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BAE Systems Valuation Multiples
Discover revenue and EBITDA valuation multiples for BAE Systems and similar public comparables like Rheinmetall, Barrick Mining, TransDigm, General Dynamics and more.
BAE Systems Overview
About BAE Systems
BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the US Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's US- and UK-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the US government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the US Defense Department; the air segment includes BAE’s share of US and European air programs as well as its businesses in Saudi Arabia and Australia, and the maritime segment comprises UK land- and marine-based activities.
Founded
1979
HQ
Employees
107.4K
Website
Financials (LTM)
EV
$93B
BAE Systems Financials
BAE Systems reported last 12-month revenue of $40B and EBITDA of $6B.
In the same LTM period, BAE Systems generated $3B in gross profit, $6B in EBITDA, and $3B in net income.
Revenue (LTM)
BAE Systems P&L
In the most recent fiscal year, BAE Systems reported revenue of $38B and EBITDA of $6B.
BAE Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $40B | XXX | $38B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $24B | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
BAE Systems Stock Performance
BAE Systems has current market cap of $86B, and enterprise value of $93B.
Market Cap Evolution
BAE Systems' stock price is $29.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $93B | $86B | -0.5% | XXX | XXX | XXX | $0.96 |
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Start Free TrialBAE Systems Valuation Multiples
BAE Systems trades at 2.4x EV/Revenue multiple, and 16.1x EV/EBITDA.
EV / Revenue (LTM)
BAE Systems Financial Valuation Multiples
As of April 2, 2026, BAE Systems has market cap of $86B and EV of $93B.
Equity research analysts estimate BAE Systems' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
BAE Systems has a P/E ratio of 30.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $86B | XXX | $86B | XXX | XXX | XXX |
| EV (current) | $93B | XXX | $93B | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 16.1x | XXX | 16.3x | XXX | XXX | XXX |
| EV/EBIT | 20.6x | XXX | 20.9x | XXX | XXX | XXX |
| EV/Gross Profit | 31.4x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 30.0x | XXX | 30.8x | XXX | XXX | XXX |
| EV/FCF | 33.0x | XXX | 30.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified BAE Systems 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.
BAE Systems Margins & Growth Rates
BAE Systems' revenue in the last 12 month grew by 12%.
BAE Systems' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
BAE Systems' rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
BAE Systems' rule of X is 55% (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).
BAE Systems Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 54% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
BAE Systems Public Comps
See public comps and valuation multiples for other Aircraft & Space Systems and Defense Systems comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Rheinmetall | XXX | XXX | XXX | XXX | XXX | XXX |
| Barrick Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| TransDigm | XXX | XXX | XXX | XXX | XXX | XXX |
| General Dynamics | XXX | XXX | XXX | XXX | XXX | XXX |
| L3Harris | 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.
BAE Systems M&A Activity
BAE Systems acquired XXX companies to date.
Last acquisition by BAE Systems was on XXXXXXXX, XXXXX. BAE Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by BAE Systems
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialBAE Systems Investment Activity
BAE Systems invested in XXX companies to date.
BAE Systems made its latest investment on XXXXXXXX, XXXXX. BAE Systems invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by BAE Systems
| 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 BAE Systems
| When was BAE Systems founded? | BAE Systems was founded in 1979. |
| Where is BAE Systems headquartered? | BAE Systems is headquartered in United Kingdom. |
| How many employees does BAE Systems have? | As of today, BAE Systems has over 107K employees. |
| Who is the CEO of BAE Systems? | BAE Systems' CEO is Charles Nicholas Woodburn. |
| Is BAE Systems publicly listed? | Yes, BAE Systems is a public company listed on London Stock Exchange. |
| What is the stock symbol of BAE Systems? | BAE Systems trades under BA. ticker. |
| When did BAE Systems go public? | BAE Systems went public in 1981. |
| Who are competitors of BAE Systems? | BAE Systems main competitors are Rheinmetall, Barrick Mining, TransDigm, General Dynamics. |
| What is the current market cap of BAE Systems? | BAE Systems' current market cap is $86B. |
| What is the current revenue of BAE Systems? | BAE Systems' last 12 months revenue is $40B. |
| What is the current revenue growth of BAE Systems? | BAE Systems revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of BAE Systems? | Current revenue multiple of BAE Systems is 2.4x. |
| Is BAE Systems profitable? | Yes, BAE Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of BAE Systems? | BAE Systems' last 12 months EBITDA is $6B. |
| What is BAE Systems' EBITDA margin? | BAE Systems' last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of BAE Systems? | Current EBITDA multiple of BAE Systems is 16.1x. |
| What is the current FCF of BAE Systems? | BAE Systems' last 12 months FCF is $3B. |
| What is BAE Systems' FCF margin? | BAE Systems' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of BAE Systems? | Current FCF multiple of BAE Systems is 33.0x. |
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