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Morrow Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for Morrow Bank and similar public comparables like Waterstone Financial, Primis Bank, BCO Estado do Para, NorthEast Community and more.
Morrow Bank Overview
About Morrow Bank
Morrow Bank ASA is a Norwegian bank offering convenient payment and financing products to consumers. It is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts, and online point-of-sales finance products to consumers.
Founded
2014
HQ

Employees
64
Website
Financials (LTM)
EV
$376M
Morrow Bank Financials
Morrow Bank reported last 12-month revenue of $157M.
In the same LTM period, Morrow Bank generated $30M in net income.
Revenue (LTM)
Morrow Bank P&L
In the most recent fiscal year, Morrow Bank reported revenue of β and net income of β.
Morrow Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $157M | XXX | β | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | β | XXX | XXX | XXX |
| Net Profit | $30M | XXX | β | XXX | XXX | XXX |
| Net Margin | 19% | XXX | β | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Morrow Bank Stock Performance
Morrow Bank has current market cap of $332M, and enterprise value of $376M.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $376M | $332M | β | XXX | XXX | XXX | β |
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Start Free TrialMorrow Bank Valuation Multiples
Morrow Bank trades at 2.4x EV/Revenue multiple.
Morrow Bank Financial Valuation Multiples
As of March 7, 2026, Morrow Bank has market cap of $332M and EV of $376M.
Equity research analysts estimate Morrow Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Morrow Bank has a P/E ratio of 11.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $332M | XXX | $332M | XXX | XXX | XXX |
| EV (current) | $376M | XXX | $376M | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | β | XXX | XXX | XXX |
| EV/EBIT | 7.7x | XXX | β | XXX | XXX | XXX |
| P/E | 11.2x | XXX | β | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Morrow Bank 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.


Morrow Bank Margins & Growth Rates
Morrow Bank's revenue in the last 12 month grew by 13%.
Morrow Bank's revenue per employee in the last FY averaged $2.5M, while opex per employee averaged $0.6M for the same period.
Morrow Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | β | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $2.5M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.6M | XXX | XXX | XXX |
| Opex to Revenue | 24% | XXX | β | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Morrow Bank Public Comps
See public comps and valuation multiples for other Commercial Banking and Neobanking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Waterstone Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Primis Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| BCO Estado do Para | XXX | XXX | XXX | XXX | XXX | XXX |
| NorthEast Community | XXX | XXX | XXX | XXX | XXX | XXX |
| Parke Bancorp | 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.
Morrow Bank M&A Activity
Morrow Bank acquired XXX companies to date.
Last acquisition by Morrow Bank was on XXXXXXXX, XXXXX. Morrow Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Morrow Bank
| 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 TrialMorrow Bank Investment Activity
Morrow Bank invested in XXX companies to date.
Morrow Bank made its latest investment on XXXXXXXX, XXXXX. Morrow Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Morrow Bank
| 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 Morrow Bank
| When was Morrow Bank founded? | Morrow Bank was founded in 2014. |
| Where is Morrow Bank headquartered? | Morrow Bank is headquartered in Norway. |
| How many employees does Morrow Bank have? | As of today, Morrow Bank has over 64 employees. |
| Is Morrow Bank publicly listed? | Yes, Morrow Bank is a public company listed on Oslo BΓΈrs. |
| What is the stock symbol of Morrow Bank? | Morrow Bank trades under MOBA ticker. |
| When did Morrow Bank go public? | Morrow Bank went public in 2017. |
| Who are competitors of Morrow Bank? | Morrow Bank main competitors are Waterstone Financial, Primis Bank, BCO Estado do Para, NorthEast Community. |
| What is the current market cap of Morrow Bank? | Morrow Bank's current market cap is $332M. |
| What is the current revenue of Morrow Bank? | Morrow Bank's last 12 months revenue is $157M. |
| What is the current revenue growth of Morrow Bank? | Morrow Bank revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Morrow Bank? | Current revenue multiple of Morrow Bank is 2.4x. |
| Is Morrow Bank profitable? | Yes, Morrow Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of Morrow Bank? | Morrow Bank's last 12 months net income is $30M. |
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