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TBS Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for TBS Holdings and similar public comparables like Mango Excellent Media, Perfect World Co., Square Enix, Nexstar Media Group and more.
TBS Holdings Overview
About TBS Holdings
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
Founded
1951
HQ

Employees
16.6K
Website
Financials (LTM)
EV
$5B
TBS Holdings Financials
TBS Holdings reported last 12-month revenue of $3B and EBITDA of $272M.
In the same LTM period, TBS Holdings generated $881M in gross profit, $272M in EBITDA, and $340M in net income.
Revenue (LTM)
TBS Holdings P&L
In the most recent fiscal year, TBS Holdings reported revenue of $3B and EBITDA of $552M.
TBS Holdings 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 | $881M | XXX | $812M | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $272M | XXX | $552M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $340M | XXX | $301M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 11% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TBS Holdings Stock Performance
TBS Holdings has current market cap of $6B, and enterprise value of $5B.
Market Cap Evolution
TBS Holdings' stock price is $36.74.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $6B | 0.3% | XXX | XXX | XXX | $1.92 |
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Start Free TrialTBS Holdings Valuation Multiples
TBS Holdings trades at 2.0x EV/Revenue multiple, and 19.9x EV/EBITDA.
EV / Revenue (LTM)
TBS Holdings Financial Valuation Multiples
As of April 19, 2026, TBS Holdings has market cap of $6B and EV of $5B.
Equity research analysts estimate TBS Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TBS Holdings has a P/E ratio of 16.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 19.9x | XXX | 9.8x | XXX | XXX | XXX |
| EV/EBIT | 34.2x | XXX | 40.6x | XXX | XXX | XXX |
| EV/Gross Profit | 6.2x | XXX | 6.7x | XXX | XXX | XXX |
| P/E | 16.9x | XXX | 19.1x | XXX | XXX | XXX |
| EV/FCF | 13.4x | XXX | 21.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TBS Holdings 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.


TBS Holdings Margins & Growth Rates
TBS Holdings' revenue in the last 12 month grew by 2%.
TBS Holdings' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
TBS Holdings' rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TBS Holdings' rule of X is 18% (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).
TBS Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | (51%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TBS Holdings Public Comps
See public comps and valuation multiples for other TV Broadcasting and Content Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TBS Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Mango Excellent Media | XXX | XXX | XXX | XXX | XXX | XXX |
| Perfect World Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Square Enix | XXX | XXX | XXX | XXX | XXX | XXX |
| Nexstar Media Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Graham Holdings | 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.
TBS Holdings M&A Activity
TBS Holdings acquired XXX companies to date.
Last acquisition by TBS Holdings was on XXXXXXXX, XXXXX. TBS Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TBS Holdings
| 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 TrialTBS Holdings Investment Activity
TBS Holdings invested in XXX companies to date.
TBS Holdings made its latest investment on XXXXXXXX, XXXXX. TBS Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TBS Holdings
| 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 TBS Holdings
| When was TBS Holdings founded? | TBS Holdings was founded in 1951. |
| Where is TBS Holdings headquartered? | TBS Holdings is headquartered in Japan. |
| How many employees does TBS Holdings have? | As of today, TBS Holdings has over 16K employees. |
| Who is the CEO of TBS Holdings? | TBS Holdings' CEO is Ryujiro Abe. |
| Is TBS Holdings publicly listed? | Yes, TBS Holdings is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of TBS Holdings? | TBS Holdings trades under 9401 ticker. |
| When did TBS Holdings go public? | TBS Holdings went public in 1960. |
| Who are competitors of TBS Holdings? | TBS Holdings main competitors are Mango Excellent Media, Perfect World Co., Square Enix, Nexstar Media Group. |
| What is the current market cap of TBS Holdings? | TBS Holdings' current market cap is $6B. |
| What is the current revenue of TBS Holdings? | TBS Holdings' last 12 months revenue is $3B. |
| What is the current revenue growth of TBS Holdings? | TBS Holdings revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of TBS Holdings? | Current revenue multiple of TBS Holdings is 2.0x. |
| Is TBS Holdings profitable? | Yes, TBS Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TBS Holdings? | TBS Holdings' last 12 months EBITDA is $272M. |
| What is TBS Holdings' EBITDA margin? | TBS Holdings' last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of TBS Holdings? | Current EBITDA multiple of TBS Holdings is 19.9x. |
| What is the current FCF of TBS Holdings? | TBS Holdings' last 12 months FCF is $403M. |
| What is TBS Holdings' FCF margin? | TBS Holdings' last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of TBS Holdings? | Current FCF multiple of TBS Holdings is 13.4x. |
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