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Frontline Valuation Multiples
Discover revenue and EBITDA valuation multiples for Frontline and similar public comparables like Grupo EnergĂa Bogotá, Noble Corp, Forgent Power Solutions, Capital Power and more.
Frontline Overview
About Frontline
Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.
Founded
1992
HQ
Employees
87
Website
Financials (LTM)
EV
$11B
Frontline Financials
Frontline reported last 12-month revenue of $1B and EBITDA of $1B.
In the same LTM period, Frontline generated $1B in gross profit, $1B in EBITDA, and $644M in net income.
Revenue (LTM)
Frontline P&L
In the most recent fiscal year, Frontline reported revenue of $2B and EBITDA of $945M.
Frontline expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $644M | XXX | XXX | XXX |
| Gross Margin | 83% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $945M | XXX | XXX | XXX |
| EBITDA Margin | 81% | XXX | 48% | XXX | XXX | XXX |
| EBIT Margin | 58% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $644M | XXX | $379M | XXX | XXX | XXX |
| Net Margin | 46% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Frontline Stock Performance
Frontline has current market cap of $8B, and enterprise value of $11B.
Market Cap Evolution
Frontline's stock price is $35.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $8B | -1.0% | XXX | XXX | XXX | $1.70 |
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Start Free TrialFrontline Valuation Multiples
Frontline trades at 7.5x EV/Revenue multiple, and 9.4x EV/EBITDA.
EV / Revenue (LTM)
Frontline Financial Valuation Multiples
As of April 17, 2026, Frontline has market cap of $8B and EV of $11B.
Equity research analysts estimate Frontline's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Frontline has a P/E ratio of 12.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 7.5x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBITDA | 9.4x | XXX | 11.3x | XXX | XXX | XXX |
| EV/EBIT | 13.1x | XXX | 17.7x | XXX | XXX | XXX |
| EV/Gross Profit | 9.1x | XXX | 16.5x | XXX | XXX | XXX |
| P/E | 12.2x | XXX | 20.6x | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | 14.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Frontline 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.
Frontline Margins & Growth Rates
Frontline's revenue in the last 12 month grew by 26%.
Frontline's revenue per employee in the last FY averaged $22.6M, while opex per employee averaged $0.6M for the same period.
Frontline's rule of 40 is 83% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Frontline's rule of X is 81% (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).
Frontline Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 26% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 81% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Growth | 31% | XXX | 74% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 83% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 81% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $22.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Frontline Public Comps
See public comps and valuation multiples for other Energy Infrastructure and Energy Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Frontline | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo EnergĂa Bogotá | XXX | XXX | XXX | XXX | XXX | XXX |
| Noble Corp | XXX | XXX | XXX | XXX | XXX | XXX |
| Forgent Power Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Capital Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Oil India | 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.
Frontline M&A Activity
Frontline acquired XXX companies to date.
Last acquisition by Frontline was on XXXXXXXX, XXXXX. Frontline acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Frontline
| 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 TrialFrontline Investment Activity
Frontline invested in XXX companies to date.
Frontline made its latest investment on XXXXXXXX, XXXXX. Frontline invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Frontline
| 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 Frontline
| When was Frontline founded? | Frontline was founded in 1992. |
| Where is Frontline headquartered? | Frontline is headquartered in United States. |
| How many employees does Frontline have? | As of today, Frontline has over 87 employees. |
| Who is the CEO of Frontline? | Frontline's CEO is Lars H. Barstad. |
| Is Frontline publicly listed? | Yes, Frontline is a public company listed on NYSE. |
| What is the stock symbol of Frontline? | Frontline trades under FRO ticker. |
| When did Frontline go public? | Frontline went public in 2001. |
| Who are competitors of Frontline? | Frontline main competitors are Grupo EnergĂa Bogotá, Noble Corp, Forgent Power Solutions, Capital Power. |
| What is the current market cap of Frontline? | Frontline's current market cap is $8B. |
| What is the current revenue of Frontline? | Frontline's last 12 months revenue is $1B. |
| What is the current revenue growth of Frontline? | Frontline revenue growth (NTM/LTM) is 26%. |
| What is the current EV/Revenue multiple of Frontline? | Current revenue multiple of Frontline is 7.5x. |
| Is Frontline profitable? | Yes, Frontline is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Frontline? | Frontline's last 12 months EBITDA is $1B. |
| What is Frontline's EBITDA margin? | Frontline's last 12 months EBITDA margin is 81%. |
| What is the current EV/EBITDA multiple of Frontline? | Current EBITDA multiple of Frontline is 9.4x. |
| What is the current FCF of Frontline? | Frontline's last 12 months FCF is $870M. |
| What is Frontline's FCF margin? | Frontline's last 12 months FCF margin is 62%. |
| What is the current EV/FCF multiple of Frontline? | Current FCF multiple of Frontline is 12.2x. |
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