HMS Networks Valuation Multiples

HMS Networks Overview

About HMS Networks

HMS Networks AB supplies proprietary, patented technology for intelligent industrial communication. It develops and manufactures solutions for connecting industrial products to networks and gateways, thus enabling interconnection between various networks. The group sells products in various countries, including Germany. It generates the majority of its revenue from the USA, Japan, France, China, Sweden, Italy, and other countries. The brands of the company are Anybus, Red Lion, N-Tron, Ewon, Intesis, Ixxat, Owasys, and PEAK-System.

Founded

1988

HQ

Employees

1.1K

Website

hms-networks.com

Sectors

IoTComputer HardwareNetworking HardwareDeepTech

Financials (LTM)

Revenue: $411M

EBITDA: $121M

EV

$3B

Valuation Multiples

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HMS Networks Financials

HMS Networks reported last 12-month revenue of $411M and EBITDA of $121M.

In the same LTM period, HMS Networks generated $231M in gross profit, $121M in EBITDA, and $55M in net income.

HMS Networks P&L

In the most recent fiscal year, HMS Networks reported revenue of $405M and EBITDA of $119M.

HMS Networks expects next 12-month revenue of XXX and NTM EBITDA of XXX

HMS Networks Stock Performance

HMS Networks has current market cap of $3B, and enterprise value of $3B.

HMS Networks' stock price is $53.36.

HMS Networks Valuation Multiples

HMS Networks trades at 7.1x EV/Revenue multiple, and 24.2x EV/EBITDA.

HMS Networks Financial Valuation Multiples

As of April 19, 2026, HMS Networks has market cap of $3B and EV of $3B.

Equity research analysts estimate HMS Networks' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

HMS Networks has a P/E ratio of 48.8x.

HMS Networks Margins & Growth Rates

HMS Networks' revenue in the last 12 month grew by 7%.

HMS Networks' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

HMS Networks' rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

HMS Networks' rule of X is 51% (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).

HMS Networks Public Comps

See public comps and valuation multiples for other IoT and Computer Hardware comps.

HMS Networks M&A Activity

HMS Networks acquired XXX companies to date.

Last acquisition by HMS Networks was on XXXXXXXX, XXXXX. HMS Networks acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

HMS Networks Investment Activity

HMS Networks invested in XXX companies to date.

HMS Networks made its latest investment on XXXXXXXX, XXXXX. HMS Networks invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).