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Navan Valuation Multiples
Discover revenue and EBITDA valuation multiples for Navan and similar public comparables like Amex GBT, TravelSky, Shiji Group, EverCommerce and more.
Navan Overview
About Navan
Navan Inc is an end-to-end, AI-powered software platform built to simplify the world-wide business T&E experience, benefiting users, customers, and suppliers. Its leveraged technology to reimagine business travel. The company deliver delightful, personalized experiences for users, efficiency and control for customers, and direct market access for suppliers-all powered by its proprietary AI framework, Navan Cognition. Geographically, the company operates in United States, United Kingdom and Other countries, of which United States derives maximum revenue.
Founded
2015
HQ
Employees
3.4K
Website
Financials (LTM)
EV
$3B
Navan Financials
Navan reported last 12-month revenue of $734M and EBITDA of $96M.
In the same LTM period, Navan generated $536M in gross profit, $96M in EBITDA, and had net loss of ($346M).
Revenue (LTM)
Navan P&L
In the most recent fiscal year, Navan reported revenue of $702M and EBITDA of $98M.
Navan expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $734M | XXX | $702M | XXX | XXX | XXX |
| Gross Profit | $536M | XXX | $500M | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 71% | XXX | XXX | XXX |
| EBITDA | $96M | XXX | $98M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | ($346M) | XXX | ($398M) | XXX | XXX | XXX |
| Net Margin | (47%) | XXX | (57%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Navan Stock Performance
Navan has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
Navan's stock price is $12.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | -3.6% | XXX | XXX | XXX | $-1.59 |
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Start Free TrialNavan Valuation Multiples
Navan trades at 3.5x EV/Revenue multiple, and 26.6x EV/EBITDA.
EV / Revenue (LTM)
Navan Financial Valuation Multiples
As of April 11, 2026, Navan has market cap of $3B and EV of $3B.
Equity research analysts estimate Navan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Navan has a P/E ratio of (9.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 26.6x | XXX | 26.2x | XXX | XXX | XXX |
| EV/EBIT | 61.9x | XXX | 69.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | 5.1x | XXX | XXX | XXX |
| P/E | (9.0x) | XXX | (7.9x) | XXX | XXX | XXX |
| EV/FCF | 156.5x | XXX | 172.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Navan 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.
Navan Margins & Growth Rates
Navan's revenue in the last 12 month grew by 24%.
Navan's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Navan's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Navan's rule of X is 68% (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).
Navan Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (9%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 68% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 37% | XXX | 49% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | 29% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 14% | XXX | 22% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 99% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Navan Public Comps
See public comps and valuation multiples for other Travel & Hospitality Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Amex GBT | XXX | XXX | XXX | XXX | XXX | XXX |
| TravelSky | XXX | XXX | XXX | XXX | XXX | XXX |
| Shiji Group | XXX | XXX | XXX | XXX | XXX | XXX |
| EverCommerce | XXX | XXX | XXX | XXX | XXX | XXX |
| HBX Group | 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.
Navan M&A Activity
Navan acquired XXX companies to date.
Last acquisition by Navan was on XXXXXXXX, XXXXX. Navan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Navan
| 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 TrialNavan Investment Activity
Navan invested in XXX companies to date.
Navan made its latest investment on XXXXXXXX, XXXXX. Navan invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Navan
| 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 Navan
| When was Navan founded? | Navan was founded in 2015. |
| Where is Navan headquartered? | Navan is headquartered in United States. |
| How many employees does Navan have? | As of today, Navan has over 3K employees. |
| Is Navan publicly listed? | Yes, Navan is a public company listed on Nasdaq. |
| What is the stock symbol of Navan? | Navan trades under NAVN ticker. |
| When did Navan go public? | Navan went public in 2025. |
| Who are competitors of Navan? | Navan main competitors are Amex GBT, TravelSky, Shiji Group, EverCommerce. |
| What is the current market cap of Navan? | Navan's current market cap is $3B. |
| What is the current revenue of Navan? | Navan's last 12 months revenue is $734M. |
| What is the current revenue growth of Navan? | Navan revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Navan? | Current revenue multiple of Navan is 3.5x. |
| Is Navan profitable? | Yes, Navan is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Navan? | Navan's last 12 months EBITDA is $96M. |
| What is Navan's EBITDA margin? | Navan's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Navan? | Current EBITDA multiple of Navan is 26.6x. |
| What is the current FCF of Navan? | Navan's last 12 months FCF is $16M. |
| What is Navan's FCF margin? | Navan's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Navan? | Current FCF multiple of Navan is 156.5x. |
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