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Yakult Honsha Co Ltd
TSE:2267

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Yakult Honsha Co Ltd
TSE:2267
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Price: 2 768.5 JPY 5.57% Market Closed
Market Cap: ¥853.5B

EV/S

1.5
Current
9%
Cheaper
vs 3-y average of 1.6

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

EV/S
1.5
=
Enterprise Value
¥718.9B
/
Revenue
¥485.2B

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

EV/S
1.5
=
Enterprise Value
¥718.9B
/
Revenue
¥485.2B

Valuation Scenarios

Yakult Honsha Co Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (1.6), the stock would be worth ¥3 054.48 (10% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-52%
Maximum Upside
+29%
Average Downside
9%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.5 ¥2 768.5
0%
3-Year Average 1.6 ¥3 054.48
+10%
5-Year Average 1.9 ¥3 581.3
+29%
Industry Average 0.7 ¥1 332.63
-52%
Country Average 1.1 ¥2 090.19
-25%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
¥718.9B
/
Jan 2026
¥485.2B
=
1.5
Current
¥718.9B
/
Mar 2026
¥490.3B
=
1.5
Forward
¥718.9B
/
Mar 2027
¥505.2B
=
1.4
Forward
¥718.9B
/
Mar 2028
¥517.5B
=
1.4
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
JP
Yakult Honsha Co Ltd
TSE:2267
811.9B JPY 1.5 21.1
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 896.4 540 752.8
CH
Nestle SA
SIX:NESN
205.8B CHF 2.8 23.2
US
Mondelez International Inc
NASDAQ:MDLZ
73.8B USD 2.4 30.1
FR
Danone SA
PAR:BN
43.3B EUR 1.8 23.8
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 1.3 12.8
US
Hershey Co
NYSE:HSY
38.8B USD 3.7 44
CN
Muyuan Foods Co Ltd
SZSE:002714
237.6B CNY 2.1 24.3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.2B CNY 6.8 32.8
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 2 12.7
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.8B CHF 4.2 32.4

Market Distribution

In line with most companies in Japan
Percentile
60th
Based on 5 140 companies
60th percentile
1.5
Low
0 — 0.7
Typical Range
0.7 — 2
High
2 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1.1
70th Percentile 2
Max 12 107 466

Yakult Honsha Co Ltd
Glance View

Yakult Honsha Co., Ltd., a company rooted in Japanese tradition and scientific innovation, has become a global powerhouse in the probiotics industry. The journey began in 1935 when microbiologist Minoru Shirota pioneered the development of a fermented milk drink containing a unique strain of bacteria, Lactobacillus casei Shirota. This visionary endeavor aimed to improve gut health utilizing the principles of preventive medicine, a novel concept at the time. Yakult's flagship product, a small, iconic bottle of sweet-tasting probiotic milk, swiftly captured the attention and trust of Japanese consumers, setting the company on a trajectory of continuous growth and worldwide expansion. The company leveraged its strong research foundation to consistently innovate its product offerings, ensuring Yakult remained at the forefront of the health and wellness trend. In the modern marketplace, Yakult's operations exemplify a successful case of strategic internationalization. By maintaining a robust distribution network across more than 40 countries, the company effectively taps into varying health consciousness trends across diverse cultures. Revenue is primarily derived from the sales of its probiotic beverages, which are produced through a time-honored fermentation process. Yakult has strengthened its market position through direct sales strategies, including the hallmark “Yakult Ladies,” who personally deliver products to customers, enhancing consumer engagement and fostering brand loyalty. Beyond beverages, Yakult has diversified its portfolio to include cosmetics and pharmaceuticals, though the probiotic drinks remain its core profit engine. This diversification not only draws on the company's microbiological expertise but also mitigates risk by reducing dependency on a single product line.

Intrinsic Value
2 727.94 JPY
Overvaluation 1%
Intrinsic Value
Price ¥2 768.5
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