Harvia - Public Comps and Valuation Multiples

Harvia Overview

About Harvia

Harvia PLC is a sauna and spa company. The company's brands and product range are well known in the market and the company's comprehensive product range aims to meet the needs of the international sauna and spa market, both for professionals and consumers.The Group’s product range includes sauna heaters, sauna rooms, infrared and steam saunas, steam showers, spa components, control units, heater stones, sauna accessories and sauna interior solutions such as sauna benches, audio speakers and lighting solutions. The company's production plant for saunas and sauna components is also located in Muurame in connection with Harvia's head office.

Founded

1950

HQ

Employees

696

Website

harviagroup.com

Sectors

Sports & Leisure

Financials

Last FY Revenue $206M

Last FY EBITDA $49.6M

EV

$1.0B

Valuation Multiples

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Harvia Financials

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Harvia P&L

In the most recent fiscal year, Harvia reported revenue of $206M and EBITDA of $49.6M.

Harvia expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	XXX	$206M	XXX	XXX	XXX
Gross Profit	XXX	$132M	XXX	XXX	XXX
Gross Margin	XXX	64%	XXX	XXX	XXX
EBITDA	XXX	$49.6M	XXX	XXX	XXX
EBITDA Margin	XXX	24%	XXX	XXX	XXX
EBIT	XXX	$41.7M	XXX	XXX	XXX
EBIT Margin	XXX	20%	XXX	XXX	XXX
Net Profit	XXX	$28.5M	XXX	XXX	XXX
Net Margin	XXX	14%	XXX	XXX	XXX
Net Debt	XXX	$57.5M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Harvia including revenue, profitability, and margin analysis across different time periods. In the most recent fiscal year, Harvia achieved $206M in revenue and $49.6M in EBITDA.
Financial Metric	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	Analyst estimates available to subscribers	$206M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	Analyst estimates available to subscribers	$132M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	Analyst estimates available to subscribers	64.3% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	Analyst estimates available to subscribers	$49.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	Analyst estimates available to subscribers	24.1% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	Analyst estimates available to subscribers	$41.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	Analyst estimates available to subscribers	20.3% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	Analyst estimates available to subscribers	$28.5M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	Analyst estimates available to subscribers	13.8% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	$57.5M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Harvia

This financial data table provides comprehensive performance metrics for Harvia, a company based in Finland. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Fiscal Year Performance

In the most recent fiscal year, Harvia reported $206M in total revenue.
Fiscal year EBITDA was $49.6M.
The company maintained a gross profit margin of 64.3% in the most recent fiscal year.
EBITDA margin for the fiscal year was 24.1%.
Net profit margin reached 13.8% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Harvia. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Harvia Stock Performance

Harvia has current market cap of EUR 800M (or $940M), and EV of EUR 862M (or $1.0B).

Market Cap Evolution

Harvia Stock Data

As of January 5, 2026, Harvia's stock price is EUR 43 (or $50).

See Harvia trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$1.0B	$940M	XXX	XXX	XXX	XXX	n/a

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Harvia Valuation Multiples

Harvia's trades at 4.9x EV/Revenue multiple, and 20.4x EV/EBITDA.

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Harvia Financial Valuation Multiples

As of January 5, 2026, Harvia has market cap of $940M and EV of $1.0B.

Equity research analysts estimate Harvia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Harvia's P/E ratio is not available.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$940M	XXX	$940M	XXX	XXX	XXX
EV (current)	$1.0B	XXX	$1.0B	XXX	XXX	XXX
EV/Revenue	n/a	XXX	4.9x	XXX	XXX	XXX
EV/EBITDA	n/a	XXX	20.4x	XXX	XXX	XXX
EV/EBIT	n/a	XXX	24.3x	XXX	XXX	XXX
EV/Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
P/E	n/a	XXX	33.0x	XXX	XXX	XXX
EV/FCF	n/a	XXX	33.8x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Harvia Margins & Growth Rates

Harvia's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Harvia's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Harvia's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Harvia Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	24%	XXX	XXX	XXX
EBITDA Growth	n/a	XXX	n/a	XXX	XXX	XXX
Rule of 40	n/a	XXX	n/a	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	n/a	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	11%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	44%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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