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Elmera Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Elmera Group and similar public comparables like Cadiz, Yu Group, Reliance Infrastructure, Genie Energy and more.
Elmera Group Overview
About Elmera Group
Elmera Group ASA formerly Fjordkraft Holding ASA is an electric power supply company that serves the private and public sectors along with the residences of Norway. It operates in segments namely Consumer, Business, and Nordic. The consumer segment comprises the sale of electrical power to private consumers which generates key revenue whilst the latter comprises of sale of electricity to businesses.
Founded
2017
HQ

Employees
452
Website
Sectors
Financials (LTM)
EV
$614M
Elmera Group Financials
Elmera Group reported last 12-month revenue of $182M and EBITDA of $81M.
In the same LTM period, Elmera Group generated ($985M) in gross profit, $81M in EBITDA, and $22M in net income.
Revenue (LTM)
Elmera Group P&L
In the most recent fiscal year, Elmera Group reported revenue of $1B and EBITDA of $79M.
Elmera Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $182M | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | ($985M) | XXX | $180M | XXX | XXX | XXX |
| Gross Margin | (542%) | XXX | 14% | XXX | XXX | XXX |
| EBITDA | $81M | XXX | $79M | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $22M | XXX | $17M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $202M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Elmera Group Stock Performance
Elmera Group has current market cap of $404M, and enterprise value of $614M.
Market Cap Evolution
Elmera Group's stock price is $3.69.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $614M | $404M | -0.1% | XXX | XXX | XXX | $0.16 |
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Start Free TrialElmera Group Valuation Multiples
Elmera Group trades at 3.4x EV/Revenue multiple, and 7.6x EV/EBITDA.
EV / Revenue (LTM)
Elmera Group Financial Valuation Multiples
As of April 20, 2026, Elmera Group has market cap of $404M and EV of $614M.
Equity research analysts estimate Elmera Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Elmera Group has a P/E ratio of 18.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $404M | XXX | $404M | XXX | XXX | XXX |
| EV (current) | $614M | XXX | $614M | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.6x | XXX | 7.8x | XXX | XXX | XXX |
| EV/EBIT | 12.5x | XXX | 13.4x | XXX | XXX | XXX |
| EV/Gross Profit | (0.6x) | XXX | 3.4x | XXX | XXX | XXX |
| P/E | 18.5x | XXX | 23.3x | XXX | XXX | XXX |
| EV/FCF | (15.2x) | XXX | (8.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Elmera Group Valuation Multiples
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Elmera Group Margins & Growth Rates
Elmera Group's revenue in the last 12 month grew by 6%.
Elmera Group's revenue per employee in the last FY averaged $2.9M, while opex per employee averaged $0.3M for the same period.
Elmera Group's rule of 40 is (39%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Elmera Group's rule of X is (167%) (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).
Elmera Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (85%) | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (39%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (167%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Elmera Group Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Elmera Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cadiz | XXX | XXX | XXX | XXX | XXX | XXX |
| Yu Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance Infrastructure | XXX | XXX | XXX | XXX | XXX | XXX |
| Genie Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Enel Generacion Piura | 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.
Elmera Group M&A Activity
Elmera Group acquired XXX companies to date.
Last acquisition by Elmera Group was on XXXXXXXX, XXXXX. Elmera Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Elmera Group
| 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 TrialElmera Group Investment Activity
Elmera Group invested in XXX companies to date.
Elmera Group made its latest investment on XXXXXXXX, XXXXX. Elmera Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Elmera Group
| 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 Elmera Group
| When was Elmera Group founded? | Elmera Group was founded in 2017. |
| Where is Elmera Group headquartered? | Elmera Group is headquartered in Norway. |
| How many employees does Elmera Group have? | As of today, Elmera Group has over 452 employees. |
| Who is the CEO of Elmera Group? | Elmera Group's CEO is Rolf Barmen. |
| Is Elmera Group publicly listed? | Yes, Elmera Group is a public company listed on Oslo Børs. |
| What is the stock symbol of Elmera Group? | Elmera Group trades under ELMRA ticker. |
| When did Elmera Group go public? | Elmera Group went public in 2018. |
| Who are competitors of Elmera Group? | Elmera Group main competitors are Cadiz, Yu Group, Reliance Infrastructure, Genie Energy. |
| What is the current market cap of Elmera Group? | Elmera Group's current market cap is $404M. |
| What is the current revenue of Elmera Group? | Elmera Group's last 12 months revenue is $182M. |
| What is the current revenue growth of Elmera Group? | Elmera Group revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Elmera Group? | Current revenue multiple of Elmera Group is 3.4x. |
| Is Elmera Group profitable? | Yes, Elmera Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Elmera Group? | Elmera Group's last 12 months EBITDA is $81M. |
| What is Elmera Group's EBITDA margin? | Elmera Group's last 12 months EBITDA margin is 45%. |
| What is the current EV/EBITDA multiple of Elmera Group? | Current EBITDA multiple of Elmera Group is 7.6x. |
| What is the current FCF of Elmera Group? | Elmera Group's last 12 months FCF is ($40M). |
| What is Elmera Group's FCF margin? | Elmera Group's last 12 months FCF margin is (22%). |
| What is the current EV/FCF multiple of Elmera Group? | Current FCF multiple of Elmera Group is (15.2x). |
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