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Angel One Valuation Multiples
Discover revenue and EBITDA valuation multiples for Angel One and similar public comparables like TP ICAP, eToro, Guaranty Trust Holding, Northeast Securities and more.
Angel One Overview
About Angel One
Angel One Ltd is a retail broking house in India. It is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares, and financial product distribution to clients under the brand Angel Broking. Broking and allied services are offered online and on a digital platform.
Founded
1996
HQ

Employees
3.8K
Website
Financials (LTM)
EV
$2B
Angel One Financials
Angel One reported last 12-month revenue of $495M and EBITDA of $173M.
In the same LTM period, Angel One generated $173M in EBITDA and $100M in net income.
Revenue (LTM)
Angel One P&L
In the most recent fiscal year, Angel One reported revenue of $459M and EBITDA of $210M.
Angel One expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $495M | XXX | $459M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $292M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $173M | XXX | $210M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 46% | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $100M | XXX | $127M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 28% | XXX | XXX | XXX |
| Net Debt | — | — | $283M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Angel One Stock Performance
Angel One has current market cap of $3B, and enterprise value of $2B.
Market Cap Evolution
Angel One's stock price is $3.49.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $3B | 0.5% | XXX | XXX | XXX | $0.14 |
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Start Free TrialAngel One Valuation Multiples
Angel One trades at 5.0x EV/Revenue multiple, and 14.3x EV/EBITDA.
EV / Revenue (LTM)
Angel One Financial Valuation Multiples
As of April 19, 2026, Angel One has market cap of $3B and EV of $2B.
Equity research analysts estimate Angel One's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Angel One has a P/E ratio of 31.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBITDA | 14.3x | XXX | 11.8x | XXX | XXX | XXX |
| EV/EBIT | 13.4x | XXX | 20.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.5x | XXX | XXX | XXX |
| P/E | 31.8x | XXX | 25.1x | XXX | XXX | XXX |
| EV/FCF | (128.5x) | XXX | (11.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Angel One 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.


Angel One Margins & Growth Rates
Angel One's revenue in the last 12 month grew by 25%.
Angel One's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Angel One's rule of 40 is 55% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Angel One's rule of X is 86% (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).
Angel One Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | (19%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 55% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 86% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 37% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Angel One Public Comps
See public comps and valuation multiples for other Investment Brokerage and Wealth Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Angel One | XXX | XXX | XXX | XXX | XXX | XXX |
| TP ICAP | XXX | XXX | XXX | XXX | XXX | XXX |
| eToro | XXX | XXX | XXX | XXX | XXX | XXX |
| Guaranty Trust Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Northeast Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Rathbones Group | 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.
Angel One M&A Activity
Angel One acquired XXX companies to date.
Last acquisition by Angel One was on XXXXXXXX, XXXXX. Angel One acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Angel One
| 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 TrialAngel One Investment Activity
Angel One invested in XXX companies to date.
Angel One made its latest investment on XXXXXXXX, XXXXX. Angel One invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Angel One
| 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 Angel One
| When was Angel One founded? | Angel One was founded in 1996. |
| Where is Angel One headquartered? | Angel One is headquartered in India. |
| How many employees does Angel One have? | As of today, Angel One has over 3K employees. |
| Is Angel One publicly listed? | Yes, Angel One is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Angel One? | Angel One trades under ANGELONE ticker. |
| When did Angel One go public? | Angel One went public in 2020. |
| Who are competitors of Angel One? | Angel One main competitors are TP ICAP, eToro, Guaranty Trust Holding, Northeast Securities. |
| What is the current market cap of Angel One? | Angel One's current market cap is $3B. |
| What is the current revenue of Angel One? | Angel One's last 12 months revenue is $495M. |
| What is the current revenue growth of Angel One? | Angel One revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Angel One? | Current revenue multiple of Angel One is 5.0x. |
| Is Angel One profitable? | Yes, Angel One is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Angel One? | Angel One's last 12 months EBITDA is $173M. |
| What is Angel One's EBITDA margin? | Angel One's last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of Angel One? | Current EBITDA multiple of Angel One is 14.3x. |
| What is the current FCF of Angel One? | Angel One's last 12 months FCF is ($19M). |
| What is Angel One's FCF margin? | Angel One's last 12 months FCF margin is (4%). |
| What is the current EV/FCF multiple of Angel One? | Current FCF multiple of Angel One is (128.5x). |
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