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Smiths Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Smiths Group and similar public comparables like Hikari Tsushin, Kesko, ENN Natural Gas, SGH and more.
Smiths Group Overview
About Smiths Group
Smiths Group is a UK-based industrial technology company focused on engineered solutions for fluid and energy management, following the planned divestments of its detection and interconnect divisions. Its two core businesses—John Crane and Flex-Tek—generate over 75% of group EBIT and serve critical infrastructure, energy, aerospace, HVAC, and industrial markets. John Crane supplies mechanical seals, filtration systems, and condition-monitoring technologies used in rotating equipment, with a high-margin, recurring aftermarket business. Flex-Tek provides specialized tubing, heating components, and ducting systems primarily for US HVAC and aerospace OEMs.
Founded
1914
HQ

Employees
16.1K
Website
Sectors
Financials (LTM)
EV
$12B
Smiths Group Financials
Smiths Group reported last 12-month revenue of $3B and EBITDA of $767M.
In the same LTM period, Smiths Group generated $1B in gross profit, $767M in EBITDA, and $459M in net income.
Revenue (LTM)
Smiths Group P&L
In the most recent fiscal year, Smiths Group reported revenue of $5B and EBITDA of $844M.
Smiths Group 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 | $5B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $767M | XXX | $844M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $459M | XXX | $555M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $492M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Smiths Group Stock Performance
Smiths Group has current market cap of $11B, and enterprise value of $12B.
Market Cap Evolution
Smiths Group's stock price is $34.88.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12B | $11B | 0.0% | XXX | XXX | XXX | $1.83 |
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Start Free TrialSmiths Group Valuation Multiples
Smiths Group trades at 3.7x EV/Revenue multiple, and 15.3x EV/EBITDA.
EV / Revenue (LTM)
Smiths Group Financial Valuation Multiples
As of April 20, 2026, Smiths Group has market cap of $11B and EV of $12B.
Equity research analysts estimate Smiths Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Smiths Group has a P/E ratio of 23.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 15.3x | XXX | 13.9x | XXX | XXX | XXX |
| EV/EBIT | 20.1x | XXX | 15.9x | XXX | XXX | XXX |
| EV/Gross Profit | 8.8x | XXX | 8.1x | XXX | XXX | XXX |
| P/E | 23.1x | XXX | 19.1x | XXX | XXX | XXX |
| EV/FCF | 29.3x | XXX | 23.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Smiths 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.


Smiths Group Margins & Growth Rates
Smiths Group's revenue in the last 12 month declined by (6%).
Smiths Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.
Smiths Group's rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Smiths Group's rule of X is (15%) (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).
Smiths Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (6%) | XXX | (41%) | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | (4%) | XXX | (13%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 9% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (15%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Smiths Group Public Comps
See public comps and valuation multiples for other Diversified Industrials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Smiths Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Hikari Tsushin | XXX | XXX | XXX | XXX | XXX | XXX |
| Kesko | XXX | XXX | XXX | XXX | XXX | XXX |
| ENN Natural Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| SGH | XXX | XXX | XXX | XXX | XXX | XXX |
| Bosch | 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.
Smiths Group M&A Activity
Smiths Group acquired XXX companies to date.
Last acquisition by Smiths Group was on XXXXXXXX, XXXXX. Smiths Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Smiths 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialSmiths Group Investment Activity
Smiths Group invested in XXX companies to date.
Smiths Group made its latest investment on XXXXXXXX, XXXXX. Smiths Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Smiths 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 Smiths Group
| When was Smiths Group founded? | Smiths Group was founded in 1914. |
| Where is Smiths Group headquartered? | Smiths Group is headquartered in United Kingdom. |
| How many employees does Smiths Group have? | As of today, Smiths Group has over 16K employees. |
| Who is the CEO of Smiths Group? | Smiths Group's CEO is Roland Carter. |
| Is Smiths Group publicly listed? | Yes, Smiths Group is a public company listed on London Stock Exchange. |
| What is the stock symbol of Smiths Group? | Smiths Group trades under SMIN ticker. |
| When did Smiths Group go public? | Smiths Group went public in 1914. |
| Who are competitors of Smiths Group? | Smiths Group main competitors are Hikari Tsushin, Kesko, ENN Natural Gas, SGH. |
| What is the current market cap of Smiths Group? | Smiths Group's current market cap is $11B. |
| What is the current revenue of Smiths Group? | Smiths Group's last 12 months revenue is $3B. |
| What is the current revenue growth of Smiths Group? | Smiths Group revenue growth (NTM/LTM) is (6%). |
| What is the current EV/Revenue multiple of Smiths Group? | Current revenue multiple of Smiths Group is 3.7x. |
| Is Smiths Group profitable? | Yes, Smiths Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Smiths Group? | Smiths Group's last 12 months EBITDA is $767M. |
| What is Smiths Group's EBITDA margin? | Smiths Group's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Smiths Group? | Current EBITDA multiple of Smiths Group is 15.3x. |
| What is the current FCF of Smiths Group? | Smiths Group's last 12 months FCF is $401M. |
| What is Smiths Group's FCF margin? | Smiths Group's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Smiths Group? | Current FCF multiple of Smiths Group is 29.3x. |
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