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cBrain Valuation Multiples
Discover revenue and EBITDA valuation multiples for cBrain and similar public comparables like Acusensus, Konan Technology, Squirrel Media, Fabasoft and more.
cBrain Overview
About cBrain
cBrain AS is a software engineering company headquartered in Denmark. The company is created from the collective ambition of IT industry pioneers and technology innovators to help governments transform and thereby contribute to creating efficient, accountable and transparent public institutions. The company has developed a Commercial Of-The-Shelf (COTS) software platform named F2, built for government organizations focused on fast-tracking digital transformation at scale.
Founded
2002
HQ

Employees
203
Website
Sectors
Financials (LTM)
EV
$210M
cBrain Financials
cBrain reported last 12-month revenue of $40M and EBITDA of $12M.
In the same LTM period, cBrain generated $37M in gross profit, $12M in EBITDA, and $7M in net income.
Revenue (LTM)
cBrain P&L
In the most recent fiscal year, cBrain reported revenue of $40M and EBITDA of $13M.
cBrain expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $40M | XXX | $40M | XXX | XXX | XXX |
| Gross Profit | $37M | XXX | $19M | XXX | XXX | XXX |
| Gross Margin | 91% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $12M | XXX | $13M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 34% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $7M | XXX | $7M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 17% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
cBrain Stock Performance
cBrain has current market cap of $212M, and enterprise value of $210M.
Market Cap Evolution
cBrain's stock price is $10.86.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $210M | $212M | -0.9% | XXX | XXX | XXX | $0.35 |
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Start Free TrialcBrain Valuation Multiples
cBrain trades at 5.2x EV/Revenue multiple, and 17.5x EV/EBITDA.
EV / Revenue (LTM)
cBrain Financial Valuation Multiples
As of March 15, 2026, cBrain has market cap of $212M and EV of $210M.
Equity research analysts estimate cBrain's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
cBrain has a P/E ratio of 30.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $212M | XXX | $212M | XXX | XXX | XXX |
| EV (current) | $210M | XXX | $210M | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBITDA | 17.5x | XXX | 15.8x | XXX | XXX | XXX |
| EV/EBIT | 23.0x | XXX | 23.4x | XXX | XXX | XXX |
| EV/Gross Profit | 5.7x | XXX | 10.8x | XXX | XXX | XXX |
| P/E | 30.3x | XXX | 31.3x | XXX | XXX | XXX |
| EV/FCF | 25.5x | XXX | 24.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified cBrain 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.


cBrain Margins & Growth Rates
cBrain's revenue in the last 12 month grew by 13%.
cBrain's revenue per employee in the last FY averaged $0.2M.
cBrain's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
cBrain's rule of X is 61% (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).
cBrain Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | (5%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 61% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
cBrain Public Comps
See public comps and valuation multiples for other Content Management Software and Public Sector & Non-Profit Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Acusensus | XXX | XXX | XXX | XXX | XXX | XXX |
| Konan Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Squirrel Media | XXX | XXX | XXX | XXX | XXX | XXX |
| Fabasoft | XXX | XXX | XXX | XXX | XXX | XXX |
| Micro Systemation | 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.
cBrain M&A Activity
cBrain acquired XXX companies to date.
Last acquisition by cBrain was on XXXXXXXX, XXXXX. cBrain acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by cBrain
| 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 TrialcBrain Investment Activity
cBrain invested in XXX companies to date.
cBrain made its latest investment on XXXXXXXX, XXXXX. cBrain invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by cBrain
| 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 cBrain
| When was cBrain founded? | cBrain was founded in 2002. |
| Where is cBrain headquartered? | cBrain is headquartered in Denmark. |
| How many employees does cBrain have? | As of today, cBrain has over 203 employees. |
| Who is the CEO of cBrain? | cBrain's CEO is Per Tejs Knudsen. |
| Is cBrain publicly listed? | Yes, cBrain is a public company listed on Nasdaq Copenhagen. |
| What is the stock symbol of cBrain? | cBrain trades under CBRAIN ticker. |
| When did cBrain go public? | cBrain went public in 2006. |
| Who are competitors of cBrain? | cBrain main competitors are Acusensus, Konan Technology, Squirrel Media, Fabasoft. |
| What is the current market cap of cBrain? | cBrain's current market cap is $212M. |
| What is the current revenue of cBrain? | cBrain's last 12 months revenue is $40M. |
| What is the current revenue growth of cBrain? | cBrain revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of cBrain? | Current revenue multiple of cBrain is 5.2x. |
| Is cBrain profitable? | Yes, cBrain is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of cBrain? | cBrain's last 12 months EBITDA is $12M. |
| What is cBrain's EBITDA margin? | cBrain's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of cBrain? | Current EBITDA multiple of cBrain is 17.5x. |
| What is the current FCF of cBrain? | cBrain's last 12 months FCF is $8M. |
| What is cBrain's FCF margin? | cBrain's last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of cBrain? | Current FCF multiple of cBrain is 25.5x. |
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