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Valneva Valuation Multiples
Discover revenue and EBITDA valuation multiples for Valneva and similar public comparables like Sutro Biopharma, Boiron, Esperion Therapeutics, Aquestive Therapeutics and more.
Valneva Overview
About Valneva
Valneva SE is a vaccine company focused on developing life-saving vaccines. Its portfolio includes three vaccines for travelers. The segments of the group are Commercialized vaccines which relate to marketed vaccines, the group's vaccines IXIARO/JESPECT, DUKORAL, IXCHIQ; Covid includes development, manufacturing, & distribution related to the COVID-19 vaccine, Vaccine candidates which relate to research and development programs to generate new approvable products to generate future cash flows from product sales through partnering with pharmaceutical companies; & Technologies and services which relate to services and inventions at a commercialization stage. The company generates majority of its revenue from product sales.
Founded
1999
HQ

Employees
713
Website
Sectors
Financials (LTM)
EV
$637M
Valneva Financials
Valneva reported last 12-month revenue of $200M and negative EBITDA of ($61M).
In the same LTM period, Valneva generated $94M in gross profit, ($61M) in EBITDA losses, and had net loss of ($118M).
Revenue (LTM)
Valneva P&L
In the most recent fiscal year, Valneva reported revenue of $206M and EBITDA of ($59M).
Valneva expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $200M | XXX | $206M | XXX | XXX | XXX |
| Gross Profit | $94M | XXX | $80M | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | ($61M) | XXX | ($59M) | XXX | XXX | XXX |
| EBITDA Margin | (31%) | XXX | (29%) | XXX | XXX | XXX |
| EBIT Margin | (42%) | XXX | (44%) | XXX | XXX | XXX |
| Net Profit | ($118M) | XXX | ($133M) | XXX | XXX | XXX |
| Net Margin | (59%) | XXX | (64%) | XXX | XXX | XXX |
| Net Debt | — | — | $82M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Valneva Stock Performance
Valneva has current market cap of $522M, and enterprise value of $637M.
Market Cap Evolution
Valneva's stock price is $3.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $637M | $522M | -2.8% | XXX | XXX | XXX | $-0.76 |
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Start Free TrialValneva Valuation Multiples
Valneva trades at 3.2x EV/Revenue multiple, and (10.4x) EV/EBITDA.
EV / Revenue (LTM)
Valneva Financial Valuation Multiples
As of April 18, 2026, Valneva has market cap of $522M and EV of $637M.
Equity research analysts estimate Valneva's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Valneva has a P/E ratio of (4.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $522M | XXX | $522M | XXX | XXX | XXX |
| EV (current) | $637M | XXX | $637M | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | (10.4x) | XXX | (10.7x) | XXX | XXX | XXX |
| EV/EBIT | (7.7x) | XXX | (7.0x) | XXX | XXX | XXX |
| EV/Gross Profit | 6.8x | XXX | 8.0x | XXX | XXX | XXX |
| P/E | (4.4x) | XXX | (3.9x) | XXX | XXX | XXX |
| EV/FCF | (20.3x) | XXX | (33.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Valneva 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.


Valneva Margins & Growth Rates
Valneva's revenue in the last 12 month grew by 25%.
Valneva's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Valneva's rule of 40 is (26%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Valneva's rule of X is (33%) (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).
Valneva Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | (5%) | XXX | XXX | XXX |
| EBITDA Margin | (31%) | XXX | (29%) | XXX | XXX | XXX |
| EBITDA Growth | (113%) | XXX | (32%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (26%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (33%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 23% | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 21% | XXX | 21% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 48% | XXX | 49% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 85% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Valneva Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Valneva | XXX | XXX | XXX | XXX | XXX | XXX |
| Sutro Biopharma | XXX | XXX | XXX | XXX | XXX | XXX |
| Boiron | XXX | XXX | XXX | XXX | XXX | XXX |
| Esperion Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Aquestive Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Aclaris Therapeutics | 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.
Valneva M&A Activity
Valneva acquired XXX companies to date.
Last acquisition by Valneva was on XXXXXXXX, XXXXX. Valneva acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Valneva
| 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 TrialValneva Investment Activity
Valneva invested in XXX companies to date.
Valneva made its latest investment on XXXXXXXX, XXXXX. Valneva invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Valneva
| 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 Valneva
| When was Valneva founded? | Valneva was founded in 1999. |
| Where is Valneva headquartered? | Valneva is headquartered in France. |
| How many employees does Valneva have? | As of today, Valneva has over 713 employees. |
| Who is the CEO of Valneva? | Valneva's CEO is Thomas Lingelbach. |
| Is Valneva publicly listed? | Yes, Valneva is a public company listed on Euronext Paris. |
| What is the stock symbol of Valneva? | Valneva trades under VLA ticker. |
| When did Valneva go public? | Valneva went public in 2007. |
| Who are competitors of Valneva? | Valneva main competitors are Sutro Biopharma, Boiron, Esperion Therapeutics, Aquestive Therapeutics. |
| What is the current market cap of Valneva? | Valneva's current market cap is $522M. |
| What is the current revenue of Valneva? | Valneva's last 12 months revenue is $200M. |
| What is the current revenue growth of Valneva? | Valneva revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Valneva? | Current revenue multiple of Valneva is 3.2x. |
| Is Valneva profitable? | No, Valneva is not profitable. |
| What is the current EBITDA of Valneva? | Valneva has negative EBITDA and is not profitable. |
| What is Valneva's EBITDA margin? | Valneva's last 12 months EBITDA margin is (31%). |
| What is the current EV/EBITDA multiple of Valneva? | Current EBITDA multiple of Valneva is (10.4x). |
| What is the current FCF of Valneva? | Valneva's last 12 months FCF is ($31M). |
| What is Valneva's FCF margin? | Valneva's last 12 months FCF margin is (16%). |
| What is the current EV/FCF multiple of Valneva? | Current FCF multiple of Valneva is (20.3x). |
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