Veolia Valuation Multiples

Veolia Overview

About Veolia

Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of Suez in 2022 drove an EBITDA increase of nearly 40%.

Founded

1995

HQ

Employees

218.3K

Website

veolia.com

Sectors

Waste & Environmental ServicesClimateTech

Financials (LTM)

Revenue: $53B

EBITDA: $8B

EV

$43B

Valuation Multiples

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Veolia Financials

Veolia reported last 12-month revenue of $53B and EBITDA of $8B.

In the same LTM period, Veolia generated $8B in EBITDA and $2B in net income.

Veolia P&L

In the most recent fiscal year, Veolia reported revenue of $52B and EBITDA of $8B.

Veolia expects next 12-month revenue of XXX and NTM EBITDA of XXX

Veolia Stock Performance

Veolia has current market cap of $31B, and enterprise value of $43B.

Veolia's stock price is $41.85.

Veolia Valuation Multiples

Veolia trades at 0.8x EV/Revenue multiple, and 5.1x EV/EBITDA.

Veolia Financial Valuation Multiples

As of April 19, 2026, Veolia has market cap of $31B and EV of $43B.

Equity research analysts estimate Veolia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Veolia has a P/E ratio of 15.5x.

Veolia Margins & Growth Rates

Veolia's revenue in the last 12 month grew by 5%.

Veolia's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Veolia's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Veolia's rule of X is 28% (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).

Veolia Public Comps

See public comps and valuation multiples for other Waste & Environmental Services comps.

Veolia M&A Activity

Veolia acquired XXX companies to date.

Last acquisition by Veolia was on XXXXXXXX, XXXXX. Veolia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Veolia Investment Activity

Veolia invested in XXX companies to date.

Veolia made its latest investment on XXXXXXXX, XXXXX. Veolia invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).