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- Open Text
Open Text Valuation Multiples
Discover revenue and EBITDA valuation multiples for Open Text and similar public comparables like Elastic, CommVault Systems, Wix.com, Docusign and more.
Open Text Overview
About Open Text
Open Text Corp is engaged in the design, development, marketing, and sale of Information Management software and solutions. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). Its platform and services provide secure and scalable solutions for enterprises, SMBs, governments, and consumers around the world. The company's solutions are marketed and delivered on the OpenText Cloud Platform, which is a comprehensive Information Management platform consisting of six business clouds; Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud. Geographically, it derives maximum revenue from the United States.
Founded
1991
HQ

Employees
21.4K
Website
Financials (LTM)
EV
$11B
Open Text Financials
Open Text reported last 12-month revenue of $5B and EBITDA of $2B.
In the same LTM period, Open Text generated $4B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
Open Text P&L
In the most recent fiscal year, Open Text reported revenue of $5B and EBITDA of $2B.
Open Text expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 76% | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Open Text Stock Performance
Open Text has current market cap of $6B, and enterprise value of $11B.
Market Cap Evolution
Open Text's stock price is $23.42.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $6B | 1.3% | XXX | XXX | XXX | $4.02 |
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Start Free TrialOpen Text Valuation Multiples
Open Text trades at 2.1x EV/Revenue multiple, and 6.1x EV/EBITDA.
EV / Revenue (LTM)
Open Text Financial Valuation Multiples
As of April 18, 2026, Open Text has market cap of $6B and EV of $11B.
Equity research analysts estimate Open Text's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Open Text has a P/E ratio of 5.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 6.1x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBIT | 6.6x | XXX | 6.8x | XXX | XXX | XXX |
| EV/Gross Profit | 2.8x | XXX | 3.0x | XXX | XXX | XXX |
| P/E | 5.6x | XXX | 5.8x | XXX | XXX | XXX |
| EV/FCF | 14.4x | XXX | 16.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Open Text 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.


Open Text Margins & Growth Rates
Open Text's revenue in the last 12 month grew by 1%.
Open Text's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Open Text's rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Open Text's rule of X is 38% (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).
Open Text Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 38% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | 20% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 13% | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 52% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Open Text Public Comps
See public comps and valuation multiples for other Content Management Software and IT Operations Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Open Text | XXX | XXX | XXX | XXX | XXX | XXX |
| Elastic | XXX | XXX | XXX | XXX | XXX | XXX |
| CommVault Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Wix.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Docusign | XXX | XXX | XXX | XXX | XXX | XXX |
| Beijing Ultrapower | 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.
Open Text M&A Activity
Open Text acquired XXX companies to date.
Last acquisition by Open Text was on XXXXXXXX, XXXXX. Open Text acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Open Text
| 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 TrialOpen Text Investment Activity
Open Text invested in XXX companies to date.
Open Text made its latest investment on XXXXXXXX, XXXXX. Open Text invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Open Text
| 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 Open Text
| When was Open Text founded? | Open Text was founded in 1991. |
| Where is Open Text headquartered? | Open Text is headquartered in Canada. |
| How many employees does Open Text have? | As of today, Open Text has over 21K employees. |
| Who is the CEO of Open Text? | Open Text's CEO is James McGourlay. |
| Is Open Text publicly listed? | Yes, Open Text is a public company listed on Nasdaq. |
| What is the stock symbol of Open Text? | Open Text trades under OTEX ticker. |
| When did Open Text go public? | Open Text went public in 1996. |
| Who are competitors of Open Text? | Open Text main competitors are Elastic, CommVault Systems, Wix.com, Docusign. |
| What is the current market cap of Open Text? | Open Text's current market cap is $6B. |
| What is the current revenue of Open Text? | Open Text's last 12 months revenue is $5B. |
| What is the current revenue growth of Open Text? | Open Text revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Open Text? | Current revenue multiple of Open Text is 2.1x. |
| Is Open Text profitable? | Yes, Open Text is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Open Text? | Open Text's last 12 months EBITDA is $2B. |
| What is Open Text's EBITDA margin? | Open Text's last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of Open Text? | Current EBITDA multiple of Open Text is 6.1x. |
| What is the current FCF of Open Text? | Open Text's last 12 months FCF is $780M. |
| What is Open Text's FCF margin? | Open Text's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Open Text? | Current FCF multiple of Open Text is 14.4x. |
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