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CombinedX Valuation Multiples
Discover revenue and EBITDA valuation multiples for CombinedX and similar public comparables like Audius, Ilyda, Boldt, NINtec Systems and more.
CombinedX Overview
About CombinedX
CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche.
Founded
1993
HQ

Employees
N/A
Website
Sectors
Financials (LTM)
EV
$74M
CombinedX Financials
CombinedX reported last 12-month revenue of $106M and EBITDA of $13M.
In the same LTM period, CombinedX generated $90M in gross profit, $13M in EBITDA, and $5M in net income.
Revenue (LTM)
CombinedX P&L
In the most recent fiscal year, CombinedX reported revenue of $98M and EBITDA of $12M.
CombinedX expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $106M | XXX | $98M | XXX | XXX | XXX |
| Gross Profit | $90M | XXX | $19M | XXX | XXX | XXX |
| Gross Margin | 85% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $13M | XXX | $12M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $5M | XXX | $5M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 5% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CombinedX Stock Performance
CombinedX has current market cap of $67M, and enterprise value of $74M.
Market Cap Evolution
CombinedX's stock price is $3.45.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $74M | $67M | 0.0% | XXX | XXX | XXX | $0.28 |
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Start Free TrialCombinedX Valuation Multiples
CombinedX trades at 0.7x EV/Revenue multiple, and 5.5x EV/EBITDA.
EV / Revenue (LTM)
CombinedX Financial Valuation Multiples
As of March 17, 2026, CombinedX has market cap of $67M and EV of $74M.
Equity research analysts estimate CombinedX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CombinedX has a P/E ratio of 14.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $67M | XXX | $67M | XXX | XXX | XXX |
| EV (current) | $74M | XXX | $74M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 5.5x | XXX | 6.0x | XXX | XXX | XXX |
| EV/EBIT | 10.8x | XXX | 11.7x | XXX | XXX | XXX |
| EV/Gross Profit | 0.8x | XXX | 3.9x | XXX | XXX | XXX |
| P/E | 14.1x | XXX | 12.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 6.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CombinedX 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.


CombinedX Margins & Growth Rates
CombinedX's revenue in the last 12 month grew by 5%.
CombinedX's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CombinedX's rule of X is 25% (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).
CombinedX Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 25% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 13% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CombinedX Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Audius | XXX | XXX | XXX | XXX | XXX | XXX |
| Ilyda | XXX | XXX | XXX | XXX | XXX | XXX |
| Boldt | XXX | XXX | XXX | XXX | XXX | XXX |
| NINtec Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Cenit | 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.
CombinedX M&A Activity
CombinedX acquired XXX companies to date.
Last acquisition by CombinedX was on XXXXXXXX, XXXXX. CombinedX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CombinedX
| 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 TrialCombinedX Investment Activity
CombinedX invested in XXX companies to date.
CombinedX made its latest investment on XXXXXXXX, XXXXX. CombinedX invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CombinedX
| 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 CombinedX
| When was CombinedX founded? | CombinedX was founded in 1993. |
| Where is CombinedX headquartered? | CombinedX is headquartered in Sweden. |
| Is CombinedX publicly listed? | Yes, CombinedX is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of CombinedX? | CombinedX trades under CX ticker. |
| When did CombinedX go public? | CombinedX went public in 2022. |
| Who are competitors of CombinedX? | CombinedX main competitors are Audius, Ilyda, Boldt, NINtec Systems. |
| What is the current market cap of CombinedX? | CombinedX's current market cap is $67M. |
| What is the current revenue of CombinedX? | CombinedX's last 12 months revenue is $106M. |
| What is the current revenue growth of CombinedX? | CombinedX revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of CombinedX? | Current revenue multiple of CombinedX is 0.7x. |
| Is CombinedX profitable? | Yes, CombinedX is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CombinedX? | CombinedX's last 12 months EBITDA is $13M. |
| What is CombinedX's EBITDA margin? | CombinedX's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of CombinedX? | Current EBITDA multiple of CombinedX is 5.5x. |
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