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SMX (Security Matters) Valuation Multiples
Discover revenue and EBITDA valuation multiples for SMX (Security Matters) and similar public comparables like WithSecure, Baudroie, F-Secure, eMudhra and more.
SMX (Security Matters) Overview
About SMX (Security Matters)
SMX (Security Matters) PLC provides one solution to solve both authentication and track and trace challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader, and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer.
Founded
2022
HQ

Employees
19
Website
Sectors
Financials (FY)
EV
$350M
SMX (Security Matters) Financials
SMX (Security Matters) reported last fiscal year revenue of — and negative EBITDA of ($130M).
In the same fiscal year, SMX (Security Matters) generated ($130M) in EBITDA losses and had net loss of ($169M).
SMX (Security Matters) P&L
In the most recent fiscal year, SMX (Security Matters) reported revenue of — and EBITDA of ($130M).
SMX (Security Matters) expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA | — | XXX | ($130M) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($169M) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
SMX (Security Matters) Stock Performance
SMX (Security Matters) has current market cap of $343M, and enterprise value of $350M.
Market Cap Evolution
SMX (Security Matters)'s stock price is $34.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $350M | $343M | 0.0% | XXX | XXX | XXX | $-17.04 |
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Start Free TrialSMX (Security Matters) Valuation Multiples
SMX (Security Matters) trades at (2.7x) EV/EBITDA.
SMX (Security Matters) Financial Valuation Multiples
As of March 29, 2026, SMX (Security Matters) has market cap of $343M and EV of $350M.
Equity research analysts estimate SMX (Security Matters)'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SMX (Security Matters) has a P/E ratio of (2.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $343M | XXX | $343M | XXX | XXX | XXX |
| EV (current) | $350M | XXX | $350M | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (2.7x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (2.6x) | XXX | XXX | XXX |
| P/E | — | XXX | (2.0x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (20.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified SMX (Security Matters) 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.


SMX (Security Matters) Margins & Growth Rates
SMX (Security Matters)'s revenue in the last fiscal year grew by —.
SMX (Security Matters) Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA Growth | — | XXX | 564% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
SMX (Security Matters) Public Comps
See public comps and valuation multiples for other Cybersecurity comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| WithSecure | XXX | XXX | XXX | XXX | XXX | XXX |
| Baudroie | XXX | XXX | XXX | XXX | XXX | XXX |
| F-Secure | XXX | XXX | XXX | XXX | XXX | XXX |
| eMudhra | XXX | XXX | XXX | XXX | XXX | XXX |
| Telos | 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.
SMX (Security Matters) M&A Activity
SMX (Security Matters) acquired XXX companies to date.
Last acquisition by SMX (Security Matters) was on XXXXXXXX, XXXXX. SMX (Security Matters) acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by SMX (Security Matters)
| 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 TrialSMX (Security Matters) Investment Activity
SMX (Security Matters) invested in XXX companies to date.
SMX (Security Matters) made its latest investment on XXXXXXXX, XXXXX. SMX (Security Matters) invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by SMX (Security Matters)
| 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 SMX (Security Matters)
| When was SMX (Security Matters) founded? | SMX (Security Matters) was founded in 2022. |
| Where is SMX (Security Matters) headquartered? | SMX (Security Matters) is headquartered in Ireland. |
| How many employees does SMX (Security Matters) have? | As of today, SMX (Security Matters) has over 19 employees. |
| Is SMX (Security Matters) publicly listed? | Yes, SMX (Security Matters) is a public company listed on Nasdaq. |
| What is the stock symbol of SMX (Security Matters)? | SMX (Security Matters) trades under SMX ticker. |
| When did SMX (Security Matters) go public? | SMX (Security Matters) went public in 2023. |
| Who are competitors of SMX (Security Matters)? | SMX (Security Matters) main competitors are WithSecure, Baudroie, F-Secure, eMudhra. |
| What is the current market cap of SMX (Security Matters)? | SMX (Security Matters)'s current market cap is $343M. |
| Is SMX (Security Matters) profitable? | No, SMX (Security Matters) is not profitable. |
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