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Akeso Valuation Multiples
Discover revenue and EBITDA valuation multiples for Akeso and similar public comparables like Sichuan Biokin, Genmab, Shionogi, Viatris and more.
Akeso Overview
About Akeso
Akeso Inc is an investment holding company. The Company's subsidiaries were involved in research and development, production, and commercialization of biopharmaceutical products. The company currently has a pipeline of over 30 drugs for the treatment of diseases like cancers, autoimmune diseases, inflammation, and metabolic diseases, 17 of which have entered the clinical stage, including two first-in-class bi-specific antibody drugs (PD-1/CTLA-4 and PD-1/VEGF). The majority of the company's revenue is earned in Mainland China, and also has its presence in USA and Other regions.
Founded
2019
HQ

Employees
3.0K
Website
Sectors
Financials (LTM)
EV
$17B
Akeso Financials
Akeso reported last 12-month revenue of $534M and negative EBITDA of ($44M).
In the same LTM period, Akeso generated $433M in gross profit, ($44M) in EBITDA losses, and had net loss of ($107M).
Revenue (LTM)
Akeso P&L
In the most recent fiscal year, Akeso reported revenue of $311M and EBITDA of ($35M).
Akeso expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $534M | XXX | $311M | XXX | XXX | XXX |
| Gross Profit | $433M | XXX | $269M | XXX | XXX | XXX |
| Gross Margin | 81% | XXX | 86% | XXX | XXX | XXX |
| EBITDA | ($44M) | XXX | ($35M) | XXX | XXX | XXX |
| EBITDA Margin | (8%) | XXX | (11%) | XXX | XXX | XXX |
| EBIT Margin | (15%) | XXX | (24%) | XXX | XXX | XXX |
| Net Profit | ($107M) | XXX | ($75M) | XXX | XXX | XXX |
| Net Margin | (20%) | XXX | (24%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Akeso Stock Performance
Akeso has current market cap of $18B, and enterprise value of $17B.
Market Cap Evolution
Akeso's stock price is $19.30.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17B | $18B | 1.5% | XXX | XXX | XXX | $-0.08 |
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Start Free TrialAkeso Valuation Multiples
Akeso trades at 32.6x EV/Revenue multiple, and (397.3x) EV/EBITDA.
EV / Revenue (LTM)
Akeso Financial Valuation Multiples
As of April 18, 2026, Akeso has market cap of $18B and EV of $17B.
Equity research analysts estimate Akeso's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Akeso has a P/E ratio of (166.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV/Revenue | 32.6x | XXX | 55.9x | XXX | XXX | XXX |
| EV/EBITDA | (397.3x) | XXX | (497.1x) | XXX | XXX | XXX |
| EV/EBIT | (215.3x) | XXX | (235.6x) | XXX | XXX | XXX |
| EV/Gross Profit | 40.2x | XXX | 64.7x | XXX | XXX | XXX |
| P/E | (166.5x) | XXX | (235.7x) | XXX | XXX | XXX |
| EV/FCF | (152.6x) | XXX | (105.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Akeso 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.


Akeso Margins & Growth Rates
Akeso's revenue in the last 12 month grew by 61%.
Akeso's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Akeso's rule of 40 is 82% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Akeso's rule of X is 187% (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).
Akeso Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 61% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Margin | (8%) | XXX | (11%) | XXX | XXX | XXX |
| EBITDA Growth | (435%) | XXX | 191% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 82% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 187% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 41% | XXX | 47% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 20% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 46% | XXX | 56% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 110% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Akeso Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Akeso | XXX | XXX | XXX | XXX | XXX | XXX |
| Sichuan Biokin | XXX | XXX | XXX | XXX | XXX | XXX |
| Genmab | XXX | XXX | XXX | XXX | XXX | XXX |
| Shionogi | XXX | XXX | XXX | XXX | XXX | XXX |
| Viatris | XXX | XXX | XXX | XXX | XXX | XXX |
| Incyte | 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.
Akeso M&A Activity
Akeso acquired XXX companies to date.
Last acquisition by Akeso was on XXXXXXXX, XXXXX. Akeso acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Akeso
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialAkeso Investment Activity
Akeso invested in XXX companies to date.
Akeso made its latest investment on XXXXXXXX, XXXXX. Akeso invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Akeso
| 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 Akeso
| When was Akeso founded? | Akeso was founded in 2019. |
| Where is Akeso headquartered? | Akeso is headquartered in China. |
| How many employees does Akeso have? | As of today, Akeso has over 3K employees. |
| Who is the CEO of Akeso? | Akeso's CEO is Yu Xia. |
| Is Akeso publicly listed? | Yes, Akeso is a public company listed on HKEX. |
| What is the stock symbol of Akeso? | Akeso trades under 09926 ticker. |
| When did Akeso go public? | Akeso went public in 2020. |
| Who are competitors of Akeso? | Akeso main competitors are Sichuan Biokin, Genmab, Shionogi, Viatris. |
| What is the current market cap of Akeso? | Akeso's current market cap is $18B. |
| What is the current revenue of Akeso? | Akeso's last 12 months revenue is $534M. |
| What is the current revenue growth of Akeso? | Akeso revenue growth (NTM/LTM) is 61%. |
| What is the current EV/Revenue multiple of Akeso? | Current revenue multiple of Akeso is 32.6x. |
| Is Akeso profitable? | No, Akeso is not profitable. |
| What is the current EBITDA of Akeso? | Akeso has negative EBITDA and is not profitable. |
| What is Akeso's EBITDA margin? | Akeso's last 12 months EBITDA margin is (8%). |
| What is the current EV/EBITDA multiple of Akeso? | Current EBITDA multiple of Akeso is (397.3x). |
| What is the current FCF of Akeso? | Akeso's last 12 months FCF is ($114M). |
| What is Akeso's FCF margin? | Akeso's last 12 months FCF margin is (21%). |
| What is the current EV/FCF multiple of Akeso? | Current FCF multiple of Akeso is (152.6x). |
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