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Naspers Valuation Multiples
Discover revenue and EBITDA valuation multiples for Naspers and similar public comparables like Rocket Companies, eBay, Trip.com, Copart and more.
Naspers Overview
About Naspers
Naspers Ltd is an Internet and entertainment group and technology investor in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds companies that empower people and enrich communities. It runs some of the platforms in the internet, video entertainment, and media. Naspers operates in various sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms. People use products and services of companies that Naspers has invested in, acquired, or built, including Azos, PharmEasy, ElasticRun, Alwans, and Vegrow among others. Geographically, the company derives maximum revenue from Europe and the rest from Asia, Africa, Latin America, North America, and other regions.
Founded
1915
HQ
Employees
26.9K
Website
Financials (LTM)
EV
$37B
Naspers Financials
Naspers reported last 12-month revenue of $11B and EBITDA of $931M.
In the same LTM period, Naspers generated $4B in gross profit, $931M in EBITDA, and $5B in net income.
Revenue (LTM)
Naspers P&L
In the most recent fiscal year, Naspers reported revenue of $7B and EBITDA of $13B.
Naspers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $931M | XXX | $13B | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 185% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Net Margin | 44% | XXX | 74% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Naspers Stock Performance
Naspers has current market cap of $41B, and enterprise value of $37B.
Market Cap Evolution
Naspers' stock price is $53.99.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $37B | $41B | -1.5% | XXX | XXX | XXX | $6.94 |
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Start Free TrialNaspers Valuation Multiples
Naspers trades at 3.5x EV/Revenue multiple, and 39.9x EV/EBITDA.
EV / Revenue (LTM)
Naspers Financial Valuation Multiples
As of April 14, 2026, Naspers has market cap of $41B and EV of $37B.
Equity research analysts estimate Naspers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Naspers has a P/E ratio of 9.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $41B | XXX | $41B | XXX | XXX | XXX |
| EV (current) | $37B | XXX | $37B | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 5.2x | XXX | XXX | XXX |
| EV/EBITDA | 39.9x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBIT | 59.5x | XXX | 299.4x | XXX | XXX | XXX |
| EV/Gross Profit | 8.3x | XXX | 12.8x | XXX | XXX | XXX |
| P/E | 9.0x | XXX | 7.8x | XXX | XXX | XXX |
| EV/FCF | 26.9x | XXX | 21.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Naspers 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.
Naspers Margins & Growth Rates
Naspers' revenue in the last 12 month grew by 21%.
Naspers' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Naspers' rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Naspers' rule of X is 76% (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).
Naspers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 45% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 185% | XXX | XXX | XXX |
| EBITDA Growth | 34% | XXX | (93%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 76% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 39% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 39% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Naspers Public Comps
See public comps and valuation multiples for other Consumer Marketplaces and Vertical Marketplaces comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Naspers | XXX | XXX | XXX | XXX | XXX | XXX |
| Rocket Companies | XXX | XXX | XXX | XXX | XXX | XXX |
| eBay | XXX | XXX | XXX | XXX | XXX | XXX |
| Trip.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Copart | XXX | XXX | XXX | XXX | XXX | XXX |
| Sea | 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.
Naspers M&A Activity
Naspers acquired XXX companies to date.
Last acquisition by Naspers was on XXXXXXXX, XXXXX. Naspers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Naspers
| 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 TrialNaspers Investment Activity
Naspers invested in XXX companies to date.
Naspers made its latest investment on XXXXXXXX, XXXXX. Naspers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Naspers
| 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 Naspers
| When was Naspers founded? | Naspers was founded in 1915. |
| Where is Naspers headquartered? | Naspers is headquartered in South Africa. |
| How many employees does Naspers have? | As of today, Naspers has over 26K employees. |
| Who is the CEO of Naspers? | Naspers' CEO is Fabricio Bloisi. |
| Is Naspers publicly listed? | Yes, Naspers is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Naspers? | Naspers trades under NPN ticker. |
| When did Naspers go public? | Naspers went public in 1994. |
| Who are competitors of Naspers? | Naspers main competitors are Rocket Companies, eBay, Trip.com, Copart. |
| What is the current market cap of Naspers? | Naspers' current market cap is $41B. |
| What is the current revenue of Naspers? | Naspers' last 12 months revenue is $11B. |
| What is the current revenue growth of Naspers? | Naspers revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Naspers? | Current revenue multiple of Naspers is 3.5x. |
| Is Naspers profitable? | Yes, Naspers is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Naspers? | Naspers' last 12 months EBITDA is $931M. |
| What is Naspers' EBITDA margin? | Naspers' last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Naspers? | Current EBITDA multiple of Naspers is 39.9x. |
| What is the current FCF of Naspers? | Naspers' last 12 months FCF is $1B. |
| What is Naspers' FCF margin? | Naspers' last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Naspers? | Current FCF multiple of Naspers is 26.9x. |
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