IPH Valuation Multiples
IPH is valued at $611M as of September 2026, a 1.7x revenue multiple. In the last 12 months, IPH revenue was $505M and IPH EBITDA was $146M.
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
$865M
Valuation Multiples
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IPH Financials
IPH reported last 12-month revenue of $505M and EBITDA of $146M.
In the same LTM period, IPH generated $505M in gross profit, $146M in EBITDA, and $87M in net income.
Revenue (LTM)
IPH P&L
In the most recent fiscal year, IPH reported revenue of $505M and EBITDA of $140M.
IPH is profitable as of last fiscal year, with gross margin of 100%, EBITDA margin of 28%, and net margin of 11%.
Financial data powered by Morningstar, Inc.
IPH Stock Performance
IPH has current market cap of $611M, and enterprise value of $865M.
Market Cap Evolution
IPH's stock price is $2.38.
IPH share price decreased by 0.5% in the last 30 days, and increased by 1.4% in the last year.
IPH has an EPS (earnings per share) of $0.22.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $865M | $611M | 0.0% | -0.5% | -10.3% | 1.4% | $0.22 |
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Start Free TrialIPH Valuation Multiples
IPH trades at 1.7x EV/Revenue multiple, and 5.9x EV/EBITDA.
EV / Revenue (LTM)
IPH Financial Valuation Multiples
As of September 21, 2026, IPH has market cap of $611M and EV of $865M.
IPH has a P/E ratio of 7.0x.
Multiples above and below 250x are considered non-meaningful (n/m). 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 decreased revenue by 0% but EBITDA grew by 3% in the last fiscal year.
In the most recent fiscal year, IPH reported gross margin of 100%, EBITDA margin of 28%, and net margin of 11%.
IPH Margins
IPH Growth Rates
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IPH Operational KPIs
IPH's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
IPH's Rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IPH's Rule of X is 26% (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).
Data powered by FactSet, Inc. and Morningstar, Inc.
IPH Competitors
IPH competitors include Bengo4.com, Keystone Law Group, LegalZoom, Andersen Group, Knights Group Holdings, Gateley, Shine Justice, Talenom, NAHL Group and Fondia.
Most IPH public comparables operate across Legal Services.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $104M | $18M | 7.9x | 7.0x | 44.6x | 33.4x | |||
| $154M | $17M | 1.8x | 1.7x | 16.4x | 13.5x | |||
| $756M | $74M | 1.1x | 1.1x | 11.7x | 4.6x | |||
| $839M | ($121M) | 2.5x | 2.2x | (17.1x) | 8.5x | |||
| $278M | $33M | 1.3x | 1.2x | 10.5x | 5.0x | |||
| $260M | $21M | 0.7x | 0.7x | 8.9x | 4.9x | |||
| $149M | $22M | 1.0x | 1.0x | 6.6x | 4.5x | |||
| $125M | $31M | 1.2x | 1.2x | 4.9x | 5.6x | |||
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Acquisitions by IPH
IPH has acquired 4 companies to date.
Last acquisition by IPH was on August 22nd 2024. IPH acquired Bereskin & Parr for $61M (EV/Revenue multiple available to Pro users).
Latest Acquisitions by IPH
| Description | Bereskin & Parr is a Toronto-headquartered intellectual property law firm founded in 1965 with offices in Montreal, Ottawa, Calgary, and Mississauga. Employing over 70 lawyers and agents, it handles patents, trademarks, copyrights, and litigation for clients in pharmaceuticals, electronics, and cleantech. The firm ranks top-tier in Canada for IP prosecution and enforcement. | Smart & Biggar is Canada's largest intellectual property law firm with exclusive focus on IP and technology. Operating from offices in Ottawa, Toronto, Montréal, Vancouver, and Calgary, it handles patents, trademarks, copyrights, and litigation. Affiliated with Fetherstonhaugh patent agency, it advises on IP strategy for over a century. | Xenith IP Group is a Melbourne-headquartered holding company overseeing specialist intellectual property firms in Australia and Asia. Its portfolio includes patent and trademark attorneys, valuation services, and commercialization consultancies serving tech, pharma, and engineering sectors. The group manages over 5,000 active IP files annually across offices in Sydney and Singapore. | AJ Park is an intellectual property firm with offices in New Zealand and Australia. Services include patent prosecution, trademark registration, design protection, and IP portfolio management for clients in technology, biotech, and consumer goods across Asia-Pacific. |
| HQ Country |  | | |  |
| HQ City | Toronto | Ottawa | Sydney | Auckland |
| Deal Date | 22 Aug 2024 | 18 Aug 2022 | 12 Aug 2019 | 11 Oct 2017 |
| Valuation | $61M | $258M | $125M | $40M |
| EV/Revenue | ||||
| EV/EBITDA | ||||
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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 include Bengo4.com, Keystone Law Group, LegalZoom, Andersen Group, Knights Group Holdings, Gateley, Shine Justice, Talenom, NAHL Group, Fondia. |
| What is the current market cap of IPH? | IPH's current market cap is $611M. |
| What is the current revenue of IPH? | IPH's last 12 months revenue is $505M. |
| What is the current revenue growth of IPH? | IPH revenue growth (NTM/LTM) is (0%). |
| What is the current EV/Revenue multiple of IPH? | Current revenue multiple of IPH is 1.7x. |
| What is the current EBITDA of IPH? | IPH's last 12 months EBITDA is $146M. |
| 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 5.9x. |
| What is the current FCF of IPH? | IPH's last 12 months FCF is $105M. |
| What is IPH's FCF margin? | IPH's last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of IPH? | Current FCF multiple of IPH is 8.2x. |
| How many companies IPH has acquired to date? | As of September 2026, IPH has acquired 4 companies. |
| In how many companies IPH has invested to date? | IPH hasn't invested in any companies yet (or none have been disclosed publicly). |
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