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Iren Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Iren Group and similar public comparables like SNTGN Transgaz, TransAlta, Rubis, Margun Enerji and more.
Iren Group Overview
About Iren Group
Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.
Founded
2010
HQ

Employees
1.1K
Website
Sectors
Financials (LTM)
EV
$9B
Iren Group Financials
Iren Group reported last 12-month revenue of $8B and EBITDA of $2B.
In the same LTM period, Iren Group generated $2B in EBITDA and $351M in net income.
Revenue (LTM)
Iren Group P&L
In the most recent fiscal year, Iren Group reported revenue of $7B and EBITDA of $1B.
Iren Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $351M | XXX | $316M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $320M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Iren Group Stock Performance
Iren Group has current market cap of $4B, and enterprise value of $9B.
Market Cap Evolution
Iren Group's stock price is $3.05.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $4B | 0.0% | XXX | XXX | XXX | $0.25 |
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Start Free TrialIren Group Valuation Multiples
Iren Group trades at 1.2x EV/Revenue multiple, and 5.7x EV/EBITDA.
EV / Revenue (LTM)
Iren Group Financial Valuation Multiples
As of April 19, 2026, Iren Group has market cap of $4B and EV of $9B.
Equity research analysts estimate Iren Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Iren Group has a P/E ratio of 11.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 5.7x | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBIT | 14.3x | XXX | 14.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.9x | XXX | XXX | XXX |
| P/E | 11.2x | XXX | 12.4x | XXX | XXX | XXX |
| EV/FCF | 170.7x | XXX | 30.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Iren Group 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.


Iren Group Margins & Growth Rates
Iren Group's revenue in the last 12 month grew by 2%.
Iren Group's revenue per employee in the last FY averaged $6.6M, while opex per employee averaged $2.3M for the same period.
Iren Group's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Iren Group's rule of X is 25% (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).
Iren Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 25% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $6.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $2.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Iren Group Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Iren Group | XXX | XXX | XXX | XXX | XXX | XXX |
| SNTGN Transgaz | XXX | XXX | XXX | XXX | XXX | XXX |
| TransAlta | XXX | XXX | XXX | XXX | XXX | XXX |
| Rubis | XXX | XXX | XXX | XXX | XXX | XXX |
| Margun Enerji | XXX | XXX | XXX | XXX | XXX | XXX |
| Tohoku Electric Power | 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.
Iren Group M&A Activity
Iren Group acquired XXX companies to date.
Last acquisition by Iren Group was on XXXXXXXX, XXXXX. Iren Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Iren Group
| 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 TrialIren Group Investment Activity
Iren Group invested in XXX companies to date.
Iren Group made its latest investment on XXXXXXXX, XXXXX. Iren Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Iren Group
| 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 Iren Group
| When was Iren Group founded? | Iren Group was founded in 2010. |
| Where is Iren Group headquartered? | Iren Group is headquartered in Italy. |
| How many employees does Iren Group have? | As of today, Iren Group has over 1K employees. |
| Who is the CEO of Iren Group? | Iren Group's CEO is Gian Luca Bufo. |
| Is Iren Group publicly listed? | Yes, Iren Group is a public company listed on Borsa Italiana. |
| What is the stock symbol of Iren Group? | Iren Group trades under IRE ticker. |
| When did Iren Group go public? | Iren Group went public in 2000. |
| Who are competitors of Iren Group? | Iren Group main competitors are SNTGN Transgaz, TransAlta, Rubis, Margun Enerji. |
| What is the current market cap of Iren Group? | Iren Group's current market cap is $4B. |
| What is the current revenue of Iren Group? | Iren Group's last 12 months revenue is $8B. |
| What is the current revenue growth of Iren Group? | Iren Group revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Iren Group? | Current revenue multiple of Iren Group is 1.2x. |
| Is Iren Group profitable? | Yes, Iren Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Iren Group? | Iren Group's last 12 months EBITDA is $2B. |
| What is Iren Group's EBITDA margin? | Iren Group's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Iren Group? | Current EBITDA multiple of Iren Group is 5.7x. |
| What is the current FCF of Iren Group? | Iren Group's last 12 months FCF is $53M. |
| What is Iren Group's FCF margin? | Iren Group's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Iren Group? | Current FCF multiple of Iren Group is 170.7x. |
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