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Cherry Valuation Multiples

Discover revenue and EBITDA valuation multiples for Cherry and similar public comparables like Cibox Inter@ctive, ClearOne, Bigben Interactive, Ordissimo and more.

Cherry Overview

About Cherry

Cherry SE is a manufacturer of high-end mechanical keyboard switches and computer input devices such as keyboards, mice, microphones, and headsets for gaming and e-sports and (hybrid) office workstation applications as well as industrial applications and the healthcare sector. The product offerings of the company include USB-A / USB-C Adapters, Mice, Accessories, and other products. The company's activities are divided into three different business segments: Components segment; Gaming & Office Peripherals segment; and Digital Health & Solutions segment. It generates majority of its revenue from Gaming & Office Peripherals segment which includes the business with computer peripherals for professional use in gaming and e-sports as well as for use in (hybrid) office solutions and industry.


Founded

1953

HQ

Germany

Employees

412

Website

cherry.de

Financials (LTM)

Revenue: $112M
EBITDA: ($13M)

EV

$47M

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Cherry Financials

Cherry reported last 12-month revenue of $112M and negative EBITDA of ($13M).

In the same LTM period, Cherry generated $32M in gross profit, ($13M) in EBITDA losses, and had net loss of ($23M).

Revenue (LTM)


Cherry P&L

In the most recent fiscal year, Cherry reported revenue of $128M and EBITDA of ($41M).

Cherry expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Cherry forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$112MXXX$128MXXXXXXXXX
Gross Profit$32MXXX$28MXXXXXXXXX
Gross Margin28%XXX22%XXXXXXXXX
EBITDA($13M)XXX($41M)XXXXXXXXX
EBITDA Margin(11%)XXX(32%)XXXXXXXXX
EBIT Margin(22%)XXX(33%)XXXXXXXXX
Net Profit($23M)XXX($53M)XXXXXXXXX
Net Margin(21%)XXX(41%)XXXXXXXXX
Net Debt——$12MXXXXXXXXX

Financial data powered by Morningstar, Inc.

Cherry Stock Performance

Cherry has current market cap of $12M, and enterprise value of $47M.

Market Cap Evolution


Cherry's stock price is $0.53.

See Cherry trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$47M$12M1.0%XXXXXXXXX$-2.27

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Cherry Valuation Multiples

Cherry trades at 0.4x EV/Revenue multiple, and (3.7x) EV/EBITDA.

See valuation multiples for Cherry and 15K+ public comps

EV / Revenue (LTM)


Cherry Financial Valuation Multiples

As of April 2, 2026, Cherry has market cap of $12M and EV of $47M.

Equity research analysts estimate Cherry's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Cherry has a P/E ratio of (0.5x).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$12MXXX$12MXXXXXXXXX
EV (current)$47MXXX$47MXXXXXXXXX
EV/Revenue0.4xXXX0.4xXXXXXXXXX
EV/EBITDA(3.7x)XXX(1.1x)XXXXXXXXX
EV/EBIT(1.9x)XXX(1.1x)XXXXXXXXX
EV/Gross Profit1.5xXXX1.7xXXXXXXXXX
P/E(0.5x)XXX(0.2x)XXXXXXXXX
EV/FCF(4.6x)XXX(7.4x)XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Cherry Valuation Multiples

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Cherry Margins & Growth Rates

Cherry's revenue in the last 12 month grew by 6%.

Cherry's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Cherry's rule of 40 is 3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Cherry's rule of X is 11% (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).

See operational valuation multiples for Cherry and other 15K+ public comps

Cherry Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth6%XXX(13%)XXXXXXXXX
EBITDA Margin(11%)XXX(32%)XXXXXXXXX
EBITDA Growth(105%)XXX(60%)XXXXXXXXX
Rule of 40—XXX3%XXXXXXXXX
Bessemer Rule of X—XXX11%XXXXXXXXX
Revenue per Employee—XXX$0.3MXXXXXXXXX
Opex per Employee—XXX$0.2MXXXXXXXXX
S&M Expenses to Revenue24%XXX28%XXXXXXXXX
G&A Expenses to Revenue17%XXX16%XXXXXXXXX
R&D Expenses to Revenue8%XXX10%XXXXXXXXX
Opex to Revenue—XXX54%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Cherry Public Comps

See public comps and valuation multiples for other Peripherals comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Cibox Inter@ctiveXXXXXXXXXXXXXXXXXX
ClearOneXXXXXXXXXXXXXXXXXX
Bigben InteractiveXXXXXXXXXXXXXXXXXX
OrdissimoXXXXXXXXXXXXXXXXXX
BoxlightXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Cherry M&A Activity

Cherry acquired XXX companies to date.

Last acquisition by Cherry was on XXXXXXXX, XXXXX. Cherry acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Cherry

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Cherry Investment Activity

Cherry invested in XXX companies to date.

Cherry made its latest investment on XXXXXXXX, XXXXX. Cherry invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Cherry

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Cherry

When was Cherry founded?Cherry was founded in 1953.
Where is Cherry headquartered?Cherry is headquartered in Germany.
How many employees does Cherry have?As of today, Cherry has over 412 employees.
Is Cherry publicly listed?Yes, Cherry is a public company listed on Frankfurt Stock Exchange.
What is the stock symbol of Cherry?Cherry trades under C3RY ticker.
When did Cherry go public?Cherry went public in 2021.
Who are competitors of Cherry?Cherry main competitors are Cibox Inter@ctive, ClearOne, Bigben Interactive, Ordissimo.
What is the current market cap of Cherry?Cherry's current market cap is $12M.
What is the current revenue of Cherry?Cherry's last 12 months revenue is $112M.
What is the current revenue growth of Cherry?Cherry revenue growth (NTM/LTM) is 6%.
What is the current EV/Revenue multiple of Cherry?Current revenue multiple of Cherry is 0.4x.
Is Cherry profitable?No, Cherry is not profitable.
What is the current EBITDA of Cherry?Cherry has negative EBITDA and is not profitable.
What is Cherry's EBITDA margin?Cherry's last 12 months EBITDA margin is (11%).
What is the current EV/EBITDA multiple of Cherry?Current EBITDA multiple of Cherry is (3.7x).
What is the current FCF of Cherry?Cherry's last 12 months FCF is ($10M).
What is Cherry's FCF margin?Cherry's last 12 months FCF margin is (9%).
What is the current EV/FCF multiple of Cherry?Current FCF multiple of Cherry is (4.6x).

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