F-Secure Valuation Multiples

F-Secure Overview

About F-Secure

F-Secure Corp is engaged in designing and providing a comprehensive range of Cyber-security products and services related to data security, privacy protection as well as privacy protection and digital identity protection of consumer terminal devices, networks, and devices connected to a network, sold in each case either directly or indirectly to consumers. Geographically the company earns a majority of its revenue from Europe followed by the Nordic Countries. Its products are F-Secure Total, F-Secure Internet Security, F-Secure VPN, F-Secure ID Protection, and F-Secure Scam Protection.

Founded

1988

HQ

Employees

529

Website

f-secure.com

Sectors

CybersecurityB2B SaaSHorizontal SaaS

Financials (LTM)

Revenue: $175M

EBITDA: $61M

EV

$530M

Valuation Multiples

Multiples.vc

Start free trial

F-Secure Financials

F-Secure reported last 12-month revenue of $175M and EBITDA of $61M.

In the same LTM period, F-Secure generated $126M in gross profit, $61M in EBITDA, and $26M in net income.

F-Secure P&L

In the most recent fiscal year, F-Secure reported revenue of $172M and EBITDA of $61M.

F-Secure expects next 12-month revenue of XXX and NTM EBITDA of XXX

F-Secure Stock Performance

F-Secure has current market cap of $359M, and enterprise value of $530M.

F-Secure's stock price is $2.05.

F-Secure Valuation Multiples

F-Secure trades at 3.0x EV/Revenue multiple, and 8.7x EV/EBITDA.

F-Secure Financial Valuation Multiples

As of April 19, 2026, F-Secure has market cap of $359M and EV of $530M.

Equity research analysts estimate F-Secure's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

F-Secure has a P/E ratio of 13.7x.

F-Secure Margins & Growth Rates

F-Secure's revenue in the last 12 month grew by 6%.

F-Secure's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

F-Secure's rule of 40 is 40% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

F-Secure's rule of X is 50% (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).

F-Secure Public Comps

See public comps and valuation multiples for other Cybersecurity comps.

F-Secure M&A Activity

F-Secure acquired XXX companies to date.

Last acquisition by F-Secure was on XXXXXXXX, XXXXX. F-Secure acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

F-Secure Investment Activity

F-Secure invested in XXX companies to date.

F-Secure made its latest investment on XXXXXXXX, XXXXX. F-Secure invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).