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Formpipe Software Valuation Multiples
Discover revenue and EBITDA valuation multiples for Formpipe Software and similar public comparables like CSU Digital, Fortifai, Beeks Group, WonderFi and more.
Formpipe Software Overview
About Formpipe Software
Formpipe Software AB is a Swedish software company within the Content Services market. The business relies on two cornerstones with strong offerings to customers in both the public and private sectors. With the mission to build valuable relationship between data and people, the company is providing Software as a Service (SaaS), specializing in customer communication, cases and documents, and the automation of information-intense business processes. Formpipe has offices in Sweden, Denmark, the UK, the U.S. and Germany.
Founded
2004
HQ

Employees
245
Website
Financials (LTM)
EV
$49M
Formpipe Software Financials
Formpipe Software reported last 12-month revenue of $33M and EBITDA of $4M.
In the same LTM period, Formpipe Software generated $27M in gross profit, $4M in EBITDA, and had net loss of ($1M).
Revenue (LTM)
Formpipe Software P&L
In the most recent fiscal year, Formpipe Software reported revenue of $36M and EBITDA of $3M.
Formpipe Software expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $33M | XXX | $36M | XXX | XXX | XXX |
| Gross Profit | $27M | XXX | $16M | XXX | XXX | XXX |
| Gross Margin | 83% | XXX | 45% | XXX | XXX | XXX |
| EBITDA | $4M | XXX | $3M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | ($1M) | XXX | $54M | XXX | XXX | XXX |
| Net Margin | (3%) | XXX | 152% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Formpipe Software Stock Performance
Formpipe Software has current market cap of $138M, and enterprise value of $49M.
Market Cap Evolution
Formpipe Software's stock price is $2.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $49M | $138M | 0.3% | XXX | XXX | XXX | $1.00 |
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Start Free TrialFormpipe Software Valuation Multiples
Formpipe Software trades at 1.5x EV/Revenue multiple, and 13.0x EV/EBITDA.
EV / Revenue (LTM)
Formpipe Software Financial Valuation Multiples
As of April 19, 2026, Formpipe Software has market cap of $138M and EV of $49M.
Equity research analysts estimate Formpipe Software's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Formpipe Software has a P/E ratio of (131.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $138M | XXX | $138M | XXX | XXX | XXX |
| EV (current) | $49M | XXX | $49M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 13.0x | XXX | 16.1x | XXX | XXX | XXX |
| EV/EBIT | 46.3x | XXX | 30.8x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | 3.0x | XXX | XXX | XXX |
| P/E | (131.9x) | XXX | 2.6x | XXX | XXX | XXX |
| EV/FCF | 0.7x | XXX | 0.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Formpipe Software 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.


Formpipe Software Margins & Growth Rates
Formpipe Software's revenue in the last 12 month declined by (16%).
Formpipe Software's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Formpipe Software's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Formpipe Software's rule of X is 22% (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).
Formpipe Software Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (16%) | XXX | (25%) | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | 53% | XXX | 79% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 21% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Formpipe Software Public Comps
See public comps and valuation multiples for other ERP Software and Financial Services Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Formpipe Software | XXX | XXX | XXX | XXX | XXX | XXX |
| CSU Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortifai | XXX | XXX | XXX | XXX | XXX | XXX |
| Beeks Group | XXX | XXX | XXX | XXX | XXX | XXX |
| WonderFi | XXX | XXX | XXX | XXX | XXX | XXX |
| Intelligent Wave | 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.
Formpipe Software M&A Activity
Formpipe Software acquired XXX companies to date.
Last acquisition by Formpipe Software was on XXXXXXXX, XXXXX. Formpipe Software acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Formpipe Software
| 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 TrialFormpipe Software Investment Activity
Formpipe Software invested in XXX companies to date.
Formpipe Software made its latest investment on XXXXXXXX, XXXXX. Formpipe Software invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Formpipe Software
| 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 Formpipe Software
| When was Formpipe Software founded? | Formpipe Software was founded in 2004. |
| Where is Formpipe Software headquartered? | Formpipe Software is headquartered in Sweden. |
| How many employees does Formpipe Software have? | As of today, Formpipe Software has over 245 employees. |
| Who is the CEO of Formpipe Software? | Formpipe Software's CEO is Magnus Svenningson. |
| Is Formpipe Software publicly listed? | Yes, Formpipe Software is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Formpipe Software? | Formpipe Software trades under FPIP ticker. |
| When did Formpipe Software go public? | Formpipe Software went public in 2005. |
| Who are competitors of Formpipe Software? | Formpipe Software main competitors are CSU Digital, Fortifai, Beeks Group, WonderFi. |
| What is the current market cap of Formpipe Software? | Formpipe Software's current market cap is $138M. |
| What is the current revenue of Formpipe Software? | Formpipe Software's last 12 months revenue is $33M. |
| What is the current revenue growth of Formpipe Software? | Formpipe Software revenue growth (NTM/LTM) is (16%). |
| What is the current EV/Revenue multiple of Formpipe Software? | Current revenue multiple of Formpipe Software is 1.5x. |
| Is Formpipe Software profitable? | Yes, Formpipe Software is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Formpipe Software? | Formpipe Software's last 12 months EBITDA is $4M. |
| What is Formpipe Software's EBITDA margin? | Formpipe Software's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Formpipe Software? | Current EBITDA multiple of Formpipe Software is 13.0x. |
| What is the current FCF of Formpipe Software? | Formpipe Software's last 12 months FCF is $66M. |
| What is Formpipe Software's FCF margin? | Formpipe Software's last 12 months FCF margin is 200%. |
| What is the current EV/FCF multiple of Formpipe Software? | Current FCF multiple of Formpipe Software is 0.7x. |
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