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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

United States

Employees

51.0K

Financials (LTM)

Revenue: $3B
EBITDA: $167M

EV

$861M

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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

See Conduent forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$3BXXX$3BXXXXXXXXX
Gross Profit$544MXXX$552MXXXXXXXXX
Gross Margin18%XXX18%XXXXXXXXX
EBITDA$167MXXX$164MXXXXXXXXX
EBITDA Margin5%XXX5%XXXXXXXXX
EBIT Margin(2%)XXX(2%)XXXXXXXXX
Net Profit($62M)XXX($59M)XXXXXXXXX
Net Margin(2%)XXX(2%)XXXXXXXXX
Net Debt——$454MXXXXXXXXX

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.

See Conduent trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$861M$253M3.2%XXXXXXXXX$-0.38

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Conduent Valuation Multiples

Conduent trades at 0.3x EV/Revenue multiple, and 5.1x EV/EBITDA.

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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).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$253MXXX$253MXXXXXXXXX
EV (current)$861MXXX$861MXXXXXXXXX
EV/Revenue0.3xXXX0.3xXXXXXXXXX
EV/EBITDA5.1xXXX5.2xXXXXXXXXX
EV/EBIT(15.9x)XXX(14.8x)XXXXXXXXX
EV/Gross Profit1.6xXXX1.6xXXXXXXXXX
P/E(4.1x)XXX(4.3x)XXXXXXXXX
EV/FCF(8.9x)XXX(6.6x)XXXXXXXXX

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.

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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).

See operational valuation multiples for Conduent and other 15K+ public comps

Conduent Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth1%XXX0%XXXXXXXXX
EBITDA Margin5%XXX5%XXXXXXXXX
EBITDA Growth7%XXX7%XXXXXXXXX
Rule of 40—XXX6%XXXXXXXXX
Bessemer Rule of X—XXX6%XXXXXXXXX
Revenue per Employee—XXX$0.1MXXXXXXXXX
Opex per Employee—XXX$0.0MXXXXXXXXX
R&D Expenses to Revenue0%XXX0%XXXXXXXXX
Opex to Revenue—XXX20%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Conduent Public Comps

See public comps and valuation multiples for other BPO Services comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
ConduentXXXXXXXXXXXXXXXXXX
ZalarisXXXXXXXXXXXXXXXXXX
Quess CorpXXXXXXXXXXXXXXXXXX
AlightXXXXXXXXXXXXXXXXXX
VotumXXXXXXXXXXXXXXXXXX
Blue Cloud SoftechXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

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).

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Latest Acquisitions by Conduent

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Conduent 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).

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Latest Investments by Conduent

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About 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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