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Modulight Valuation Multiples
Discover revenue and EBITDA valuation multiples for Modulight and similar public comparables like Tobii, SMAIO, Daxor, Pentixapharm Holding and more.
Modulight Overview
About Modulight
Modulight Corp is a biomedical company that designs and manufactures laser devices for the treatment of cancer and eye diseases and for genetics. The company also manufactures products for other high value-add applications such as quantum computing.
Founded
2000
HQ

Employees
70
Website
Financials (LTM)
EV
$49M
Modulight Financials
Modulight reported last 12-month revenue of $9M and EBITDA of $293K.
In the same LTM period, Modulight generated $398K in gross profit, $293K in EBITDA, and had net loss of ($5M).
Revenue (LTM)
Modulight P&L
In the most recent fiscal year, Modulight reported revenue of $8M and EBITDA of ($47K).
Modulight expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9M | XXX | $8M | XXX | XXX | XXX |
| Gross Profit | $398K | XXX | $11M | XXX | XXX | XXX |
| Gross Margin | 4% | XXX | 132% | XXX | XXX | XXX |
| EBITDA | $293K | XXX | ($47K) | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | (1%) | XXX | XXX | XXX |
| EBIT Margin | (55%) | XXX | (65%) | XXX | XXX | XXX |
| Net Profit | ($5M) | XXX | ($5M) | XXX | XXX | XXX |
| Net Margin | (53%) | XXX | (65%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Modulight Stock Performance
Modulight has current market cap of $57M, and enterprise value of $49M.
Market Cap Evolution
Modulight's stock price is $1.35.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $49M | $57M | 0.0% | XXX | XXX | XXX | $-0.13 |
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Start Free TrialModulight Valuation Multiples
Modulight trades at 5.4x EV/Revenue multiple, and 168.1x EV/EBITDA.
EV / Revenue (LTM)
Modulight Financial Valuation Multiples
As of April 19, 2026, Modulight has market cap of $57M and EV of $49M.
Equity research analysts estimate Modulight's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Modulight has a P/E ratio of (12.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $57M | XXX | $57M | XXX | XXX | XXX |
| EV (current) | $49M | XXX | $49M | XXX | XXX | XXX |
| EV/Revenue | 5.4x | XXX | 5.9x | XXX | XXX | XXX |
| EV/EBITDA | 168.1x | XXX | (1045.5x) | XXX | XXX | XXX |
| EV/EBIT | (9.9x) | XXX | (9.1x) | XXX | XXX | XXX |
| EV/Gross Profit | 123.7x | XXX | 4.5x | XXX | XXX | XXX |
| P/E | (12.0x) | XXX | (10.6x) | XXX | XXX | XXX |
| EV/FCF | (7.7x) | XXX | (6.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Modulight 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.


Modulight Margins & Growth Rates
Modulight's revenue in the last 12 month grew by 36%.
Modulight's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.2M for the same period.
Modulight's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Modulight's rule of X is 90% (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).
Modulight Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 36% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Growth | 557% | XXX | (3269%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 90% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 197% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Modulight Public Comps
See public comps and valuation multiples for other Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Modulight | XXX | XXX | XXX | XXX | XXX | XXX |
| Tobii | XXX | XXX | XXX | XXX | XXX | XXX |
| SMAIO | XXX | XXX | XXX | XXX | XXX | XXX |
| Daxor | XXX | XXX | XXX | XXX | XXX | XXX |
| Pentixapharm Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Svas Biosana | 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.
Modulight M&A Activity
Modulight acquired XXX companies to date.
Last acquisition by Modulight was on XXXXXXXX, XXXXX. Modulight acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Modulight
| 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 TrialModulight Investment Activity
Modulight invested in XXX companies to date.
Modulight made its latest investment on XXXXXXXX, XXXXX. Modulight invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Modulight
| 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 Modulight
| When was Modulight founded? | Modulight was founded in 2000. |
| Where is Modulight headquartered? | Modulight is headquartered in Finland. |
| How many employees does Modulight have? | As of today, Modulight has over 70 employees. |
| Is Modulight publicly listed? | Yes, Modulight is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Modulight? | Modulight trades under MODU ticker. |
| When did Modulight go public? | Modulight went public in 2021. |
| Who are competitors of Modulight? | Modulight main competitors are Tobii, SMAIO, Daxor, Pentixapharm Holding. |
| What is the current market cap of Modulight? | Modulight's current market cap is $57M. |
| What is the current revenue of Modulight? | Modulight's last 12 months revenue is $9M. |
| What is the current revenue growth of Modulight? | Modulight revenue growth (NTM/LTM) is 36%. |
| What is the current EV/Revenue multiple of Modulight? | Current revenue multiple of Modulight is 5.4x. |
| Is Modulight profitable? | Yes, Modulight is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Modulight? | Modulight's last 12 months EBITDA is $293K. |
| What is Modulight's EBITDA margin? | Modulight's last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Modulight? | Current EBITDA multiple of Modulight is 168.1x. |
| What is the current FCF of Modulight? | Modulight's last 12 months FCF is ($6M). |
| What is Modulight's FCF margin? | Modulight's last 12 months FCF margin is (71%). |
| What is the current EV/FCF multiple of Modulight? | Current FCF multiple of Modulight is (7.7x). |
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