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Munters Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Munters Group and similar public comparables like TOMRA, Plug Power, Cleanaway, China Everbright and more.
Munters Group Overview
About Munters Group
Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments, which are: AirTech, Data Center Technologies, and FoodTech. The majority of the revenue is generated from its AirTech segment, which manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from the United States and the rest from China, Germany, the United Kingdom, Canada, Sweden, and other markets.
Founded
1955
HQ

Employees
5.4K
Website
Financials (LTM)
EV
$5B
Munters Group Financials
Munters Group reported last 12-month revenue of $2B and EBITDA of $266M.
In the same LTM period, Munters Group generated $552M in gross profit, $266M in EBITDA, and $72M in net income.
Revenue (LTM)
Munters Group P&L
In the most recent fiscal year, Munters Group reported revenue of $2B and EBITDA of $250M.
Munters Group 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 | $552M | XXX | $504M | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $266M | XXX | $250M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $72M | XXX | $52M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $511M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Munters Group Stock Performance
Munters Group has current market cap of $4B, and enterprise value of $5B.
Market Cap Evolution
Munters Group's stock price is $21.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | 0.3% | XXX | XXX | XXX | $0.29 |
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Start Free TrialMunters Group Valuation Multiples
Munters Group trades at 2.7x EV/Revenue multiple, and 17.4x EV/EBITDA.
EV / Revenue (LTM)
Munters Group Financial Valuation Multiples
As of April 19, 2026, Munters Group has market cap of $4B and EV of $5B.
Equity research analysts estimate Munters Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Munters Group has a P/E ratio of 54.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 17.4x | XXX | 18.5x | XXX | XXX | XXX |
| EV/EBIT | 25.0x | XXX | 27.1x | XXX | XXX | XXX |
| EV/Gross Profit | 8.4x | XXX | 9.2x | XXX | XXX | XXX |
| P/E | 54.6x | XXX | 75.0x | XXX | XXX | XXX |
| EV/FCF | 49.6x | XXX | 49.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Munters Group 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.


Munters Group Margins & Growth Rates
Munters Group's revenue in the last 12 month grew by 13%.
Munters Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Munters Group's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Munters Group's rule of X is 56% (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).
Munters Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | 21% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 56% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Munters Group Public Comps
See public comps and valuation multiples for other Electrical Parts & Equipment and Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Munters Group | XXX | XXX | XXX | XXX | XXX | XXX |
| TOMRA | XXX | XXX | XXX | XXX | XXX | XXX |
| Plug Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Cleanaway | XXX | XXX | XXX | XXX | XXX | XXX |
| China Everbright | XXX | XXX | XXX | XXX | XXX | XXX |
| Viohalco | 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.
Munters Group M&A Activity
Munters Group acquired XXX companies to date.
Last acquisition by Munters Group was on XXXXXXXX, XXXXX. Munters Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Munters Group
| 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 TrialMunters Group Investment Activity
Munters Group invested in XXX companies to date.
Munters Group made its latest investment on XXXXXXXX, XXXXX. Munters Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Munters Group
| 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 Munters Group
| When was Munters Group founded? | Munters Group was founded in 1955. |
| Where is Munters Group headquartered? | Munters Group is headquartered in Sweden. |
| How many employees does Munters Group have? | As of today, Munters Group has over 5K employees. |
| Who is the CEO of Munters Group? | Munters Group's CEO is Klas Forsstrom. |
| Is Munters Group publicly listed? | Yes, Munters Group is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Munters Group? | Munters Group trades under MTRS ticker. |
| When did Munters Group go public? | Munters Group went public in 2017. |
| Who are competitors of Munters Group? | Munters Group main competitors are TOMRA, Plug Power, Cleanaway, China Everbright. |
| What is the current market cap of Munters Group? | Munters Group's current market cap is $4B. |
| What is the current revenue of Munters Group? | Munters Group's last 12 months revenue is $2B. |
| What is the current revenue growth of Munters Group? | Munters Group revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Munters Group? | Current revenue multiple of Munters Group is 2.7x. |
| Is Munters Group profitable? | Yes, Munters Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Munters Group? | Munters Group's last 12 months EBITDA is $266M. |
| What is Munters Group's EBITDA margin? | Munters Group's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Munters Group? | Current EBITDA multiple of Munters Group is 17.4x. |
| What is the current FCF of Munters Group? | Munters Group's last 12 months FCF is $93M. |
| What is Munters Group's FCF margin? | Munters Group's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Munters Group? | Current FCF multiple of Munters Group is 49.6x. |
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