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TKMS Valuation Multiples
Discover revenue and EBITDA valuation multiples for TKMS and similar public comparables like Rail Vikas Nigam, Sulzer, Symbotic, Federal Signal and more.
TKMS Overview
About TKMS
Tkms Ag & Co KGaA is an international maritime industrial group. The company is a system provider in submarine and surface vessel construction, in the field of maritime electronics and security technology and in solutions in the non-military sector. Its portfolio includes the development and manufacture of conventional submarines, specialized submarines such as frigates and corvettes and specialized civilian vessels. The business activities of TKMS comprise the three operating units (i) Submarines, (ii) Surface Vessels and (iii) Atlas Electronics. The majority of the company's revenue is derived from the Submarines segment, which comprises the construction (including design, procurement, and manufacturing) of non-nuclear submarines for use in coastal and offshore areas.
Founded
2005
HQ

Employees
10.5K
Website
Financials (LTM)
EV
$5B
TKMS Financials
TKMS reported last 12-month revenue of $3B and EBITDA of $252M.
In the same LTM period, TKMS generated $459M in gross profit, $252M in EBITDA, and $140M in net income.
Revenue (LTM)
TKMS P&L
In the most recent fiscal year, TKMS reported revenue of $2B and EBITDA of $249M.
TKMS expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $459M | XXX | $361M | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $252M | XXX | $249M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $140M | XXX | $96M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TKMS Stock Performance
TKMS has current market cap of $7B, and enterprise value of $5B.
Market Cap Evolution
TKMS's stock price is $110.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $7B | — | XXX | XXX | XXX | $1.51 |
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Start Free TrialTKMS Valuation Multiples
TKMS trades at 1.9x EV/Revenue multiple, and 19.5x EV/EBITDA.
EV / Revenue (LTM)
TKMS Financial Valuation Multiples
As of March 28, 2026, TKMS has market cap of $7B and EV of $5B.
Equity research analysts estimate TKMS's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TKMS has a P/E ratio of 50.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 19.5x | XXX | 19.7x | XXX | XXX | XXX |
| EV/EBIT | 30.6x | XXX | 47.9x | XXX | XXX | XXX |
| EV/Gross Profit | 10.7x | XXX | 13.6x | XXX | XXX | XXX |
| P/E | 50.3x | XXX | 73.4x | XXX | XXX | XXX |
| EV/FCF | 10.5x | XXX | 12.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TKMS 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.


TKMS Margins & Growth Rates
TKMS's revenue in the last 12 month grew by 8%.
TKMS's revenue per employee in the last FY averaged $0.2M.
TKMS's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TKMS's rule of X is 30% (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).
TKMS Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TKMS Public Comps
See public comps and valuation multiples for other Defense Systems and Machinery comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Rail Vikas Nigam | XXX | XXX | XXX | XXX | XXX | XXX |
| Sulzer | XXX | XXX | XXX | XXX | XXX | XXX |
| Symbotic | XXX | XXX | XXX | XXX | XXX | XXX |
| Federal Signal | XXX | XXX | XXX | XXX | XXX | XXX |
| LIG Nex1 | 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.
TKMS M&A Activity
TKMS acquired XXX companies to date.
Last acquisition by TKMS was on XXXXXXXX, XXXXX. TKMS acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TKMS
| 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 TrialTKMS Investment Activity
TKMS invested in XXX companies to date.
TKMS made its latest investment on XXXXXXXX, XXXXX. TKMS invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TKMS
| 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 TKMS
| When was TKMS founded? | TKMS was founded in 2005. |
| Where is TKMS headquartered? | TKMS is headquartered in Germany. |
| How many employees does TKMS have? | As of today, TKMS has over 10K employees. |
| Is TKMS publicly listed? | Yes, TKMS is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of TKMS? | TKMS trades under TKMS ticker. |
| When did TKMS go public? | TKMS went public in 2025. |
| Who are competitors of TKMS? | TKMS main competitors are Rail Vikas Nigam, Sulzer, Symbotic, Federal Signal. |
| What is the current market cap of TKMS? | TKMS's current market cap is $7B. |
| What is the current revenue of TKMS? | TKMS's last 12 months revenue is $3B. |
| What is the current revenue growth of TKMS? | TKMS revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of TKMS? | Current revenue multiple of TKMS is 1.9x. |
| Is TKMS profitable? | Yes, TKMS is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TKMS? | TKMS's last 12 months EBITDA is $252M. |
| What is TKMS's EBITDA margin? | TKMS's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of TKMS? | Current EBITDA multiple of TKMS is 19.5x. |
| What is the current FCF of TKMS? | TKMS's last 12 months FCF is $467M. |
| What is TKMS's FCF margin? | TKMS's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of TKMS? | Current FCF multiple of TKMS is 10.5x. |
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