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IPH Valuation Multiples
Discover revenue and EBITDA valuation multiples for IPH and similar public comparables like Bengo4.com, Keystone Law Group, Knights Group Holdings, LegalZoom and more.
IPH Overview
About IPH
IPH provides intellectual property services through its subsidiaries: Spruson and Ferguson, Smart & Biggar, Robic, Pizzeys, Griffith Hack, Applied Marks, and AJ Park. These services include patent filing, prosecution, enforcement, management, design, trademarks, and more. The company’s diverse client base consists of multinationals, public sector research organizations, and local businesses across various industries like healthcare, finance, engineering, and technology. Revenue streams mainly consist of professional fees (fixed) and volume-based fees (linked to the quantity of work performed). About 70% of revenue is derived from pre-existing work in the system, while 30% comes from new patent applications.
Founded
2014
HQ
Employees
1.8K
Website
Sectors
Financials (LTM)
EV
$932M
IPH Financials
IPH reported last 12-month revenue of $497M and EBITDA of $145M.
In the same LTM period, IPH generated $497M in gross profit, $145M in EBITDA, and $84M in net income.
Revenue (LTM)
IPH P&L
In the most recent fiscal year, IPH reported revenue of $498M and EBITDA of $133M.
IPH expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $497M | XXX | $498M | XXX | XXX | XXX |
| Gross Profit | $497M | XXX | $498M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $145M | XXX | $133M | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $84M | XXX | $78M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | — | — | $250M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
IPH Stock Performance
IPH has current market cap of $660M, and enterprise value of $932M.
Market Cap Evolution
IPH's stock price is $2.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $932M | $660M | 0.2% | XXX | XXX | XXX | $0.30 |
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Start Free TrialIPH Valuation Multiples
IPH trades at 1.9x EV/Revenue multiple, and 6.4x EV/EBITDA.
EV / Revenue (LTM)
IPH Financial Valuation Multiples
As of March 22, 2026, IPH has market cap of $660M and EV of $932M.
Equity research analysts estimate IPH's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IPH has a P/E ratio of 7.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $660M | XXX | $660M | XXX | XXX | XXX |
| EV (current) | $932M | XXX | $932M | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBIT | 7.5x | XXX | 8.3x | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| P/E | 7.8x | XXX | 8.5x | XXX | XXX | XXX |
| EV/FCF | 10.8x | XXX | 10.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified IPH 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.
IPH Margins & Growth Rates
IPH's revenue in the last 12 month grew by 4%.
IPH's revenue per employee in the last FY averaged $0.3M.
IPH's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IPH's rule of X is 40% (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).
IPH Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 38% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 81% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
IPH Public Comps
See public comps and valuation multiples for other Legal Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bengo4.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Keystone Law Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Knights Group Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| LegalZoom | XXX | XXX | XXX | XXX | XXX | XXX |
| Gateley | 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.
IPH M&A Activity
IPH acquired XXX companies to date.
Last acquisition by IPH was on XXXXXXXX, XXXXX. IPH acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by IPH
| 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
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Start Free TrialIPH Investment Activity
IPH invested in XXX companies to date.
IPH made its latest investment on XXXXXXXX, XXXXX. IPH invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by IPH
| 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 IPH
| When was IPH founded? | IPH was founded in 2014. |
| Where is IPH headquartered? | IPH is headquartered in Australia. |
| How many employees does IPH have? | As of today, IPH has over 1K employees. |
| Who is the CEO of IPH? | IPH's CEO is Andrew Blattman. |
| Is IPH publicly listed? | Yes, IPH is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of IPH? | IPH trades under IPH ticker. |
| When did IPH go public? | IPH went public in 2014. |
| Who are competitors of IPH? | IPH main competitors are Bengo4.com, Keystone Law Group, Knights Group Holdings, LegalZoom. |
| What is the current market cap of IPH? | IPH's current market cap is $660M. |
| What is the current revenue of IPH? | IPH's last 12 months revenue is $497M. |
| What is the current revenue growth of IPH? | IPH revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of IPH? | Current revenue multiple of IPH is 1.9x. |
| Is IPH profitable? | Yes, IPH is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IPH? | IPH's last 12 months EBITDA is $145M. |
| What is IPH's EBITDA margin? | IPH's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of IPH? | Current EBITDA multiple of IPH is 6.4x. |
| What is the current FCF of IPH? | IPH's last 12 months FCF is $86M. |
| What is IPH's FCF margin? | IPH's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of IPH? | Current FCF multiple of IPH is 10.8x. |
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