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Vonovia Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vonovia and similar public comparables like Vantage Towers, Sumitomo Realty & Development, Swire Properties, KE Holdings and more.
Vonovia Overview
About Vonovia
Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. The company manages its operations through four business segments; Rental, Value-add, Recurring Sales, and Development. Maximum revenue is generated from the Rental segment, which combines all of the business activities that are aimed at the value-enhancing management of its residential real estate. It includes the company's property management activities in Germany, Austria, and Sweden.
Founded
1998
HQ

Employees
12.1K
Website
Sectors
Financials (LTM)
EV
$20B
Vonovia Financials
Vonovia reported last 12-month revenue of $4B and EBITDA of $3B.
In the same LTM period, Vonovia generated $2B in gross profit, $3B in EBITDA, and $4B in net income.
Revenue (LTM)
Vonovia P&L
In the most recent fiscal year, Vonovia reported revenue of $7B and EBITDA of $480M.
Vonovia expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $480M | XXX | XXX | XXX |
| EBITDA Margin | 81% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 79% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | ($1B) | XXX | XXX | XXX |
| Net Margin | 97% | XXX | (15%) | XXX | XXX | XXX |
| Net Debt | — | — | $48B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vonovia Stock Performance
Vonovia has current market cap of $23B, and enterprise value of $20B.
Market Cap Evolution
Vonovia's stock price is $27.38.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20B | $23B | 0.0% | XXX | XXX | XXX | $-1.24 |
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Start Free TrialVonovia Valuation Multiples
Vonovia trades at 5.0x EV/Revenue multiple, and 6.2x EV/EBITDA.
EV / Revenue (LTM)
Vonovia Financial Valuation Multiples
As of April 20, 2026, Vonovia has market cap of $23B and EV of $20B.
Equity research analysts estimate Vonovia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vonovia has a P/E ratio of 6.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 6.2x | XXX | 42.2x | XXX | XXX | XXX |
| EV/EBIT | 6.3x | XXX | 17.2x | XXX | XXX | XXX |
| EV/Gross Profit | 9.0x | XXX | 7.6x | XXX | XXX | XXX |
| P/E | 6.0x | XXX | (22.0x) | XXX | XXX | XXX |
| EV/FCF | 10.4x | XXX | 7.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vonovia 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.


Vonovia Margins & Growth Rates
Vonovia's revenue in the last 12 month grew by 6%.
Vonovia's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Vonovia's rule of 40 is 87% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vonovia's rule of X is 97% (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).
Vonovia Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (44%) | XXX | XXX | XXX |
| EBITDA Margin | 81% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 571% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 87% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 97% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Vonovia Public Comps
See public comps and valuation multiples for other Real Estate Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Vonovia | XXX | XXX | XXX | XXX | XXX | XXX |
| Vantage Towers | XXX | XXX | XXX | XXX | XXX | XXX |
| Sumitomo Realty & Development | XXX | XXX | XXX | XXX | XXX | XXX |
| Swire Properties | XXX | XXX | XXX | XXX | XXX | XXX |
| KE Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| CoStar Group | 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.
Vonovia M&A Activity
Vonovia acquired XXX companies to date.
Last acquisition by Vonovia was on XXXXXXXX, XXXXX. Vonovia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vonovia
| 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 TrialVonovia Investment Activity
Vonovia invested in XXX companies to date.
Vonovia made its latest investment on XXXXXXXX, XXXXX. Vonovia invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vonovia
| 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 Vonovia
| When was Vonovia founded? | Vonovia was founded in 1998. |
| Where is Vonovia headquartered? | Vonovia is headquartered in Germany. |
| How many employees does Vonovia have? | As of today, Vonovia has over 12K employees. |
| Is Vonovia publicly listed? | Yes, Vonovia is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of Vonovia? | Vonovia trades under VNA ticker. |
| When did Vonovia go public? | Vonovia went public in 2013. |
| Who are competitors of Vonovia? | Vonovia main competitors are Vantage Towers, Sumitomo Realty & Development, Swire Properties, KE Holdings. |
| What is the current market cap of Vonovia? | Vonovia's current market cap is $23B. |
| What is the current revenue of Vonovia? | Vonovia's last 12 months revenue is $4B. |
| What is the current revenue growth of Vonovia? | Vonovia revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Vonovia? | Current revenue multiple of Vonovia is 5.0x. |
| Is Vonovia profitable? | Yes, Vonovia is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Vonovia? | Vonovia's last 12 months EBITDA is $3B. |
| What is Vonovia's EBITDA margin? | Vonovia's last 12 months EBITDA margin is 81%. |
| What is the current EV/EBITDA multiple of Vonovia? | Current EBITDA multiple of Vonovia is 6.2x. |
| What is the current FCF of Vonovia? | Vonovia's last 12 months FCF is $2B. |
| What is Vonovia's FCF margin? | Vonovia's last 12 months FCF margin is 48%. |
| What is the current EV/FCF multiple of Vonovia? | Current FCF multiple of Vonovia is 10.4x. |
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