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IPAS Indexo Valuation Multiples
Discover revenue and EBITDA valuation multiples for IPAS Indexo and similar public comparables like INVL Technology, Wiener Privatbank, Heidelberger, Skarbiec Holding and more.
IPAS Indexo Overview
About IPAS Indexo
IPAS Indexo is a licensed investment management company. It provides asset management services to state-funded pension scheme plans and private pension plans. The company has two segments, Asset management: Includes management of the assets of state-funded pension scheme investment plans and private pension scheme investment plans, which generates the majority of its revenue, and Banking development: Includes all the revenues, costs and main balance sheet items for the Banking activities.
Founded
2017
HQ

Employees
58
Website
Sectors
Financials (FY)
EV
$178M
IPAS Indexo Financials
IPAS Indexo reported last fiscal year revenue of $7M and negative EBITDA of ($5M).
In the same fiscal year, IPAS Indexo generated $3M in gross profit, ($5M) in EBITDA losses, and had net loss of ($9M).
IPAS Indexo P&L
In the most recent fiscal year, IPAS Indexo reported revenue of $7M and EBITDA of ($5M).
IPAS Indexo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $7M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 40% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($5M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (73%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (156%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($9M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (138%) | XXX | XXX | XXX |
| Net Debt | — | — | $119M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
IPAS Indexo Stock Performance
IPAS Indexo has current market cap of $63M, and enterprise value of $178M.
Market Cap Evolution
IPAS Indexo's stock price is $10.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $178M | $63M | -0.8% | XXX | XXX | XXX | $-1.48 |
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Start Free TrialIPAS Indexo Valuation Multiples
IPAS Indexo trades at 27.0x EV/Revenue multiple, and (37.1x) EV/EBITDA.
IPAS Indexo Financial Valuation Multiples
As of April 20, 2026, IPAS Indexo has market cap of $63M and EV of $178M.
Equity research analysts estimate IPAS Indexo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IPAS Indexo has a P/E ratio of (6.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $63M | XXX | $63M | XXX | XXX | XXX |
| EV (current) | $178M | XXX | $178M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 27.0x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (37.1x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (17.4x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 66.8x | XXX | XXX | XXX |
| P/E | — | XXX | (6.9x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (6.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified IPAS Indexo 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.


IPAS Indexo Margins & Growth Rates
IPAS Indexo's revenue in the last fiscal year grew by 25%.
IPAS Indexo's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.2M for the same period.
IPAS Indexo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 25% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (73%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 4% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 19% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 69% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 196% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
IPAS Indexo Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IPAS Indexo | XXX | XXX | XXX | XXX | XXX | XXX |
| INVL Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Wiener Privatbank | XXX | XXX | XXX | XXX | XXX | XXX |
| Heidelberger | XXX | XXX | XXX | XXX | XXX | XXX |
| Skarbiec Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Thorney Opportunities | 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.
IPAS Indexo M&A Activity
IPAS Indexo acquired XXX companies to date.
Last acquisition by IPAS Indexo was on XXXXXXXX, XXXXX. IPAS Indexo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by IPAS Indexo
| 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 TrialIPAS Indexo Investment Activity
IPAS Indexo invested in XXX companies to date.
IPAS Indexo made its latest investment on XXXXXXXX, XXXXX. IPAS Indexo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by IPAS Indexo
| 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 IPAS Indexo
| When was IPAS Indexo founded? | IPAS Indexo was founded in 2017. |
| Where is IPAS Indexo headquartered? | IPAS Indexo is headquartered in Latvia. |
| How many employees does IPAS Indexo have? | As of today, IPAS Indexo has over 58 employees. |
| Is IPAS Indexo publicly listed? | Yes, IPAS Indexo is a public company listed on Nasdaq Riga. |
| What is the stock symbol of IPAS Indexo? | IPAS Indexo trades under IDX1R ticker. |
| When did IPAS Indexo go public? | IPAS Indexo went public in 2022. |
| Who are competitors of IPAS Indexo? | IPAS Indexo main competitors are INVL Technology, Wiener Privatbank, Heidelberger, Skarbiec Holding. |
| What is the current market cap of IPAS Indexo? | IPAS Indexo's current market cap is $63M. |
| What is the current revenue of IPAS Indexo? | IPAS Indexo's last fiscal year revenue is $7M. |
| What is the current EV/Revenue multiple of IPAS Indexo? | Current revenue multiple of IPAS Indexo is 27.0x. |
| Is IPAS Indexo profitable? | No, IPAS Indexo is not profitable. |
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