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Tokyo Metro Valuation Multiples

Discover revenue and EBITDA valuation multiples for Tokyo Metro and similar public comparables like Rumo, Tokyu, Aurizon Holdings, Taiwan High Speed Rail and more.

Tokyo Metro Overview

About Tokyo Metro

Tokyo Metro Co Ltd is engaged in the transportation, real estate, distribution, and advertising businesses. The Transportation segment operates and manages a subway network of nine lines mainly in the Tokyo metropolitan area. The Real Estate segment develops and rents office buildings and hotels, such as Shibuya Mark City, along railway lines. The Distribution and Advertising segment operates commercial facilities like Echika at subway stations and handles advertising within stations and trains, as well as information and communication services. It generates the majority of its revenue from the Transportation segment.


Founded

2004

HQ

Japan

Employees

13.2K

Sectors

Financials (LTM)

Revenue: $3B
EBITDA: $1B

EV

$13B

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Tokyo Metro Financials

Tokyo Metro reported last 12-month revenue of $3B and EBITDA of $1B.

In the same LTM period, Tokyo Metro generated $913M in gross profit, $1B in EBITDA, and $371M in net income.

Revenue (LTM)


Tokyo Metro P&L

In the most recent fiscal year, Tokyo Metro reported revenue of $3B and EBITDA of $1B.

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

See Tokyo Metro forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$3BXXX$3BXXXXXXXXX
Gross Profit$913MXXX—XXXXXXXXX
Gross Margin34%XXX—XXXXXXXXX
EBITDA$1BXXX$1BXXXXXXXXX
EBITDA Margin39%XXX39%XXXXXXXXX
EBIT Margin21%XXX21%XXXXXXXXX
Net Profit$371MXXX$378MXXXXXXXXX
Net Margin14%XXX13%XXXXXXXXX
Net Debt——$7BXXXXXXXXX

Financial data powered by Morningstar, Inc.

Tokyo Metro Stock Performance

Tokyo Metro has current market cap of $6B, and enterprise value of $13B.

Market Cap Evolution


Tokyo Metro's stock price is $10.59.

See Tokyo Metro trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$13B$6B(0.4%)XXXXXXXXX$0.65

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Tokyo Metro Valuation Multiples

Tokyo Metro trades at 4.7x EV/Revenue multiple, and 12.1x EV/EBITDA.

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EV / Revenue (LTM)


Tokyo Metro Financial Valuation Multiples

As of March 7, 2026, Tokyo Metro has market cap of $6B and EV of $13B.

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

Tokyo Metro has a P/E ratio of 16.6x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$6BXXX$6BXXXXXXXXX
EV (current)$13BXXX$13BXXXXXXXXX
EV/Revenue4.7xXXX4.4xXXXXXXXXX
EV/EBITDA12.1xXXX11.2xXXXXXXXXX
EV/EBIT22.0xXXX20.5xXXXXXXXXX
EV/Gross Profit13.7xXXX—XXXXXXXXX
P/E16.6xXXX16.3xXXXXXXXXX
EV/FCF275.4xXXX70.8xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Tokyo Metro Valuation Multiples

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Tokyo Metro Margins & Growth Rates

Tokyo Metro's revenue in the last 12 month grew by 2%.

Tokyo Metro's revenue per employee in the last FY averaged $0.2M.

Tokyo Metro's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Tokyo Metro's rule of X is 44% (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).

See operational valuation multiples for Tokyo Metro and other 15K+ public comps

Tokyo Metro Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth2%XXX(6%)XXXXXXXXX
EBITDA Margin39%XXX39%XXXXXXXXX
EBITDA Growth2%XXX(8%)XXXXXXXXX
Rule of 40—XXX41%XXXXXXXXX
Bessemer Rule of X—XXX44%XXXXXXXXX
Revenue per Employee—XXX$0.2MXXXXXXXXX
Opex to Revenue—XXX71%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Tokyo Metro Public Comps

See public comps and valuation multiples for other Railways comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
RumoXXXXXXXXXXXXXXXXXX
TokyuXXXXXXXXXXXXXXXXXX
Aurizon HoldingsXXXXXXXXXXXXXXXXXX
Taiwan High Speed RailXXXXXXXXXXXXXXXXXX
Inner Mongolia First Machinery GroupXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Tokyo Metro M&A Activity

Tokyo Metro acquired XXX companies to date.

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

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Latest Acquisitions by Tokyo Metro

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Tokyo Metro Investment Activity

Tokyo Metro invested in XXX companies to date.

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

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Latest Investments by Tokyo Metro

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Tokyo Metro

When was Tokyo Metro founded?Tokyo Metro was founded in 2004.
Where is Tokyo Metro headquartered?Tokyo Metro is headquartered in Japan.
How many employees does Tokyo Metro have?As of today, Tokyo Metro has over 13K employees.
Who is the CEO of Tokyo Metro?Tokyo Metro's CEO is Akiyoshi Yamamura.
Is Tokyo Metro publicly listed?Yes, Tokyo Metro is a public company listed on Tokyo Stock Exchange.
What is the stock symbol of Tokyo Metro?Tokyo Metro trades under 9023 ticker.
When did Tokyo Metro go public?Tokyo Metro went public in 2024.
Who are competitors of Tokyo Metro?Tokyo Metro main competitors are Rumo, Tokyu, Aurizon Holdings, Taiwan High Speed Rail.
What is the current market cap of Tokyo Metro?Tokyo Metro's current market cap is $6B.
What is the current revenue of Tokyo Metro?Tokyo Metro's last 12 months revenue is $3B.
What is the current revenue growth of Tokyo Metro?Tokyo Metro revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Tokyo Metro?Current revenue multiple of Tokyo Metro is 4.7x.
Is Tokyo Metro profitable?Yes, Tokyo Metro is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Tokyo Metro?Tokyo Metro's last 12 months EBITDA is $1B.
What is Tokyo Metro's EBITDA margin?Tokyo Metro's last 12 months EBITDA margin is 39%.
What is the current EV/EBITDA multiple of Tokyo Metro?Current EBITDA multiple of Tokyo Metro is 12.1x.
What is the current FCF of Tokyo Metro?Tokyo Metro's last 12 months FCF is $45M.
What is Tokyo Metro's FCF margin?Tokyo Metro's last 12 months FCF margin is 2%.
What is the current EV/FCF multiple of Tokyo Metro?Current FCF multiple of Tokyo Metro is 275.4x.

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