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Wavestone Valuation Multiples

Discover Wavestone's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Kainos Group, Chinasoft International, Taiji Computer, Beijing Topnew Info and more.

Wavestone Overview

About Wavestone

Wavestone SA is a management and Information Technology consulting firm. The company serves Services, Consumer goods and distribution, Energy and Utilities, Manufacturing, Public sector and International Institutions, and the Transport and Travel sector. Its technologies include IT and Data architecture, Cybersecurity and digital trust, and others. It provides services such as financial risks and purchases, management and financing of innovation, supply chain, and others. Geographically, it generates the majority of its revenue from France.


Founded

1990

HQ

France

Employees

6.1K

Financials (LTM)

Revenue: $1B
EBITDA: $156M

EV

$1B

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Wavestone Financials

Wavestone reported last 12-month revenue of $1B and EBITDA of $156M.

In the same LTM period, Wavestone generated $156M in EBITDA and $94M in net income.

Revenue (LTM)


Wavestone P&L

In the most recent fiscal year, Wavestone reported revenue of $1B and EBITDA of $150M.

Wavestone is profitable as of last fiscal year, with gross margin of 22%, EBITDA margin of 14%, and net margin of 8%.

See analyst estimates for Wavestone
LTMLast FY202320242025202620272028
Revenue$1B$1B$767M$1B$1B
Gross Profit-$237M$308M$257M$237M
Gross Margin-22%40%25%21%
EBITDA$156M$150M$108M$140M$153M
EBITDA Margin14%14%14%14%14%
EBIT Margin13%12%14%12%12%
Net Profit$94M$88M$65M$83M$91M
Net Margin8%8%9%8%8%

Financial data powered by Morningstar, Inc.

Wavestone Stock Performance

Wavestone has current market cap of $1B, and enterprise value of $1B.

Market Cap Evolution


Wavestone's stock price is $55.22.

Wavestone share price decreased by 0.1% in the last 30 days, and by 19.2% in the last year.

Wavestone has an EPS (earnings per share) of $3.58.

See more trading valuation data for Wavestone
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$1B$1B-0.1%-0.1%1.9%-19.2%$3.58

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Wavestone Valuation Multiples

Wavestone trades at 1.2x EV/Revenue multiple, and 8.7x EV/EBITDA.

See NTM and 2027E valuation multiples for Wavestone

EV / Revenue (LTM)


Wavestone Financial Valuation Multiples

As of June 2, 2026, Wavestone has market cap of $1B and EV of $1B.

Wavestone has a P/E ratio of 14.4x.

LTMLast FY202320242025202620272028
EV/Revenue1.2x1.2x1.8x1.3x1.2x
EV/EBITDA8.7x9.1x12.7x9.8x8.9x
EV/EBIT9.7x10.1x12.8x11.1x10.1x
EV/Gross Profit-5.8x4.4x5.3x5.8x
P/E14.4x15.4x20.7x16.3x14.8x
EV/FCF13.4x13.9x16.9x14.1x13.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Wavestone 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.

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Wavestone Margins & Growth Rates

Wavestone grew revenue by 1% and EBITDA by 3% in the last fiscal year.

In the most recent fiscal year, Wavestone reported gross margin of 22%, EBITDA margin of 14%, and net margin of 8%.

See estimated margins and future growth rates for Wavestone

Wavestone Margins

Last FY202420252026202720282029
Gross Margin22%25%21%-
EBITDA Margin14%14%14%14%
EBIT Margin12%12%12%13%
Net Margin8%8%8%9%
FCF Margin9%9%9%9%

Wavestone Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth1%34%8%2%
Gross Profit Growth-(16%)(8%)-
EBITDA Growth3%30%9%6%
EBIT Growth2%16%10%9%
Net Profit Growth5%27%10%9%
FCF Growth4%20%4%(0%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Wavestone Operational KPIs

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

Wavestone's Rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Wavestone's Rule of X is 20% (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).

Access forward-looking KPIs for Wavestone
LTMLast FY202320242025202620272028
Rule of 4017%17%---
Bessemer Rule of X21%20%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.0M---
G&A Expenses to Revenue-2%-2%2%
Opex to Revenue-10%26%13%10%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Wavestone Competitors

Wavestone competitors include Kainos Group, Chinasoft International, Taiji Computer, Beijing Topnew Info, Systex, NSD Co, Sify Technologies, Norbit, Neusoft and Al Moammar Information.

Most Wavestone public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Kainos Group2.5x2.1x16.9x13.5x
Chinasoft International0.6x0.6x11.7x10.8x
Taiji Computer1.5x1.5x(30.2x)(187.5x)
Beijing Topnew Info31.9x-(363.0x)-
Systex0.7x-9.3x-
NSD Co1.5x1.3x8.3x-
Sify Technologies3.9x2.3x19.0x9.9x
Norbit4.7x4.3x15.7x15.2x

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Acquisitions by Wavestone

Wavestone has acquired 12 companies to date.

Last acquisition by Wavestone was on January 16th 2024. Wavestone acquired Aspirant for $24M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Wavestone

Aspirant
Q_PERIOR
Coeus Consulting
PEN Partnership
Description
Aspirant is a New York-headquartered wealth management firm advising high-net-worth athletes and executives. The company manages $5 billion in assets through personalized financial planning, tax strategies, and investment portfolios. It operates in 12 US cities with dedicated sports finance teams.
Q_PERIOR is a Munich-based international consulting firm at the business-IT interface. It draws on three decades of experience from predecessor companies agens Consulting, ESPRiT Consulting, and paricon. Services emphasize dynamic, proactive, and personal approaches to client projects. The firm maintains green initiatives including electric scooters for employee mobility.
Coeus Consulting is a technology advisory firm delivering digital transformation services including strategy development, IT sourcing, enterprise architecture, and organizational change management. Singapore-headquartered, the company serves enterprises across Asia Pacific with tailored solutions for cloud migration, cybersecurity frameworks, and agile methodologies. Coeus Consulting partners with global technology providers like Microsoft and AWS to implement scalable infrastructures for financial institutions and manufacturing sectors.
PEN Partnership is a UK-based management consultancy specializing in customer experience, operational excellence, and change delivery. Established in 2012, it advises clients in financial services, pharmaceuticals, retail, and consumer goods. PEN deploys sector experts for projects enhancing service design and process optimization across Europe.
HQ CountryUnited StatesGermanyUnited KingdomUnited Kingdom
HQ City
Pittsburgh, PA
Munich
London
London
Deal Date16 Jan 202426 Jul 202315 Sep 20224 Aug 2022
Valuation$24M$356M$22M$38M
EV/Revenue
EV/EBITDA

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About Wavestone

When was Wavestone founded?Wavestone was founded in 1990.
Where is Wavestone headquartered?Wavestone is headquartered in France.
How many employees does Wavestone have?As of today, Wavestone has over 6K employees.
Who is the CEO of Wavestone?Wavestone's CEO is Pascal Imbert.
Is Wavestone publicly listed?Yes, Wavestone is a public company listed on Euronext Paris.
What is the stock symbol of Wavestone?Wavestone trades under WAVE ticker.
When did Wavestone go public?Wavestone went public in 2000.
Who are competitors of Wavestone?Wavestone main competitors include Kainos Group, Chinasoft International, Taiji Computer, Beijing Topnew Info, Systex, NSD Co, Sify Technologies, Norbit, Neusoft, Al Moammar Information.
What is the current market cap of Wavestone?Wavestone's current market cap is $1B.
What is the current revenue of Wavestone?Wavestone's last 12 months revenue is $1B.
What is the current revenue growth of Wavestone?Wavestone revenue growth (NTM/LTM) is 3%.
What is the current EV/Revenue multiple of Wavestone?Current revenue multiple of Wavestone is 1.2x.
What is the current EBITDA of Wavestone?Wavestone's last 12 months EBITDA is $156M.
What is Wavestone's EBITDA margin?Wavestone's last 12 months EBITDA margin is 14%.
What is the current EV/EBITDA multiple of Wavestone?Current EBITDA multiple of Wavestone is 8.7x.
What is the current FCF of Wavestone?Wavestone's last 12 months FCF is $102M.
What is Wavestone's FCF margin?Wavestone's last 12 months FCF margin is 9%.
What is the current EV/FCF multiple of Wavestone?Current FCF multiple of Wavestone is 13.4x.
How many companies Wavestone has acquired to date?As of June 2026, Wavestone has acquired 12 companies.
What was the largest acquisition by Wavestone?$356M acquisition of Q_PERIOR on 26th July 2023 was the largest M&A Wavestone has done to date.
What companies Wavestone acquired?Wavestone acquired Q_PERIOR, PEN Partnership, Aspirant, Coeus Consulting, Xceed Group, Metis Consulting, Hudson & Yorke Ltd, New Vantage Partners, Hapsis SA, Audisoft Consultants, and 2 other companies.
In how many companies Wavestone has invested to date?Wavestone hasn't invested in any companies yet (or none have been disclosed publicly).

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