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Endava Valuation Multiples

Discover Endava's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Cheops Technology, Performance Technologies, FDM Group, Serviceware and more.

Endava Overview

About Endava

Endava is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2006 in the UK, and it continues to generate the majority of revenue in the UK and Europe. Endava’s client base is concentrated in the payments and financial services, technology, media, and telecom industries.


Founded

2006

HQ

United States

Employees

11.5K

Website

endava.com

Financials (LTM)

Revenue: $973M
EBITDA: $94M

EV

$408M

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Endava Financials

Endava reported last 12-month revenue of $973M and EBITDA of $94M.

In the same LTM period, Endava generated $237M in gross profit, $94M in EBITDA, and $35M in net income.

Revenue (LTM)


Endava P&L

In the most recent fiscal year, Endava reported revenue of $1B and EBITDA of $160M.

Endava is profitable as of last fiscal year, with gross margin of 25%, EBITDA margin of 15%, and net margin of 9%.

See analyst estimates for Endava
LTMLast FY202320242025202620272028
Revenue$973M$1B$1B$1B$1B
Gross Profit$237M$260M$298M$250M$247M
Gross Margin24%25%29%25%25%
EBITDA$94M$160M$149M$102M$99M
EBITDA Margin10%15%15%10%10%
EBIT Margin7%13%9%3%5%
Net Profit$35M$89M$75M$26M$31M
Net Margin4%9%7%3%3%
Net Debt-$163M---

Financial data powered by Morningstar, Inc.

Endava Stock Performance

Endava has current market cap of $153M, and enterprise value of $408M.

Market Cap Evolution


Endava's stock price is $2.90.

Endava share price decreased by 9.9% in the last 30 days, and by 81.1% in the last year.

Endava has an EPS (earnings per share) of $1.69.

See more trading valuation data for Endava
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$408M$153M0.0%-9.9%-34.4%-81.1%$1.69

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Endava Valuation Multiples

Endava trades at 0.4x EV/Revenue multiple, and 4.3x EV/EBITDA.

See NTM and 2027E valuation multiples for Endava

EV / Revenue (LTM)


Endava Financial Valuation Multiples

As of June 14, 2026, Endava has market cap of $153M and EV of $408M.

Endava has a P/E ratio of 4.3x.

LTMLast FY202320242025202620272028
EV/Revenue0.4x0.4x0.4x0.4x0.4x
EV/EBITDA4.3x2.6x2.7x4.0x4.1x
EV/EBIT6.1x3.1x4.5x11.8x7.7x
EV/Gross Profit1.7x1.6x1.4x1.6x1.7x
P/E4.3x1.7x2.1x6.0x5.0x
EV/FCF9.4x6.3x3.8x6.3x7.6x

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

Verified Endava 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.

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Endava Margins & Growth Rates

Endava decreased revenue by 6% and EBITDA by 43% in the last fiscal year.

In the most recent fiscal year, Endava reported gross margin of 25%, EBITDA margin of 15%, and net margin of 9%.

See estimated margins and future growth rates for Endava

Endava Margins

Last FY202420252026202720282029
Gross Margin25%25%25%25%
EBITDA Margin15%10%10%10%
EBIT Margin13%3%5%7%
Net Margin9%3%3%4%
FCF Margin6%6%5%5%

Endava Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(6%)(1%)(1%)(3%)
Gross Profit Growth(10%)(16%)(1%)(2%)
EBITDA Growth(43%)(32%)(3%)0%
EBIT Growth(51%)(61%)54%30%
Net Profit Growth(63%)(66%)19%23%
FCF Growth(33%)(39%)(17%)(11%)

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

Endava Operational KPIs

Endava's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Endava's Rule of 40 is 8% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Endava's Rule of X is 4% (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 Endava
LTMLast FY202320242025202620272028
Rule of 4011%8%---
Bessemer Rule of X13%4%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
Opex to Revenue-21%20%21%22%

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

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Endava Competitors

Endava competitors include Cheops Technology, Performance Technologies, FDM Group, Serviceware, Digital Information Technologies, Abra IT, Coocon, Exsitec, NNIT and Sngular.

Most Endava public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Cheops Technology0.7x-8.2x-
Performance Technologies1.3x1.3x10.4x10.4x
FDM Group0.5x0.6x5.2x5.1x
Serviceware1.0x0.9x20.8x17.7x
Digital Information Technologies0.7x0.7x5.6x-
Abra IT1.0x-8.9x-
Coocon1.2x-2.6x-
Exsitec1.7x1.7x8.0x7.8x

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Acquisitions by Endava

Endava has acquired 12 companies to date.

Last acquisition by Endava was on February 29th 2024. Endava acquired GalaxE.Solutions for $405M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Endava

GalaxE.Solutions
TLM Partners
DEK Technologies
Mudbath
Description
GalaxE.Solutions is a Somerset-headquartered IT services firm that delivers custom application development, AI implementations, and business consulting for Fortune 500 clients. The company supports digital transformation in sectors like healthcare, finance, and manufacturing from delivery centers in India, the United States, and Europe.
TLM Partners is a cloud-based game studio in Tel Aviv developing titles for esports, PC, console, and XR platforms using Unreal Engine and AWS. The firm created multiplayer shooters like Blitz Brigade and provides middleware for real-time multiplayer syncing. TLM Partners offers consulting on game dev pipelines, training programs for Unity and Godot, and co-development with publishers such as Epic Games.
-
Mudbath is a Melbourne-based agency designing and engineering digital products for enterprise clients. Cross-functional teams deliver custom software, web applications, and mobile solutions. The firm serves Australian organizations in finance, healthcare, and retail with full-cycle development from prototyping to deployment.
HQ CountryUnited StatesUnited StatesAustraliaAustralia
HQ City
Somerset, NJ
Los Angeles, CA
-
Newcastle
Deal Date29 Feb 20243 Aug 20239 Jun 202310 May 2023
Valuation$405M$10M$73M$19M
EV/Revenue
EV/EBITDA

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About Endava

When was Endava founded?Endava was founded in 2006.
Where is Endava headquartered?Endava is headquartered in United States.
How many employees does Endava have?As of today, Endava has over 11K employees.
Who is the CEO of Endava?Endava's CEO is John Cotterell.
Is Endava publicly listed?Yes, Endava is a public company listed on NYSE.
What is the stock symbol of Endava?Endava trades under DAVA ticker.
When did Endava go public?Endava went public in 2018.
Who are competitors of Endava?Endava main competitors include Cheops Technology, Performance Technologies, FDM Group, Serviceware, Digital Information Technologies, Abra IT, Coocon, Exsitec, NNIT, Sngular.
What is the current market cap of Endava?Endava's current market cap is $153M.
What is the current revenue of Endava?Endava's last 12 months revenue is $973M.
What is the current revenue growth of Endava?Endava revenue growth (NTM/LTM) is 1%.
What is the current EV/Revenue multiple of Endava?Current revenue multiple of Endava is 0.4x.
What is the current EBITDA of Endava?Endava's last 12 months EBITDA is $94M.
What is Endava's EBITDA margin?Endava's last 12 months EBITDA margin is 10%.
What is the current EV/EBITDA multiple of Endava?Current EBITDA multiple of Endava is 4.3x.
What is the current FCF of Endava?Endava's last 12 months FCF is $44M.
What is Endava's FCF margin?Endava's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of Endava?Current FCF multiple of Endava is 9.4x.
How many companies Endava has acquired to date?As of June 2026, Endava has acquired 12 companies.
What was the largest acquisition by Endava?$405M acquisition of GalaxE.Solutions on 29th February 2024 was the largest M&A Endava has done to date.
What companies Endava acquired?Endava acquired GalaxE.Solutions, DEK Technologies, Comtrade Digital Services, Levvel, Velocity Partners, Lexicon Digital, Five, Mudbath, Intuitus Ltd., ISDC, and 2 other companies.
In how many companies Endava has invested to date?Endava hasn't invested in any companies yet (or none have been disclosed publicly).

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