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← CockpitCompetitor Analysis › 9536.T Saibu Gas Holdings Co. Ltd.Open in the cockpit ↗

Saibu Gas Holdings Co. Ltd.9536.TCompetitor analysis, valuation and peers

Japan · JPY·Utilities›Gas Distributors
Momentum leader 91
Mkt cap
$630M
US dollars, full cap
Free float
58%
of shares outstanding
$/day
$2.81M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-2.9 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
88 days
2 Feb 2027
Close · JPY¥2,760
1D-5.0%
1W+9.3%
1M+14.1%
3M+14.1%
6M+23.4%
YTD+22.4%
1Y+42.3%
ATR %2.9%
52w lowhigh5.3% off high

What Saibu Gas does

Employees: 3,725

Saibu Gas at a glance

Size Saibu Gas (9536.T) is a Japan Utilities company (Gas Distributors) with a market value of $630M, the 956th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,760 on 6 Nov 2026.

Performance Over six months the shares gained 23.4%, against -11.6% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue fell 5.7% over the last twelve months (peer median -0.4%); the operating margin is 4.9% (peer median 7.7%).

Valuation It trades at 1.4× enterprise value to sales against a peer median of 1.6× (11th cheapest of 21).

Capital Return on invested capital runs 2.9 points below its cost of capital (5.0% WACC).

Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 20269536.T 125Peer median 90
Six months, rebased to 100: Saibu Gas against the median of its 20 peers (local-currency closes).

Saibu Gas financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥255B¥262B¥254B¥256B¥266B
Revenue growth—+3%-1%-4%—
Gross profit¥82.1B¥70.9B¥66.5B¥66.6B¥67.1B
EBITDA¥29.2B¥28.0B¥29.1B¥30.8B¥32.2B
Net income¥10.5B¥7.15B¥6.36B¥6.16B¥13.2B
Free cash flown/a-¥4.42B¥14.7B-¥1.88B¥2.45B
Capital expendituren/a¥30.7B¥24.8B¥24.7B¥20.1B
Total debt¥280B¥289B¥280B¥283B¥282B

Quarterly statements and history in the cockpit →

Saibu Gas competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%95430000966036891663605368ASC3003326037060004079534273400225936330005939908CLNEYU00129931676009039536.T6-month return →1-month return →
Up and to the right = strong over both horizons. Saibu Gas is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%2×4×95430000966036891663605368ASC3003326037060004079534273400225936330005939908CLNEYU0012996009039536.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Saibu Gas is the large dot.

Saibu Gas competitors and peer comparison

How Saibu Gas compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Saibu Gas against its 20 peers (data as of 6 Nov 2026)
Measure9536.TPeer medianRank in peer set
1-month return+14.1%-3.2%2nd highest of 21
6-month return+23.4%-11.6%highest of 21
Distance from 52-week high-5.3%-34.2%highest of 21
Revenue growth (TTM)-5.7%-0.4%8th lowest of 21
Operating margin4.9%7.7%6th lowest of 21
EV / Sales1.4×1.6×11th cheapest of 21
ROIC minus cost of capital-2.9 pp+0.0 pp5th lowest of 20
EV / EBITDA12.7×7.1×3rd most expensive of 12
Net debt / EBITDA9.0×1.4×3rd most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Saibu Gas 9536.TJapan$630M+23%-6%5%1.4×n/an/a
Shizuoka Gas 9543.TJapan$631M-5%0%6%0.5×-9.0%+10.6%
Shenzhen Guangju Energy 000096.SZChina$634M-18%+4%4%2.8×n/an/a
Anhui Province Natural Gas Development 603689.SSChina$601M-10%-9%9%1.3×0.6%+1.4%
K&O Energy 1663.TJapan$585M-28%-1%12%0.6×-8.6%+9.3%
Henan Lantian Gas 605368.SSChina$687M-18%-9%8%1.3×0.0%+2.7%
Ascopiave ASC.MIItaly$699M-8%+34%26%4.5×4.4%+8.3%
Top Resource Energy 300332.SZChina$556M-20%-3%0%2.0×12.9%+8.8%
Xinjiang East Universe (Group) Gas 603706.SSChina$521M-15%-14%20%2.1×-11.7%+10.6%
Shandong Shengli 000407.SZChina$512M-20%0%7%1.2×-3.1%-2.0%
Hokkaido Gas 9534.TJapan$468M+3%+1%8%0.7×-6.6%+8.1%
Sala 2734.TJapan$456M+9%+3%4%0.5×n/an/a
Sichuan Shengda Forestry Industry 002259.SZChina$447M-27%-1%10%3.0×16.9%+0.9%
Zhongyu Energy 3633.HKHong Kong$896M-7%-7%6%1.8×n/an/a
Delong Composite Energy 000593.SZChina$896M-34%-24%6%4.8×31.8%+3.7%
Great Taipei Gas 9908.TWTaiwan$435M-3%0%14%2.2×-5.4%-1.0%
Clean Energy Fuels CLNEUnited States$421M-14%+4%-7%1.4×17.0%+8.1%
Yu Group PLC YU..LUnited Kingdom$414M+3%+14%8%0.2×-9.4%+47.1%
Shaanxi Meineng Clean Energy 001299.SZChina$411M-19%-6%11%3.5×n/an/a
Tokai 3167.TJapan$1.02B+9%+1%8%0.8×-5.6%+4.5%
Guizhou Gas (Group) 600903.SSChina$1.02B-9%-6%4%2.1×8.0%+9.4%

Questions

Which companies are Saibu Gas's closest peers?
The cockpit's peer set: Shizuoka Gas (9543.T), Shenzhen Guangju Energy (000096.SZ), Anhui Province Natural Gas Development (603689.SS), K&O Energy (1663.T), Henan Lantian Gas (605368.SS), Ascopiave (ASC.MI), Top Resource Energy (300332.SZ), Xinjiang East Universe (Group) Gas (603706.SS).
Is Saibu Gas expensive compared with its peers?
On ev / sales it trades at 1.4× against a peer median of 1.6×, 11th cheapest of 21 in its peer set.
How has Saibu Gas stock performed?
Over six months to 6 Nov 2026 the shares returned +23.4% against -11.6% for the median peer; over one year +42.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.