Comet Ridge Valuation Multiples

Comet Ridge Overview

About Comet Ridge

Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.

Founded

2003

HQ

Employees

2

Website

cometridge.com.au

Sectors

Energy ProductionOil & Gas

Financials (LTM)

Revenue: $0K

EBITDA: ($4M)

EV

$109M

Valuation Multiples

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Comet Ridge Financials

Comet Ridge reported last 12-month revenue of $0K and negative EBITDA of ($4M).

In the same LTM period, Comet Ridge generated ($4M) in EBITDA losses and had net loss of ($5M).

Comet Ridge P&L

In the most recent fiscal year, Comet Ridge reported revenue of — and net income of —.

Comet Ridge expects next 12-month revenue of XXX and NTM EBITDA of XXX

Comet Ridge Stock Performance

Comet Ridge has current market cap of $113M, and enterprise value of $109M.

Comet Ridge's stock price is $0.09.

Comet Ridge Valuation Multiples

Comet Ridge trades at 310356.1x EV/Revenue multiple, and (29.5x) EV/EBITDA.

Comet Ridge Financial Valuation Multiples

As of March 25, 2026, Comet Ridge has market cap of $113M and EV of $109M.

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

Comet Ridge has a P/E ratio of (23.3x).

Comet Ridge Margins & Growth Rates

Comet Ridge's revenue in the last 12 month grew by 751717%.

Comet Ridge's revenue per employee in the last FY averaged $0.0M.

Comet Ridge's rule of 40 is (301426%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Comet Ridge's rule of X is 826149% (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).

Comet Ridge Public Comps

See public comps and valuation multiples for other Energy Production and Oil & Gas comps.

Comet Ridge M&A Activity

Comet Ridge acquired XXX companies to date.

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

Comet Ridge Investment Activity

Comet Ridge invested in XXX companies to date.

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