Adtran Valuation Multiples

Adtran Overview

About Adtran

Adtran Holdings Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions, which includes hardware and software products that enable a digital future that supports the company's Subscriber, Access & Aggregation, and Optical Networking Solutions; and Services & Support Segment which includes network design, implementation, maintenance and cloud-hosted services supporting the company's Subscriber, Access & Aggregation, and Optical Networking Solutions.

Founded

1985

HQ

Employees

3.2K

Website

adtran.com

Sectors

Networking HardwareTelecom InfrastructureDeepTech

Financials (LTM)

Revenue: $1B

EBITDA: $126M

EV

$1B

Valuation Multiples

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Adtran Financials

Adtran reported last 12-month revenue of $1B and EBITDA of $126M.

In the same LTM period, Adtran generated $465M in gross profit, $126M in EBITDA, and $25M in net income.

Adtran P&L

In the most recent fiscal year, Adtran reported revenue of $1B and EBITDA of $115M.

Adtran expects next 12-month revenue of XXX and NTM EBITDA of XXX

Adtran Stock Performance

Adtran has current market cap of $1B, and enterprise value of $1B.

Adtran's stock price is $16.96.

Adtran Valuation Multiples

Adtran trades at 1.3x EV/Revenue multiple, and 11.8x EV/EBITDA.

Adtran Financial Valuation Multiples

As of April 20, 2026, Adtran has market cap of $1B and EV of $1B.

Equity research analysts estimate Adtran's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Adtran has a P/E ratio of 54.3x.

Adtran Margins & Growth Rates

Adtran's revenue in the last 12 month grew by 9%.

Adtran's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Adtran's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Adtran's rule of X is 35% (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).

Adtran Public Comps

See public comps and valuation multiples for other Networking Hardware and Telecom Infrastructure comps.

Adtran M&A Activity

Adtran acquired XXX companies to date.

Last acquisition by Adtran was on XXXXXXXX, XXXXX. Adtran acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Adtran Investment Activity

Adtran invested in XXX companies to date.

Adtran made its latest investment on XXXXXXXX, XXXXX. Adtran invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).