🚀 VC round data is live in beta, check it out!
- Public Comps
- INIT SE
INIT SE Valuation Multiples
Discover revenue and EBITDA valuation multiples for INIT SE and similar public comparables like PowerFleet, IVU Traffic Technologies, Tecsys, TomTom and more.
INIT SE Overview
About INIT SE
init innovation in traffic systems SE is an international system supplier of transportation telematics. The company develops and supplies integrated planning, dispatching, telematics and ticketing systems for buses and trains. The firm develops, produces, integrates, installs, and maintains software and hardware products for the planning, management, and optimization of transport companies. It offers research and development, planning and dispatching, analyzing and optimizing, ticketing and fare management, operations control and real-time passenger information, and service and maintenance solutions. Geographical presence of the company is in Germany, North America, Europe, Australia and UAE.
Founded
2000
HQ

Employees
1.4K
Website
Financials (LTM)
EV
$602M
INIT SE Financials
INIT SE reported last 12-month revenue of $406M and EBITDA of $60M.
In the same LTM period, INIT SE generated $148M in gross profit, $60M in EBITDA, and $25M in net income.
Revenue (LTM)
INIT SE P&L
In the most recent fiscal year, INIT SE reported revenue of $313M and EBITDA of $46M.
INIT SE expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $406M | XXX | $313M | XXX | XXX | XXX |
| Gross Profit | $148M | XXX | $116M | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| EBITDA | $60M | XXX | $46M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $25M | XXX | $18M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $54M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
INIT SE Stock Performance
INIT SE has current market cap of $518M, and enterprise value of $602M.
Market Cap Evolution
INIT SE's stock price is $52.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $602M | $518M | 2.8% | XXX | XXX | XXX | $1.83 |
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 TrialINIT SE Valuation Multiples
INIT SE trades at 1.5x EV/Revenue multiple, and 10.0x EV/EBITDA.
EV / Revenue (LTM)
INIT SE Financial Valuation Multiples
As of April 18, 2026, INIT SE has market cap of $518M and EV of $602M.
Equity research analysts estimate INIT SE's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
INIT SE has a P/E ratio of 20.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $518M | XXX | $518M | XXX | XXX | XXX |
| EV (current) | $602M | XXX | $602M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 10.0x | XXX | 13.1x | XXX | XXX | XXX |
| EV/EBIT | 14.7x | XXX | 20.2x | XXX | XXX | XXX |
| EV/Gross Profit | 4.1x | XXX | 5.2x | XXX | XXX | XXX |
| P/E | 20.6x | XXX | 28.4x | XXX | XXX | XXX |
| EV/FCF | 26.6x | XXX | (70.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified INIT SE 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.


INIT SE Margins & Growth Rates
INIT SE's revenue in the last 12 month grew by 19%.
INIT SE's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
INIT SE's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
INIT SE's rule of X is 73% (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).
INIT SE Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 23% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 11% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 28% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
INIT SE Public Comps
See public comps and valuation multiples for other Transportation & Logistics Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| INIT SE | XXX | XXX | XXX | XXX | XXX | XXX |
| PowerFleet | XXX | XXX | XXX | XXX | XXX | XXX |
| IVU Traffic Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Tecsys | XXX | XXX | XXX | XXX | XXX | XXX |
| TomTom | XXX | XXX | XXX | XXX | XXX | XXX |
| Duos Technologies | 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.
INIT SE M&A Activity
INIT SE acquired XXX companies to date.
Last acquisition by INIT SE was on XXXXXXXX, XXXXX. INIT SE acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by INIT SE
| 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 TrialINIT SE Investment Activity
INIT SE invested in XXX companies to date.
INIT SE made its latest investment on XXXXXXXX, XXXXX. INIT SE invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by INIT SE
| 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 INIT SE
| When was INIT SE founded? | INIT SE was founded in 2000. |
| Where is INIT SE headquartered? | INIT SE is headquartered in Germany. |
| How many employees does INIT SE have? | As of today, INIT SE has over 1K employees. |
| Is INIT SE publicly listed? | Yes, INIT SE is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of INIT SE? | INIT SE trades under IXX ticker. |
| When did INIT SE go public? | INIT SE went public in 2001. |
| Who are competitors of INIT SE? | INIT SE main competitors are PowerFleet, IVU Traffic Technologies, Tecsys, TomTom. |
| What is the current market cap of INIT SE? | INIT SE's current market cap is $518M. |
| What is the current revenue of INIT SE? | INIT SE's last 12 months revenue is $406M. |
| What is the current revenue growth of INIT SE? | INIT SE revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of INIT SE? | Current revenue multiple of INIT SE is 1.5x. |
| Is INIT SE profitable? | Yes, INIT SE is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of INIT SE? | INIT SE's last 12 months EBITDA is $60M. |
| What is INIT SE's EBITDA margin? | INIT SE's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of INIT SE? | Current EBITDA multiple of INIT SE is 10.0x. |
| What is the current FCF of INIT SE? | INIT SE's last 12 months FCF is $23M. |
| What is INIT SE's FCF margin? | INIT SE's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of INIT SE? | Current FCF multiple of INIT SE is 26.6x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.