🚀 VC round data is live in beta, check it out!
GDS Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for GDS Holdings and similar public comparables like Lumen, DigitalOcean, Applied Digital, Persistent Systems and more.
GDS Holdings Overview
About GDS Holdings
GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia via the now 38% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
Founded
2006
HQ
Employees
2.3K
Website
Financials (LTM)
EV
$14B
GDS Holdings Financials
GDS Holdings reported last 12-month revenue of $2B and EBITDA of $800M.
In the same LTM period, GDS Holdings generated $439M in gross profit, $800M in EBITDA, and $128M in net income.
Revenue (LTM)
GDS Holdings P&L
In the most recent fiscal year, GDS Holdings reported revenue of $2B and EBITDA of $684M.
GDS Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $439M | XXX | $326M | XXX | XXX | XXX |
| Gross Margin | 26% | XXX | 22% | XXX | XXX | XXX |
| EBITDA | $800M | XXX | $684M | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 45% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $128M | XXX | $502M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 33% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
GDS Holdings Stock Performance
GDS Holdings has current market cap of $9B, and enterprise value of $14B.
Market Cap Evolution
GDS Holdings' stock price is $5.45.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14B | $9B | 0.0% | XXX | XXX | XXX | $0.31 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialGDS Holdings Valuation Multiples
GDS Holdings trades at 8.0x EV/Revenue multiple, and 17.2x EV/EBITDA.
EV / Revenue (LTM)
GDS Holdings Financial Valuation Multiples
As of April 19, 2026, GDS Holdings has market cap of $9B and EV of $14B.
Equity research analysts estimate GDS Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
GDS Holdings has a P/E ratio of 68.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV/Revenue | 8.0x | XXX | 9.1x | XXX | XXX | XXX |
| EV/EBITDA | 17.2x | XXX | 20.2x | XXX | XXX | XXX |
| EV/EBIT | 189.3x | XXX | 79.7x | XXX | XXX | XXX |
| EV/Gross Profit | 31.4x | XXX | 42.3x | XXX | XXX | XXX |
| P/E | 68.1x | XXX | 17.4x | XXX | XXX | XXX |
| EV/FCF | (53.1x) | XXX | (71.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified GDS 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.
GDS Holdings Margins & Growth Rates
GDS Holdings' revenue in the last 12 month grew by 12%.
GDS Holdings' revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.
GDS Holdings' rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
GDS Holdings' rule of X is 72% (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).
GDS Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 45% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 15% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 56% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
GDS Holdings Public Comps
See public comps and valuation multiples for other IT Consulting and Data Centers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| GDS Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Lumen | XXX | XXX | XXX | XXX | XXX | XXX |
| DigitalOcean | XXX | XXX | XXX | XXX | XXX | XXX |
| Applied Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Persistent Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| D-Wave Quantum | 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.
GDS Holdings M&A Activity
GDS Holdings acquired XXX companies to date.
Last acquisition by GDS Holdings was on XXXXXXXX, XXXXX. GDS Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by GDS 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialGDS Holdings Investment Activity
GDS Holdings invested in XXX companies to date.
GDS Holdings made its latest investment on XXXXXXXX, XXXXX. GDS Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by GDS 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout GDS Holdings
| When was GDS Holdings founded? | GDS Holdings was founded in 2006. |
| Where is GDS Holdings headquartered? | GDS Holdings is headquartered in China. |
| How many employees does GDS Holdings have? | As of today, GDS Holdings has over 2K employees. |
| Who is the CEO of GDS Holdings? | GDS Holdings' CEO is Wei William Huang. |
| Is GDS Holdings publicly listed? | Yes, GDS Holdings is a public company listed on HKEX. |
| What is the stock symbol of GDS Holdings? | GDS Holdings trades under 09698 ticker. |
| When did GDS Holdings go public? | GDS Holdings went public in 2020. |
| Who are competitors of GDS Holdings? | GDS Holdings main competitors are Lumen, DigitalOcean, Applied Digital, Persistent Systems. |
| What is the current market cap of GDS Holdings? | GDS Holdings' current market cap is $9B. |
| What is the current revenue of GDS Holdings? | GDS Holdings' last 12 months revenue is $2B. |
| What is the current revenue growth of GDS Holdings? | GDS Holdings revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of GDS Holdings? | Current revenue multiple of GDS Holdings is 8.0x. |
| Is GDS Holdings profitable? | Yes, GDS Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of GDS Holdings? | GDS Holdings' last 12 months EBITDA is $800M. |
| What is GDS Holdings' EBITDA margin? | GDS Holdings' last 12 months EBITDA margin is 47%. |
| What is the current EV/EBITDA multiple of GDS Holdings? | Current EBITDA multiple of GDS Holdings is 17.2x. |
| What is the current FCF of GDS Holdings? | GDS Holdings' last 12 months FCF is ($260M). |
| What is GDS Holdings' FCF margin? | GDS Holdings' last 12 months FCF margin is (15%). |
| What is the current EV/FCF multiple of GDS Holdings? | Current FCF multiple of GDS Holdings is (53.1x). |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.