Tokyo Gas Valuation Multiples

Tokyo Gas Overview

About Tokyo Gas

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

Founded

1885

HQ

Employees

15.6K

Website

tokyo-gas.co.jp

Sectors

UtilitiesEnergy Production

Financials (LTM)

Revenue: $18B

EBITDA: $3B

EV

$22B

Valuation Multiples

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Tokyo Gas Financials

Tokyo Gas reported last 12-month revenue of $18B and EBITDA of $3B.

In the same LTM period, Tokyo Gas generated $3B in EBITDA and $1B in net income.

Tokyo Gas P&L

In the most recent fiscal year, Tokyo Gas reported revenue of $18B and EBITDA of $3B.

Tokyo Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX

Tokyo Gas Stock Performance

Tokyo Gas has current market cap of $16B, and enterprise value of $22B.

Tokyo Gas' stock price is $48.74.

Tokyo Gas Valuation Multiples

Tokyo Gas trades at 1.2x EV/Revenue multiple, and 7.8x EV/EBITDA.

Tokyo Gas Financial Valuation Multiples

As of March 10, 2026, Tokyo Gas has market cap of $16B and EV of $22B.

Equity research analysts estimate Tokyo Gas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Tokyo Gas has a P/E ratio of 13.6x.

Tokyo Gas Margins & Growth Rates

Tokyo Gas' revenue in the last 12 month grew by 1%.

Tokyo Gas' revenue per employee in the last FY averaged $1.2M.

Tokyo Gas' rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Tokyo Gas' rule of X is 17% (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).

Tokyo Gas Public Comps

See public comps and valuation multiples for other Utilities and Energy Production comps.

Tokyo Gas M&A Activity

Tokyo Gas acquired XXX companies to date.

Last acquisition by Tokyo Gas was on XXXXXXXX, XXXXX. Tokyo Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Tokyo Gas Investment Activity

Tokyo Gas invested in XXX companies to date.

Tokyo Gas made its latest investment on XXXXXXXX, XXXXX. Tokyo Gas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).