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Ultralife Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ultralife and similar public comparables like MagnaChip Semiconductor, Kwangmu, MIC Electronics, CBAK and more.
Ultralife Overview
About Ultralife
Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors. The company designs, manufactures, installs, and maintains power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom-engineered systems. The company's segments include Battery and Energy Products, and Communications Systems. It generates maximum revenue from the Battery and Energy Products segment, and from the U.S. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, and various other non-rechargeable batteries.
Founded
1990
HQ

Employees
671
Website
Financials (LTM)
EV
$140M
Ultralife Financials
Ultralife reported last 12-month revenue of $191M.
In the same LTM period, Ultralife generated had net loss of ($6M).
Revenue (LTM)
Ultralife P&L
In the most recent fiscal year, Ultralife reported revenue of $164M and EBITDA of $14M.
Ultralife expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $191M | XXX | $164M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $42M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 26% | XXX | XXX | XXX |
| EBITDA | — | XXX | $14M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 6% | XXX | XXX | XXX |
| Net Profit | ($6M) | XXX | $6M | XXX | XXX | XXX |
| Net Margin | (3%) | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $47M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ultralife Stock Performance
Ultralife has current market cap of $99M, and enterprise value of $140M.
Market Cap Evolution
Ultralife's stock price is $5.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $140M | $99M | 0.0% | XXX | XXX | XXX | $0.38 |
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Start Free TrialUltralife Valuation Multiples
Ultralife trades at 0.7x EV/Revenue multiple, and 9.7x EV/EBITDA.
EV / Revenue (LTM)
Ultralife Financial Valuation Multiples
As of March 19, 2026, Ultralife has market cap of $99M and EV of $140M.
Equity research analysts estimate Ultralife's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ultralife has a P/E ratio of (16.7x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $99M | XXX | $99M | XXX | XXX | XXX |
| EV (current) | $140M | XXX | $140M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 9.7x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 14.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.3x | XXX | XXX | XXX |
| P/E | (16.7x) | XXX | 15.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 9.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ultralife 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.


Ultralife Margins & Growth Rates
Ultralife's revenue in the last fiscal year grew by 16%.
Ultralife's revenue per employee in the last FY averaged $0.3M.
Ultralife Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 16% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (4%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ultralife Public Comps
See public comps and valuation multiples for other Electronic Components and Electrical Parts & Equipment comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MagnaChip Semiconductor | XXX | XXX | XXX | XXX | XXX | XXX |
| Kwangmu | XXX | XXX | XXX | XXX | XXX | XXX |
| MIC Electronics | XXX | XXX | XXX | XXX | XXX | XXX |
| CBAK | XXX | XXX | XXX | XXX | XXX | XXX |
| Acconeer | 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.
Ultralife M&A Activity
Ultralife acquired XXX companies to date.
Last acquisition by Ultralife was on XXXXXXXX, XXXXX. Ultralife acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ultralife
| 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 TrialUltralife Investment Activity
Ultralife invested in XXX companies to date.
Ultralife made its latest investment on XXXXXXXX, XXXXX. Ultralife invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ultralife
| 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 Ultralife
| When was Ultralife founded? | Ultralife was founded in 1990. |
| Where is Ultralife headquartered? | Ultralife is headquartered in United States. |
| How many employees does Ultralife have? | As of today, Ultralife has over 671 employees. |
| Who is the CEO of Ultralife? | Ultralife's CEO is Michael E. Manna. |
| Is Ultralife publicly listed? | Yes, Ultralife is a public company listed on Nasdaq. |
| What is the stock symbol of Ultralife? | Ultralife trades under ULBI ticker. |
| When did Ultralife go public? | Ultralife went public in 1992. |
| Who are competitors of Ultralife? | Ultralife main competitors are MagnaChip Semiconductor, Kwangmu, MIC Electronics, CBAK. |
| What is the current market cap of Ultralife? | Ultralife's current market cap is $99M. |
| What is the current revenue of Ultralife? | Ultralife's last 12 months revenue is $191M. |
| What is the current revenue growth of Ultralife? | Ultralife revenue growth (vs. last FY) is 16%. |
| What is the current EV/Revenue multiple of Ultralife? | Current revenue multiple of Ultralife is 0.7x. |
| Is Ultralife profitable? | No, Ultralife is not profitable. |
| What is the current net income of Ultralife? | Ultralife's last 12 months net income is ($6M). |
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