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Keyera Valuation Multiples
Discover revenue and EBITDA valuation multiples for Keyera and similar public comparables like Frontline, National Fuel Gas, APA Group, Torrent Power and more.
Keyera Overview
About Keyera
Keyera Corp is a midstream energy business that operates out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of natural gas liquids, iso-octane, and crude oil. The company operates in three reportable segments namely Gathering and Processing, Liquids Infrastructure and Marketing where Liquids Infrastructure is the key revenue segment.
Founded
2011
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$12B
Keyera Financials
Keyera reported last 12-month revenue of $5B and EBITDA of $915M.
In the same LTM period, Keyera generated $915M in EBITDA and $341M in net income.
Revenue (LTM)
Keyera P&L
In the most recent fiscal year, Keyera reported revenue of $5B and EBITDA of $872M.
Keyera expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $740M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 14% | XXX | XXX | XXX |
| EBITDA | $915M | XXX | $872M | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $341M | XXX | $318M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Keyera Stock Performance
Keyera has current market cap of $9B, and enterprise value of $12B.
Market Cap Evolution
Keyera's stock price is $38.68.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12B | $9B | (0.2%) | XXX | XXX | XXX | $1.39 |
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Start Free TrialKeyera Valuation Multiples
Keyera trades at 2.2x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
Keyera Financial Valuation Multiples
As of March 11, 2026, Keyera has market cap of $9B and EV of $12B.
Equity research analysts estimate Keyera's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Keyera has a P/E ratio of 26.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 13.5x | XXX | XXX | XXX |
| EV/EBIT | 18.7x | XXX | 19.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 15.9x | XXX | XXX | XXX |
| P/E | 26.0x | XXX | 27.9x | XXX | XXX | XXX |
| EV/FCF | 47.4x | XXX | 30.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Keyera 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.
Keyera Margins & Growth Rates
Keyera's revenue in the last 12 month grew by 21%.
Keyera's revenue per employee in the last FY averaged $4.5M.
Keyera's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Keyera's rule of X is 68% (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).
Keyera Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 44% | XXX | 45% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 68% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Keyera Public Comps
See public comps and valuation multiples for other Energy Services and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Frontline | XXX | XXX | XXX | XXX | XXX | XXX |
| National Fuel Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Torrent Power | XXX | XXX | XXX | XXX | XXX | XXX |
| S-Oil | 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.
Keyera M&A Activity
Keyera acquired XXX companies to date.
Last acquisition by Keyera was on XXXXXXXX, XXXXX. Keyera acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Keyera
| 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 TrialKeyera Investment Activity
Keyera invested in XXX companies to date.
Keyera made its latest investment on XXXXXXXX, XXXXX. Keyera invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Keyera
| 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 Keyera
| When was Keyera founded? | Keyera was founded in 2011. |
| Where is Keyera headquartered? | Keyera is headquartered in Canada. |
| How many employees does Keyera have? | As of today, Keyera has over 1K employees. |
| Who is the CEO of Keyera? | Keyera's CEO is C. Dean Setoguchi. |
| Is Keyera publicly listed? | Yes, Keyera is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Keyera? | Keyera trades under KEY ticker. |
| When did Keyera go public? | Keyera went public in 2003. |
| Who are competitors of Keyera? | Keyera main competitors are Frontline, National Fuel Gas, APA Group, Torrent Power. |
| What is the current market cap of Keyera? | Keyera's current market cap is $9B. |
| What is the current revenue of Keyera? | Keyera's last 12 months revenue is $5B. |
| What is the current revenue growth of Keyera? | Keyera revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Keyera? | Current revenue multiple of Keyera is 2.2x. |
| Is Keyera profitable? | Yes, Keyera is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Keyera? | Keyera's last 12 months EBITDA is $915M. |
| What is Keyera's EBITDA margin? | Keyera's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Keyera? | Current EBITDA multiple of Keyera is 12.9x. |
| What is the current FCF of Keyera? | Keyera's last 12 months FCF is $249M. |
| What is Keyera's FCF margin? | Keyera's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Keyera? | Current FCF multiple of Keyera is 47.4x. |
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