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Reply Valuation Multiples
Discover revenue and EBITDA valuation multiples for Reply and similar public comparables like L&T Technology Services, DHC Software, Digital China, SAIC and more.
Reply Overview
About Reply
Reply SpA specialises in consulting, digital services, and the integration of processes, applications, and devices. Reply serves clients in the telecommunication and media, banking, insurance, financial, industry and services, energy and utilities, and public administration industries. The company provides its services mainly through platforms such as X-Rais Reply, Discovery Reply, Brick Reply, TamTamy, and SideUp Reply. Reply researches, selects, and markets solutions through channels such as data analysis, digital communication, e-commerce, mobile, and social media. Its business segments are defined based on geographical areas of operation and include Region 1 (including Italy, USA, Brazil, Poland, Romania, and Nanjing), which derives key revenue, Region 2, Region 3, and IoT Incubator.
Founded
1995
HQ
Employees
16.0K
Website
Sectors
Financials (LTM)
EV
$3B
Reply Financials
Reply reported last 12-month revenue of $3B and EBITDA of $547M.
In the same LTM period, Reply generated $2B in gross profit, $547M in EBITDA, and $299M in net income.
Revenue (LTM)
Reply P&L
In the most recent fiscal year, Reply reported revenue of $3B and EBITDA of $551M.
Reply expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 45% | XXX | XXX | XXX |
| EBITDA | $547M | XXX | $551M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $299M | XXX | $295M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Reply Stock Performance
Reply has current market cap of $4B, and enterprise value of $3B.
Market Cap Evolution
Reply's stock price is $107.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $4B | 0.0% | XXX | XXX | XXX | $7.92 |
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Start Free TrialReply Valuation Multiples
Reply trades at 1.2x EV/Revenue multiple, and 6.3x EV/EBITDA.
EV / Revenue (LTM)
Reply Financial Valuation Multiples
As of April 20, 2026, Reply has market cap of $4B and EV of $3B.
Equity research analysts estimate Reply's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Reply has a P/E ratio of 13.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 6.3x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBIT | 7.6x | XXX | 7.7x | XXX | XXX | XXX |
| EV/Gross Profit | 1.6x | XXX | 2.7x | XXX | XXX | XXX |
| P/E | 13.4x | XXX | 13.6x | XXX | XXX | XXX |
| EV/FCF | 11.6x | XXX | 10.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Reply 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.
Reply Margins & Growth Rates
Reply's revenue in the last 12 month grew by 9%.
Reply's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Reply's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Reply's rule of X is 39% (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).
Reply Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 31% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Reply Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Reply | XXX | XXX | XXX | XXX | XXX | XXX |
| L&T Technology Services | XXX | XXX | XXX | XXX | XXX | XXX |
| DHC Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Digital China | XXX | XXX | XXX | XXX | XXX | XXX |
| SAIC | XXX | XXX | XXX | XXX | XXX | XXX |
| TravelSky | 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.
Reply M&A Activity
Reply acquired XXX companies to date.
Last acquisition by Reply was on XXXXXXXX, XXXXX. Reply acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Reply
| 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 TrialReply Investment Activity
Reply invested in XXX companies to date.
Reply made its latest investment on XXXXXXXX, XXXXX. Reply invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Reply
| 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 Reply
| When was Reply founded? | Reply was founded in 1995. |
| Where is Reply headquartered? | Reply is headquartered in Italy. |
| How many employees does Reply have? | As of today, Reply has over 16K employees. |
| Who is the CEO of Reply? | Reply's CEO is Tatiana Rizzante. |
| Is Reply publicly listed? | Yes, Reply is a public company listed on Borsa Italiana. |
| What is the stock symbol of Reply? | Reply trades under REY ticker. |
| When did Reply go public? | Reply went public in 2000. |
| Who are competitors of Reply? | Reply main competitors are L&T Technology Services, DHC Software, Digital China, SAIC. |
| What is the current market cap of Reply? | Reply's current market cap is $4B. |
| What is the current revenue of Reply? | Reply's last 12 months revenue is $3B. |
| What is the current revenue growth of Reply? | Reply revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Reply? | Current revenue multiple of Reply is 1.2x. |
| Is Reply profitable? | Yes, Reply is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Reply? | Reply's last 12 months EBITDA is $547M. |
| What is Reply's EBITDA margin? | Reply's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Reply? | Current EBITDA multiple of Reply is 6.3x. |
| What is the current FCF of Reply? | Reply's last 12 months FCF is $299M. |
| What is Reply's FCF margin? | Reply's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Reply? | Current FCF multiple of Reply is 11.6x. |
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