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SalMar Valuation Multiples
Discover revenue and EBITDA valuation multiples for SalMar and similar public comparables like Mosaic, Fertiglobe, PI Indus, Tongwei and more.
SalMar Overview
About SalMar
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make them more convenient for customers. The salmon are sold through an in-house salesforce and close partners of the company. Proximity to customers and tracking the use of resources play a factor in delivering the raw material.
Founded
1991
HQ

Employees
3.3K
Website
Sectors
Financials (LTM)
EV
$11B
SalMar Financials
SalMar reported last 12-month revenue of $3B and EBITDA of $751M.
In the same LTM period, SalMar generated $2B in gross profit, $751M in EBITDA, and $221M in net income.
Revenue (LTM)
SalMar P&L
In the most recent fiscal year, SalMar reported revenue of $3B and EBITDA of $615M.
SalMar 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 | 52% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $751M | XXX | $615M | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $221M | XXX | $118M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
SalMar Stock Performance
SalMar has current market cap of $8B, and enterprise value of $11B.
Market Cap Evolution
SalMar's stock price is $60.08.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $8B | 1.4% | XXX | XXX | XXX | $0.87 |
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Start Free TrialSalMar Valuation Multiples
SalMar trades at 3.5x EV/Revenue multiple, and 14.1x EV/EBITDA.
EV / Revenue (LTM)
SalMar Financial Valuation Multiples
As of April 18, 2026, SalMar has market cap of $8B and EV of $11B.
Equity research analysts estimate SalMar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SalMar has a P/E ratio of 36.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 14.1x | XXX | 17.2x | XXX | XXX | XXX |
| EV/EBIT | 19.7x | XXX | 26.3x | XXX | XXX | XXX |
| EV/Gross Profit | 6.7x | XXX | 7.8x | XXX | XXX | XXX |
| P/E | 36.8x | XXX | 68.9x | XXX | XXX | XXX |
| EV/FCF | 49.5x | XXX | 79.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified SalMar 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.


SalMar Margins & Growth Rates
SalMar's revenue in the last 12 month grew by 15%.
SalMar's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.3M for the same period.
SalMar's rule of 40 is 47% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SalMar's rule of X is 69% (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).
SalMar Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 52% | XXX | 74% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 47% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 69% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
SalMar Public Comps
See public comps and valuation multiples for other Agriculture comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| SalMar | XXX | XXX | XXX | XXX | XXX | XXX |
| Mosaic | XXX | XXX | XXX | XXX | XXX | XXX |
| Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| PI Indus | XXX | XXX | XXX | XXX | XXX | XXX |
| Tongwei | XXX | XXX | XXX | XXX | XXX | XXX |
| Mowi | 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.
SalMar M&A Activity
SalMar acquired XXX companies to date.
Last acquisition by SalMar was on XXXXXXXX, XXXXX. SalMar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by SalMar
| 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 TrialSalMar Investment Activity
SalMar invested in XXX companies to date.
SalMar made its latest investment on XXXXXXXX, XXXXX. SalMar invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by SalMar
| 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 SalMar
| When was SalMar founded? | SalMar was founded in 1991. |
| Where is SalMar headquartered? | SalMar is headquartered in Norway. |
| How many employees does SalMar have? | As of today, SalMar has over 3K employees. |
| Who is the CEO of SalMar? | SalMar's CEO is Frode Arntsen. |
| Is SalMar publicly listed? | Yes, SalMar is a public company listed on Oslo Børs. |
| What is the stock symbol of SalMar? | SalMar trades under SALM ticker. |
| When did SalMar go public? | SalMar went public in 2007. |
| Who are competitors of SalMar? | SalMar main competitors are Mosaic, Fertiglobe, PI Indus, Tongwei. |
| What is the current market cap of SalMar? | SalMar's current market cap is $8B. |
| What is the current revenue of SalMar? | SalMar's last 12 months revenue is $3B. |
| What is the current revenue growth of SalMar? | SalMar revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of SalMar? | Current revenue multiple of SalMar is 3.5x. |
| Is SalMar profitable? | Yes, SalMar is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of SalMar? | SalMar's last 12 months EBITDA is $751M. |
| What is SalMar's EBITDA margin? | SalMar's last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of SalMar? | Current EBITDA multiple of SalMar is 14.1x. |
| What is the current FCF of SalMar? | SalMar's last 12 months FCF is $214M. |
| What is SalMar's FCF margin? | SalMar's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of SalMar? | Current FCF multiple of SalMar is 49.5x. |
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