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IAG Valuation Multiples
Discover revenue and EBITDA valuation multiples for IAG and similar public comparables like Southwest Airlines, IndiGo, Ryanair, GOL Airlines and more.
IAG Overview
About IAG
International Airlines Group is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.
Founded
2009
HQ

Employees
74.4K
Website
Sectors
Financials (LTM)
EV
$31B
IAG Financials
IAG reported last 12-month revenue of $40B and EBITDA of $9B.
In the same LTM period, IAG generated $9B in EBITDA and $4B in net income.
Revenue (LTM)
IAG P&L
In the most recent fiscal year, IAG reported revenue of $39B and EBITDA of $9B.
IAG expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $40B | XXX | $39B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $10B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 25% | XXX | XXX | XXX |
| EBITDA | $9B | XXX | $9B | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
IAG Stock Performance
IAG has current market cap of $24B, and enterprise value of $31B.
Market Cap Evolution
IAG's stock price is $5.22.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $31B | $24B | 0.0% | XXX | XXX | XXX | $0.88 |
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Start Free TrialIAG Valuation Multiples
IAG trades at 0.8x EV/Revenue multiple, and 3.4x EV/EBITDA.
EV / Revenue (LTM)
IAG Financial Valuation Multiples
As of April 20, 2026, IAG has market cap of $24B and EV of $31B.
Equity research analysts estimate IAG's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IAG has a P/E ratio of 6.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV (current) | $31B | XXX | $31B | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 3.4x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBIT | 5.2x | XXX | 5.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.1x | XXX | XXX | XXX |
| P/E | 6.0x | XXX | 6.0x | XXX | XXX | XXX |
| EV/FCF | 11.1x | XXX | 8.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified IAG 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.


IAG Margins & Growth Rates
IAG's revenue in the last 12 month grew by 5%.
IAG's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
IAG's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IAG's rule of X is 34% (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).
IAG Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 34% | 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 | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
IAG Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IAG | XXX | XXX | XXX | XXX | XXX | XXX |
| Southwest Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| IndiGo | XXX | XXX | XXX | XXX | XXX | XXX |
| Ryanair | XXX | XXX | XXX | XXX | XXX | XXX |
| GOL Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Singapore Airlines | 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.
IAG M&A Activity
IAG acquired XXX companies to date.
Last acquisition by IAG was on XXXXXXXX, XXXXX. IAG acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by IAG
| 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 TrialIAG Investment Activity
IAG invested in XXX companies to date.
IAG made its latest investment on XXXXXXXX, XXXXX. IAG invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by IAG
| 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 IAG
| When was IAG founded? | IAG was founded in 2009. |
| Where is IAG headquartered? | IAG is headquartered in United Kingdom. |
| How many employees does IAG have? | As of today, IAG has over 74K employees. |
| Who is the CEO of IAG? | IAG's CEO is Luis Gallego Martin. |
| Is IAG publicly listed? | Yes, IAG is a public company listed on London Stock Exchange. |
| What is the stock symbol of IAG? | IAG trades under IAG ticker. |
| When did IAG go public? | IAG went public in 2011. |
| Who are competitors of IAG? | IAG main competitors are Southwest Airlines, IndiGo, Ryanair, GOL Airlines. |
| What is the current market cap of IAG? | IAG's current market cap is $24B. |
| What is the current revenue of IAG? | IAG's last 12 months revenue is $40B. |
| What is the current revenue growth of IAG? | IAG revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of IAG? | Current revenue multiple of IAG is 0.8x. |
| Is IAG profitable? | Yes, IAG is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IAG? | IAG's last 12 months EBITDA is $9B. |
| What is IAG's EBITDA margin? | IAG's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of IAG? | Current EBITDA multiple of IAG is 3.4x. |
| What is the current FCF of IAG? | IAG's last 12 months FCF is $3B. |
| What is IAG's FCF margin? | IAG's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of IAG? | Current FCF multiple of IAG is 11.1x. |
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