🚀 VC round data is live in beta, check it out!
Netbay Valuation Multiples
Discover revenue and EBITDA valuation multiples for Netbay and similar public comparables like Solvvy, Toyokumo, Toku, Xuan Wu Cloud and more.
Netbay Overview
About Netbay
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
Founded
2004
HQ
Employees
111
Website
Sectors
Financials (LTM)
EV
$99M
Netbay Financials
Netbay reported last 12-month revenue of $24M and EBITDA of $12M.
In the same LTM period, Netbay generated $18M in gross profit, $12M in EBITDA, and $9M in net income.
Revenue (LTM)
Netbay P&L
In the most recent fiscal year, Netbay reported revenue of $23M and EBITDA of $12M.
Netbay expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $24M | XXX | $23M | XXX | XXX | XXX |
| Gross Profit | $18M | XXX | $16M | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $12M | XXX | $12M | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 50% | XXX | XXX | XXX |
| EBIT Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| Net Profit | $9M | XXX | $9M | XXX | XXX | XXX |
| Net Margin | 36% | XXX | 36% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Netbay Stock Performance
Netbay has current market cap of $111M, and enterprise value of $99M.
Market Cap Evolution
Netbay's stock price is $0.55.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $99M | $111M | -0.4% | XXX | XXX | XXX | $0.04 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialNetbay Valuation Multiples
Netbay trades at 4.1x EV/Revenue multiple, and 8.2x EV/EBITDA.
EV / Revenue (LTM)
Netbay Financial Valuation Multiples
As of April 14, 2026, Netbay has market cap of $111M and EV of $99M.
Equity research analysts estimate Netbay's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Netbay has a P/E ratio of 12.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $111M | XXX | $111M | XXX | XXX | XXX |
| EV (current) | $99M | XXX | $99M | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.2x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 9.0x | XXX | 9.3x | XXX | XXX | XXX |
| EV/Gross Profit | 5.6x | XXX | 6.0x | XXX | XXX | XXX |
| P/E | 12.6x | XXX | 13.0x | XXX | XXX | XXX |
| EV/FCF | 10.4x | XXX | 10.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Netbay 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.
Netbay Margins & Growth Rates
Netbay's revenue in the last 12 month grew by 12%.
Netbay's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Netbay's rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Netbay's rule of X is 91% (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).
Netbay Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 66% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 91% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Netbay Public Comps
See public comps and valuation multiples for other Communication & Collaboration Software and E-commerce Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Netbay | XXX | XXX | XXX | XXX | XXX | XXX |
| Solvvy | XXX | XXX | XXX | XXX | XXX | XXX |
| Toyokumo | XXX | XXX | XXX | XXX | XXX | XXX |
| Toku | XXX | XXX | XXX | XXX | XXX | XXX |
| Xuan Wu Cloud | XXX | XXX | XXX | XXX | XXX | XXX |
| Sangoma | 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.
Netbay M&A Activity
Netbay acquired XXX companies to date.
Last acquisition by Netbay was on XXXXXXXX, XXXXX. Netbay acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Netbay
| 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
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialNetbay Investment Activity
Netbay invested in XXX companies to date.
Netbay made its latest investment on XXXXXXXX, XXXXX. Netbay invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Netbay
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Netbay
| When was Netbay founded? | Netbay was founded in 2004. |
| Where is Netbay headquartered? | Netbay is headquartered in Thailand. |
| How many employees does Netbay have? | As of today, Netbay has over 111 employees. |
| Is Netbay publicly listed? | Yes, Netbay is a public company listed on Stock Exchange of Thailand. |
| What is the stock symbol of Netbay? | Netbay trades under NETBAY ticker. |
| When did Netbay go public? | Netbay went public in 2016. |
| Who are competitors of Netbay? | Netbay main competitors are Solvvy, Toyokumo, Toku, Xuan Wu Cloud. |
| What is the current market cap of Netbay? | Netbay's current market cap is $111M. |
| What is the current revenue of Netbay? | Netbay's last 12 months revenue is $24M. |
| What is the current revenue growth of Netbay? | Netbay revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Netbay? | Current revenue multiple of Netbay is 4.1x. |
| Is Netbay profitable? | Yes, Netbay is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Netbay? | Netbay's last 12 months EBITDA is $12M. |
| What is Netbay's EBITDA margin? | Netbay's last 12 months EBITDA margin is 50%. |
| What is the current EV/EBITDA multiple of Netbay? | Current EBITDA multiple of Netbay is 8.2x. |
| What is the current FCF of Netbay? | Netbay's last 12 months FCF is $9M. |
| What is Netbay's FCF margin? | Netbay's last 12 months FCF margin is 39%. |
| What is the current EV/FCF multiple of Netbay? | Current FCF multiple of Netbay is 10.4x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.