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Warehouses Estates Valuation Multiples
Discover revenue and EBITDA valuation multiples for Warehouses Estates and similar public comparables like Beta Systems Software, Norstar Holdings, WAM Research, Quercus TFI and more.
Warehouses Estates Overview
About Warehouses Estates
Warehouses Estates Belgium SA Formerly Warehouses Estates Belgium SCA is a real estate investment trust. It operates in commercial, semi-industrial and industrial tenancy. It also rents out industrial properties, shopping centers, retail warehouses, offices, and residential properties.
Founded
1985
HQ

Employees
1
Website
Sectors
Financials (LTM)
EV
$357M
Warehouses Estates Financials
Warehouses Estates reported last 12-month revenue of $30M and EBITDA of $21M.
In the same LTM period, Warehouses Estates generated $21M in EBITDA and $14M in net income.
Revenue (LTM)
Warehouses Estates P&L
In the most recent fiscal year, Warehouses Estates reported revenue of $34M and EBITDA of $24M.
Warehouses Estates expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $30M | XXX | $34M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $29M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 85% | XXX | XXX | XXX |
| EBITDA | $21M | XXX | $24M | XXX | XXX | XXX |
| EBITDA Margin | 71% | XXX | 71% | XXX | XXX | XXX |
| EBIT Margin | 72% | XXX | 69% | XXX | XXX | XXX |
| Net Profit | $14M | XXX | $18M | XXX | XXX | XXX |
| Net Margin | 48% | XXX | 52% | XXX | XXX | XXX |
| Net Debt | — | — | $183M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Warehouses Estates Stock Performance
Warehouses Estates has current market cap of $173M, and enterprise value of $357M.
Market Cap Evolution
Warehouses Estates' stock price is $49.37.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $357M | $173M | 0.0% | XXX | XXX | XXX | $5.09 |
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Start Free TrialWarehouses Estates Valuation Multiples
Warehouses Estates trades at 12.0x EV/Revenue multiple, and 16.9x EV/EBITDA.
EV / Revenue (LTM)
Warehouses Estates Financial Valuation Multiples
As of April 20, 2026, Warehouses Estates has market cap of $173M and EV of $357M.
Equity research analysts estimate Warehouses Estates' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Warehouses Estates has a P/E ratio of 12.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $173M | XXX | $173M | XXX | XXX | XXX |
| EV (current) | $357M | XXX | $357M | XXX | XXX | XXX |
| EV/Revenue | 12.0x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBITDA | 16.9x | XXX | 14.6x | XXX | XXX | XXX |
| EV/EBIT | 16.5x | XXX | 15.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 12.2x | XXX | XXX | XXX |
| P/E | 12.0x | XXX | 9.7x | XXX | XXX | XXX |
| EV/FCF | 35.2x | XXX | 14.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Warehouses Estates 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.


Warehouses Estates Margins & Growth Rates
Warehouses Estates' revenue in the last 12 month grew by 4%.
Warehouses Estates' revenue per employee in the last FY averaged $34.5M, while opex per employee averaged $5.6M for the same period.
Warehouses Estates' rule of 40 is 60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Warehouses Estates' rule of X is 44% (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).
Warehouses Estates Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | (11%) | XXX | XXX | XXX |
| EBITDA Margin | 71% | XXX | 71% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (11%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 60% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 44% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $34.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $5.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Warehouses Estates Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Warehouses Estates | XXX | XXX | XXX | XXX | XXX | XXX |
| Beta Systems Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Norstar Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| WAM Research | XXX | XXX | XXX | XXX | XXX | XXX |
| Quercus TFI | XXX | XXX | XXX | XXX | XXX | XXX |
| Ellington Credit | 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.
Warehouses Estates M&A Activity
Warehouses Estates acquired XXX companies to date.
Last acquisition by Warehouses Estates was on XXXXXXXX, XXXXX. Warehouses Estates acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Warehouses Estates
| 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 TrialWarehouses Estates Investment Activity
Warehouses Estates invested in XXX companies to date.
Warehouses Estates made its latest investment on XXXXXXXX, XXXXX. Warehouses Estates invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Warehouses Estates
| 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 Warehouses Estates
| When was Warehouses Estates founded? | Warehouses Estates was founded in 1985. |
| Where is Warehouses Estates headquartered? | Warehouses Estates is headquartered in Belgium. |
| How many employees does Warehouses Estates have? | As of today, Warehouses Estates has over 1 employees. |
| Is Warehouses Estates publicly listed? | Yes, Warehouses Estates is a public company listed on Euronext Brussels. |
| What is the stock symbol of Warehouses Estates? | Warehouses Estates trades under WEB ticker. |
| When did Warehouses Estates go public? | Warehouses Estates went public in 1998. |
| Who are competitors of Warehouses Estates? | Warehouses Estates main competitors are Beta Systems Software, Norstar Holdings, WAM Research, Quercus TFI. |
| What is the current market cap of Warehouses Estates? | Warehouses Estates' current market cap is $173M. |
| What is the current revenue of Warehouses Estates? | Warehouses Estates' last 12 months revenue is $30M. |
| What is the current revenue growth of Warehouses Estates? | Warehouses Estates revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Warehouses Estates? | Current revenue multiple of Warehouses Estates is 12.0x. |
| Is Warehouses Estates profitable? | Yes, Warehouses Estates is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Warehouses Estates? | Warehouses Estates' last 12 months EBITDA is $21M. |
| What is Warehouses Estates' EBITDA margin? | Warehouses Estates' last 12 months EBITDA margin is 71%. |
| What is the current EV/EBITDA multiple of Warehouses Estates? | Current EBITDA multiple of Warehouses Estates is 16.9x. |
| What is the current FCF of Warehouses Estates? | Warehouses Estates' last 12 months FCF is $10M. |
| What is Warehouses Estates' FCF margin? | Warehouses Estates' last 12 months FCF margin is 34%. |
| What is the current EV/FCF multiple of Warehouses Estates? | Current FCF multiple of Warehouses Estates is 35.2x. |
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