXX | XXX |
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's revenue in the last fiscal year grew by 3%.
System Research's revenue per employee in the last FY averaged $0.2M.
System Research Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 3% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
System Research Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Digital Information Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Digia | XXX | XXX | XXX | XXX | XXX | XXX |
| ZG Group | XXX | XXX | XXX | XXX | XXX | XXX |
| oRo Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Columbus | 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.
System Research M&A Activity
System Research acquired XXX companies to date.
Last acquisition by System Research was on XXXXXXXX, XXXXX. System Research acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by System Research
| 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 TrialSystem Research Investment Activity
System Research invested in XXX companies to date.
System Research made its latest investment on XXXXXXXX, XXXXX. System Research invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by System Research
| 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 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 are Digital Information Technologies, Digia, ZG Group, oRo Co.. |
| What is the current market cap of System Research? | System Research's current market cap is $187M. |
| What is the current revenue of System Research? | System Research's last 12 months revenue is $179M. |
| What is the current EV/Revenue multiple of System Research? | Current revenue multiple of System Research is 0.8x. |
| Is System Research profitable? | Yes, System Research is net-income-positive (as of the last 12 months). |
| What is the current net income of System Research? | System Research's last 12 months net income is $15M. |
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