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Ratch Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ratch Group and similar public comparables like Geregu Power, Marafiq, Promigas, Tabreed and more.
Ratch Group Overview
About Ratch Group
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments Domestic Electricity Generating, Renewable Energy, International Power Projects, and Related Business & Infrastructure. The majority of revenue is from the domestic Electricity Generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
Founded
2000
HQ

Employees
586
Website
Sectors
Financials (LTM)
EV
$5B
Ratch Group Financials
Ratch Group reported last 12-month revenue of $956M and EBITDA of $285M.
In the same LTM period, Ratch Group generated $255M in gross profit, $285M in EBITDA, and $205M in net income.
Revenue (LTM)
Ratch Group P&L
In the most recent fiscal year, Ratch Group reported revenue of $877M and EBITDA of $483M.
Ratch Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $956M | XXX | $877M | XXX | XXX | XXX |
| Gross Profit | $255M | XXX | $166M | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 19% | XXX | XXX | XXX |
| EBITDA | $285M | XXX | $483M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 55% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $205M | XXX | $203M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ratch Group Stock Performance
Ratch Group has current market cap of $2B, and enterprise value of $5B.
Market Cap Evolution
Ratch Group's stock price is $0.95.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $2B | 0.8% | XXX | XXX | XXX | $0.09 |
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Start Free TrialRatch Group Valuation Multiples
Ratch Group trades at 5.2x EV/Revenue multiple, and 17.5x EV/EBITDA.
EV / Revenue (LTM)
Ratch Group Financial Valuation Multiples
As of April 11, 2026, Ratch Group has market cap of $2B and EV of $5B.
Equity research analysts estimate Ratch Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ratch Group has a P/E ratio of 10.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | 17.5x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBIT | 25.8x | XXX | 27.1x | XXX | XXX | XXX |
| EV/Gross Profit | 19.5x | XXX | 29.9x | XXX | XXX | XXX |
| P/E | 10.1x | XXX | 10.2x | XXX | XXX | XXX |
| EV/FCF | (182.2x) | XXX | 14.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ratch 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.


Ratch Group Margins & Growth Rates
Ratch Group's revenue in the last 12 month grew by 17%.
Ratch Group's revenue per employee in the last FY averaged $1.5M, while opex per employee averaged $0.2M for the same period.
Ratch Group's rule of 40 is 65% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ratch Group's rule of X is 122% (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).
Ratch Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 55% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | (35%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 65% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 122% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ratch Group Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Geregu Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Marafiq | XXX | XXX | XXX | XXX | XXX | XXX |
| Promigas | XXX | XXX | XXX | XXX | XXX | XXX |
| Tabreed | XXX | XXX | XXX | XXX | XXX | XXX |
| Energa | 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.
Ratch Group M&A Activity
Ratch Group acquired XXX companies to date.
Last acquisition by Ratch Group was on XXXXXXXX, XXXXX. Ratch Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ratch 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 |
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Start Free TrialRatch Group Investment Activity
Ratch Group invested in XXX companies to date.
Ratch Group made its latest investment on XXXXXXXX, XXXXX. Ratch Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ratch 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 Ratch Group
| When was Ratch Group founded? | Ratch Group was founded in 2000. |
| Where is Ratch Group headquartered? | Ratch Group is headquartered in Thailand. |
| How many employees does Ratch Group have? | As of today, Ratch Group has over 586 employees. |
| Who is the CEO of Ratch Group? | Ratch Group's CEO is Nitus Voraphonpiput. |
| Is Ratch Group publicly listed? | Yes, Ratch Group is a public company listed on Stock Exchange of Thailand. |
| What is the stock symbol of Ratch Group? | Ratch Group trades under RATCH ticker. |
| When did Ratch Group go public? | Ratch Group went public in 2000. |
| Who are competitors of Ratch Group? | Ratch Group main competitors are Geregu Power, Marafiq, Promigas, Tabreed. |
| What is the current market cap of Ratch Group? | Ratch Group's current market cap is $2B. |
| What is the current revenue of Ratch Group? | Ratch Group's last 12 months revenue is $956M. |
| What is the current revenue growth of Ratch Group? | Ratch Group revenue growth (NTM/LTM) is 17%. |
| What is the current EV/Revenue multiple of Ratch Group? | Current revenue multiple of Ratch Group is 5.2x. |
| Is Ratch Group profitable? | Yes, Ratch Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ratch Group? | Ratch Group's last 12 months EBITDA is $285M. |
| What is Ratch Group's EBITDA margin? | Ratch Group's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Ratch Group? | Current EBITDA multiple of Ratch Group is 17.5x. |
| What is the current FCF of Ratch Group? | Ratch Group's last 12 months FCF is ($27M). |
| What is Ratch Group's FCF margin? | Ratch Group's last 12 months FCF margin is (3%). |
| What is the current EV/FCF multiple of Ratch Group? | Current FCF multiple of Ratch Group is (182.2x). |
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