Option Valuation Multiples

Option is valued at $7M as of October 2026, a 0.7x revenue multiple. In the last 12 months, Option revenue was $17M and Option EBITDA was $2M.

Option Overview

About Option

Option NV specializes in wireless IoT solutions enabling Machine to Machine (M2M) communication across multiple industries and applications. The company's offerings include CloudGate Gateways, Expansion cards, Metering Device, Sensors, etc. IT supports its CloudGate IoT platform with engineering consulting services that assist customers in the development and implementation of IoT products and solutions.


Founded

1986

HQ

Belgium

Employees

89

Website

option.com

Financials (LTM)

Revenue: $17M
EBITDA: $2M

EV

$12M

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Option Financials

Option reported last 12-month revenue of $17M and EBITDA of $2M.

In the same LTM period, Option generated $2M in EBITDA and had net loss of ($195K).

Revenue (LTM)


Option P&L

In the most recent fiscal year, Option reported revenue of $10M and EBITDA of $468K.

Option is unprofitable as of last fiscal year, with gross margin of 41%, EBITDA margin of 5%, and net margin of (21%).

See analyst estimates for Option
LTMLast FY2025202620272028
Revenue$17M$10M$10M
Gross Profit-$4M$4M
Gross Margin-41%41%
EBITDA$2M$468K$468K
EBITDA Margin9%5%5%
EBIT Margin-(10%)(10%)
Net Profit($195K)($2M)($2M)
Net Margin(1%)(21%)(21%)
Net Debt-$2M-

Financial data powered by Morningstar, Inc.

Option Stock Performance

Option has current market cap of $7M, and enterprise value of $12M.

Market Cap Evolution


Option's stock price is $2.91.

Option share price decreased by 78.7% in the last year.

Option has an EPS (earnings per share) of $-0.86.

See more trading valuation data for Option
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$12M$7M-7.8%--35.9%-78.7%$-0.86

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Option Valuation Multiples

Option trades at 0.7x EV/Revenue multiple, and 7.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Option

EV / Revenue (LTM)


Option Financial Valuation Multiples

As of November 1, 2026, Option has market cap of $7M and EV of $12M.

Option has a P/E ratio of (37.7x).

LTMLast FY2025202620272028
EV/Revenue0.7x1.2x1.2x
EV/EBITDA7.8x25.5x25.5x
EV/EBIT-(12.1x)(12.1x)
EV/Gross Profit-2.8x2.8x
P/E(37.7x)(3.4x)(3.4x)
EV/FCF-(8.0x)(8.0x)

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

Verified Option Valuation Multiples

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Option Margins & Growth Rates

Option grew revenue by 70% and EBITDA by 281% in the last fiscal year.

In the most recent fiscal year, Option reported gross margin of 41%, EBITDA margin of 5%, and net margin of (21%).

See estimated margins and future growth rates for Option

Option Margins

Last FY20252026202720282029
Gross Margin41%41%-
EBITDA Margin5%5%10%
EBIT Margin(10%)(10%)-
Net Margin(21%)(21%)1%
FCF Margin(14%)(14%)-

Option Growth Rates

FY+1/FY25/2626/2727/2828/29
Revenue Growth70%70%
EBITDA Growth281%281%
Net Profit Growth(105%)(105%)

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

Option Operational KPIs

Option's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.

Option's Rule of 40 is 80% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Option's Rule of X is 185% (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 Option
LTMLast FY2025202620272028
Rule of 4034%80%-
Bessemer Rule of X71%185%-
Revenue per Employee-$0.1M-
Opex per Employee-$0.1M-
S&M Expenses to Revenue-4%4%
G&A Expenses to Revenue-7%7%
R&D Expenses to Revenue-9%9%
Opex to Revenue-54%54%

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

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Option Competitors

Option competitors include Optronics Technologies, Swissnet Group, aconnic, Kerlink, Avenir Telecom, ClearOne, Enensys Technologies, Atlinks Group, Vislink Technologies and FREET.

Most Option public comparables operate across Networking Hardware.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Optronics Technologies------
Swissnet Group$25M($406K)1.0x-(61.3x)-
aconnic$54M($4M)0.2x-(2.4x)-
Kerlink$16M($445K)1.0x0.9x(35.3x)(19.0x)
Avenir Telecom$12M($5M)----
ClearOne-($4M)--(2.2x)-
Enensys Technologies$12M($448K)1.2x1.1x(32.3x)(124.2x)
Atlinks Group$29M$837K0.8x-26.2x-

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Option VC Funding History

Before going public, Option raised $2M in total equity funding, across 2 rounds.


Option Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Jul-21Undisclosed stageLDA Capital$880K-Crescent completed a directed equity subscription by LDA Capital Limited on 15 July 2021. The company issued 27,750,000 shares and received EUR0.740925 million through its existing equity put arrangement. The transaction funded its technology business. The recorded amount is the completed subscription, separate from the undrawn EUR9.9million facility ceiling. Crescent subsequently reported these2021 capital increases as investments by LDA Capital Ltd.
Mar-21Undisclosed stageLDA Capital$1M-Crescent completed a directed equity subscription by LDA Capital Limited on 18 March 2021. The company issued 32,500,000 shares and received EUR1.014566 million through its existing equity put arrangement. The transaction funded its technology business. The recorded amount is the completed subscription, separate from the undrawn EUR9.9million facility ceiling. Crescent subsequently reported these2021 capital increases as investments by LDA Capital Ltd.

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About Option

When was Option founded?Option was founded in 1986.
Where is Option headquartered?Option is headquartered in Belgium.
How many employees does Option have?As of today, Option has over 89 employees.
Is Option publicly listed?Yes, Option is a public company listed on Euronext Brussels.
What is the stock symbol of Option?Option trades under OPTI ticker.
When did Option go public?Option went public in 1997.
Who are competitors of Option?Option main competitors include Optronics Technologies, Swissnet Group, aconnic, Kerlink, Avenir Telecom, ClearOne, Enensys Technologies, Atlinks Group, Vislink Technologies, FREET.
What is the current market cap of Option?Option's current market cap is $7M.
What is the current revenue of Option?Option's last 12 months revenue is $17M.
What is the current revenue growth of Option?Option revenue growth (NTM/LTM) is 25%.
What is the current EV/Revenue multiple of Option?Current revenue multiple of Option is 0.7x.
What is the current EBITDA of Option?Option's last 12 months EBITDA is $2M.
What is Option's EBITDA margin?Option's last 12 months EBITDA margin is 9%.
What is the current EV/EBITDA multiple of Option?Current EBITDA multiple of Option is 7.8x.
How many companies Option has acquired to date?Option hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Option has invested to date?Option hasn't invested in any companies yet (or none have been disclosed publicly).

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