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OPAP Holding Valuation Multiples
Discover revenue and EBITDA valuation multiples for OPAP Holding and similar public comparables like Churchill Downs, Boyd Gaming, MGM China Holdings, Lottomatica Group and more.
OPAP Holding Overview
About OPAP Holding
OPAP Holding SA, formerly known as Greek Organisation of Football Prognostics SA, is a gambling company that operates lotteries and sports betting, including horse races. The company is the exclusive gambling provider in Greece. The firm is organized into segments based on the type of game: Lotteries, Betting, Online betting, other online games, instant and passive, Vlts, Telecom and emoney services and others. The gaming services are provided either online or through physical retailers. The company generates the vast majority of its revenue in Greece.
Founded
1958
HQ
Employees
1.9K
Website
Financials (LTM)
EV
$7B
OPAP Holding Financials
OPAP Holding reported last 12-month revenue of $3B and EBITDA of $985M.
In the same LTM period, OPAP Holding generated $2B in gross profit, $985M in EBITDA, and $600M in net income.
OPAP Holding P&L
In the most recent fiscal year, OPAP Holding reported revenue of $2B and EBITDA of $971M.
OPAP Holding expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 68% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $985M | XXX | $971M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 53% | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 44% | XXX | XXX | XXX |
| Net Profit | $600M | XXX | $565M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 31% | XXX | XXX | XXX |
| Net Debt | — | — | $188M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
OPAP Holding Stock Performance
OPAP Holding has current market cap of $6B, and enterprise value of $7B.
OPAP Holding's stock price is $17.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $6B | (8.1%) | XXX | XXX | XXX | $1.57 |
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Start Free TrialOPAP Holding Valuation Multiples
OPAP Holding trades at 2.3x EV/Revenue multiple, and 6.7x EV/EBITDA.
OPAP Holding Financial Valuation Multiples
As of March 8, 2026, OPAP Holding has market cap of $6B and EV of $7B.
Equity research analysts estimate OPAP Holding's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
OPAP Holding has a P/E ratio of 10.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 6.7x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBIT | 8.0x | XXX | 8.1x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | 5.9x | XXX | XXX | XXX |
| P/E | 10.5x | XXX | 11.2x | XXX | XXX | XXX |
| EV/FCF | 8.8x | XXX | 8.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified OPAP Holding 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.
OPAP Holding Margins & Growth Rates
OPAP Holding's revenue in the last 12 month grew by 3%.
OPAP Holding's revenue per employee in the last FY averaged $1.5M.
OPAP Holding's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
OPAP Holding's rule of X is 42% (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).
OPAP Holding Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 53% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 53% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
OPAP Holding Public Comps
See public comps and valuation multiples for other Online Betting and Casinos & Gambling comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Churchill Downs | XXX | XXX | XXX | XXX | XXX | XXX |
| Boyd Gaming | XXX | XXX | XXX | XXX | XXX | XXX |
| MGM China Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Lottomatica Group | XXX | XXX | XXX | XXX | XXX | XXX |
| FDJ United | 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.
OPAP Holding M&A Activity
OPAP Holding acquired XXX companies to date.
Last acquisition by OPAP Holding was on XXXXXXXX, XXXXX. OPAP Holding acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by OPAP Holding
| 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 TrialOPAP Holding Investment Activity
OPAP Holding invested in XXX companies to date.
OPAP Holding made its latest investment on XXXXXXXX, XXXXX. OPAP Holding invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by OPAP Holding
| 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 OPAP Holding
| When was OPAP Holding founded? | OPAP Holding was founded in 1958. |
| Where is OPAP Holding headquartered? | OPAP Holding is headquartered in Greece. |
| How many employees does OPAP Holding have? | As of today, OPAP Holding has over 1K employees. |
| Is OPAP Holding publicly listed? | Yes, OPAP Holding is a public company listed on Athens Stock Exchange. |
| What is the stock symbol of OPAP Holding? | OPAP Holding trades under OPAP ticker. |
| When did OPAP Holding go public? | OPAP Holding went public in 2001. |
| Who are competitors of OPAP Holding? | OPAP Holding main competitors are Churchill Downs, Boyd Gaming, MGM China Holdings, Lottomatica Group. |
| What is the current market cap of OPAP Holding? | OPAP Holding's current market cap is $6B. |
| What is the current revenue of OPAP Holding? | OPAP Holding's last 12 months revenue is $3B. |
| What is the current revenue growth of OPAP Holding? | OPAP Holding revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of OPAP Holding? | Current revenue multiple of OPAP Holding is 2.3x. |
| Is OPAP Holding profitable? | Yes, OPAP Holding is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of OPAP Holding? | OPAP Holding's last 12 months EBITDA is $985M. |
| What is OPAP Holding's EBITDA margin? | OPAP Holding's last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of OPAP Holding? | Current EBITDA multiple of OPAP Holding is 6.7x. |
| What is the current FCF of OPAP Holding? | OPAP Holding's last 12 months FCF is $749M. |
| What is OPAP Holding's FCF margin? | OPAP Holding's last 12 months FCF margin is 27%. |
| What is the current EV/FCF multiple of OPAP Holding? | Current FCF multiple of OPAP Holding is 8.8x. |
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