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Test Research Inc designs testing equipment for industrial applications. The firm focuses on designing, assembling, manufacturing, sales, repairing, and maintaining automated inspection and testing equipment. The firm receives a majority of its revenue from Asia and the rest from America, Europe, and other regions.
1989
632
Last FY Revenue $218M
Last FY EBITDA $81.3M
$1.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
In the most recent fiscal year, Test Research achieved revenue of $218M and an EBITDA of $81.3M.
Test Research expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Test Research valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $218M | XXX | XXX | XXX |
| Gross Profit | XXX | $130M | XXX | XXX | XXX |
| Gross Margin | XXX | 60% | XXX | XXX | XXX |
| EBITDA | XXX | $81.3M | XXX | XXX | XXX |
| EBITDA Margin | XXX | 37% | XXX | XXX | XXX |
| EBIT | XXX | $69.9M | XXX | XXX | XXX |
| EBIT Margin | XXX | 32% | XXX | XXX | XXX |
| Net Profit | XXX | $63.1M | XXX | XXX | XXX |
| Net Margin | XXX | 29% | XXX | XXX | XXX |
| Net Debt | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of July 1, 2025, Test Research's stock price is TWD 146 (or $5).
Test Research has current market cap of TWD 34.5B (or $1.2B), and EV of TWD 32.2B (or $1.1B).
See Test Research trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.1B | $1.2B | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialAs of July 1, 2025, Test Research has market cap of $1.2B and EV of $1.1B.
Test Research's trades at 5.1x EV/Revenue multiple, and 13.6x EV/EBITDA.
Equity research analysts estimate Test Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Test Research's P/E ratio is not available.
See valuation multiples for Test Research and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.2B | XXX | $1.2B | XXX | XXX | XXX |
| EV (current) | $1.1B | XXX | $1.1B | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 13.6x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | 15.8x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | 18.8x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 41.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTest Research's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Test Research's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Test Research's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Test Research and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | 32% | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 28% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Catapult | XXX | XXX | XXX | XXX | XXX | XXX |
| Optiscan Imaging | XXX | XXX | XXX | XXX | XXX | XXX |
| NanoFocus | XXX | XXX | XXX | XXX | XXX | XXX |
| Q-Interline | XXX | XXX | XXX | XXX | XXX | XXX |
| Jenoptik | 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.
Test Research acquired XXX companies to date.
Last acquisition by Test Research was XXXXXXXX, XXXXX XXXXX XXXXXX . Test Research acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Test Research founded? | Test Research was founded in 1989. |
| Where is Test Research headquartered? | Test Research is headquartered in Taiwan. |
| How many employees does Test Research have? | As of today, Test Research has 632 employees. |
| Is Test Research publicy listed? | Yes, Test Research is a public company listed on TAI. |
| What is the stock symbol of Test Research? | Test Research trades under 3030 ticker. |
| When did Test Research go public? | Test Research went public in 2002. |
| Who are competitors of Test Research? | Similar companies to Test Research include e.g. Catapult, Optiscan Imaging, NanoFocus, Q-Interline. |
| What is the current market cap of Test Research? | Test Research's current market cap is $1.2B |
| Is Test Research profitable? | Yes, Test Research is EBITDA-positive (as of the last 12 months). |
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