Noah Holdings Valuation Multiples

Noah Holdings Overview

About Noah Holdings

Noah Holdings Ltd is a wealth management service provider offering comprehensive advisory services on investment and asset allocation, mainly for Mandarin-speaking high-net-worth (HNW) investors. The company's operating segments are Domestic public securities, Domestic asset management, Domestic insurance, Overseas wealth management, Overseas asset management, Overseas insurance and comprehensive services, and Headquarters. Maximum revenue is generated from its Domestic asset management business, which manages private equity funds, real estate equity funds, and private secondary products. The domestic asset management operations focus on managing primary market exits and cross-border ETF products in the secondary market. Geographically, it derives maximum revenue from Mainland China.

Founded

2007

HQ

Employees

2.0K

Website

noahgroup.com

Sectors

Asset Management

Financials (LTM)

Revenue: $383M

EBITDA: $113M

EV

$43M

Valuation Multiples

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Noah Holdings Financials

Noah Holdings reported last 12-month revenue of $383M and EBITDA of $113M.

In the same LTM period, Noah Holdings generated $113M in EBITDA and $85M in net income.

Noah Holdings P&L

In the most recent fiscal year, Noah Holdings reported revenue of $378M and EBITDA of $115M.

Noah Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX

Noah Holdings Stock Performance

Noah Holdings has current market cap of $758M, and enterprise value of $43M.

Noah Holdings' stock price is $11.54.

Noah Holdings Valuation Multiples

Noah Holdings trades at 0.1x EV/Revenue multiple, and 0.4x EV/EBITDA.

Noah Holdings Financial Valuation Multiples

As of April 10, 2026, Noah Holdings has market cap of $758M and EV of $43M.

Equity research analysts estimate Noah Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Noah Holdings has a P/E ratio of 8.9x.

Noah Holdings Margins & Growth Rates

Noah Holdings' revenue in the last 12 month grew by 5%.

Noah Holdings' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Noah Holdings' rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Noah Holdings' rule of X is 39% (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).

Noah Holdings Public Comps

See public comps and valuation multiples for other Asset Management comps.

Noah Holdings M&A Activity

Noah Holdings acquired XXX companies to date.

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

Noah Holdings Investment Activity

Noah Holdings invested in XXX companies to date.

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