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Fenbi Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fenbi and similar public comparables like Wilmington, Alkhaleej Training, Franklin Covey, SISB and more.
Fenbi Overview
About Fenbi
Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. The company providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and several professions and industries. The company helps college graduates excel in the competitive selection process administered by governmental institutions and helps professionals obtain the relevant qualifications. Its segments are Tutoring services and Sales of books. The company generates the majority of its revenue from Tutoring services, which are classroom-based platforms teaching to students who physically attend the lecture centers or through an online platform.
Founded
2020
HQ

Employees
7.2K
Website
Financials (LTM)
EV
$115M
Fenbi Financials
Fenbi reported last 12-month revenue of $399M and EBITDA of $48M.
In the same LTM period, Fenbi generated $214M in gross profit, $48M in EBITDA, and $33M in net income.
Revenue (LTM)
Fenbi P&L
In the most recent fiscal year, Fenbi reported revenue of $409M and EBITDA of $50M.
Fenbi expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $399M | XXX | $409M | XXX | XXX | XXX |
| Gross Profit | $214M | XXX | $215M | XXX | XXX | XXX |
| Gross Margin | 54% | XXX | 52% | XXX | XXX | XXX |
| EBITDA | $48M | XXX | $50M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $33M | XXX | $35M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 9% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fenbi Stock Performance
Fenbi has current market cap of $285M, and enterprise value of $115M.
Market Cap Evolution
Fenbi's stock price is $0.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $115M | $285M | -2.8% | XXX | XXX | XXX | $0.02 |
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Start Free TrialFenbi Valuation Multiples
Fenbi trades at 0.3x EV/Revenue multiple, and 2.4x EV/EBITDA.
EV / Revenue (LTM)
Fenbi Financial Valuation Multiples
As of April 18, 2026, Fenbi has market cap of $285M and EV of $115M.
Equity research analysts estimate Fenbi's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fenbi has a P/E ratio of 8.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $285M | XXX | $285M | XXX | XXX | XXX |
| EV (current) | $115M | XXX | $115M | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 2.4x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBIT | 2.9x | XXX | 3.8x | XXX | XXX | XXX |
| EV/Gross Profit | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| P/E | 8.6x | XXX | 8.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 2.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fenbi 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.


Fenbi Margins & Growth Rates
Fenbi's revenue in the last 12 month grew by 8%.
Fenbi's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Fenbi's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fenbi's rule of X is 34% (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).
Fenbi Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | (5%) | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | (13%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 24% | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | 15% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fenbi Public Comps
See public comps and valuation multiples for other Education & Training and Learning Platforms comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Fenbi | XXX | XXX | XXX | XXX | XXX | XXX |
| Wilmington | XXX | XXX | XXX | XXX | XXX | XXX |
| Alkhaleej Training | XXX | XXX | XXX | XXX | XXX | XXX |
| Franklin Covey | XXX | XXX | XXX | XXX | XXX | XXX |
| SISB | XXX | XXX | XXX | XXX | XXX | XXX |
| MegaStudyEdu | 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.
Fenbi M&A Activity
Fenbi acquired XXX companies to date.
Last acquisition by Fenbi was on XXXXXXXX, XXXXX. Fenbi acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fenbi
| 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 TrialFenbi Investment Activity
Fenbi invested in XXX companies to date.
Fenbi made its latest investment on XXXXXXXX, XXXXX. Fenbi invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fenbi
| 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 Fenbi
| When was Fenbi founded? | Fenbi was founded in 2020. |
| Where is Fenbi headquartered? | Fenbi is headquartered in China. |
| How many employees does Fenbi have? | As of today, Fenbi has over 7K employees. |
| Who is the CEO of Fenbi? | Fenbi's CEO is Xiaolong Zhang. |
| Is Fenbi publicly listed? | Yes, Fenbi is a public company listed on HKEX. |
| What is the stock symbol of Fenbi? | Fenbi trades under 02469 ticker. |
| When did Fenbi go public? | Fenbi went public in 2023. |
| Who are competitors of Fenbi? | Fenbi main competitors are Wilmington, Alkhaleej Training, Franklin Covey, SISB. |
| What is the current market cap of Fenbi? | Fenbi's current market cap is $285M. |
| What is the current revenue of Fenbi? | Fenbi's last 12 months revenue is $399M. |
| What is the current revenue growth of Fenbi? | Fenbi revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Fenbi? | Current revenue multiple of Fenbi is 0.3x. |
| Is Fenbi profitable? | Yes, Fenbi is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Fenbi? | Fenbi's last 12 months EBITDA is $48M. |
| What is Fenbi's EBITDA margin? | Fenbi's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of Fenbi? | Current EBITDA multiple of Fenbi is 2.4x. |
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