Trial Holdings Valuation Multiples

Trial Holdings Overview

About Trial Holdings

Trial Holdings Inc is a holding company. Along with its subsidiaries, it operates in the following reportable segments: Retail Distribution Business and Retail AI Business. The majority of its revenue is generated from the Retail Distribution Business, which operates discount stores across Japan, ranging from small to large, along with medium-sized supercenters. The product lineup of the stores focuses on food (especially fresh foods), and non-food items include daily necessities and hard goods. The Retail AI Business segment is mainly involved in research and development aimed at transforming stores into smart stores, as well as the sale of products and the outsourcing of services related to smart stores. In addition, the group is involved in real estate and resort-related businesses.

Founded

2015

HQ

Employees

23.5K

Website

trial-holdings.inc

Sectors

General Merchandise

Financials (LTM)

Revenue: $8B

EBITDA: $364M

EV

$5B

Valuation Multiples

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Trial Holdings Financials

Trial Holdings reported last 12-month revenue of $8B and EBITDA of $364M.

In the same LTM period, Trial Holdings generated $2B in gross profit, $364M in EBITDA, and $36M in net income.

Trial Holdings P&L

In the most recent fiscal year, Trial Holdings reported revenue of $5B and EBITDA of $237M.

Trial Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX

Trial Holdings Stock Performance

Trial Holdings has current market cap of $3B, and enterprise value of $5B.

Trial Holdings' stock price is $26.55.

Trial Holdings Valuation Multiples

Trial Holdings trades at 0.6x EV/Revenue multiple, and 13.6x EV/EBITDA.

Trial Holdings Financial Valuation Multiples

As of March 30, 2026, Trial Holdings has market cap of $3B and EV of $5B.

Equity research analysts estimate Trial Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Trial Holdings has a P/E ratio of 89.7x.

Trial Holdings Margins & Growth Rates

Trial Holdings' revenue in the last 12 month grew by 16%.

Trial Holdings' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Trial Holdings' rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Trial Holdings' rule of X is 79% (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).

Trial Holdings Public Comps

See public comps and valuation multiples for other General Merchandise comps.

Trial Holdings M&A Activity

Trial Holdings acquired XXX companies to date.

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

Trial Holdings Investment Activity

Trial Holdings invested in XXX companies to date.

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