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Cellnex Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cellnex and similar public comparables like China Tower, MasTec, BT Group, Yangtze Optical Fibre and more.
Cellnex Overview
About Cellnex
Cellnex owns and operates more than 100,000 wireless towers in Europe, the result of continued merger and acquisition activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in France, Italy, Spain, Poland, and the United Kingdom, among others.
Founded
2008
HQ
Employees
2.7K
Website
Financials (LTM)
EV
$49B
Cellnex Financials
Cellnex reported last 12-month revenue of $5B and EBITDA of $4B.
In the same LTM period, Cellnex generated $4B in EBITDA and had net loss of ($310M).
Revenue (LTM)
Cellnex P&L
In the most recent fiscal year, Cellnex reported revenue of $5B and EBITDA of $4B.
Cellnex expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 83% | XXX | 81% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | ($310M) | XXX | ($355M) | XXX | XXX | XXX |
| Net Margin | (7%) | XXX | (7%) | XXX | XXX | XXX |
| Net Debt | — | — | $20B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cellnex Stock Performance
Cellnex has current market cap of $25B, and enterprise value of $49B.
Market Cap Evolution
Cellnex's stock price is $37.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $49B | $25B | (0.2%) | XXX | XXX | XXX | $-0.53 |
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Start Free TrialCellnex Valuation Multiples
Cellnex trades at 10.4x EV/Revenue multiple, and 12.6x EV/EBITDA.
EV / Revenue (LTM)
Cellnex Financial Valuation Multiples
As of March 7, 2026, Cellnex has market cap of $25B and EV of $49B.
Equity research analysts estimate Cellnex's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cellnex has a P/E ratio of (82.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $25B | XXX | $25B | XXX | XXX | XXX |
| EV (current) | $49B | XXX | $49B | XXX | XXX | XXX |
| EV/Revenue | 10.4x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBITDA | 12.6x | XXX | 12.7x | XXX | XXX | XXX |
| EV/EBIT | 74.0x | XXX | 78.4x | XXX | XXX | XXX |
| P/E | (82.1x) | XXX | (71.6x) | XXX | XXX | XXX |
| EV/FCF | 93.6x | XXX | 80.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cellnex 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.
Cellnex Margins & Growth Rates
Cellnex's revenue in the last 12 month grew by 2%.
Cellnex's revenue per employee in the last FY averaged $1.8M.
Cellnex's rule of 40 is 85% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cellnex's rule of X is 88% (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).
Cellnex Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 83% | XXX | 81% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 85% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 88% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.8M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 87% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cellnex Public Comps
See public comps and valuation multiples for other Data Centers and Telecom Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| China Tower | XXX | XXX | XXX | XXX | XXX | XXX |
| MasTec | XXX | XXX | XXX | XXX | XXX | XXX |
| BT Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Yangtze Optical Fibre | XXX | XXX | XXX | XXX | XXX | XXX |
| Vantage Towers | 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.
Cellnex M&A Activity
Cellnex acquired XXX companies to date.
Last acquisition by Cellnex was on XXXXXXXX, XXXXX. Cellnex acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cellnex
| 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 TrialCellnex Investment Activity
Cellnex invested in XXX companies to date.
Cellnex made its latest investment on XXXXXXXX, XXXXX. Cellnex invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cellnex
| 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 Cellnex
| When was Cellnex founded? | Cellnex was founded in 2008. |
| Where is Cellnex headquartered? | Cellnex is headquartered in Spain. |
| How many employees does Cellnex have? | As of today, Cellnex has over 2K employees. |
| Who is the CEO of Cellnex? | Cellnex's CEO is Marco Emilio Angelo Patuano. |
| Is Cellnex publicly listed? | Yes, Cellnex is a public company listed on Bolsa de Madrid. |
| What is the stock symbol of Cellnex? | Cellnex trades under CLNX ticker. |
| When did Cellnex go public? | Cellnex went public in 2015. |
| Who are competitors of Cellnex? | Cellnex main competitors are China Tower, MasTec, BT Group, Yangtze Optical Fibre. |
| What is the current market cap of Cellnex? | Cellnex's current market cap is $25B. |
| What is the current revenue of Cellnex? | Cellnex's last 12 months revenue is $5B. |
| What is the current revenue growth of Cellnex? | Cellnex revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Cellnex? | Current revenue multiple of Cellnex is 10.4x. |
| Is Cellnex profitable? | Yes, Cellnex is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cellnex? | Cellnex's last 12 months EBITDA is $4B. |
| What is Cellnex's EBITDA margin? | Cellnex's last 12 months EBITDA margin is 83%. |
| What is the current EV/EBITDA multiple of Cellnex? | Current EBITDA multiple of Cellnex is 12.6x. |
| What is the current FCF of Cellnex? | Cellnex's last 12 months FCF is $527M. |
| What is Cellnex's FCF margin? | Cellnex's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Cellnex? | Current FCF multiple of Cellnex is 93.6x. |
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