NIO Valuation Multiples

NIO Overview

About NIO

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 222,000 EVs in 2024, accounting for about 2% of the China passenger new energy vehicle market.

Founded

2014

HQ

Employees

45.7K

Website

nio.com

Sectors

Electric VehiclesClimateTechEnergyTech

Financials (LTM)

Revenue: $15B

EBITDA: ($746M)

EV

$20B

Valuation Multiples

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NIO Financials

NIO reported last 12-month revenue of $15B and negative EBITDA of ($746M).

In the same LTM period, NIO generated $2B in gross profit, ($746M) in EBITDA losses, and had net loss of ($2B).

NIO P&L

In the most recent fiscal year, NIO reported revenue of $13B and EBITDA of ($669M).

NIO expects next 12-month revenue of XXX and NTM EBITDA of XXX

NIO Stock Performance

NIO has current market cap of $17B, and enterprise value of $20B.

NIO's stock price is $6.97.

NIO Valuation Multiples

NIO trades at 1.4x EV/Revenue multiple, and (27.2x) EV/EBITDA.

NIO Financial Valuation Multiples

As of April 19, 2026, NIO has market cap of $17B and EV of $20B.

Equity research analysts estimate NIO's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

NIO has a P/E ratio of (10.2x).

NIO Margins & Growth Rates

NIO's revenue in the last 12 month grew by 38%.

NIO's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

NIO's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

NIO's rule of X is 124% (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).

NIO Public Comps

See public comps and valuation multiples for other Electric Vehicles comps.

NIO M&A Activity

NIO acquired XXX companies to date.

Last acquisition by NIO was on XXXXXXXX, XXXXX. NIO acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

NIO Investment Activity

NIO invested in XXX companies to date.

NIO made its latest investment on XXXXXXXX, XXXXX. NIO invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).