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- Both Engineering
Both Engineering Valuation Multiples
Discover revenue and EBITDA valuation multiples for Both Engineering and similar public comparables like Wafer Works, Ichor Holdings, Oxford Instruments, GCS Holdings and more.
Both Engineering Overview
About Both Engineering
Both Engineering Technology Co Ltd focuses on providing professional clean room system integration solutions for the construction and technical transformation of semiconductor and pan-semiconductor high-tech industries.
Founded
1994
HQ

Employees
1.2K
Website
Sectors
Financials (LTM)
EV
$2B
Both Engineering Financials
Both Engineering reported last 12-month revenue of $781M and EBITDA of $46M.
In the same LTM period, Both Engineering generated $86M in gross profit, $46M in EBITDA, and $34M in net income.
Revenue (LTM)
Both Engineering P&L
In the most recent fiscal year, Both Engineering reported revenue of $768M and EBITDA of $46M.
Both Engineering expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $781M | XXX | $768M | XXX | XXX | XXX |
| Gross Profit | $86M | XXX | $77M | XXX | XXX | XXX |
| Gross Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| EBITDA | $46M | XXX | $46M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $34M | XXX | $31M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Both Engineering Stock Performance
Both Engineering has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Both Engineering's stock price is $3.61.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 10.4% | XXX | XXX | XXX | $0.06 |
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Start Free TrialBoth Engineering Valuation Multiples
Both Engineering trades at 2.2x EV/Revenue multiple, and 37.4x EV/EBITDA.
EV / Revenue (LTM)
Both Engineering Financial Valuation Multiples
As of April 11, 2026, Both Engineering has market cap of $2B and EV of $2B.
Equity research analysts estimate Both Engineering's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Both Engineering has a P/E ratio of 56.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 37.4x | XXX | 37.4x | XXX | XXX | XXX |
| EV/EBIT | 37.2x | XXX | 35.6x | XXX | XXX | XXX |
| EV/Gross Profit | 19.8x | XXX | 22.2x | XXX | XXX | XXX |
| P/E | 56.1x | XXX | 61.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 73.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Both Engineering 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.


Both Engineering Margins & Growth Rates
Both Engineering's revenue in the last 12 month grew by 25%.
Both Engineering's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.0M for the same period.
Both Engineering's rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Both Engineering's rule of X is 80% (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).
Both Engineering Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 27% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 80% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Both Engineering Public Comps
See public comps and valuation multiples for other Semiconductors comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Wafer Works | XXX | XXX | XXX | XXX | XXX | XXX |
| Ichor Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Oxford Instruments | XXX | XXX | XXX | XXX | XXX | XXX |
| GCS Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Jusung Engineering | 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.
Both Engineering M&A Activity
Both Engineering acquired XXX companies to date.
Last acquisition by Both Engineering was on XXXXXXXX, XXXXX. Both Engineering acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Both Engineering
| 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 TrialBoth Engineering Investment Activity
Both Engineering invested in XXX companies to date.
Both Engineering made its latest investment on XXXXXXXX, XXXXX. Both Engineering invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Both Engineering
| 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 Both Engineering
| When was Both Engineering founded? | Both Engineering was founded in 1994. |
| Where is Both Engineering headquartered? | Both Engineering is headquartered in China. |
| How many employees does Both Engineering have? | As of today, Both Engineering has over 1K employees. |
| Is Both Engineering publicly listed? | Yes, Both Engineering is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of Both Engineering? | Both Engineering trades under 601133 ticker. |
| When did Both Engineering go public? | Both Engineering went public in 2023. |
| Who are competitors of Both Engineering? | Both Engineering main competitors are Wafer Works, Ichor Holdings, Oxford Instruments, GCS Holdings. |
| What is the current market cap of Both Engineering? | Both Engineering's current market cap is $2B. |
| What is the current revenue of Both Engineering? | Both Engineering's last 12 months revenue is $781M. |
| What is the current revenue growth of Both Engineering? | Both Engineering revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Both Engineering? | Current revenue multiple of Both Engineering is 2.2x. |
| Is Both Engineering profitable? | Yes, Both Engineering is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Both Engineering? | Both Engineering's last 12 months EBITDA is $46M. |
| What is Both Engineering's EBITDA margin? | Both Engineering's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Both Engineering? | Current EBITDA multiple of Both Engineering is 37.4x. |
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