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TagMaster Valuation Multiples

Discover TagMaster's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like PicoCELA, Gapwaves, DrayTek, Teleste and more.

TagMaster Overview

About TagMaster

TagMaster AB is engaged in technology business sector. The company develops and sells advanced sensor systems and solutions based on radio, radar and camera technologies. The company's products are used in the areas of parking, traffic situations, electronic toll systems, and public transport. The company operates through various business segments that are Traffic and Rail. The Traffic segment generates maximum revenue for the company. Geographically, the company offers its services to the  America's, EMEA and Asia Pacific.


Founded

1994

HQ

Sweden

Employees

120

Financials (FY)

Revenue: $52M
EBITDA: $9M

EV

$67M

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TagMaster Financials

TagMaster reported last fiscal year revenue of $52M and EBITDA of $9M.

In the same fiscal year, TagMaster generated $36M in gross profit, $9M in EBITDA, and $2M in net income.


TagMaster P&L

In the most recent fiscal year, TagMaster reported revenue of $52M and EBITDA of $9M.

TagMaster is profitable as of last fiscal year, with gross margin of 70%, EBITDA margin of 17%, and net margin of 5%.

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Last FY202320242025202620272028
Revenue$52M$43M$45M$52M
Gross Profit$36M$30M$31M$36M
Gross Margin70%68%68%70%
EBITDA$9M$5M$5M$9M
EBITDA Margin17%12%10%17%
EBIT Margin6%3%2%6%
Net Profit$2M$1M$501K$2M
Net Margin5%3%1%5%
Net Debt$4M---

Financial data powered by Morningstar, Inc.

TagMaster Stock Performance

TagMaster has current market cap of $65M, and enterprise value of $67M.

Market Cap Evolution


TagMaster's stock price is $4.45.

TagMaster share price decreased by 1.1% in the last 30 days, and increased by 205.5% in the last year.

TagMaster has an EPS (earnings per share) of $0.17.

See more trading valuation data for TagMaster
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$67M$65M-0.2%-1.1%62.8%205.5%$0.17

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TagMaster Valuation Multiples

TagMaster trades at 1.3x EV/Revenue multiple, and 7.7x EV/EBITDA.

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TagMaster Financial Valuation Multiples

As of June 3, 2026, TagMaster has market cap of $65M and EV of $67M.

TagMaster has a P/E ratio of 26.9x.

Last FY202320242025202620272028
EV/Revenue1.3x1.5x1.5x1.3x
EV/EBITDA7.7x13.1x14.9x7.7x
EV/EBIT20.6x45.4x71.6x20.6x
EV/Gross Profit1.9x2.3x2.2x1.9x
P/E26.9x44.3x130.0x26.9x
EV/FCF11.0x22.8x10.8x11.0x

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

Verified TagMaster 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.

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TagMaster Margins & Growth Rates

In the most recent fiscal year, TagMaster reported gross margin of 70%, EBITDA margin of 17%, and net margin of 5%.

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TagMaster Margins

Last FY20242025202720282029
Gross Margin70%68%70%
EBITDA Margin17%10%17%
EBIT Margin6%2%6%
Net Margin5%1%5%
FCF Margin12%14%12%

TagMaster Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth4%15%
Gross Profit Growth4%17%
EBITDA Growth(12%)93%
EBIT Growth(37%)248%
Net Profit Growth(66%)384%
FCF Growth110%(1%)

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

TagMaster Operational KPIs

TagMaster's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.

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Last FY202320242025202620272028
Revenue per Employee$0.4M---
Opex per Employee$0.3M---
Opex to Revenue63%65%66%63%

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

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TagMaster Competitors

TagMaster competitors include PicoCELA, Gapwaves, DrayTek, Teleste, BeammWave, MTI Wireless Edge, Etherstack, Alcadon Group, Fatpipe and Saf Tehnika.

Most TagMaster public comparables operate across Networking Hardware.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
PicoCELA19.0x-(17.8x)-
Gapwaves5.8x5.6x(12.5x)(15.8x)
DrayTek1.2x-17.3x-
Teleste0.6x0.6x7.3x6.9x
BeammWave239.6x22.1x(28.2x)(39.4x)
MTI Wireless Edge1.3x1.3x9.9x9.8x
Etherstack5.1x3.8x24.6x14.8x
Alcadon Group0.7x0.7x8.4x8.8x

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Acquisitions by TagMaster

TagMaster has acquired 4 companies to date.

Last acquisition by TagMaster was on November 28th 2024. TagMaster acquired Quercus Technologies for $6M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by TagMaster

Quercus Technologies
Citilog
HIKOB
CitySync
Description
Quercus Technologies is a Girona-based developer of parking management systems featuring license plate recognition technology. Its product lineup includes all-in-one LPR cameras, parking guidance sensors, videodetection units, network video recorders, and the BirdWatch software suite for comprehensive car park control. Deployed in airports, cities, and commercial facilities worldwide, the solutions enhance traffic flow and security in over 50 countries. Established in Spain, the company exports primarily to Europe, Latin America, and Asia, with installations in major hubs like Heathrow Airport and Barcelona-El Prat.
Citilog is a Toulouse-based developer of video analytics for traffic management. Its systems detect incidents in real-time on roads, highways, and urban infrastructure using AI-powered cameras. Solutions cover safety monitoring, security surveillance, mobility optimization, and environmental compliance for operators in Europe and beyond.
HIKOB is a Grenoble-based provider of wireless data acquisition systems for asset monitoring in harsh environments. The platform deploys autonomous sensors for outdoor infrastructure, industrial equipment, and mobile assets, capturing multi-point data with integrated analytics. HIKOB enables cost savings in maintenance for energy, transport, and manufacturing sectors across Europe.
CitySync Limited is a Hatfield-headquartered company founded in 1999 that develops automatic number plate recognition hardware and software for traffic management. Its products include Jet ANPR Engine for OCR, JetBase suites for data storage and reporting, JetVelocity for speed detection, and JetCam cameras like Fox HD and Wasp. CitySync serves homeland security, intelligent transport, parking, and policing sectors across the United Kingdom and Europe with systems like Jet-JTMS for journey monitoring.
HQ CountrySpainFranceFranceUnited Kingdom
HQ City
Reus
Paris
Lyon
Welwyn Garden City
Deal Date28 Nov 202429 Apr 202131 Aug 201813 Jul 2015
Valuation$6M$4Mundisclosed$3M
EV/Revenue
EV/EBITDA

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About TagMaster

When was TagMaster founded?TagMaster was founded in 1994.
Where is TagMaster headquartered?TagMaster is headquartered in Sweden.
How many employees does TagMaster have?As of today, TagMaster has over 120 employees.
Is TagMaster publicly listed?Yes, TagMaster is a public company listed on Nasdaq Stockholm.
What is the stock symbol of TagMaster?TagMaster trades under TAGM B ticker.
When did TagMaster go public?TagMaster went public in 1999.
Who are competitors of TagMaster?TagMaster main competitors include PicoCELA, Gapwaves, DrayTek, Teleste, BeammWave, MTI Wireless Edge, Etherstack, Alcadon Group, Fatpipe, Saf Tehnika.
What is the current market cap of TagMaster?TagMaster's current market cap is $65M.
What is the current revenue of TagMaster?TagMaster's last fiscal year revenue is $52M.
What is the current EV/Revenue multiple of TagMaster?Current revenue multiple of TagMaster is 1.3x.
Is TagMaster profitable?No, TagMaster is not profitable.
How many companies TagMaster has acquired to date?As of June 2026, TagMaster has acquired 4 companies.
What was the largest acquisition by TagMaster?$6M acquisition of Quercus Technologies on 28th November 2024 was the largest M&A TagMaster has done to date.
What companies TagMaster acquired?TagMaster acquired Quercus Technologies, Citilog, CitySync, and HIKOB.
In how many companies TagMaster has invested to date?TagMaster hasn't invested in any companies yet (or none have been disclosed publicly).

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