Which companies are Tokyotokeiba's closest peers?

The cockpit's peer set: GENDA (9166.T), Star Entertainment (SGR.AX), Melco International Development (0200.HK), Bally's (BALY), Paradise (034230.KS), Betsson (BETS-B.ST), Brightstar Lottery (BRSL), Grand Korea Leisure (114090.KS).

How has Tokyotokeiba stock performed?

Over six months to 6 Nov 2026 the shares returned -11.4% against -13.0% for the median peer; over one year -12.2%.

← CockpitCompetitor Analysis › 9672.T Tokyotokeiba Co., Ltd.Open in the cockpit ↗

Tokyotokeiba Co., Ltd.9672.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Casinos/Gaming

Momentum neutral 51

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$868M

US dollars, full cap

Free float

46%

of shares outstanding

$/day

$2.25M

20-day average traded

Fwd P/E

11.7×

forward earnings

ROIC−WACC

+6.7 pp

WACC 5.0%

Hurdle

-18 pp

Req g minus delivered

Next earnings

7 days

13 Nov 2026

Close · JPY¥4,910

1D-4.8%

1W+2.8%

1M+4.6%

3M-0.4%

6M-11.4%

YTD-13.6%

1Y-12.2%

ATR %2.1%

52w lowhigh19.2% off high

What Tokyotokeiba does

Employees: 198

Tokyotokeiba at a glance

Size Tokyotokeiba (9672.T) is a Japan Consumer Discretionary company (Casinos/Gaming) with a market value of $868M, the 796th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,910 on 6 Nov 2026.

Performance Over six months the shares fell 11.4%, against -13.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 15 in its peer set.

Growth Revenue grew 2.9% over the last twelve months (peer median +6.4%); the operating margin is 37.1% (peer median 11.1%).

Valuation It trades at 11.7× forward earnings against a peer median of 11.0× (5th most expensive of 12).

Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -18 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 6.7 points above its cost of capital (5.0% WACC).

Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Tokyotokeiba against the median of its 14 peers (local-currency closes).

Tokyotokeiba financials

Reported figures in JPY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥42.3B	¥41.8B	¥40.4B	¥37.5B	¥35.5B
Revenue growth	—	+3%	+8%	+6%	—
Gross profit	¥18.0B	¥17.7B	¥16.1B	¥15.4B	¥15.9B
EBITDA	¥22.2B	¥21.9B	¥20.3B	¥18.9B	¥19.1B
Net income	¥10.6B	¥10.5B	¥9.71B	¥8.45B	¥9.39B
Free cash flow	n/a	¥13.7B	¥8.24B	-¥1.15B	¥9.31B
Capital expenditure	n/a	¥6.83B	¥10.4B	¥19.9B	¥6.85B
Total debt	¥16.7B	¥17.5B	¥19.2B	¥18.8B	¥25.0B

Quarterly statements and history in the cockpit →

Tokyotokeiba 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

Up and to the right = strong over both horizons. Tokyotokeiba is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tokyotokeiba is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tokyotokeiba is the large dot.

Tokyotokeiba competitors and peer comparison

How Tokyotokeiba 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.

Tokyotokeiba against its 14 peers (data as of 6 Nov 2026)
Measure	9672.T	Peer median	Rank in peer set
1-month return	+4.6%	-1.4%	4th highest of 15
6-month return	-11.4%	-13.0%	8th highest of 15
Distance from 52-week high	-19.2%	-35.5%	2nd highest of 15
Revenue growth (TTM)	+2.9%	+6.4%	6th lowest of 15
Operating margin	37.1%	11.1%	highest of 15
Forward P/E	11.7×	11.0×	5th most expensive of 12
Growth the price implies (Req g, 7 yrs)	-10.8%	-3.7%	2nd least demanding of 7
Growth delivered (Del g)	+7.7%	+21.2%	2nd lowest of 7
Hurdle (Req g minus delivered)	-18.5 pp	-25.2 pp	3rd most demanding of 7
ROIC minus cost of capital	+6.7 pp	+0.8 pp	6th highest of 15
EV / EBITDA	5.9×	7.8×	5th cheapest of 13
Net debt / EBITDA	-0.3×	3.0×	6th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Tokyotokeiba 9672.T	Japan	$868M	-11%	+3%	37%	11.7×	-10.8%	+7.7%
GENDA 9166.T	Japan	$754M	+20%	+47%	3%	16.4×	n/a	n/a
Star Entertainment SGR.AX	Australia	$724M	+48%	-9%	-30%	n/a	n/a	n/a
Melco International Development 0200.HK	Hong Kong	$695M	-42%	+7%	21%	5.9×	-4.9%	+26.6%
Bally's BALY	United States	$625M	-4%	+20%	0%	n/a	n/a	n/a
Paradise 034230.KS	South Korea	$620M	-39%	+8%	11%	11.5×	n/a	n/a
Betsson BETS-B.ST	Sweden	$1.34B	+10%	0%	14%	10.4×	-18.0%	+15.7%
Brightstar Lottery BRSL	United States	$1.82B	-24%	+1%	25%	15.2×	n/a	n/a
Grand Korea Leisure 114090.KS	South Korea	$373M	-32%	+8%	11%	9.3×	n/a	n/a
Kangwonland 035250.KS	South Korea	$2.13B	-16%	+2%	15%	11.0×	n/a	n/a
Mars 6419.T	Japan	$346M	+16%	-10%	25%	n/a	n/a	n/a
PENN Entertainment PENN	United States	$2.34B	+4%	+6%	6%	12.3×	15.2%	+14.2%
Pollard Banknote PBL.TO	Canada	$315M	-10%	+4%	-1%	8.9×	-7.9%	+7.6%
Rush Street Interactive RSI	United States	$2.83B	-56%	+39%	11%	16.9×	13.5%	+32.4%
Wynn Macau 1128.HK	Hong Kong	$2.99B	-24%	+9%	29%	8.7×	-2.4%	+31.1%

Questions

Which companies are Tokyotokeiba's closest peers?: The cockpit's peer set: GENDA (9166.T), Star Entertainment (SGR.AX), Melco International Development (0200.HK), Bally's (BALY), Paradise (034230.KS), Betsson (BETS-B.ST), Brightstar Lottery (BRSL), Grand Korea Leisure (114090.KS).
Is Tokyotokeiba expensive compared with its peers?: On forward p/e it trades at 11.7× against a peer median of 11.0×, 5th most expensive of 12 in its peer set. For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -18 pp: the price already allows for a slowdown.
How has Tokyotokeiba stock performed?: Over six months to 6 Nov 2026 the shares returned -11.4% against -13.0% for the median peer; over one year -12.2%.