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United Internet Valuation Multiples
Discover revenue and EBITDA valuation multiples for United Internet and similar public comparables like Turkcell, Dropbox, Zegona Communications, PCCW and more.
United Internet Overview
About United Internet
United Internet AG is a telecommunications provider that operates through two business divisions: Access and Applications, which in turn are divided into the segments Consumer Access and Business Access and Consumer Applications and Business Applications. The Consumer Access segment which generates the majority of the revenue for the company comprises mobile internet products as well as landline-based broadband products (including the respective applications, such as home networks, online storage, telephony, Smart Home, IPTV, and video-on-demand). The company also provides a wide range of telecommunication products and services to companies and local authorities.
Founded
1998
HQ

Employees
11.0K
Website
Financials (LTM)
EV
$11B
United Internet Financials
United Internet reported last 12-month revenue of $7B and EBITDA of $2B.
In the same LTM period, United Internet generated $2B in gross profit, $2B in EBITDA, and $329M in net income.
Revenue (LTM)
United Internet P&L
In the most recent fiscal year, United Internet reported revenue of $7B and EBITDA of $2B.
United Internet expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $329M | XXX | $336M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
United Internet Stock Performance
United Internet has current market cap of $6B, and enterprise value of $11B.
Market Cap Evolution
United Internet's stock price is $33.04.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $6B | 1.1% | XXX | XXX | XXX | $1.95 |
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Start Free TrialUnited Internet Valuation Multiples
United Internet trades at 1.5x EV/Revenue multiple, and 7.1x EV/EBITDA.
EV / Revenue (LTM)
United Internet Financial Valuation Multiples
As of April 17, 2026, United Internet has market cap of $6B and EV of $11B.
Equity research analysts estimate United Internet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
United Internet has a P/E ratio of 17.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.1x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBIT | 14.8x | XXX | 12.9x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 17.3x | XXX | 17.0x | XXX | XXX | XXX |
| EV/FCF | 23.4x | XXX | 18.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified United Internet 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.


United Internet Margins & Growth Rates
United Internet's revenue in the last 12 month grew by 5%.
United Internet's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.
United Internet's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
United Internet's rule of X is 32% (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).
United Internet Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 15% | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
United Internet Public Comps
See public comps and valuation multiples for other Cloud Infrastructure and Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| United Internet | XXX | XXX | XXX | XXX | XXX | XXX |
| Turkcell | XXX | XXX | XXX | XXX | XXX | XXX |
| Dropbox | XXX | XXX | XXX | XXX | XXX | XXX |
| Zegona Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| PCCW | XXX | XXX | XXX | XXX | XXX | XXX |
| SES | 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.
United Internet M&A Activity
United Internet acquired XXX companies to date.
Last acquisition by United Internet was on XXXXXXXX, XXXXX. United Internet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by United Internet
| 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 TrialUnited Internet Investment Activity
United Internet invested in XXX companies to date.
United Internet made its latest investment on XXXXXXXX, XXXXX. United Internet invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by United Internet
| 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 United Internet
| When was United Internet founded? | United Internet was founded in 1998. |
| Where is United Internet headquartered? | United Internet is headquartered in Germany. |
| How many employees does United Internet have? | As of today, United Internet has over 11K employees. |
| Who is the CEO of United Internet? | United Internet's CEO is Ralph Dommermuth. |
| Is United Internet publicly listed? | Yes, United Internet is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of United Internet? | United Internet trades under UTDI ticker. |
| When did United Internet go public? | United Internet went public in 1998. |
| Who are competitors of United Internet? | United Internet main competitors are Turkcell, Dropbox, Zegona Communications, PCCW. |
| What is the current market cap of United Internet? | United Internet's current market cap is $6B. |
| What is the current revenue of United Internet? | United Internet's last 12 months revenue is $7B. |
| What is the current revenue growth of United Internet? | United Internet revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of United Internet? | Current revenue multiple of United Internet is 1.5x. |
| Is United Internet profitable? | Yes, United Internet is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of United Internet? | United Internet's last 12 months EBITDA is $2B. |
| What is United Internet's EBITDA margin? | United Internet's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of United Internet? | Current EBITDA multiple of United Internet is 7.1x. |
| What is the current FCF of United Internet? | United Internet's last 12 months FCF is $467M. |
| What is United Internet's FCF margin? | United Internet's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of United Internet? | Current FCF multiple of United Internet is 23.4x. |
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