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Larsen & Toubro Valuation Multiples
Discover revenue and EBITDA valuation multiples for Larsen & Toubro and similar public comparables like Thales, LG Energy Solution, Coherent, Sandvik and more.
Larsen & Toubro Overview
About Larsen & Toubro
Larsen & Toubro Ltd is a technology, engineering, manufacturing, and financial services conglomerate operating globally. It enters into contracts to construct various facilities, develop solutions for offshore and onshore hydrocarbon projects, serve power plants, build ships, and perform other engineering projects. Its integrated capabilities help customers throughout the entire value chain, from design to delivering a project. The company's operating segments are: Infrastructure projects, Energy projects, Hi-Tech Manufacturing, IT & Technology services, Financial services, Development projects, and other segments. A majority of its revenue is generated from the Infrastructure projects segment. Geographically, the group generates maximum revenue from its operations in India.
Founded
1946
HQ
Employees
58.2K
Website
Financials (LTM)
EV
$68B
Larsen & Toubro Financials
Larsen & Toubro reported last 12-month revenue of $32B and EBITDA of $3B.
In the same LTM period, Larsen & Toubro generated $11B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
Larsen & Toubro P&L
In the most recent fiscal year, Larsen & Toubro reported revenue of $30B and EBITDA of $3B.
Larsen & Toubro expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $32B | XXX | $30B | XXX | XXX | XXX |
| Gross Profit | $11B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $13B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Larsen & Toubro Stock Performance
Larsen & Toubro has current market cap of $61B, and enterprise value of $68B.
Market Cap Evolution
Larsen & Toubro's stock price is $44.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $68B | $61B | 0.4% | XXX | XXX | XXX | $1.28 |
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Start Free TrialLarsen & Toubro Valuation Multiples
Larsen & Toubro trades at 2.1x EV/Revenue multiple, and 20.4x EV/EBITDA.
EV / Revenue (LTM)
Larsen & Toubro Financial Valuation Multiples
As of March 7, 2026, Larsen & Toubro has market cap of $61B and EV of $68B.
Equity research analysts estimate Larsen & Toubro's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Larsen & Toubro has a P/E ratio of 31.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $61B | XXX | $61B | XXX | XXX | XXX |
| EV (current) | $68B | XXX | $68B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 20.4x | XXX | 20.1x | XXX | XXX | XXX |
| EV/EBIT | 23.9x | XXX | 23.5x | XXX | XXX | XXX |
| EV/Gross Profit | 6.2x | XXX | 7.5x | XXX | XXX | XXX |
| P/E | 31.4x | XXX | 34.7x | XXX | XXX | XXX |
| EV/FCF | 41.7x | XXX | 60.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Larsen & Toubro 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.
Larsen & Toubro Margins & Growth Rates
Larsen & Toubro's revenue in the last 12 month grew by 16%.
Larsen & Toubro's revenue per employee in the last FY averaged $0.5M.
Larsen & Toubro's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Larsen & Toubro's rule of X is 50% (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).
Larsen & Toubro Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Larsen & Toubro Public Comps
See public comps and valuation multiples for other Construction & Engineering and Defense Systems comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Thales | XXX | XXX | XXX | XXX | XXX | XXX |
| LG Energy Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Coherent | XXX | XXX | XXX | XXX | XXX | XXX |
| Sandvik | XXX | XXX | XXX | XXX | XXX | XXX |
| Ferrovial | 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.
Larsen & Toubro M&A Activity
Larsen & Toubro acquired XXX companies to date.
Last acquisition by Larsen & Toubro was on XXXXXXXX, XXXXX. Larsen & Toubro acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Larsen & Toubro
| 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 TrialLarsen & Toubro Investment Activity
Larsen & Toubro invested in XXX companies to date.
Larsen & Toubro made its latest investment on XXXXXXXX, XXXXX. Larsen & Toubro invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Larsen & Toubro
| 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 Larsen & Toubro
| When was Larsen & Toubro founded? | Larsen & Toubro was founded in 1946. |
| Where is Larsen & Toubro headquartered? | Larsen & Toubro is headquartered in India. |
| How many employees does Larsen & Toubro have? | As of today, Larsen & Toubro has over 58K employees. |
| Is Larsen & Toubro publicly listed? | Yes, Larsen & Toubro is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Larsen & Toubro? | Larsen & Toubro trades under LT ticker. |
| When did Larsen & Toubro go public? | Larsen & Toubro went public in 2004. |
| Who are competitors of Larsen & Toubro? | Larsen & Toubro main competitors are Thales, LG Energy Solution, Coherent, Sandvik. |
| What is the current market cap of Larsen & Toubro? | Larsen & Toubro's current market cap is $61B. |
| What is the current revenue of Larsen & Toubro? | Larsen & Toubro's last 12 months revenue is $32B. |
| What is the current revenue growth of Larsen & Toubro? | Larsen & Toubro revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Larsen & Toubro? | Current revenue multiple of Larsen & Toubro is 2.1x. |
| Is Larsen & Toubro profitable? | Yes, Larsen & Toubro is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Larsen & Toubro? | Larsen & Toubro's last 12 months EBITDA is $3B. |
| What is Larsen & Toubro's EBITDA margin? | Larsen & Toubro's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Larsen & Toubro? | Current EBITDA multiple of Larsen & Toubro is 20.4x. |
| What is the current FCF of Larsen & Toubro? | Larsen & Toubro's last 12 months FCF is $2B. |
| What is Larsen & Toubro's FCF margin? | Larsen & Toubro's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Larsen & Toubro? | Current FCF multiple of Larsen & Toubro is 41.7x. |
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