Money Forward, Inc. (TYO:3994)

Money Forward Ratios and Metrics

Market cap in millions JPY. Fiscal year is December - November.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Market Capitalization	396,808	230,945	257,145	245,873	262,620	416,166
Market Cap Growth	65.67%	-10.19%	4.58%	-6.38%	-36.90%	85.29%
Enterprise Value	408,384	235,289	263,614	249,942	255,494	387,948
Last Close Price	7155.00	4174.00	4709.00	4542.00	4885.00	7820.00

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
PE Ratio	73.14	145.52	-	-	-	-
Forward PE	235.71	81.09	-	-	-	-
PS Ratio	6.41	4.59	6.37	8.09	12.23	26.62
PB Ratio	6.79	4.13	5.76	7.09	7.49	9.83
P/TBV Ratio	43.73	13.58	12.61	16.55	12.13	12.09
P/FCF Ratio	52.30	322.10	-	134.58	-	-
P/OCF Ratio	47.27	154.38	-	99.95	-	-

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
EV/Sales Ratio	6.59	4.67	6.53	8.23	11.90	24.82
EV/EBITDA Ratio	49.34	99.03	-	-	-	-
EV/FCF Ratio	53.83	328.16	-	136.80	-	-

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Debt / Equity Ratio	0.78	0.61	0.79	0.88	0.48	0.20
Debt / EBITDA Ratio	6.40	14.25	-	-	-	-
Debt / FCF Ratio	-	47.21	-	16.62	-	-
Net Debt / Equity Ratio	-0.04	-0.21	-0.22	-0.24	-0.28	-0.65
Net Debt / EBITDA Ratio	-0.28	-5.05	8.28	2.17	1.42	141.88
Net Debt / FCF Ratio	-	-16.74	1.99	-4.64	2.20	10.93
Asset Turnover	0.49	0.43	0.42	0.39	0.35	0.40
Inventory Turnover	135.04	301.31	831.44	706.13	394.10	92.58
Quick Ratio	1.42	1.38	1.53	1.70	1.51	3.50
Current Ratio	1.53	1.58	1.68	1.79	1.62	3.59
Return on Equity (ROE)	13.15%	4.34%	-15.63%	-19.67%	-25.06%	-6.02%
Return on Assets (ROA)	0.50%	-1.42%	-3.04%	-5.13%	-8.61%	-1.69%
Return on Invested Capital (ROIC)	1.41%	-4.33%	-15.51%	-24.61%	-42.41%	-9.43%
Return on Capital Employed (ROCE)	1.10%	-3.30%	-7.10%	-11.00%	-20.20%	-2.40%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Earnings Yield	1.37%	0.69%	-2.46%	-2.57%	-3.60%	-0.36%
FCF Yield	1.91%	0.31%	-1.92%	0.74%	-1.70%	-0.61%
Buyback Yield / Dilution	-1.72%	-2.02%	-0.81%	-0.80%	-8.30%	-6.28%

Data Source: S&P Global Market Intelligence Last updated: Oct 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 5, 2026

Data Sources Report a data error