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- Gudang Garam
Gudang Garam Valuation Multiples
Discover revenue and EBITDA valuation multiples for Gudang Garam and similar public comparables like Turning Point Brands, Karelia Tobacco, Universal Corp., Pakistan Tobacco and more.
Gudang Garam Overview
About Gudang Garam
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of its revenue from sale of Cigarettes.
Founded
1971
HQ

Employees
30.3K
Website
Sectors
Financials (LTM)
EV
$1B
Gudang Garam Financials
Gudang Garam reported last 12-month revenue of $5B and EBITDA of $317M.
In the same LTM period, Gudang Garam generated $522M in gross profit, $317M in EBITDA, and $111M in net income.
Revenue (LTM)
Gudang Garam P&L
In the most recent fiscal year, Gudang Garam reported revenue of $5B and EBITDA of $304M.
Gudang Garam expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $522M | XXX | $525M | XXX | XXX | XXX |
| Gross Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA | $317M | XXX | $304M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $111M | XXX | $92M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Gudang Garam Stock Performance
Gudang Garam has current market cap of $2B, and enterprise value of $1B.
Market Cap Evolution
Gudang Garam's stock price is $0.85.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $2B | 0.0% | XXX | XXX | XXX | $0.05 |
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Start Free TrialGudang Garam Valuation Multiples
Gudang Garam trades at 0.3x EV/Revenue multiple, and 4.6x EV/EBITDA.
EV / Revenue (LTM)
Gudang Garam Financial Valuation Multiples
As of April 20, 2026, Gudang Garam has market cap of $2B and EV of $1B.
Equity research analysts estimate Gudang Garam's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Gudang Garam has a P/E ratio of 14.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 4.6x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 9.3x | XXX | 8.9x | XXX | XXX | XXX |
| EV/Gross Profit | 2.8x | XXX | 2.8x | XXX | XXX | XXX |
| P/E | 14.8x | XXX | 17.9x | XXX | XXX | XXX |
| EV/FCF | 5.8x | XXX | 2.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Gudang Garam 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.


Gudang Garam Margins & Growth Rates
Gudang Garam's revenue in the last 12 month grew by 4%.
Gudang Garam's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Gudang Garam's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Gudang Garam's rule of X is 15% (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).
Gudang Garam Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 15% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 15% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Gudang Garam Public Comps
See public comps and valuation multiples for other Tobacco comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Gudang Garam | XXX | XXX | XXX | XXX | XXX | XXX |
| Turning Point Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Karelia Tobacco | XXX | XXX | XXX | XXX | XXX | XXX |
| Universal Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Pakistan Tobacco | XXX | XXX | XXX | XXX | XXX | XXX |
| Ceylon Tobacco Company | 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.
Gudang Garam M&A Activity
Gudang Garam acquired XXX companies to date.
Last acquisition by Gudang Garam was on XXXXXXXX, XXXXX. Gudang Garam acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Gudang Garam
| 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 TrialGudang Garam Investment Activity
Gudang Garam invested in XXX companies to date.
Gudang Garam made its latest investment on XXXXXXXX, XXXXX. Gudang Garam invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Gudang Garam
| 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 Gudang Garam
| When was Gudang Garam founded? | Gudang Garam was founded in 1971. |
| Where is Gudang Garam headquartered? | Gudang Garam is headquartered in Indonesia. |
| How many employees does Gudang Garam have? | As of today, Gudang Garam has over 30K employees. |
| Is Gudang Garam publicly listed? | Yes, Gudang Garam is a public company listed on Indonesia Stock Exchange. |
| What is the stock symbol of Gudang Garam? | Gudang Garam trades under GGRM ticker. |
| When did Gudang Garam go public? | Gudang Garam went public in 1990. |
| Who are competitors of Gudang Garam? | Gudang Garam main competitors are Turning Point Brands, Karelia Tobacco, Universal Corp., Pakistan Tobacco. |
| What is the current market cap of Gudang Garam? | Gudang Garam's current market cap is $2B. |
| What is the current revenue of Gudang Garam? | Gudang Garam's last 12 months revenue is $5B. |
| What is the current revenue growth of Gudang Garam? | Gudang Garam revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Gudang Garam? | Current revenue multiple of Gudang Garam is 0.3x. |
| Is Gudang Garam profitable? | Yes, Gudang Garam is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Gudang Garam? | Gudang Garam's last 12 months EBITDA is $317M. |
| What is Gudang Garam's EBITDA margin? | Gudang Garam's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Gudang Garam? | Current EBITDA multiple of Gudang Garam is 4.6x. |
| What is the current FCF of Gudang Garam? | Gudang Garam's last 12 months FCF is $253M. |
| What is Gudang Garam's FCF margin? | Gudang Garam's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Gudang Garam? | Current FCF multiple of Gudang Garam is 5.8x. |
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