Eiffage Valuation Multiples

Eiffage is valued at $11B as of October 2026, a 0.8x revenue multiple. In the last 12 months, Eiffage revenue was $29B and Eiffage EBITDA was $4.9B.

Eiffage Overview

About Eiffage

Eiffage is a leading French infrastructure concessions operator and construction business. It operates four business lines: construction, infrastructure, energy, and concessions. Its concession assets include 2,635 kilometers of toll roads (88% of which belong to APRR and AREA), two airports, and numerous public/private partnerships in France. The concessions segment accounts for 16% of group revenue but generates 66% of group adjusted EBIT. Eiffage’s contracting division currently benefits from a record backlog, providing good visibility on sales growth and margin expansion.


Founded

1920

HQ

France

Employees

85.3K

Financials (LTM)

Revenue: $29B
EBITDA: $4.9B

EV

$25B

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Eiffage Financials

Eiffage reported last 12-month revenue of $29B and EBITDA of $4.9B.

In the same LTM period, Eiffage generated $4.9B in EBITDA and $1.2B in net income.

Revenue (LTM)


Eiffage P&L

In the most recent fiscal year, Eiffage reported revenue of $29B and EBITDA of $4.7B.

Eiffage is profitable as of last fiscal year, with gross margin of 84%, EBITDA margin of 16%, and net margin of 4%.

See analyst estimates for Eiffage
LTMLast FY202320242025202620272028
Revenue$29B$29B$26B$28B$29B
Gross Profit-$25B$21B$23B$25B
Gross Margin-84%82%84%84%
EBITDA$4.9B$4.7B$4.4B$4.5B$4.7B
EBITDA Margin17%16%17%16%16%
EBIT Margin10%10%11%10%10%
Net Profit$1.2B$1.1B$1.2B$1.2B$1.1B
Net Margin4%4%5%4%4%
Net Debt-$10B---

Financial data powered by Morningstar, Inc.

Eiffage Stock Performance

Eiffage has current market cap of $11B, and enterprise value of $25B.

Market Cap Evolution


Eiffage's stock price is $113.35.

Eiffage share price decreased by 0.5% in the last 30 days, and by 8.3% in the last year.

Eiffage has an EPS (earnings per share) of $11.81.

See more trading valuation data for Eiffage
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$25B$11B0.2%-0.5%-20.3%-8.3%$11.81

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Eiffage Valuation Multiples

Eiffage trades at 0.8x EV/Revenue multiple, and 5.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Eiffage

EV / Revenue (LTM)


Eiffage Financial Valuation Multiples

As of October 18, 2026, Eiffage has market cap of $11B and EV of $25B.

Eiffage has a P/E ratio of 9.1x.

LTMLast FY202320242025202620272028
EV/Revenue0.8x0.8x0.9x0.9x0.8x
EV/EBITDA5.0x5.2x5.6x5.4x5.2x
EV/EBIT8.2x8.5x9.0x8.8x8.5x
EV/Gross Profit-1.0x1.1x1.1x1.0x
P/E9.1x9.6x9.4x9.1x9.6x
EV/FCF13.5x9.5x8.6x7.6x9.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Eiffage Valuation Multiples

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Eiffage Margins & Growth Rates

Eiffage decreased revenue by 0% but EBITDA grew by 3% in the last fiscal year.

In the most recent fiscal year, Eiffage reported gross margin of 84%, EBITDA margin of 16%, and net margin of 4%.

See estimated margins and future growth rates for Eiffage

Eiffage Margins

Last FY202420252026202720282029
Gross Margin84%84%84%-
EBITDA Margin16%16%16%17%
EBIT Margin10%10%10%10%
Net Margin4%4%4%4%
FCF Margin9%12%9%6%

Eiffage Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(0%)7%5%(0%)
Gross Profit Growth-9%6%-
EBITDA Growth3%3%4%3%
EBIT Growth3%2%3%3%
Net Profit Growth6%3%(5%)6%
FCF Growth(30%)13%(20%)(30%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Eiffage Operational KPIs

Eiffage's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.

Eiffage's Rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Eiffage's Rule of X is 16% (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).

Access forward-looking KPIs for Eiffage
LTMLast FY202320242025202620272028
Rule of 4019%16%---
Bessemer Rule of X22%16%---
Revenue per Employee-$0.3M---
Opex per Employee-$0.3M---
Opex to Revenue-74%72%74%74%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Skanska$18B$943M0.5x0.5x9.4x8.1x
Doosan$15B$1.3B1.6x1.5x19.0x13.0x
IES Holdings$3.4B$439M3.1x2.4x23.6x17.1x
Salik$843M$584M13.7x14.1x19.8x20.4x
China Merchants Expressway Network & Technology$2B$1.6B10.1x9.0x12.3x12.8x
Samsung Heavy Industries$8B$784M1.4x1.2x14.0x9.5x
Power Construction Corporation of China$97B$7.4B1.0x1.0x13.4x14.4x
China Railway Construction$154B$9.5B0.7x0.7x11.5x11.6x

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Acquisitions by Eiffage

Eiffage has acquired 3 companies to date.

Last acquisition by Eiffage was on August 25th 2025. Eiffage acquired Inmotechnia for undisclosed valuation.

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Latest Acquisitions by Eiffage

Inmotechnia
M3i Controls
Entreprise Pichenot Bouillé S.A.
Description
Inmotechnia is a Barcelona-based renewable energy firm developing semiconductors for power management in solar inverters and EV chargers. The company produces silicon carbide modules rated up to 1200V for grid-tied photovoltaic systems. Inmotechnia supplies components to manufacturers like SMA Solar Technology and integrates its chips into microgrid controllers for off-grid applications in Europe and Latin America.
-
Entreprise Pichenot Bouillé S.A. is a Thouars-based company specializing in railway track maintenance and renovation across France. It performs ballast renewal, rail replacement, and signaling upgrades for SNCF networks. With decades of experience, the firm operates specialized machinery on high-speed and regional lines in western France.
HQ CountrySpainSpainFrance
HQ City
Madrid
Barcelona
Paris
Deal Date25 Aug 202525 Aug 20258 Sep 2015
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Eiffage

Eiffage has invested in 1 company to date.

Latest investment by Eiffage was on June 27th 2025. Eiffage invested in ATAWEY in their $26M Undisclosed stage round (EV/Revenue multiple available to Pro users).

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Latest Investments by Eiffage

ATAWEY
Description
Atawey is a French manufacturer of hydrogen refuelling stations based at Savoie Technolac in Le Bourget-du-Lac, where it has operated since 2012. It builds proven hydrogen stations, including a mobile station, to accelerate low-carbon mobility. In 2014 it worked with Arelis and Air Liquide on THEMIS, an energy-autonomy solution project. In January 2023 it closed a EUR 25 million financing made of equity, bank loans and public financing, provided by Groupe IDEC, Bpifrance, Banque Populaire Auvergne Rhône-Alpes, Crédit Agricole Alpes Développement and BNP Paribas. The money funds its industrialisation in France, including a new factory on the Technolac site with a capacity of 60 stations a year by 2025, and its international development, starting with an office in Madrid opened in the first quarter of 2023.
HQ CountryFrance
HQ City
Le Bourget-du-Lac
Deal Date27 Jun 2025
RoundUndisclosed stage
Raised$26M
InvestorsAuvergne-Rhône-Alpes Regional Future Industry Fund; EIT InnoEnergy; Imagine H2O; Armor SA; Groupe IDEC; France 2030; Eiffage; Starquest Capital; CADS
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About Eiffage

When was Eiffage founded?Eiffage was founded in 1920.
Where is Eiffage headquartered?Eiffage is headquartered in France.
How many employees does Eiffage have?As of today, Eiffage has over 85K employees.
Who is the CEO of Eiffage?Eiffage's CEO is Benoit de Ruffray.
Is Eiffage publicly listed?Yes, Eiffage is a public company listed on Euronext Paris.
What is the stock symbol of Eiffage?Eiffage trades under FGR ticker.
When did Eiffage go public?Eiffage went public in 1992.
Who are competitors of Eiffage?Eiffage main competitors include Skanska, Doosan, IES Holdings, Salik, China Merchants Expressway Network & Technology, Samsung Heavy Industries, Power Construction Corporation of China, China Railway Construction, Saipem, AtkinsRéalis.
What is the current market cap of Eiffage?Eiffage's current market cap is $11B.
What is the current revenue of Eiffage?Eiffage's last 12 months revenue is $29B.
What is the current revenue growth of Eiffage?Eiffage revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Eiffage?Current revenue multiple of Eiffage is 0.8x.
What is the current EBITDA of Eiffage?Eiffage's last 12 months EBITDA is $4.9B.
What is Eiffage's EBITDA margin?Eiffage's last 12 months EBITDA margin is 17%.
What is the current EV/EBITDA multiple of Eiffage?Current EBITDA multiple of Eiffage is 5.0x.
What is the current FCF of Eiffage?Eiffage's last 12 months FCF is $1.8B.
What is Eiffage's FCF margin?Eiffage's last 12 months FCF margin is 6%.
What is the current EV/FCF multiple of Eiffage?Current FCF multiple of Eiffage is 13.5x.
How many companies Eiffage has acquired to date?As of October 2026, Eiffage has acquired 3 companies.
What was the largest acquisition by Eiffage?None of the M&A deals Eiffage has completed have disclosed valuations.
What companies Eiffage acquired?Eiffage acquired Inmotechnia, Entreprise Pichenot Bouillé S.A., and M3i Controls.
In how many companies Eiffage has invested to date?As of October 2026, Eiffage has invested in 1 company.
In what companies Eiffage invested in?Eiffage invested in ATAWEY.

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