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Toho Valuation Multiples
Discover revenue and EBITDA valuation multiples for Toho and similar public comparables like MSG Sports, Nexstar Media Group, Planet Fitness, CD Projekt and more.
Toho Overview
About Toho
Toho Co Ltd is a diversified media company with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.
Founded
1932
HQ

Employees
7.2K
Website
Financials (LTM)
EV
$7B
Toho Financials
Toho reported last 12-month revenue of $2B and EBITDA of $539M.
In the same LTM period, Toho generated $1B in gross profit, $539M in EBITDA, and $343M in net income.
Revenue (LTM)
Toho P&L
In the most recent fiscal year, Toho reported revenue of $2B and EBITDA of $555M.
Toho expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $905M | XXX | XXX | XXX |
| Gross Margin | 45% | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $539M | XXX | $555M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $343M | XXX | $304M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 14% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Toho Stock Performance
Toho has current market cap of $8B, and enterprise value of $7B.
Market Cap Evolution
Toho's stock price is $9.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $8B | -0.3% | XXX | XXX | XXX | $0.36 |
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Start Free TrialToho Valuation Multiples
Toho trades at 3.2x EV/Revenue multiple, and 13.6x EV/EBITDA.
EV / Revenue (LTM)
Toho Financial Valuation Multiples
As of March 15, 2026, Toho has market cap of $8B and EV of $7B.
Equity research analysts estimate Toho's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Toho has a P/E ratio of 23.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBITDA | 13.6x | XXX | 13.2x | XXX | XXX | XXX |
| EV/EBIT | 16.0x | XXX | 16.2x | XXX | XXX | XXX |
| EV/Gross Profit | 7.1x | XXX | 8.1x | XXX | XXX | XXX |
| P/E | 23.3x | XXX | 26.3x | XXX | XXX | XXX |
| EV/FCF | 30.9x | XXX | 31.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Toho 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.


Toho Margins & Growth Rates
Toho's revenue in the last 12 month grew by 1%.
Toho's revenue per employee in the last FY averaged $0.3M.
Toho's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Toho's rule of X is 25% (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).
Toho Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 25% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Toho Public Comps
See public comps and valuation multiples for other Content Production and Lifestyle & Recreation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MSG Sports | XXX | XXX | XXX | XXX | XXX | XXX |
| Nexstar Media Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Planet Fitness | XXX | XXX | XXX | XXX | XXX | XXX |
| CD Projekt | XXX | XXX | XXX | XXX | XXX | XXX |
| RTL Group | 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.
Toho M&A Activity
Toho acquired XXX companies to date.
Last acquisition by Toho was on XXXXXXXX, XXXXX. Toho acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Toho
| 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 TrialToho Investment Activity
Toho invested in XXX companies to date.
Toho made its latest investment on XXXXXXXX, XXXXX. Toho invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Toho
| 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 Toho
| When was Toho founded? | Toho was founded in 1932. |
| Where is Toho headquartered? | Toho is headquartered in Japan. |
| How many employees does Toho have? | As of today, Toho has over 7K employees. |
| Is Toho publicly listed? | Yes, Toho is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Toho? | Toho trades under 9602 ticker. |
| When did Toho go public? | Toho went public in 1949. |
| Who are competitors of Toho? | Toho main competitors are MSG Sports, Nexstar Media Group, Planet Fitness, CD Projekt. |
| What is the current market cap of Toho? | Toho's current market cap is $8B. |
| What is the current revenue of Toho? | Toho's last 12 months revenue is $2B. |
| What is the current revenue growth of Toho? | Toho revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Toho? | Current revenue multiple of Toho is 3.2x. |
| Is Toho profitable? | Yes, Toho is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Toho? | Toho's last 12 months EBITDA is $539M. |
| What is Toho's EBITDA margin? | Toho's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Toho? | Current EBITDA multiple of Toho is 13.6x. |
| What is the current FCF of Toho? | Toho's last 12 months FCF is $237M. |
| What is Toho's FCF margin? | Toho's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Toho? | Current FCF multiple of Toho is 30.9x. |
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