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- Tulikivi
Tulikivi Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tulikivi and similar public comparables like Roca Industry, Rath, Iktinos Hellas, 3U Holding and more.
Tulikivi Overview
About Tulikivi
Tulikivi Oyj specializes in high-quality fireplaces, sauna heaters, and decorative stone products made from natural materials. Its factories are located in Juuka, Suomussalmi, and Heinavesi. Its product groups are fireplaces, Sauna, and Interior. In addition, it manufactures the modern, versatile heaters on the market for both wood and electric saunas. The group also provides decorative stone solutions for all areas of the home, including stone countertops, tiles, and mosaics. The geographical areas of the company include Finland, the Rest of Europe, and the USA.
Founded
N/A
HQ

Employees
184
Website
Sectors
Financials (LTM)
EV
$52M
Tulikivi Financials
Tulikivi reported last 12-month revenue of $34M and EBITDA of $3M.
In the same LTM period, Tulikivi generated $3M in EBITDA.
Revenue (LTM)
Tulikivi P&L
In the most recent fiscal year, Tulikivi reported revenue of $34M and EBITDA of $2M.
Tulikivi expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $34M | XXX | $34M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $24M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 71% | XXX | XXX | XXX |
| EBITDA | $3M | XXX | $2M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | (0%) | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($1M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (4%) | XXX | XXX | XXX |
| Net Debt | — | — | $11M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tulikivi Stock Performance
Tulikivi has current market cap of $39M, and enterprise value of $52M.
Market Cap Evolution
Tulikivi's stock price is $0.66.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $52M | $39M | -0.2% | XXX | XXX | XXX | $-0.02 |
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Start Free TrialTulikivi Valuation Multiples
Tulikivi trades at 1.5x EV/Revenue multiple, and 17.9x EV/EBITDA.
EV / Revenue (LTM)
Tulikivi Financial Valuation Multiples
As of April 11, 2026, Tulikivi has market cap of $39M and EV of $52M.
Equity research analysts estimate Tulikivi's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tulikivi has a P/E ratio of (30.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $39M | XXX | $39M | XXX | XXX | XXX |
| EV (current) | $52M | XXX | $52M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 17.9x | XXX | 21.9x | XXX | XXX | XXX |
| EV/EBIT | (462.1x) | XXX | (81.4x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.2x | XXX | XXX | XXX |
| P/E | — | XXX | (30.6x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 57.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tulikivi 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.


Tulikivi Margins & Growth Rates
Tulikivi's revenue in the last 12 month grew by 4%.
Tulikivi's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Tulikivi's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tulikivi's rule of X is 18% (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).
Tulikivi Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 57% | XXX | 84% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 72% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tulikivi Public Comps
See public comps and valuation multiples for other Building Products comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Roca Industry | XXX | XXX | XXX | XXX | XXX | XXX |
| Rath | XXX | XXX | XXX | XXX | XXX | XXX |
| Iktinos Hellas | XXX | XXX | XXX | XXX | XXX | XXX |
| 3U Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Hutter und Schrantz Steel | 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.
Tulikivi M&A Activity
Tulikivi acquired XXX companies to date.
Last acquisition by Tulikivi was on XXXXXXXX, XXXXX. Tulikivi acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tulikivi
| 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
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Start Free TrialTulikivi Investment Activity
Tulikivi invested in XXX companies to date.
Tulikivi made its latest investment on XXXXXXXX, XXXXX. Tulikivi invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tulikivi
| 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 Tulikivi
| Where is Tulikivi headquartered? | Tulikivi is headquartered in Finland. |
| How many employees does Tulikivi have? | As of today, Tulikivi has over 184 employees. |
| Is Tulikivi publicly listed? | Yes, Tulikivi is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Tulikivi? | Tulikivi trades under TULAV ticker. |
| When did Tulikivi go public? | Tulikivi went public in 1988. |
| Who are competitors of Tulikivi? | Tulikivi main competitors are Roca Industry, Rath, Iktinos Hellas, 3U Holding. |
| What is the current market cap of Tulikivi? | Tulikivi's current market cap is $39M. |
| What is the current revenue of Tulikivi? | Tulikivi's last 12 months revenue is $34M. |
| What is the current revenue growth of Tulikivi? | Tulikivi revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Tulikivi? | Current revenue multiple of Tulikivi is 1.5x. |
| Is Tulikivi profitable? | Yes, Tulikivi is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tulikivi? | Tulikivi's last 12 months EBITDA is $3M. |
| What is Tulikivi's EBITDA margin? | Tulikivi's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Tulikivi? | Current EBITDA multiple of Tulikivi is 17.9x. |
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