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FirstGroup Valuation Multiples
Discover revenue and EBITDA valuation multiples for FirstGroup and similar public comparables like Newag, Nishi-Nippon Railroad, Titagarh Rail Systems, Greenbrier Companies and more.
FirstGroup Overview
About FirstGroup
FirstGroup PLC is a passenger transportation company domiciled in the United Kingdom. The company organizes itself into segments: Greyhound, First Bus, and First Rail. The Greyhound segment operates intercity coaches in the United States and Canada. First Bus operates buses in the United Kingdom. First Rail operates passenger trains in the United Kingdom. The company derives the majority of its revenue from the United Kingdom.
Founded
1995
HQ

Employees
30.5K
Website
Sectors
Financials (LTM)
EV
$2B
FirstGroup Financials
FirstGroup reported last 12-month revenue of $6B and EBITDA of $971M.
In the same LTM period, FirstGroup generated $971M in EBITDA and $154M in net income.
Revenue (LTM)
FirstGroup P&L
In the most recent fiscal year, FirstGroup reported revenue of $7B and EBITDA of $1B.
FirstGroup expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $971M | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $154M | XXX | $181M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
FirstGroup Stock Performance
FirstGroup has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
FirstGroup's stock price is $2.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $0.33 |
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Start Free TrialFirstGroup Valuation Multiples
FirstGroup trades at 0.4x EV/Revenue multiple, and 2.5x EV/EBITDA.
EV / Revenue (LTM)
FirstGroup Financial Valuation Multiples
As of March 9, 2026, FirstGroup has market cap of $1B and EV of $2B.
Equity research analysts estimate FirstGroup's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FirstGroup has a P/E ratio of 8.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 2.5x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBIT | 6.0x | XXX | 5.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.0x | XXX | XXX | XXX |
| P/E | 8.7x | XXX | 7.4x | XXX | XXX | XXX |
| EV/FCF | 40.2x | XXX | 3.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified FirstGroup 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.


FirstGroup Margins & Growth Rates
FirstGroup's revenue in the last 12 month declined by (13%).
FirstGroup's revenue per employee in the last FY averaged $0.2M.
FirstGroup's rule of 40 is 3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
FirstGroup's rule of X is (17%) (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).
FirstGroup Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (13%) | XXX | (13%) | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | (13%) | XXX | (15%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 3% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (17%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 31% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
FirstGroup Public Comps
See public comps and valuation multiples for other Railways comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Newag | XXX | XXX | XXX | XXX | XXX | XXX |
| Nishi-Nippon Railroad | XXX | XXX | XXX | XXX | XXX | XXX |
| Titagarh Rail Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Greenbrier Companies | XXX | XXX | XXX | XXX | XXX | XXX |
| Vossloh | 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.
FirstGroup M&A Activity
FirstGroup acquired XXX companies to date.
Last acquisition by FirstGroup was on XXXXXXXX, XXXXX. FirstGroup acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by FirstGroup
| 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 TrialFirstGroup Investment Activity
FirstGroup invested in XXX companies to date.
FirstGroup made its latest investment on XXXXXXXX, XXXXX. FirstGroup invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by FirstGroup
| 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 FirstGroup
| When was FirstGroup founded? | FirstGroup was founded in 1995. |
| Where is FirstGroup headquartered? | FirstGroup is headquartered in United Kingdom. |
| How many employees does FirstGroup have? | As of today, FirstGroup has over 30K employees. |
| Who is the CEO of FirstGroup? | FirstGroup's CEO is Graham Sutherland. |
| Is FirstGroup publicly listed? | Yes, FirstGroup is a public company listed on London Stock Exchange. |
| What is the stock symbol of FirstGroup? | FirstGroup trades under FGP ticker. |
| When did FirstGroup go public? | FirstGroup went public in 1995. |
| Who are competitors of FirstGroup? | FirstGroup main competitors are Newag, Nishi-Nippon Railroad, Titagarh Rail Systems, Greenbrier Companies. |
| What is the current market cap of FirstGroup? | FirstGroup's current market cap is $1B. |
| What is the current revenue of FirstGroup? | FirstGroup's last 12 months revenue is $6B. |
| What is the current revenue growth of FirstGroup? | FirstGroup revenue growth (NTM/LTM) is (13%). |
| What is the current EV/Revenue multiple of FirstGroup? | Current revenue multiple of FirstGroup is 0.4x. |
| Is FirstGroup profitable? | Yes, FirstGroup is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of FirstGroup? | FirstGroup's last 12 months EBITDA is $971M. |
| What is FirstGroup's EBITDA margin? | FirstGroup's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of FirstGroup? | Current EBITDA multiple of FirstGroup is 2.5x. |
| What is the current FCF of FirstGroup? | FirstGroup's last 12 months FCF is $62M. |
| What is FirstGroup's FCF margin? | FirstGroup's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of FirstGroup? | Current FCF multiple of FirstGroup is 40.2x. |
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