Marston's Valuation Multiples

Marston's Overview

About Marston's

Marston's PLC is a beer brewer and pub operator. It operates more than 1,500 pubs across the United Kingdom under brand names including Marston's Two For One, Milestone Rotisserie, Pitcher & Piano, and Revere. It also licenses and franchises more than 500 other taverns, and it has some locations that offer lodging. The company has five breweries that distribute its beer brands for sale to both out-of-home and at-home customers. Its key beer brands include Hobgoblin, Marston's Pedigree, Wainwright, Ringwood, Brakspear, and Banks's. Roughly 20% of the company's revenue comes from the brewing business; the rest comes from its pub businesses. Virtually all revenue is generated in the United Kingdom.

Founded

1890

HQ

Employees

10.4K

Website

marstons.co.uk

Sectors

AlcoholRestaurants & Nightlife

Financials (LTM)

Revenue: $1B

EBITDA: $279M

EV

$2B

Valuation Multiples

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Marston's Financials

Marston's reported last 12-month revenue of $1B and EBITDA of $279M.

In the same LTM period, Marston's generated $279M in EBITDA and $75M in net income.

Marston's P&L

In the most recent fiscal year, Marston's reported revenue of $1B and EBITDA of $302M.

Marston's expects next 12-month revenue of XXX and NTM EBITDA of XXX

Marston's Stock Performance

Marston's has current market cap of $464M, and enterprise value of $2B.

Marston's' stock price is $0.73.

Marston's Valuation Multiples

Marston's trades at 1.7x EV/Revenue multiple, and 7.5x EV/EBITDA.

Marston's Financial Valuation Multiples

As of April 19, 2026, Marston's has market cap of $464M and EV of $2B.

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

Marston's has a P/E ratio of 6.2x.

Marston's Margins & Growth Rates

Marston's' revenue in the last 12 month grew by 3%.

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

Marston's' rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Marston's' rule of X is 29% (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).

Marston's Public Comps

See public comps and valuation multiples for other Alcohol and Restaurants & Nightlife comps.

Marston's M&A Activity

Marston's acquired XXX companies to date.

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

Marston's Investment Activity

Marston's invested in XXX companies to date.

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