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Public Comps and Valuation Multiples for IoT

Benchmark revenue and EBITDA valuation multiples for public comps like
Johnson Controls, BOE, PTC, Samsara and Lite-On Technology.

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IoT

Viewing 50 of 99 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Johnson Controls	$81B	$91B	$24B	3.7x	21.4x
BOE	$22B	$33B	$32B	1.0x	4.8x
PTC	$19B	$21B	$3B	7.5x	15.5x
Samsara	$17B	$16B	$2B	9.7x	50.2x
Lite-On Technology	$13B	$11B	$6B	2.0x	15.5x
Sharetronic	$12B	$14B	—	—	—
Shenzhen Sunway	$10B	$11B	$1B	7.2x	45.0x
Acuity	$9B	$10B	$5B	2.1x	11.1x
Advantech	$8B	$8B	$2B	3.4x	18.4x
EquipmentShare.com	$8B	$12B	$5B	2.7x	8.1x
Goodix	$5B	$5B	$768M	5.9x	25.3x
ThunderSoft	$5B	$5B	$1B	4.1x	31.2x
CIG Shanghai	$5B	$5B	$865M	5.8x	—
Fibocom Wireless	$4B	$4B	$1B	3.4x	41.8x
Shenzhen SED	$4B	$4B	—	—	—
Impinj	$4B	$4B	$362M	10.4x	55.9x
Hanshow Technology	$4B	$3B	$615M	5.2x	36.6x
EZVIZ Network	$3B	$3B	—	—	—
Willfar	$3B	$3B	$458M	6.1x	20.9x
Nordic Semiconductor	$3B	$3B	$703M	4.0x	36.4x
WNC	$3B	$2B	$4B	0.7x	11.0x
Spark New Zealand	$3B	$4B	$2B	1.8x	6.3x
Shenzhen Topband Co.	$2B	$2B	$2B	1.4x	13.2x
Alarm.com	$2B	$2B	$1B	2.4x	11.8x
NextNav	$2B	$2B	$4M	531.8x	(54.7x)
HMS Networks	$2B	$2B	$406M	6.0x	20.5x
Digi International	$2B	$2B	$464M	4.3x	17.0x
TKH Group	$2B	$3B	$2B	1.3x	8.9x
Arlo	$2B	$1B	$537M	2.7x	18.7x
Fengzhushou	$2B	$2B	—	—	—
Gosuncn Technology Group	$2B	$2B	$292M	5.2x	62.9x
Tuya	$1B	$497M	$330M	1.5x	20.3x
Arcadyan Technology	$1B	$830M	$2B	0.5x	5.9x
Bittium	$1B	$1B	$148M	7.5x	26.5x
Nexwise Intelligence	$1B	$1B	—	—	—
Sensirion	$1B	$1B	$443M	2.3x	12.4x
Plejd	$1B	$1B	$109M	9.2x	27.0x
Raspberry Pi	$967M	$938M	$322M	2.9x	21.1x
Yuil Robotics	$953M	$944M	—	—	—
Ituran Location & Control	$909M	$821M	$367M	2.2x	8.4x
Aeva	$870M	$827M	$21M	38.6x	(7.5x)
Queclink	$854M	$699M	$120M	5.8x	42.6x
Sercomm	$768M	$724M	$2B	0.4x	7.6x
CE Info Systems	$611M	$577M	$56M	10.4x	29.0x
PowerFleet	$482M	$741M	$441M	1.7x	7.6x
Blackline Safety	$428M	$404M	$115M	3.5x	68.6x
Asterasys	$357M	$347M	$30M	11.6x	27.7x
Gemtek Technology	$343M	$222M	—	—	—
Ependion	$340M	$398M	$253M	1.6x	7.9x
Soracom	$289M	$245M	$62M	4.0x	42.9x
Fixstars	$289M	$X.XB	$62M	X.Xx	X.Xx
Xperi	$284M	$X.XB	$450M	X.Xx	X.Xx
Gorilla Technology Group	$268M	$X.XB	$117M	X.Xx	X.Xx
Lantronix	$238M	$X.XB	$122M	X.Xx	X.Xx
Smart Eye	$231M	$X.XB	$52M	X.Xx	X.Xx
SAIMO	$229M	$X.XB	—	X.Xx	X.Xx
Zumtobel	$206M	$X.XB	$1B	X.Xx	X.Xx
Immersion	$203M	$X.XB	—	X.Xx	X.Xx
Inseego	$201M	$X.XB	$171M	X.Xx	X.Xx
Quartix	$179M	$X.XB	$50M	X.Xx	X.Xx
Gefran	$177M	$X.XB	$163M	X.Xx	X.Xx
Kore Group	$157M	$X.XB	$288M	X.Xx	X.Xx
Nelco	$152M	$X.XB	—	X.Xx	X.Xx
Reeder	$144M	$X.XB	—	X.Xx	X.Xx
Arbe Robotics	$101M	$X.XB	$2M	X.Xx	X.Xx
EROAD	$99M	$X.XB	$116M	X.Xx	X.Xx
Viomi	$86M	$X.XB	$418M	X.Xx	X.Xx
Microprogram Information	$83M	$X.XB	—	X.Xx	X.Xx
LumenRadio	$81M	$X.XB	$28M	X.Xx	X.Xx
Oxford Metrics	$76M	$X.XB	$63M	X.Xx	X.Xx
AEye	$74M	$X.XB	$2M	X.Xx	X.Xx
Claranova	$71M	$X.XB	$121M	X.Xx	X.Xx
Airgain	$53M	$X.XB	$53M	X.Xx	X.Xx
Universal Electronics	$52M	$X.XB	$358M	X.Xx	X.Xx
Franklin Wireless	$45M	$X.XB	$45M	X.Xx	X.Xx
3ALogics	$42M	$X.XB	—	X.Xx	X.Xx
Latch	$41M	$X.XB	—	X.Xx	X.Xx
Yanosik	$41M	$X.XB	—	X.Xx	X.Xx
Silvair	$34M	$X.XB	—	X.Xx	X.Xx
MicroCloud Hologram	$31M	$X.XB	—	X.Xx	X.Xx
Better Online Solutions	$31M	$X.XB	—	X.Xx	X.Xx
Veea	$26M	$X.XB	—	X.Xx	X.Xx
Checkit	$24M	$X.XB	$19M	X.Xx	X.Xx
NCTE	$22M	$X.XB	—	X.Xx	X.Xx
E8ight	$13M	$X.XB	—	X.Xx	X.Xx
Fingerprint Cards	$13M	$X.XB	$9M	X.Xx	X.Xx
TalkPool	$12M	$X.XB	—	X.Xx	X.Xx
Cibox Inter@ctive	$12M	$X.XB	—	X.Xx	X.Xx
Informetis	$10M	$X.XB	$3M	X.Xx	X.Xx
ICZOOM Group	$10M	$X.XB	—	X.Xx	X.Xx
AMA Corp	$9M	$X.XB	—	X.Xx	X.Xx
Kerlink	$8M	$X.XB	$18M	X.Xx	X.Xx
Munic	$6M	$X.XB	$14M	X.Xx	X.Xx
Focus Universal	$5M	$X.XB	—	X.Xx	X.Xx
Unibap	$4M	$X.XB	—	X.Xx	X.Xx
Lightning Group	$3M	$X.XB	—	X.Xx	X.Xx
JonDeTech Sensors	$3M	$X.XB	—	X.Xx	X.Xx
Bee Smart Technologies	$2M	$X.XB	—	X.Xx	X.Xx
VEOM	$1M	$X.XB	—	X.Xx	X.Xx