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- Rai Way
Rai Way Valuation Multiples
Discover revenue and EBITDA valuation multiples for Rai Way and similar public comparables like SUNeVision, Liberty Latin America, Sarana Menara Nusantara, HFCL and more.
Rai Way Overview
About Rai Way
Rai Way SpA is an Italy-based company which operates activity of signal transmission and a broadcasting network of RAI group. The services provided by the company include broadcasting services, transmission services, tower Rental Services and network Services. The company serves its customer by providing implementation and management of the main broadcasting processes which include analog and digital, terrestrial and satellite, for audio, video and data signals, television signals through connecting network. The company allows its clients to have the availability of tower and civil infrastructures to install radio transmitters, planning, construction, installation, management of electronic and telecommunications networks. It provides services throughout Italy.
Founded
1999
HQ

Employees
585
Website
Sectors
Financials (LTM)
EV
$2B
Rai Way Financials
Rai Way reported last 12-month revenue of $333M and EBITDA of $222M.
In the same LTM period, Rai Way generated $222M in EBITDA and $104M in net income.
Revenue (LTM)
Rai Way P&L
In the most recent fiscal year, Rai Way reported revenue of $325M and EBITDA of $216M.
Rai Way expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $333M | XXX | $325M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $324M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $222M | XXX | $216M | XXX | XXX | XXX |
| EBITDA Margin | 66% | XXX | 66% | XXX | XXX | XXX |
| EBIT Margin | 46% | XXX | 48% | XXX | XXX | XXX |
| Net Profit | $104M | XXX | $106M | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 33% | XXX | XXX | XXX |
| Net Debt | — | — | $111M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Rai Way Stock Performance
Rai Way has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Rai Way's stock price is $7.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $0.39 |
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Start Free TrialRai Way Valuation Multiples
Rai Way trades at 5.8x EV/Revenue multiple, and 8.7x EV/EBITDA.
EV / Revenue (LTM)
Rai Way Financial Valuation Multiples
As of April 20, 2026, Rai Way has market cap of $2B and EV of $2B.
Equity research analysts estimate Rai Way's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Rai Way has a P/E ratio of 18.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 5.8x | XXX | 6.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.7x | XXX | 9.0x | XXX | XXX | XXX |
| EV/EBIT | 12.7x | XXX | 12.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.0x | XXX | XXX | XXX |
| P/E | 18.5x | XXX | 18.1x | XXX | XXX | XXX |
| EV/FCF | 14.0x | XXX | 20.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Rai Way 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.


Rai Way Margins & Growth Rates
Rai Way's revenue in the last 12 month grew by 5%.
Rai Way's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
Rai Way's rule of 40 is 70% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Rai Way's rule of X is 77% (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).
Rai Way Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 66% | XXX | 66% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 70% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 77% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 52% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Rai Way Public Comps
See public comps and valuation multiples for other Telecom Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Rai Way | XXX | XXX | XXX | XXX | XXX | XXX |
| SUNeVision | XXX | XXX | XXX | XXX | XXX | XXX |
| Liberty Latin America | XXX | XXX | XXX | XXX | XXX | XXX |
| Sarana Menara Nusantara | XXX | XXX | XXX | XXX | XXX | XXX |
| HFCL | XXX | XXX | XXX | XXX | XXX | XXX |
| GCI Liberty | 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.
Rai Way M&A Activity
Rai Way acquired XXX companies to date.
Last acquisition by Rai Way was on XXXXXXXX, XXXXX. Rai Way acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Rai Way
| 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 TrialRai Way Investment Activity
Rai Way invested in XXX companies to date.
Rai Way made its latest investment on XXXXXXXX, XXXXX. Rai Way invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Rai Way
| 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 Rai Way
| When was Rai Way founded? | Rai Way was founded in 1999. |
| Where is Rai Way headquartered? | Rai Way is headquartered in Italy. |
| How many employees does Rai Way have? | As of today, Rai Way has over 585 employees. |
| Who is the CEO of Rai Way? | Rai Way's CEO is Roberto Cecatto. |
| Is Rai Way publicly listed? | Yes, Rai Way is a public company listed on Borsa Italiana. |
| What is the stock symbol of Rai Way? | Rai Way trades under RWAY ticker. |
| When did Rai Way go public? | Rai Way went public in 2014. |
| Who are competitors of Rai Way? | Rai Way main competitors are SUNeVision, Liberty Latin America, Sarana Menara Nusantara, HFCL. |
| What is the current market cap of Rai Way? | Rai Way's current market cap is $2B. |
| What is the current revenue of Rai Way? | Rai Way's last 12 months revenue is $333M. |
| What is the current revenue growth of Rai Way? | Rai Way revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Rai Way? | Current revenue multiple of Rai Way is 5.8x. |
| Is Rai Way profitable? | Yes, Rai Way is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Rai Way? | Rai Way's last 12 months EBITDA is $222M. |
| What is Rai Way's EBITDA margin? | Rai Way's last 12 months EBITDA margin is 66%. |
| What is the current EV/EBITDA multiple of Rai Way? | Current EBITDA multiple of Rai Way is 8.7x. |
| What is the current FCF of Rai Way? | Rai Way's last 12 months FCF is $139M. |
| What is Rai Way's FCF margin? | Rai Way's last 12 months FCF margin is 42%. |
| What is the current EV/FCF multiple of Rai Way? | Current FCF multiple of Rai Way is 14.0x. |
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