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Ceres Power Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ceres Power Holdings and similar public comparables like JinkoSolar, Al-Babtain Power & Telecom, Array Technologies, Shoals and more.
Ceres Power Holdings Overview
About Ceres Power Holdings
Ceres Power Holdings PLC is a UK- based technology solutions provider. It is one of the developers of clean energy technology, fuel cells for power generation, and electrolysers for green hydrogen. Its SteelCell technology uses the existing infrastructure of mains natural gas & is manufactured using commodity materials, such as steel. It mainly caters to the automotive industry. Among its other markets are transportation, commercial, & light industrial sectors. The group established a technology position in solid oxide fuel cell (SOFC) power systems and developed solid oxide electrolysis (SOEC) to demonstrate it at a megawatt scale.
Founded
2004
HQ

Employees
546
Website
Sectors
Financials (LTM)
EV
$1B
Ceres Power Holdings Financials
Ceres Power Holdings reported last 12-month revenue of $55M and negative EBITDA of ($30M).
In the same LTM period, Ceres Power Holdings generated $39M in gross profit, ($30M) in EBITDA losses, and had net loss of ($47M).
Revenue (LTM)
Ceres Power Holdings P&L
In the most recent fiscal year, Ceres Power Holdings reported revenue of $44M and EBITDA of ($43M).
Ceres Power Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $55M | XXX | $44M | XXX | XXX | XXX |
| Gross Profit | $39M | XXX | $31M | XXX | XXX | XXX |
| Gross Margin | 71% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | ($30M) | XXX | ($43M) | XXX | XXX | XXX |
| EBITDA Margin | (54%) | XXX | (97%) | XXX | XXX | XXX |
| EBIT Margin | (86%) | XXX | (139%) | XXX | XXX | XXX |
| Net Profit | ($47M) | XXX | ($63M) | XXX | XXX | XXX |
| Net Margin | (86%) | XXX | (144%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ceres Power Holdings Stock Performance
Ceres Power Holdings has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Ceres Power Holdings' stock price is $5.77.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.0% | XXX | XXX | XXX | $-0.33 |
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Start Free TrialCeres Power Holdings Valuation Multiples
Ceres Power Holdings trades at 18.6x EV/Revenue multiple, and (34.3x) EV/EBITDA.
EV / Revenue (LTM)
Ceres Power Holdings Financial Valuation Multiples
As of April 19, 2026, Ceres Power Holdings has market cap of $1B and EV of $1B.
Equity research analysts estimate Ceres Power Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ceres Power Holdings has a P/E ratio of (24.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 18.6x | XXX | 23.0x | XXX | XXX | XXX |
| EV/EBITDA | (34.3x) | XXX | (23.6x) | XXX | XXX | XXX |
| EV/EBIT | (21.7x) | XXX | (16.5x) | XXX | XXX | XXX |
| EV/Gross Profit | 26.2x | XXX | 33.0x | XXX | XXX | XXX |
| P/E | (24.1x) | XXX | (17.7x) | XXX | XXX | XXX |
| EV/FCF | (45.1x) | XXX | (36.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ceres Power Holdings 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.


Ceres Power Holdings Margins & Growth Rates
Ceres Power Holdings' revenue in the last 12 month grew by 49%.
Ceres Power Holdings' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.2M for the same period.
Ceres Power Holdings' rule of 40 is 84% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ceres Power Holdings' rule of X is 208% (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).
Ceres Power Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 49% | XXX | 82% | XXX | XXX | XXX |
| EBITDA Margin | (54%) | XXX | (97%) | XXX | XXX | XXX |
| EBITDA Growth | (105%) | XXX | (104%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 84% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 208% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 53% | XXX | 65% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 105% | XXX | 149% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 211% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ceres Power Holdings Public Comps
See public comps and valuation multiples for other Energy Equipment comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ceres Power Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| JinkoSolar | XXX | XXX | XXX | XXX | XXX | XXX |
| Al-Babtain Power & Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| Array Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Shoals | XXX | XXX | XXX | XXX | XXX | XXX |
| Viridien | 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.
Ceres Power Holdings M&A Activity
Ceres Power Holdings acquired XXX companies to date.
Last acquisition by Ceres Power Holdings was on XXXXXXXX, XXXXX. Ceres Power Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ceres Power Holdings
| 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 TrialCeres Power Holdings Investment Activity
Ceres Power Holdings invested in XXX companies to date.
Ceres Power Holdings made its latest investment on XXXXXXXX, XXXXX. Ceres Power Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ceres Power Holdings
| 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 Ceres Power Holdings
| When was Ceres Power Holdings founded? | Ceres Power Holdings was founded in 2004. |
| Where is Ceres Power Holdings headquartered? | Ceres Power Holdings is headquartered in United Kingdom. |
| How many employees does Ceres Power Holdings have? | As of today, Ceres Power Holdings has over 546 employees. |
| Who is the CEO of Ceres Power Holdings? | Ceres Power Holdings' CEO is Philip Joseph Caldwell. |
| Is Ceres Power Holdings publicly listed? | Yes, Ceres Power Holdings is a public company listed on London Stock Exchange. |
| What is the stock symbol of Ceres Power Holdings? | Ceres Power Holdings trades under CWR ticker. |
| When did Ceres Power Holdings go public? | Ceres Power Holdings went public in 2004. |
| Who are competitors of Ceres Power Holdings? | Ceres Power Holdings main competitors are JinkoSolar, Al-Babtain Power & Telecom, Array Technologies, Shoals. |
| What is the current market cap of Ceres Power Holdings? | Ceres Power Holdings' current market cap is $1B. |
| What is the current revenue of Ceres Power Holdings? | Ceres Power Holdings' last 12 months revenue is $55M. |
| What is the current revenue growth of Ceres Power Holdings? | Ceres Power Holdings revenue growth (NTM/LTM) is 49%. |
| What is the current EV/Revenue multiple of Ceres Power Holdings? | Current revenue multiple of Ceres Power Holdings is 18.6x. |
| Is Ceres Power Holdings profitable? | No, Ceres Power Holdings is not profitable. |
| What is the current EBITDA of Ceres Power Holdings? | Ceres Power Holdings has negative EBITDA and is not profitable. |
| What is Ceres Power Holdings' EBITDA margin? | Ceres Power Holdings' last 12 months EBITDA margin is (54%). |
| What is the current EV/EBITDA multiple of Ceres Power Holdings? | Current EBITDA multiple of Ceres Power Holdings is (34.3x). |
| What is the current FCF of Ceres Power Holdings? | Ceres Power Holdings' last 12 months FCF is ($22M). |
| What is Ceres Power Holdings' FCF margin? | Ceres Power Holdings' last 12 months FCF margin is (41%). |
| What is the current EV/FCF multiple of Ceres Power Holdings? | Current FCF multiple of Ceres Power Holdings is (45.1x). |
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