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Australian Ethical Valuation Multiples
Discover revenue and EBITDA valuation multiples for Australian Ethical and similar public comparables like Gladstone Cap, Longshield Investment, Barings Corporate Invts, Kuwait Investment and more.
Australian Ethical Overview
About Australian Ethical
Australian Ethical Investment Ltd is an Australian-based company engaged in the operating segment of Funds Management. The company is involved in acting as the responsible entity for a range of public offer ethically managed investment schemes and acting as the Trustee of the Australian Ethical Retail Superannuation Fund (Super Fund). The various products offered by the company are Super, Managed funds, ETFs, Insurance, and Pension.
Founded
1986
HQ

Employees
138
Website
Sectors
Financials (LTM)
EV
$392M
Australian Ethical Financials
Australian Ethical reported last 12-month revenue of $88M and EBITDA of $26M.
In the same LTM period, Australian Ethical generated $26M in EBITDA and $18M in net income.
Revenue (LTM)
Australian Ethical P&L
In the most recent fiscal year, Australian Ethical reported revenue of $82M and EBITDA of $22M.
Australian Ethical expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $88M | XXX | $82M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $82M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $26M | XXX | $22M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $18M | XXX | $16M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 19% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Australian Ethical Stock Performance
Australian Ethical has current market cap of $418M, and enterprise value of $392M.
Market Cap Evolution
Australian Ethical's stock price is $3.67.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $392M | $418M | (0.9%) | XXX | XXX | XXX | $0.14 |
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Start Free TrialAustralian Ethical Valuation Multiples
Australian Ethical trades at 4.5x EV/Revenue multiple, and 15.0x EV/EBITDA.
EV / Revenue (LTM)
Australian Ethical Financial Valuation Multiples
As of March 7, 2026, Australian Ethical has market cap of $418M and EV of $392M.
Equity research analysts estimate Australian Ethical's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Australian Ethical has a P/E ratio of 22.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $418M | XXX | $418M | XXX | XXX | XXX |
| EV (current) | $392M | XXX | $392M | XXX | XXX | XXX |
| EV/Revenue | 4.5x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBITDA | 15.0x | XXX | 17.8x | XXX | XXX | XXX |
| EV/EBIT | 15.4x | XXX | 18.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 4.8x | XXX | XXX | XXX |
| P/E | 22.8x | XXX | 26.9x | XXX | XXX | XXX |
| EV/FCF | 56.6x | XXX | 21.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Australian Ethical 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.


Australian Ethical Margins & Growth Rates
Australian Ethical's revenue in the last 12 month grew by 12%.
Australian Ethical's revenue per employee in the last FY averaged $0.6M.
Australian Ethical's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Australian Ethical's rule of X is 59% (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).
Australian Ethical Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 27% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 34% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 75% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Australian Ethical Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Gladstone Cap | XXX | XXX | XXX | XXX | XXX | XXX |
| Longshield Investment | XXX | XXX | XXX | XXX | XXX | XXX |
| Barings Corporate Invts | XXX | XXX | XXX | XXX | XXX | XXX |
| Kuwait Investment | XXX | XXX | XXX | XXX | XXX | XXX |
| Diamond Biofund | 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.
Australian Ethical M&A Activity
Australian Ethical acquired XXX companies to date.
Last acquisition by Australian Ethical was on XXXXXXXX, XXXXX. Australian Ethical acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Australian Ethical
| 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 TrialAustralian Ethical Investment Activity
Australian Ethical invested in XXX companies to date.
Australian Ethical made its latest investment on XXXXXXXX, XXXXX. Australian Ethical invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Australian Ethical
| 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 Australian Ethical
| When was Australian Ethical founded? | Australian Ethical was founded in 1986. |
| Where is Australian Ethical headquartered? | Australian Ethical is headquartered in Australia. |
| How many employees does Australian Ethical have? | As of today, Australian Ethical has over 138 employees. |
| Who is the CEO of Australian Ethical? | Australian Ethical's CEO is John McMurdo. |
| Is Australian Ethical publicly listed? | Yes, Australian Ethical is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Australian Ethical? | Australian Ethical trades under AEF ticker. |
| When did Australian Ethical go public? | Australian Ethical went public in 2002. |
| Who are competitors of Australian Ethical? | Australian Ethical main competitors are Gladstone Cap, Longshield Investment, Barings Corporate Invts, Kuwait Investment. |
| What is the current market cap of Australian Ethical? | Australian Ethical's current market cap is $418M. |
| What is the current revenue of Australian Ethical? | Australian Ethical's last 12 months revenue is $88M. |
| What is the current revenue growth of Australian Ethical? | Australian Ethical revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Australian Ethical? | Current revenue multiple of Australian Ethical is 4.5x. |
| Is Australian Ethical profitable? | Yes, Australian Ethical is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Australian Ethical? | Australian Ethical's last 12 months EBITDA is $26M. |
| What is Australian Ethical's EBITDA margin? | Australian Ethical's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Australian Ethical? | Current EBITDA multiple of Australian Ethical is 15.0x. |
| What is the current FCF of Australian Ethical? | Australian Ethical's last 12 months FCF is $7M. |
| What is Australian Ethical's FCF margin? | Australian Ethical's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Australian Ethical? | Current FCF multiple of Australian Ethical is 56.6x. |
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