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Alten Valuation Multiples

Discover Alten's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Dentsu Soken, Kyndryl Holdings, Vistance Networks, Netweb Technologies India and more.

Alten Overview

About Alten

Alten is an engineering and technology consulting firm. The company provides design and research projects for the technical and information systems divisions of corporate clients in the industrial, telecommunications, and service sectors. Alten’s business consists of three operating segments: engineering and technology consulting; telecoms and networks; and information systems. The engineering and technology consulting segment contributes the majority of group revenue. Alten generates approximately half of its revenue in France with most of the balance derived in other European countries.


Founded

1988

HQ

France

Employees

41.9K

Website

alten.com

Financials (LTM)

Revenue: $5B
EBITDA: $492M

EV

$3B

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Alten Financials

Alten reported last 12-month revenue of $5B and EBITDA of $492M.

In the same LTM period, Alten generated $492M in EBITDA and $183M in net income.

Revenue (LTM)


Alten P&L

In the most recent fiscal year, Alten reported revenue of $5B and EBITDA of $481M.

Alten is profitable as of last fiscal year, with gross margin of 16%, EBITDA margin of 10%, and net margin of 3%.

See analyst estimates for Alten
LTMLast FY202320242025202620272028
Revenue$5B$5B$5B$5B$5B
Gross Profit-$767M$831M$824M$767M
Gross Margin-16%18%17%16%
EBITDA$492M$481M$500M$513M$357M
EBITDA Margin10%10%11%11%7%
EBIT Margin8%8%9%9%7%
Net Profit$183M$126M$271M$217M$124M
Net Margin4%3%6%4%3%

Financial data powered by Morningstar, Inc.

Alten Stock Performance

Alten has current market cap of $3B, and enterprise value of $3B.

Market Cap Evolution


Alten's stock price is $77.73.

Alten share price increased by 2.5% in the last 30 days, and decreased by 9.5% in the last year.

Alten has an EPS (earnings per share) of $3.61.

See more trading valuation data for Alten
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3B$3B2.7%2.5%25.6%-9.5%$3.61

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Alten Valuation Multiples

Alten trades at 0.5x EV/Revenue multiple, and 5.2x EV/EBITDA.

See NTM and 2027E valuation multiples for Alten

EV / Revenue (LTM)


Alten Financial Valuation Multiples

As of June 3, 2026, Alten has market cap of $3B and EV of $3B.

Alten has a P/E ratio of 14.9x.

LTMLast FY202320242025202620272028
EV/Revenue0.5x0.5x0.5x0.5x0.5x
EV/EBITDA5.2x5.3x5.1x5.0x7.2x
EV/EBIT6.7x7.0x6.3x6.2x7.5x
EV/Gross Profit-3.3x3.1x3.1x3.3x
P/E14.9x21.5x10.0x12.5x21.9x
EV/FCF9.0x6.9x10.0x5.3x6.9x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Alten Valuation Multiples

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Alten Margins & Growth Rates

Alten decreased revenue by 0% but EBITDA grew by 6% in the last fiscal year.

In the most recent fiscal year, Alten reported gross margin of 16%, EBITDA margin of 10%, and net margin of 3%.

See estimated margins and future growth rates for Alten

Alten Margins

Last FY202420252026202720282029
Gross Margin16%17%16%-
EBITDA Margin10%11%7%10%
EBIT Margin8%9%7%8%
Net Margin3%4%3%5%
FCF Margin8%10%8%6%

Alten Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(0%)2%(1%)1%
Gross Profit Growth-(1%)(7%)-
EBITDA Growth6%3%(30%)42%
EBIT Growth12%1%(17%)20%
Net Profit Growth106%(20%)(43%)109%
FCF Growth(28%)87%(23%)(28%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Alten Operational KPIs

Alten's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Alten's Rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Alten's Rule of X is 14% (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).

Access forward-looking KPIs for Alten
LTMLast FY202320242025202620272028
Rule of 4012%12%---
Bessemer Rule of X14%14%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
Opex to Revenue-9%9%9%9%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Alten Competitors

Alten competitors include Dentsu Soken, Kyndryl Holdings, Vistance Networks, Netweb Technologies India, Tieto, Biprogy, Tata Elxsi, BigBear.ai, Matrix IT and SoftwareOne.

Most Alten public comparables operate across IT Consulting and Business Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Dentsu Soken2.5x2.4x14.9x14.6x
Kyndryl Holdings0.3x0.3x1.9x1.9x
Vistance Networks0.2x0.2x1.0x1.0x
Netweb Technologies India12.2x10.5x88.5x79.1x
Tieto1.5x1.5x7.5x9.6x
Biprogy1.2x1.1x8.5x7.8x
Tata Elxsi7.0x6.8x28.6x29.7x
BigBear.ai16.6x15.8x(60.4x)(62.4x)

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Acquisitions by Alten

Alten has acquired 18 companies to date.

Last acquisition by Alten was on December 5th 2025. Alten acquired CORUS Consulting for $21M (EV/Revenue multiple available to Pro users).

See M&A valuation multiples

Latest Acquisitions by Alten

CORUS Consulting
Worldgrid
Solwit
Accord Global Technology Solutions Private Limited
Description
CORUS Consulting is a Madrid-headquartered consultancy delivering technology implementation and business intelligence solutions with a global footprint including offices in Europe, the Americas, and Asia.
Worldgrid is a Paris-based engineering firm acquired by Alten Group that delivers consulting services to energy utilities and power grid operators across Europe. Expertise spans grid modernization, renewable integration, and substation automation using SCADA systems. Projects include smart meter rollouts for Enedis in France and offshore wind connections in the UK, supporting the transition to 100% renewable energy by 2050.
Solwit is a Gdańsk-headquartered engineering services company founded in 2011, designing, implementing, and testing software for industries including finance, telecom, and manufacturing. The firm employs professionals with experience from international hi-tech firms, delivering projects compliant with Agile methodologies across Poland and Europe.
Accord Global Technology Solutions Private Limited is a Bangalore-based engineering services provider founded in 1991 as part of the Accord Group. It specializes in avionics LRUs, GNSS products, and software engineering for aerospace, automotive, and enterprise applications. Certified for DO-178B/C, DO-254, and DO-160 standards, the company delivers RF, FPGA, ASIC design, power supplies, and automated test equipment to FAA, EASA, and CEMILAC-approved projects worldwide.
HQ CountrySpainFrancePolandIndia
HQ City
-
Grenoble
Gdansk
Bangalore
Deal Date5 Dec 202511 Jun 20249 Sep 202328 Jul 2023
Valuation$21M$292Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Alten

When was Alten founded?Alten was founded in 1988.
Where is Alten headquartered?Alten is headquartered in France.
How many employees does Alten have?As of today, Alten has over 41K employees.
Who is the CEO of Alten?Alten's CEO is Simon Azoulay.
Is Alten publicly listed?Yes, Alten is a public company listed on Euronext Paris.
What is the stock symbol of Alten?Alten trades under ATE ticker.
When did Alten go public?Alten went public in 1999.
Who are competitors of Alten?Alten main competitors include Dentsu Soken, Kyndryl Holdings, Vistance Networks, Netweb Technologies India, Tieto, Biprogy, Tata Elxsi, BigBear.ai, Matrix IT, SoftwareOne.
What is the current market cap of Alten?Alten's current market cap is $3B.
What is the current revenue of Alten?Alten's last 12 months revenue is $5B.
What is the current revenue growth of Alten?Alten revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Alten?Current revenue multiple of Alten is 0.5x.
What is the current EBITDA of Alten?Alten's last 12 months EBITDA is $492M.
What is Alten's EBITDA margin?Alten's last 12 months EBITDA margin is 10%.
What is the current EV/EBITDA multiple of Alten?Current EBITDA multiple of Alten is 5.2x.
What is the current FCF of Alten?Alten's last 12 months FCF is $283M.
What is Alten's FCF margin?Alten's last 12 months FCF margin is 6%.
What is the current EV/FCF multiple of Alten?Current FCF multiple of Alten is 9.0x.
How many companies Alten has acquired to date?As of June 2026, Alten has acquired 18 companies.
What was the largest acquisition by Alten?$292M acquisition of Worldgrid on 11th June 2024 was the largest M&A Alten has done to date.
What companies Alten acquired?Alten acquired Worldgrid, CORUS Consulting, XPuls, Solwit, Helveting Engineering, QA Consultants, ComIQ, ITSector, Syncroness, Methods, and 8 other companies.
In how many companies Alten has invested to date?Alten hasn't invested in any companies yet (or none have been disclosed publicly).

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