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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 Cadence Design Systems.

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Industry 4.0

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$1.5T$1.4T$97B14.8x99.2x
$181B$185B$26B7.2x24.0x
$147B$170B$38B4.5x18.1x
$84B$93B$24B3.8x21.9x
$84B$83B$5B15.2x31.9x
$81B$81B$13B6.2x26.9x
$66B$77B$22B3.4x19.3x
$65B$67B$26B2.5x16.5x
$61B$61B$2B25.8x176.7x
$59B$61B$3B22.9x75.7x
$55B$77B$19B4.0x12.2x
$50B$51B$7B6.8x17.2x
$49B$60B$22B2.7x15.6x
$45B$48B$9B5.6x26.3x
$42B$43B$5B9.1x35.3x
$41B$43B$12B3.5x12.5x
$37B$35B$6B5.6x33.1x
$36B$36B$9B3.9x27.8x
$36B$32B$14B2.2x13.9x
$36B$32B$5B6.0x22.1x
$35B$34B$3B11.5x40.2x
$32B$33B$3B10.8x42.3x
$29B$32B$6B5.1x20.8x
$28B$32B$6B5.0x13.6x
$28B$26B$7B3.6x10.2x
$27B$27B$1B25.8x68.5x
$27B$28B$4B7.8x35.2x
$27B$25B$15B1.6x8.3x
$22B$23B$3B6.9x39.1x
$21B$19B$5B3.6x7.7x
$20B$22B$9B2.3x13.3x
$19B$17B$11B1.5x23.0x
$19B$19B$5B3.9x13.0x
$18B$21B$4B5.0x16.9x
$18B$22B$4B5.4x21.8x
$17B$19B$5B3.5x15.7x
$17B$18B$3B6.8x67.4x
$17B$16B$4B4.5x19.1x
$17B$17B$12B1.4x(3267.6x)
$16B$17B$3B6.4x13.3x
$16B$18B$13B1.4x17.8x
$16B$15B$1B10.1x63.3x
$15B$15B$26B0.6x17.9x
$15B$14B$2B9.1x38.4x
$14B$14B$1B9.4x101.8x
$13B$14B$3B4.4x41.9x
$13B$15B$2B7.3x83.5x
$13B$12B———
$12B$19B$21B0.9x5.7x
$12B$12B$4B3.3x25.7x
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$3BX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$10B$X.XB$10BX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$9B$X.XB$10BX.XxX.Xx
$9B$X.XB$5BX.XxX.Xx
$9B$X.XB$1BX.XxX.Xx
$9B$X.XB$71MX.XxX.Xx
$8B$X.XB$200MX.XxX.Xx
$8B$X.XB—X.XxX.Xx
$8B$X.XB$819MX.XxX.Xx
$8B$X.XB$31MX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$6BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$11BX.XxX.Xx
$5B$X.XB$6BX.XxX.Xx
$5B$X.XB$540MX.XxX.Xx
$5B$X.XB$450MX.XxX.Xx
$5B$X.XB$5BX.XxX.Xx
$5B$X.XB$945MX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$865MX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$929MX.XxX.Xx
$5B$X.XB$5MX.XxX.Xx
$4B$X.XB$703MX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$32MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$737MX.XxX.Xx
$4B$X.XB—X.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$690MX.XxX.Xx
$4B$X.XB$16KX.XxX.Xx
$4B$X.XB$268MX.XxX.Xx
$4B$X.XB$499MX.XxX.Xx
$4B$X.XB$84MX.XxX.Xx
$4B$X.XB$380MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$188MX.XxX.Xx
$3B$X.XB$752MX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$6BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$138MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$616MX.XxX.Xx
$3B$X.XB$214MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$575MX.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$899MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$762MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$528MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$588MX.XxX.Xx
$3B$X.XB$704MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$729MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$659MX.XxX.Xx
$2B$X.XB$219MX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB$600MX.XxX.Xx
$2B$X.XB$693MX.XxX.Xx
$2B$X.XB$103MX.XxX.Xx
$2B$X.XB$410MX.XxX.Xx
$2B$X.XB$715MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$189MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$411MX.XxX.Xx
$2B$X.XB$132MX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$6MX.XxX.Xx
$2B$X.XB$548MX.XxX.Xx
$2B$X.XB$183MX.XxX.Xx
$2B$X.XB$544MX.XxX.Xx
$1B$X.XB$89MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$113MX.XxX.Xx
$1B$X.XB$648MX.XxX.Xx
$1B$X.XB$143MX.XxX.Xx
$1B$X.XB$443MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$10BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$508MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$413MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$152MX.XxX.Xx
$1B$X.XB$127MX.XxX.Xx
$1B$X.XB$675MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$965M$X.XB$161KX.XxX.Xx
$951M$X.XB—X.XxX.Xx
$939M$X.XB$22MX.XxX.Xx
$925M$X.XB$6BX.XxX.Xx
$901M$X.XB$250MX.XxX.Xx
$843M$X.XB$342MX.XxX.Xx
$819M$X.XB$398MX.XxX.Xx
$817M$X.XB$80MX.XxX.Xx
$780M$X.XB$64MX.XxX.Xx
$738M$X.XB—X.XxX.Xx
$737M$X.XB—X.XxX.Xx
$734M$X.XB$555MX.XxX.Xx
$733M$X.XB$16MX.XxX.Xx
$716M$X.XB$327MX.XxX.Xx
$676M$X.XB$313MX.XxX.Xx
$675M$X.XB$548MX.XxX.Xx
$670M$X.XB$283MX.XxX.Xx
$659M$X.XB$500MX.XxX.Xx
$644M$X.XB—X.XxX.Xx
$613M$X.XB—X.XxX.Xx
$602M$X.XB$264MX.XxX.Xx
$599M$X.XB$61MX.XxX.Xx
$587M$X.XB—X.XxX.Xx
$537M$X.XB$7MX.XxX.Xx
$532M$X.XB$127MX.XxX.Xx
$530M$X.XB$347MX.XxX.Xx
$520M$X.XB$45MX.XxX.Xx
$467M$X.XB$366MX.XxX.Xx
$464M$X.XB—X.XxX.Xx
$460M$X.XB$1BX.XxX.Xx
$438M$X.XB$930MX.XxX.Xx
$421M$X.XB—X.XxX.Xx
$399M$X.XB$160MX.XxX.Xx
$393M$X.XB$187MX.XxX.Xx
$376M$X.XB$285MX.XxX.Xx
$371M$X.XB$374MX.XxX.Xx
$361M$X.XB—X.XxX.Xx
$359M$X.XB—X.XxX.Xx
$358M$X.XB—X.XxX.Xx
$349M$X.XB—X.XxX.Xx
$343M$X.XB$590MX.XxX.Xx
$321M$X.XB—X.XxX.Xx
$317M$X.XB$49MX.XxX.Xx
$316M$X.XB$170MX.XxX.Xx
$314M$X.XB$22MX.XxX.Xx
$313M$X.XB$61MX.XxX.Xx
$305M$X.XB—X.XxX.Xx
$303M$X.XB$112MX.XxX.Xx
$296M$X.XB$389MX.XxX.Xx
$295M$X.XB$132MX.XxX.Xx
$291M$X.XB$399MX.XxX.Xx
$276M$X.XB$246MX.XxX.Xx
$272M$X.XB—X.XxX.Xx
$247M$X.XB$50MX.XxX.Xx
$246M$X.XB—X.XxX.Xx
$241M$X.XB$92MX.XxX.Xx
$234M$X.XB$21MX.XxX.Xx
$234M$X.XB—X.XxX.Xx
$232M$X.XB$430MX.XxX.Xx
$220M$X.XB—X.XxX.Xx
$220M$X.XB$82MX.XxX.Xx
$211M$X.XB—X.XxX.Xx
$210M$X.XB—X.XxX.Xx
$207M$X.XB$4MX.XxX.Xx
$203M$X.XB—X.XxX.Xx
$203M$X.XB—X.XxX.Xx
$194M$X.XB$71MX.XxX.Xx
$190M$X.XB$19MX.XxX.Xx
$189M$X.XB—X.XxX.Xx
$187M$X.XB$1MX.XxX.Xx
$185M$X.XB$1BX.XxX.Xx
$181M$X.XB—X.XxX.Xx
$175M$X.XB$165MX.XxX.Xx
$167M$X.XB$51MX.XxX.Xx
$167M$X.XB$108MX.XxX.Xx
$152M$X.XB$118MX.XxX.Xx
$149M$X.XB—X.XxX.Xx
$147M$X.XB$29MX.XxX.Xx
$145M$X.XB$59MX.XxX.Xx
$142M$X.XB—X.XxX.Xx
$141M$X.XB$18MX.XxX.Xx
$138M$X.XB—X.XxX.Xx
$131M$X.XB$111MX.XxX.Xx
$129M$X.XB—X.XxX.Xx
$116M$X.XB$204MX.XxX.Xx
$105M$X.XB—X.XxX.Xx
$105M$X.XB—X.XxX.Xx
$102M$X.XB$121MX.XxX.Xx
$95M$X.XB$2MX.XxX.Xx
$95M$X.XB—X.XxX.Xx
$92M$X.XB$160MX.XxX.Xx
$91M$X.XB$2MX.XxX.Xx
$87M$X.XB$106MX.XxX.Xx
$87M$X.XB—X.XxX.Xx
$86M$X.XB—X.XxX.Xx
$81M$X.XB$2MX.XxX.Xx
$80M$X.XB—X.XxX.Xx
$79M$X.XB$43MX.XxX.Xx
$78M$X.XB—X.XxX.Xx
$75M$X.XB$64MX.XxX.Xx
$74M$X.XB$112MX.XxX.Xx
$73M$X.XB$10MX.XxX.Xx
$72M$X.XB$231MX.XxX.Xx
$71M$X.XB—X.XxX.Xx
$69M$X.XB—X.XxX.Xx
$67M$X.XB—X.XxX.Xx
$67M$X.XB$34MX.XxX.Xx
$66M$X.XB$32MX.XxX.Xx
$62M$X.XB$320MX.XxX.Xx
$56M$X.XB—X.XxX.Xx
$55M$X.XB—X.XxX.Xx
$52M$X.XB$21MX.XxX.Xx
$51M$X.XB—X.XxX.Xx
$51M$X.XB$178MX.XxX.Xx
$50M$X.XB$12MX.XxX.Xx
$49M$X.XB—X.XxX.Xx
$49M$X.XB$66MX.XxX.Xx
$48M$X.XB—X.XxX.Xx
$47M$X.XB$71MX.XxX.Xx
$44M$X.XB—X.XxX.Xx
$40M$X.XB$96MX.XxX.Xx
$40M$X.XB—X.XxX.Xx
$40M$X.XB—X.XxX.Xx
$38M$X.XB$38MX.XxX.Xx
$34M$X.XB$101MX.XxX.Xx
$31M$X.XB$6MX.XxX.Xx
$29M$X.XB—X.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
$20M$X.XB$8MX.XxX.Xx
$16M$X.XB—X.XxX.Xx
$16M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$13M$X.XB$57MX.XxX.Xx
$13M$X.XB—X.XxX.Xx
$12M$X.XB$7MX.XxX.Xx
$12M$X.XB$9MX.XxX.Xx
$12M$X.XB$137MX.XxX.Xx
$9M$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
$4M$X.XB—X.XxX.Xx
$4M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
$450K$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB$95MX.XxX.Xx

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