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AltaGas Valuation Multiples
Discover revenue and EBITDA valuation multiples for AltaGas and similar public comparables like GAIL (India), GE Vernova T&D India, Oklo, Romgaz and more.
AltaGas Overview
About AltaGas
AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities, and Corporate/other. Midstream business consists of export facilities and locates processing, fractionation, and logistics infrastructure, as well as hydrocarbon storage in North America that connects North American producers from wellhead to offshore export and domestic markets. The utility business is offered through its regulated natural gas utilities - Washington Gas and SEMCO. The business generates revenue from customers in both Canada and the United States, with the majority coming from Canadian customers.
Founded
1993
HQ
Employees
2.7K
Website
Financials (LTM)
EV
$19B
AltaGas Financials
AltaGas reported last 12-month revenue of $10B and EBITDA of $1B.
In the same LTM period, AltaGas generated $3B in gross profit, $1B in EBITDA, and $505M in net income.
Revenue (LTM)
AltaGas P&L
In the most recent fiscal year, AltaGas reported revenue of $9B and EBITDA of $1B.
AltaGas 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 | $9B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 16% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $505M | XXX | $559M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $7B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
AltaGas Stock Performance
AltaGas has current market cap of $11B, and enterprise value of $19B.
Market Cap Evolution
AltaGas' stock price is $36.06.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19B | $11B | 2.0% | XXX | XXX | XXX | $1.80 |
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Start Free TrialAltaGas Valuation Multiples
AltaGas trades at 2.0x EV/Revenue multiple, and 13.6x EV/EBITDA.
EV / Revenue (LTM)
AltaGas Financial Valuation Multiples
As of April 17, 2026, AltaGas has market cap of $11B and EV of $19B.
Equity research analysts estimate AltaGas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
AltaGas has a P/E ratio of 22.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 13.6x | XXX | 13.0x | XXX | XXX | XXX |
| EV/EBIT | 18.3x | XXX | 18.2x | XXX | XXX | XXX |
| EV/Gross Profit | 6.9x | XXX | 7.1x | XXX | XXX | XXX |
| P/E | 22.2x | XXX | 20.1x | XXX | XXX | XXX |
| EV/FCF | 57.1x | XXX | 57.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified AltaGas 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.
AltaGas Margins & Growth Rates
AltaGas' revenue in the last 12 month grew by 8%.
AltaGas' revenue per employee in the last FY averaged $3.4M, while opex per employee averaged $0.6M for the same period.
AltaGas' rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
AltaGas' rule of X is 39% (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).
AltaGas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | (0%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | (1%) | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 18% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
AltaGas Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| AltaGas | XXX | XXX | XXX | XXX | XXX | XXX |
| GAIL (India) | XXX | XXX | XXX | XXX | XXX | XXX |
| GE Vernova T&D India | XXX | XXX | XXX | XXX | XXX | XXX |
| Oklo | XXX | XXX | XXX | XXX | XXX | XXX |
| Romgaz | XXX | XXX | XXX | XXX | XXX | XXX |
| Guangxi Guiguan Electric | 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.
AltaGas M&A Activity
AltaGas acquired XXX companies to date.
Last acquisition by AltaGas was on XXXXXXXX, XXXXX. AltaGas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by AltaGas
| 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 TrialAltaGas Investment Activity
AltaGas invested in XXX companies to date.
AltaGas made its latest investment on XXXXXXXX, XXXXX. AltaGas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by AltaGas
| 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 AltaGas
| When was AltaGas founded? | AltaGas was founded in 1993. |
| Where is AltaGas headquartered? | AltaGas is headquartered in Canada. |
| How many employees does AltaGas have? | As of today, AltaGas has over 2K employees. |
| Who is the CEO of AltaGas? | AltaGas' CEO is Vernon D. Yu. |
| Is AltaGas publicly listed? | Yes, AltaGas is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of AltaGas? | AltaGas trades under ALA ticker. |
| When did AltaGas go public? | AltaGas went public in 2000. |
| Who are competitors of AltaGas? | AltaGas main competitors are GAIL (India), GE Vernova T&D India, Oklo, Romgaz. |
| What is the current market cap of AltaGas? | AltaGas' current market cap is $11B. |
| What is the current revenue of AltaGas? | AltaGas' last 12 months revenue is $10B. |
| What is the current revenue growth of AltaGas? | AltaGas revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of AltaGas? | Current revenue multiple of AltaGas is 2.0x. |
| Is AltaGas profitable? | Yes, AltaGas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of AltaGas? | AltaGas' last 12 months EBITDA is $1B. |
| What is AltaGas' EBITDA margin? | AltaGas' last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of AltaGas? | Current EBITDA multiple of AltaGas is 13.6x. |
| What is the current FCF of AltaGas? | AltaGas' last 12 months FCF is $332M. |
| What is AltaGas' FCF margin? | AltaGas' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of AltaGas? | Current FCF multiple of AltaGas is 57.1x. |
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