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FWD Group Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for FWD Group Holdings and similar public comparables like Company for Cooperative Insurance, Mercury Insurance, Sunshine Insurance Group, RLI and more.
FWD Group Holdings Overview
About FWD Group Holdings
FWD Group Holdings Ltd is a holding company. The Company and its subsidiaries are principally engaged in the provision of products and services focusing on life insurance, general insurance, and investment services (the Insurance Business). The operating segments of the company are each of the geographical markets in which the Operating Group operates, which are Hong Kong, Thailand, Japan, Emerging Markets & Corporate, and Others.
Founded
2013
HQ
Employees
6.9K
Website
Sectors
Financials (LTM)
EV
$7B
FWD Group Holdings Financials
FWD Group Holdings reported last 12-month revenue of $4B and EBITDA of $645M.
In the same LTM period, FWD Group Holdings generated $645M in EBITDA and $141M in net income.
Revenue (LTM)
FWD Group Holdings P&L
In the most recent fiscal year, FWD Group Holdings reported revenue of $4B and net income of $24M.
FWD Group Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA | $645M | XXX | — | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | — | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | — | XXX | XXX | XXX |
| Net Profit | $141M | XXX | $24M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
FWD Group Holdings Stock Performance
FWD Group Holdings has current market cap of $5B, and enterprise value of $7B.
Market Cap Evolution
FWD Group Holdings' stock price is $4.04.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $5B | -2.9% | XXX | XXX | XXX | $0.02 |
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Start Free TrialFWD Group Holdings Valuation Multiples
FWD Group Holdings trades at 1.9x EV/Revenue multiple, and 10.6x EV/EBITDA.
EV / Revenue (LTM)
FWD Group Holdings Financial Valuation Multiples
As of April 11, 2026, FWD Group Holdings has market cap of $5B and EV of $7B.
Equity research analysts estimate FWD Group Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FWD Group Holdings has a P/E ratio of 36.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 10.6x | XXX | — | XXX | XXX | XXX |
| EV/EBIT | 10.6x | XXX | — | XXX | XXX | XXX |
| P/E | 36.6x | XXX | 214.6x | XXX | XXX | XXX |
| EV/FCF | 47.7x | XXX | 18.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified FWD Group Holdings 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.
FWD Group Holdings Margins & Growth Rates
FWD Group Holdings' revenue in the last 12 month grew by 52%.
FWD Group Holdings' revenue per employee in the last FY averaged $0.6M.
FWD Group Holdings' rule of 40 is 93% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
FWD Group Holdings' rule of X is 211% (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).
FWD Group Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 52% | XXX | (27%) | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | — | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | — | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 93% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 211% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 14% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
FWD Group Holdings Public Comps
See public comps and valuation multiples for other Insurance Carriers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Company for Cooperative Insurance | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercury Insurance | XXX | XXX | XXX | XXX | XXX | XXX |
| Sunshine Insurance Group | XXX | XXX | XXX | XXX | XXX | XXX |
| RLI | XXX | XXX | XXX | XXX | XXX | XXX |
| Selective Insurance | 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.
FWD Group Holdings M&A Activity
FWD Group Holdings acquired XXX companies to date.
Last acquisition by FWD Group Holdings was on XXXXXXXX, XXXXX. FWD Group Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by FWD Group Holdings
| 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 TrialFWD Group Holdings Investment Activity
FWD Group Holdings invested in XXX companies to date.
FWD Group Holdings made its latest investment on XXXXXXXX, XXXXX. FWD Group Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by FWD Group Holdings
| 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 FWD Group Holdings
| When was FWD Group Holdings founded? | FWD Group Holdings was founded in 2013. |
| Where is FWD Group Holdings headquartered? | FWD Group Holdings is headquartered in Hong Kong. |
| How many employees does FWD Group Holdings have? | As of today, FWD Group Holdings has over 6K employees. |
| Is FWD Group Holdings publicly listed? | Yes, FWD Group Holdings is a public company listed on HKEX. |
| What is the stock symbol of FWD Group Holdings? | FWD Group Holdings trades under 01828 ticker. |
| When did FWD Group Holdings go public? | FWD Group Holdings went public in 2025. |
| Who are competitors of FWD Group Holdings? | FWD Group Holdings main competitors are Company for Cooperative Insurance, Mercury Insurance, Sunshine Insurance Group, RLI. |
| What is the current market cap of FWD Group Holdings? | FWD Group Holdings' current market cap is $5B. |
| What is the current revenue of FWD Group Holdings? | FWD Group Holdings' last 12 months revenue is $4B. |
| What is the current revenue growth of FWD Group Holdings? | FWD Group Holdings revenue growth (NTM/LTM) is 52%. |
| What is the current EV/Revenue multiple of FWD Group Holdings? | Current revenue multiple of FWD Group Holdings is 1.9x. |
| Is FWD Group Holdings profitable? | Yes, FWD Group Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of FWD Group Holdings? | FWD Group Holdings' last 12 months EBITDA is $645M. |
| What is FWD Group Holdings' EBITDA margin? | FWD Group Holdings' last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of FWD Group Holdings? | Current EBITDA multiple of FWD Group Holdings is 10.6x. |
| What is the current FCF of FWD Group Holdings? | FWD Group Holdings' last 12 months FCF is $143M. |
| What is FWD Group Holdings' FCF margin? | FWD Group Holdings' last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of FWD Group Holdings? | Current FCF multiple of FWD Group Holdings is 47.7x. |
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