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Karnov Group AB is a provider of mission-critical information in the areas of legal, tax and auditing, environment, and health and safety. Karnov's products include subscription-based online solutions for law firms, tax and accounting firms, corporates, and the public sector including, courts, universities, public authorities, and municipalities. Karnov also publishes and sells offline books and journals and hosts legal training courses. Its brands are Karnov, Norstedts Juridik, Notisum, Legal Cross Border, Forlaget Andersen, LEXNordics and DIBkunnskap. Geographically, it derives a majority of its revenue from Denmark and also has a presence in Sweden, Norway, France, Spain, and Portugal.
1867
1.2K+
LTM Revenue $261M
LTM EBITDA $76.8M
$1.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Karnov Group has a last 12-month revenue of $261M and a last 12-month EBITDA of $76.8M.
In the most recent fiscal year, Karnov Group achieved revenue of $257M and an EBITDA of $51.1M.
Karnov Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Karnov Group valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $246M | $257M | XXX | XXX | XXX |
| Gross Profit | $63.5M | $209M | XXX | XXX | XXX |
| Gross Margin | 26% | 81% | XXX | XXX | XXX |
| EBITDA | $54.5M | $51.1M | XXX | XXX | XXX |
| EBITDA Margin | 22% | 20% | XXX | XXX | XXX |
| Net Profit | $5.9M | $3.8M | XXX | XXX | XXX |
| Net Margin | 2% | 1% | XXX | XXX | XXX |
| Net Debt | $180M | $174M | XXX | XXX | XXX |
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As of April 15, 2025, Karnov Group's stock price is SEK 89 (or $9).
Karnov Group has current market cap of SEK 9.6B (or $958M), and EV of SEK 12.1B (or $1.2B).
See Karnov Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.2B | $958M | XXX | XXX | XXX | XXX | $0.33 |
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Sign UpAs of April 15, 2025, Karnov Group has market cap of $958M and EV of $1.2B.
Karnov Group's trades at 4.6x LTM EV/Revenue multiple, and 15.7x LTM EBITDA.
Analysts estimate Karnov Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Karnov Group and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.2B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | XXX | XXX |
| EV/EBITDA | 23.6x | XXX | XXX | XXX |
| P/E | -291.4x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 81.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpKarnov Group's NTM/LTM revenue growth is 5%
Karnov Group's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Karnov Group's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Karnov Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Karnov Group and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -6% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 24% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 81% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Count | XXX | XXX | XXX | XXX | XXX | XXX |
| Kelly Partners Group | XXX | XXX | XXX | XXX | XXX | XXX |
| WT Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Aallon Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Administer | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Karnov Group acquired XXX companies to date.
Last acquisition by Karnov Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Karnov Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Karnov Group founded? | Karnov Group was founded in 1867. |
| Where is Karnov Group headquartered? | Karnov Group is headquartered in Sweden. |
| How many employees does Karnov Group have? | As of today, Karnov Group has 1.2K+ employees. |
| Who is the CEO of Karnov Group? | Karnov Group's CEO is Mr. Pontus Bodelsson. |
| Is Karnov Group publicy listed? | Yes, Karnov Group is a public company listed on STO. |
| What is the stock symbol of Karnov Group? | Karnov Group trades under KAR ticker. |
| When did Karnov Group go public? | Karnov Group went public in 2019. |
| Who are competitors of Karnov Group? | Similar companies to Karnov Group include e.g. Count, Kelly Partners Group, WT Financial Group, Aallon Group. |
| What is the current market cap of Karnov Group? | Karnov Group's current market cap is $958M |
| What is the current revenue of Karnov Group? | Karnov Group's last 12-month revenue is $261M. |
| What is the current EBITDA of Karnov Group? | Karnov Group's last 12-month EBITDA is $76.8M. |
| What is the current EV/Revenue multiple of Karnov Group? | Current revenue multiple of Karnov Group is 4.6x. |
| What is the current EV/EBITDA multiple of Karnov Group? | Current EBITDA multiple of Karnov Group is 15.7x. |
| What is the current revenue growth of Karnov Group? | Karnov Group revenue growth between 2023 and 2024 was 5%. |
| Is Karnov Group profitable? | Yes, Karnov Group is EBITDA-positive (as of the last 12 months). |
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