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Tradition Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tradition and similar public comparables like Northeast Securities, Angel One, AJ Bell, eToro and more.
Tradition Overview
About Tradition
Compagnie Financiere Tradition SA is a Switzerland-based interdealer broking firm. It acts as a marketplace and an intermediary and facilitates transactions between financial institutions and other professional traders in the capital markets. Its Financial and non-financial products include bonds, interest rates, index futures, currency and credit derivatives, equities, precious metals, energy and environmental products and others. Its geographical segments are Europe, Middle East and Africa; Americas and Asia-Pacific.
Founded
1959
HQ

Employees
50
Website
Financials (LTM)
EV
$3B
Tradition Financials
Tradition reported last 12-month revenue of $1B and EBITDA of $224M.
In the same LTM period, Tradition generated $224M in EBITDA and $176M in net income.
Revenue (LTM)
Tradition P&L
In the most recent fiscal year, Tradition reported revenue of $1B and EBITDA of $273M.
Tradition expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $441M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $224M | XXX | $273M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $176M | XXX | $174M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 12% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tradition Stock Performance
Tradition has current market cap of $3B, and enterprise value of $3B.
Market Cap Evolution
Tradition's stock price is $358.56.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | -0.9% | XXX | XXX | XXX | $22.79 |
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Start Free TrialTradition Valuation Multiples
Tradition trades at 1.8x EV/Revenue multiple, and 11.6x EV/EBITDA.
EV / Revenue (LTM)
Tradition Financial Valuation Multiples
As of April 16, 2026, Tradition has market cap of $3B and EV of $3B.
Equity research analysts estimate Tradition's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tradition has a P/E ratio of 15.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 11.6x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | 11.9x | XXX | 11.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.9x | XXX | XXX | XXX |
| P/E | 15.5x | XXX | 15.7x | XXX | XXX | XXX |
| EV/FCF | 19.0x | XXX | 20.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tradition 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.


Tradition Margins & Growth Rates
Tradition's revenue in the last 12 month grew by 6%.
Tradition's revenue per employee in the last FY averaged $29.0M, while opex per employee averaged $4.7M for the same period.
Tradition's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tradition'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).
Tradition Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $29.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $4.7M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tradition Public Comps
See public comps and valuation multiples for other Investment Brokerage and Capital Markets Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tradition | XXX | XXX | XXX | XXX | XXX | XXX |
| Northeast Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Angel One | XXX | XXX | XXX | XXX | XXX | XXX |
| AJ Bell | XXX | XXX | XXX | XXX | XXX | XXX |
| eToro | XXX | XXX | XXX | XXX | XXX | XXX |
| SSI Securities | 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.
Tradition M&A Activity
Tradition acquired XXX companies to date.
Last acquisition by Tradition was on XXXXXXXX, XXXXX. Tradition acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tradition
| 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 TrialTradition Investment Activity
Tradition invested in XXX companies to date.
Tradition made its latest investment on XXXXXXXX, XXXXX. Tradition invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tradition
| 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 Tradition
| When was Tradition founded? | Tradition was founded in 1959. |
| Where is Tradition headquartered? | Tradition is headquartered in Switzerland. |
| How many employees does Tradition have? | As of today, Tradition has over 50 employees. |
| Is Tradition publicly listed? | Yes, Tradition is a public company listed on SIX Swiss Exchange. |
| What is the stock symbol of Tradition? | Tradition trades under CFT ticker. |
| When did Tradition go public? | Tradition went public in 2012. |
| Who are competitors of Tradition? | Tradition main competitors are Northeast Securities, Angel One, AJ Bell, eToro. |
| What is the current market cap of Tradition? | Tradition's current market cap is $3B. |
| What is the current revenue of Tradition? | Tradition's last 12 months revenue is $1B. |
| What is the current revenue growth of Tradition? | Tradition revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Tradition? | Current revenue multiple of Tradition is 1.8x. |
| Is Tradition profitable? | Yes, Tradition is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tradition? | Tradition's last 12 months EBITDA is $224M. |
| What is Tradition's EBITDA margin? | Tradition's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Tradition? | Current EBITDA multiple of Tradition is 11.6x. |
| What is the current FCF of Tradition? | Tradition's last 12 months FCF is $137M. |
| What is Tradition's FCF margin? | Tradition's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Tradition? | Current FCF multiple of Tradition is 19.0x. |
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