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Hero MotoCorp Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hero MotoCorp and similar public comparables like Subaru, Ashok Leyland, Renault, Porsche SE and more.
Hero MotoCorp Overview
About Hero MotoCorp
Hero MotoCorp Ltd is a motorcycle and scooter company domiciled in India. The company is engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services. The Company is a two wheeler manufacturer and has a dominant presence in domestic market. The company predominantly operates in the automotive segment, which includes all activities related to the development, design, manufacture, assembly, and sale of vehicles, as well as the sale of related parts and accessories.
Founded
1984
HQ
Employees
9.5K
Website
Sectors
Financials (LTM)
EV
$10B
Hero MotoCorp Financials
Hero MotoCorp reported last 12-month revenue of $5B and EBITDA of $730M.
In the same LTM period, Hero MotoCorp generated $2B in gross profit, $730M in EBITDA, and $575M in net income.
Revenue (LTM)
Hero MotoCorp P&L
In the most recent fiscal year, Hero MotoCorp reported revenue of $5B and EBITDA of $734M.
Hero MotoCorp 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 | $2B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $730M | XXX | $734M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $575M | XXX | $541M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | — | — | $8M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hero MotoCorp Stock Performance
Hero MotoCorp has current market cap of $11B, and enterprise value of $10B.
Market Cap Evolution
Hero MotoCorp's stock price is $56.21.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $11B | 1.7% | XXX | XXX | XXX | $2.70 |
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Start Free TrialHero MotoCorp Valuation Multiples
Hero MotoCorp trades at 2.0x EV/Revenue multiple, and 13.9x EV/EBITDA.
EV / Revenue (LTM)
Hero MotoCorp Financial Valuation Multiples
As of April 18, 2026, Hero MotoCorp has market cap of $11B and EV of $10B.
Equity research analysts estimate Hero MotoCorp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hero MotoCorp has a P/E ratio of 19.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 13.9x | XXX | 13.8x | XXX | XXX | XXX |
| EV/EBIT | 15.3x | XXX | 16.5x | XXX | XXX | XXX |
| EV/Gross Profit | 6.1x | XXX | 6.9x | XXX | XXX | XXX |
| P/E | 19.6x | XXX | 20.8x | XXX | XXX | XXX |
| EV/FCF | 19.8x | XXX | 24.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hero MotoCorp 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.
Hero MotoCorp Margins & Growth Rates
Hero MotoCorp's revenue in the last 12 month grew by 10%.
Hero MotoCorp's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Hero MotoCorp's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hero MotoCorp's rule of X is 41% (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).
Hero MotoCorp Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hero MotoCorp Public Comps
See public comps and valuation multiples for other Automakers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hero MotoCorp | XXX | XXX | XXX | XXX | XXX | XXX |
| Subaru | XXX | XXX | XXX | XXX | XXX | XXX |
| Ashok Leyland | XXX | XXX | XXX | XXX | XXX | XXX |
| Renault | XXX | XXX | XXX | XXX | XXX | XXX |
| Porsche SE | XXX | XXX | XXX | XXX | XXX | XXX |
| Leapmotor Technology | 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.
Hero MotoCorp M&A Activity
Hero MotoCorp acquired XXX companies to date.
Last acquisition by Hero MotoCorp was on XXXXXXXX, XXXXX. Hero MotoCorp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hero MotoCorp
| 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 TrialHero MotoCorp Investment Activity
Hero MotoCorp invested in XXX companies to date.
Hero MotoCorp made its latest investment on XXXXXXXX, XXXXX. Hero MotoCorp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hero MotoCorp
| 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 Hero MotoCorp
| When was Hero MotoCorp founded? | Hero MotoCorp was founded in 1984. |
| Where is Hero MotoCorp headquartered? | Hero MotoCorp is headquartered in India. |
| How many employees does Hero MotoCorp have? | As of today, Hero MotoCorp has over 9K employees. |
| Who is the CEO of Hero MotoCorp? | Hero MotoCorp's CEO is Vikram Sitaram Kasbekar. |
| Is Hero MotoCorp publicly listed? | Yes, Hero MotoCorp is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Hero MotoCorp? | Hero MotoCorp trades under HEROMOTOCO ticker. |
| When did Hero MotoCorp go public? | Hero MotoCorp went public in 2003. |
| Who are competitors of Hero MotoCorp? | Hero MotoCorp main competitors are Subaru, Ashok Leyland, Renault, Porsche SE. |
| What is the current market cap of Hero MotoCorp? | Hero MotoCorp's current market cap is $11B. |
| What is the current revenue of Hero MotoCorp? | Hero MotoCorp's last 12 months revenue is $5B. |
| What is the current revenue growth of Hero MotoCorp? | Hero MotoCorp revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Hero MotoCorp? | Current revenue multiple of Hero MotoCorp is 2.0x. |
| Is Hero MotoCorp profitable? | Yes, Hero MotoCorp is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hero MotoCorp? | Hero MotoCorp's last 12 months EBITDA is $730M. |
| What is Hero MotoCorp's EBITDA margin? | Hero MotoCorp's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Hero MotoCorp? | Current EBITDA multiple of Hero MotoCorp is 13.9x. |
| What is the current FCF of Hero MotoCorp? | Hero MotoCorp's last 12 months FCF is $514M. |
| What is Hero MotoCorp's FCF margin? | Hero MotoCorp's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Hero MotoCorp? | Current FCF multiple of Hero MotoCorp is 19.8x. |
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