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NZX Valuation Multiples
Discover revenue and EBITDA valuation multiples for NZX and similar public comparables like Bolsa de Valores de Colombia, Fintel, wallstreet:online, Philippine Stock Exchange and more.
NZX Overview
About NZX
NZX Ltd facilitates capital raising and securities trading. Its main function is to provide a market for the trading, clearing, and settlement of securities. It also provides market data relating to listed companies and indexes. It operates the New Zealand securities, derivatives, and energy markets, builds and maintains the infrastructure on which it operates, and provides a range of information and data to support market growth and development on a scale. NZX also provides wealth management services for New Zealand advisers via its Wealth Technologies business. Its segments include Markets which generates key revenue, Funds Management, and Wealth Technologies.
Founded
2002
HQ

Employees
343
Website
Financials (LTM)
EV
$286M
NZX Financials
NZX reported last 12-month revenue of $78M and EBITDA of $32M.
In the same LTM period, NZX generated $32M in EBITDA and $13M in net income.
Revenue (LTM)
NZX P&L
In the most recent fiscal year, NZX reported revenue of $77M and EBITDA of $31M.
NZX expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $78M | XXX | $77M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $76M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 98% | XXX | XXX | XXX |
| EBITDA | $32M | XXX | $31M | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 41% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $13M | XXX | $13M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | — | — | $6M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NZX Stock Performance
NZX has current market cap of $269M, and enterprise value of $286M.
Market Cap Evolution
NZX's stock price is $0.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $286M | $269M | -0.0% | XXX | XXX | XXX | $0.04 |
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Start Free TrialNZX Valuation Multiples
NZX trades at 3.6x EV/Revenue multiple, and 9.0x EV/EBITDA.
EV / Revenue (LTM)
NZX Financial Valuation Multiples
As of April 20, 2026, NZX has market cap of $269M and EV of $286M.
Equity research analysts estimate NZX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NZX has a P/E ratio of 20.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $269M | XXX | $269M | XXX | XXX | XXX |
| EV (current) | $286M | XXX | $286M | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.0x | XXX | 9.2x | XXX | XXX | XXX |
| EV/EBIT | 14.5x | XXX | 14.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 20.2x | XXX | 20.9x | XXX | XXX | XXX |
| EV/FCF | 17.7x | XXX | 17.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NZX 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.


NZX Margins & Growth Rates
NZX's revenue in the last 12 month grew by 6%.
NZX's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
NZX's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NZX's rule of X is 60% (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).
NZX Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 37% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 74% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NZX Public Comps
See public comps and valuation multiples for other Stock Exchanges and Financial Data & Information comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NZX | XXX | XXX | XXX | XXX | XXX | XXX |
| Bolsa de Valores de Colombia | XXX | XXX | XXX | XXX | XXX | XXX |
| Fintel | XXX | XXX | XXX | XXX | XXX | XXX |
| wallstreet:online | XXX | XXX | XXX | XXX | XXX | XXX |
| Philippine Stock Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Bureau Asia | 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.
NZX M&A Activity
NZX acquired XXX companies to date.
Last acquisition by NZX was on XXXXXXXX, XXXXX. NZX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NZX
| 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 TrialNZX Investment Activity
NZX invested in XXX companies to date.
NZX made its latest investment on XXXXXXXX, XXXXX. NZX invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NZX
| 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 NZX
| When was NZX founded? | NZX was founded in 2002. |
| Where is NZX headquartered? | NZX is headquartered in New Zealand. |
| How many employees does NZX have? | As of today, NZX has over 343 employees. |
| Is NZX publicly listed? | Yes, NZX is a public company listed on New Zealand Exchange. |
| What is the stock symbol of NZX? | NZX trades under NZX ticker. |
| When did NZX go public? | NZX went public in 2003. |
| Who are competitors of NZX? | NZX main competitors are Bolsa de Valores de Colombia, Fintel, wallstreet:online, Philippine Stock Exchange. |
| What is the current market cap of NZX? | NZX's current market cap is $269M. |
| What is the current revenue of NZX? | NZX's last 12 months revenue is $78M. |
| What is the current revenue growth of NZX? | NZX revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of NZX? | Current revenue multiple of NZX is 3.6x. |
| Is NZX profitable? | Yes, NZX is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of NZX? | NZX's last 12 months EBITDA is $32M. |
| What is NZX's EBITDA margin? | NZX's last 12 months EBITDA margin is 41%. |
| What is the current EV/EBITDA multiple of NZX? | Current EBITDA multiple of NZX is 9.0x. |
| What is the current FCF of NZX? | NZX's last 12 months FCF is $16M. |
| What is NZX's FCF margin? | NZX's last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of NZX? | Current FCF multiple of NZX is 17.7x. |
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