Clavister Holding Valuation Multiples

Clavister Holding is valued at $168M as of October 2026, a 5.5x revenue multiple. In the last 12 months, Clavister Holding revenue was $32M and Clavister Holding EBITDA was $8M.

Clavister Holding Overview

About Clavister Holding

Clavister Holding AB is engaged in the development, production, and sales of network security solutions within the field of cybersecurity. The company's solutions are based on proprietary, high-performance software. Its products include network security, device security, identity, and access management, cloud services, and management and security analysis. The clients range from the public to the private sector all over the world. Its operations are spread across Sweden, Asia, the Rest of Europe, and the Rest of the world with the majority of the revenue deriving from Sweden.


Founded

1997

HQ

Sweden

Employees

108

Financials (LTM)

Revenue: $32M
EBITDA: $8M

EV

$175M

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Clavister Holding Financials

Clavister Holding reported last 12-month revenue of $32M and EBITDA of $8M.

In the same LTM period, Clavister Holding generated $26M in gross profit, $8M in EBITDA, and $2M in net income.

Revenue (LTM)


Clavister Holding P&L

In the most recent fiscal year, Clavister Holding reported revenue of $22M and EBITDA of $3M.

Clavister Holding is profitable as of last fiscal year, with gross margin of 77%, EBITDA margin of 13%, and net margin of 2%.

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LTMLast FY202320242025202620272028
Revenue$32M$22M$17M$20M$22M
Gross Profit$26M$17M$14M$16M$17M
Gross Margin82%77%81%79%77%
EBITDA$8M$3M$2M$3M$3M
EBITDA Margin25%13%10%16%13%
EBIT Margin11%(3%)(17%)(6%)(3%)
Net Profit$2M$533K($7M)($6M)$533K
Net Margin8%2%(40%)(29%)2%
Net Debt-$2M---

Financial data powered by Morningstar, Inc.

Clavister Holding Stock Performance

Clavister Holding has current market cap of $168M, and enterprise value of $175M.

Market Cap Evolution


Clavister Holding's stock price is $0.45.

Clavister Holding share price increased by 3.2% in the last 30 days, and by 7.4% in the last year.

See more trading valuation data for Clavister Holding
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$175M$168M2.3%3.2%-7.6%7.4%$0.00

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Clavister Holding Valuation Multiples

Clavister Holding trades at 5.5x EV/Revenue multiple, and 22.1x EV/EBITDA.

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EV / Revenue (LTM)


Clavister Holding Financial Valuation Multiples

As of October 29, 2026, Clavister Holding has market cap of $168M and EV of $175M.

Clavister Holding has a P/E ratio of 68.4x.

LTMLast FY202320242025202620272028
EV/Revenue5.5x7.9x10.1x8.6x7.9x
EV/EBITDA22.1x59.8x101.3x53.8x59.8x
EV/EBIT48.3xn/m(58.2x)(154.6x)n/m
EV/Gross Profit6.7x10.2x12.6x10.9x10.2x
P/E68.4xn/m(24.5x)(28.6x)n/m
EV/FCF50.2xn/m(58.1x)(44.7x)n/m

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Clavister Holding Margins & Growth Rates

Clavister Holding grew revenue by 51% and EBITDA by 197% in the last fiscal year.

In the most recent fiscal year, Clavister Holding reported gross margin of 77%, EBITDA margin of 13%, and net margin of 2%.

See estimated margins and future growth rates for Clavister Holding

Clavister Holding Margins

Last FY202420252026202720282029
Gross Margin77%79%77%83%
EBITDA Margin13%16%13%26%
EBIT Margin(3%)(6%)(3%)13%
Net Margin2%(29%)2%8%
FCF Margin(3%)(19%)(3%)13%

Clavister Holding Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth51%19%9%51%
Gross Profit Growth62%16%7%62%
EBITDA Growth197%88%(10%)197%
EBIT Growth(863%)(62%)(48%)(863%)
Net Profit Growth435%(14%)(109%)435%
FCF Growth(785%)30%(84%)(785%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Clavister Holding Operational KPIs

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

Clavister Holding's Rule of 40 is 77% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Clavister Holding's Rule of X is 153% (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).

Access forward-looking KPIs for Clavister Holding
LTMLast FY202320242025202620272028
Rule of 4056%77%---
Bessemer Rule of X102%153%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.2M---
S&M Expenses to Revenue-4%6%4%4%
G&A Expenses to Revenue-1%17%10%1%
Opex to Revenue-80%98%84%80%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Clavister Holding Competitors

Clavister Holding competitors include Acer Cyber Security, Gogolook, WALLIX, Elements, Micro Systemation, Digimarc, Cyber Security Cloud, Ivalue Infosolutions, Spectra Systems and Intercede Group.

Most Clavister Holding public comparables operate across Cybersecurity.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Acer Cyber Security$75M$44M1.8x1.6x3.1x5.1x
Gogolook$32M$3M5.4x4.4x67.4x24.8x
WALLIX$45M$5M3.9x3.4x36.2x29.4x
Elements$25M($4M)7.4x-(47.0x)-
Micro Systemation$46M$8M3.9x3.2x22.3x13.6x
Digimarc$34M($25M)5.6x6.6x(7.7x)-
Cyber Security Cloud$32M$8M5.6x5.4x22.6x-
Ivalue Infosolutions$111M$15M0.9x0.9x6.9x6.3x

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Acquisitions by Clavister Holding

Clavister Holding has acquired 2 companies to date.

Last acquisition by Clavister Holding was on October 28th 2021. Clavister Holding acquired OMEN Technologies AB for $1M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Clavister Holding

OMEN Technologies AB
PhenixID AB
Description
OMEN Technologies AB is a Gothenburg-headquartered provider of asset monitoring and diagnostics solutions. It deploys sensor networks and AI algorithms to detect anomalies in industrial equipment, pipelines, turbines, and vehicles through vibration analysis, temperature profiling, acoustic emissions, and performance telemetry. Serving energy, maritime, and manufacturing clients in Scandinavia, OMEN ensures predictive maintenance and operational reliability with cloud-based dashboards and automated alerts.
PhenixID AB is a Karlstad-based provider of identity and access management solutions including multi-factor authentication, WebSSO federation, role-based user provisioning, and account synchronization. Its platform supports OTP, certificates, and delegated administration for organizations securing Active Directory, SAML, and cloud resources across Scandinavia.
HQ CountrySwedenSweden
HQ City
Gothenburg
Stockholm
Deal Date28 Oct 202130 Aug 2016
Valuation$1M$9M
EV/Revenue
EV/EBITDA

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About Clavister Holding

When was Clavister Holding founded?Clavister Holding was founded in 1997.
Where is Clavister Holding headquartered?Clavister Holding is headquartered in Sweden.
How many employees does Clavister Holding have?As of today, Clavister Holding has over 108 employees.
Is Clavister Holding publicly listed?Yes, Clavister Holding is a public company listed on Nasdaq Stockholm.
What is the stock symbol of Clavister Holding?Clavister Holding trades under CLAV ticker.
When did Clavister Holding go public?Clavister Holding went public in 2014.
Who are competitors of Clavister Holding?Clavister Holding main competitors include Acer Cyber Security, Gogolook, WALLIX, Elements, Micro Systemation, Digimarc, Cyber Security Cloud, Ivalue Infosolutions, Spectra Systems, Intercede Group.
What is the current market cap of Clavister Holding?Clavister Holding's current market cap is $168M.
What is the current revenue of Clavister Holding?Clavister Holding's last 12 months revenue is $32M.
What is the current revenue growth of Clavister Holding?Clavister Holding revenue growth (NTM/LTM) is 31%.
What is the current EV/Revenue multiple of Clavister Holding?Current revenue multiple of Clavister Holding is 5.5x.
What is the current EBITDA of Clavister Holding?Clavister Holding's last 12 months EBITDA is $8M.
What is Clavister Holding's EBITDA margin?Clavister Holding's last 12 months EBITDA margin is 25%.
What is the current EV/EBITDA multiple of Clavister Holding?Current EBITDA multiple of Clavister Holding is 22.1x.
What is the current FCF of Clavister Holding?Clavister Holding's last 12 months FCF is $3M.
What is Clavister Holding's FCF margin?Clavister Holding's last 12 months FCF margin is 11%.
What is the current EV/FCF multiple of Clavister Holding?Current FCF multiple of Clavister Holding is 50.2x.
How many companies Clavister Holding has acquired to date?As of October 2026, Clavister Holding has acquired 2 companies.
What was the largest acquisition by Clavister Holding?$9M acquisition of PhenixID AB on 30th August 2016 was the largest M&A Clavister Holding has done to date.
What companies Clavister Holding acquired?Clavister Holding acquired PhenixID AB and OMEN Technologies AB.
In how many companies Clavister Holding has invested to date?Clavister Holding hasn't invested in any companies yet (or none have been disclosed publicly).

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