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PubMatic Valuation Multiples
Discover revenue and EBITDA valuation multiples for PubMatic and similar public comparables like Nexxen, Sprout Social, Perion Network, Echo Marketing and more.
PubMatic Overview
About PubMatic
PubMatic Inc is a supply-side platform provider in the digital advertising technology market. These platforms help publishers, which supply digital ad inventory, manage their inventory, selling a high percentage of their inventory (increase the ad fill rate) and maximizing revenue per ad sold (optimize yield). The company generates revenue mainly by taking a piece of the ad sales that it enables. Buyers on the platform include intermediary buyers, such as demand-side platforms, or advertisers and ad agencies directly. Geographically, the company generates the majority of its revenue from the United States, followed by EMEA and APAC.
Founded
2006
HQ
Employees
1.0K
Website
Financials (LTM)
EV
$287M
PubMatic Financials
PubMatic reported last 12-month revenue of $284M and EBITDA of $60M.
In the same LTM period, PubMatic generated $181M in gross profit, $60M in EBITDA, and had net loss of ($16M).
Revenue (LTM)
PubMatic P&L
In the most recent fiscal year, PubMatic reported revenue of $283M and EBITDA of $62M.
PubMatic expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $284M | XXX | $283M | XXX | XXX | XXX |
| Gross Profit | $181M | XXX | $180M | XXX | XXX | XXX |
| Gross Margin | 64% | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $60M | XXX | $62M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | (7%) | XXX | (6%) | XXX | XXX | XXX |
| Net Profit | ($16M) | XXX | ($14M) | XXX | XXX | XXX |
| Net Margin | (6%) | XXX | (5%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
PubMatic Stock Performance
PubMatic has current market cap of $379M, and enterprise value of $287M.
Market Cap Evolution
PubMatic's stock price is $8.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $287M | $379M | 0.0% | XXX | XXX | XXX | $-0.31 |
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Start Free TrialPubMatic Valuation Multiples
PubMatic trades at 1.0x EV/Revenue multiple, and 4.8x EV/EBITDA.
EV / Revenue (LTM)
PubMatic Financial Valuation Multiples
As of March 15, 2026, PubMatic has market cap of $379M and EV of $287M.
Equity research analysts estimate PubMatic's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
PubMatic has a P/E ratio of (23.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $379M | XXX | $379M | XXX | XXX | XXX |
| EV (current) | $287M | XXX | $287M | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 4.8x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBIT | (14.7x) | XXX | (16.6x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| P/E | (23.5x) | XXX | (26.2x) | XXX | XXX | XXX |
| EV/FCF | 6.2x | XXX | 6.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified PubMatic 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.
PubMatic Margins & Growth Rates
PubMatic's revenue in the last 12 month grew by 3%.
PubMatic's revenue per employee in the last FY averaged $0.3M.
PubMatic's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
PubMatic's rule of X is 28% (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).
PubMatic Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | (8%) | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 35% | XXX | 36% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 19% | XXX | 21% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 70% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
PubMatic Public Comps
See public comps and valuation multiples for other AdTech Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nexxen | XXX | XXX | XXX | XXX | XXX | XXX |
| Sprout Social | XXX | XXX | XXX | XXX | XXX | XXX |
| Perion Network | XXX | XXX | XXX | XXX | XXX | XXX |
| Echo Marketing | XXX | XXX | XXX | XXX | XXX | XXX |
| Verve Group | 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.
PubMatic M&A Activity
PubMatic acquired XXX companies to date.
Last acquisition by PubMatic was on XXXXXXXX, XXXXX. PubMatic acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by PubMatic
| 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 TrialPubMatic Investment Activity
PubMatic invested in XXX companies to date.
PubMatic made its latest investment on XXXXXXXX, XXXXX. PubMatic invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by PubMatic
| 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 PubMatic
| When was PubMatic founded? | PubMatic was founded in 2006. |
| Where is PubMatic headquartered? | PubMatic is headquartered in United States. |
| How many employees does PubMatic have? | As of today, PubMatic has over 1K employees. |
| Who is the CEO of PubMatic? | PubMatic's CEO is Rajeev K. Goel. |
| Is PubMatic publicly listed? | Yes, PubMatic is a public company listed on Nasdaq. |
| What is the stock symbol of PubMatic? | PubMatic trades under PUBM ticker. |
| When did PubMatic go public? | PubMatic went public in 2020. |
| Who are competitors of PubMatic? | PubMatic main competitors are Nexxen, Sprout Social, Perion Network, Echo Marketing. |
| What is the current market cap of PubMatic? | PubMatic's current market cap is $379M. |
| What is the current revenue of PubMatic? | PubMatic's last 12 months revenue is $284M. |
| What is the current revenue growth of PubMatic? | PubMatic revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of PubMatic? | Current revenue multiple of PubMatic is 1.0x. |
| Is PubMatic profitable? | Yes, PubMatic is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of PubMatic? | PubMatic's last 12 months EBITDA is $60M. |
| What is PubMatic's EBITDA margin? | PubMatic's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of PubMatic? | Current EBITDA multiple of PubMatic is 4.8x. |
| What is the current FCF of PubMatic? | PubMatic's last 12 months FCF is $47M. |
| What is PubMatic's FCF margin? | PubMatic's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of PubMatic? | Current FCF multiple of PubMatic is 6.2x. |
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