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Mphasis Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mphasis and similar public comparables like EXL Service, TIS, Bechtle, Coforge and more.
Mphasis Overview
About Mphasis
Mphasis Ltd is an IT solutions provider which offers application development and integration, business process outsourcing, and infrastructure services such as architecture guidance. The company was formed after the merger of the U.S.-based IT consulting company Mphasis and the Indian IT services company BFL Software. Mphasis serves clients in the financial services, healthcare, telecom, retail, logistics, and technology industries. Mphasis operates in India, Americas, EMEA, and Rest of the world. The company operates through its business segments: banking and financial services, insurance, technology media and telecom, logistics and transportation, and others. It derives maximum revenue from banking and financial services.
Founded
1992
HQ

Employees
24.5K
Website
Sectors
Financials (LTM)
EV
$5B
Mphasis Financials
Mphasis reported last 12-month revenue of $2B and EBITDA of $320M.
In the same LTM period, Mphasis generated $549M in gross profit, $320M in EBITDA, and $202M in net income.
Revenue (LTM)
Mphasis P&L
In the most recent fiscal year, Mphasis reported revenue of $2B and EBITDA of $309M.
Mphasis expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $549M | XXX | $459M | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $320M | XXX | $309M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $202M | XXX | $199M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $14M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mphasis Stock Performance
Mphasis has current market cap of $5B, and enterprise value of $5B.
Market Cap Evolution
Mphasis' stock price is $24.50.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | -1.9% | XXX | XXX | XXX | $1.04 |
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Start Free TrialMphasis Valuation Multiples
Mphasis trades at 2.7x EV/Revenue multiple, and 14.3x EV/EBITDA.
EV / Revenue (LTM)
Mphasis Financial Valuation Multiples
As of April 14, 2026, Mphasis has market cap of $5B and EV of $5B.
Equity research analysts estimate Mphasis' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mphasis has a P/E ratio of 23.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 14.3x | XXX | 14.8x | XXX | XXX | XXX |
| EV/EBIT | 17.6x | XXX | 18.0x | XXX | XXX | XXX |
| EV/Gross Profit | 8.3x | XXX | 10.0x | XXX | XXX | XXX |
| P/E | 23.1x | XXX | 23.5x | XXX | XXX | XXX |
| EV/FCF | 31.0x | XXX | 23.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mphasis 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.


Mphasis Margins & Growth Rates
Mphasis' revenue in the last 12 month grew by 13%.
Mphasis' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Mphasis' rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mphasis' rule of X is 51% (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).
Mphasis Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 14% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mphasis Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mphasis | XXX | XXX | XXX | XXX | XXX | XXX |
| EXL Service | XXX | XXX | XXX | XXX | XXX | XXX |
| TIS | XXX | XXX | XXX | XXX | XXX | XXX |
| Bechtle | XXX | XXX | XXX | XXX | XXX | XXX |
| Coforge | XXX | XXX | XXX | XXX | XXX | XXX |
| Computacenter | 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.
Mphasis M&A Activity
Mphasis acquired XXX companies to date.
Last acquisition by Mphasis was on XXXXXXXX, XXXXX. Mphasis acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mphasis
| 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
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Start Free TrialMphasis Investment Activity
Mphasis invested in XXX companies to date.
Mphasis made its latest investment on XXXXXXXX, XXXXX. Mphasis invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mphasis
| 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 Mphasis
| When was Mphasis founded? | Mphasis was founded in 1992. |
| Where is Mphasis headquartered? | Mphasis is headquartered in India. |
| How many employees does Mphasis have? | As of today, Mphasis has over 24K employees. |
| Who is the CEO of Mphasis? | Mphasis' CEO is Nitin Rakesh. |
| Is Mphasis publicly listed? | Yes, Mphasis is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Mphasis? | Mphasis trades under MPHASIS ticker. |
| When did Mphasis go public? | Mphasis went public in 2004. |
| Who are competitors of Mphasis? | Mphasis main competitors are EXL Service, TIS, Bechtle, Coforge. |
| What is the current market cap of Mphasis? | Mphasis' current market cap is $5B. |
| What is the current revenue of Mphasis? | Mphasis' last 12 months revenue is $2B. |
| What is the current revenue growth of Mphasis? | Mphasis revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Mphasis? | Current revenue multiple of Mphasis is 2.7x. |
| Is Mphasis profitable? | Yes, Mphasis is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mphasis? | Mphasis' last 12 months EBITDA is $320M. |
| What is Mphasis' EBITDA margin? | Mphasis' last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Mphasis? | Current EBITDA multiple of Mphasis is 14.3x. |
| What is the current FCF of Mphasis? | Mphasis' last 12 months FCF is $148M. |
| What is Mphasis' FCF margin? | Mphasis' last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Mphasis? | Current FCF multiple of Mphasis is 31.0x. |
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