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Ninebot Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ninebot and similar public comparables like Pony AI, Brunswick, Archer Aviation, Technogym and more.
Ninebot Overview
About Ninebot
Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting.
Founded
2014
HQ

Employees
N/A
Website
Sectors
Financials (LTM)
EV
$3B
Ninebot Financials
Ninebot reported last 12-month revenue of $3B and EBITDA of $347M.
In the same LTM period, Ninebot generated $983M in gross profit, $347M in EBITDA, and $278M in net income.
Revenue (LTM)
Ninebot P&L
In the most recent fiscal year, Ninebot reported revenue of $3B and EBITDA of $352M.
Ninebot expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $983M | XXX | $925M | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $347M | XXX | $352M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $278M | XXX | $258M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ninebot Stock Performance
Ninebot has current market cap of $5B, and enterprise value of $3B.
Market Cap Evolution
Ninebot's stock price is $6.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $5B | 1.4% | XXX | XXX | XXX | $0.36 |
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Start Free TrialNinebot Valuation Multiples
Ninebot trades at 1.0x EV/Revenue multiple, and 9.6x EV/EBITDA.
EV / Revenue (LTM)
Ninebot Financial Valuation Multiples
As of April 17, 2026, Ninebot has market cap of $5B and EV of $3B.
Equity research analysts estimate Ninebot's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ninebot has a P/E ratio of 17.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 9.6x | XXX | 9.4x | XXX | XXX | XXX |
| EV/EBIT | 9.9x | XXX | 10.8x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | 3.6x | XXX | XXX | XXX |
| P/E | 17.4x | XXX | 18.8x | XXX | XXX | XXX |
| EV/FCF | 8.2x | XXX | 7.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ninebot 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.


Ninebot Margins & Growth Rates
Ninebot's revenue in the last 12 month grew by 27%.
Ninebot's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ninebot's rule of X is 78% (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).
Ninebot Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 34% | XXX | 23% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 78% | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 7% | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ninebot Public Comps
See public comps and valuation multiples for other Sports & Leisure and Electric Vehicles comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ninebot | XXX | XXX | XXX | XXX | XXX | XXX |
| Pony AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Brunswick | XXX | XXX | XXX | XXX | XXX | XXX |
| Archer Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Technogym | XXX | XXX | XXX | XXX | XXX | XXX |
| Puma | 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.
Ninebot M&A Activity
Ninebot acquired XXX companies to date.
Last acquisition by Ninebot was on XXXXXXXX, XXXXX. Ninebot acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ninebot
| 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 TrialNinebot Investment Activity
Ninebot invested in XXX companies to date.
Ninebot made its latest investment on XXXXXXXX, XXXXX. Ninebot invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ninebot
| 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 Ninebot
| When was Ninebot founded? | Ninebot was founded in 2014. |
| Where is Ninebot headquartered? | Ninebot is headquartered in China. |
| Is Ninebot publicly listed? | Yes, Ninebot is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of Ninebot? | Ninebot trades under 689009 ticker. |
| When did Ninebot go public? | Ninebot went public in 2020. |
| Who are competitors of Ninebot? | Ninebot main competitors are Pony AI, Brunswick, Archer Aviation, Technogym. |
| What is the current market cap of Ninebot? | Ninebot's current market cap is $5B. |
| What is the current revenue of Ninebot? | Ninebot's last 12 months revenue is $3B. |
| What is the current revenue growth of Ninebot? | Ninebot revenue growth (NTM/LTM) is 27%. |
| What is the current EV/Revenue multiple of Ninebot? | Current revenue multiple of Ninebot is 1.0x. |
| Is Ninebot profitable? | Yes, Ninebot is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ninebot? | Ninebot's last 12 months EBITDA is $347M. |
| What is Ninebot's EBITDA margin? | Ninebot's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Ninebot? | Current EBITDA multiple of Ninebot is 9.6x. |
| What is the current FCF of Ninebot? | Ninebot's last 12 months FCF is $405M. |
| What is Ninebot's FCF margin? | Ninebot's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Ninebot? | Current FCF multiple of Ninebot is 8.2x. |
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