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Zalaris Valuation Multiples
Discover revenue and EBITDA valuation multiples for Zalaris and similar public comparables like ZipRecruiter, One Career, TeamLease, Copro Holdings and more.
Zalaris Overview
About Zalaris
Zalaris ASA is a company that offers outsourced personnel and payroll services. The company has two reportable segments: Managed Services and Professional Services. Managed Services include payroll and HR outsourcing services, cloud system solutions and services, and contribute to the majority of the revenue. Professional Services include change project deliveries and customer-specific functionality implementation. Zalaris operates in Norway, Northern Europe, Central Europe, the UK, Ireland, and APAC.
Founded
2000
HQ

Employees
1.1K
Website
Financials (LTM)
EV
$259M
Zalaris Financials
Zalaris reported last 12-month revenue of $162M and EBITDA of $32M.
In the same LTM period, Zalaris generated $32M in EBITDA and $9M in net income.
Revenue (LTM)
Zalaris P&L
In the most recent fiscal year, Zalaris reported revenue of $161M and EBITDA of $31M.
Zalaris expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $162M | XXX | $161M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $97M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 60% | XXX | XXX | XXX |
| EBITDA | $32M | XXX | $31M | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $9M | XXX | $6M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $24M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Zalaris Stock Performance
Zalaris has current market cap of $229M, and enterprise value of $259M.
Market Cap Evolution
Zalaris' stock price is $10.54.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $259M | $229M | 0.3% | XXX | XXX | XXX | $0.30 |
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Start Free TrialZalaris Valuation Multiples
Zalaris trades at 1.6x EV/Revenue multiple, and 8.0x EV/EBITDA.
EV / Revenue (LTM)
Zalaris Financial Valuation Multiples
As of April 18, 2026, Zalaris has market cap of $229M and EV of $259M.
Equity research analysts estimate Zalaris' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Zalaris has a P/E ratio of 26.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $229M | XXX | $229M | XXX | XXX | XXX |
| EV (current) | $259M | XXX | $259M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 8.0x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 13.3x | XXX | 10.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.7x | XXX | XXX | XXX |
| P/E | 26.7x | XXX | 35.4x | XXX | XXX | XXX |
| EV/FCF | 25.4x | XXX | 16.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Zalaris 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.


Zalaris Margins & Growth Rates
Zalaris' revenue in the last 12 month grew by 10%.
Zalaris' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Zalaris' rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Zalaris' rule of X is 41% (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).
Zalaris Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Zalaris Public Comps
See public comps and valuation multiples for other Recruitment & Staffing and BPO Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Zalaris | XXX | XXX | XXX | XXX | XXX | XXX |
| ZipRecruiter | XXX | XXX | XXX | XXX | XXX | XXX |
| One Career | XXX | XXX | XXX | XXX | XXX | XXX |
| TeamLease | XXX | XXX | XXX | XXX | XXX | XXX |
| Copro Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Conduent | 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.
Zalaris M&A Activity
Zalaris acquired XXX companies to date.
Last acquisition by Zalaris was on XXXXXXXX, XXXXX. Zalaris acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Zalaris
| 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 TrialZalaris Investment Activity
Zalaris invested in XXX companies to date.
Zalaris made its latest investment on XXXXXXXX, XXXXX. Zalaris invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Zalaris
| 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 Zalaris
| When was Zalaris founded? | Zalaris was founded in 2000. |
| Where is Zalaris headquartered? | Zalaris is headquartered in Norway. |
| How many employees does Zalaris have? | As of today, Zalaris has over 1K employees. |
| Is Zalaris publicly listed? | Yes, Zalaris is a public company listed on Oslo Børs. |
| What is the stock symbol of Zalaris? | Zalaris trades under ZAL ticker. |
| When did Zalaris go public? | Zalaris went public in 2014. |
| Who are competitors of Zalaris? | Zalaris main competitors are ZipRecruiter, One Career, TeamLease, Copro Holdings. |
| What is the current market cap of Zalaris? | Zalaris' current market cap is $229M. |
| What is the current revenue of Zalaris? | Zalaris' last 12 months revenue is $162M. |
| What is the current revenue growth of Zalaris? | Zalaris revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Zalaris? | Current revenue multiple of Zalaris is 1.6x. |
| Is Zalaris profitable? | Yes, Zalaris is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Zalaris? | Zalaris' last 12 months EBITDA is $32M. |
| What is Zalaris' EBITDA margin? | Zalaris' last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Zalaris? | Current EBITDA multiple of Zalaris is 8.0x. |
| What is the current FCF of Zalaris? | Zalaris' last 12 months FCF is $10M. |
| What is Zalaris' FCF margin? | Zalaris' last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Zalaris? | Current FCF multiple of Zalaris is 25.4x. |
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