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Appear Valuation Multiples
Discover revenue and EBITDA valuation multiples for Appear and similar public comparables like Entravision, Safie, Cmc, Digital Holdings and more.
Appear Overview
About Appear
Appear ASA, along with its subsidiaries, provides high-capacity, sustainable solutions for live-production and broadcast distribution technology to media, entertainment and sports clients. The company provides live video transport solutions that operate over satellite, dedicated fiber, and public internet infrastructure. Its offerings support a range of live event scenarios across media, entertainment, and sports industries, adapting to the varying requirements of these sectors. The company derives revenue from the following sources: Sales of media processing and delivery platforms, Additional sales of software and licenses, and Sales of support and consulting services, majority being generated from the sales of media processing and delivery platforms.
Founded
2006
HQ
Employees
194
Website
Financials (LTM)
EV
$229M
Appear Financials
Appear reported last 12-month revenue of $89M and EBITDA of $22M.
In the same LTM period, Appear generated $64M in gross profit, $22M in EBITDA, and $15M in net income.
Revenue (LTM)
Appear P&L
In the most recent fiscal year, Appear reported revenue of $84M and EBITDA of $20M.
Appear expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $89M | XXX | $84M | XXX | XXX | XXX |
| Gross Profit | $64M | XXX | $60M | XXX | XXX | XXX |
| Gross Margin | 72% | XXX | 71% | XXX | XXX | XXX |
| EBITDA | $22M | XXX | $20M | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $15M | XXX | $14M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 16% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Appear Stock Performance
Appear has current market cap of $273M, and enterprise value of $229M.
Market Cap Evolution
Appear's stock price is $6.69.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $229M | $273M | 0.1% | XXX | XXX | XXX | $0.33 |
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Start Free TrialAppear Valuation Multiples
Appear trades at 2.6x EV/Revenue multiple, and 10.5x EV/EBITDA.
EV / Revenue (LTM)
Appear Financial Valuation Multiples
As of March 29, 2026, Appear has market cap of $273M and EV of $229M.
Equity research analysts estimate Appear's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Appear has a P/E ratio of 18.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $273M | XXX | $273M | XXX | XXX | XXX |
| EV (current) | $229M | XXX | $229M | XXX | XXX | XXX |
| EV/Revenue | 2.6x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 10.5x | XXX | 11.5x | XXX | XXX | XXX |
| EV/EBIT | 11.9x | XXX | 12.7x | XXX | XXX | XXX |
| EV/Gross Profit | 3.6x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 18.5x | XXX | 20.0x | XXX | XXX | XXX |
| EV/FCF | (913.6x) | XXX | 30.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Appear 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.
Appear Margins & Growth Rates
Appear's revenue in the last 12 month grew by 21%.
Appear's revenue per employee in the last FY averaged $0.5M.
Appear's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Appear's rule of X is 77% (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).
Appear Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 36% | XXX | 39% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 77% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 50% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Appear Public Comps
See public comps and valuation multiples for other Video & Streaming Software and Advertising & Marketing comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Entravision | XXX | XXX | XXX | XXX | XXX | XXX |
| Safie | XXX | XXX | XXX | XXX | XXX | XXX |
| Cmc | XXX | XXX | XXX | XXX | XXX | XXX |
| Digital Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Brightcom 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.
Appear M&A Activity
Appear acquired XXX companies to date.
Last acquisition by Appear was on XXXXXXXX, XXXXX. Appear acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Appear
| 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 TrialAppear Investment Activity
Appear invested in XXX companies to date.
Appear made its latest investment on XXXXXXXX, XXXXX. Appear invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Appear
| 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 Appear
| When was Appear founded? | Appear was founded in 2006. |
| Where is Appear headquartered? | Appear is headquartered in Norway. |
| How many employees does Appear have? | As of today, Appear has over 194 employees. |
| Is Appear publicly listed? | Yes, Appear is a public company listed on Oslo Børs. |
| What is the stock symbol of Appear? | Appear trades under APR ticker. |
| When did Appear go public? | Appear went public in 2025. |
| Who are competitors of Appear? | Appear main competitors are Entravision, Safie, Cmc, Digital Holdings. |
| What is the current market cap of Appear? | Appear's current market cap is $273M. |
| What is the current revenue of Appear? | Appear's last 12 months revenue is $89M. |
| What is the current revenue growth of Appear? | Appear revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Appear? | Current revenue multiple of Appear is 2.6x. |
| Is Appear profitable? | Yes, Appear is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Appear? | Appear's last 12 months EBITDA is $22M. |
| What is Appear's EBITDA margin? | Appear's last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of Appear? | Current EBITDA multiple of Appear is 10.5x. |
| What is the current FCF of Appear? | Appear's last 12 months FCF is ($251K). |
| What is Appear's FCF margin? | Appear's last 12 months FCF margin is (0%). |
| What is the current EV/FCF multiple of Appear? | Current FCF multiple of Appear is (913.6x). |
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