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Vow Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vow and similar public comparables like Ambipar, Haiki+, Soiltech, Concord Enviro and more.
Vow Overview
About Vow
Vow ASA develops and delivers technology and solutions to bring an end to waste and help industries decarbonise. The solutions purify wastewater and convert biomass and waste into valuable resources, generating CO2-neutral energy and biocarbon that decarbonise industrial processes. The group is organised across three operating segments: Industrial Solutions, Maritime Solutions, and Aftersales. Maximum revenue is generated from the Maritime Solutions segment, which includes wastewater purification, garbage handling, food waste treatment, and sludge processing solutions for the cruise industry. Geographically, the company generates a majority of its revenue from Europe.
Founded
2011
HQ

Employees
220
Website
Financials (FY)
EV
$120M
Vow Financials
Vow reported last fiscal year revenue of $108M and negative EBITDA of ($8M).
In the same fiscal year, Vow generated $19M in gross profit, ($8M) in EBITDA losses, and had net loss of ($29M).
Revenue (LTM)
Vow P&L
In the most recent fiscal year, Vow reported revenue of $108M and EBITDA of ($8M).
Vow expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $108M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $19M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 18% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($8M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (7%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (10%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($29M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (27%) | XXX | XXX | XXX |
| Net Debt | — | — | $38M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vow Stock Performance
Vow has current market cap of $74M, and enterprise value of $120M.
Market Cap Evolution
Vow's stock price is $0.26.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $120M | $74M | -0.7% | XXX | XXX | XXX | $-0.10 |
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Start Free TrialVow Valuation Multiples
Vow trades at 1.1x EV/Revenue multiple, and (15.2x) EV/EBITDA.
EV / Revenue (LTM)
Vow Financial Valuation Multiples
As of April 11, 2026, Vow has market cap of $74M and EV of $120M.
Equity research analysts estimate Vow's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vow has a P/E ratio of (2.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $74M | XXX | $74M | XXX | XXX | XXX |
| EV (current) | $120M | XXX | $120M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (15.2x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (10.8x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.2x | XXX | XXX | XXX |
| P/E | — | XXX | (2.5x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 57.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vow 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.


Vow Margins & Growth Rates
Vow's revenue in the last fiscal year grew by 0%.
Vow's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Vow's rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vow's rule of X is 9% (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).
Vow Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (224%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 9% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 9% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 28% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Vow Public Comps
See public comps and valuation multiples for other Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ambipar | XXX | XXX | XXX | XXX | XXX | XXX |
| Haiki+ | XXX | XXX | XXX | XXX | XXX | XXX |
| Soiltech | XXX | XXX | XXX | XXX | XXX | XXX |
| Concord Enviro | XXX | XXX | XXX | XXX | XXX | XXX |
| Airtech Japan | 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.
Vow M&A Activity
Vow acquired XXX companies to date.
Last acquisition by Vow was on XXXXXXXX, XXXXX. Vow acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vow
| 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 TrialVow Investment Activity
Vow invested in XXX companies to date.
Vow made its latest investment on XXXXXXXX, XXXXX. Vow invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vow
| 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 Vow
| When was Vow founded? | Vow was founded in 2011. |
| Where is Vow headquartered? | Vow is headquartered in Norway. |
| How many employees does Vow have? | As of today, Vow has over 220 employees. |
| Is Vow publicly listed? | Yes, Vow is a public company listed on Oslo Børs. |
| What is the stock symbol of Vow? | Vow trades under VOW ticker. |
| When did Vow go public? | Vow went public in 2014. |
| Who are competitors of Vow? | Vow main competitors are Ambipar, Haiki+, Soiltech, Concord Enviro. |
| What is the current market cap of Vow? | Vow's current market cap is $74M. |
| What is the current revenue of Vow? | Vow's last fiscal year revenue is $108M. |
| What is the current revenue growth of Vow? | Vow revenue growth (vs. last FY) is 0%. |
| What is the current EV/Revenue multiple of Vow? | Current revenue multiple of Vow is 1.1x. |
| Is Vow profitable? | No, Vow is not profitable. |
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