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Adesso Valuation Multiples

Discover Adesso's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like ARD Grup, Austriacard, Computer Eng & Consulting, Rimini Street and more.

Adesso Overview

About Adesso

Adesso SE is a German IT service provider company. The company offers consulting and software development services for optimizing core business processes. It also offers ready-to-use software products for standard applications. The company generates majority of its sales revenue through consulting and software development in Germany. It has two segments, namely, IT Services and IT Solutions. The IT Services segment offers customized, project-oriented services in the areas of consulting and software development. The IT Solutions segment markets its own solutions as homegrown products or standard software products. The IT service segment generates majority of revenue.


Founded

1997

HQ

Germany

Employees

11.1K

Website

adesso.de

Financials (LTM)

Revenue: $2B
EBITDA: $150M

EV

$556M

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Adesso Financials

Adesso reported last 12-month revenue of $2B and EBITDA of $150M.

In the same LTM period, Adesso generated $1B in gross profit, $150M in EBITDA, and $25M in net income.

Revenue (LTM)


Adesso P&L

In the most recent fiscal year, Adesso reported revenue of $2B and EBITDA of $142M.

Adesso is profitable as of last fiscal year, with gross margin of 29%, EBITDA margin of 8%, and net margin of 1%.

See analyst estimates for Adesso
LTMLast FY202320242025202620272028
Revenue$2B$2B$1B$2B$2B
Gross Profit$1B$494M$375M$424M$494M
Gross Margin84%29%29%28%29%
EBITDA$150M$142M$94M$115M$142M
EBITDA Margin8%8%7%8%8%
EBIT Margin4%3%2%2%3%
Net Profit$25M$21M$4M$9M$21M
Net Margin1%1%0%1%1%
Net Debt-$67M---

Financial data powered by Morningstar, Inc.

Adesso Stock Performance

Adesso has current market cap of $394M, and enterprise value of $556M.

Market Cap Evolution


Adesso's stock price is $61.47.

Adesso share price decreased by 13.0% in the last 30 days, and by 40.0% in the last year.

Adesso has an EPS (earnings per share) of $3.28.

See more trading valuation data for Adesso
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$556M$394M0.0%-13.0%-9.9%-40.0%$3.28

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Adesso Valuation Multiples

Adesso trades at 0.3x EV/Revenue multiple, and 3.7x EV/EBITDA.

See NTM and 2027E valuation multiples for Adesso

EV / Revenue (LTM)


Adesso Financial Valuation Multiples

As of June 15, 2026, Adesso has market cap of $394M and EV of $556M.

Adesso has a P/E ratio of 15.5x.

LTMLast FY202320242025202620272028
EV/Revenue0.3x0.3x0.4x0.4x0.3x
EV/EBITDA3.7x3.9x5.9x4.8x3.9x
EV/EBIT8.9x9.5x23.3x16.6x9.8x
EV/Gross Profit0.4x1.1x1.5x1.3x1.1x
P/E15.5x18.7x106.2x41.9x18.7x
EV/FCF22.2x11.1x11.3x5.9x11.1x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Adesso Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Adesso Margins & Growth Rates

Adesso grew revenue by 11% and EBITDA by 12% in the last fiscal year.

In the most recent fiscal year, Adesso reported gross margin of 29%, EBITDA margin of 8%, and net margin of 1%.

See estimated margins and future growth rates for Adesso

Adesso Margins

Last FY202420252026202720282029
Gross Margin29%28%29%85%
EBITDA Margin8%8%8%8%
EBIT Margin3%2%3%4%
Net Margin1%1%1%2%
FCF Margin3%6%3%2%

Adesso Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth11%14%13%11%
Gross Profit Growth223%13%17%223%
EBITDA Growth12%23%24%12%
EBIT Growth17%41%68%21%
Net Profit Growth47%153%123%47%
FCF Growth(42%)92%(47%)(42%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Adesso Operational KPIs

Adesso's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Adesso's Rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Adesso's Rule of X is 37% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Adesso
LTMLast FY202320242025202620272028
Rule of 4020%20%---
Bessemer Rule of X37%37%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue-1%1%1%1%
G&A Expenses to Revenue-1%1%1%1%
Opex to Revenue-26%27%26%26%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Adesso Competitors

Adesso competitors include ARD Grup, Austriacard, Computer Eng & Consulting, Rimini Street, Change Holdings, Cyient DLM, Computer Direct Group, Novabase, Izertis and Proact IT Group.

Most Adesso public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
ARD Grup4.6x-9.2x-
Austriacard1.2x1.1x8.5x8.2x
Computer Eng & Consulting0.5x0.5x4.4x-
Rimini Street0.8x0.8x4.7x6.4x
Change Holdings1.5x1.3x4.2x-
Cyient DLM2.8x2.7x22.2x26.0x
Computer Direct Group0.1x-1.3x-
Novabase2.5x-15.7x-

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Acquisitions by Adesso

Adesso has acquired 11 companies to date.

Last acquisition by Adesso was on February 20th 2024. Adesso acquired Arteno for undisclosed valuation.

See M&A valuation multiples

Latest Acquisitions by Adesso

Arteno
quadox
Purple Scout
Reachbird
Description
Arteno is a Belgium-based consultancy firm focused on SAP implementations, with deep expertise in S/4HANA migrations and customizations. It delivers end-to-end services from assessment and blueprinting to go-live support and ongoing optimization for manufacturing and distribution clients. Headquartered in Ghent, Arteno operates across Europe, partnering with SAP for certified S/4HANA solutions that enhance supply chain visibility and financial reporting. Established in 2005, the firm has supported over 100 SAP projects, including large-scale transformations for food and chemical industries.
quadox is a data management specialist providing SAP analytics solutions. Based in the Netherlands, it offers consulting for SAP BW, HANA implementations, and data warehousing to optimize business intelligence for European enterprises.
Purple Scout is a Stockholm-based software development firm building mobile applications, Internet of Things devices, big data platforms, machine learning models, virtual reality experiences, and augmented reality tools. The company delivers custom solutions for industries like healthcare, manufacturing, and retail, with projects involving sensor integration and predictive analytics.
Reachbird is a Berlin-headquartered SaaS platform for influencer marketing that matches brands with social media creators whose audiences align demographically. It supplies campaign analytics tracking reach, engagement, and ROI across Instagram, TikTok, and YouTube, serving agencies in Europe with automated discovery and performance reporting.
HQ CountryTurkeyGermanySwedenGermany
HQ City
Istanbul
Walldorf
Malmö
Munich
Deal Date20 Feb 202429 Jul 20226 Apr 20226 Jul 2021
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Adesso

When was Adesso founded?Adesso was founded in 1997.
Where is Adesso headquartered?Adesso is headquartered in Germany.
How many employees does Adesso have?As of today, Adesso has over 11K employees.
Is Adesso publicly listed?Yes, Adesso is a public company listed on Frankfurt Stock Exchange.
What is the stock symbol of Adesso?Adesso trades under ADN1 ticker.
When did Adesso go public?Adesso went public in 2000.
Who are competitors of Adesso?Adesso main competitors include ARD Grup, Austriacard, Computer Eng & Consulting, Rimini Street, Change Holdings, Cyient DLM, Computer Direct Group, Novabase, Izertis, Proact IT Group.
What is the current market cap of Adesso?Adesso's current market cap is $394M.
What is the current revenue of Adesso?Adesso's last 12 months revenue is $2B.
What is the current revenue growth of Adesso?Adesso revenue growth (NTM/LTM) is 11%.
What is the current EV/Revenue multiple of Adesso?Current revenue multiple of Adesso is 0.3x.
What is the current EBITDA of Adesso?Adesso's last 12 months EBITDA is $150M.
What is Adesso's EBITDA margin?Adesso's last 12 months EBITDA margin is 8%.
What is the current EV/EBITDA multiple of Adesso?Current EBITDA multiple of Adesso is 3.7x.
What is the current FCF of Adesso?Adesso's last 12 months FCF is $25M.
What is Adesso's FCF margin?Adesso's last 12 months FCF margin is 1%.
What is the current EV/FCF multiple of Adesso?Current FCF multiple of Adesso is 22.2x.
How many companies Adesso has acquired to date?As of June 2026, Adesso has acquired 11 companies.
What was the largest acquisition by Adesso?$286M acquisition of SP Integration on 6th September 2016 was the largest M&A Adesso has done to date.
What companies Adesso acquired?Adesso acquired SP Integration, Smarthouse Media, KIWI, UnitCon, Reachbird, Purple Scout, Arteno, Management systems, quadox, Sunny Trail Consulting, and 1 other company.
In how many companies Adesso has invested to date?Adesso hasn't invested in any companies yet (or none have been disclosed publicly).

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