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Aperam Valuation Multiples
Discover revenue and EBITDA valuation multiples for Aperam and similar public comparables like Constellium, Ero Copper, Aluminium Bahrain, Acerinox and more.
Aperam Overview
About Aperam
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its stainless and electrical steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products, and also special carbon products. Its service and solutions segment markets the company's products and provides customized steel transformation services. Its alloys and specialties segment produces nickel alloys and certain specific stainless steels. The Recycling & Renewables segment collects, trades, processes and recycles stainless steel scrap and high-performance alloys. Geographically the company generates revenue from Europe, Americas, and Asia & Africa.
Founded
2010
HQ

Employees
12.0K
Website
Sectors
Financials (LTM)
EV
$5B
Aperam Financials
Aperam reported last 12-month revenue of $7B and EBITDA of $443M.
In the same LTM period, Aperam generated $443M in EBITDA and $49M in net income.
Aperam P&L
In the most recent fiscal year, Aperam reported revenue of $7B and EBITDA of $401M.
Aperam expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $394M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 6% | XXX | XXX | XXX |
| EBITDA | $443M | XXX | $401M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 1% | XXX | XXX | XXX |
| Net Profit | $49M | XXX | $11M | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | — | — | $990M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Aperam Stock Performance
Aperam has current market cap of $4B, and enterprise value of $5B.
Aperam's stock price is $49.79.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | 0.1% | XXX | XXX | XXX | $0.15 |
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Start Free TrialAperam Valuation Multiples
Aperam trades at 0.6x EV/Revenue multiple, and 10.7x EV/EBITDA.
Aperam Financial Valuation Multiples
As of March 29, 2026, Aperam has market cap of $4B and EV of $5B.
Equity research analysts estimate Aperam's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Aperam has a P/E ratio of 72.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 10.7x | XXX | 11.8x | XXX | XXX | XXX |
| EV/EBIT | 33.6x | XXX | 50.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 12.0x | XXX | XXX | XXX |
| P/E | 72.8x | XXX | 329.2x | XXX | XXX | XXX |
| EV/FCF | 18.8x | XXX | 16.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Aperam 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.


Aperam Margins & Growth Rates
Aperam's revenue in the last 12 month grew by 8%.
Aperam's revenue per employee in the last FY averaged $0.6M.
Aperam's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Aperam's rule of X is 26% (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).
Aperam Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 42% | XXX | 44% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Aperam Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Constellium | XXX | XXX | XXX | XXX | XXX | XXX |
| Ero Copper | XXX | XXX | XXX | XXX | XXX | XXX |
| Aluminium Bahrain | XXX | XXX | XXX | XXX | XXX | XXX |
| Acerinox | XXX | XXX | XXX | XXX | XXX | XXX |
| Endeavour Silver | 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.
Aperam M&A Activity
Aperam acquired XXX companies to date.
Last acquisition by Aperam was on XXXXXXXX, XXXXX. Aperam acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Aperam
| 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 TrialAperam Investment Activity
Aperam invested in XXX companies to date.
Aperam made its latest investment on XXXXXXXX, XXXXX. Aperam invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Aperam
| 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 Aperam
| When was Aperam founded? | Aperam was founded in 2010. |
| Where is Aperam headquartered? | Aperam is headquartered in Germany. |
| How many employees does Aperam have? | As of today, Aperam has over 12K employees. |
| Is Aperam publicly listed? | Yes, Aperam is a public company listed on Euronext Amsterdam. |
| What is the stock symbol of Aperam? | Aperam trades under APAM ticker. |
| When did Aperam go public? | Aperam went public in 2011. |
| Who are competitors of Aperam? | Aperam main competitors are Constellium, Ero Copper, Aluminium Bahrain, Acerinox. |
| What is the current market cap of Aperam? | Aperam's current market cap is $4B. |
| What is the current revenue of Aperam? | Aperam's last 12 months revenue is $7B. |
| What is the current revenue growth of Aperam? | Aperam revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Aperam? | Current revenue multiple of Aperam is 0.6x. |
| Is Aperam profitable? | Yes, Aperam is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Aperam? | Aperam's last 12 months EBITDA is $443M. |
| What is Aperam's EBITDA margin? | Aperam's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Aperam? | Current EBITDA multiple of Aperam is 10.7x. |
| What is the current FCF of Aperam? | Aperam's last 12 months FCF is $252M. |
| What is Aperam's FCF margin? | Aperam's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Aperam? | Current FCF multiple of Aperam is 18.8x. |
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