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Tokyotokeiba Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tokyotokeiba and similar public comparables like Accel Entertainment, Paradise, Better Collective, IFA Hotels & Resorts and more.
Tokyotokeiba Overview
About Tokyotokeiba
Tokyotokeiba Co Ltd is a gambling company primarily engaged in horse racing. The company has four major business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan.
Founded
1949
HQ

Employees
206
Website
Financials (LTM)
EV
$934M
Tokyotokeiba Financials
Tokyotokeiba reported last 12-month revenue of $273M and EBITDA of $144M.
In the same LTM period, Tokyotokeiba generated $117M in gross profit, $144M in EBITDA, and $69M in net income.
Revenue (LTM)
Tokyotokeiba P&L
In the most recent fiscal year, Tokyotokeiba reported revenue of $272M and EBITDA of $143M.
Tokyotokeiba expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $273M | XXX | $272M | XXX | XXX | XXX |
| Gross Profit | $117M | XXX | $111M | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $144M | XXX | $143M | XXX | XXX | XXX |
| EBITDA Margin | 53% | XXX | 52% | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $69M | XXX | $68M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 25% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tokyotokeiba Stock Performance
Tokyotokeiba has current market cap of $962M, and enterprise value of $934M.
Market Cap Evolution
Tokyotokeiba's stock price is $36.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $934M | $962M | 0.3% | XXX | XXX | XXX | $2.62 |
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Start Free TrialTokyotokeiba Valuation Multiples
Tokyotokeiba trades at 3.4x EV/Revenue multiple, and 6.5x EV/EBITDA.
EV / Revenue (LTM)
Tokyotokeiba Financial Valuation Multiples
As of April 19, 2026, Tokyotokeiba has market cap of $962M and EV of $934M.
Equity research analysts estimate Tokyotokeiba's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tokyotokeiba has a P/E ratio of 13.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $962M | XXX | $962M | XXX | XXX | XXX |
| EV (current) | $934M | XXX | $934M | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 6.5x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBIT | 9.2x | XXX | 9.3x | XXX | XXX | XXX |
| EV/Gross Profit | 8.0x | XXX | 8.4x | XXX | XXX | XXX |
| P/E | 13.9x | XXX | 14.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 11.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tokyotokeiba 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.


Tokyotokeiba Margins & Growth Rates
Tokyotokeiba's revenue in the last 12 month grew by 2%.
Tokyotokeiba's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.1M for the same period.
Tokyotokeiba's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tokyotokeiba's rule of X is 64% (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).
Tokyotokeiba Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 53% | XXX | 52% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 57% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tokyotokeiba Public Comps
See public comps and valuation multiples for other Casinos & Gambling and Online Betting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tokyotokeiba | XXX | XXX | XXX | XXX | XXX | XXX |
| Accel Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Paradise | XXX | XXX | XXX | XXX | XXX | XXX |
| Better Collective | XXX | XXX | XXX | XXX | XXX | XXX |
| IFA Hotels & Resorts | XXX | XXX | XXX | XXX | XXX | XXX |
| AGTech 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.
Tokyotokeiba M&A Activity
Tokyotokeiba acquired XXX companies to date.
Last acquisition by Tokyotokeiba was on XXXXXXXX, XXXXX. Tokyotokeiba acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tokyotokeiba
| 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 TrialTokyotokeiba Investment Activity
Tokyotokeiba invested in XXX companies to date.
Tokyotokeiba made its latest investment on XXXXXXXX, XXXXX. Tokyotokeiba invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tokyotokeiba
| 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 Tokyotokeiba
| When was Tokyotokeiba founded? | Tokyotokeiba was founded in 1949. |
| Where is Tokyotokeiba headquartered? | Tokyotokeiba is headquartered in Japan. |
| How many employees does Tokyotokeiba have? | As of today, Tokyotokeiba has over 206 employees. |
| Is Tokyotokeiba publicly listed? | Yes, Tokyotokeiba is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Tokyotokeiba? | Tokyotokeiba trades under 9672 ticker. |
| When did Tokyotokeiba go public? | Tokyotokeiba went public in 1955. |
| Who are competitors of Tokyotokeiba? | Tokyotokeiba main competitors are Accel Entertainment, Paradise, Better Collective, IFA Hotels & Resorts. |
| What is the current market cap of Tokyotokeiba? | Tokyotokeiba's current market cap is $962M. |
| What is the current revenue of Tokyotokeiba? | Tokyotokeiba's last 12 months revenue is $273M. |
| What is the current revenue growth of Tokyotokeiba? | Tokyotokeiba revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Tokyotokeiba? | Current revenue multiple of Tokyotokeiba is 3.4x. |
| Is Tokyotokeiba profitable? | Yes, Tokyotokeiba is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tokyotokeiba? | Tokyotokeiba's last 12 months EBITDA is $144M. |
| What is Tokyotokeiba's EBITDA margin? | Tokyotokeiba's last 12 months EBITDA margin is 53%. |
| What is the current EV/EBITDA multiple of Tokyotokeiba? | Current EBITDA multiple of Tokyotokeiba is 6.5x. |
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