LTM Ltd Valuation Multiples

LTM Ltd is valued at $13B as of September 2026, a 2.4x revenue multiple. In the last 12 months, LTM Ltd revenue was $4.8B and LTM Ltd EBITDA was $850M.

LTM Ltd Overview

About LTM Ltd

LTIMindtree Ltd is a world-wide technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. The company's segment includes Banking, Financial Services and Insurance; Technology, Media & Communications; Manufacturing and Resources; Consumer Business; and Healthcare, Life sciences & Public Services. It derives maximum revenue from Banking, Financial Services and Insurance segment. Geographically, the company operates in North America, Europe, and Rest of the World.


Founded

1996

HQ

India

Employees

81.7K

Financials (LTM)

Revenue: $4.8B
EBITDA: $850M

EV

$11B

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LTM Ltd Financials

LTM Ltd reported last 12-month revenue of $4.8B and EBITDA of $850M.

In the same LTM period, LTM Ltd generated $1.4B in gross profit, $850M in EBITDA, and $585M in net income.

Revenue (LTM)


LTM Ltd P&L

In the most recent fiscal year, LTM Ltd reported revenue of $4.4B and EBITDA of $781M.

LTM Ltd is profitable as of last fiscal year, with gross margin of 28%, EBITDA margin of 18%, and net margin of 12%.

See analyst estimates for LTM Ltd
LTMLast FY202320242025202620272028
Revenue$4.8B$4.4B$3.7B$3.9B$4.5B
Gross Profit$1.4B$1.2B$1.1B$1.1B$1.3B
Gross Margin30%28%31%28%29%
EBITDA$850M$781M$726M$738M$803M
EBITDA Margin18%18%20%19%18%
EBIT Margin16%15%16%15%15%
Net Profit$585M$523M$475M$481M$533M
Net Margin12%12%13%12%12%
Net Debt-($2M)---

Financial data powered by Morningstar, Inc.

LTM Ltd Stock Performance

LTM Ltd has current market cap of $13B, and enterprise value of $11B.

Market Cap Evolution


LTM Ltd's stock price is $42.56.

LTM Ltd share price decreased by 10.6% in the last 30 days, and by 26.8% in the last year.

LTM Ltd has an EPS (earnings per share) of $1.77.

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EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$11B$13B1.0%-10.6%13.8%-26.8%$1.77

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LTM Ltd Valuation Multiples

LTM Ltd trades at 2.4x EV/Revenue multiple, and 13.3x EV/EBITDA.

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EV / Revenue (LTM)


LTM Ltd Financial Valuation Multiples

As of September 26, 2026, LTM Ltd has market cap of $13B and EV of $11B.

LTM Ltd has a P/E ratio of 21.6x.

LTMLast FY202320242025202620272028
EV/Revenue2.4x2.6x3.1x2.9x2.5x
EV/EBITDA13.3x14.5x15.5x15.3x14.0x
EV/EBIT15.3x16.5x19.5x19.4x16.3x
EV/Gross Profit7.9x9.1x10.0x10.4x8.6x
P/E21.6x24.1x26.5x26.2x23.7x
EV/FCF23.2x30.1x27.2x29.5x24.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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LTM Ltd Margins & Growth Rates

LTM Ltd grew revenue by 14% and EBITDA by 15% in the last fiscal year.

In the most recent fiscal year, LTM Ltd reported gross margin of 28%, EBITDA margin of 18%, and net margin of 12%.

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LTM Ltd Margins

Last FY202420252026202720282029
Gross Margin28%28%29%30%
EBITDA Margin18%19%18%18%
EBIT Margin15%15%15%16%
Net Margin12%12%12%13%
FCF Margin9%10%10%10%

LTM Ltd Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth14%7%15%8%
Gross Profit Growth24%(4%)21%12%
EBITDA Growth15%2%9%8%
EBIT Growth15%0%19%10%
Net Profit Growth22%1%11%15%
FCF Growth36%(8%)21%3%

Data powered by FactSet, Inc. and Morningstar, Inc.

LTM Ltd Operational KPIs

LTM Ltd's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

LTM Ltd's Rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

LTM Ltd's Rule of X is 39% (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).

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LTMLast FY202320242025202620272028
Rule of 4028%26%---
Bessemer Rule of X44%39%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue-0%0%0%0%
G&A Expenses to Revenue-1%1%1%1%
Opex to Revenue-13%15%13%12%

Data powered by FactSet, Inc. and Morningstar, Inc.

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LTM Ltd Competitors

LTM Ltd competitors include Samsung SDS, Indra Sistemas, Elm, CACI International, OBIC, CGI, Unisplendour, Tech Mahindra, CSG Digital Power Grid Research Institute and Leidos.

Most LTM Ltd public comparables operate across IT Consulting.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Samsung SDS$10B$1.2B0.8x0.8x7.4x8.0x
Indra Sistemas$6.2B$688M1.9x1.6x17.4x11.7x
Elm$2.5B$661M4.6x4.1x17.6x16.5x
CACI International$9.6B$1.2B2.0x1.9x16.1x15.4x
OBIC$854M$676M14.6x13.8x18.5x20.3x
CGI$11B$2B1.5x1.4x8.3x7.1x
Unisplendour$14B$648M1.2x1.0x27.5x22.8x
Tech Mahindra$5.9B$907M2.3x2.2x15.1x12.7x

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Acquisitions by LTM Ltd

LTM Ltd has acquired 2 companies to date.

Last acquisition by LTM Ltd was on May 6th 2022. LTM Ltd acquired L&T Infotech for $3.5B (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by LTM Ltd

L&T Infotech
MindTree
Description
L&T Infotech is a Mumbai-headquartered global technology consulting firm with delivery centers in 27 countries, serving over 250 clients in banking, healthcare, manufacturing, and energy sectors. The company accelerates digital transformation through its Mosaic platform, supporting mobile applications, social media integrations, analytics, IoT, and cloud migrations. As the IT arm of Larsen & Toubro Group since 1997, it employs expertise in enterprise solutions for North America, Europe, and Asia.
Mindtree is a Bengaluru-headquartered IT services and consulting company specializing in digital transformation, cloud migration, cybersecurity, and data analytics. It delivers solutions for agile development, testing, and enterprise modernization to clients worldwide. Notable partnerships include Microsoft, AWS, and SAP, with projects for global banks, retailers, and manufacturers. Founded in 1999, Mindtree operates from 18 countries and merged with LTI in 2022 to form LTIMindtree, strengthening its position in application development and infrastructure management services.
HQ CountryUnited StatesIndia
HQ City
Edison, NJ
Bangalore
Deal Date6 May 20226 May 2022
Valuation$3.5B$3.5B
EV/Revenue
EV/EBITDA

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Investments by LTM Ltd

LTM Ltd has invested in 1 company to date.

Latest investment by LTM Ltd was on December 3rd 2024. LTM Ltd invested in Voicing AI in their $10M Strategic investment round (EV/Revenue multiple available to Pro users).

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Latest Investments by LTM Ltd

Voicing AI
Description
Voicing AI is a provider of Agentic AI systems that automate inbound and outbound customer calls using industry-specific training data. Its platform handles sectors such as retail, healthcare, and telecommunications to improve customer experience through scripted interactions, sentiment analysis, and real-time decision-making during phone conversations.
HQ CountryUnited Kingdom
HQ City
-
Deal Date3 Dec 2024
RoundStrategic investment
Raised$10M
InvestorsLTM Ltd
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About LTM Ltd

When was LTM Ltd founded?LTM Ltd was founded in 1996.
Where is LTM Ltd headquartered?LTM Ltd is headquartered in India.
How many employees does LTM Ltd have?As of today, LTM Ltd has over 81K employees.
Who is the CEO of LTM Ltd?LTM Ltd's CEO is Debashis Chatterjee.
Is LTM Ltd publicly listed?Yes, LTM Ltd is a public company listed on Bombay Stock Exchange.
What is the stock symbol of LTM Ltd?LTM Ltd trades under 540005 ticker.
When did LTM Ltd go public?LTM Ltd went public in 2016.
Who are competitors of LTM Ltd?LTM Ltd main competitors include Samsung SDS, Indra Sistemas, Elm, CACI International, OBIC, CGI, Unisplendour, Tech Mahindra, CSG Digital Power Grid Research Institute, Leidos.
What is the current market cap of LTM Ltd?LTM Ltd's current market cap is $13B.
What is the current revenue of LTM Ltd?LTM Ltd's last 12 months revenue is $4.8B.
What is the current revenue growth of LTM Ltd?LTM Ltd revenue growth (NTM/LTM) is 11%.
What is the current EV/Revenue multiple of LTM Ltd?Current revenue multiple of LTM Ltd is 2.4x.
What is the current EBITDA of LTM Ltd?LTM Ltd's last 12 months EBITDA is $850M.
What is LTM Ltd's EBITDA margin?LTM Ltd's last 12 months EBITDA margin is 18%.
What is the current EV/EBITDA multiple of LTM Ltd?Current EBITDA multiple of LTM Ltd is 13.3x.
What is the current FCF of LTM Ltd?LTM Ltd's last 12 months FCF is $486M.
What is LTM Ltd's FCF margin?LTM Ltd's last 12 months FCF margin is 10%.
What is the current EV/FCF multiple of LTM Ltd?Current FCF multiple of LTM Ltd is 23.2x.
How many companies LTM Ltd has acquired to date?As of September 2026, LTM Ltd has acquired 2 companies.
What was the largest acquisition by LTM Ltd?$3.5B acquisition of L&T Infotech on 6th May 2022 was the largest M&A LTM Ltd has done to date.
What companies LTM Ltd acquired?LTM Ltd acquired L&T Infotech and MindTree.
In how many companies LTM Ltd has invested to date?As of September 2026, LTM Ltd has invested in 1 company.
What was the last LTM Ltd investment?On 3rd December 2024 LTM Ltd invested in Voicing AI, participating in a $10M Strategic investment round.
In what companies LTM Ltd invested in?LTM Ltd invested in Voicing AI.

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