Rakuten Group
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
1.490.210.100.06
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$4.00$28.10$58.83$90.69

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
31.5243.4242.9613.046.91-37.85-11.71-12.94-2.46-3.56-4.72-4.72
Price/Sales ratio
3.712.702.081.520.890.990.931.040.480.580.770.99
Price/Book Value ratio
5.282.912.392.111.271.702.221.601.131.441.911.27
Price/Cash Flow ratio
19.9024.6653.178.906.763.931.303.01-3.581.672.253.93
Price/Free Cash Flow ratio
29.6380.41-67.2317.2616.9611.262.0610.21-1.323.244.4511.26
Price/Earnings Growth ratio
0.49-1.09-2.440.060.210.30-0.04-2.97-0.010.14-0.000.30
Dividend Yield
0.23%0.30%0.39%0.44%0.61%0.48%0.44%0.34%0.76%0.59%0.00%0.48%
Profitability Indicator Ratios
Gross Profit Margin
17.92%65.62%63.58%60.42%56.32%48.72%38.65%32.26%31.63%38.15%-7.20%48.72%
Operating Profit Margin
17.77%13.27%9.97%15.81%15.47%-2.81%-4.90%-10.34%-13.01%-7.90%-8.01%-2.81%
Pretax Profit Margin
17.41%12.89%9.45%14.62%15.01%-3.52%-10.37%-12.64%-21.15%-10.51%-10.38%-3.52%
Net Profit Margin
11.79%6.22%4.85%11.70%12.91%-2.61%-7.95%-8.07%-19.49%-16.38%-16.39%-2.61%
Effective Tax Rate
31.79%51.86%48.59%19.98%14.22%25.78%23.29%36.12%7.84%-51.34%-51.98%25.78%
Return on Assets
1.91%1.04%0.82%1.78%1.93%-0.36%-0.92%-0.80%-1.83%-1.50%-1.50%-0.36%
Return On Equity
16.75%6.71%5.58%16.18%18.37%-4.49%-19.02%-12.41%-46.19%-40.57%-38.23%-4.49%
Return on Capital Employed
3.02%2.31%1.76%2.50%2.40%-0.40%-0.58%-1.05%-1.25%-0.73%-2.92%-0.40%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.84N/A
Quick Ratio
14.0913.7916.0217.6517.6515.4923.5227.4727.3843.170.5215.49
Cash ratio
2.612.672.823.243.684.318.7210.8610.0111.390.304.31
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/A598.65649.15N/A
Days of Inventory outstanding
-580.81-1.04K-1.08K-986.27-922.50-409.45-575.62-486.65-413.91N/AN/A-922.50
Operating Cycle
-580.81-1.04K-1.08K-986.27-922.50-409.45-575.62-486.65-413.91598.65649.15-922.50
Days of Payables Outstanding
101.81241.93232.40198.10193.75185.55137.92125.75124.78119.6369.01185.55
Cash Conversion Cycle
-682.62-1.28K-1.31K-1.18K-1.11K-595.00-713.55-612.40-538.69479.01580.13-1.11K
Debt Ratios
Debt Ratio
0.160.150.150.160.160.180.190.200.240.210.200.16
Debt Equity Ratio
1.390.981.041.481.592.344.083.116.035.735.421.59
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/A0.800.75N/A0.850.82N/A
Total Debt to Capitalization
0.580.490.510.590.610.700.800.750.850.850.840.61
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-1.91N/A
Cash Flow to Debt Ratio
0.180.120.040.150.110.180.410.17-0.050.150.150.11
Company Equity Multiplier
8.736.446.769.059.4812.4520.5715.3825.1127.0427.049.48
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.180.100.030.170.130.250.710.34-0.130.340.340.13
Free Cash Flow / Operating Cash Flow Ratio
0.670.30-0.790.510.390.340.630.292.700.510.500.39
Cash Flow Coverage Ratio
0.180.120.040.150.110.180.410.17-0.050.150.150.11
Short Term Coverage Ratio
0.180.120.040.150.110.18N/AN/A-0.05N/A1.040.11
Dividend Payout Ratio
7.43%13.39%16.86%5.80%4.25%-18.48%-5.26%-4.51%-1.89%-2.10%-2.10%-2.10%