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ASX Valuation Multiples
Discover revenue and EBITDA valuation multiples for ASX and similar public comparables like MCX India, TMX Group, Tadawul Group, Tel Aviv Stock Exchange and more.
ASX Overview
About ASX
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.
Founded
1987
HQ
Employees
1.3K
Website
Sectors
Financials (LTM)
Market Cap
$7B
ASX Financials
ASX reported last 12-month revenue of $806M and EBITDA of $486M.
In the same LTM period, ASX generated $636M in gross profit, $486M in EBITDA, and $345M in net income.
Revenue (LTM)
ASX P&L
In the most recent fiscal year, ASX reported revenue of $772M and EBITDA of $865M.
ASX expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $806M | XXX | $772M | XXX | XXX | XXX |
| Gross Profit | $636M | XXX | $772M | XXX | XXX | XXX |
| Gross Margin | 79% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $486M | XXX | $865M | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 112% | XXX | XXX | XXX |
| EBIT Margin | 55% | XXX | 57% | XXX | XXX | XXX |
| Net Profit | $345M | XXX | $344M | XXX | XXX | XXX |
| Net Margin | 43% | XXX | 45% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ASX Stock Performance
ASX has current market cap of $7B.
Market Cap Evolution
ASX's stock price is $36.45.
| Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|
| $7B | -0.1% | XXX | XXX | XXX | $1.77 |
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Start Free TrialASX Valuation Multiples
ASX trades at (1.2x) EV/Revenue multiple, and (2.0x) EV/EBITDA.
EV / Revenue (LTM)
ASX Financial Valuation Multiples
As of April 1, 2026, ASX has market cap of $7B.
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 20.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | ($965M) | XXX | ($965M) | XXX | XXX | XXX |
| EV/Revenue | (1.2x) | XXX | (1.2x) | XXX | XXX | XXX |
| EV/EBITDA | (2.0x) | XXX | (1.1x) | XXX | XXX | XXX |
| EV/EBIT | (2.2x) | XXX | (2.2x) | XXX | XXX | XXX |
| EV/Gross Profit | (1.5x) | XXX | (1.2x) | XXX | XXX | XXX |
| P/E | 20.5x | XXX | 20.6x | XXX | XXX | XXX |
| EV/FCF | (4.6x) | XXX | (4.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ASX 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.
ASX Margins & Growth Rates
ASX's revenue in the last 12 month grew by 7%.
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 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ASX's rule of X is 75% (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).
ASX Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 112% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (43%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 66% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 24% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 43% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ASX Public Comps
See public comps and valuation multiples for other Stock Exchanges comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MCX India | XXX | XXX | XXX | XXX | XXX | XXX |
| TMX Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Tadawul Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Tel Aviv Stock Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| MIAX | 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 M&A Activity
ASX acquired XXX companies to date.
Last acquisition by ASX was on XXXXXXXX, XXXXX. ASX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ASX
| 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 TrialASX Investment Activity
ASX invested in XXX companies to date.
ASX made its latest investment on XXXXXXXX, XXXXX. ASX invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ASX
| 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 ASX
| 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 over 1K employees. |
| Who is the CEO of ASX? | ASX's CEO is Helen Lofthouse. |
| Is ASX publicly listed? | Yes, ASX is a public company listed on Australian Securities Exchange. |
| 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? | ASX main competitors are MCX India, TMX Group, Tadawul Group, Tel Aviv Stock Exchange. |
| What is the current market cap of ASX? | ASX's current market cap is $7B. |
| What is the current revenue of ASX? | ASX's last 12 months revenue is $806M. |
| What is the current revenue growth of ASX? | ASX revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of ASX? | Current revenue multiple of ASX is (1.2x). |
| 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 $486M. |
| What is ASX's EBITDA margin? | ASX's last 12 months EBITDA margin is 60%. |
| What is the current EV/EBITDA multiple of ASX? | Current EBITDA multiple of ASX is (2.0x). |
| What is the current FCF of ASX? | ASX's last 12 months FCF is $211M. |
| What is ASX's FCF margin? | ASX's last 12 months FCF margin is 26%. |
| What is the current EV/FCF multiple of ASX? | Current FCF multiple of ASX is (4.6x). |
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