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Talgo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Talgo and similar public comparables like BVZ Holding, SAPTCO, Fnm, Uestra Hannoversche and more.
Talgo Overview
About Talgo
Talgo SA is a Spain-based company engaged in the design and manufacture of rolling stock. It operates in three business segments: Rolling stock, which accounts for the majority of revenue; Auxiliary machines & Others; and General. The Rolling stock segment is responsible for train production, as well as for the maintenance of trains that use the company's technology. The Auxiliary Machines & Others segment provides the manufacture and technical service of lathes, as well as the sale of related spare parts. The company's product range comprises high-speed rolling stock, intercity trains, and locomotives, among others. Talgo's geographical segments are Spain, the Rest of Europe, America, the Middle East & North Africa, the Commonwealth of Independent States, and APAC.
Founded
2005
HQ
Employees
3.1K
Website
Sectors
Financials (LTM)
EV
$969M
Talgo Financials
Talgo reported last 12-month revenue of $726M and EBITDA of $26M.
In the same LTM period, Talgo generated $26M in EBITDA and had net loss of ($40M).
Revenue (LTM)
Talgo P&L
In the most recent fiscal year, Talgo reported revenue of $712M and EBITDA of $7M.
Talgo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $726M | XXX | $712M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $45M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 6% | XXX | XXX | XXX |
| EBITDA | $26M | XXX | $7M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | (1%) | XXX | (4%) | XXX | XXX | XXX |
| Net Profit | ($40M) | XXX | ($57M) | XXX | XXX | XXX |
| Net Margin | (5%) | XXX | (8%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Talgo Stock Performance
Talgo has current market cap of $432M, and enterprise value of $969M.
Market Cap Evolution
Talgo's stock price is $3.23.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $969M | $432M | -0.1% | XXX | XXX | XXX | $-0.43 |
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Start Free TrialTalgo Valuation Multiples
Talgo trades at 1.3x EV/Revenue multiple, and 37.5x EV/EBITDA.
EV / Revenue (LTM)
Talgo Financial Valuation Multiples
As of April 7, 2026, Talgo has market cap of $432M and EV of $969M.
Equity research analysts estimate Talgo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Talgo has a P/E ratio of (10.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $432M | XXX | $432M | XXX | XXX | XXX |
| EV (current) | $969M | XXX | $969M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 37.5x | XXX | 138.3x | XXX | XXX | XXX |
| EV/EBIT | (126.9x) | XXX | (33.2x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 21.4x | XXX | XXX | XXX |
| P/E | (10.8x) | XXX | (7.5x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (6.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Talgo 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.
Talgo Margins & Growth Rates
Talgo's revenue in the last 12 month grew by 10%.
Talgo's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Talgo's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Talgo's rule of X is 35% (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).
Talgo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 221% | XXX | 1012% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 13% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Talgo Public Comps
See public comps and valuation multiples for other Railways comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| BVZ Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| SAPTCO | XXX | XXX | XXX | XXX | XXX | XXX |
| Fnm | XXX | XXX | XXX | XXX | XXX | XXX |
| Uestra Hannoversche | XXX | XXX | XXX | XXX | XXX | XXX |
| NRC 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.
Talgo M&A Activity
Talgo acquired XXX companies to date.
Last acquisition by Talgo was on XXXXXXXX, XXXXX. Talgo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Talgo
| 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 TrialTalgo Investment Activity
Talgo invested in XXX companies to date.
Talgo made its latest investment on XXXXXXXX, XXXXX. Talgo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Talgo
| 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 Talgo
| When was Talgo founded? | Talgo was founded in 2005. |
| Where is Talgo headquartered? | Talgo is headquartered in Spain. |
| How many employees does Talgo have? | As of today, Talgo has over 3K employees. |
| Who is the CEO of Talgo? | Talgo's CEO is Gonzalo Pedro Urquijo Fernandez De Araoz. |
| Is Talgo publicly listed? | Yes, Talgo is a public company listed on Bolsa de Madrid. |
| What is the stock symbol of Talgo? | Talgo trades under TLGO ticker. |
| When did Talgo go public? | Talgo went public in 2015. |
| Who are competitors of Talgo? | Talgo main competitors are BVZ Holding, SAPTCO, Fnm, Uestra Hannoversche. |
| What is the current market cap of Talgo? | Talgo's current market cap is $432M. |
| What is the current revenue of Talgo? | Talgo's last 12 months revenue is $726M. |
| What is the current revenue growth of Talgo? | Talgo revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Talgo? | Current revenue multiple of Talgo is 1.3x. |
| Is Talgo profitable? | Yes, Talgo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Talgo? | Talgo's last 12 months EBITDA is $26M. |
| What is Talgo's EBITDA margin? | Talgo's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Talgo? | Current EBITDA multiple of Talgo is 37.5x. |
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