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ageas Valuation Multiples
Discover revenue and EBITDA valuation multiples for ageas and similar public comparables like Mapfre, Everest Group, CNA Financial, Fidelity National Financial and more.
ageas Overview
About ageas
Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and overly ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralized debt. As Fortis’ capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis’ share price began to decline and financial market conditions continued to worsen, with a series of leadership changes, customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgian government. It also spun off its asset management and insurance units which later became Ageas.
Founded
1993
HQ
Employees
17.7K
Website
Sectors
Financials (LTM)
EV
$16B
ageas Financials
ageas reported last 12-month revenue of $10B.
In the same LTM period, ageas generated $2B in net income.
Revenue (LTM)
ageas P&L
In the most recent fiscal year, ageas reported revenue of $10B and net income of $1B.
ageas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $10B | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | — | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ageas Stock Performance
ageas has current market cap of $14B, and enterprise value of $16B.
Market Cap Evolution
ageas' stock price is $72.05.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16B | $14B | 0.0% | XXX | XXX | XXX | $6.82 |
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Start Free Trialageas Valuation Multiples
ageas trades at 1.6x EV/Revenue multiple.
EV / Revenue (LTM)
ageas Financial Valuation Multiples
As of March 24, 2026, ageas has market cap of $14B and EV of $16B.
Equity research analysts estimate ageas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ageas has a P/E ratio of 7.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBIT | 6.5x | XXX | — | XXX | XXX | XXX |
| P/E | 7.0x | XXX | 10.6x | XXX | XXX | XXX |
| EV/FCF | 13.2x | XXX | 21.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ageas 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.
ageas Margins & Growth Rates
ageas' revenue in the last 12 month grew by 7%.
ageas' revenue per employee in the last FY averaged $0.6M.
ageas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | (2%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ageas Public Comps
See public comps and valuation multiples for other Insurance Carriers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mapfre | XXX | XXX | XXX | XXX | XXX | XXX |
| Everest Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CNA Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Fidelity National Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Gjensidige Forsikring | 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.
ageas M&A Activity
ageas acquired XXX companies to date.
Last acquisition by ageas was on XXXXXXXX, XXXXX. ageas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ageas
| 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 Trialageas Investment Activity
ageas invested in XXX companies to date.
ageas made its latest investment on XXXXXXXX, XXXXX. ageas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ageas
| 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 ageas
| When was ageas founded? | ageas was founded in 1993. |
| Where is ageas headquartered? | ageas is headquartered in Belgium. |
| How many employees does ageas have? | As of today, ageas has over 17K employees. |
| Who is the CEO of ageas? | ageas' CEO is Hans De Cuyper. |
| Is ageas publicly listed? | Yes, ageas is a public company listed on Euronext Brussels. |
| What is the stock symbol of ageas? | ageas trades under AGS ticker. |
| When did ageas go public? | ageas went public in 1990. |
| Who are competitors of ageas? | ageas main competitors are Mapfre, Everest Group, CNA Financial, Fidelity National Financial. |
| What is the current market cap of ageas? | ageas' current market cap is $14B. |
| What is the current revenue of ageas? | ageas' last 12 months revenue is $10B. |
| What is the current revenue growth of ageas? | ageas revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of ageas? | Current revenue multiple of ageas is 1.6x. |
| Is ageas profitable? | Yes, ageas is net-income-positive (as of the last 12 months). |
| What is the current net income of ageas? | ageas' last 12 months net income is $2B. |
| What is the current FCF of ageas? | ageas' last 12 months FCF is $1B. |
| What is ageas' FCF margin? | ageas' last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of ageas? | Current FCF multiple of ageas is 13.2x. |
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