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Afry Valuation Multiples
Discover revenue and EBITDA valuation multiples for Afry and similar public comparables like Perenti, Wacker Neuson, Ameresco, Implenia and more.
Afry Overview
About Afry
Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. It develops solutions for public and private clients and can serve all regions of the world. The business divisions are Industrial & Digital Solutions, Infrastructure, Process Industries, Energy, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals. It also offers engineering, design, and advisory services across three main sectors: infrastructure, industry, and energy. It generates the majority of its revenue from the Infrastructure segment.
Founded
1895
HQ
Employees
18.2K
Website
Sectors
Financials (LTM)
EV
$2B
Afry Financials
Afry reported last 12-month revenue of $3B and EBITDA of $285M.
In the same LTM period, Afry generated $262M in gross profit, $285M in EBITDA, and $100M in net income.
Revenue (LTM)
Afry P&L
In the most recent fiscal year, Afry reported revenue of $3B and EBITDA of $281M.
Afry expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $262M | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 9% | XXX | 76% | XXX | XXX | XXX |
| EBITDA | $285M | XXX | $281M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $100M | XXX | $89M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $403M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Afry Stock Performance
Afry has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Afry's stock price is $13.93.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | -0.4% | XXX | XXX | XXX | $0.78 |
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Start Free TrialAfry Valuation Multiples
Afry trades at 0.8x EV/Revenue multiple, and 7.5x EV/EBITDA.
EV / Revenue (LTM)
Afry Financial Valuation Multiples
As of March 29, 2026, Afry has market cap of $2B and EV of $2B.
Equity research analysts estimate Afry's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Afry has a P/E ratio of 15.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 7.5x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBIT | 10.7x | XXX | 10.9x | XXX | XXX | XXX |
| EV/Gross Profit | 8.1x | XXX | 1.0x | XXX | XXX | XXX |
| P/E | 15.8x | XXX | 17.7x | XXX | XXX | XXX |
| EV/FCF | 11.0x | XXX | 9.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Afry 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.
Afry Margins & Growth Rates
Afry's revenue in the last 12 month declined by (2%).
Afry's revenue per employee in the last FY averaged $0.2M.
Afry's rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Afry's rule of X is 6% (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).
Afry Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 9% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 6% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 71% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Afry Public Comps
See public comps and valuation multiples for other Construction & Engineering comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Perenti | XXX | XXX | XXX | XXX | XXX | XXX |
| Wacker Neuson | XXX | XXX | XXX | XXX | XXX | XXX |
| Ameresco | XXX | XXX | XXX | XXX | XXX | XXX |
| Implenia | XXX | XXX | XXX | XXX | XXX | XXX |
| Cairn Homes | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Afry M&A Activity
Afry acquired XXX companies to date.
Last acquisition by Afry was on XXXXXXXX, XXXXX. Afry acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Afry
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAfry Investment Activity
Afry invested in XXX companies to date.
Afry made its latest investment on XXXXXXXX, XXXXX. Afry invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Afry
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Afry
| When was Afry founded? | Afry was founded in 1895. |
| Where is Afry headquartered? | Afry is headquartered in Sweden. |
| How many employees does Afry have? | As of today, Afry has over 18K employees. |
| Who is the CEO of Afry? | Afry's CEO is Linda Palsson. |
| Is Afry publicly listed? | Yes, Afry is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Afry? | Afry trades under AFRY ticker. |
| When did Afry go public? | Afry went public in 1986. |
| Who are competitors of Afry? | Afry main competitors are Perenti, Wacker Neuson, Ameresco, Implenia. |
| What is the current market cap of Afry? | Afry's current market cap is $2B. |
| What is the current revenue of Afry? | Afry's last 12 months revenue is $3B. |
| What is the current revenue growth of Afry? | Afry revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Afry? | Current revenue multiple of Afry is 0.8x. |
| Is Afry profitable? | Yes, Afry is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Afry? | Afry's last 12 months EBITDA is $285M. |
| What is Afry's EBITDA margin? | Afry's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Afry? | Current EBITDA multiple of Afry is 7.5x. |
| What is the current FCF of Afry? | Afry's last 12 months FCF is $193M. |
| What is Afry's FCF margin? | Afry's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Afry? | Current FCF multiple of Afry is 11.0x. |
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