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- Covista
Covista Valuation Multiples
Covista is valued at $4.2B as of September 2026, a 2.4x revenue multiple. In the last 12 months, Covista revenue was $2B and Covista EBITDA was $531M.
Covista Overview
About Covista
Adtalem Global Education is a Chicago-headquartered provider of postsecondary education in healthcare, business, and technology fields. It oversees institutions like Chamberlain University, Ross University School of Medicine, DeVry University, and Becker Professional Education, enrolling students in nursing, medical, accounting, and IT programs across the United States, Caribbean, and Brazil.
Founded
1973
HQ
Employees
10.4K
Website
Sectors
Financials (LTM)
EV
$4.7B
Valuation Multiples
Start free trialCovista Financials
Covista reported last 12-month revenue of $2B and EBITDA of $531M.
In the same LTM period, Covista generated $1.1B in gross profit, $531M in EBITDA, and $299M in net income.
Revenue (LTM)
Covista P&L
In the most recent fiscal year, Covista reported revenue of $2B and EBITDA of $462M.
Covista is profitable as of last fiscal year, with gross margin of 57%, EBITDA margin of 24%, and net margin of 13%.
Financial data powered by Morningstar, Inc.
Covista Stock Performance
Covista has current market cap of $4.2B, and enterprise value of $4.7B.
Market Cap Evolution
Covista's stock price is $124.16.
Covista share price decreased by 6.2% in the last 30 days, and by 18.8% in the last year.
Covista has an EPS (earnings per share) of $7.39.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.7B | $4.2B | 0.8% | -6.2% | -0.4% | -18.8% | $7.39 |
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Start Free TrialCovista Valuation Multiples
Covista trades at 2.4x EV/Revenue multiple, and 8.9x EV/EBITDA.
EV / Revenue (LTM)
Covista Financial Valuation Multiples
As of September 25, 2026, Covista has market cap of $4.2B and EV of $4.7B.
Covista has a P/E ratio of 14.1x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Covista 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.


Covista Margins & Growth Rates
Covista grew revenue by 6% and EBITDA by 21% in the last fiscal year.
In the most recent fiscal year, Covista reported gross margin of 57%, EBITDA margin of 24%, and net margin of 13%.
Covista Margins
Covista Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Covista Operational KPIs
Covista's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Covista's Rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Covista's Rule of X is 33% (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.
Covista Competitors
Covista competitors include Grand Canyon Education, Fibra Educa, Graham Holdings, East Buy, Stride, Bright Horizons Family, Laureate Education, COL Global, John Wiley & Sons and Perdoceo Education.
Most Covista public comparables operate across Education & Training.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $306M | 3.4x | 3.3x | 12.3x | 9.9x | |||
| $264M | - | 15.2x | 14.9x | - | - | |||
| $4.9B | $682M | 1.0x | 1.0x | 7.3x | - | |||
| $850M | $98M | 3.2x | 2.9x | 27.4x | 23.3x | |||
| $2.5B | $580M | 1.2x | 1.2x | 5.0x | 4.7x | |||
| $2.9B | $408M | 1.7x | 1.7x | 12.5x | 10.1x | |||
| $1.7B | $515M | 3.4x | 3.1x | 11.3x | 10.1x | |||
| $247M | ($78M) | 10.9x | 8.7x | (34.5x) | (44.3x) | |||
This data is available for Pro users. Sign up to see all Covista competitors and their valuation data. Start Free Trial | ||||||||
Acquisitions by Covista
Covista has acquired 5 companies to date.
Last acquisition by Covista was on September 11th 2020. Covista acquired Walden University for $1.5B (EV/Revenue multiple available to Pro users).
Latest Acquisitions by Covista
| Description | - | OnCourse Learning is an education technology company delivering compliance training and certification programs through brands like ProSchools, TrainingPro, QuickCert, and AHIT. Offerings cover real estate, insurance, healthcare, and home inspection licensing. Founded in 2007 and based in Milwaukee, Wisconsin, it served over 1 million learners before acquisition by Colibri Group. | Faculdade de Imperatriz is an Imperatriz, Maranhão-based Brazilian university providing undergraduate degrees in medicine, dentistry, law, engineering, and education. The institution serves 8,000 students through on-campus and distance learning modalities across northeastern Brazil. Faculdade de Imperatriz maintains partnerships with regional hospitals for health sciences training. Established in 1993, it operates 20 courses accredited by Brazil's Ministry of Education. | - | |
| HQ Country | |||||
| HQ City | - | Milwaukee, WI | Imperatriz | - | |
| Deal Date | 11 Sep 2020 | 15 Apr 2019 | 1 Jun 2016 | 15 Dec 2015 | |
| Valuation | $1.5B | $121M | undisclosed | $699M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Covista acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Covista
Covista has invested in 2 companies to date.
Latest investment by Covista was on September 15th 2026. Covista invested in The Health Collaborative in their $200K Strategic investment round (EV/Revenue multiple available to Pro users).
Latest Investments by Covista
| Description | The Health Collaborative is a nonprofit organization delivering advisory, training, and information services to healthcare organizations. | EduPristine is a Mumbai-based training provider for finance certifications including CFA, FRM, PRM, CPA, and CMA. It delivers classroom and online programs, having trained professionals from J.P. Morgan, Bank of America, EY, and institutions like IIM Calcutta and NUS Singapore. |
| HQ Country | ||
| HQ City | Cincinnati, OH | Mumbai |
| Deal Date | 15 Sep 2026 | 17 May 2016 |
| Round | Strategic investment | Series B |
| Raised | $200K | $10M |
| Investors | Covista | Kaizenvest; Covista |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Covista investments and their VC round multiples. Start Free Trial | ||
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Start Free TrialAbout Covista
| When was Covista founded? | Covista was founded in 1973. |
| Where is Covista headquartered? | Covista is headquartered in United States. |
| How many employees does Covista have? | As of today, Covista has over 10K employees. |
| Is Covista publicly listed? | Yes, Covista is a public company listed on NYSE. |
| What is the stock symbol of Covista? | Covista trades under CVSA ticker. |
| When did Covista go public? | Covista went public in 1991. |
| Who are competitors of Covista? | Covista main competitors include Grand Canyon Education, Fibra Educa, Graham Holdings, East Buy, Stride, Bright Horizons Family, Laureate Education, COL Global, John Wiley & Sons, Perdoceo Education. |
| What is the current market cap of Covista? | Covista's current market cap is $4.2B. |
| What is the current revenue of Covista? | Covista's last 12 months revenue is $2B. |
| What is the current revenue growth of Covista? | Covista revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Covista? | Current revenue multiple of Covista is 2.4x. |
| What is the current EBITDA of Covista? | Covista's last 12 months EBITDA is $531M. |
| What is Covista's EBITDA margin? | Covista's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Covista? | Current EBITDA multiple of Covista is 8.9x. |
| What is the current FCF of Covista? | Covista's last 12 months FCF is $379M. |
| What is Covista's FCF margin? | Covista's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of Covista? | Current FCF multiple of Covista is 12.5x. |
| How many companies Covista has acquired to date? | As of September 2026, Covista has acquired 5 companies. |
| What was the largest acquisition by Covista? | $1.5B acquisition of Walden University on 11th September 2020 was the largest M&A Covista has done to date. |
| What companies Covista acquired? | Covista acquired Walden University, Ibmec, OnCourse Learning, Faculdade Ideal, and Faculdade de Imperatriz. |
| In how many companies Covista has invested to date? | As of September 2026, Covista has invested in 2 companies. |
| What was the last Covista investment? | On 15th September 2026 Covista invested in The Health Collaborative, participating in a $200K Strategic investment round. |
| In what companies Covista invested in? | Covista invested in edupristine and The Health Collaborative. |
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