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- Afya
Afya Valuation Multiples
Discover revenue and EBITDA valuation multiples for Afya and similar public comparables like National Company for Learning & Education, Advtech, Cengage, Lincoln Educational Services and more.
Afya Overview
About Afya
Afya Ltd is a medical education group based in Brazil. Its education portfolio has several courses in addition to Medicine, such as Management, Dentistry, Law, Engineering, Nursing, Psychology, and Accounting Sciences, among others. It has three segments; Undergrad provides educational services through undergraduate courses related to medical school, undergraduate health science and other ex-health undergraduate programs, Continuing Education provides medical education, specialization and graduate courses in medicine, delivered through digital and in-person content; and Medical practice solution provides clinical decision, clinical management and doctor-patient relationships for physicians and provide access, demand and efficiency for the healthcare players.
Founded
2019
HQ

Employees
9.7K
Website
Financials (LTM)
EV
$2B
Afya Financials
Afya reported last 12-month revenue of $730M and EBITDA of $325M.
In the same LTM period, Afya generated $325M in EBITDA and $150M in net income.
Revenue (LTM)
Afya P&L
In the most recent fiscal year, Afya reported revenue of $743M and EBITDA of $336M.
Afya expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $730M | XXX | $743M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $479M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $325M | XXX | $336M | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| EBIT Margin | 34% | XXX | 33% | XXX | XXX | XXX |
| Net Profit | $150M | XXX | $151M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | — | — | $187M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Afya Stock Performance
Afya has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Afya's stock price is $15.83.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $1.68 |
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Start Free TrialAfya Valuation Multiples
Afya trades at 2.5x EV/Revenue multiple, and 5.6x EV/EBITDA.
EV / Revenue (LTM)
Afya Financial Valuation Multiples
As of April 20, 2026, Afya has market cap of $1B and EV of $2B.
Equity research analysts estimate Afya's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Afya has a P/E ratio of 9.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | 5.6x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBIT | 7.4x | XXX | 7.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 9.5x | XXX | 9.4x | XXX | XXX | XXX |
| EV/FCF | 8.7x | XXX | 7.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Afya 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.


Afya Margins & Growth Rates
Afya's revenue in the last 12 month grew by 12%.
Afya's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Afya's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Afya's rule of X is 62% (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).
Afya Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 62% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 32% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Afya Public Comps
See public comps and valuation multiples for other Learning Platforms and Education & Training comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Afya | XXX | XXX | XXX | XXX | XXX | XXX |
| National Company for Learning & Education | XXX | XXX | XXX | XXX | XXX | XXX |
| Advtech | XXX | XXX | XXX | XXX | XXX | XXX |
| Cengage | XXX | XXX | XXX | XXX | XXX | XXX |
| Lincoln Educational Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Cogna Educação | 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.
Afya M&A Activity
Afya acquired XXX companies to date.
Last acquisition by Afya was on XXXXXXXX, XXXXX. Afya acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Afya
| 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 TrialAfya Investment Activity
Afya invested in XXX companies to date.
Afya made its latest investment on XXXXXXXX, XXXXX. Afya invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Afya
| 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 Afya
| When was Afya founded? | Afya was founded in 2019. |
| Where is Afya headquartered? | Afya is headquartered in Brazil. |
| How many employees does Afya have? | As of today, Afya has over 9K employees. |
| Who is the CEO of Afya? | Afya's CEO is Virgilio Deloy Capobianco Gibbon. |
| Is Afya publicly listed? | Yes, Afya is a public company listed on Nasdaq. |
| What is the stock symbol of Afya? | Afya trades under AFYA ticker. |
| When did Afya go public? | Afya went public in 2019. |
| Who are competitors of Afya? | Afya main competitors are National Company for Learning & Education, Advtech, Cengage, Lincoln Educational Services. |
| What is the current market cap of Afya? | Afya's current market cap is $1B. |
| What is the current revenue of Afya? | Afya's last 12 months revenue is $730M. |
| What is the current revenue growth of Afya? | Afya revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Afya? | Current revenue multiple of Afya is 2.5x. |
| Is Afya profitable? | Yes, Afya is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Afya? | Afya's last 12 months EBITDA is $325M. |
| What is Afya's EBITDA margin? | Afya's last 12 months EBITDA margin is 45%. |
| What is the current EV/EBITDA multiple of Afya? | Current EBITDA multiple of Afya is 5.6x. |
| What is the current FCF of Afya? | Afya's last 12 months FCF is $210M. |
| What is Afya's FCF margin? | Afya's last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of Afya? | Current FCF multiple of Afya is 8.7x. |
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