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- Shearwater Group
Shearwater Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Shearwater Group and similar public comparables like NARF Industries, Checkin.com, Our Bond, Hub Cyber Security and more.
Shearwater Group Overview
About Shearwater Group
Shearwater Group PLC is a UK-based company focused on providing digital resilience solutions. The company delivers cybersecurity, network monitoring technologies, managed security services, Data Loss Prevention, Identity & Access Security, IT Solutions, Penetration Testing & Red Teaming, and other services. Its operating segment includes software and services. The company generates maximum revenue from the Services segment. Its geographical segments include the United Kingdom(UK) and Europe(excluding the UK), North America, and the Rest of the world, of which the majority of the revenue is derived from the UK.
Founded
2004
HQ

Employees
90
Website
Financials (FY)
EV
$10M
Shearwater Group Financials
Shearwater Group reported last fiscal year revenue of $53M and negative EBITDA of ($12M).
In the same fiscal year, Shearwater Group generated $13M in gross profit, ($12M) in EBITDA losses, and had net loss of ($16M).
Revenue (LTM)
Shearwater Group P&L
In the most recent fiscal year, Shearwater Group reported revenue of $53M and EBITDA of ($12M).
Shearwater Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $53M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $13M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 24% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($12M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (23%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (34%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($16M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (30%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Shearwater Group Stock Performance
Shearwater Group has current market cap of $12M, and enterprise value of $10M.
Market Cap Evolution
Shearwater Group's stock price is $0.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10M | $12M | 0.0% | XXX | XXX | XXX | $-0.68 |
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Start Free TrialShearwater Group Valuation Multiples
Shearwater Group trades at 0.2x EV/Revenue multiple, and (0.8x) EV/EBITDA.
EV / Revenue (LTM)
Shearwater Group Financial Valuation Multiples
As of April 20, 2026, Shearwater Group has market cap of $12M and EV of $10M.
Equity research analysts estimate Shearwater Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Shearwater Group has a P/E ratio of (0.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12M | XXX | $12M | XXX | XXX | XXX |
| EV (current) | $10M | XXX | $10M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (0.8x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (0.5x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 0.7x | XXX | XXX | XXX |
| P/E | — | XXX | (0.8x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 25.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Shearwater Group 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.


Shearwater Group Margins & Growth Rates
Shearwater Group's revenue in the last fiscal year declined by (10%).
Shearwater Group's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
Shearwater Group's rule of 40 is 5% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shearwater Group's rule of X is 2% (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).
Shearwater Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (10%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (23%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (127%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 5% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 2% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 47% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 58% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Shearwater Group Public Comps
See public comps and valuation multiples for other Cybersecurity comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Shearwater Group | XXX | XXX | XXX | XXX | XXX | XXX |
| NARF Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Checkin.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Our Bond | XXX | XXX | XXX | XXX | XXX | XXX |
| Hub Cyber Security | XXX | XXX | XXX | XXX | XXX | XXX |
| Netum Group | 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.
Shearwater Group M&A Activity
Shearwater Group acquired XXX companies to date.
Last acquisition by Shearwater Group was on XXXXXXXX, XXXXX. Shearwater Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Shearwater Group
| 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 TrialShearwater Group Investment Activity
Shearwater Group invested in XXX companies to date.
Shearwater Group made its latest investment on XXXXXXXX, XXXXX. Shearwater Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Shearwater Group
| 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 Shearwater Group
| When was Shearwater Group founded? | Shearwater Group was founded in 2004. |
| Where is Shearwater Group headquartered? | Shearwater Group is headquartered in United Kingdom. |
| How many employees does Shearwater Group have? | As of today, Shearwater Group has over 90 employees. |
| Who is the CEO of Shearwater Group? | Shearwater Group's CEO is Philip Leslie Higgins. |
| Is Shearwater Group publicly listed? | Yes, Shearwater Group is a public company listed on London Stock Exchange. |
| What is the stock symbol of Shearwater Group? | Shearwater Group trades under SWG ticker. |
| When did Shearwater Group go public? | Shearwater Group went public in 2004. |
| Who are competitors of Shearwater Group? | Shearwater Group main competitors are NARF Industries, Checkin.com, Our Bond, Hub Cyber Security. |
| What is the current market cap of Shearwater Group? | Shearwater Group's current market cap is $12M. |
| What is the current revenue of Shearwater Group? | Shearwater Group's last fiscal year revenue is $53M. |
| What is the current revenue growth of Shearwater Group? | Shearwater Group revenue growth (vs. last FY) is (10%). |
| What is the current EV/Revenue multiple of Shearwater Group? | Current revenue multiple of Shearwater Group is 0.2x. |
| Is Shearwater Group profitable? | No, Shearwater Group is not profitable. |
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