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TBEA Valuation Multiples
Discover revenue and EBITDA valuation multiples for TBEA and similar public comparables like Fortum, First Solar, EDP Group, Neste and more.
TBEA Overview
About TBEA
TBEA Co Ltd is a China-based company that offers energy business solutions to service providers. The company distributes electric power transmission and transformation equipment. It provides solutions such as green technology, smart environmental protection, energy equipment for turnkey projects, and system solutions that range from surveying to design, construction, installation, and commissioning, as well as integration of training, operation, and maintenance. It also promotes the construction of green and efficient power grids. The company has a business presence in China and other countries.
Founded
1993
HQ

Employees
30.5K
Website
Financials (LTM)
EV
$24B
TBEA Financials
TBEA reported last 12-month revenue of $15B and EBITDA of $2B.
In the same LTM period, TBEA generated $3B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
TBEA P&L
In the most recent fiscal year, TBEA reported revenue of $14B and EBITDA of $2B.
TBEA expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $14B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $598M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TBEA Stock Performance
TBEA has current market cap of $21B, and enterprise value of $24B.
Market Cap Evolution
TBEA's stock price is $4.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $24B | $21B | — | XXX | XXX | XXX | $0.12 |
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Start Free TrialTBEA Valuation Multiples
TBEA trades at 1.6x EV/Revenue multiple, and 9.8x EV/EBITDA.
EV / Revenue (LTM)
TBEA Financial Valuation Multiples
As of March 28, 2026, TBEA has market cap of $21B and EV of $24B.
Equity research analysts estimate TBEA's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TBEA has a P/E ratio of 20.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21B | XXX | $21B | XXX | XXX | XXX |
| EV (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.8x | XXX | 13.3x | XXX | XXX | XXX |
| EV/EBIT | 17.7x | XXX | 18.3x | XXX | XXX | XXX |
| EV/Gross Profit | 8.5x | XXX | 9.4x | XXX | XXX | XXX |
| P/E | 20.7x | XXX | 35.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 330.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TBEA 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.


TBEA Margins & Growth Rates
TBEA's revenue in the last 12 month grew by 12%.
TBEA's revenue per employee in the last FY averaged $0.5M.
TBEA's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TBEA's rule of X is 47% (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).
TBEA Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 31% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 47% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TBEA Public Comps
See public comps and valuation multiples for other Energy Equipment and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Fortum | XXX | XXX | XXX | XXX | XXX | XXX |
| First Solar | XXX | XXX | XXX | XXX | XXX | XXX |
| EDP Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Neste | XXX | XXX | XXX | XXX | XXX | XXX |
| Energias De Portugal | 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.
TBEA M&A Activity
TBEA acquired XXX companies to date.
Last acquisition by TBEA was on XXXXXXXX, XXXXX. TBEA acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TBEA
| 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 TrialTBEA Investment Activity
TBEA invested in XXX companies to date.
TBEA made its latest investment on XXXXXXXX, XXXXX. TBEA invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TBEA
| 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 TBEA
| When was TBEA founded? | TBEA was founded in 1993. |
| Where is TBEA headquartered? | TBEA is headquartered in China. |
| How many employees does TBEA have? | As of today, TBEA has over 30K employees. |
| Is TBEA publicly listed? | Yes, TBEA is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of TBEA? | TBEA trades under 600089 ticker. |
| When did TBEA go public? | TBEA went public in 1997. |
| Who are competitors of TBEA? | TBEA main competitors are Fortum, First Solar, EDP Group, Neste. |
| What is the current market cap of TBEA? | TBEA's current market cap is $21B. |
| What is the current revenue of TBEA? | TBEA's last 12 months revenue is $15B. |
| What is the current revenue growth of TBEA? | TBEA revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of TBEA? | Current revenue multiple of TBEA is 1.6x. |
| Is TBEA profitable? | Yes, TBEA is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TBEA? | TBEA's last 12 months EBITDA is $2B. |
| What is TBEA's EBITDA margin? | TBEA's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of TBEA? | Current EBITDA multiple of TBEA is 9.8x. |
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