Forum Engineering Inc
TSE:7088

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Forum Engineering Inc
TSE:7088
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Price: 1 700 JPY Market Closed
Market Cap: ¥90.8B

EV/EBITDA

15.3
Current
53%
More Expensive
vs 3-y average of 10

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

EV/EBITDA
15.3
=
Enterprise Value
¥79.1B
/
EBITDA
¥5.2B

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

EV/EBITDA
15.3
=
Enterprise Value
¥79.1B
/
EBITDA
¥5.2B

Valuation Scenarios

Forum Engineering Inc is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (10), the stock would be worth ¥1 109.64 (35% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-46%
Maximum Upside
No Upside Scenarios
Average Downside
42%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15.3 ¥1 700
0%
3-Year Average 10 ¥1 109.64
-35%
5-Year Average 8.3 ¥916.96
-46%
Industry Average 8.6 ¥954.99
-44%
Country Average 8.7 ¥962.91
-43%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥79.1B
/
Jan 2026
¥5.2B
=
15.3
Current
¥79.1B
/
Mar 2026
¥5.6B
=
14
Forward
¥79.1B
/
Mar 2027
¥6.6B
=
12
Forward
¥79.1B
/
Mar 2028
¥7.8B
=
10.2
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
JP
Forum Engineering Inc
TSE:7088
90.3B JPY 15.3 30.4
JP
Recruit Holdings Co Ltd
TSE:6098
11T JPY 16.1 26.6
NL
Randstad NV
AEX:RAND
4.3B EUR 6.3 14.7
CN
51job Inc
F:IWQ
3.9B EUR 39.1 49
US
Robert Half Inc
SWB:RHJ
3.5B EUR 28.4 30.9
CH
Adecco Group AG
SIX:ADEN
3.2B CHF 7 11.7
PL
Benefit Systems SA
WSE:BFT
12.8B PLN 11.6 22.4
US
Korn Ferry
NYSE:KFY
3.4B USD 5.9 13
JP
Persol Holdings Co Ltd
TSE:2181
537B JPY 5 13.6
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 17 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
23.1B HKD -222 -222.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JP
Forum Engineering Inc
TSE:7088
Average EV/EBITDA: 15.2
15.3
19%
0.8
JP
Recruit Holdings Co Ltd
TSE:6098
16.1
14%
1.2
NL
R
Randstad NV
AEX:RAND
6.3
9%
0.7
CN
5
51job Inc
F:IWQ
39.1
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
28.4
53%
0.5
CH
A
Adecco Group AG
SIX:ADEN
7
12%
0.6
PL
B
Benefit Systems SA
WSE:BFT
11.6
23%
0.5
US
Korn Ferry
NYSE:KFY
5.9
9%
0.7
JP
P
Persol Holdings Co Ltd
TSE:2181
5
7%
0.7
JP
TechnoPro Holdings Inc
TSE:6028
17
12%
1.4
SG
Jinhai International Group Holdings Ltd
HKEX:2225
Negative Multiple: -222 N/A N/A

Market Distribution

Higher than 79% of companies in Japan
Percentile
79th
Based on 5 051 companies
79th percentile
15.3
Low
0.1 — 6.7
Typical Range
6.7 — 12.2
High
12.2 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 6.7
Median 8.7
70th Percentile 12.2
Max 214 699 781.2

Forum Engineering Inc
Glance View

Forum Engineering, Inc. engages in temporary staffing and referral business for engineers. The company is headquartered in Minato-Ku, Tokyo-To and currently employs 4,311 full-time employees. The company went IPO on 2020-03-09. The clients cover eight major industries in the mechanical and electrical fields, including automobiles, transportation machineries, industrial machineries, precision equipment, electrical equipment, home appliances, electronic components, and information and communications. The firm dispatches technical staffs to client companies for design and development, experiment and evaluation, production technologies, and quality assurance. The engineer dispatch service has three features, including management of client companies by department, skill-based matching using artificial intelligence, and recruitment of human resources through a unique route. The firm also conducts engineer introduction and other businesses, and provides human resources services including engineer dispatch service, electromechanical engineer recruitment service, as well as human resource management services.

Intrinsic Value
1 324.73 JPY
Overvaluation 22%
Intrinsic Value
Price ¥1 700
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