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- Envar Holding
Envar Holding Valuation Multiples
Discover revenue and EBITDA valuation multiples for Envar Holding and similar public comparables like Skillz, MacroWell OMG Digital Entertainment, Mgame, Gamesparcs and more.
Envar Holding Overview
About Envar Holding
Envar Holding AB (publ) is an outsourcing and development studio with a focus on graphic design, 3D graphics, animations and illustrations for game development companies or other companies operating in the entertainment industry. The company has established itself as a provider of graphics and development services to gaming industry. The company is active in two key segments: outsourcing and co-development as well as game development for the console and PC market.
Founded
2022
HQ

Employees
25
Website
Financials (LTM)
EV
$58M
Envar Holding Financials
Envar Holding reported last 12-month revenue of $13M.
Revenue (LTM)
Envar Holding P&L
In the most recent fiscal year, Envar Holding reported revenue of $11M and EBITDA of $2M.
Envar Holding expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13M | XXX | $11M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $7M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 65% | XXX | XXX | XXX |
| EBITDA | — | XXX | $2M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | — | XXX | $1M | XXX | XXX | XXX |
| Net Margin | — | XXX | 13% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Envar Holding Stock Performance
Envar Holding has current market cap of $63M, and enterprise value of $58M.
Market Cap Evolution
Envar Holding's stock price is $5.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $58M | $63M | 0.3% | XXX | XXX | XXX | $0.11 |
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Start Free TrialEnvar Holding Valuation Multiples
Envar Holding trades at 4.6x EV/Revenue multiple, and 32.5x EV/EBITDA.
EV / Revenue (LTM)
Envar Holding Financial Valuation Multiples
As of April 20, 2026, Envar Holding has market cap of $63M and EV of $58M.
Equity research analysts estimate Envar Holding's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Envar Holding has a P/E ratio of 47.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $63M | XXX | $63M | XXX | XXX | XXX |
| EV (current) | $58M | XXX | $58M | XXX | XXX | XXX |
| EV/Revenue | 4.6x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 32.5x | XXX | XXX | XXX |
| EV/EBIT | 18.8x | XXX | 31.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.3x | XXX | XXX | XXX |
| P/E | — | XXX | 47.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (50.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Envar 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.


Envar Holding Margins & Growth Rates
Envar Holding's revenue in the last 12 month grew by 39%.
Envar Holding's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Envar Holding Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 39% | XXX | 59% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 20% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 48% | XXX | XXX | XXX |
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Envar Holding Public Comps
See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Envar Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Skillz | XXX | XXX | XXX | XXX | XXX | XXX |
| MacroWell OMG Digital Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Mgame | XXX | XXX | XXX | XXX | XXX | XXX |
| Gamesparcs | XXX | XXX | XXX | XXX | XXX | XXX |
| Trophy Games | 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.
Envar Holding M&A Activity
Envar Holding acquired XXX companies to date.
Last acquisition by Envar Holding was on XXXXXXXX, XXXXX. Envar Holding acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Envar 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 |
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Start Free TrialEnvar Holding Investment Activity
Envar Holding invested in XXX companies to date.
Envar Holding made its latest investment on XXXXXXXX, XXXXX. Envar Holding invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Envar 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 Envar Holding
| When was Envar Holding founded? | Envar Holding was founded in 2022. |
| Where is Envar Holding headquartered? | Envar Holding is headquartered in Sweden. |
| How many employees does Envar Holding have? | As of today, Envar Holding has over 25 employees. |
| Is Envar Holding publicly listed? | Yes, Envar Holding is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Envar Holding? | Envar Holding trades under ENVAR ticker. |
| When did Envar Holding go public? | Envar Holding went public in 2024. |
| Who are competitors of Envar Holding? | Envar Holding main competitors are Skillz, MacroWell OMG Digital Entertainment, Mgame, Gamesparcs. |
| What is the current market cap of Envar Holding? | Envar Holding's current market cap is $63M. |
| What is the current revenue of Envar Holding? | Envar Holding's last 12 months revenue is $13M. |
| What is the current revenue growth of Envar Holding? | Envar Holding revenue growth (NTM/LTM) is 39%. |
| What is the current EV/Revenue multiple of Envar Holding? | Current revenue multiple of Envar Holding is 4.6x. |
| Is Envar Holding profitable? | No, Envar Holding is not profitable. |
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