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Nordhealth Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nordhealth and similar public comparables like Optima Health, MTI Ltd., Spok, Value HR and more.
Nordhealth Overview
About Nordhealth
Nordhealth AS is a cloud-based healthcare Software-as-a-Service business. Its flagship products are Provet Cloud and EasyPractice, both cloud-based Practice Management Software for veterinarians and therapists, respectively. It builds software that empowers healthcare professionals to improve patient care, increase efficiency and expand their business. The company has two operating segments namely: Veterinary and Therapy. It operates geographically in Norway, which derives maximum revenue, Finland, the United Kingdom, Sweden, Denmark, Germany and Other countries.
Founded
2021
HQ

Employees
411
Website
Financials (LTM)
EV
$199M
Nordhealth Financials
Nordhealth reported last 12-month revenue of $62M and EBITDA of $2M.
In the same LTM period, Nordhealth generated $50M in gross profit, $2M in EBITDA, and had net loss of ($13M).
Revenue (LTM)
Nordhealth P&L
In the most recent fiscal year, Nordhealth reported revenue of $60M and EBITDA of $1M.
Nordhealth expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $62M | XXX | $60M | XXX | XXX | XXX |
| Gross Profit | $50M | XXX | $49M | XXX | XXX | XXX |
| Gross Margin | 82% | XXX | 81% | XXX | XXX | XXX |
| EBITDA | $2M | XXX | $1M | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 2% | XXX | XXX | XXX |
| EBIT Margin | (18%) | XXX | (19%) | XXX | XXX | XXX |
| Net Profit | ($13M) | XXX | ($15M) | XXX | XXX | XXX |
| Net Margin | (22%) | XXX | (25%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nordhealth Stock Performance
Nordhealth has current market cap of $226M, and enterprise value of $199M.
Market Cap Evolution
Nordhealth's stock price is $2.86.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $199M | $226M | -0.1% | XXX | XXX | XXX | $-0.19 |
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Start Free TrialNordhealth Valuation Multiples
Nordhealth trades at 3.2x EV/Revenue multiple, and 106.2x EV/EBITDA.
EV / Revenue (LTM)
Nordhealth Financial Valuation Multiples
As of April 20, 2026, Nordhealth has market cap of $226M and EV of $199M.
Equity research analysts estimate Nordhealth's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nordhealth has a P/E ratio of (16.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $226M | XXX | $226M | XXX | XXX | XXX |
| EV (current) | $199M | XXX | $199M | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBITDA | 106.2x | XXX | 171.6x | XXX | XXX | XXX |
| EV/EBIT | (18.2x) | XXX | (17.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 3.9x | XXX | 4.1x | XXX | XXX | XXX |
| P/E | (16.9x) | XXX | (15.1x) | XXX | XXX | XXX |
| EV/FCF | (50.3x) | XXX | (42.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nordhealth 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.


Nordhealth Margins & Growth Rates
Nordhealth's revenue in the last 12 month grew by 15%.
Nordhealth's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.2M for the same period.
Nordhealth's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nordhealth's rule of X is 37% (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).
Nordhealth Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | 203% | XXX | 206% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 37% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 106% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nordhealth Public Comps
See public comps and valuation multiples for other Healthcare Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nordhealth | XXX | XXX | XXX | XXX | XXX | XXX |
| Optima Health | XXX | XXX | XXX | XXX | XXX | XXX |
| MTI Ltd. | XXX | XXX | XXX | XXX | XXX | XXX |
| Spok | XXX | XXX | XXX | XXX | XXX | XXX |
| Value HR | XXX | XXX | XXX | XXX | XXX | XXX |
| eWeLL | 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.
Nordhealth M&A Activity
Nordhealth acquired XXX companies to date.
Last acquisition by Nordhealth was on XXXXXXXX, XXXXX. Nordhealth acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nordhealth
| 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 TrialNordhealth Investment Activity
Nordhealth invested in XXX companies to date.
Nordhealth made its latest investment on XXXXXXXX, XXXXX. Nordhealth invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nordhealth
| 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 Nordhealth
| When was Nordhealth founded? | Nordhealth was founded in 2021. |
| Where is Nordhealth headquartered? | Nordhealth is headquartered in Norway. |
| How many employees does Nordhealth have? | As of today, Nordhealth has over 411 employees. |
| Is Nordhealth publicly listed? | Yes, Nordhealth is a public company listed on Oslo Børs. |
| What is the stock symbol of Nordhealth? | Nordhealth trades under NORDH ticker. |
| When did Nordhealth go public? | Nordhealth went public in 2021. |
| Who are competitors of Nordhealth? | Nordhealth main competitors are Optima Health, MTI Ltd., Spok, Value HR. |
| What is the current market cap of Nordhealth? | Nordhealth's current market cap is $226M. |
| What is the current revenue of Nordhealth? | Nordhealth's last 12 months revenue is $62M. |
| What is the current revenue growth of Nordhealth? | Nordhealth revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Nordhealth? | Current revenue multiple of Nordhealth is 3.2x. |
| Is Nordhealth profitable? | Yes, Nordhealth is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nordhealth? | Nordhealth's last 12 months EBITDA is $2M. |
| What is Nordhealth's EBITDA margin? | Nordhealth's last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Nordhealth? | Current EBITDA multiple of Nordhealth is 106.2x. |
| What is the current FCF of Nordhealth? | Nordhealth's last 12 months FCF is ($4M). |
| What is Nordhealth's FCF margin? | Nordhealth's last 12 months FCF margin is (6%). |
| What is the current EV/FCF multiple of Nordhealth? | Current FCF multiple of Nordhealth is (50.3x). |
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