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BTS Group Valuation Multiples

Discover BTS Group's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Rejlers, Enento Group, OceanPact, FRP Advisory Group and more.

BTS Group Overview

About BTS Group

BTS Group AB is a professional services firm. The group helps companies and leaders at all levels to help them make decisions, go from decision to action, and deliver desired results. Its services include Strategy execution & business transformation, Leadership readiness & development, Go to market, Talent acquisition & succession, leadership development, business acumen, development of sales organizations, coaching, and digital services. It operates globally and has customers such as Salesforce, SAP, Abbott, Tetra Pak, EY, Vale, and BHP. The company's geographical segments include North America, Europe, Other Markets, and Advantage Performance Group (APG).


Founded

1986

HQ

Sweden

Employees

1.2K

Website

bts.com

Financials (LTM)

Revenue: $296M
EBITDA: $42M

EV

$395M

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BTS Group Financials

BTS Group reported last 12-month revenue of $296M and EBITDA of $42M.

In the same LTM period, BTS Group generated $296M in gross profit, $42M in EBITDA, and $17M in net income.

Revenue (LTM)


BTS Group P&L

In the most recent fiscal year, BTS Group reported revenue of $299M and EBITDA of $40M.

BTS Group is profitable as of last fiscal year, with gross margin of 41%, EBITDA margin of 13%, and net margin of 5%.

See analyst estimates for BTS Group
LTMLast FY202320242025202620272028
Revenue$296M$299M$288M$301M$290M
Gross Profit$296M$124M$127M$133M$124M
Gross Margin100%41%44%44%43%
EBITDA$42M$40M$49M$69M$37M
EBITDA Margin14%13%17%23%13%
EBIT Margin9%8%11%11%7%
Net Profit$17M$15M$23M$42M$14M
Net Margin6%5%8%14%5%

Financial data powered by Morningstar, Inc.

BTS Group Stock Performance

BTS Group has current market cap of $395M, and enterprise value of $395M.

Market Cap Evolution


BTS Group's stock price is $20.37.

BTS Group share price decreased by 3.1% in the last 30 days, and by 18.2% in the last year.

BTS Group has an EPS (earnings per share) of $0.76.

See more trading valuation data for BTS Group
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$395M$395M-2.3%-3.1%26.0%-18.2%$0.76

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BTS Group Valuation Multiples

BTS Group trades at 1.3x EV/Revenue multiple, and 9.5x EV/EBITDA.

See NTM and 2027E valuation multiples for BTS Group

EV / Revenue (LTM)


BTS Group Financial Valuation Multiples

As of June 4, 2026, BTS Group has market cap of $395M and EV of $395M.

BTS Group has a P/E ratio of 23.7x.

LTMLast FY202320242025202620272028
EV/Revenue1.3x1.3x1.4x1.3x1.4x
EV/EBITDA9.5x9.9x8.1x5.7x10.8x
EV/EBIT14.9x16.3x12.8x12.3x18.4x
EV/Gross Profit1.3x3.2x3.1x3.0x3.2x
P/E23.7x26.9x17.1x9.5x27.5x
EV/FCF41.5x23.2x29.3x10.4x23.2x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified BTS Group 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.

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BTS Group Margins & Growth Rates

BTS Group decreased revenue by 2% but EBITDA grew by 10% in the last fiscal year.

In the most recent fiscal year, BTS Group reported gross margin of 41%, EBITDA margin of 13%, and net margin of 5%.

See estimated margins and future growth rates for BTS Group

BTS Group Margins

Last FY202420252026202720282029
Gross Margin41%44%43%100%
EBITDA Margin13%23%13%15%
EBIT Margin8%11%7%10%
Net Margin5%14%5%7%
FCF Margin6%13%6%6%

BTS Group Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(2%)4%(4%)1%
Gross Profit Growth136%5%(7%)136%
EBITDA Growth10%41%(47%)21%
EBIT Growth21%3%(33%)37%
Net Profit Growth32%80%(65%)35%
FCF Growth7%181%(55%)7%

Data powered by FactSet, Inc. and Morningstar, Inc.

BTS Group Operational KPIs

BTS Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

BTS Group's Rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

BTS Group's Rule of X is 17% (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).

Access forward-looking KPIs for BTS Group
LTMLast FY202320242025202620272028
Rule of 4016%16%---
Bessemer Rule of X19%17%---
Revenue per Employee-$0.3M---
Opex per Employee-$0.1M---
G&A Expenses to Revenue-29%28%29%30%
Opex to Revenue-34%33%34%35%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

BTS Group Competitors

BTS Group competitors include Rejlers, Enento Group, OceanPact, FRP Advisory Group, SRA Holdings, Roma Green Finance, YouGov, SBC Medical Group Holding, Public Policy Holding Co. and Science Group.

Most BTS Group public comparables operate across Business Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Rejlers0.9x0.9x7.8x7.7x
Enento Group3.1x3.1x9.2x8.9x
OceanPact1.7x1.6x4.9x4.9x
FRP Advisory Group1.7x1.5x6.3x5.8x
SRA Holdings0.7x0.7x5.6x-
Roma Green Finance281.4x-(117.3x)-
YouGov1.1x1.1x5.0x5.2x
SBC Medical Group Holding1.2x1.2x2.5x3.1x

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Acquisitions by BTS Group

BTS Group has acquired 7 companies to date.

Last acquisition by BTS Group was on March 3rd 2025. BTS Group acquired Sounding Board, Inc for $9M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by BTS Group

Sounding Board, Inc
SEAC
Wonderway
Netmind
Description
Sounding Board, Inc. is a Foster City-headquartered platform that scales enterprise coaching programs through software and a global coach network. It delivers on-demand sessions in leadership development and DEI, serving clients across 11 countries with tools for admin automation and impact analytics. Founded in 2016, the company reports an NPS of 81 from Fortune 500 users in tech and finance.
SEAC is a Gig Harbor-based provider of lifelong learning courses in maritime skills and aquaculture training. The organization delivers certifications in seamanship, vessel operations, and seafood processing through classroom and hands-on programs. SEAC partners with Washington State community colleges to serve Pacific Northwest fishing and aquaculture industries.
Wonderway is a sales performance platform that accelerates revenue per representative through machine learning-driven training. It supports onboarding, certification, and upskilling for sales teams by matching content to individual skill gaps. Users ramp up faster and close deals more efficiently via personalized learning paths.
Netmind is a Barcelona-headquartered IT services firm offering project management, digital transformation, business analysis, and software development. Established in 1997, it employs agile methodologies for enterprise clients in Europe and Latin America, delivering over 500 projects annually. Netmind provides training in Scrum, DevOps, and low-code platforms like OutSystems, certified by PMI and ISTQB. Its portfolio includes ERP implementations for SAP and custom AI solutions for banking sectors. The company maintains offices in Madrid and Mexico City, supporting remote teams of 300 professionals.
HQ CountryUnited StatesThailandGermanyUnited States
HQ City
Los Angeles, CA
Bangkok
Berlin
Alpharetta, GA
Deal Date3 Mar 202530 Jul 202420 Jun 202416 Sep 2021
Valuation$9M$8M$5M$1M
EV/Revenue
EV/EBITDA

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About BTS Group

When was BTS Group founded?BTS Group was founded in 1986.
Where is BTS Group headquartered?BTS Group is headquartered in Sweden.
How many employees does BTS Group have?As of today, BTS Group has over 1K employees.
Who is the CEO of BTS Group?BTS Group's CEO is Jessica Skon.
Is BTS Group publicly listed?Yes, BTS Group is a public company listed on Nasdaq Stockholm.
What is the stock symbol of BTS Group?BTS Group trades under BTS B ticker.
When did BTS Group go public?BTS Group went public in 2001.
Who are competitors of BTS Group?BTS Group main competitors include Rejlers, Enento Group, OceanPact, FRP Advisory Group, SRA Holdings, Roma Green Finance, YouGov, SBC Medical Group Holding, Public Policy Holding Co., Science Group.
What is the current market cap of BTS Group?BTS Group's current market cap is $395M.
What is the current revenue of BTS Group?BTS Group's last 12 months revenue is $296M.
What is the current revenue growth of BTS Group?BTS Group revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of BTS Group?Current revenue multiple of BTS Group is 1.3x.
What is the current EBITDA of BTS Group?BTS Group's last 12 months EBITDA is $42M.
What is BTS Group's EBITDA margin?BTS Group's last 12 months EBITDA margin is 14%.
What is the current EV/EBITDA multiple of BTS Group?Current EBITDA multiple of BTS Group is 9.5x.
What is the current FCF of BTS Group?BTS Group's last 12 months FCF is $10M.
What is BTS Group's FCF margin?BTS Group's last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of BTS Group?Current FCF multiple of BTS Group is 41.5x.
How many companies BTS Group has acquired to date?As of June 2026, BTS Group has acquired 7 companies.
What was the largest acquisition by BTS Group?$22M acquisition of Coach in a Box on 23rd October 2017 was the largest M&A BTS Group has done to date.
What companies BTS Group acquired?BTS Group acquired Coach in a Box, Sounding Board, Inc, SEAC, Wonderway, Netmind, Rapid Learning Institute, and SwissVBS.
In how many companies BTS Group has invested to date?BTS Group hasn't invested in any companies yet (or none have been disclosed publicly).

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