π VC round data is live in beta, check it out!
- Public Comps
- Harvia
Harvia Valuation Multiples
Discover revenue and EBITDA valuation multiples for Harvia and similar public comparables like Roland, MIPS, Giant Manufacturing Co., Genda and more.
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 Groupβs 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
Sectors
Financials (LTM)
EV
$833M
Harvia Financials
Harvia reported last 12-month revenue of $242M and EBITDA of $57M.
In the same LTM period, Harvia generated $106M in gross profit, $57M in EBITDA, and $33M in net income.
Revenue (LTM)
Harvia P&L
In the most recent fiscal year, Harvia reported revenue of $236M and EBITDA of $55M.
Harvia expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $242M | XXX | $236M | XXX | XXX | XXX |
| Gross Profit | $106M | XXX | $149M | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $57M | XXX | $55M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $33M | XXX | $31M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | β | β | $59M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Harvia Stock Performance
Harvia has current market cap of $766M, and enterprise value of $833M.
Market Cap Evolution
Harvia's stock price is $40.98.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $833M | $766M | 2.9% | XXX | XXX | XXX | $1.68 |
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 TrialHarvia Valuation Multiples
Harvia trades at 3.4x EV/Revenue multiple, and 14.7x EV/EBITDA.
EV / Revenue (LTM)
Harvia Financial Valuation Multiples
As of April 11, 2026, Harvia has market cap of $766M and EV of $833M.
Equity research analysts estimate Harvia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Harvia has a P/E ratio of 23.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $766M | XXX | $766M | XXX | XXX | XXX |
| EV (current) | $833M | XXX | $833M | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBITDA | 14.7x | XXX | 15.2x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 17.9x | XXX | XXX | XXX |
| EV/Gross Profit | 7.9x | XXX | 5.6x | XXX | XXX | XXX |
| P/E | 23.2x | XXX | 24.4x | XXX | XXX | XXX |
| EV/FCF | 35.2x | XXX | 35.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Harvia 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.


Harvia Margins & Growth Rates
Harvia's revenue in the last 12 month grew by 9%.
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 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Harvia's rule of X is 49% (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).
Harvia Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 49% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | β | XXX | 11% | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 44% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Harvia Public Comps
See public comps and valuation multiples for other Sports & Leisure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Roland | XXX | XXX | XXX | XXX | XXX | XXX |
| MIPS | XXX | XXX | XXX | XXX | XXX | XXX |
| Giant Manufacturing Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Genda | XXX | XXX | XXX | XXX | XXX | XXX |
| Beneteau | 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.
Harvia M&A Activity
Harvia acquired XXX companies to date.
Last acquisition by Harvia was on XXXXXXXX, XXXXX. Harvia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Harvia
| 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 TrialHarvia Investment Activity
Harvia invested in XXX companies to date.
Harvia made its latest investment on XXXXXXXX, XXXXX. Harvia invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Harvia
| 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 Harvia
| When was Harvia founded? | Harvia was founded in 1950. |
| Where is Harvia headquartered? | Harvia is headquartered in Finland. |
| How many employees does Harvia have? | As of today, Harvia has over 696 employees. |
| Who is the CEO of Harvia? | Harvia's CEO is Matias Jarnefelt. |
| Is Harvia publicly listed? | Yes, Harvia is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Harvia? | Harvia trades under HARVIA ticker. |
| When did Harvia go public? | Harvia went public in 2018. |
| Who are competitors of Harvia? | Harvia main competitors are Roland, MIPS, Giant Manufacturing Co., Genda. |
| What is the current market cap of Harvia? | Harvia's current market cap is $766M. |
| What is the current revenue of Harvia? | Harvia's last 12 months revenue is $242M. |
| What is the current revenue growth of Harvia? | Harvia revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Harvia? | Current revenue multiple of Harvia is 3.4x. |
| Is Harvia profitable? | Yes, Harvia is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Harvia? | Harvia's last 12 months EBITDA is $57M. |
| What is Harvia's EBITDA margin? | Harvia's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Harvia? | Current EBITDA multiple of Harvia is 14.7x. |
| What is the current FCF of Harvia? | Harvia's last 12 months FCF is $24M. |
| What is Harvia's FCF margin? | Harvia's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Harvia? | Current FCF multiple of Harvia is 35.2x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.