Reece Valuation Multiples

Reece Overview

About Reece

Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia’s largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, refrigeration, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece’s trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The US business principally serves plumbers working on commercial and residential construction projects and has a network of almost 300 stores in the southern Sunbelt states.

Founded

1953

HQ

Employees

9.0K

Website

group.reece.com

Sectors

Building ProductsWholesale Distribution

Financials (LTM)

Revenue: $6B

EBITDA: $628M

EV

$8B

Valuation Multiples

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Reece Financials

Reece reported last 12-month revenue of $6B and EBITDA of $628M.

In the same LTM period, Reece generated $665M in gross profit, $628M in EBITDA, and $205M in net income.

Reece P&L

In the most recent fiscal year, Reece reported revenue of $6B and EBITDA of $610M.

Reece expects next 12-month revenue of XXX and NTM EBITDA of XXX

Reece Stock Performance

Reece has current market cap of $6B, and enterprise value of $8B.

Reece's stock price is $10.03.

Reece Valuation Multiples

Reece trades at 1.2x EV/Revenue multiple, and 12.3x EV/EBITDA.

Reece Financial Valuation Multiples

As of April 12, 2026, Reece has market cap of $6B and EV of $8B.

Equity research analysts estimate Reece's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Reece has a P/E ratio of 30.1x.

Reece Margins & Growth Rates

Reece's revenue in the last 12 month grew by 7%.

Reece's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.2M for the same period.

Reece's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Reece's rule of X is 21% (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).

Reece Public Comps

See public comps and valuation multiples for other Building Products and Wholesale Distribution comps.

Reece M&A Activity

Reece acquired XXX companies to date.

Last acquisition by Reece was on XXXXXXXX, XXXXX. Reece acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Reece Investment Activity

Reece invested in XXX companies to date.

Reece made its latest investment on XXXXXXXX, XXXXX. Reece invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).