Norconsult Valuation Multiples

Discover Norconsult's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Willdan Group, Gülermak, Akfen İnşaat, Great Lakes Dredge & Dock and more.

Norconsult Overview

About Norconsult

Norconsult ASA is principally engaged in the provision of planning and consultancy services for all phases of social planning, engineering design, and architecture projects. The Group also develops and distributes complete IT solutions for project, building, and facility management for infrastructure and property.


Founded

1929

HQ

Norway

Employees

6.5K

Financials (LTM)

Revenue: $1B
EBITDA: $156M

EV

$1B

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Norconsult Financials

Norconsult reported last 12-month revenue of $1B and EBITDA of $156M.

In the same LTM period, Norconsult generated $653M in gross profit, $156M in EBITDA, and $66M in net income.

Revenue (LTM)


Norconsult P&L

In the most recent fiscal year, Norconsult reported revenue of $1B and EBITDA of $150M.

Norconsult is profitable as of last fiscal year, with EBITDA margin of 13% and net margin of 6%.

See analyst estimates for Norconsult
LTMLast FY202320242025202620272028
Revenue$1B$1B$965M$1B$1B
Gross Profit$653M---$623M
Gross Margin58%---54%
EBITDA$156M$150M$119M$112M$149M
EBITDA Margin14%13%12%11%13%
EBIT Margin9%8%7%5%8%
Net Profit$66M$69M$52M$50M$66M
Net Margin6%6%5%5%6%
Net Debt-$12M---

Financial data powered by Morningstar, Inc.

Norconsult Stock Performance

Norconsult has current market cap of $1B, and enterprise value of $1B.

Market Cap Evolution


Norconsult's stock price is $3.75.

Norconsult share price increased by 3.4% in the last 30 days, and decreased by 17.2% in the last year.

Norconsult has an EPS (earnings per share) of $0.22.

See more trading valuation data for Norconsult
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$1B$1B1.1%3.4%-11.2%-17.2%$0.22

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Norconsult Valuation Multiples

Norconsult trades at 1.2x EV/Revenue multiple, and 8.5x EV/EBITDA.

See NTM and 2027E valuation multiples for Norconsult

EV / Revenue (LTM)


Norconsult Financial Valuation Multiples

As of July 3, 2026, Norconsult has market cap of $1B and EV of $1B.

Norconsult has a P/E ratio of 17.6x.

LTMLast FY202320242025202620272028
EV/Revenue1.2x1.1x1.4x1.3x1.1x
EV/EBITDA8.5x8.8x11.1x11.8x8.9x
EV/EBIT13.4x14.1x19.5x23.1x15.2x
EV/Gross Profit2.0x---2.1x
P/E17.6x16.9x22.3x23.2x17.7x
EV/FCF21.1x13.0x15.6x9.5x13.0x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Norconsult Margins & Growth Rates

Norconsult grew revenue by 4% and EBITDA by 7% in the last fiscal year.

In the most recent fiscal year, Norconsult reported EBITDA margin of 13% and net margin of 6%.

See estimated margins and future growth rates for Norconsult

Norconsult Margins

Last FY202420252026202720282029
Gross Margin--54%64%
EBITDA Margin13%11%13%14%
EBIT Margin8%5%8%9%
Net Margin6%5%6%5%
FCF Margin9%13%9%9%

Norconsult Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth4%9%9%4%
Gross Profit Growth---23%
EBITDA Growth7%(6%)33%8%
EBIT Growth10%(16%)52%19%
Net Profit Growth(8%)(4%)31%(3%)
FCF Growth11%65%(27%)11%

Data powered by FactSet, Inc. and Morningstar, Inc.

Norconsult Operational KPIs

Norconsult's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.

Norconsult's Rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Norconsult's Rule of X is 23% (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).

Access forward-looking KPIs for Norconsult
LTMLast FY202320242025202620272028
Rule of 4023%17%---
Bessemer Rule of X37%23%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.2M---
S&M Expenses to Revenue-0%0%0%0%
G&A Expenses to Revenue-9%9%9%9%
Opex to Revenue-92%93%95%92%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Norconsult Competitors

Norconsult competitors include Willdan Group, Gülermak, Akfen İnşaat, Great Lakes Dredge & Dock, Rosetti Marino, Amram Avraham, Afry, Service Stream, ICOP and Israel Shipyards.

Most Norconsult public comparables operate across Construction & Engineering.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Willdan Group1.8x3.1x11.9x13.3x
Gülermak1.3x-6.9x-
Akfen İnşaat7.4x-14.4x-
Great Lakes Dredge & Dock-1.8x-9.1x
Rosetti Marino1.2x1.2x12.9x13.8x
Amram Avraham5.2x-22.1x-
Afry0.6x0.7x7.3x6.9x
Service Stream0.7x0.6x10.9x9.9x

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Acquisitions by Norconsult

Norconsult has acquired 1 company to date.

Last acquisition by Norconsult was on December 17th 2025. Norconsult acquired Metier for $45M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Norconsult

Metier
Description
Metier is a Norway-based firm offering project management, business development, digital transformation consulting, and training programs across energy, construction, and technology sectors.
HQ CountryNorway
HQ City
-
Deal Date17 Dec 2025
Valuation$45M
EV/Revenue
EV/EBITDA

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About Norconsult

When was Norconsult founded?Norconsult was founded in 1929.
Where is Norconsult headquartered?Norconsult is headquartered in Norway.
How many employees does Norconsult have?As of today, Norconsult has over 6K employees.
Who is the CEO of Norconsult?Norconsult's CEO is Egil Hogna.
Is Norconsult publicly listed?Yes, Norconsult is a public company listed on Oslo Børs.
What is the stock symbol of Norconsult?Norconsult trades under NORCO ticker.
When did Norconsult go public?Norconsult went public in 2023.
Who are competitors of Norconsult?Norconsult main competitors include Willdan Group, Gülermak, Akfen İnşaat, Great Lakes Dredge & Dock, Rosetti Marino, Amram Avraham, Afry, Service Stream, ICOP, Israel Shipyards.
What is the current market cap of Norconsult?Norconsult's current market cap is $1B.
What is the current revenue of Norconsult?Norconsult's last 12 months revenue is $1B.
What is the current revenue growth of Norconsult?Norconsult revenue growth (NTM/LTM) is 9%.
What is the current EV/Revenue multiple of Norconsult?Current revenue multiple of Norconsult is 1.2x.
What is the current EBITDA of Norconsult?Norconsult's last 12 months EBITDA is $156M.
What is Norconsult's EBITDA margin?Norconsult's last 12 months EBITDA margin is 14%.
What is the current EV/EBITDA multiple of Norconsult?Current EBITDA multiple of Norconsult is 8.5x.
What is the current FCF of Norconsult?Norconsult's last 12 months FCF is $63M.
What is Norconsult's FCF margin?Norconsult's last 12 months FCF margin is 6%.
What is the current EV/FCF multiple of Norconsult?Current FCF multiple of Norconsult is 21.1x.
How many companies Norconsult has acquired to date?As of July 2026, Norconsult has acquired 1 company.
What was the largest acquisition by Norconsult?$45M acquisition of Metier on 17th December 2025 was the largest M&A Norconsult has done to date.
What companies Norconsult acquired?Norconsult acquired Metier.
In how many companies Norconsult has invested to date?Norconsult hasn't invested in any companies yet (or none have been disclosed publicly).

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