SHAPE Valuation Multiples

SHAPE is valued at $404M as of October 2026, a 0.4x revenue multiple. In the last 12 months, SHAPE revenue was $956M and SHAPE EBITDA was $39M.

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SHAPE Overview

About SHAPE

SHAPE Australia Corp Ltd is a specialist building contractor and construction manager, focused on commercial fit-outs and refurbishments, with select capabilities in new builds. Its project portfolio includes fit-outs, refurbishments, new builds, modular construction, aftercare and facilities maintenance, and sustainable spaces across a wide range of industries, including office, education, data centres, defence, health, hotels, retail, and more. The Group operates only in Australia and manages its operations as a single business operation.


Founded

2021

HQ

Australia

Employees

526

Financials (LTM)

Revenue: $956M
EBITDA: $39M

EV

$335M

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SHAPE Financials

SHAPE reported last 12-month revenue of $956M and EBITDA of $39M.

In the same LTM period, SHAPE generated $111M in gross profit, $39M in EBITDA, and $25M in net income.

Revenue (LTM)


SHAPE P&L

In the most recent fiscal year, SHAPE reported revenue of $863M and EBITDA of $35M.

SHAPE is profitable as of last fiscal year, with gross margin of 100%, EBITDA margin of 4%, and net margin of 3%.

See analyst estimates for SHAPE
LTMLast FY202320242025202620272028
Revenue$956M$863M$606M$638M$782M
Gross Profit$111M$863M$606M$638M$782M
Gross Margin12%100%100%100%100%
EBITDA$39M$35M$16M$21M$30M
EBITDA Margin4%4%3%3%4%
EBIT Margin4%3%2%3%3%
Net Profit$25M$22M$10M$13M$19M
Net Margin3%3%2%2%2%
Net Debt-($61M)---

Financial data powered by Morningstar, Inc.

SHAPE Stock Performance

SHAPE has current market cap of $404M, and enterprise value of $335M.

Market Cap Evolution


SHAPE's stock price is $4.75.

SHAPE share price decreased by 10.9% in the last 30 days, and increased by 25.3% in the last year.

SHAPE has an EPS (earnings per share) of $0.26.

See more trading valuation data for SHAPE
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$335M$404M-3.8%-10.9%6.2%25.3%$0.26

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SHAPE Valuation Multiples

SHAPE trades at 0.4x EV/Revenue multiple, and 8.5x EV/EBITDA.

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EV / Revenue (LTM)


SHAPE Financial Valuation Multiples

As of October 22, 2026, SHAPE has market cap of $404M and EV of $335M.

SHAPE has a P/E ratio of 16.3x.

LTMLast FY202320242025202620272028
EV/Revenue0.4x0.4x0.6x0.5x0.4x
EV/EBITDA8.5x9.5x20.6x15.9x11.3x
EV/EBIT9.8x11.2x26.8x19.7x13.4x
EV/Gross Profit3.0x0.4x0.6x0.5x0.4x
P/E16.3x18.2x42.4x30.3x21.3x
EV/FCF9.1x10.1x18.8x11.8x9.5x

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

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SHAPE Margins & Growth Rates

SHAPE grew revenue by 29% and EBITDA by 35% in the last fiscal year.

In the most recent fiscal year, SHAPE reported gross margin of 100%, EBITDA margin of 4%, and net margin of 3%.

See estimated margins and future growth rates for SHAPE

SHAPE Margins

Last FY202420252026202720282029
Gross Margin100%100%100%89%
EBITDA Margin4%3%4%4%
EBIT Margin3%3%3%4%
Net Margin3%2%2%3%
FCF Margin4%4%5%4%

SHAPE Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth29%5%22%26%
Gross Profit Growth(80%)5%22%13%
EBITDA Growth35%29%41%39%
EBIT Growth35%36%47%41%
Net Profit Growth32%40%42%36%
FCF Growth34%60%25%10%

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

SHAPE Operational KPIs

SHAPE's revenue per employee in the last FY averaged $1.6M, while opex per employee averaged $1.6M for the same period.

SHAPE's Rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

SHAPE's Rule of X is 70% (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 SHAPE
LTMLast FY202320242025202620272028
Rule of 4026%31%---
Bessemer Rule of X58%70%---
Revenue per Employee-$1.6M---
Opex per Employee-$1.6M---
S&M Expenses to Revenue--4%--
G&A Expenses to Revenue--5%5%4%
Opex to Revenue-97%98%97%97%

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

Valuation Multiples Across 230+ Verticals

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ahluwalia Contracts$478M$46M0.7x0.7x7.6x7.9x
CLERHP Estructuras$20M$6M20.2x8.4x71.0x49.5x
YEO Teknoloji Enerji ve Endüstri$337M$51M1.6x-10.5x-
Kreate Group$354M$20M1.3x0.7x23.4x9.9x
Torpol$508M$31M0.6x0.6x9.7x8.4x
LCC Projects$379M$51M1.1x-8.6x-
ARTS Group$176M$17M1.6x1.1x16.9x11.2x
Trakcja$576M$42M0.6x-8.5x-

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Acquisitions by SHAPE

SHAPE has acquired 1 company to date.

Last acquisition by SHAPE was on May 27th 2026. SHAPE acquired Australian Professional Shopfitters for $21M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by SHAPE

Australian Professional Shopfitters
Description
Australian Professional Shopfitters is a manufacturing company that provides construction, project management, and installation services.
HQ CountryAustralia
HQ City
Vermont, IL
Deal Date27 May 2026
Valuation$21M
EV/Revenue
EV/EBITDA

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About SHAPE

When was SHAPE founded?SHAPE was founded in 2021.
Where is SHAPE headquartered?SHAPE is headquartered in Australia.
How many employees does SHAPE have?As of today, SHAPE has over 526 employees.
Is SHAPE publicly listed?Yes, SHAPE is a public company listed on Australian Securities Exchange.
What is the stock symbol of SHAPE?SHAPE trades under SHA ticker.
When did SHAPE go public?SHAPE went public in 2021.
Who are competitors of SHAPE?SHAPE main competitors include Ahluwalia Contracts, CLERHP Estructuras, YEO Teknoloji Enerji ve Endüstri, Kreate Group, Torpol, LCC Projects, ARTS Group, Trakcja, Kaufman & Broad, Zhongyan Technology Co.
What is the current market cap of SHAPE?SHAPE's current market cap is $404M.
What is the current revenue of SHAPE?SHAPE's last 12 months revenue is $956M.
What is the current revenue growth of SHAPE?SHAPE revenue growth (NTM/LTM) is 22%.
What is the current EV/Revenue multiple of SHAPE?Current revenue multiple of SHAPE is 0.4x.
What is the current EBITDA of SHAPE?SHAPE's last 12 months EBITDA is $39M.
What is SHAPE's EBITDA margin?SHAPE's last 12 months EBITDA margin is 4%.
What is the current EV/EBITDA multiple of SHAPE?Current EBITDA multiple of SHAPE is 8.5x.
What is the current FCF of SHAPE?SHAPE's last 12 months FCF is $37M.
What is SHAPE's FCF margin?SHAPE's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of SHAPE?Current FCF multiple of SHAPE is 9.1x.
How many companies SHAPE has acquired to date?As of October 2026, SHAPE has acquired 1 company.
What was the largest acquisition by SHAPE?$21M acquisition of Australian Professional Shopfitters on 27th May 2026 was the largest M&A SHAPE has done to date.
What companies SHAPE acquired?SHAPE acquired Australian Professional Shopfitters.
In how many companies SHAPE has invested to date?SHAPE hasn't invested in any companies yet (or none have been disclosed publicly).

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