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Belden Valuation Multiples
Discover revenue and EBITDA valuation multiples for Belden and similar public comparables like OSI Systems, Galaxy Core, Huber+Suhner, TCL Zhonghuan Renewable and more.
Belden Overview
About Belden
Belden Inc is a supplier of complete connection solutions. It has two segments, Smart Infrastructure Solutions and Automation Solutions. Smart Infrastructure Solutions provides network infrastructure and broadband solutions, serving markets such as data centers, government, healthcare, and broadband and wireless service providers, with products including copper and fiber cable and connectivity solutions. Automation Solutions provides digitization and automation solutions that enable IT OT convergence and support acquisition, transmission, orchestration, and management, serving markets including Warehousing and Logistics, Energy, Transportation, and Discrete Manufacturing. The company operates in the Americas, EMEA, and APAC, with maximum revenue coming from the Americas.
Founded
1988
HQ

Employees
8.0K
Website
Financials (LTM)
EV
$6B
Belden Financials
Belden reported last 12-month revenue of $3B and EBITDA of $479M.
In the same LTM period, Belden generated $1B in gross profit, $479M in EBITDA, and $306M in net income.
Revenue (LTM)
Belden P&L
In the most recent fiscal year, Belden reported revenue of $3B and EBITDA of $464M.
Belden expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $479M | XXX | $464M | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $306M | XXX | $303M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | — | — | $896M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Belden Stock Performance
Belden has current market cap of $5B, and enterprise value of $6B.
Market Cap Evolution
Belden's stock price is $130.98.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $5B | 0.0% | XXX | XXX | XXX | $7.78 |
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Start Free TrialBelden Valuation Multiples
Belden trades at 2.2x EV/Revenue multiple, and 12.7x EV/EBITDA.
EV / Revenue (LTM)
Belden Financial Valuation Multiples
As of April 20, 2026, Belden has market cap of $5B and EV of $6B.
Equity research analysts estimate Belden's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Belden has a P/E ratio of 16.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 12.7x | XXX | 13.2x | XXX | XXX | XXX |
| EV/EBIT | 14.9x | XXX | 15.4x | XXX | XXX | XXX |
| EV/Gross Profit | 5.8x | XXX | 5.9x | XXX | XXX | XXX |
| P/E | 16.7x | XXX | 16.8x | XXX | XXX | XXX |
| EV/FCF | 26.1x | XXX | 26.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Belden 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.


Belden Margins & Growth Rates
Belden's revenue in the last 12 month grew by 7%.
Belden's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Belden's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Belden's rule of X is 37% (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).
Belden Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 37% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Belden Public Comps
See public comps and valuation multiples for other Networking Hardware and Electronic Components comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Belden | XXX | XXX | XXX | XXX | XXX | XXX |
| OSI Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Galaxy Core | XXX | XXX | XXX | XXX | XXX | XXX |
| Huber+Suhner | XXX | XXX | XXX | XXX | XXX | XXX |
| TCL Zhonghuan Renewable | XXX | XXX | XXX | XXX | XXX | XXX |
| Amlogic | 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.
Belden M&A Activity
Belden acquired XXX companies to date.
Last acquisition by Belden was on XXXXXXXX, XXXXX. Belden acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Belden
| 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 TrialBelden Investment Activity
Belden invested in XXX companies to date.
Belden made its latest investment on XXXXXXXX, XXXXX. Belden invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Belden
| 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 Belden
| When was Belden founded? | Belden was founded in 1988. |
| Where is Belden headquartered? | Belden is headquartered in United States. |
| How many employees does Belden have? | As of today, Belden has over 8K employees. |
| Who is the CEO of Belden? | Belden's CEO is Ashish Chand. |
| Is Belden publicly listed? | Yes, Belden is a public company listed on NYSE. |
| What is the stock symbol of Belden? | Belden trades under BDC ticker. |
| When did Belden go public? | Belden went public in 1993. |
| Who are competitors of Belden? | Belden main competitors are OSI Systems, Galaxy Core, Huber+Suhner, TCL Zhonghuan Renewable. |
| What is the current market cap of Belden? | Belden's current market cap is $5B. |
| What is the current revenue of Belden? | Belden's last 12 months revenue is $3B. |
| What is the current revenue growth of Belden? | Belden revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Belden? | Current revenue multiple of Belden is 2.2x. |
| Is Belden profitable? | Yes, Belden is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Belden? | Belden's last 12 months EBITDA is $479M. |
| What is Belden's EBITDA margin? | Belden's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Belden? | Current EBITDA multiple of Belden is 12.7x. |
| What is the current FCF of Belden? | Belden's last 12 months FCF is $235M. |
| What is Belden's FCF margin? | Belden's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Belden? | Current FCF multiple of Belden is 26.1x. |
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