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Ramco Systems Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ramco Systems and similar public comparables like ActiveOps, oRo Co., Formpipe Software, Fortifai and more.
Ramco Systems Overview
About Ramco Systems
Ramco Systems Ltd develops software and software products for human capital management, payroll, enterprise resource management, monitoring and evaluation, and maintenance, repair, and overhaul providers in the Aviation industry. The company develops software through its enterprise application assembly and delivery platform Ramco VirtualWorks for transaction systems and Ramco Decision Works for analytics/reporting. The product portfolio of the company includes aviation, aerospace & defense management software, enterprise resource planning software, and payroll & logistics software on the cloud. It as only one operating segment which is Software Solutions & Services.
Founded
1997
HQ

Employees
1.7K
Website
Sectors
Financials (LTM)
EV
$167M
Ramco Systems Financials
Ramco Systems reported last 12-month revenue of $75M and EBITDA of $16M.
In the same LTM period, Ramco Systems generated $40M in gross profit, $16M in EBITDA, and $5M in net income.
Revenue (LTM)
Ramco Systems P&L
In the most recent fiscal year, Ramco Systems reported revenue of $69M and EBITDA of $9M.
Ramco Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $75M | XXX | $69M | XXX | XXX | XXX |
| Gross Profit | $40M | XXX | $35M | XXX | XXX | XXX |
| Gross Margin | 53% | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $16M | XXX | $9M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | (0%) | XXX | XXX | XXX |
| Net Profit | $5M | XXX | ($4M) | XXX | XXX | XXX |
| Net Margin | 7% | XXX | (5%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ramco Systems Stock Performance
Ramco Systems has current market cap of $173M, and enterprise value of $167M.
Market Cap Evolution
Ramco Systems' stock price is $4.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $167M | $173M | 0.9% | XXX | XXX | XXX | $-0.10 |
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Start Free TrialRamco Systems Valuation Multiples
Ramco Systems trades at 2.2x EV/Revenue multiple, and 10.6x EV/EBITDA.
EV / Revenue (LTM)
Ramco Systems Financial Valuation Multiples
As of April 11, 2026, Ramco Systems has market cap of $173M and EV of $167M.
Equity research analysts estimate Ramco Systems' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ramco Systems has a P/E ratio of 32.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $173M | XXX | $173M | XXX | XXX | XXX |
| EV (current) | $167M | XXX | $167M | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 10.6x | XXX | 19.0x | XXX | XXX | XXX |
| EV/EBIT | 30.7x | XXX | (1896.7x) | XXX | XXX | XXX |
| EV/Gross Profit | 4.2x | XXX | 4.8x | XXX | XXX | XXX |
| P/E | 32.0x | XXX | (46.6x) | XXX | XXX | XXX |
| EV/FCF | 76.4x | XXX | 47.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ramco Systems 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.


Ramco Systems Margins & Growth Rates
Ramco Systems' revenue in the last 12 month grew by 12%.
Ramco Systems' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Ramco Systems' rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ramco Systems' rule of X is 52% (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).
Ramco Systems Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 78% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ramco Systems Public Comps
See public comps and valuation multiples for other ERP Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ActiveOps | XXX | XXX | XXX | XXX | XXX | XXX |
| oRo Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Formpipe Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortifai | XXX | XXX | XXX | XXX | XXX | XXX |
| Link Bilgisayar | 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.
Ramco Systems M&A Activity
Ramco Systems acquired XXX companies to date.
Last acquisition by Ramco Systems was on XXXXXXXX, XXXXX. Ramco Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ramco Systems
| 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 TrialRamco Systems Investment Activity
Ramco Systems invested in XXX companies to date.
Ramco Systems made its latest investment on XXXXXXXX, XXXXX. Ramco Systems invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ramco Systems
| 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 Ramco Systems
| When was Ramco Systems founded? | Ramco Systems was founded in 1997. |
| Where is Ramco Systems headquartered? | Ramco Systems is headquartered in India. |
| How many employees does Ramco Systems have? | As of today, Ramco Systems has over 1K employees. |
| Is Ramco Systems publicly listed? | Yes, Ramco Systems is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Ramco Systems? | Ramco Systems trades under RAMCOSYS ticker. |
| When did Ramco Systems go public? | Ramco Systems went public in 2000. |
| Who are competitors of Ramco Systems? | Ramco Systems main competitors are ActiveOps, oRo Co., Formpipe Software, Fortifai. |
| What is the current market cap of Ramco Systems? | Ramco Systems' current market cap is $173M. |
| What is the current revenue of Ramco Systems? | Ramco Systems' last 12 months revenue is $75M. |
| What is the current revenue growth of Ramco Systems? | Ramco Systems revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Ramco Systems? | Current revenue multiple of Ramco Systems is 2.2x. |
| Is Ramco Systems profitable? | Yes, Ramco Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ramco Systems? | Ramco Systems' last 12 months EBITDA is $16M. |
| What is Ramco Systems' EBITDA margin? | Ramco Systems' last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Ramco Systems? | Current EBITDA multiple of Ramco Systems is 10.6x. |
| What is the current FCF of Ramco Systems? | Ramco Systems' last 12 months FCF is $2M. |
| What is Ramco Systems' FCF margin? | Ramco Systems' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Ramco Systems? | Current FCF multiple of Ramco Systems is 76.4x. |
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