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ZKH Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for ZKH Group and similar public comparables like MediaAlpha, Wish, Groupon, Fiverr and more.
ZKH Group Overview
About ZKH Group
ZKH Group Ltd engages in providing MRO procurement service platform in China. It provides one-stop MRO procurement and management services for its customers, and offers digital and fulfillment solutions for participants along the industry value chain. It offers a broad range of MRO product offerings covering all MRO product lines on its platform, including spare parts, chemicals, manufacturing parts, general consumables, and office supplies. All of the Group’s revenues are derived from the PRC.
Founded
2021
HQ
Employees
3.3K
Website
Financials (LTM)
EV
$277M
ZKH Group Financials
ZKH Group reported last 12-month revenue of $1B and negative EBITDA of ($12M).
In the same LTM period, ZKH Group generated $226M in gross profit, ($12M) in EBITDA losses, and had net loss of ($13M).
Revenue (LTM)
ZKH Group P&L
In the most recent fiscal year, ZKH Group reported revenue of $1B and EBITDA of ($28M).
ZKH Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $226M | XXX | $221M | XXX | XXX | XXX |
| Gross Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBITDA | ($12M) | XXX | ($28M) | XXX | XXX | XXX |
| EBITDA Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
| EBIT Margin | (2%) | XXX | (4%) | XXX | XXX | XXX |
| Net Profit | ($13M) | XXX | ($39M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (3%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ZKH Group Stock Performance
ZKH Group has current market cap of $486M, and enterprise value of $277M.
Market Cap Evolution
ZKH Group's stock price is $3.06.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $277M | $486M | 0.0% | XXX | XXX | XXX | $-0.25 |
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Start Free TrialZKH Group Valuation Multiples
ZKH Group trades at 0.2x EV/Revenue multiple, and (22.8x) EV/EBITDA.
EV / Revenue (LTM)
ZKH Group Financial Valuation Multiples
As of April 19, 2026, ZKH Group has market cap of $486M and EV of $277M.
Equity research analysts estimate ZKH Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ZKH Group has a P/E ratio of (37.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $486M | XXX | $486M | XXX | XXX | XXX |
| EV (current) | $277M | XXX | $277M | XXX | XXX | XXX |
| EV/Revenue | 0.2x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | (22.8x) | XXX | (9.8x) | XXX | XXX | XXX |
| EV/EBIT | (12.0x) | XXX | (5.6x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| P/E | (37.0x) | XXX | (12.4x) | XXX | XXX | XXX |
| EV/FCF | 203.8x | XXX | 12.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ZKH Group Valuation Multiples
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ZKH Group Margins & Growth Rates
ZKH Group's revenue in the last 12 month grew by 9%.
ZKH Group's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
ZKH Group's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ZKH Group's rule of X is 23% (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).
ZKH Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Growth | (196%) | XXX | (29%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 23% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ZKH Group Public Comps
See public comps and valuation multiples for other B2B E-commerce and B2B Marketplaces comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ZKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| MediaAlpha | XXX | XXX | XXX | XXX | XXX | XXX |
| Wish | XXX | XXX | XXX | XXX | XXX | XXX |
| Groupon | XXX | XXX | XXX | XXX | XXX | XXX |
| Fiverr | XXX | XXX | XXX | XXX | XXX | XXX |
| Fanli Digital Technology | 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.
ZKH Group M&A Activity
ZKH Group acquired XXX companies to date.
Last acquisition by ZKH Group was on XXXXXXXX, XXXXX. ZKH Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ZKH Group
| 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 TrialZKH Group Investment Activity
ZKH Group invested in XXX companies to date.
ZKH Group made its latest investment on XXXXXXXX, XXXXX. ZKH Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ZKH Group
| 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 ZKH Group
| When was ZKH Group founded? | ZKH Group was founded in 2021. |
| Where is ZKH Group headquartered? | ZKH Group is headquartered in China. |
| How many employees does ZKH Group have? | As of today, ZKH Group has over 3K employees. |
| Who is the CEO of ZKH Group? | ZKH Group's CEO is Long Chen. |
| Is ZKH Group publicly listed? | Yes, ZKH Group is a public company listed on NYSE. |
| What is the stock symbol of ZKH Group? | ZKH Group trades under ZKH ticker. |
| When did ZKH Group go public? | ZKH Group went public in 2023. |
| Who are competitors of ZKH Group? | ZKH Group main competitors are MediaAlpha, Wish, Groupon, Fiverr. |
| What is the current market cap of ZKH Group? | ZKH Group's current market cap is $486M. |
| What is the current revenue of ZKH Group? | ZKH Group's last 12 months revenue is $1B. |
| What is the current revenue growth of ZKH Group? | ZKH Group revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of ZKH Group? | Current revenue multiple of ZKH Group is 0.2x. |
| Is ZKH Group profitable? | No, ZKH Group is not profitable. |
| What is the current EBITDA of ZKH Group? | ZKH Group has negative EBITDA and is not profitable. |
| What is ZKH Group's EBITDA margin? | ZKH Group's last 12 months EBITDA margin is (1%). |
| What is the current EV/EBITDA multiple of ZKH Group? | Current EBITDA multiple of ZKH Group is (22.8x). |
| What is the current FCF of ZKH Group? | ZKH Group's last 12 months FCF is $1M. |
| What is ZKH Group's FCF margin? | ZKH Group's last 12 months FCF margin is 0%. |
| What is the current EV/FCF multiple of ZKH Group? | Current FCF multiple of ZKH Group is 203.8x. |
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