Kikkoman Corp
TSE:2801

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Kikkoman Corp
TSE:2801
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Price: 1 449 JPY 0.35% Market Closed
Market Cap: ¥1.4T

EV/EBIT

17.7
Current
8%
Cheaper
vs 3-y average of 19.2

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
17.7
=
Enterprise Value
¥1.3T
/
EBIT
¥72B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
17.7
=
Enterprise Value
¥1.3T
/
EBIT
¥72B

Valuation Scenarios

Kikkoman Corp is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (19.2), the stock would be worth ¥1 574.05 (9% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-23%
Maximum Upside
+9%
Average Downside
13%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 17.7 ¥1 449
0%
3-Year Average 19.2 ¥1 574.05
+9%
5-Year Average 14.9 ¥1 223.47
-16%
Industry Average 13.7 ¥1 127.08
-22%
Country Average 13.6 ¥1 117.64
-23%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
¥1.3T
/
Jan 2026
¥72B
=
17.7
Current
¥1.3T
/
Mar 2026
¥74.4B
=
18.1
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
JP
Kikkoman Corp
TSE:2801
1.3T JPY 17.7 22.6
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 318 284.3 540 752.8
CH
Nestle SA
SIX:NESN
194.3B CHF 17.6 22.8
US
Mondelez International Inc
NASDAQ:MDLZ
71.8B USD 25 30
FR
Danone SA
PAR:BN
43.6B EUR 13.5 24
ZA
Tiger Brands Ltd
JSE:TBS
49.6B ZAR 11.7 13
US
Hershey Co
NYSE:HSY
38.3B USD 28.6 44.1
CN
Muyuan Foods Co Ltd
SZSE:002714
244.3B CNY 15.3 15.4
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
232.6B CNY 24.8 33
ZA
Avi Ltd
JSE:AVI
33.7B ZAR 8.9 13.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.3B CHF 25.1 32.5

Market Distribution

In line with most companies in Japan
Percentile
68th
Based on 4 801 companies
68th percentile
17.7
Low
0.1 — 9.8
Typical Range
9.8 — 18.1
High
18.1 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 9.8
Median 13.6
70th Percentile 18.1
Max 414 821 439

Kikkoman Corp
Glance View

In the bustling corridors of Japan's food industry, Kikkoman Corporation stands as a venerable name with a rich history stretching back to the 17th century. Originally a family-run enterprise in Noda, the company blossomed into a global icon, celebrated primarily for its signature soy sauce. Soy sauce, as simple as it sounds, is more than just a condiment in Kikkoman's hands. It's crafted meticulously using time-tested fermentation techniques that balance soybeans, wheat, salt, and water, harmonizing these ingredients over several months to produce its inimitable flavor profile. This artisanal attention to detail has catapulted Kikkoman to the forefront of global soy sauce production, offering their product not just to households but integrally into the food service and culinary arts sectors worldwide. Yet, Kikkoman's strategic vision extends beyond its stalwart soy sauce production. The company has diversified its portfolio, integrating operations across various segments, including food seasonings and processed foods, beverages, and health and wellness products. Kikkoman adeptly employs a model that marries tradition with innovation, leveraging their extensive distribution networks to introduce an array of sauces, dipping condiments, and even alcoholic beverages like sake, into diverse markets across Asia, North America, and Europe. The company’s operations are underscored by its commitment to sustainability and quality, which resonate well with conscientious consumers, ensuring that Kikkoman's brand remains synonymous with trust and authenticity worldwide. As a result, the company continues to enjoy robust revenue streams, skillfully navigating cultural gastronomic trends while perpetually setting the bar in culinary innovation.

Intrinsic Value
1 237.79 JPY
Overvaluation 15%
Intrinsic Value
Price ¥1 449
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