Balder Valuation Multiples

Balder Overview

About Balder

Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group’s business segments are; Helsinki, which derives key income, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.

Founded

1995

HQ

Employees

1.1K

Website

balder.se

Sectors

Buildings & PropertyReal Estate DevelopmentReal Estate Services

Financials (LTM)

Revenue: $2B

EBITDA: $1B

EV

$23B

Valuation Multiples

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Balder Financials

Balder reported last 12-month revenue of $2B and EBITDA of $1B.

In the same LTM period, Balder generated $1B in gross profit, $1B in EBITDA, and $804M in net income.

Balder P&L

In the most recent fiscal year, Balder reported revenue of $2B and EBITDA of $1B.

Balder expects next 12-month revenue of XXX and NTM EBITDA of XXX

Balder Stock Performance

Balder has current market cap of $9B, and enterprise value of $23B.

Balder's stock price is $7.22.

Balder Valuation Multiples

Balder trades at 15.2x EV/Revenue multiple, and 22.3x EV/EBITDA.

Balder Financial Valuation Multiples

As of March 7, 2026, Balder has market cap of $9B and EV of $23B.

Equity research analysts estimate Balder's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Balder has a P/E ratio of 10.7x.

Balder Margins & Growth Rates

Balder's revenue in the last 12 month grew by 1%.

Balder's revenue per employee in the last FY averaged $1.4M.

Balder's rule of 40 is 70% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Balder's rule of X is 71% (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).

Balder Public Comps

See public comps and valuation multiples for other Buildings & Property and Real Estate Development comps.

Balder M&A Activity

Balder acquired XXX companies to date.

Last acquisition by Balder was on XXXXXXXX, XXXXX. Balder acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Balder Investment Activity

Balder invested in XXX companies to date.

Balder made its latest investment on XXXXXXXX, XXXXX. Balder invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).