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Karnov Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Karnov Group and similar public comparables like LegalZoom, Bengo4.com, Miroku Jyoho Service, Global Tax Free and more.
Karnov Group Overview
About Karnov Group
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.
Founded
1867
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$958M
Karnov Group Financials
Karnov Group reported last 12-month revenue of $292M and EBITDA of $96M.
In the same LTM period, Karnov Group generated $256M in gross profit, $96M in EBITDA, and $86M in net income.
Revenue (LTM)
Karnov Group P&L
In the most recent fiscal year, Karnov Group reported revenue of $296M and EBITDA of $170M.
Karnov Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $292M | XXX | $296M | XXX | XXX | XXX |
| Gross Profit | $256M | XXX | $253M | XXX | XXX | XXX |
| Gross Margin | 88% | XXX | 85% | XXX | XXX | XXX |
| EBITDA | $96M | XXX | $170M | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 57% | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 41% | XXX | XXX | XXX |
| Net Profit | $86M | XXX | $109M | XXX | XXX | XXX |
| Net Margin | 29% | XXX | 37% | XXX | XXX | XXX |
| Net Debt | — | — | $113M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Karnov Group Stock Performance
Karnov Group has current market cap of $823M, and enterprise value of $958M.
Market Cap Evolution
Karnov Group's stock price is $8.40.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $958M | $823M | 0.3% | XXX | XXX | XXX | $1.11 |
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Start Free TrialKarnov Group Valuation Multiples
Karnov Group trades at 3.3x EV/Revenue multiple, and 10.0x EV/EBITDA.
EV / Revenue (LTM)
Karnov Group Financial Valuation Multiples
As of April 20, 2026, Karnov Group has market cap of $823M and EV of $958M.
Equity research analysts estimate Karnov Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Karnov Group has a P/E ratio of 9.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $823M | XXX | $823M | XXX | XXX | XXX |
| EV (current) | $958M | XXX | $958M | XXX | XXX | XXX |
| EV/Revenue | 3.3x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 10.0x | XXX | 5.6x | XXX | XXX | XXX |
| EV/EBIT | 13.6x | XXX | 7.8x | XXX | XXX | XXX |
| EV/Gross Profit | 3.7x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 9.6x | XXX | 7.6x | XXX | XXX | XXX |
| EV/FCF | 14.3x | XXX | 13.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Karnov 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.
Karnov Group Margins & Growth Rates
Karnov Group's revenue in the last 12 month declined by (2%).
Karnov Group's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Karnov Group's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Karnov Group's rule of X is 30% (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).
Karnov Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 57% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (43%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 44% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Karnov Group Public Comps
See public comps and valuation multiples for other Tax & Accounting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Karnov Group | XXX | XXX | XXX | XXX | XXX | XXX |
| LegalZoom | XXX | XXX | XXX | XXX | XXX | XXX |
| Bengo4.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Miroku Jyoho Service | XXX | XXX | XXX | XXX | XXX | XXX |
| Global Tax Free | XXX | XXX | XXX | XXX | XXX | XXX |
| F&M | 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.
Karnov Group M&A Activity
Karnov Group acquired XXX companies to date.
Last acquisition by Karnov Group was on XXXXXXXX, XXXXX. Karnov Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Karnov 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 TrialKarnov Group Investment Activity
Karnov Group invested in XXX companies to date.
Karnov Group made its latest investment on XXXXXXXX, XXXXX. Karnov Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Karnov 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 Karnov Group
| 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 over 1K employees. |
| Who is the CEO of Karnov Group? | Karnov Group's CEO is Pontus Bodelsson. |
| Is Karnov Group publicly listed? | Yes, Karnov Group is a public company listed on Nasdaq Stockholm. |
| 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? | Karnov Group main competitors are LegalZoom, Bengo4.com, Miroku Jyoho Service, Global Tax Free. |
| What is the current market cap of Karnov Group? | Karnov Group's current market cap is $823M. |
| What is the current revenue of Karnov Group? | Karnov Group's last 12 months revenue is $292M. |
| What is the current revenue growth of Karnov Group? | Karnov Group revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Karnov Group? | Current revenue multiple of Karnov Group is 3.3x. |
| Is Karnov Group profitable? | Yes, Karnov Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Karnov Group? | Karnov Group's last 12 months EBITDA is $96M. |
| What is Karnov Group's EBITDA margin? | Karnov Group's last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of Karnov Group? | Current EBITDA multiple of Karnov Group is 10.0x. |
| What is the current FCF of Karnov Group? | Karnov Group's last 12 months FCF is $67M. |
| What is Karnov Group's FCF margin? | Karnov Group's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of Karnov Group? | Current FCF multiple of Karnov Group is 14.3x. |
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