🚀 VC round data is live in beta, check it out!
Michelin Valuation Multiples
Discover revenue and EBITDA valuation multiples for Michelin and similar public comparables like Hyundai Mobis, Bridgestone, Fuyao Glass, TVS Motor and more.
Michelin Overview
About Michelin
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the "Road transportation and related distribution" segment.
Founded
1863
HQ
Employees
129.8K
Website
Sectors
Financials (LTM)
EV
$29B
Michelin Financials
Michelin reported last 12-month revenue of $31B and EBITDA of $6B.
In the same LTM period, Michelin generated $9B in gross profit, $6B in EBITDA, and $2B in net income.
Revenue (LTM)
Michelin P&L
In the most recent fiscal year, Michelin reported revenue of $31B and EBITDA of $5B.
Michelin expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $31B | XXX | $31B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $8B | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Michelin Stock Performance
Michelin has current market cap of $26B, and enterprise value of $29B.
Market Cap Evolution
Michelin's stock price is $38.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29B | $26B | 4.2% | XXX | XXX | XXX | $2.89 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialMichelin Valuation Multiples
Michelin trades at 0.9x EV/Revenue multiple, and 5.3x EV/EBITDA.
EV / Revenue (LTM)
Michelin Financial Valuation Multiples
As of April 19, 2026, Michelin has market cap of $26B and EV of $29B.
Equity research analysts estimate Michelin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Michelin has a P/E ratio of 12.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV (current) | $29B | XXX | $29B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 5.3x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBIT | 8.9x | XXX | 9.0x | XXX | XXX | XXX |
| EV/Gross Profit | 3.3x | XXX | 3.5x | XXX | XXX | XXX |
| P/E | 12.8x | XXX | 13.2x | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | 11.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Michelin 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.
Michelin Margins & Growth Rates
Michelin's revenue in the last 12 month grew by 2%.
Michelin's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Michelin's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Michelin's rule of X is 24% (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).
Michelin Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 24% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Michelin Public Comps
See public comps and valuation multiples for other Automotive Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Michelin | XXX | XXX | XXX | XXX | XXX | XXX |
| Hyundai Mobis | XXX | XXX | XXX | XXX | XXX | XXX |
| Bridgestone | XXX | XXX | XXX | XXX | XXX | XXX |
| Fuyao Glass | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Denso | 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.
Michelin M&A Activity
Michelin acquired XXX companies to date.
Last acquisition by Michelin was on XXXXXXXX, XXXXX. Michelin acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Michelin
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialMichelin Investment Activity
Michelin invested in XXX companies to date.
Michelin made its latest investment on XXXXXXXX, XXXXX. Michelin invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Michelin
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Michelin
| When was Michelin founded? | Michelin was founded in 1863. |
| Where is Michelin headquartered? | Michelin is headquartered in France. |
| How many employees does Michelin have? | As of today, Michelin has over 129K employees. |
| Is Michelin publicly listed? | Yes, Michelin is a public company listed on Euronext Paris. |
| What is the stock symbol of Michelin? | Michelin trades under ML ticker. |
| When did Michelin go public? | Michelin went public in 1989. |
| Who are competitors of Michelin? | Michelin main competitors are Hyundai Mobis, Bridgestone, Fuyao Glass, TVS Motor. |
| What is the current market cap of Michelin? | Michelin's current market cap is $26B. |
| What is the current revenue of Michelin? | Michelin's last 12 months revenue is $31B. |
| What is the current revenue growth of Michelin? | Michelin revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Michelin? | Current revenue multiple of Michelin is 0.9x. |
| Is Michelin profitable? | Yes, Michelin is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Michelin? | Michelin's last 12 months EBITDA is $6B. |
| What is Michelin's EBITDA margin? | Michelin's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Michelin? | Current EBITDA multiple of Michelin is 5.3x. |
| What is the current FCF of Michelin? | Michelin's last 12 months FCF is $2B. |
| What is Michelin's FCF margin? | Michelin's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Michelin? | Current FCF multiple of Michelin is 12.2x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.