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Public Comps and Valuation Multiples for Industry 4.0

Benchmark revenue and EBITDA valuation multiples for public comps like
Tesla, Amphenol, Honeywell, Johnson Controls and Rheinmetall.

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Industry 4.0

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$1.5T$1.5T$96B15.5x103.2x
$166B$170B$25B6.9x22.9x
$157B$179B$38B4.7x19.4x
$89B$98B$24B4.0x23.3x
$86B$89B$14B6.2x30.1x
$83B$82B$5B15.1x31.8x
$71B$81B$22B3.6x20.6x
$61B$65B$26B2.5x16.1x
$56B$76B$19B4.1x12.4x
$56B$58B$3B23.2x81.3x
$53B$64B$22B2.9x17.0x
$52B$53B$7B7.2x18.2x
$47B$47B$2B21.2x149.3x
$46B$50B$9B5.8x27.9x
$46B$46B$3B15.8x61.8x
$41B$37B$5B6.9x25.5x
$40B$42B$12B3.6x12.5x
$39B$35B$14B2.4x15.3x
$38B$38B$9B4.2x29.6x
$36B$35B$6B5.5x32.0x
$35B$34B$3B11.4x39.6x
$32B$33B$4B7.3x28.1x
$32B$34B$6B5.5x22.5x
$29B$33B$6B5.2x14.3x
$28B$26B$15B1.7x8.8x
$28B$26B$7B3.6x10.3x
$27B$28B$4B7.8x35.2x
$21B$19B$5B3.7x8.0x
$20B$22B$9B2.4x14.1x
$20B$20B$5B4.2x13.8x
$20B$17B$11B1.6x29.8x
$20B$21B$3B6.5x36.2x
$20B$21B$5B4.1x18.1x
$19B$21B$3B7.4x15.2x
$18B$21B$4B5.1x17.0x
$18B$20B$13B1.6x20.1x
$17B$17B$2B10.5x44.0x
$16B$20B$4B5.0x20.5x
$16B$16B$12B1.4x690.6x
$16B$15B$3B4.4x18.4x
$15B$15B$1B10.7x117.4x
$15B$22B$21B1.1x6.6x
$14B$14B$1B9.2x57.7x
$14B$16B$2B7.7x87.7x
$14B$15B$3B5.8x62.5x
$14B$14B$975M14.2x39.3x
$13B$13B$15B0.9x12.5x
$13B$13B$24B0.6x15.3x
$12B$12B$4B3.3x26.2x
$12B$12B$1B8.0x32.9x
$12B$X.XB$2BX.XxX.Xx
$12B$X.XB$1BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$11BX.XxX.Xx
$11B$X.XB$186MX.XxX.Xx
$10B$X.XB$3BX.XxX.Xx
$10B$X.XB$798MX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$10B$X.XB$64MX.XxX.Xx
$9B$X.XB$28MX.XxX.Xx
$9B$X.XB$10BX.XxX.Xx
$9B$X.XB$1BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$5BX.XxX.Xx
$8B$X.XB$831MX.XxX.Xx
$8B$X.XB$6BX.XxX.Xx
$7B$X.XB$1BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$11BX.XxX.Xx
$7B$X.XB—X.XxX.Xx
$6B$X.XB$267KX.XxX.Xx
$6B$X.XB$6BX.XxX.Xx
$6B$X.XB$1BX.XxX.Xx
$6B$X.XB$488MX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$3MX.XxX.Xx
$5B$X.XB$940MX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$826MX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$454MX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$4B$X.XB—X.XxX.Xx
$4B$X.XB$29MX.XxX.Xx
$4B$X.XB$926MX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$493MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$100MX.XxX.Xx
$4B$X.XB$197MX.XxX.Xx
$4B$X.XB$680MX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$851MX.XxX.Xx
$3B$X.XB$914MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$303MX.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$3B$X.XB$766MX.XxX.Xx
$3B$X.XB$266MX.XxX.Xx
$3B$X.XB$360MX.XxX.Xx
$3B$X.XB$606MX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$544MX.XxX.Xx
$3B$X.XB$61MX.XxX.Xx
$3B$X.XB$718MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$573MX.XxX.Xx
$3B$X.XB$727MX.XxX.Xx
$3B$X.XB$769MX.XxX.Xx
$3B$X.XB$517MX.XxX.Xx
$2B$X.XB$658MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$697MX.XxX.Xx
$2B$X.XB$713MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$594MX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$137MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$192MX.XxX.Xx
$2B$X.XB$711MX.XxX.Xx
$2B$X.XB$102MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$127MX.XxX.Xx
$2B$X.XB$363MX.XxX.Xx
$2B$X.XB$645MX.XxX.Xx
$2B$X.XB$400MX.XxX.Xx
$2B$X.XB$144MX.XxX.Xx
$2B$X.XB$179MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB—X.XxX.Xx
$1B$X.XB$546MX.XxX.Xx
$1B$X.XB$540MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$10BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$90MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$105MX.XxX.Xx
$1B$X.XB$178MX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$179MX.XxX.Xx
$1B$X.XB$6BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$435MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$645KX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$664MX.XxX.Xx
$1B$X.XB$411MX.XxX.Xx
$993M$X.XB$495MX.XxX.Xx
$987M$X.XB$128MX.XxX.Xx
$969M$X.XB—X.XxX.Xx
$944M$X.XB—X.XxX.Xx
$880M$X.XB$82MX.XxX.Xx
$870M$X.XB$21MX.XxX.Xx
$836M$X.XB$554MX.XxX.Xx
$829M$X.XB$341MX.XxX.Xx
$811M$X.XB—X.XxX.Xx
$804M$X.XB$57MX.XxX.Xx
$801M$X.XB$387MX.XxX.Xx
$781M$X.XB$18MX.XxX.Xx
$780M$X.XB$64MX.XxX.Xx
$744M$X.XB$324MX.XxX.Xx
$740M$X.XB$275MX.XxX.Xx
$699M$X.XB—X.XxX.Xx
$670M$X.XB—X.XxX.Xx
$668M$X.XB$241MX.XxX.Xx
$654M$X.XB$311MX.XxX.Xx
$628M$X.XB$897MX.XxX.Xx
$618M$X.XB$275MX.XxX.Xx
$605M$X.XB$547MX.XxX.Xx
$602M$X.XB$260MX.XxX.Xx
$541M$X.XB$7MX.XxX.Xx
$535M$X.XB$487MX.XxX.Xx
$519M$X.XB—X.XxX.Xx
$515M$X.XB$1BX.XxX.Xx
$465M$X.XB$367MX.XxX.Xx
$442M$X.XB$167MX.XxX.Xx
$438M$X.XB$331MX.XxX.Xx
$423M$X.XB—X.XxX.Xx
$415M$X.XB$181MX.XxX.Xx
$409M$X.XB$45MX.XxX.Xx
$407M$X.XB$125MX.XxX.Xx
$403M$X.XB—X.XxX.Xx
$400M$X.XB—X.XxX.Xx
$383M$X.XB$395MX.XxX.Xx
$376M$X.XB$370MX.XxX.Xx
$371M$X.XB—X.XxX.Xx
$351M$X.XB—X.XxX.Xx
$340M$X.XB$279MX.XxX.Xx
$337M$X.XB$47MX.XxX.Xx
$314M$X.XB—X.XxX.Xx
$298M$X.XB$380MX.XxX.Xx
$288M$X.XB$124MX.XxX.Xx
$287M$X.XB$60MX.XxX.Xx
$271M$X.XB$256MX.XxX.Xx
$270M$X.XB$166MX.XxX.Xx
$264M$X.XB$144MX.XxX.Xx
$258M$X.XB$109MX.XxX.Xx
$258M$X.XB$71MX.XxX.Xx
$257M$X.XB$576MX.XxX.Xx
$245M$X.XB$50MX.XxX.Xx
$244M$X.XB$3MX.XxX.Xx
$242M$X.XB$92MX.XxX.Xx
$224M$X.XB—X.XxX.Xx
$207M$X.XB$139MX.XxX.Xx
$206M$X.XB$1BX.XxX.Xx
$204M$X.XB$94MX.XxX.Xx
$203M$X.XB—X.XxX.Xx
$201M$X.XB$50MX.XxX.Xx
$198M$X.XB—X.XxX.Xx
$193M$X.XB$15MX.XxX.Xx
$178M$X.XB$58MX.XxX.Xx
$178M$X.XB—X.XxX.Xx
$177M$X.XB$198MX.XxX.Xx
$174M$X.XB—X.XxX.Xx
$171M$X.XB$1MX.XxX.Xx
$167M$X.XB—X.XxX.Xx
$164M$X.XB$101MX.XxX.Xx
$153M$X.XB$28MX.XxX.Xx
$150M$X.XB—X.XxX.Xx
$149M$X.XB$123MX.XxX.Xx
$147M$X.XB$86MX.XxX.Xx
$147M$X.XB$17MX.XxX.Xx
$145M$X.XB—X.XxX.Xx
$143M$X.XB$109MX.XxX.Xx
$141M$X.XB$18MX.XxX.Xx
$124M$X.XB—X.XxX.Xx
$119M$X.XB—X.XxX.Xx
$112M$X.XB—X.XxX.Xx
$105M$X.XB—X.XxX.Xx
$101M$X.XB$2MX.XxX.Xx
$98M$X.XB—X.XxX.Xx
$96M$X.XB$2MX.XxX.Xx
$94M$X.XB—X.XxX.Xx
$91M$X.XB$227MX.XxX.Xx
$88M$X.XB$86MX.XxX.Xx
$84M$X.XB$158MX.XxX.Xx
$84M$X.XB—X.XxX.Xx
$84M$X.XB—X.XxX.Xx
$81M$X.XB$105MX.XxX.Xx
$76M$X.XB$62MX.XxX.Xx
$75M$X.XB$33MX.XxX.Xx
$74M$X.XB$1MX.XxX.Xx
$73M$X.XB$46MX.XxX.Xx
$71M$X.XB—X.XxX.Xx
$70M$X.XB$34MX.XxX.Xx
$70M$X.XB—X.XxX.Xx
$68M$X.XB—X.XxX.Xx
$66M$X.XB—X.XxX.Xx
$64M$X.XB$355MX.XxX.Xx
$62M$X.XB$32MX.XxX.Xx
$60M$X.XB—X.XxX.Xx
$60M$X.XB$10MX.XxX.Xx
$58M$X.XB—X.XxX.Xx
$55M$X.XB$187MX.XxX.Xx
$53M$X.XB$68MX.XxX.Xx
$52M$X.XB—X.XxX.Xx
$50M$X.XB—X.XxX.Xx
$48M$X.XB$25MX.XxX.Xx
$47M$X.XB$96MX.XxX.Xx
$38M$X.XB$40MX.XxX.Xx
$36M$X.XB$8MX.XxX.Xx
$33M$X.XB$103MX.XxX.Xx
$33M$X.XB—X.XxX.Xx
$31M$X.XB—X.XxX.Xx
$31M$X.XB—X.XxX.Xx
$30M$X.XB$8MX.XxX.Xx
$29M$X.XB$161MX.XxX.Xx
$29M$X.XB—X.XxX.Xx
$28M$X.XB$6MX.XxX.Xx
$24M$X.XB—X.XxX.Xx
$24M$X.XB—X.XxX.Xx
$23M$X.XB—X.XxX.Xx
$22M$X.XB—X.XxX.Xx
$20M$X.XB$75MX.XxX.Xx
$19M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$13M$X.XB$9MX.XxX.Xx
$12M$X.XB—X.XxX.Xx
$11M$X.XB—X.XxX.Xx
$11M$X.XB—X.XxX.Xx
$9M$X.XB—X.XxX.Xx
$8M$X.XB—X.XxX.Xx
$7M$X.XB$4MX.XxX.Xx
$5M$X.XB—X.XxX.Xx
$5M$X.XB$132MX.XxX.Xx
$4M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB$95MX.XxX.Xx
—$X.XB—X.XxX.Xx

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