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THG Valuation Multiples
Discover revenue and EBITDA valuation multiples for THG and similar public comparables like CEWE Group, Infomart, Apotea, GoodRx and more.
THG Overview
About THG
THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom.
Founded
2008
HQ
Employees
6.8K
Website
Sectors
Financials (LTM)
EV
$1B
THG Financials
THG reported last 12-month revenue of $2B and EBITDA of $113M.
In the same LTM period, THG generated $943M in gross profit, $113M in EBITDA, and $38M in net income.
Revenue (LTM)
THG P&L
In the most recent fiscal year, THG reported revenue of $2B and EBITDA of $91M.
THG 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 | $943M | XXX | $941M | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $113M | XXX | $91M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | (8%) | XXX | XXX | XXX |
| Net Profit | $38M | XXX | ($443M) | XXX | XXX | XXX |
| Net Margin | 2% | XXX | (19%) | XXX | XXX | XXX |
| Net Debt | — | — | $402M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
THG Stock Performance
THG has current market cap of $773M, and enterprise value of $1B.
Market Cap Evolution
THG's stock price is $0.50.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $773M | 4.6% | XXX | XXX | XXX | $-0.28 |
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Start Free TrialTHG Valuation Multiples
THG trades at 0.5x EV/Revenue multiple, and 11.1x EV/EBITDA.
EV / Revenue (LTM)
THG Financial Valuation Multiples
As of April 17, 2026, THG has market cap of $773M and EV of $1B.
Equity research analysts estimate THG's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
THG has a P/E ratio of 20.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $773M | XXX | $773M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 11.1x | XXX | 13.8x | XXX | XXX | XXX |
| EV/EBIT | 26.0x | XXX | (6.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.3x | XXX | 1.3x | XXX | XXX | XXX |
| P/E | 20.5x | XXX | (1.7x) | XXX | XXX | XXX |
| EV/FCF | (56.6x) | XXX | (191.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified THG 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.
THG Margins & Growth Rates
THG's revenue in the last 12 month grew by 6%.
THG's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
THG's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
THG's rule of X is 21% (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).
THG Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Growth | 29% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 12% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 13% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 35% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 48% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
THG Public Comps
See public comps and valuation multiples for other Consumer E-commerce and Horizontal E-commerce comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| THG | XXX | XXX | XXX | XXX | XXX | XXX |
| CEWE Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Infomart | XXX | XXX | XXX | XXX | XXX | XXX |
| Apotea | XXX | XXX | XXX | XXX | XXX | XXX |
| GoodRx | XXX | XXX | XXX | XXX | XXX | XXX |
| Dmall | 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.
THG M&A Activity
THG acquired XXX companies to date.
Last acquisition by THG was on XXXXXXXX, XXXXX. THG acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by THG
| 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 TrialTHG Investment Activity
THG invested in XXX companies to date.
THG made its latest investment on XXXXXXXX, XXXXX. THG invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by THG
| 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 THG
| When was THG founded? | THG was founded in 2008. |
| Where is THG headquartered? | THG is headquartered in United Kingdom. |
| How many employees does THG have? | As of today, THG has over 6K employees. |
| Who is the CEO of THG? | THG's CEO is Matthew Moulding. |
| Is THG publicly listed? | Yes, THG is a public company listed on London Stock Exchange. |
| What is the stock symbol of THG? | THG trades under THG ticker. |
| When did THG go public? | THG went public in 2020. |
| Who are competitors of THG? | THG main competitors are CEWE Group, Infomart, Apotea, GoodRx. |
| What is the current market cap of THG? | THG's current market cap is $773M. |
| What is the current revenue of THG? | THG's last 12 months revenue is $2B. |
| What is the current revenue growth of THG? | THG revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of THG? | Current revenue multiple of THG is 0.5x. |
| Is THG profitable? | Yes, THG is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of THG? | THG's last 12 months EBITDA is $113M. |
| What is THG's EBITDA margin? | THG's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of THG? | Current EBITDA multiple of THG is 11.1x. |
| What is the current FCF of THG? | THG's last 12 months FCF is ($22M). |
| What is THG's FCF margin? | THG's last 12 months FCF margin is (1%). |
| What is the current EV/FCF multiple of THG? | Current FCF multiple of THG is (56.6x). |
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