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Serko Valuation Multiples
Discover revenue and EBITDA valuation multiples for Serko and similar public comparables like Gambling.com Group, Digital Hearts Holdings, Banqup Group, accesso and more.
Serko Overview
About Serko
Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company's products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand, theΒ US, India, Singapore, and Others. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms.
Founded
1994
HQ

Employees
421
Website
Sectors
Financials (LTM)
EV
$94M
Serko Financials
Serko reported last 12-month revenue of $71M and EBITDA of $5M.
In the same LTM period, Serko generated $63M in gross profit, $5M in EBITDA, and had net loss of ($7M).
Revenue (LTM)
Serko P&L
In the most recent fiscal year, Serko reported revenue of $52M and EBITDA of $1M.
Serko expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $71M | XXX | $52M | XXX | XXX | XXX |
| Gross Profit | $63M | XXX | $52M | XXX | XXX | XXX |
| Gross Margin | 89% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $5M | XXX | $1M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 2% | XXX | XXX | XXX |
| EBIT Margin | (8%) | XXX | (22%) | XXX | XXX | XXX |
| Net Profit | ($7M) | XXX | ($13M) | XXX | XXX | XXX |
| Net Margin | (9%) | XXX | (25%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Serko Stock Performance
Serko has current market cap of $130M, and enterprise value of $94M.
Market Cap Evolution
Serko's stock price is $1.04.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $94M | $130M | -1.8% | XXX | XXX | XXX | $-0.10 |
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Start Free TrialSerko Valuation Multiples
Serko trades at 1.3x EV/Revenue multiple, and 18.9x EV/EBITDA.
EV / Revenue (LTM)
Serko Financial Valuation Multiples
As of April 18, 2026, Serko has market cap of $130M and EV of $94M.
Equity research analysts estimate Serko's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Serko has a P/E ratio of (19.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $130M | XXX | $130M | XXX | XXX | XXX |
| EV (current) | $94M | XXX | $94M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 18.9x | XXX | 81.3x | XXX | XXX | XXX |
| EV/EBIT | (17.4x) | XXX | (8.4x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.5x | XXX | 1.8x | XXX | XXX | XXX |
| P/E | (19.8x) | XXX | (10.1x) | XXX | XXX | XXX |
| EV/FCF | (54.7x) | XXX | (114.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Serko 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.


Serko Margins & Growth Rates
Serko's revenue in the last 12 month grew by 11%.
Serko's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Serko's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Serko's rule of X is 47% (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).
Serko Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | 43% | XXX | 322% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 47% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | 73% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 121% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Serko Public Comps
See public comps and valuation multiples for other Travel & Hospitality Software and Financial Management Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Serko | XXX | XXX | XXX | XXX | XXX | XXX |
| Gambling.com Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Digital Hearts Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Banqup Group | XXX | XXX | XXX | XXX | XXX | XXX |
| accesso | XXX | XXX | XXX | XXX | XXX | XXX |
| ReGuest | 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.
Serko M&A Activity
Serko acquired XXX companies to date.
Last acquisition by Serko was on XXXXXXXX, XXXXX. Serko acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Serko
| 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 TrialSerko Investment Activity
Serko invested in XXX companies to date.
Serko made its latest investment on XXXXXXXX, XXXXX. Serko invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Serko
| 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 Serko
| When was Serko founded? | Serko was founded in 1994. |
| Where is Serko headquartered? | Serko is headquartered in New Zealand. |
| How many employees does Serko have? | As of today, Serko has over 421 employees. |
| Who is the CEO of Serko? | Serko's CEO is Darrin Grafton. |
| Is Serko publicly listed? | Yes, Serko is a public company listed on New Zealand Exchange. |
| What is the stock symbol of Serko? | Serko trades under SKO ticker. |
| When did Serko go public? | Serko went public in 2014. |
| Who are competitors of Serko? | Serko main competitors are Gambling.com Group, Digital Hearts Holdings, Banqup Group, accesso. |
| What is the current market cap of Serko? | Serko's current market cap is $130M. |
| What is the current revenue of Serko? | Serko's last 12 months revenue is $71M. |
| What is the current revenue growth of Serko? | Serko revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Serko? | Current revenue multiple of Serko is 1.3x. |
| Is Serko profitable? | Yes, Serko is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Serko? | Serko's last 12 months EBITDA is $5M. |
| What is Serko's EBITDA margin? | Serko's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Serko? | Current EBITDA multiple of Serko is 18.9x. |
| What is the current FCF of Serko? | Serko's last 12 months FCF is ($2M). |
| What is Serko's FCF margin? | Serko's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of Serko? | Current FCF multiple of Serko is (54.7x). |
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