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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

Turkey

Employees

N/A

Financials (FY)

Revenue: $40M
EBITDA: $129K

EV

$168M

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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

See Forte forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
RevenueXXX$40MXXXXXXXXX
Gross ProfitXXX$7MXXXXXXXXX
Gross MarginXXX18%XXXXXXXXX
EBITDAXXX$129KXXXXXXXXX
EBITDA MarginXXX0%XXXXXXXXX
EBIT MarginXXX10%XXXXXXXXX
Net ProfitXXX($2M)XXXXXXXXX
Net MarginXXX(5%)XXXXXXXXX
Net Debt$4KXXXXXXXXX

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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.

See Forte trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$168M$141M(0.2%)XXXXXXXXX$-0.03

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Forte Valuation Multiples

Forte trades at 4.2x EV/Revenue multiple, and 1299.4x EV/EBITDA.

See valuation multiples for Forte and 15K+ public comps

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).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$141MXXX$141MXXXXXXXXX
EV (current)$168MXXX$168MXXXXXXXXX
EV/RevenueXXX4.2xXXXXXXXXX
EV/EBITDAXXX1299.4xXXXXXXXXX
EV/EBITXXX40.6xXXXXXXXXX
EV/Gross ProfitXXX22.8xXXXXXXXXX
P/EXXX(75.7x)XXXXXXXXX
EV/FCFXXX(59.4x)XXXXXXXXX

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.

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Forte Margins & Growth Rates

Forte's revenue in the last fiscal year grew by 168%.

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Forte Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue GrowthXXX168%XXXXXXXXX
EBITDA MarginXXX0%XXXXXXXXX
EBITDA GrowthXXX(94%)XXXXXXXXX
S&M Expenses to RevenueXXX1%XXXXXXXXX
G&A Expenses to RevenueXXX1%XXXXXXXXX
R&D Expenses to RevenueXXX1%XXXXXXXXX
Opex to RevenueXXX8%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Forte Public Comps

See public comps and valuation multiples for other IT Consulting comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
SpyrosoftXXXXXXXXXXXXXXXXXX
AccessXXXXXXXXXXXXXXXXXX
Real ConsultingXXXXXXXXXXXXXXXXXX
ISB CorporationXXXXXXXXXXXXXXXXXX
KeyrusXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

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).

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Latest Acquisitions by Forte

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Forte 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).

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Latest Investments by Forte

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About 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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