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Black Box Valuation Multiples
Discover revenue and EBITDA valuation multiples for Black Box and similar public comparables like Inspur, Bytes Technology Group, transcosmos, Asseco SEE and more.
Black Box Overview
About Black Box
Black Box Ltd along with its subsidiaries provides information, communications technology solutions provider, and an integrator that delivers technology-based solutions across world markets and verticals with a spectrum of applications and services. The company's operating segments are Global System Integration (GSI); Technology Product Solution (TPS) and Others comprising of training and consulting services. It generates maximum revenue from the System Integration (SI) segment. The company exports its product to the Middle East/Africa, North America, Australia, New Zealand, Singapore, and Europe. Its solution line consists of unified communications, network infrastructure, data center, cyber security (CYBER-i), and digital transformation and applications.
Founded
1986
HQ

Employees
314
Website
Sectors
Financials (LTM)
EV
$943M
Black Box Financials
Black Box reported last 12-month revenue of $687M and EBITDA of $61M.
In the same LTM period, Black Box generated $221M in gross profit, $61M in EBITDA, and $23M in net income.
Revenue (LTM)
Black Box P&L
In the most recent fiscal year, Black Box reported revenue of $716M and EBITDA of $63M.
Black Box expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $687M | XXX | $716M | XXX | XXX | XXX |
| Gross Profit | $221M | XXX | $104M | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 15% | XXX | XXX | XXX |
| EBITDA | $61M | XXX | $63M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $23M | XXX | $25M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $49M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Black Box Stock Performance
Black Box has current market cap of $918M, and enterprise value of $943M.
Market Cap Evolution
Black Box's stock price is $5.37.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $943M | $918M | -8.7% | XXX | XXX | XXX | $0.15 |
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Start Free TrialBlack Box Valuation Multiples
Black Box trades at 1.4x EV/Revenue multiple, and 15.5x EV/EBITDA.
EV / Revenue (LTM)
Black Box Financial Valuation Multiples
As of March 16, 2026, Black Box has market cap of $918M and EV of $943M.
Equity research analysts estimate Black Box's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Black Box has a P/E ratio of 39.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $918M | XXX | $918M | XXX | XXX | XXX |
| EV (current) | $943M | XXX | $943M | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 15.5x | XXX | 14.9x | XXX | XXX | XXX |
| EV/EBIT | 19.5x | XXX | 19.1x | XXX | XXX | XXX |
| EV/Gross Profit | 4.3x | XXX | 9.1x | XXX | XXX | XXX |
| P/E | 39.5x | XXX | 36.3x | XXX | XXX | XXX |
| EV/FCF | 114.2x | XXX | (66.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Black Box 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.


Black Box Margins & Growth Rates
Black Box's revenue in the last 12 month grew by 20%.
Black Box's revenue per employee in the last FY averaged $2.2M.
Black Box's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Black Box'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).
Black Box Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 27% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Black Box Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Inspur | XXX | XXX | XXX | XXX | XXX | XXX |
| Bytes Technology Group | XXX | XXX | XXX | XXX | XXX | XXX |
| transcosmos | XXX | XXX | XXX | XXX | XXX | XXX |
| Asseco SEE | XXX | XXX | XXX | XXX | XXX | XXX |
| Atos | 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.
Black Box M&A Activity
Black Box acquired XXX companies to date.
Last acquisition by Black Box was on XXXXXXXX, XXXXX. Black Box acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Black Box
| 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 TrialBlack Box Investment Activity
Black Box invested in XXX companies to date.
Black Box made its latest investment on XXXXXXXX, XXXXX. Black Box invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Black Box
| 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 Black Box
| When was Black Box founded? | Black Box was founded in 1986. |
| Where is Black Box headquartered? | Black Box is headquartered in India. |
| How many employees does Black Box have? | As of today, Black Box has over 314 employees. |
| Is Black Box publicly listed? | Yes, Black Box is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Black Box? | Black Box trades under BBOX ticker. |
| When did Black Box go public? | Black Box went public in 2003. |
| Who are competitors of Black Box? | Black Box main competitors are Inspur, Bytes Technology Group, transcosmos, Asseco SEE. |
| What is the current market cap of Black Box? | Black Box's current market cap is $918M. |
| What is the current revenue of Black Box? | Black Box's last 12 months revenue is $687M. |
| What is the current revenue growth of Black Box? | Black Box revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of Black Box? | Current revenue multiple of Black Box is 1.4x. |
| Is Black Box profitable? | Yes, Black Box is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Black Box? | Black Box's last 12 months EBITDA is $61M. |
| What is Black Box's EBITDA margin? | Black Box's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Black Box? | Current EBITDA multiple of Black Box is 15.5x. |
| What is the current FCF of Black Box? | Black Box's last 12 months FCF is $8M. |
| What is Black Box's FCF margin? | Black Box's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Black Box? | Current FCF multiple of Black Box is 114.2x. |
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