🚀 VC round data is live in beta, check it out!
Gulf Development Valuation Multiples
Discover revenue and EBITDA valuation multiples for Gulf Development and similar public comparables like IndianOil, China National Nuclear Corporation, Venture Global, Devon Energy and more.
Gulf Development Overview
About Gulf Development
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
Founded
2011
HQ
Employees
1.3K
Website
Financials (LTM)
EV
$37B
Gulf Development Financials
Gulf Development reported last 12-month revenue of $4B and EBITDA of $661M.
In the same LTM period, Gulf Development generated $920M in gross profit, $661M in EBITDA, and $2B in net income.
Revenue (LTM)
Gulf Development P&L
In the most recent fiscal year, Gulf Development reported revenue of $4B and EBITDA of $1B.
Gulf Development 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 |
| Gross Profit | $920M | XXX | $723M | XXX | XXX | XXX |
| Gross Margin | 23% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $661M | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 33% | XXX | XXX | XXX |
| EBIT Margin | 19% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $553M | XXX | XXX | XXX |
| Net Margin | 56% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | — | — | $9B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Gulf Development Stock Performance
Gulf Development has current market cap of $27B, and enterprise value of $37B.
Market Cap Evolution
Gulf Development's stock price is $1.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $37B | $27B | 0.3% | XXX | XXX | XXX | $0.04 |
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 TrialGulf Development Valuation Multiples
Gulf Development trades at 9.0x EV/Revenue multiple, and 55.4x EV/EBITDA.
EV / Revenue (LTM)
Gulf Development Financial Valuation Multiples
As of April 2, 2026, Gulf Development has market cap of $27B and EV of $37B.
Equity research analysts estimate Gulf Development's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Gulf Development has a P/E ratio of 11.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $27B | XXX | $27B | XXX | XXX | XXX |
| EV (current) | $37B | XXX | $37B | XXX | XXX | XXX |
| EV/Revenue | 9.0x | XXX | 10.0x | XXX | XXX | XXX |
| EV/EBITDA | 55.4x | XXX | 30.6x | XXX | XXX | XXX |
| EV/EBIT | 46.4x | XXX | 58.1x | XXX | XXX | XXX |
| EV/Gross Profit | 39.8x | XXX | 50.7x | XXX | XXX | XXX |
| P/E | 11.9x | XXX | 49.1x | XXX | XXX | XXX |
| EV/FCF | 39.7x | XXX | (141.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Gulf Development 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.
Gulf Development Margins & Growth Rates
Gulf Development's revenue in the last 12 month grew by 2%.
Gulf Development's revenue per employee in the last FY averaged $2.8M, while opex per employee averaged $0.1M for the same period.
Gulf Development's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Gulf Development's rule of X is 27% (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).
Gulf Development Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 43% | XXX | (52%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 27% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Gulf Development Public Comps
See public comps and valuation multiples for other Energy Production and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IndianOil | XXX | XXX | XXX | XXX | XXX | XXX |
| China National Nuclear Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Venture Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Devon Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Axia Energia | 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.
Gulf Development M&A Activity
Gulf Development acquired XXX companies to date.
Last acquisition by Gulf Development was on XXXXXXXX, XXXXX. Gulf Development acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Gulf Development
| 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 TrialGulf Development Investment Activity
Gulf Development invested in XXX companies to date.
Gulf Development made its latest investment on XXXXXXXX, XXXXX. Gulf Development invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Gulf Development
| 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 Gulf Development
| When was Gulf Development founded? | Gulf Development was founded in 2011. |
| Where is Gulf Development headquartered? | Gulf Development is headquartered in Thailand. |
| How many employees does Gulf Development have? | As of today, Gulf Development has over 1K employees. |
| Who is the CEO of Gulf Development? | Gulf Development's CEO is Sarath Ratanavadi. |
| Is Gulf Development publicly listed? | Yes, Gulf Development is a public company listed on Stock Exchange of Thailand. |
| What is the stock symbol of Gulf Development? | Gulf Development trades under GULF ticker. |
| When did Gulf Development go public? | Gulf Development went public in 2025. |
| Who are competitors of Gulf Development? | Gulf Development main competitors are IndianOil, China National Nuclear Corporation, Venture Global, Devon Energy. |
| What is the current market cap of Gulf Development? | Gulf Development's current market cap is $27B. |
| What is the current revenue of Gulf Development? | Gulf Development's last 12 months revenue is $4B. |
| What is the current revenue growth of Gulf Development? | Gulf Development revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Gulf Development? | Current revenue multiple of Gulf Development is 9.0x. |
| Is Gulf Development profitable? | Yes, Gulf Development is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Gulf Development? | Gulf Development's last 12 months EBITDA is $661M. |
| What is Gulf Development's EBITDA margin? | Gulf Development's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Gulf Development? | Current EBITDA multiple of Gulf Development is 55.4x. |
| What is the current FCF of Gulf Development? | Gulf Development's last 12 months FCF is $923M. |
| What is Gulf Development's FCF margin? | Gulf Development's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of Gulf Development? | Current FCF multiple of Gulf Development is 39.7x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.