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- Pennon Group
Pennon Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Pennon Group and similar public comparables like Avista, Comgás, Enea S.A., Gibson Energy and more.
Pennon Group Overview
About Pennon Group
Pennon Group PLC is a British water and environmental utility infrastructure company that operates mainly in the United Kingdom. It has smaller operations in the European Union, China, and other countries. The company operates through Water, Non-household retail and other segments. The water business comprises the regulated water and wastewater services undertaken by South West Water. The non-household retail business comprises the services provided by Pennon Water Services in the non-household water and wastewater retail market. Majority of revenue is derived from the water division.
Founded
1989
HQ

Employees
3.9K
Website
Sectors
Financials (LTM)
EV
$9B
Pennon Group Financials
Pennon Group reported last 12-month revenue of $2B and EBITDA of $721M.
In the same LTM period, Pennon Group generated $721M in EBITDA and $179M in net income.
Revenue (LTM)
Pennon Group P&L
In the most recent fiscal year, Pennon Group reported revenue of $1B and EBITDA of $446M.
Pennon Group 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 | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 95% | XXX | XXX | XXX |
| EBITDA | $721M | XXX | $446M | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 31% | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $179M | XXX | ($50M) | XXX | XXX | XXX |
| Net Margin | 10% | XXX | (4%) | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Pennon Group Stock Performance
Pennon Group has current market cap of $3B, and enterprise value of $9B.
Market Cap Evolution
Pennon Group's stock price is $7.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $3B | 0.0% | XXX | XXX | XXX | $-0.11 |
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Start Free TrialPennon Group Valuation Multiples
Pennon Group trades at 5.4x EV/Revenue multiple, and 13.0x EV/EBITDA.
EV / Revenue (LTM)
Pennon Group Financial Valuation Multiples
As of April 20, 2026, Pennon Group has market cap of $3B and EV of $9B.
Equity research analysts estimate Pennon Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Pennon Group has a P/E ratio of 19.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 5.4x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBITDA | 13.0x | XXX | 21.1x | XXX | XXX | XXX |
| EV/EBIT | 20.7x | XXX | 47.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 7.0x | XXX | XXX | XXX |
| P/E | 19.3x | XXX | (69.0x) | XXX | XXX | XXX |
| EV/FCF | (22.8x) | XXX | (12.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Pennon Group 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.


Pennon Group Margins & Growth Rates
Pennon Group's revenue in the last 12 month grew by 7%.
Pennon Group's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Pennon Group's rule of 40 is 54% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Pennon Group's rule of X is 70% (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).
Pennon Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 61% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 54% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 70% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 81% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Pennon Group Public Comps
See public comps and valuation multiples for other Utilities and Energy Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Pennon Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Avista | XXX | XXX | XXX | XXX | XXX | XXX |
| Comgás | XXX | XXX | XXX | XXX | XXX | XXX |
| Enea S.A. | XXX | XXX | XXX | XXX | XXX | XXX |
| Gibson Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| ALDREES Petroleum | 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.
Pennon Group M&A Activity
Pennon Group acquired XXX companies to date.
Last acquisition by Pennon Group was on XXXXXXXX, XXXXX. Pennon Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Pennon Group
| 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 TrialPennon Group Investment Activity
Pennon Group invested in XXX companies to date.
Pennon Group made its latest investment on XXXXXXXX, XXXXX. Pennon Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Pennon Group
| 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 Pennon Group
| When was Pennon Group founded? | Pennon Group was founded in 1989. |
| Where is Pennon Group headquartered? | Pennon Group is headquartered in United Kingdom. |
| How many employees does Pennon Group have? | As of today, Pennon Group has over 3K employees. |
| Is Pennon Group publicly listed? | Yes, Pennon Group is a public company listed on London Stock Exchange. |
| What is the stock symbol of Pennon Group? | Pennon Group trades under PNN ticker. |
| When did Pennon Group go public? | Pennon Group went public in 1989. |
| Who are competitors of Pennon Group? | Pennon Group main competitors are Avista, Comgás, Enea S.A., Gibson Energy. |
| What is the current market cap of Pennon Group? | Pennon Group's current market cap is $3B. |
| What is the current revenue of Pennon Group? | Pennon Group's last 12 months revenue is $2B. |
| What is the current revenue growth of Pennon Group? | Pennon Group revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Pennon Group? | Current revenue multiple of Pennon Group is 5.4x. |
| Is Pennon Group profitable? | Yes, Pennon Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Pennon Group? | Pennon Group's last 12 months EBITDA is $721M. |
| What is Pennon Group's EBITDA margin? | Pennon Group's last 12 months EBITDA margin is 41%. |
| What is the current EV/EBITDA multiple of Pennon Group? | Current EBITDA multiple of Pennon Group is 13.0x. |
| What is the current FCF of Pennon Group? | Pennon Group's last 12 months FCF is ($412M). |
| What is Pennon Group's FCF margin? | Pennon Group's last 12 months FCF margin is (24%). |
| What is the current EV/FCF multiple of Pennon Group? | Current FCF multiple of Pennon Group is (22.8x). |
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