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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, Cadence Design Systems and Johnson Controls.

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Industry 4.0

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$1.5T$1.4T$97B14.8x99.1x
$188B$192B$26B7.5x24.8x
$146B$168B$38B4.4x17.9x
$88B$87B$6B15.7x33.3x
$86B$95B$24B3.9x22.4x
$81B$81B$13B6.2x26.8x
$65B$75B$22B3.4x19.0x
$64B$66B$3B24.7x81.0x
$64B$66B$26B2.5x16.3x
$62B$63B$2B26.2x177.9x
$54B$76B$19B3.9x12.0x
$52B$52B$7B7.0x17.6x
$52B$62B$22B2.9x16.2x
$46B$50B$9B5.8x27.2x
$41B$44B$12B3.6x12.7x
$38B$34B$5B6.3x23.4x
$36B$32B$14B2.2x14.0x
$36B$35B$3B11.8x41.1x
$35B$33B$6B5.2x31.1x
$35B$35B$9B3.7x26.3x
$33B$33B$3B10.8x42.3x
$30B$28B$16B1.8x9.4x
$30B$32B$6B5.2x21.1x
$30B$29B$7B3.9x11.2x
$30B$34B$6B5.2x14.4x
$28B$27B$1B26.0x69.0x
$27B$28B$4B7.8x35.1x
$21B$22B$3B6.7x37.4x
$21B$18B$5B3.6x7.6x
$20B$20B$5B4.1x13.7x
$20B$22B$9B2.3x13.5x
$20B$17B$11B1.5x22.0x
$19B$23B$4B5.5x22.5x
$19B$22B$4B5.2x17.3x
$17B$19B$5B3.6x15.9x
$17B$15B$12B1.2x(2904.2x)
$17B$18B$3B6.6x13.7x
$17B$18B$3B6.7x66.3x
$16B$16B$1B10.6x67.1x
$16B$15B$4B4.4x18.5x
$15B$18B$13B1.4x17.6x
$15B$16B$26B0.6x18.5x
$15B$15B$2B9.6x40.3x
$14B$17B$2B7.8x89.6x
$13B$13B$1B8.8x94.6x
$13B$19B$19B1.0x6.4x
$13B$13B———
$12B$12B$4B3.1x24.5x
$11B$11B$2B7.5x30.9x
$11B$12B$3B4.1x21.9x
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$10B$X.XB$10BX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$10B$X.XB$10BX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$9B$X.XB$5BX.XxX.Xx
$9B$X.XB—X.XxX.Xx
$9B$X.XB$201MX.XxX.Xx
$9B$X.XB$71MX.XxX.Xx
$9B$X.XB$825MX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$32MX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$7B$X.XB$6BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB—X.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$5BX.XxX.Xx
$6B$X.XB$11BX.XxX.Xx
$6B$X.XB$6BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$5B$X.XB$454MX.XxX.Xx
$5B$X.XB$572MX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$945MX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$876MX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$5MX.XxX.Xx
$4B$X.XB$702MX.XxX.Xx
$4B$X.XB$739MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$17KX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$32MX.XxX.Xx
$4B$X.XB—X.XxX.Xx
$4B$X.XB$268MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$688MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$190MX.XxX.Xx
$4B$X.XB$84MX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$6BX.XxX.Xx
$4B$X.XB$501MX.XxX.Xx
$3B$X.XB$379MX.XxX.Xx
$3B$X.XB$754MX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$917MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$214MX.XxX.Xx
$3B$X.XB$576MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$618MX.XxX.Xx
$3B$X.XB$528MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$147MX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$3B$X.XB$900MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$764MX.XxX.Xx
$3B$X.XB$731MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$706MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$592MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$219MX.XxX.Xx
$2B$X.XB$600MX.XxX.Xx
$2B$X.XB$190MX.XxX.Xx
$2B$X.XB$696MX.XxX.Xx
$2B$X.XB$661MX.XxX.Xx
$2B$X.XB$104MX.XxX.Xx
$2B$X.XB$714MX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB$412MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$133MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB$411MX.XxX.Xx
$2B$X.XB$6MX.XxX.Xx
$2B$X.XB$184MX.XxX.Xx
$2B$X.XB$90MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$549MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$544MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$1B$X.XB$444MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$114MX.XxX.Xx
$1B$X.XB$143MX.XxX.Xx
$1B$X.XB$650MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$412MX.XxX.Xx
$1B$X.XB$509MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$676MX.XxX.Xx
$1B$X.XB$10BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$128MX.XxX.Xx
$1B$X.XB$153MX.XxX.Xx
$1B$X.XB$169KX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$994M$X.XB$23MX.XxX.Xx
$929M$X.XB$253MX.XxX.Xx
$893M$X.XB$6BX.XxX.Xx
$837M$X.XB$343MX.XxX.Xx
$835M$X.XB$397MX.XxX.Xx
$808M$X.XB$81MX.XxX.Xx
$780M$X.XB$64MX.XxX.Xx
$771M$X.XB—X.XxX.Xx
$770M$X.XB—X.XxX.Xx
$763M$X.XB$16MX.XxX.Xx
$760M$X.XB$555MX.XxX.Xx
$730M$X.XB$284MX.XxX.Xx
$714M$X.XB$327MX.XxX.Xx
$707M$X.XB$313MX.XxX.Xx
$671M$X.XB$548MX.XxX.Xx
$660M$X.XB$500MX.XxX.Xx
$643M$X.XB—X.XxX.Xx
$621M$X.XB$264MX.XxX.Xx
$620M$X.XB$61MX.XxX.Xx
$618M$X.XB—X.XxX.Xx
$599M$X.XB—X.XxX.Xx
$575M$X.XB$7MX.XxX.Xx
$568M$X.XB$348MX.XxX.Xx
$507M$X.XB$45MX.XxX.Xx
$504M$X.XB$127MX.XxX.Xx
$493M$X.XB$934MX.XxX.Xx
$481M$X.XB$1BX.XxX.Xx
$467M$X.XB$368MX.XxX.Xx
$462M$X.XB—X.XxX.Xx
$458M$X.XB$160MX.XxX.Xx
$428M$X.XB—X.XxX.Xx
$405M$X.XB$286MX.XxX.Xx
$402M$X.XB$186MX.XxX.Xx
$367M$X.XB$132MX.XxX.Xx
$366M$X.XB$364MX.XxX.Xx
$365M$X.XB—X.XxX.Xx
$356M$X.XB—X.XxX.Xx
$354M$X.XB$591MX.XxX.Xx
$349M$X.XB—X.XxX.Xx
$346M$X.XB—X.XxX.Xx
$339M$X.XB$389MX.XxX.Xx
$334M$X.XB—X.XxX.Xx
$323M$X.XB$171MX.XxX.Xx
$323M$X.XB$49MX.XxX.Xx
$319M$X.XB$112MX.XxX.Xx
$318M$X.XB—X.XxX.Xx
$317M$X.XB$22MX.XxX.Xx
$313M$X.XB$61MX.XxX.Xx
$308M$X.XB$400MX.XxX.Xx
$295M$X.XB$245MX.XxX.Xx
$293M$X.XB—X.XxX.Xx
$256M$X.XB—X.XxX.Xx
$252M$X.XB$50MX.XxX.Xx
$242M$X.XB—X.XxX.Xx
$241M$X.XB$21MX.XxX.Xx
$237M$X.XB$92MX.XxX.Xx
$229M$X.XB$21MX.XxX.Xx
$228M$X.XB$430MX.XxX.Xx
$217M$X.XB—X.XxX.Xx
$217M$X.XB$82MX.XxX.Xx
$215M$X.XB—X.XxX.Xx
$214M$X.XB$4MX.XxX.Xx
$210M$X.XB—X.XxX.Xx
$209M$X.XB—X.XxX.Xx
$208M$X.XB$1MX.XxX.Xx
$204M$X.XB—X.XxX.Xx
$203M$X.XB—X.XxX.Xx
$194M$X.XB$71MX.XxX.Xx
$186M$X.XB$19MX.XxX.Xx
$184M$X.XB$1BX.XxX.Xx
$178M$X.XB$165MX.XxX.Xx
$166M$X.XB$109MX.XxX.Xx
$162M$X.XB—X.XxX.Xx
$155M$X.XB$51MX.XxX.Xx
$148M$X.XB$118MX.XxX.Xx
$147M$X.XB—X.XxX.Xx
$142M$X.XB$29MX.XxX.Xx
$141M$X.XB$60MX.XxX.Xx
$141M$X.XB—X.XxX.Xx
$133M$X.XB$17MX.XxX.Xx
$128M$X.XB$111MX.XxX.Xx
$127M$X.XB—X.XxX.Xx
$126M$X.XB$145MX.XxX.Xx
$110M$X.XB—X.XxX.Xx
$108M$X.XB—X.XxX.Xx
$100M$X.XB$2MX.XxX.Xx
$97M$X.XB—X.XxX.Xx
$96M$X.XB$159MX.XxX.Xx
$96M$X.XB$121MX.XxX.Xx
$93M$X.XB$3MX.XxX.Xx
$90M$X.XB$106MX.XxX.Xx
$86M$X.XB—X.XxX.Xx
$84M$X.XB—X.XxX.Xx
$81M$X.XB—X.XxX.Xx
$79M$X.XB$10MX.XxX.Xx
$79M$X.XB$2MX.XxX.Xx
$79M$X.XB—X.XxX.Xx
$77M$X.XB$112MX.XxX.Xx
$77M$X.XB—X.XxX.Xx
$76M$X.XB$64MX.XxX.Xx
$74M$X.XB$233MX.XxX.Xx
$67M$X.XB$32MX.XxX.Xx
$64M$X.XB—X.XxX.Xx
$62M$X.XB$35MX.XxX.Xx
$62M$X.XB$321MX.XxX.Xx
$56M$X.XB—X.XxX.Xx
$56M$X.XB$88MX.XxX.Xx
$55M$X.XB$41MX.XxX.Xx
$54M$X.XB—X.XxX.Xx
$53M$X.XB—X.XxX.Xx
$53M$X.XB$21MX.XxX.Xx
$51M$X.XB$12MX.XxX.Xx
$50M$X.XB$178MX.XxX.Xx
$49M$X.XB$72MX.XxX.Xx
$48M$X.XB—X.XxX.Xx
$46M$X.XB$66MX.XxX.Xx
$45M$X.XB$96MX.XxX.Xx
$44M$X.XB—X.XxX.Xx
$43M$X.XB—X.XxX.Xx
$40M$X.XB—X.XxX.Xx
$40M$X.XB—X.XxX.Xx
$39M$X.XB$38MX.XxX.Xx
$35M$X.XB$101MX.XxX.Xx
$33M$X.XB—X.XxX.Xx
$31M$X.XB$6MX.XxX.Xx
$27M$X.XB$2MX.XxX.Xx
$23M$X.XB—X.XxX.Xx
$22M$X.XB—X.XxX.Xx
$21M$X.XB—X.XxX.Xx
$18M$X.XB$61MX.XxX.Xx
$18M$X.XB$8MX.XxX.Xx
$18M$X.XB—X.XxX.Xx
$17M$X.XB—X.XxX.Xx
$16M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$13M$X.XB$7MX.XxX.Xx
$13M$X.XB—X.XxX.Xx
$12M$X.XB$137MX.XxX.Xx
$12M$X.XB$9MX.XxX.Xx
$10M$X.XB—X.XxX.Xx
$9M$X.XB—X.XxX.Xx
$8M$X.XB—X.XxX.Xx
$6M$X.XB—X.XxX.Xx
$5M$X.XB—X.XxX.Xx
$5M$X.XB$2MX.XxX.Xx
$5M$X.XB—X.XxX.Xx
$4M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
$333K$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB$95MX.XxX.Xx
—$X.XB—X.XxX.Xx

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