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- Reach Subsea
Reach Subsea Valuation Multiples
Discover revenue and EBITDA valuation multiples for Reach Subsea and similar public comparables like Tullow Oil, HMS Bergbau, A.b.p. Nocivelli, American Resources and more.
Reach Subsea Overview
About Reach Subsea
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.
Founded
2008
HQ

Employees
473
Website
Sectors
Financials (LTM)
EV
$365M
Reach Subsea Financials
Reach Subsea reported last 12-month revenue of $282M and EBITDA of $124M.
In the same LTM period, Reach Subsea generated $246M in gross profit, $124M in EBITDA, and $11M in net income.
Revenue (LTM)
Reach Subsea P&L
In the most recent fiscal year, Reach Subsea reported revenue of $286M and EBITDA of $126M.
Reach Subsea expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $282M | XXX | $286M | XXX | XXX | XXX |
| Gross Profit | $246M | XXX | $125M | XXX | XXX | XXX |
| Gross Margin | 87% | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $124M | XXX | $126M | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $11M | XXX | $12M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $13M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Reach Subsea Stock Performance
Reach Subsea has current market cap of $238M, and enterprise value of $365M.
Market Cap Evolution
Reach Subsea's stock price is $0.73.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $365M | $238M | -0.2% | XXX | XXX | XXX | $0.04 |
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Start Free TrialReach Subsea Valuation Multiples
Reach Subsea trades at 1.3x EV/Revenue multiple, and 2.9x EV/EBITDA.
EV / Revenue (LTM)
Reach Subsea Financial Valuation Multiples
As of April 18, 2026, Reach Subsea has market cap of $238M and EV of $365M.
Equity research analysts estimate Reach Subsea's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Reach Subsea has a P/E ratio of 20.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $238M | XXX | $238M | XXX | XXX | XXX |
| EV (current) | $365M | XXX | $365M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 2.9x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBIT | 18.9x | XXX | 19.8x | XXX | XXX | XXX |
| EV/Gross Profit | 1.5x | XXX | 2.9x | XXX | XXX | XXX |
| P/E | 20.8x | XXX | 20.6x | XXX | XXX | XXX |
| EV/FCF | (18.3x) | XXX | 4.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Reach Subsea 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.


Reach Subsea Margins & Growth Rates
Reach Subsea's revenue in the last 12 month grew by 7%.
Reach Subsea's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Reach Subsea's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Reach Subsea's rule of X is 57% (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).
Reach Subsea Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 57% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 37% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Reach Subsea Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Equipment comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Reach Subsea | XXX | XXX | XXX | XXX | XXX | XXX |
| Tullow Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| HMS Bergbau | XXX | XXX | XXX | XXX | XXX | XXX |
| A.b.p. Nocivelli | XXX | XXX | XXX | XXX | XXX | XXX |
| American Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Pulsar Helium | 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.
Reach Subsea M&A Activity
Reach Subsea acquired XXX companies to date.
Last acquisition by Reach Subsea was on XXXXXXXX, XXXXX. Reach Subsea acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Reach Subsea
| 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 TrialReach Subsea Investment Activity
Reach Subsea invested in XXX companies to date.
Reach Subsea made its latest investment on XXXXXXXX, XXXXX. Reach Subsea invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Reach Subsea
| 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 Reach Subsea
| When was Reach Subsea founded? | Reach Subsea was founded in 2008. |
| Where is Reach Subsea headquartered? | Reach Subsea is headquartered in Norway. |
| How many employees does Reach Subsea have? | As of today, Reach Subsea has over 473 employees. |
| Is Reach Subsea publicly listed? | Yes, Reach Subsea is a public company listed on Oslo Børs. |
| What is the stock symbol of Reach Subsea? | Reach Subsea trades under REACH ticker. |
| When did Reach Subsea go public? | Reach Subsea went public in 1980. |
| Who are competitors of Reach Subsea? | Reach Subsea main competitors are Tullow Oil, HMS Bergbau, A.b.p. Nocivelli, American Resources. |
| What is the current market cap of Reach Subsea? | Reach Subsea's current market cap is $238M. |
| What is the current revenue of Reach Subsea? | Reach Subsea's last 12 months revenue is $282M. |
| What is the current revenue growth of Reach Subsea? | Reach Subsea revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Reach Subsea? | Current revenue multiple of Reach Subsea is 1.3x. |
| Is Reach Subsea profitable? | Yes, Reach Subsea is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Reach Subsea? | Reach Subsea's last 12 months EBITDA is $124M. |
| What is Reach Subsea's EBITDA margin? | Reach Subsea's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of Reach Subsea? | Current EBITDA multiple of Reach Subsea is 2.9x. |
| What is the current FCF of Reach Subsea? | Reach Subsea's last 12 months FCF is ($20M). |
| What is Reach Subsea's FCF margin? | Reach Subsea's last 12 months FCF margin is (7%). |
| What is the current EV/FCF multiple of Reach Subsea? | Current FCF multiple of Reach Subsea is (18.3x). |
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