🚀 VC round data is live in beta, check it out!
Trainline Valuation Multiples
Discover revenue and EBITDA valuation multiples for Trainline and similar public comparables like Baltic Classifieds Group, Mony Group, Alma Media, The RealReal and more.
Trainline Overview
About Trainline
Trainline PLC is an independent rail and coach travel platform selling rail and coach tickets to millions of travellers, enabling them to seamlessly search, book, and manage their journeys all in one place via its website and mobile app. The company's segments include UK Consumer, International Consumer, and Trainline Solutions. It generates maximum revenue from the UK Consumer segment.
Founded
2019
HQ
Employees
1.1K
Website
Financials (LTM)
EV
$1B
Trainline Financials
Trainline reported last 12-month revenue of $610M and EBITDA of $239M.
In the same LTM period, Trainline generated $501M in gross profit, $239M in EBITDA, and $122M in net income.
Revenue (LTM)
Trainline P&L
In the most recent fiscal year, Trainline reported revenue of $592M and EBITDA of $213M.
Trainline expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $610M | XXX | $592M | XXX | XXX | XXX |
| Gross Profit | $501M | XXX | $472M | XXX | XXX | XXX |
| Gross Margin | 82% | XXX | 80% | XXX | XXX | XXX |
| EBITDA | $239M | XXX | $213M | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 36% | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $122M | XXX | $114M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $100M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Trainline Stock Performance
Trainline has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Trainline's stock price is $3.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | -0.5% | XXX | XXX | XXX | $0.31 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialTrainline Valuation Multiples
Trainline trades at 2.1x EV/Revenue multiple, and 5.5x EV/EBITDA.
EV / Revenue (LTM)
Trainline Financial Valuation Multiples
As of April 14, 2026, Trainline has market cap of $1B and EV of $1B.
Equity research analysts estimate Trainline's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Trainline has a P/E ratio of 9.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 5.5x | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBIT | 7.5x | XXX | 8.5x | XXX | XXX | XXX |
| EV/Gross Profit | 2.6x | XXX | 2.8x | XXX | XXX | XXX |
| P/E | 9.5x | XXX | 10.2x | XXX | XXX | XXX |
| EV/FCF | 9.5x | XXX | 9.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Trainline 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.
Trainline Margins & Growth Rates
Trainline's revenue in the last 12 month grew by 1%.
Trainline's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
Trainline's rule of 40 is 40% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Trainline's rule of X is 42% (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).
Trainline Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 40% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 60% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 60% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Trainline Public Comps
See public comps and valuation multiples for other Travel Services and Online Travel comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Trainline | XXX | XXX | XXX | XXX | XXX | XXX |
| Baltic Classifieds Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Mony Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Alma Media | XXX | XXX | XXX | XXX | XXX | XXX |
| The RealReal | XXX | XXX | XXX | XXX | XXX | XXX |
| Gold.com | 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.
Trainline M&A Activity
Trainline acquired XXX companies to date.
Last acquisition by Trainline was on XXXXXXXX, XXXXX. Trainline acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Trainline
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialTrainline Investment Activity
Trainline invested in XXX companies to date.
Trainline made its latest investment on XXXXXXXX, XXXXX. Trainline invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Trainline
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Trainline
| When was Trainline founded? | Trainline was founded in 2019. |
| Where is Trainline headquartered? | Trainline is headquartered in United Kingdom. |
| How many employees does Trainline have? | As of today, Trainline has over 1K employees. |
| Who is the CEO of Trainline? | Trainline's CEO is Jody Ford. |
| Is Trainline publicly listed? | Yes, Trainline is a public company listed on London Stock Exchange. |
| What is the stock symbol of Trainline? | Trainline trades under TRN ticker. |
| When did Trainline go public? | Trainline went public in 2019. |
| Who are competitors of Trainline? | Trainline main competitors are Baltic Classifieds Group, Mony Group, Alma Media, The RealReal. |
| What is the current market cap of Trainline? | Trainline's current market cap is $1B. |
| What is the current revenue of Trainline? | Trainline's last 12 months revenue is $610M. |
| What is the current revenue growth of Trainline? | Trainline revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Trainline? | Current revenue multiple of Trainline is 2.1x. |
| Is Trainline profitable? | Yes, Trainline is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Trainline? | Trainline's last 12 months EBITDA is $239M. |
| What is Trainline's EBITDA margin? | Trainline's last 12 months EBITDA margin is 39%. |
| What is the current EV/EBITDA multiple of Trainline? | Current EBITDA multiple of Trainline is 5.5x. |
| What is the current FCF of Trainline? | Trainline's last 12 months FCF is $137M. |
| What is Trainline's FCF margin? | Trainline's last 12 months FCF margin is 22%. |
| What is the current EV/FCF multiple of Trainline? | Current FCF multiple of Trainline is 9.5x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.