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EROAD Valuation Multiples
Discover revenue and EBITDA valuation multiples for EROAD and similar public comparables like Kingwaytek Technology, Arbe Robotics, Logory, Rekor and more.
EROAD Overview
About EROAD
EROAD Ltd is a New Zealand Based company which is a fully integrated technology, tolling and services provider. It designs and manufactures in-vehicle hardware operates secure payment and merchant gateways and offers web-based value-added services. The company provides electronic on-board units and software as a service to the transport industry. Its products are categorized in RUC Compliance, Health & Safety, and Fleet Management. It operates through four segments: Corporate & Development, North America, Australia, and New Zealand.
Founded
2000
HQ

Employees
427
Website
Financials (LTM)
EV
$117M
EROAD Financials
EROAD reported last 12-month revenue of $118M and EBITDA of $35M.
In the same LTM period, EROAD generated $35M in EBITDA and had net loss of ($83M).
Revenue (LTM)
EROAD P&L
In the most recent fiscal year, EROAD reported revenue of $117M and EBITDA of $37M.
EROAD expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $118M | XXX | $117M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $92M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 79% | XXX | XXX | XXX |
| EBITDA | $35M | XXX | $37M | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 31% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | ($83M) | XXX | $831K | XXX | XXX | XXX |
| Net Margin | (70%) | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $7M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
EROAD Stock Performance
EROAD has current market cap of $108M, and enterprise value of $117M.
Market Cap Evolution
EROAD's stock price is $0.58.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $117M | $108M | 0.3% | XXX | XXX | XXX | $0.00 |
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Start Free TrialEROAD Valuation Multiples
EROAD trades at 1.0x EV/Revenue multiple, and 3.4x EV/EBITDA.
EV / Revenue (LTM)
EROAD Financial Valuation Multiples
As of April 19, 2026, EROAD has market cap of $108M and EV of $117M.
Equity research analysts estimate EROAD's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
EROAD has a P/E ratio of (1.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $108M | XXX | $108M | XXX | XXX | XXX |
| EV (current) | $117M | XXX | $117M | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 3.4x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | 29.5x | XXX | 19.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.3x | XXX | XXX | XXX |
| P/E | (1.3x) | XXX | 130.4x | XXX | XXX | XXX |
| EV/FCF | 76.2x | XXX | 13.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified EROAD 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.


EROAD Margins & Growth Rates
EROAD's revenue in the last 12 month grew by 3%.
EROAD's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
EROAD's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
EROAD's rule of X is 40% (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).
EROAD Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (5%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 53% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 16% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 80% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
EROAD Public Comps
See public comps and valuation multiples for other IoT and Transportation & Logistics Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| EROAD | XXX | XXX | XXX | XXX | XXX | XXX |
| Kingwaytek Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Arbe Robotics | XXX | XXX | XXX | XXX | XXX | XXX |
| Logory | XXX | XXX | XXX | XXX | XXX | XXX |
| Rekor | XXX | XXX | XXX | XXX | XXX | XXX |
| Microlise | 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.
EROAD M&A Activity
EROAD acquired XXX companies to date.
Last acquisition by EROAD was on XXXXXXXX, XXXXX. EROAD acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by EROAD
| 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 TrialEROAD Investment Activity
EROAD invested in XXX companies to date.
EROAD made its latest investment on XXXXXXXX, XXXXX. EROAD invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by EROAD
| 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 EROAD
| When was EROAD founded? | EROAD was founded in 2000. |
| Where is EROAD headquartered? | EROAD is headquartered in New Zealand. |
| How many employees does EROAD have? | As of today, EROAD has over 427 employees. |
| Is EROAD publicly listed? | Yes, EROAD is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of EROAD? | EROAD trades under ERD ticker. |
| When did EROAD go public? | EROAD went public in 2020. |
| Who are competitors of EROAD? | EROAD main competitors are Kingwaytek Technology, Arbe Robotics, Logory, Rekor. |
| What is the current market cap of EROAD? | EROAD's current market cap is $108M. |
| What is the current revenue of EROAD? | EROAD's last 12 months revenue is $118M. |
| What is the current revenue growth of EROAD? | EROAD revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of EROAD? | Current revenue multiple of EROAD is 1.0x. |
| Is EROAD profitable? | Yes, EROAD is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of EROAD? | EROAD's last 12 months EBITDA is $35M. |
| What is EROAD's EBITDA margin? | EROAD's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of EROAD? | Current EBITDA multiple of EROAD is 3.4x. |
| What is the current FCF of EROAD? | EROAD's last 12 months FCF is $2M. |
| What is EROAD's FCF margin? | EROAD's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of EROAD? | Current FCF multiple of EROAD is 76.2x. |
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