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Orion Valuation Multiples
Discover revenue and EBITDA valuation multiples for Orion and similar public comparables like Ionis Pharmaceuticals, Jazz Pharmaceuticals, Madrigal Pharmaceuticals, Recordati and more.
Orion Overview
About Orion
Orion Oyj is a globally operating Finnish pharmaceutical company that develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company predominantly focuses on treatments for central nervous system disorders, oncology, and respiratory diseases. Orion's customers include specialists and general practitioners, veterinarians, pharmacies, hospitals, and laboratories. Orion mainly serves Finland but also has a presence in other European countries, North America and other countries.
Founded
2006
HQ

Employees
3.7K
Website
Sectors
Financials (LTM)
EV
$13B
Orion Financials
Orion reported last 12-month revenue of $2B and EBITDA of $835M.
In the same LTM period, Orion generated $1B in gross profit, $835M in EBITDA, and $608M in net income.
Revenue (LTM)
Orion P&L
In the most recent fiscal year, Orion reported revenue of $2B and EBITDA of $819M.
Orion expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 55% | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $835M | XXX | $819M | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| Net Profit | $608M | XXX | $595M | XXX | XXX | XXX |
| Net Margin | 26% | XXX | 26% | XXX | XXX | XXX |
| Net Debt | — | — | $153M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Orion Stock Performance
Orion has current market cap of $12B, and enterprise value of $13B.
Market Cap Evolution
Orion's stock price is $88.36.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $12B | 1.6% | XXX | XXX | XXX | $4.22 |
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Start Free TrialOrion Valuation Multiples
Orion trades at 5.5x EV/Revenue multiple, and 15.1x EV/EBITDA.
EV / Revenue (LTM)
Orion Financial Valuation Multiples
As of April 18, 2026, Orion has market cap of $12B and EV of $13B.
Equity research analysts estimate Orion's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Orion has a P/E ratio of 20.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 5.5x | XXX | 5.6x | XXX | XXX | XXX |
| EV/EBITDA | 15.1x | XXX | 15.4x | XXX | XXX | XXX |
| EV/EBIT | 16.5x | XXX | 16.8x | XXX | XXX | XXX |
| EV/Gross Profit | 10.0x | XXX | 8.8x | XXX | XXX | XXX |
| P/E | 20.5x | XXX | 20.9x | XXX | XXX | XXX |
| EV/FCF | 32.6x | XXX | 39.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Orion 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.


Orion Margins & Growth Rates
Orion's revenue in the last 12 month grew by 10%.
Orion's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Orion's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Orion's rule of X is 61% (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).
Orion Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 61% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 15% | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 31% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Orion Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Orion | XXX | XXX | XXX | XXX | XXX | XXX |
| Ionis Pharmaceuticals | XXX | XXX | XXX | XXX | XXX | XXX |
| Jazz Pharmaceuticals | XXX | XXX | XXX | XXX | XXX | XXX |
| Madrigal Pharmaceuticals | XXX | XXX | XXX | XXX | XXX | XXX |
| Recordati | XXX | XXX | XXX | XXX | XXX | XXX |
| Financiere de Tubize | 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.
Orion M&A Activity
Orion acquired XXX companies to date.
Last acquisition by Orion was on XXXXXXXX, XXXXX. Orion acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Orion
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialOrion Investment Activity
Orion invested in XXX companies to date.
Orion made its latest investment on XXXXXXXX, XXXXX. Orion invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Orion
| 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 Orion
| When was Orion founded? | Orion was founded in 2006. |
| Where is Orion headquartered? | Orion is headquartered in Finland. |
| How many employees does Orion have? | As of today, Orion has over 3K employees. |
| Who is the CEO of Orion? | Orion's CEO is Liisa Hurme. |
| Is Orion publicly listed? | Yes, Orion is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Orion? | Orion trades under ORNBV ticker. |
| When did Orion go public? | Orion went public in 2006. |
| Who are competitors of Orion? | Orion main competitors are Ionis Pharmaceuticals, Jazz Pharmaceuticals, Madrigal Pharmaceuticals, Recordati. |
| What is the current market cap of Orion? | Orion's current market cap is $12B. |
| What is the current revenue of Orion? | Orion's last 12 months revenue is $2B. |
| What is the current revenue growth of Orion? | Orion revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Orion? | Current revenue multiple of Orion is 5.5x. |
| Is Orion profitable? | Yes, Orion is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Orion? | Orion's last 12 months EBITDA is $835M. |
| What is Orion's EBITDA margin? | Orion's last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of Orion? | Current EBITDA multiple of Orion is 15.1x. |
| What is the current FCF of Orion? | Orion's last 12 months FCF is $387M. |
| What is Orion's FCF margin? | Orion's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of Orion? | Current FCF multiple of Orion is 32.6x. |
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