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Spirax Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Spirax Group and similar public comparables like Suzhou Inovance, Yamaha Motor, Federal Signal, Shenzhen Kedali Industry and more.
Spirax Group Overview
About Spirax Group
Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.
Founded
1958
HQ

Employees
9.9K
Website
Sectors
Financials (LTM)
EV
$8B
Spirax Group Financials
Spirax Group reported last 12-month revenue of $2B and EBITDA of $548M.
In the same LTM period, Spirax Group generated $2B in gross profit, $548M in EBITDA, and $298M in net income.
Revenue (LTM)
Spirax Group P&L
In the most recent fiscal year, Spirax Group reported revenue of $2B and EBITDA of $533M.
Spirax Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 76% | XXX | 77% | XXX | XXX | XXX |
| EBITDA | $548M | XXX | $533M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $298M | XXX | $294M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $764M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spirax Group Stock Performance
Spirax Group has current market cap of $7B, and enterprise value of $8B.
Market Cap Evolution
Spirax Group's stock price is $101.28.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $7B | 0.0% | XXX | XXX | XXX | $3.98 |
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Start Free TrialSpirax Group Valuation Multiples
Spirax Group trades at 3.6x EV/Revenue multiple, and 15.3x EV/EBITDA.
EV / Revenue (LTM)
Spirax Group Financial Valuation Multiples
As of April 19, 2026, Spirax Group has market cap of $7B and EV of $8B.
Equity research analysts estimate Spirax Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spirax Group has a P/E ratio of 25.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 15.3x | XXX | 15.7x | XXX | XXX | XXX |
| EV/EBIT | 17.9x | XXX | 18.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.7x | XXX | 4.7x | XXX | XXX | XXX |
| P/E | 25.1x | XXX | 25.4x | XXX | XXX | XXX |
| EV/FCF | 34.7x | XXX | 27.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spirax 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.


Spirax Group Margins & Growth Rates
Spirax Group's revenue in the last 12 month grew by 5%.
Spirax Group's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Spirax Group's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spirax Group's rule of X is 34% (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).
Spirax Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 61% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spirax Group Public Comps
See public comps and valuation multiples for other Industrial Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Spirax Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Suzhou Inovance | XXX | XXX | XXX | XXX | XXX | XXX |
| Yamaha Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Federal Signal | XXX | XXX | XXX | XXX | XXX | XXX |
| Shenzhen Kedali Industry | XXX | XXX | XXX | XXX | XXX | XXX |
| Shimadzu | 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.
Spirax Group M&A Activity
Spirax Group acquired XXX companies to date.
Last acquisition by Spirax Group was on XXXXXXXX, XXXXX. Spirax Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spirax 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 TrialSpirax Group Investment Activity
Spirax Group invested in XXX companies to date.
Spirax Group made its latest investment on XXXXXXXX, XXXXX. Spirax Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spirax 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 Spirax Group
| When was Spirax Group founded? | Spirax Group was founded in 1958. |
| Where is Spirax Group headquartered? | Spirax Group is headquartered in United Kingdom. |
| How many employees does Spirax Group have? | As of today, Spirax Group has over 9K employees. |
| Who is the CEO of Spirax Group? | Spirax Group's CEO is Nimesh Balvir Patel. |
| Is Spirax Group publicly listed? | Yes, Spirax Group is a public company listed on London Stock Exchange. |
| What is the stock symbol of Spirax Group? | Spirax Group trades under SPX ticker. |
| When did Spirax Group go public? | Spirax Group went public in 1959. |
| Who are competitors of Spirax Group? | Spirax Group main competitors are Suzhou Inovance, Yamaha Motor, Federal Signal, Shenzhen Kedali Industry. |
| What is the current market cap of Spirax Group? | Spirax Group's current market cap is $7B. |
| What is the current revenue of Spirax Group? | Spirax Group's last 12 months revenue is $2B. |
| What is the current revenue growth of Spirax Group? | Spirax Group revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Spirax Group? | Current revenue multiple of Spirax Group is 3.6x. |
| Is Spirax Group profitable? | Yes, Spirax Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Spirax Group? | Spirax Group's last 12 months EBITDA is $548M. |
| What is Spirax Group's EBITDA margin? | Spirax Group's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Spirax Group? | Current EBITDA multiple of Spirax Group is 15.3x. |
| What is the current FCF of Spirax Group? | Spirax Group's last 12 months FCF is $241M. |
| What is Spirax Group's FCF margin? | Spirax Group's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Spirax Group? | Current FCF multiple of Spirax Group is 34.7x. |
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