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CapMan Valuation Multiples
Discover revenue and EBITDA valuation multiples for CapMan and similar public comparables like Barings Corporate Invts, Pembroke VCT, Moneda Renta Variable Chile, ABC arbitrage and more.
CapMan Overview
About CapMan
CapMan Oyj is a Nordic private equity investor. The company operates extensively in the non-listed market. Its business segments include Management company business, Service business, Investment business, and Others. In the Management company segment the company manages private equity funds that are invested by its partnership-based investment teams, The Services business includes sourcing and purchasing, fundraising, analysis, reporting, and asset management services whereas, Through its Investment business, CapMan invests from its balance sheet in the private equity asset class and listed markets. The majority of the revenue is generated from the Management company business segment.
Founded
1989
HQ

Employees
203
Website
Sectors
Financials (LTM)
EV
$420M
CapMan Financials
CapMan reported last 12-month revenue of $80M and EBITDA of $38M.
In the same LTM period, CapMan generated $38M in EBITDA and $21M in net income.
Revenue (LTM)
CapMan P&L
In the most recent fiscal year, CapMan reported revenue of $75M and EBITDA of $33M.
CapMan expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $80M | XXX | $75M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $36M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 48% | XXX | XXX | XXX |
| EBITDA | $38M | XXX | $33M | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 41% | XXX | 38% | XXX | XXX | XXX |
| Net Profit | $21M | XXX | $17M | XXX | XXX | XXX |
| Net Margin | 26% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | — | — | $46M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CapMan Stock Performance
CapMan has current market cap of $371M, and enterprise value of $420M.
Market Cap Evolution
CapMan's stock price is $2.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $420M | $371M | 0.0% | XXX | XXX | XXX | $0.10 |
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Start Free TrialCapMan Valuation Multiples
CapMan trades at 5.3x EV/Revenue multiple, and 11.2x EV/EBITDA.
EV / Revenue (LTM)
CapMan Financial Valuation Multiples
As of April 19, 2026, CapMan has market cap of $371M and EV of $420M.
Equity research analysts estimate CapMan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CapMan has a P/E ratio of 17.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $371M | XXX | $371M | XXX | XXX | XXX |
| EV (current) | $420M | XXX | $420M | XXX | XXX | XXX |
| EV/Revenue | 5.3x | XXX | 5.6x | XXX | XXX | XXX |
| EV/EBITDA | 11.2x | XXX | 12.6x | XXX | XXX | XXX |
| EV/EBIT | 12.7x | XXX | 14.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 11.7x | XXX | XXX | XXX |
| P/E | 17.6x | XXX | 21.5x | XXX | XXX | XXX |
| EV/FCF | 37.4x | XXX | 1178.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CapMan 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.


CapMan Margins & Growth Rates
CapMan's revenue in the last 12 month grew by 18%.
CapMan's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
CapMan's rule of 40 is 75% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CapMan's rule of X is 109% (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).
CapMan Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | 34% | XXX | 44% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 75% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 109% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex to Revenue | 82% | XXX | 88% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CapMan Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CapMan | XXX | XXX | XXX | XXX | XXX | XXX |
| Barings Corporate Invts | XXX | XXX | XXX | XXX | XXX | XXX |
| Pembroke VCT | XXX | XXX | XXX | XXX | XXX | XXX |
| Moneda Renta Variable Chile | XXX | XXX | XXX | XXX | XXX | XXX |
| ABC arbitrage | XXX | XXX | XXX | XXX | XXX | XXX |
| Innventure | 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.
CapMan M&A Activity
CapMan acquired XXX companies to date.
Last acquisition by CapMan was on XXXXXXXX, XXXXX. CapMan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CapMan
| 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 TrialCapMan Investment Activity
CapMan invested in XXX companies to date.
CapMan made its latest investment on XXXXXXXX, XXXXX. CapMan invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CapMan
| 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 CapMan
| When was CapMan founded? | CapMan was founded in 1989. |
| Where is CapMan headquartered? | CapMan is headquartered in Finland. |
| How many employees does CapMan have? | As of today, CapMan has over 203 employees. |
| Who is the CEO of CapMan? | CapMan's CEO is Pia Kall. |
| Is CapMan publicly listed? | Yes, CapMan is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of CapMan? | CapMan trades under CAPMAN ticker. |
| When did CapMan go public? | CapMan went public in 2001. |
| Who are competitors of CapMan? | CapMan main competitors are Barings Corporate Invts, Pembroke VCT, Moneda Renta Variable Chile, ABC arbitrage. |
| What is the current market cap of CapMan? | CapMan's current market cap is $371M. |
| What is the current revenue of CapMan? | CapMan's last 12 months revenue is $80M. |
| What is the current revenue growth of CapMan? | CapMan revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of CapMan? | Current revenue multiple of CapMan is 5.3x. |
| Is CapMan profitable? | Yes, CapMan is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CapMan? | CapMan's last 12 months EBITDA is $38M. |
| What is CapMan's EBITDA margin? | CapMan's last 12 months EBITDA margin is 47%. |
| What is the current EV/EBITDA multiple of CapMan? | Current EBITDA multiple of CapMan is 11.2x. |
| What is the current FCF of CapMan? | CapMan's last 12 months FCF is $11M. |
| What is CapMan's FCF margin? | CapMan's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of CapMan? | Current FCF multiple of CapMan is 37.4x. |
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