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Cy4gate Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cy4gate and similar public comparables like Clavister Holding, Hennge, WALLIX, Acer Cyber Security and more.
Cy4gate Overview
About Cy4gate
Cy4gate SpA is engaged in design, development and production of technologies, products, systems and services for the Armed Forces, Law Enforcement Agencies and Italian and foreign companies. It operates in single operating segment, that of the development and marketing of cyber intelligence and cyber security products.
Founded
2014
HQ

Employees
549
Website
Financials (LTM)
EV
$185M
Cy4gate Financials
Cy4gate reported last 12-month revenue of $117M and EBITDA of $24M.
In the same LTM period, Cy4gate generated $24M in EBITDA and had net loss of ($7M).
Revenue (LTM)
Cy4gate P&L
In the most recent fiscal year, Cy4gate reported revenue of $81M and EBITDA of $14M.
Cy4gate expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $117M | XXX | $81M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $54M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 66% | XXX | XXX | XXX |
| EBITDA | $24M | XXX | $14M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 0% | XXX | (7%) | XXX | XXX | XXX |
| Net Profit | ($7M) | XXX | ($8M) | XXX | XXX | XXX |
| Net Margin | (6%) | XXX | (10%) | XXX | XXX | XXX |
| Net Debt | — | — | $26M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cy4gate Stock Performance
Cy4gate has current market cap of $201M, and enterprise value of $185M.
Market Cap Evolution
Cy4gate's stock price is $8.69.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $185M | $201M | -0.3% | XXX | XXX | XXX | $-0.34 |
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Start Free TrialCy4gate Valuation Multiples
Cy4gate trades at 1.6x EV/Revenue multiple, and 7.6x EV/EBITDA.
EV / Revenue (LTM)
Cy4gate Financial Valuation Multiples
As of March 17, 2026, Cy4gate has market cap of $201M and EV of $185M.
Equity research analysts estimate Cy4gate's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cy4gate has a P/E ratio of (27.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $201M | XXX | $201M | XXX | XXX | XXX |
| EV (current) | $185M | XXX | $185M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 7.6x | XXX | 13.7x | XXX | XXX | XXX |
| EV/EBIT | 960.6x | XXX | (35.2x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.4x | XXX | XXX | XXX |
| P/E | (27.4x) | XXX | (25.7x) | XXX | XXX | XXX |
| EV/FCF | 11.4x | XXX | (41.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cy4gate 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.


Cy4gate Margins & Growth Rates
Cy4gate's revenue in the last 12 month grew by 6%.
Cy4gate's revenue per employee in the last FY averaged $0.2M.
Cy4gate's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cy4gate's rule of X is 36% (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).
Cy4gate Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 76% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 79% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cy4gate Public Comps
See public comps and valuation multiples for other Cybersecurity comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Clavister Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Hennge | XXX | XXX | XXX | XXX | XXX | XXX |
| WALLIX | XXX | XXX | XXX | XXX | XXX | XXX |
| Acer Cyber Security | XXX | XXX | XXX | XXX | XXX | XXX |
| SSH Communications Security | 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.
Cy4gate M&A Activity
Cy4gate acquired XXX companies to date.
Last acquisition by Cy4gate was on XXXXXXXX, XXXXX. Cy4gate acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cy4gate
| 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 TrialCy4gate Investment Activity
Cy4gate invested in XXX companies to date.
Cy4gate made its latest investment on XXXXXXXX, XXXXX. Cy4gate invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cy4gate
| 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 Cy4gate
| When was Cy4gate founded? | Cy4gate was founded in 2014. |
| Where is Cy4gate headquartered? | Cy4gate is headquartered in Italy. |
| How many employees does Cy4gate have? | As of today, Cy4gate has over 549 employees. |
| Is Cy4gate publicly listed? | Yes, Cy4gate is a public company listed on Borsa Italiana. |
| What is the stock symbol of Cy4gate? | Cy4gate trades under CY4 ticker. |
| When did Cy4gate go public? | Cy4gate went public in 2020. |
| Who are competitors of Cy4gate? | Cy4gate main competitors are Clavister Holding, Hennge, WALLIX, Acer Cyber Security. |
| What is the current market cap of Cy4gate? | Cy4gate's current market cap is $201M. |
| What is the current revenue of Cy4gate? | Cy4gate's last 12 months revenue is $117M. |
| What is the current revenue growth of Cy4gate? | Cy4gate revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Cy4gate? | Current revenue multiple of Cy4gate is 1.6x. |
| Is Cy4gate profitable? | Yes, Cy4gate is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cy4gate? | Cy4gate's last 12 months EBITDA is $24M. |
| What is Cy4gate's EBITDA margin? | Cy4gate's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Cy4gate? | Current EBITDA multiple of Cy4gate is 7.6x. |
| What is the current FCF of Cy4gate? | Cy4gate's last 12 months FCF is $16M. |
| What is Cy4gate's FCF margin? | Cy4gate's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Cy4gate? | Current FCF multiple of Cy4gate is 11.4x. |
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