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GEM Valuation Multiples
Discover revenue and EBITDA valuation multiples for GEM and similar public comparables like Weiming Group, Zurn Elkay, Grupo FCC, Kurita Water and more.
GEM Overview
About GEM
GEM Co Ltd is engaged in Waste battery recycling and power battery material manufacturing business, cobalt, nickel, and tungsten recycling and cemented carbide manufacturing business, renewable resources business, and environmental management business.
Founded
2001
HQ
Employees
11.3K
Website
Financials (LTM)
EV
$11B
GEM Financials
GEM reported last 12-month revenue of $6B and EBITDA of $791M.
In the same LTM period, GEM generated $791M in EBITDA and $235M in net income.
Revenue (LTM)
GEM P&L
In the most recent fiscal year, GEM reported revenue of $5B and EBITDA of $607M.
GEM expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $739M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 15% | XXX | XXX | XXX |
| EBITDA | $791M | XXX | $607M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $235M | XXX | $149M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
GEM Stock Performance
GEM has current market cap of $7B, and enterprise value of $11B.
Market Cap Evolution
GEM's stock price is $1.44.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $7B | 0.0% | XXX | XXX | XXX | $0.03 |
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Start Free TrialGEM Valuation Multiples
GEM trades at 2.0x EV/Revenue multiple, and 13.9x EV/EBITDA.
EV / Revenue (LTM)
GEM Financial Valuation Multiples
As of March 15, 2026, GEM has market cap of $7B and EV of $11B.
Equity research analysts estimate GEM's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
GEM has a P/E ratio of 31.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 13.9x | XXX | 18.1x | XXX | XXX | XXX |
| EV/EBIT | 26.3x | XXX | 23.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 14.9x | XXX | XXX | XXX |
| P/E | 31.3x | XXX | 49.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (9.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified GEM 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.
GEM Margins & Growth Rates
GEM's revenue in the last 12 month grew by 18%.
GEM's revenue per employee in the last FY averaged $0.5M.
GEM's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
GEM's rule of X is 58% (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).
GEM Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | 25% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 58% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
GEM Public Comps
See public comps and valuation multiples for other Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Weiming Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Zurn Elkay | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo FCC | XXX | XXX | XXX | XXX | XXX | XXX |
| Kurita Water | XXX | XXX | XXX | XXX | XXX | XXX |
| Canmax Technologies | 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.
GEM M&A Activity
GEM acquired XXX companies to date.
Last acquisition by GEM was on XXXXXXXX, XXXXX. GEM acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by GEM
| 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 TrialGEM Investment Activity
GEM invested in XXX companies to date.
GEM made its latest investment on XXXXXXXX, XXXXX. GEM invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by GEM
| 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 GEM
| When was GEM founded? | GEM was founded in 2001. |
| Where is GEM headquartered? | GEM is headquartered in China. |
| How many employees does GEM have? | As of today, GEM has over 11K employees. |
| Is GEM publicly listed? | Yes, GEM is a public company listed on Shenzhen Stock Exchange. |
| What is the stock symbol of GEM? | GEM trades under 002340 ticker. |
| When did GEM go public? | GEM went public in 2010. |
| Who are competitors of GEM? | GEM main competitors are Weiming Group, Zurn Elkay, Grupo FCC, Kurita Water. |
| What is the current market cap of GEM? | GEM's current market cap is $7B. |
| What is the current revenue of GEM? | GEM's last 12 months revenue is $6B. |
| What is the current revenue growth of GEM? | GEM revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of GEM? | Current revenue multiple of GEM is 2.0x. |
| Is GEM profitable? | Yes, GEM is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of GEM? | GEM's last 12 months EBITDA is $791M. |
| What is GEM's EBITDA margin? | GEM's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of GEM? | Current EBITDA multiple of GEM is 13.9x. |
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