Micware Valuation Multiples

Discover revenue and EBITDA valuation multiples for Micware and similar public comparables like Needs Well, q.beyond, Digital Hearts Holdings, Woongjin and more.

Micware Overview

About Micware

Micware Co Ltd is a Japan-based holding company that provides software development services and inventive information technology (IT) solutions mainly focused on the automotive and mobility sectors. Its main focus is the development and sale of in-vehicle infotainment (IVI) systems that cover a broad range of modern car functionality from multimedia to navigation, human-machine interface, telematics, and driver assistance. The group also engaged in the development of navigation software and location information-based smartphone applications. The Company operates its business units in the three operating segments: Software Defined Vehicles (SDV), Location-Based Services (LBS), and Other. The Company operates principally in Japan. All material revenue of the Company is derived from Japan.


Founded

2003

HQ

Japan

Employees

483

Financials (FY)

Revenue: $135M
EBITDA: $24M

EV

$113M

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Micware Financials

Micware reported last fiscal year revenue of $135M and EBITDA of $24M.

In the same fiscal year, Micware generated $50M in gross profit, $24M in EBITDA, and $10M in net income.


Micware P&L

In the most recent fiscal year, Micware reported revenue of $135M and EBITDA of $24M.

Micware is profitable as of last fiscal year, with gross margin of 37%, EBITDA margin of 18%, and net margin of 7%.

See analyst estimates for Micware
Last FY202320242025202620272028
Revenue$135M$108M$126M$134M
Gross Profit$50M$33M$43M$49M
Gross Margin37%30%34%36%
EBITDA$24M$19M$21M$24M
EBITDA Margin18%17%17%18%
EBIT Margin11%11%10%11%
Net Profit$10M$8M$8M$10M
Net Margin7%8%7%7%

Financial data powered by Morningstar, Inc.

Micware Stock Performance

Micware has current market cap of $105M, and enterprise value of $113M.

Market Cap Evolution


Micware's stock price is $1.77.

Micware share price decreased by 53.4% in the last 30 days.

Micware has an EPS (earnings per share) of $0.17.

See more trading valuation data for Micware
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$113M$105M0.6%-53.4%--$0.17

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Micware Valuation Multiples

Micware trades at 0.8x EV/Revenue multiple, and 4.6x EV/EBITDA.

See NTM and 2027E valuation multiples for Micware

Micware Financial Valuation Multiples

As of July 19, 2026, Micware has market cap of $105M and EV of $113M.

Micware has a P/E ratio of 10.7x.

Last FY202320242025202620272028
EV/Revenue0.8x1.0x0.9x0.8x
EV/EBITDA4.6x6.0x5.4x4.7x
EV/EBIT7.7x9.7x8.7x7.9x
EV/Gross Profit2.3x3.4x2.6x2.3x
P/E10.7x12.5x12.8x11.0x
EV/FCF10.3x88.2x13.4x10.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Micware 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.

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Micware Margins & Growth Rates

In the most recent fiscal year, Micware reported gross margin of 37%, EBITDA margin of 18%, and net margin of 7%.

See estimated margins and future growth rates for Micware

Micware Margins

Last FY202420252026202720282029
Gross Margin37%34%36%37%
EBITDA Margin18%17%18%18%
EBIT Margin11%10%11%11%
Net Margin7%7%7%7%
FCF Margin8%7%8%8%

Micware Growth Rates

23/2424/2525/2626/2727/2828/29
Revenue Growth17%6%1%
Gross Profit Growth32%13%1%
EBITDA Growth11%14%2%
EBIT Growth12%10%1%
Net Profit Growth(2%)16%3%
FCF Growth557%28%2%

Data powered by FactSet, Inc. and Morningstar, Inc.

Micware Operational KPIs

Micware's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Micware's Rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Micware's Rule of X is 20% (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).

Access forward-looking KPIs for Micware
Last FY202320242025202620272028
Rule of 4019%---
Bessemer Rule of X20%---
Revenue per Employee$0.3M---
Opex per Employee$0.1M---
S&M Expenses to Revenue1%0%0%1%
G&A Expenses to Revenue16%12%17%16%
R&D Expenses to Revenue7%5%5%7%
Opex to Revenue26%20%24%26%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Micware Competitors

Micware competitors include Needs Well, q.beyond, Digital Hearts Holdings, Woongjin, Atturra, ZG Group, Purity Tech, Galaxy Software Services, Spyrosoft and Bharat Global Developers.

Most Micware public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Needs Well1.3x1.3x9.7x-
q.beyond0.3x0.3x4.4x5.2x
Digital Hearts Holdings0.4x0.4x4.0x4.0x
Woongjin0.7x-3.3x-
Atturra0.5x0.4x5.1x5.0x
ZG Group1.0x-(4.1x)-
Purity Tech3.8x-83.9x-
Galaxy Software Services1.6x-8.8x-

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About Micware

When was Micware founded?Micware was founded in 2003.
Where is Micware headquartered?Micware is headquartered in Japan.
How many employees does Micware have?As of today, Micware has over 483 employees.
Is Micware publicly listed?Yes, Micware is a public company listed on Nasdaq.
What is the stock symbol of Micware?Micware trades under MWC ticker.
When did Micware go public?Micware went public in 2050.
Who are competitors of Micware?Micware main competitors include Needs Well, q.beyond, Digital Hearts Holdings, Woongjin, Atturra, ZG Group, Purity Tech, Galaxy Software Services, Spyrosoft, Bharat Global Developers.
What is the current market cap of Micware?Micware's current market cap is $105M.
What is the current revenue of Micware?Micware's last fiscal year revenue is $135M.
What is the current EV/Revenue multiple of Micware?Current revenue multiple of Micware is 0.8x.
Is Micware profitable?No, Micware is not profitable.
How many companies Micware has acquired to date?Micware hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Micware has invested to date?Micware hasn't invested in any companies yet (or none have been disclosed publicly).

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