📣 VC round data is live. Check it out!

Public Comps and Valuation Multiples for Networking Hardware

Benchmark revenue and EBITDA valuation multiples for public comps like
Samsung, Cisco, Foxconn Industrial Internet, Arista Networks and Amphenol.

Select Vertical

Networking Hardware

Viewing 50 of 216 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Samsung	$1.2T	$1.1T	$315B	3.6x	8.3x
Cisco	$475B	$489B	$62B	7.9x	20.3x
Foxconn Industrial Internet	$196B	$194B	$166B	1.2x	20.8x
Arista Networks	$194B	$182B	$10B	18.1x	37.6x
Amphenol	$162B	$177B	$27B	6.5x	20.8x
Eoptolink	$89B	$88B	$5B	16.9x	36.7x
Nokia	$86B	$83B	$24B	3.5x	24.9x
Ciena	$83B	$83B	$6B	14.9x	80.3x
Lumentum	$74B	$74B	$3B	25.9x	78.5x
Motorola	$67B	$76B	$12B	6.3x	18.6x
TE Connectivity	$59B	$64B	$19B	3.4x	13.0x
Fujikura	$50B	$50B	$8B	6.6x	44.2x
Prysmian	$50B	$54B	$24B	2.3x	18.2x
Hewlett Packard Enterprise	$50B	$67B	$38B	1.8x	10.3x
Ericsson	$44B	$41B	$25B	1.6x	8.6x
Accton	$44B	$42B	$9B	4.6x	32.0x
Suzhou TFC Optical Communication	$43B	$42B	$1B	40.8x	86.2x
Ubiquiti	$37B	$37B	$3B	11.7x	—
EchoStar	$36B	$63B	$15B	4.2x	35.6x
Yangtze Optical Fibre	$35B	$36B	$3B	13.2x	56.7x
AST SpaceMobile	$32B	$32B	$110M	288.4x	(145.0x)
nVent Electric	$27B	$28B	$4B	6.5x	28.5x
HENGTONG Group	$26B	$27B	$11B	2.5x	26.4x
ZTE	$23B	$26B	$20B	1.3x	17.2x
HGTECH	$23B	$23B	$3B	9.2x	66.5x
Jiangsu Zhongtian Tech Co.	$22B	$20B	$8B	2.4x	22.1x
Centec Communications	$18B	$18B	$203M	89.8x	(3513.9x)
IEIT Systems	$15B	$16B	$26B	0.6x	32.9x
Applied Optoelectronics	$15B	$14B	$685M	21.0x	359.2x
BizLink Group	$14B	$14B	—	—	—
Viavi Solutions	$12B	$13B	$1B	8.8x	39.3x
Zebra	$12B	$15B	$6B	2.6x	12.1x
Ruijie Networks	$12B	$12B	$2B	5.0x	54.8x
FiberHome	$11B	$12B	$4B	3.1x	20.6x
Transsion Holdings	$11B	$8B	$10B	0.9x	18.1x
Viasat	$10B	$16B	$5B	3.3x	9.9x
Advanced Fiber Resources	$10B	$10B	—	—	—
CICT Mobile Communications	$9B	$9B	$913M	9.8x	1438.6x
NKT	$9B	$8B	$4B	1.9x	17.8x
CIG Shanghai	$9B	$9B	$698M	12.7x	—
QuantumCTek	$9B	$9B	$58M	149.4x	3001.9x
Nexans	$8B	$9B	$9B	1.0x	9.8x
Sangfor Technologies	$7B	$7B	$1B	5.7x	111.9x
Yealink	$7B	$6B	$938M	6.6x	13.7x
Orbbec	$7B	$7B	$176M	38.9x	355.9x
Far East Smarter Energy	$7B	$8B	$4B	1.7x	41.2x
GIGABYTE	$7B	$7B	$12B	0.6x	10.0x
Lightelligence	$7B	$7B	—	—	—
InterDigital	$7B	$6B	$784M	7.7x	11.7x
Optowide	$6B	$6B	$102M	62.1x	211.7x
AAC Technologies	$6B		$5B
Huber+Suhner	$6B		$1B
Guangzhou Haige Communications	$6B		$703M
Tata Communications	$6B		$3B
TIME Interconnect	$6B		$2B
Addsino Co.	$6B		—
InnoDisk	$5B		$1B
Eutelsat	$5B		$1B
Dolby Laboratories	$5B		$1B
Walsin Lihwa	$5B		$6B
Hirose Electric	$5B		$1B
BlackBerry	$5B		$560M
Impinj	$5B		$366M
WNC	$5B		$4B
Ondas	$5B		$185M
Glarun Technology	$5B		$502M
Belden	$4B		$3B
China Zhenhua	$4B		—
Jushri Technologies	$4B		$85M
Extreme Networks	$3B		$1B
Seojin System	$3B		$868M
Quectel	$3B		$4B
HMS Networks	$3B		$414M
Fibocom Wireless	$3B		$1B
FOCI Fiber Optic Communications	$3B		$72M
Wingtech	$3B		$3B
Browave	$3B		$82M
ITI	$3B		—
Fujian Star-Net	$3B		$3B
Jiangxi Lianchuang	$3B		—
Digi International	$2B		$489M
Cetc Potevio Science	$2B		—
Hytera Communications	$2B		—
Eastern Communications	$2B		—
HFCL	$2B		$516M
China Marine Information	$2B		$558M
Sterlite Technologies	$2B		$519M
FS.com	$2B		—
TKH Group	$2B		$2B
Skyworth Digital	$2B		—
Jezetek	$2B		—
Tianjin 712 Communication	$2B		—
Preformed Line Products	$2B		$710M
Vtech	$2B		$2B
Datang Telecom Group	$2B		—
Bittium	$2B		$153M
Harmonic	$2B		$411M
Chengdu CORPRO Technology	$2B		—
Kinpo Electronics	$2B		—
Gosuncn Technology Group	$1B		$317M
Genew	$1B		—
EmbedWay	$1B		$159M
Adtran Networks	$1B		—
Invisio	$1B		$211M
Arcadyan Technology	$1B		$2B
u-Blox	$1B		—
Adtran	$1B		$1B
Plover Bay Technologies	$1B		$139M
Sumavision	$1B		—
Filtronic	$1B		$74M
Gilat Satellite Networks	$1B		$474M
Astra Microwave Prods	$1B		$126M
Frequentis	$1B		$704M
Intellian Technologies	$1B		$234M
Hexatronic Group	$994M		$841M
Intelbras	$938M		$885M
Elsight	$911M		$36M
Evertz Microsystems	$879M		$374M
Urovo	$868M		—
Tejas Networks	$860M		—
Sercomm	$808M		$2B
Netgear	$692M		$688M
Frequency Electronics	$672M		$67M
Napatech	$616M		$28M
Smartoptics	$604M		$88M
Clearfield	$594M		$160M
Alpha Networks	$586M		—
Gemtek Technology	$546M		—
Comba Telecom	$537M		—
Amper	$513M		$353M
Ribbon Communications	$491M		$842M
Rapac	$491M		—
EVS Broadcast Equipment	$485M		$253M
Ependion	$482M		$258M
Dongwon Systems	$459M		—
Avantel	$445M		—
Methode Electronics	$398M		$959M
Thaicom	$370M		$79M
Intracom Holdings	$356M		—
Ericsson Nikola Tesla	$325M		—
Lantronix	$282M		$121M
Cogelec	$282M		—
Netronix	$268M		$284M
Saudi Cable	$265M		—
Silicom	$259M		$70M
Radcom	$243M		$74M
Ceragon Networks	$243M		$349M
Vecima Networks	$238M		$213M
KVH Industries	$228M		$123M
Aviat Networks	$227M		$431M
Karel	$223M		—
AudioCodes	$213M		$248M
Inseego	$203M		$175M
Türk Prysmian Kablo	$186M		—
Enea	$182M		$100M
Ateme	$163M		$114M
Quarterhill	$159M		$161M
Net Insight	$147M		$58M
Comtech Telecom	$142M		$452M
Electro Cable Egypt	$136M		—
Sangoma	$121M		$208M
Huddly	$105M		—
CeoTronics	$101M		$64M
Ekinops	$97M		$124M
LumenRadio	$91M		$28M
Netaş	$90M		—
Airgain	$89M		$54M
Alcadon Group	$86M		$159M
Teleste	$80M		$166M
MTI Wireless Edge	$72M		$53M
DrayTek	$70M		—
PicoCELA	$64M		—
BeammWave	$61M		$3M
Gapwaves	$61M		$11M
TagMaster	$56M		—
Fatpipe	$53M		$20M
Etherstack	$53M		$13M
3ALogics	$42M		—
Waystream Group	$38M		$16M
KebNi	$37M		$15M
Saf Tehnika	$36M		—
Franklin Wireless	$36M		$45M
Inscobee	$35M		—
Broadpeak	$35M		$53M
Swissnet Group	$35M		—
Better Online Solutions	$32M		$51M
WDC Networks	$31M		—
Netgem	$30M		$37M
Senetas	$30M		$14M
Maven Wireless	$28M		$20M
UTStarcom	$25M		—
Padtec	$24M		—
TCECUR Sweden	$20M		—
HF Company	$15M		—
Txcom	$12M		—
TalkPool	$12M		—
InCoax Networks	$12M		—
Atlinks Group	$12M		—
aconnic	$11M		—
Enensys Technologies	$11M		$13M
ClearOne	$9M		—
Cambium Networks	$8M		—
Optronics Technologies	$8M		—
Kerlink	$8M		$19M
Avenir Telecom	$8M		—
Vislink Technologies	$7M		—
Maxcom	$4M		—
Adeunis RF	$4M		—
Verbicom	$4M		—
Indeco	$4M		—
Boxlight	$3M		$110M
Cyfrowe Centrum Serwisowe	$2M		—
Arzneiwerk VIDA	$2M		—
Airborne Wireless Network	$2M		—
Exalt	$2M		—
Option	—		—