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Conduent Valuation Multiples
Discover revenue and EBITDA valuation multiples for Conduent and similar public comparables like Zalaris, Quess Corp, Alight, Votum and more.
Conduent Overview
About Conduent
Conduent Inc acts as a provider of business process services with expertise in transaction-intensive processing, analytics, and automation. The company provides industry-focused service offerings in growth markets such as Healthcare and Transportation, as well as provides multi-industry services such as transaction processing, customer care, and payment services. It operates through three segments, namely Commercial Industries, which is the key revenue-driving segment, Government Services, and Transportation. The group operates its business in the United States, Europe, and Other areas, of which the majority of revenue is generated in the United States.
Founded
2016
HQ

Employees
51.0K
Website
Sectors
Financials (LTM)
EV
$861M
Conduent Financials
Conduent reported last 12-month revenue of $3B and EBITDA of $167M.
In the same LTM period, Conduent generated $544M in gross profit, $167M in EBITDA, and had net loss of ($62M).
Revenue (LTM)
Conduent P&L
In the most recent fiscal year, Conduent reported revenue of $3B and EBITDA of $164M.
Conduent expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $544M | XXX | $552M | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $167M | XXX | $164M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | (2%) | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | ($62M) | XXX | ($59M) | XXX | XXX | XXX |
| Net Margin | (2%) | XXX | (2%) | XXX | XXX | XXX |
| Net Debt | — | — | $454M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Conduent Stock Performance
Conduent has current market cap of $253M, and enterprise value of $861M.
Market Cap Evolution
Conduent's stock price is $1.63.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $861M | $253M | 3.2% | XXX | XXX | XXX | $-0.38 |
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Start Free TrialConduent Valuation Multiples
Conduent trades at 0.3x EV/Revenue multiple, and 5.1x EV/EBITDA.
EV / Revenue (LTM)
Conduent Financial Valuation Multiples
As of April 18, 2026, Conduent has market cap of $253M and EV of $861M.
Equity research analysts estimate Conduent's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Conduent has a P/E ratio of (4.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $253M | XXX | $253M | XXX | XXX | XXX |
| EV (current) | $861M | XXX | $861M | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 5.1x | XXX | 5.2x | XXX | XXX | XXX |
| EV/EBIT | (15.9x) | XXX | (14.8x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| P/E | (4.1x) | XXX | (4.3x) | XXX | XXX | XXX |
| EV/FCF | (8.9x) | XXX | (6.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Conduent 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.


Conduent Margins & Growth Rates
Conduent's revenue in the last 12 month grew by 1%.
Conduent's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Conduent's rule of 40 is 6% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Conduent's rule of X is 6% (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).
Conduent Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 6% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 6% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Conduent Public Comps
See public comps and valuation multiples for other BPO Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Conduent | XXX | XXX | XXX | XXX | XXX | XXX |
| Zalaris | XXX | XXX | XXX | XXX | XXX | XXX |
| Quess Corp | XXX | XXX | XXX | XXX | XXX | XXX |
| Alight | XXX | XXX | XXX | XXX | XXX | XXX |
| Votum | XXX | XXX | XXX | XXX | XXX | XXX |
| Blue Cloud Softech | 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.
Conduent M&A Activity
Conduent acquired XXX companies to date.
Last acquisition by Conduent was on XXXXXXXX, XXXXX. Conduent acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Conduent
| 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 TrialConduent Investment Activity
Conduent invested in XXX companies to date.
Conduent made its latest investment on XXXXXXXX, XXXXX. Conduent invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Conduent
| 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 Conduent
| When was Conduent founded? | Conduent was founded in 2016. |
| Where is Conduent headquartered? | Conduent is headquartered in United States. |
| How many employees does Conduent have? | As of today, Conduent has over 51K employees. |
| Who is the CEO of Conduent? | Conduent's CEO is Harshavardhan V. Agadi. |
| Is Conduent publicly listed? | Yes, Conduent is a public company listed on Nasdaq. |
| What is the stock symbol of Conduent? | Conduent trades under CNDT ticker. |
| When did Conduent go public? | Conduent went public in 2016. |
| Who are competitors of Conduent? | Conduent main competitors are Zalaris, Quess Corp, Alight, Votum. |
| What is the current market cap of Conduent? | Conduent's current market cap is $253M. |
| What is the current revenue of Conduent? | Conduent's last 12 months revenue is $3B. |
| What is the current revenue growth of Conduent? | Conduent revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Conduent? | Current revenue multiple of Conduent is 0.3x. |
| Is Conduent profitable? | Yes, Conduent is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Conduent? | Conduent's last 12 months EBITDA is $167M. |
| What is Conduent's EBITDA margin? | Conduent's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Conduent? | Current EBITDA multiple of Conduent is 5.1x. |
| What is the current FCF of Conduent? | Conduent's last 12 months FCF is ($96M). |
| What is Conduent's FCF margin? | Conduent's last 12 months FCF margin is (3%). |
| What is the current EV/FCF multiple of Conduent? | Current FCF multiple of Conduent is (8.9x). |
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