Segro Valuation Multiples

Discover Segro's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Mid-America Apartment, Healthpeak Properties, Host Hotels & Resorts, HSI Renda Imobiliária and more.

Segro Overview

About Segro

Segro PLC is a European real estate investment trust involved in the ownership and management of industrial and warehouse properties. The company's real estate portfolio is split fairly evenly between smaller, light industrial warehouses, which serve as urban distribution centers, and larger logistics, or big box, warehouses. The majority of its properties are located in either the Greater London area or the adjacent Thames Valley. The company derives the vast majority of its income in the form of rental income from its tenants operating out of its warehouses. Food and general manufacturing, transport and logistics, and retail companies comprise the majority of Segro's customers. The company's other key markets include the European cities of Warsaw, Dusseldorf, and Paris.


Founded

1920

HQ

United Kingdom

Employees

466

Website

segro.com

Financials (LTM)

Revenue: $920M
EBITDA: $834M

EV

$23B

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Segro Financials

Segro reported last 12-month revenue of $920M and EBITDA of $834M.

In the same LTM period, Segro generated $848M in gross profit, $834M in EBITDA, and $718M in net income.

Revenue (LTM)


Segro P&L

In the most recent fiscal year, Segro reported revenue of $983M and EBITDA of $895M.

Segro is profitable as of last fiscal year, with gross margin of 79%, EBITDA margin of 91%, and net margin of 76%.

See analyst estimates for Segro
LTMLast FY202320242025202620272028
Revenue$920M$983M$1B$914M$983M
Gross Profit$848M$775M$796M$719M$775M
Gross Margin92%79%79%79%79%
EBITDA$834M$895M($181M)$1B$895M
EBITDA Margin91%91%(18%)113%91%
EBIT Margin92%83%70%67%69%
Net Profit$718M$746M($343M)$804M$746M
Net Margin78%76%(34%)88%76%
Net Debt-$7.4B---

Financial data powered by Morningstar, Inc.

Segro Stock Performance

Segro has current market cap of $16B, and enterprise value of $23B.

Market Cap Evolution


Segro's stock price is $11.67.

Segro share price increased by 0.6% in the last 30 days, and by 34.9% in the last year.

Segro has an EPS (earnings per share) of $0.55.

See more trading valuation data for Segro
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$23B$16B1.2%0.6%24.5%34.9%$0.55

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Segro Valuation Multiples

Segro trades at 25.3x EV/Revenue multiple, and 28.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Segro

EV / Revenue (LTM)


Segro Financial Valuation Multiples

As of July 17, 2026, Segro has market cap of $16B and EV of $23B.

Segro has a P/E ratio of 22.0x.

LTMLast FY202320242025202620272028
EV/Revenue25.3x23.7x23.0x25.5x23.7x
EV/EBITDA28.0x26.1x(128.5x)22.6x26.1x
EV/EBIT27.6x28.6x32.8x37.8x34.5x
EV/Gross Profit27.5x30.1x29.3x32.4x30.1x
P/E22.0x21.2x(46.1x)19.6x21.2x
EV/FCF139.8x46.9x42.8x56.3x46.9x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Segro Valuation Multiples

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Segro Margins & Growth Rates

Segro decreased revenue by 2% and EBITDA by 4% in the last fiscal year.

In the most recent fiscal year, Segro reported gross margin of 79%, EBITDA margin of 91%, and net margin of 76%.

See estimated margins and future growth rates for Segro

Segro Margins

Last FY202420252026202720282029
Gross Margin79%79%79%92%
EBITDA Margin91%113%91%89%
EBIT Margin83%67%69%90%
Net Margin76%88%76%79%
FCF Margin51%45%51%32%

Segro Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(2%)(10%)8%(2%)
Gross Profit Growth15%(10%)8%15%
EBITDA Growth(4%)(669%)(13%)(4%)
EBIT Growth7%(13%)10%29%
Net Profit Growth2%(335%)(7%)2%
FCF Growth(39%)(24%)20%(39%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Segro Operational KPIs

Segro's revenue per employee in the last FY averaged $2.1M, while opex per employee averaged $0.2M for the same period.

Segro's Rule of 40 is 87% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Segro's Rule of X is 84% (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).

Access forward-looking KPIs for Segro
LTMLast FY202320242025202620272028
Rule of 40100%87%---
Bessemer Rule of X113%84%---
Revenue per Employee-$2.1M---
Opex per Employee-$0.2M---
G&A Expenses to Revenue10%10%7%9%7%
Opex to Revenue-10%8%11%10%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Mid-America Apartment9.6x9.6x16.8x17.1x
Healthpeak Properties8.8x8.7x15.1x15.3x
Host Hotels & Resorts3.3x3.3x10.9x11.3x
HSI Renda Imobiliária1066.9x-1441.6x-
Swire Properties10.4x9.4x19.3x18.8x
Lamar Advertising9.4x9.2x19.4x19.4x
Regency Centers13.0x12.6x18.0x18.6x
Sun Communities8.1x8.2x18.9x18.9x

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Acquisitions by Segro

Segro has acquired 3 companies to date.

Last acquisition by Segro was on September 4th 2024. Segro acquired Tritax EuroBox for $1.4B (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Segro

Tritax EuroBox
Sofibus Patrimoine
Vailog S.r.l.
Description
Tritax EuroBox is a London-listed real estate investment trust investing in large-scale logistics properties across mainland Europe. The company owns modern warehouses in the Netherlands, Belgium, Germany, and Spain with features like solar panels and electric vehicle charging. Tritax EuroBox leases spaces to blue-chip occupiers on long-term, inflation-linked contracts to generate stable income.
Sofibus Patrimoine is a Paris-based real estate firm engaged in property rental and leasing throughout France. It manages residential and commercial portfolios, handling tenant sourcing, lease agreements, and maintenance for institutional and private owners. Operating in major cities like Lyon and Marseille, the company focuses on long-term leases in office and retail spaces.
Vailog S.r.l. functions as an Italian real estate developer and investor focused on logistics and commercial properties. Headquartered in Milan, the company acquires, develops, and manages warehouses, distribution centers, and office spaces in northern Italy for industrial tenants.
HQ CountryUnited KingdomFranceItaly
HQ City
London
Paris
Asiago
Deal Date4 Sep 202415 Dec 202022 May 2015
Valuation$1.4B$258M$48M
EV/Revenue
EV/EBITDA

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About Segro

When was Segro founded?Segro was founded in 1920.
Where is Segro headquartered?Segro is headquartered in United Kingdom.
How many employees does Segro have?As of today, Segro has over 466 employees.
Who is the CEO of Segro?Segro's CEO is David John Rivers Sleath.
Is Segro publicly listed?Yes, Segro is a public company listed on London Stock Exchange.
What is the stock symbol of Segro?Segro trades under SGRO ticker.
When did Segro go public?Segro went public in 1949.
Who are competitors of Segro?Segro main competitors include Mid-America Apartment, Healthpeak Properties, Host Hotels & Resorts, HSI Renda Imobiliária, Swire Properties, Lamar Advertising, Regency Centers, Sun Communities, W.P. Carey, Scentre Group.
What is the current market cap of Segro?Segro's current market cap is $16B.
What is the current revenue of Segro?Segro's last 12 months revenue is $920M.
What is the current revenue growth of Segro?Segro revenue growth (NTM/LTM) is 9%.
What is the current EV/Revenue multiple of Segro?Current revenue multiple of Segro is 25.3x.
What is the current EBITDA of Segro?Segro's last 12 months EBITDA is $834M.
What is Segro's EBITDA margin?Segro's last 12 months EBITDA margin is 91%.
What is the current EV/EBITDA multiple of Segro?Current EBITDA multiple of Segro is 28.0x.
What is the current FCF of Segro?Segro's last 12 months FCF is $167M.
What is Segro's FCF margin?Segro's last 12 months FCF margin is 18%.
What is the current EV/FCF multiple of Segro?Current FCF multiple of Segro is 139.8x.
How many companies Segro has acquired to date?As of July 2026, Segro has acquired 3 companies.
What was the largest acquisition by Segro?$1.4B acquisition of Tritax EuroBox on 4th September 2024 was the largest M&A Segro has done to date.
What companies Segro acquired?Segro acquired Tritax EuroBox, Sofibus Patrimoine, and Vailog S.r.l..
In how many companies Segro has invested to date?Segro hasn't invested in any companies yet (or none have been disclosed publicly).

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