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Fjord Defence Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fjord Defence Group
Fjord Defence Group Overview
About Fjord Defence Group
Fjord Defence Group ASA is a Norwegian defence compounder engaged in acquiring and growing small to mid-sized profitable defence tech companies. The company is building a portfolio of fast-growing, profitable companies to capitalise on a multi-decade upcycle in defense spending.
Founded
2016
HQ

Employees
3
Website
Financials (LTM)
EV
$157M
Valuation Multiples
Start free trialFjord Defence Group Financials
Fjord Defence Group reported last 12-month revenue of $31M and EBITDA of $7M.
In the same LTM period, Fjord Defence Group generated $7M in EBITDA and had net loss of ($6M).
Fjord Defence Group P&L
In the most recent fiscal year, Fjord Defence Group reported revenue of $28M and EBITDA of $6M.
Fjord Defence Group is unprofitable as of last fiscal year, with gross margin of (19%), EBITDA margin of 23%, and net margin of (29%).
Financial data powered by Morningstar, Inc.
Fjord Defence Group Stock Performance
Fjord Defence Group has current market cap of $144M, and enterprise value of $157M.
Fjord Defence Group's stock price is $2.12.
Fjord Defence Group has an EPS (earnings per share) of $-0.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $157M | $144M | -3.1% | - | - | - | $-0.12 |
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Start Free TrialFjord Defence Group Valuation Multiples
Fjord Defence Group trades at 5.1x EV/Revenue multiple, and 21.6x EV/EBITDA.
Fjord Defence Group Financial Valuation Multiples
As of May 30, 2026, Fjord Defence Group has market cap of $144M and EV of $157M.
Fjord Defence Group has a P/E ratio of (22.3x).
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fjord Defence Group 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.


Fjord Defence Group Margins & Growth Rates
Fjord Defence Group grew revenue by 29% and EBITDA by 38% in the last fiscal year.
In the most recent fiscal year, Fjord Defence Group reported gross margin of (19%), EBITDA margin of 23%, and net margin of (29%).
Fjord Defence Group Margins
Fjord Defence Group Growth Rates
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Fjord Defence Group Operational KPIs
Fjord Defence Group's revenue per employee in the last FY averaged $9.3M, while opex per employee averaged $1.8M for the same period.
Fjord Defence Group's Rule of 40 is 486% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fjord Defence Group's Rule of X is 1178% (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).
Data powered by FactSet, Inc. and Morningstar, Inc.
Fjord Defence Group Competitors
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
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Fjord Defence Group M&A Activity
Fjord Defence Group has acquired 1 company to date.
Last acquisition by Fjord Defence Group was on May 19th 2026. Fjord Defence Group acquired Frydenbø Milpro for $18M (EV/Revenue multiple of ).
Latest Acquisitions by Fjord Defence Group
| Description | Frydenbø Milpro is a provider of inflatable boats and RIBs for professional users in defence and law enforcement, along with related accessories and custom solutions. |
| HQ Country | |
| HQ City | Bergen |
| Deal Date | 19 May 2026 |
| Valuation | $18M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fjord Defence Group acquisitions and their M&A valuation multiples. Start Free Trial | |
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Start Free TrialAbout Fjord Defence Group
| When was Fjord Defence Group founded? | Fjord Defence Group was founded in 2016. |
| Where is Fjord Defence Group headquartered? | Fjord Defence Group is headquartered in Norway. |
| How many employees does Fjord Defence Group have? | As of today, Fjord Defence Group has over 3 employees. |
| Is Fjord Defence Group publicly listed? | Yes, Fjord Defence Group is a public company listed on Oslo Børs. |
| What is the stock symbol of Fjord Defence Group? | Fjord Defence Group trades under DFENS ticker. |
| When did Fjord Defence Group go public? | Fjord Defence Group went public in 2016. |
| Who are competitors of Fjord Defence Group? | Fjord Defence Group main competitors include |
| What is the current market cap of Fjord Defence Group? | Fjord Defence Group's current market cap is $144M. |
| What is the current revenue of Fjord Defence Group? | Fjord Defence Group's last 12 months revenue is $31M. |
| What is the current revenue growth of Fjord Defence Group? | Fjord Defence Group revenue growth (NTM/LTM) is 39%. |
| What is the current EV/Revenue multiple of Fjord Defence Group? | Current revenue multiple of Fjord Defence Group is 5.1x. |
| What is the current EBITDA of Fjord Defence Group? | Fjord Defence Group's last 12 months EBITDA is $7M. |
| What is Fjord Defence Group's EBITDA margin? | Fjord Defence Group's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Fjord Defence Group? | Current EBITDA multiple of Fjord Defence Group is 21.6x. |
| How many companies Fjord Defence Group has acquired to date? | As of May 2026, Fjord Defence Group has acquired 1 company. |
| What was the largest acquisition by Fjord Defence Group? | $18M acquisition of Frydenbø Milpro on 19th May 2026 was the largest M&A Fjord Defence Group has done to date. |
| What companies Fjord Defence Group acquired? | Fjord Defence Group acquired Frydenbø Milpro. |
| In how many companies Fjord Defence Group has invested to date? | Fjord Defence Group hasn't invested in any companies yet (or none have been disclosed publicly). |
Lists including Fjord Defence Group
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