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Gapwaves Valuation Multiples
Discover revenue and EBITDA valuation multiples for Gapwaves and similar public comparables like BeammWave, Franklin Wireless, TagMaster, 3ALogics and more.
Gapwaves Overview
About Gapwaves
Gapwaves AB provides products and services for wireless communication through the patented GAP waveguide technology, it will automotive and telecom to create efficient mm-wave antenna systems that contribute to re-defining everyday life. It focuses currently on two markets; waveguide antennas for radar and wireless communication. It has a geographic presence in Sweden, the EU, and the rest of the world.
Founded
2011
HQ
Employees
44
Website
Sectors
Financials (LTM)
EV
$39M
Gapwaves Financials
Gapwaves reported last 12-month revenue of $11M and negative EBITDA of ($4M).
In the same LTM period, Gapwaves generated $5M in gross profit, ($4M) in EBITDA losses, and had net loss of ($6M).
Revenue (LTM)
Gapwaves P&L
In the most recent fiscal year, Gapwaves reported revenue of $10M and EBITDA of ($5M).
Gapwaves expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11M | XXX | $10M | XXX | XXX | XXX |
| Gross Profit | $5M | XXX | $5M | XXX | XXX | XXX |
| Gross Margin | 49% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | ($4M) | XXX | ($5M) | XXX | XXX | XXX |
| EBITDA Margin | (42%) | XXX | (53%) | XXX | XXX | XXX |
| EBIT Margin | (54%) | XXX | (45%) | XXX | XXX | XXX |
| Net Profit | ($6M) | XXX | ($6M) | XXX | XXX | XXX |
| Net Margin | (52%) | XXX | (63%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Gapwaves Stock Performance
Gapwaves has current market cap of $47M, and enterprise value of $39M.
Market Cap Evolution
Gapwaves' stock price is $1.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39M | $47M | 0.3% | XXX | XXX | XXX | $-0.17 |
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Start Free TrialGapwaves Valuation Multiples
Gapwaves trades at 3.6x EV/Revenue multiple, and (8.7x) EV/EBITDA.
EV / Revenue (LTM)
Gapwaves Financial Valuation Multiples
As of April 20, 2026, Gapwaves has market cap of $47M and EV of $39M.
Equity research analysts estimate Gapwaves' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Gapwaves has a P/E ratio of (8.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $47M | XXX | $47M | XXX | XXX | XXX |
| EV (current) | $39M | XXX | $39M | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.9x | XXX | XXX | XXX |
| EV/EBITDA | (8.7x) | XXX | (7.2x) | XXX | XXX | XXX |
| EV/EBIT | (6.7x) | XXX | (8.5x) | XXX | XXX | XXX |
| EV/Gross Profit | 7.3x | XXX | 8.1x | XXX | XXX | XXX |
| P/E | (8.4x) | XXX | (7.3x) | XXX | XXX | XXX |
| EV/FCF | (9.9x) | XXX | (10.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Gapwaves 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.
Gapwaves Margins & Growth Rates
Gapwaves' revenue in the last 12 month grew by 34%.
Gapwaves' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Gapwaves' rule of 40 is 4% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Gapwaves' rule of X is 40% (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).
Gapwaves Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 34% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | (42%) | XXX | (53%) | XXX | XXX | XXX |
| EBITDA Growth | (69%) | XXX | (55%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 4% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 92% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Gapwaves Public Comps
See public comps and valuation multiples for other Networking Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Gapwaves | XXX | XXX | XXX | XXX | XXX | XXX |
| BeammWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Franklin Wireless | XXX | XXX | XXX | XXX | XXX | XXX |
| TagMaster | XXX | XXX | XXX | XXX | XXX | XXX |
| 3ALogics | XXX | XXX | XXX | XXX | XXX | XXX |
| Waystream Group | 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.
Gapwaves M&A Activity
Gapwaves acquired XXX companies to date.
Last acquisition by Gapwaves was on XXXXXXXX, XXXXX. Gapwaves acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Gapwaves
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialGapwaves Investment Activity
Gapwaves invested in XXX companies to date.
Gapwaves made its latest investment on XXXXXXXX, XXXXX. Gapwaves invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Gapwaves
| 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 Gapwaves
| When was Gapwaves founded? | Gapwaves was founded in 2011. |
| Where is Gapwaves headquartered? | Gapwaves is headquartered in Sweden. |
| How many employees does Gapwaves have? | As of today, Gapwaves has over 44 employees. |
| Is Gapwaves publicly listed? | Yes, Gapwaves is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Gapwaves? | Gapwaves trades under GAPW B ticker. |
| When did Gapwaves go public? | Gapwaves went public in 2016. |
| Who are competitors of Gapwaves? | Gapwaves main competitors are BeammWave, Franklin Wireless, TagMaster, 3ALogics. |
| What is the current market cap of Gapwaves? | Gapwaves' current market cap is $47M. |
| What is the current revenue of Gapwaves? | Gapwaves' last 12 months revenue is $11M. |
| What is the current revenue growth of Gapwaves? | Gapwaves revenue growth (NTM/LTM) is 34%. |
| What is the current EV/Revenue multiple of Gapwaves? | Current revenue multiple of Gapwaves is 3.6x. |
| Is Gapwaves profitable? | No, Gapwaves is not profitable. |
| What is the current EBITDA of Gapwaves? | Gapwaves has negative EBITDA and is not profitable. |
| What is Gapwaves' EBITDA margin? | Gapwaves' last 12 months EBITDA margin is (42%). |
| What is the current EV/EBITDA multiple of Gapwaves? | Current EBITDA multiple of Gapwaves is (8.7x). |
| What is the current FCF of Gapwaves? | Gapwaves' last 12 months FCF is ($4M). |
| What is Gapwaves' FCF margin? | Gapwaves' last 12 months FCF margin is (37%). |
| What is the current EV/FCF multiple of Gapwaves? | Current FCF multiple of Gapwaves is (9.9x). |
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