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Emerald Holding Valuation Multiples
Discover revenue and EBITDA valuation multiples for Emerald Holding and similar public comparables like Funshine Culture Group, Maoyan Entertainment, Pursuit, Fiera Milano and more.
Emerald Holding Overview
About Emerald Holding
Emerald Holding Inc is a business-to-business (B2B) event organizer principally in the United States. The company is engaged in three complementary business lines; Connections division consists of a collection of B2B trade show franchises and other live events that provide exhibitors opportunities to engage with buyers and expand their brandβs awareness in their industry; the Content division consists of B2B print publications and digital media products that complement existing trade show properties, and the Commerce division which offers software-as-a-service technology that enables year-round B2B buying and selling through Elastic Suite and Bulletin platforms for use by its customers. The Majority of the revenue for the company is generated from its Connections segment.
Founded
2013
HQ

Employees
697
Website
Sectors
Financials (LTM)
EV
$1B
Emerald Holding Financials
Emerald Holding reported last 12-month revenue of $470M and EBITDA of $130M.
In the same LTM period, Emerald Holding generated $300M in gross profit, $130M in EBITDA, and had net loss of ($17M).
Revenue (LTM)
Emerald Holding P&L
In the most recent fiscal year, Emerald Holding reported revenue of $463M and EBITDA of $127M.
Emerald Holding expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $470M | XXX | $463M | XXX | XXX | XXX |
| Gross Profit | $300M | XXX | $295M | XXX | XXX | XXX |
| Gross Margin | 64% | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $130M | XXX | $127M | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | ($17M) | XXX | ($31M) | XXX | XXX | XXX |
| Net Margin | (4%) | XXX | (7%) | XXX | XXX | XXX |
| Net Debt | β | β | $403M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Emerald Holding Stock Performance
Emerald Holding has current market cap of $841M, and enterprise value of $1B.
Market Cap Evolution
Emerald Holding's stock price is $4.25.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $841M | 0.0% | XXX | XXX | XXX | $-0.16 |
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Start Free TrialEmerald Holding Valuation Multiples
Emerald Holding trades at 2.7x EV/Revenue multiple, and 9.7x EV/EBITDA.
EV / Revenue (LTM)
Emerald Holding Financial Valuation Multiples
As of March 21, 2026, Emerald Holding has market cap of $841M and EV of $1B.
Equity research analysts estimate Emerald Holding's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Emerald Holding has a P/E ratio of (50.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $841M | XXX | $841M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.7x | XXX | 9.9x | XXX | XXX | XXX |
| EV/EBIT | 33.7x | XXX | 55.4x | XXX | XXX | XXX |
| EV/Gross Profit | 4.2x | XXX | 4.3x | XXX | XXX | XXX |
| P/E | (50.2x) | XXX | (27.4x) | XXX | XXX | XXX |
| EV/FCF | 27.6x | XXX | 36.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Emerald Holding 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.


Emerald Holding Margins & Growth Rates
Emerald Holding's revenue in the last 12 month grew by 7%.
Emerald Holding's revenue per employee in the last FY averaged $0.7M.
Emerald Holding's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Emerald Holding's rule of X is 44% (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).
Emerald Holding Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 44% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.7M | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 59% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Emerald Holding Public Comps
See public comps and valuation multiples for other Events comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Funshine Culture Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Maoyan Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Pursuit | XXX | XXX | XXX | XXX | XXX | XXX |
| Fiera Milano | XXX | XXX | XXX | XXX | XXX | XXX |
| PVR INOX | 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.
Emerald Holding M&A Activity
Emerald Holding acquired XXX companies to date.
Last acquisition by Emerald Holding was on XXXXXXXX, XXXXX. Emerald Holding acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Emerald Holding
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialEmerald Holding Investment Activity
Emerald Holding invested in XXX companies to date.
Emerald Holding made its latest investment on XXXXXXXX, XXXXX. Emerald Holding invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Emerald Holding
| 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 Emerald Holding
| When was Emerald Holding founded? | Emerald Holding was founded in 2013. |
| Where is Emerald Holding headquartered? | Emerald Holding is headquartered in United States. |
| How many employees does Emerald Holding have? | As of today, Emerald Holding has over 697 employees. |
| Who is the CEO of Emerald Holding? | Emerald Holding's CEO is Herve Sedky. |
| Is Emerald Holding publicly listed? | Yes, Emerald Holding is a public company listed on NYSE. |
| What is the stock symbol of Emerald Holding? | Emerald Holding trades under EEX ticker. |
| When did Emerald Holding go public? | Emerald Holding went public in 2017. |
| Who are competitors of Emerald Holding? | Emerald Holding main competitors are Funshine Culture Group, Maoyan Entertainment, Pursuit, Fiera Milano. |
| What is the current market cap of Emerald Holding? | Emerald Holding's current market cap is $841M. |
| What is the current revenue of Emerald Holding? | Emerald Holding's last 12 months revenue is $470M. |
| What is the current revenue growth of Emerald Holding? | Emerald Holding revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Emerald Holding? | Current revenue multiple of Emerald Holding is 2.7x. |
| Is Emerald Holding profitable? | Yes, Emerald Holding is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Emerald Holding? | Emerald Holding's last 12 months EBITDA is $130M. |
| What is Emerald Holding's EBITDA margin? | Emerald Holding's last 12 months EBITDA margin is 28%. |
| What is the current EV/EBITDA multiple of Emerald Holding? | Current EBITDA multiple of Emerald Holding is 9.7x. |
| What is the current FCF of Emerald Holding? | Emerald Holding's last 12 months FCF is $46M. |
| What is Emerald Holding's FCF margin? | Emerald Holding's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Emerald Holding? | Current FCF multiple of Emerald Holding is 27.6x. |
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