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Coforge Valuation Multiples
Discover Coforge's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like iSoftstone, Parsons, GDS Holdings, LG CNS and more.
Coforge Overview
About Coforge
Coforge Ltd provides a variety of information technology services. The firm's services include infrastructure management, business processes outsourcing, application and network testing, systems integration, IP asset-based solutions, application development and maintenance, managed services, cloud computing, and digital services, among others. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include the Americas, India, Europe, Middle East and Africa, and Asia Pacific. It generates maximum revenue from the Americas.
Founded
1992
HQ

Employees
17.3K
Website
Sectors
Financials (LTM)
EV
$6B
Valuation Multiples
Start free trialCoforge Financials
Coforge reported last 12-month revenue of $2B and EBITDA of $356M.
In the same LTM period, Coforge generated $637M in gross profit, $356M in EBITDA, and $183M in net income.
Revenue (LTM)
Coforge P&L
In the most recent fiscal year, Coforge reported revenue of $2B and EBITDA of $320M.
Coforge is profitable as of last fiscal year, with gross margin of 36%, EBITDA margin of 18%, and net margin of 9%.
Financial data powered by Morningstar, Inc.
Coforge Stock Performance
Coforge has current market cap of $6B, and enterprise value of $6B.
Market Cap Evolution
Coforge's stock price is $14.28.
Coforge share price decreased by 4.6% in the last 30 days, and by 31.5% in the last year.
Coforge has an EPS (earnings per share) of $0.37.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $6B | -1.9% | -4.6% | 19.6% | -31.5% | $0.37 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialCoforge Valuation Multiples
Coforge trades at 3.4x EV/Revenue multiple, and 17.7x EV/EBITDA.
EV / Revenue (LTM)
Coforge Financial Valuation Multiples
As of June 13, 2026, Coforge has market cap of $6B and EV of $6B.
Coforge has a P/E ratio of 34.5x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Coforge 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.


Coforge Margins & Growth Rates
Coforge grew revenue by 37% and EBITDA by 54% in the last fiscal year.
In the most recent fiscal year, Coforge reported gross margin of 36%, EBITDA margin of 18%, and net margin of 9%.
Coforge Margins
Coforge Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Coforge Operational KPIs
Coforge's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Coforge's Rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Coforge's Rule of X is 115% (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).
Data powered by FactSet, Inc. and Morningstar, Inc.
Coforge Competitors
Coforge competitors include iSoftstone, Parsons, GDS Holdings, LG CNS, Otsuka, Ingram Micro, Computacenter, Shanghai Stonehill, solutions by stc and Nextdc.
Most Coforge public comparables operate across IT Consulting.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 1.2x | 1.1x | 56.5x | 39.8x | |||
| 1.2x | 1.1x | 12.2x | 11.9x | |||
| 7.0x | 6.8x | 13.3x | 14.5x | |||
| 1.2x | 1.2x | 10.2x | 10.6x | |||
| 0.6x | 0.6x | 8.3x | 8.3x | |||
| 0.2x | 0.2x | 7.1x | 6.9x | |||
| 0.4x | 0.4x | 10.8x | 10.3x | |||
| 49.8x | - | 314.7x | - | |||
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Acquisitions by Coforge
Coforge has acquired 8 companies to date.
Last acquisition by Coforge was on December 26th 2025. Coforge acquired Encora for $2B (EV/Revenue multiple available to Pro users).
Latest Acquisitions by Coforge
| Description | Encora is a Scottsdale-headquartered provider of digital engineering services, specializing in software product development, cloud migration, data analytics, and AI for enterprise clients. | TMLabs is a Sydney-headquartered independent consultancy excelling in ServiceNow implementations and managed services for Australian enterprises. The firm architects IT service management solutions, with specialized teams in Integrated Risk Management and Cyber Security. TMLabs delivers platform migrations, custom workflows, and ongoing optimization to clients in government, banking, and healthcare, leveraging partnerships with ServiceNow for certified expertise. | Rythmos is a consulting firm specializing in data integration, loyalty programs, marketing automation, and DevOps for enterprise transformation. The company deploys solutions using MuleSoft for APIs, Salesforce for CRM, and Kubernetes for container orchestration. Minneapolis-based Rythmos serves financial services and retail clients, enabling real-time data flows from sources like SAP and Oracle databases. | Xceltrait is a Naperville-headquartered IT consulting firm established in 2006. It delivers mobile app development, web development, cloud computing, IT infrastructure support, training, eLearning, and staffing services to startups through Fortune 500 clients across local, regional, and global markets. | |
| HQ Country | |||||
| HQ City | Phoenix, AZ | Sydney | Dallas, TX | Chicago, IL | |
| Deal Date | 26 Dec 2025 | 5 Mar 2025 | 5 Mar 2025 | 23 Jan 2025 | |
| Valuation | $2B | $13M | $49M | $18M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Start Free TrialAbout Coforge
| When was Coforge founded? | Coforge was founded in 1992. |
| Where is Coforge headquartered? | Coforge is headquartered in India. |
| How many employees does Coforge have? | As of today, Coforge has over 17K employees. |
| Who is the CEO of Coforge? | Coforge's CEO is Sudhir Singh. |
| Is Coforge publicly listed? | Yes, Coforge is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Coforge? | Coforge trades under COFORGE ticker. |
| When did Coforge go public? | Coforge went public in 2004. |
| Who are competitors of Coforge? | Coforge main competitors include iSoftstone, Parsons, GDS Holdings, LG CNS, Otsuka, Ingram Micro, Computacenter, Shanghai Stonehill, solutions by stc, Nextdc. |
| What is the current market cap of Coforge? | Coforge's current market cap is $6B. |
| What is the current revenue of Coforge? | Coforge's last 12 months revenue is $2B. |
| What is the current revenue growth of Coforge? | Coforge revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of Coforge? | Current revenue multiple of Coforge is 3.4x. |
| What is the current EBITDA of Coforge? | Coforge's last 12 months EBITDA is $356M. |
| What is Coforge's EBITDA margin? | Coforge's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Coforge? | Current EBITDA multiple of Coforge is 17.7x. |
| What is the current FCF of Coforge? | Coforge's last 12 months FCF is $49M. |
| What is Coforge's FCF margin? | Coforge's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Coforge? | Current FCF multiple of Coforge is 129.4x. |
| How many companies Coforge has acquired to date? | As of June 2026, Coforge has acquired 8 companies. |
| What was the largest acquisition by Coforge? | $2B acquisition of Encora on 26th December 2025 was the largest M&A Coforge has done to date. |
| What companies Coforge acquired? | Coforge acquired Encora, SLK Global Solutions, Cigniti Technologies, Rythmos, Incessant Technologies, Xceltrait, TMLabs, and Whishworks. |
| In how many companies Coforge has invested to date? | Coforge hasn't invested in any companies yet (or none have been disclosed publicly). |
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