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The Australian Securities Exchange is a vertically integrated securities exchange business offering listing, data, trading, clearing, and settlement services across equities, debt, and derivatives. ASX benefits from various effective monopolies across its business and a disproportionately large listings business from Australia’s outsize natural resources sector.
1987
1.2K+
LTM Revenue $706M
LTM EBITDA $441M
$934M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
ASX has a last 12-month revenue (LTM) of $706M and a last 12-month EBITDA of $441M.
In the most recent fiscal year, ASX achieved revenue of $675M and an EBITDA of $759M.
ASX expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ASX valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $706M | XXX | $675M | XXX | XXX | XXX |
| Gross Profit | $452M | XXX | $675M | XXX | XXX | XXX |
| Gross Margin | 64% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $441M | XXX | $759M | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 112% | XXX | XXX | XXX |
| EBIT | $411M | XXX | $395M | XXX | XXX | XXX |
| EBIT Margin | 58% | XXX | 58% | XXX | XXX | XXX |
| Net Profit | $323M | XXX | $305M | XXX | XXX | XXX |
| Net Margin | 46% | XXX | 45% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, ASX's stock price is AUD 72 (or $46).
ASX has current market cap of AUD 13.9B (or $9.0B), and EV of AUD 1.5B (or $934M).
See ASX trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $934M | $9.0B | XXX | XXX | XXX | XXX | $1.67 |
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Start Free TrialAs of May 30, 2025, ASX has market cap of $9.0B and EV of $934M.
ASX's trades at 1.3x EV/Revenue multiple, and 1.6x EV/EBITDA.
Equity research analysts estimate ASX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ASX has a P/E ratio of 27.7x.
See valuation multiples for ASX and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9.0B | XXX | $9.0B | XXX | XXX | XXX |
| EV (current) | $934M | XXX | $934M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 2.1x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBIT | 2.3x | XXX | 2.3x | XXX | XXX | XXX |
| EV/Gross Profit | 2.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 27.7x | XXX | 28.5x | XXX | XXX | XXX |
| EV/FCF | 14.2x | XXX | 5.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialASX's last 12 month revenue growth is 4%
ASX's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
ASX's rule of 40 is 101% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ASX's rule of X is 74% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for ASX and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 87% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | -16% | XXX | XXX | XXX |
| Rule of 40 | 101% | XXX | 91% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 42% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Euroxx Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Athens Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cboe Global Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| Indian Energy Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| Bursa De Valori Bucuresti | 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.
ASX acquired XXX companies to date.
Last acquisition by ASX was XXXXXXXX, XXXXX XXXXX XXXXXX . ASX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was ASX founded? | ASX was founded in 1987. |
| Where is ASX headquartered? | ASX is headquartered in Australia. |
| How many employees does ASX have? | As of today, ASX has 1.2K+ employees. |
| Who is the CEO of ASX? | ASX's CEO is Dr. Helen Lofthouse. |
| Is ASX publicy listed? | Yes, ASX is a public company listed on ASX. |
| What is the stock symbol of ASX? | ASX trades under ASX ticker. |
| When did ASX go public? | ASX went public in 1998. |
| Who are competitors of ASX? | Similar companies to ASX include e.g. Euroxx Securities, Athens Exchange Group, Cboe Global Markets, Indian Energy Exchange. |
| What is the current market cap of ASX? | ASX's current market cap is $9.0B |
| What is the current revenue of ASX? | ASX's last 12 months revenue is $706M. |
| What is the current revenue growth of ASX? | ASX revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of ASX? | Current revenue multiple of ASX is 1.3x. |
| Is ASX profitable? | Yes, ASX is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ASX? | ASX's last 12 months EBITDA is $441M. |
| What is ASX's EBITDA margin? | ASX's last 12 months EBITDA margin is 62%. |
| What is the current EV/EBITDA multiple of ASX? | Current EBITDA multiple of ASX is 2.1x. |
| What is the current FCF of ASX? | ASX's last 12 months FCF is $65.5M. |
| What is ASX's FCF margin? | ASX's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of ASX? | Current FCF multiple of ASX is 14.2x. |
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