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Refine Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Refine Group and similar public comparables like Moliera2, Goodfood Market, MedTech Solutions, Westwing Brasil and more.
Refine Group Overview
About Refine Group
Refine Group AB builds and develops brands in the world of digital commerce. It brings together niche lifestyle brands and digital growth experts to capitalize on the digital transformation taking place in commerce globally. Refine operates a portfolio of profitable and thriving lifestyle brands, offering products with compelling value propositions. Its digital commerce service providers enable brands to accelerate growth and succeed in the digital transformation within commerce. Its products brands include SQRTN Company, Folkhemmet, Browgame Cosmetics, MandySkin, C3 Scandinavian Lifestyle, Gasoltuben and iPhonebutiken.
Founded
2017
HQ
Employees
62
Website
Financials (FY)
EV
$14M
Refine Group Financials
Refine Group reported last fiscal year revenue of $14M and EBITDA of $8M.
In the same fiscal year, Refine Group generated $6M in gross profit, $8M in EBITDA, and had net loss of ($296K).
Refine Group P&L
In the most recent fiscal year, Refine Group reported revenue of $14M and EBITDA of $8M.
Refine Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $14M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $6M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 44% | XXX | XXX | XXX |
| EBITDA | — | XXX | $8M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 56% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (43%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($296K) | XXX | XXX | XXX |
| Net Margin | — | XXX | (2%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Refine Group Stock Performance
Refine Group has current market cap of $15M, and enterprise value of $14M.
Market Cap Evolution
Refine Group's stock price is $0.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14M | $15M | 0.3% | XXX | XXX | XXX | $-0.00 |
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Start Free TrialRefine Group Valuation Multiples
Refine Group trades at 1.0x EV/Revenue multiple, and 1.8x EV/EBITDA.
Refine Group Financial Valuation Multiples
As of April 20, 2026, Refine Group has market cap of $15M and EV of $14M.
Equity research analysts estimate Refine Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Refine Group has a P/E ratio of (51.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15M | XXX | $15M | XXX | XXX | XXX |
| EV (current) | $14M | XXX | $14M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (2.4x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.3x | XXX | XXX | XXX |
| P/E | — | XXX | (51.9x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (7.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Refine 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.
Refine Group Margins & Growth Rates
Refine Group's revenue in the last fiscal year declined by (48%).
Refine Group's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Refine Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (48%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 56% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (303%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 87% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Refine Group Public Comps
See public comps and valuation multiples for other Consumer E-commerce and Vertical E-commerce comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Refine Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Moliera2 | XXX | XXX | XXX | XXX | XXX | XXX |
| Goodfood Market | XXX | XXX | XXX | XXX | XXX | XXX |
| MedTech Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Westwing Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
| Legimi | 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.
Refine Group M&A Activity
Refine Group acquired XXX companies to date.
Last acquisition by Refine Group was on XXXXXXXX, XXXXX. Refine Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Refine 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 TrialRefine Group Investment Activity
Refine Group invested in XXX companies to date.
Refine Group made its latest investment on XXXXXXXX, XXXXX. Refine Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Refine 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 Refine Group
| When was Refine Group founded? | Refine Group was founded in 2017. |
| Where is Refine Group headquartered? | Refine Group is headquartered in Sweden. |
| How many employees does Refine Group have? | As of today, Refine Group has over 62 employees. |
| Is Refine Group publicly listed? | Yes, Refine Group is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Refine Group? | Refine Group trades under REFINE ticker. |
| When did Refine Group go public? | Refine Group went public in 2021. |
| Who are competitors of Refine Group? | Refine Group main competitors are Moliera2, Goodfood Market, MedTech Solutions, Westwing Brasil. |
| What is the current market cap of Refine Group? | Refine Group's current market cap is $15M. |
| What is the current revenue of Refine Group? | Refine Group's last fiscal year revenue is $14M. |
| What is the current EV/Revenue multiple of Refine Group? | Current revenue multiple of Refine Group is 1.0x. |
| Is Refine Group profitable? | No, Refine Group is not profitable. |
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