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Forte Valuation Multiples
Discover revenue and EBITDA valuation multiples for Forte and similar public comparables like Spyrosoft, Access, Real Consulting, ISB Corporation and more.
Forte Overview
About Forte
Forte Bilgi Iletisim Teknolojileri Ve Savunma Sanayi AS operates in the fields of system integration and software development. It offers system infrastructure, system integration, software development, consultancy, and Technical Documentation Authoring, Material Coding, and Technical Services.
Founded
2006
HQ

Employees
N/A
Website
Sectors
Financials (FY)
EV
$168M
Forte Financials
Forte reported last fiscal year revenue of $40M and EBITDA of $129K.
In the same fiscal year, Forte generated $7M in gross profit, $129K in EBITDA, and had net loss of ($2M).
Forte P&L
In the most recent fiscal year, Forte reported revenue of $40M and EBITDA of $129K.
Forte expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $40M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $7M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 18% | XXX | XXX | XXX |
| EBITDA | — | XXX | $129K | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 0% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 10% | XXX | XXX | XXX |
| Net Profit | — | XXX | ($2M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (5%) | XXX | XXX | XXX |
| Net Debt | — | — | $4K | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Forte Stock Performance
Forte has current market cap of $141M, and enterprise value of $168M.
Market Cap Evolution
Forte's stock price is $2.11.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $168M | $141M | (0.2%) | XXX | XXX | XXX | $-0.03 |
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Start Free TrialForte Valuation Multiples
Forte trades at 4.2x EV/Revenue multiple, and 1299.4x EV/EBITDA.
Forte Financial Valuation Multiples
As of March 7, 2026, Forte has market cap of $141M and EV of $168M.
Equity research analysts estimate Forte's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Forte has a P/E ratio of (75.7x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $141M | XXX | $141M | XXX | XXX | XXX |
| EV (current) | $168M | XXX | $168M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 4.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 1299.4x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 40.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 22.8x | XXX | XXX | XXX |
| P/E | — | XXX | (75.7x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (59.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Forte 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.


Forte Margins & Growth Rates
Forte's revenue in the last fiscal year grew by 168%.
Forte Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 168% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 0% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (94%) | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Forte Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Spyrosoft | XXX | XXX | XXX | XXX | XXX | XXX |
| Access | XXX | XXX | XXX | XXX | XXX | XXX |
| Real Consulting | XXX | XXX | XXX | XXX | XXX | XXX |
| ISB Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Keyrus | 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.
Forte M&A Activity
Forte acquired XXX companies to date.
Last acquisition by Forte was on XXXXXXXX, XXXXX. Forte acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Forte
| 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 TrialForte Investment Activity
Forte invested in XXX companies to date.
Forte made its latest investment on XXXXXXXX, XXXXX. Forte invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Forte
| 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 Forte
| When was Forte founded? | Forte was founded in 2006. |
| Where is Forte headquartered? | Forte is headquartered in Turkey. |
| Is Forte publicly listed? | Yes, Forte is a public company listed on Borsa Istanbul. |
| What is the stock symbol of Forte? | Forte trades under FORTE ticker. |
| When did Forte go public? | Forte went public in 2023. |
| Who are competitors of Forte? | Forte main competitors are Spyrosoft, Access, Real Consulting, ISB Corporation. |
| What is the current market cap of Forte? | Forte's current market cap is $141M. |
| What is the current revenue of Forte? | Forte's last fiscal year revenue is $40M. |
| What is the current EV/Revenue multiple of Forte? | Current revenue multiple of Forte is 4.2x. |
| Is Forte profitable? | No, Forte is not profitable. |
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