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Applied Optoelectronics Valuation Multiples
Discover revenue and EBITDA valuation multiples for Applied Optoelectronics and similar public comparables like Qorvo, Sunny Optical, Sanmina, Vanguard International Semiconductor Corporation and more.
Applied Optoelectronics Overview
About Applied Optoelectronics
Applied Optoelectronics Inc is a provider of fiber-optic networking products, for four networking end-markets; internet data center, CATV, telecom, and FTTH. The Company designs and manufactures a wide range of optical communications products at varying levels of integration, from components, subassemblies, and modules to complete turn-key equipment. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance. The Company has manufacturing and research and development facilities located in the U.S., Taiwan, and China.
Founded
1997
HQ

Employees
3.3K
Website
Financials (LTM)
EV
$8B
Applied Optoelectronics Financials
Applied Optoelectronics reported last 12-month revenue of $556M and EBITDA of $14M.
In the same LTM period, Applied Optoelectronics generated $177M in gross profit, $14M in EBITDA, and $3M in net income.
Revenue (LTM)
Applied Optoelectronics P&L
In the most recent fiscal year, Applied Optoelectronics reported revenue of $456M and EBITDA of ($5M).
Applied Optoelectronics expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $556M | XXX | $456M | XXX | XXX | XXX |
| Gross Profit | $177M | XXX | $137M | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $14M | XXX | ($5M) | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | (1%) | XXX | XXX | XXX |
| EBIT Margin | (2%) | XXX | (7%) | XXX | XXX | XXX |
| Net Profit | $3M | XXX | ($16M) | XXX | XXX | XXX |
| Net Margin | 1% | XXX | (4%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Applied Optoelectronics Stock Performance
Applied Optoelectronics has current market cap of $8B, and enterprise value of $8B.
Market Cap Evolution
Applied Optoelectronics' stock price is $101.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $8B | 0.0% | XXX | XXX | XXX | $-0.21 |
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Start Free TrialApplied Optoelectronics Valuation Multiples
Applied Optoelectronics trades at 13.8x EV/Revenue multiple, and 530.1x EV/EBITDA.
EV / Revenue (LTM)
Applied Optoelectronics Financial Valuation Multiples
As of March 10, 2026, Applied Optoelectronics has market cap of $8B and EV of $8B.
Equity research analysts estimate Applied Optoelectronics' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Applied Optoelectronics has a P/E ratio of 2396.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 13.8x | XXX | 16.8x | XXX | XXX | XXX |
| EV/EBITDA | 530.1x | XXX | (1484.7x) | XXX | XXX | XXX |
| EV/EBIT | (885.3x) | XXX | (232.8x) | XXX | XXX | XXX |
| EV/Gross Profit | 43.3x | XXX | 55.9x | XXX | XXX | XXX |
| P/E | 2396.7x | XXX | (483.7x) | XXX | XXX | XXX |
| EV/FCF | (41.7x) | XXX | (39.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Applied Optoelectronics 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.


Applied Optoelectronics Margins & Growth Rates
Applied Optoelectronics' revenue in the last 12 month grew by 127%.
Applied Optoelectronics' revenue per employee in the last FY averaged $0.2M.
Applied Optoelectronics' rule of 40 is 129% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Applied Optoelectronics' rule of X is 320% (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).
Applied Optoelectronics Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 127% | XXX | 116% | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Growth | 918% | XXX | (2011%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 129% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 320% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 16% | XXX | 19% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 41% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Applied Optoelectronics Public Comps
See public comps and valuation multiples for other Electronic Components and Networking Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Qorvo | XXX | XXX | XXX | XXX | XXX | XXX |
| Sunny Optical | XXX | XXX | XXX | XXX | XXX | XXX |
| Sanmina | XXX | XXX | XXX | XXX | XXX | XXX |
| Vanguard International Semiconductor Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Raytron | 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.
Applied Optoelectronics M&A Activity
Applied Optoelectronics acquired XXX companies to date.
Last acquisition by Applied Optoelectronics was on XXXXXXXX, XXXXX. Applied Optoelectronics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Applied Optoelectronics
| 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 TrialApplied Optoelectronics Investment Activity
Applied Optoelectronics invested in XXX companies to date.
Applied Optoelectronics made its latest investment on XXXXXXXX, XXXXX. Applied Optoelectronics invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Applied Optoelectronics
| 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 Applied Optoelectronics
| When was Applied Optoelectronics founded? | Applied Optoelectronics was founded in 1997. |
| Where is Applied Optoelectronics headquartered? | Applied Optoelectronics is headquartered in United States. |
| How many employees does Applied Optoelectronics have? | As of today, Applied Optoelectronics has over 3K employees. |
| Who is the CEO of Applied Optoelectronics? | Applied Optoelectronics' CEO is Chih-Hsiang Lin. |
| Is Applied Optoelectronics publicly listed? | Yes, Applied Optoelectronics is a public company listed on Nasdaq. |
| What is the stock symbol of Applied Optoelectronics? | Applied Optoelectronics trades under AAOI ticker. |
| When did Applied Optoelectronics go public? | Applied Optoelectronics went public in 2013. |
| Who are competitors of Applied Optoelectronics? | Applied Optoelectronics main competitors are Qorvo, Sunny Optical, Sanmina, Vanguard International Semiconductor Corporation. |
| What is the current market cap of Applied Optoelectronics? | Applied Optoelectronics' current market cap is $8B. |
| What is the current revenue of Applied Optoelectronics? | Applied Optoelectronics' last 12 months revenue is $556M. |
| What is the current revenue growth of Applied Optoelectronics? | Applied Optoelectronics revenue growth (NTM/LTM) is 127%. |
| What is the current EV/Revenue multiple of Applied Optoelectronics? | Current revenue multiple of Applied Optoelectronics is 13.8x. |
| Is Applied Optoelectronics profitable? | Yes, Applied Optoelectronics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Applied Optoelectronics? | Applied Optoelectronics' last 12 months EBITDA is $14M. |
| What is Applied Optoelectronics' EBITDA margin? | Applied Optoelectronics' last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Applied Optoelectronics? | Current EBITDA multiple of Applied Optoelectronics is 530.1x. |
| What is the current FCF of Applied Optoelectronics? | Applied Optoelectronics' last 12 months FCF is ($183M). |
| What is Applied Optoelectronics' FCF margin? | Applied Optoelectronics' last 12 months FCF margin is (33%). |
| What is the current EV/FCF multiple of Applied Optoelectronics? | Current FCF multiple of Applied Optoelectronics is (41.7x). |
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