Lumen Valuation Multiples

Lumen Overview

About Lumen

Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017, the 2022 divestiture of much of its local phone business in rural areas, and the 2026 sale of its remaining consumer fiber network to AT&T have shifted the company’s operations away from the legacy consumer business and toward enterprises services, which account for about 90% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access.

Founded

1968

HQ

Employees

24.0K

Website

lumen.com

Sectors

Telecom Service ProvidersData Centers

Financials (LTM)

Revenue: $12B

EBITDA: $3B

EV

$24B

Valuation Multiples

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Lumen Financials

Lumen reported last 12-month revenue of $12B and EBITDA of $3B.

In the same LTM period, Lumen generated $6B in gross profit, $3B in EBITDA, and had net loss of ($202M).

Lumen P&L

In the most recent fiscal year, Lumen reported revenue of $12B and EBITDA of $3B.

Lumen expects next 12-month revenue of XXX and NTM EBITDA of XXX

Lumen Stock Performance

Lumen has current market cap of $7B, and enterprise value of $24B.

Lumen's stock price is $6.80.

Lumen Valuation Multiples

Lumen trades at 2.0x EV/Revenue multiple, and 8.7x EV/EBITDA.

Lumen Financial Valuation Multiples

As of March 15, 2026, Lumen has market cap of $7B and EV of $24B.

Equity research analysts estimate Lumen's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Lumen has a P/E ratio of (34.4x).

Lumen Margins & Growth Rates

Lumen's revenue in the last 12 month declined by (10%).

Lumen's revenue per employee in the last FY averaged $0.5M.

Lumen's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Lumen's rule of X is (4%) (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).

Lumen Public Comps

See public comps and valuation multiples for other Telecom Service Providers and Data Centers comps.

Lumen M&A Activity

Lumen acquired XXX companies to date.

Last acquisition by Lumen was on XXXXXXXX, XXXXX. Lumen acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Lumen Investment Activity

Lumen invested in XXX companies to date.

Lumen made its latest investment on XXXXXXXX, XXXXX. Lumen invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).