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Public Comps and Valuation Multiples for Industry 4.0

Benchmark revenue and EBITDA valuation multiples for public comps like
Tesla, ABB, Amphenol, Honeywell and Cadence Design Systems.

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Industry 4.0

Viewing 50 of 367 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Tesla	$1.6T	$1.5T	$98B	15.6x	105.2x
ABB	$194B	$197B	$35B	5.6x	26.5x
Amphenol	$180B	$194B	$27B	7.1x	22.6x
Honeywell	$150B	$174B	$38B	4.6x	18.7x
Cadence Design Systems	$114B	$116B	$6B	20.4x	43.1x
Johnson Controls	$82B	$91B	$25B	3.7x	20.6x
Bloom Energy	$78B	$78B	$3B	28.8x	168.0x
Lumentum	$70B	$71B	$3B	24.4x	73.4x
Rheinmetall	$70B	$70B	$14B	5.1x	22.5x
L3Harris	$58B	$68B	$23B	3.0x	17.0x
Thales	$57B	$59B	$26B	2.2x	14.6x
Carrier Global	$54B	$65B	$22B	3.0x	17.4x
Autodesk	$52B	$52B	$8B	6.9x	17.3x
Vistra	$52B	$74B	$20B	3.7x	11.4x
Rockwell Automation	$51B	$54B	$9B	6.2x	28.0x
TDK	$49B	$46B	$16B	2.9x	15.3x
HD Hyundai Heavy Industries	$48B	$45B	$14B	3.3x	21.1x
Fanuc	$47B	$43B	$5B	7.8x	28.3x
Constellation Software	$45B	$48B	$13B	3.8x	13.5x
Axon Enterprise	$38B	$40B	$3B	12.6x	49.1x
Schindler Group	$35B	$30B	$14B	2.1x	13.4x
Chroma ATE	$35B	$35B	$1B	28.9x	72.7x
Saab	$33B	$33B	$9B	3.5x	24.8x
First Solar	$33B	$31B	$5B	5.9x	12.4x
Bharat Electronics	$31B	$30B	$3B	10.4x	35.5x
Kongsberg	$31B	$29B	$5B	5.4x	30.1x
Dassault Systemes	$29B	$26B	$7B	3.5x	10.2x
Teledyne	$28B	$30B	$6B	4.8x	19.6x
Curtiss-Wright	$27B	$27B	$4B	7.6x	34.2x
Hexagon	$25B	$26B	$6B	4.6x	12.3x
Nextpower	$22B	$22B	$4B	5.9x	24.9x
MKS	$21B	$25B	$4B	5.9x	23.0x
Knorr-Bremse	$19B	$21B	$9B	2.3x	13.1x
Snap-on	$19B	$19B	$5B	3.8x	12.8x
Fortive	$18B	$21B	$4B	5.0x	16.6x
Huaqin Technology	$18B	$19B	$27B	0.7x	20.0x
Lennox	$17B	$19B	$5B	3.6x	16.0x
BWX Technologies	$17B	$19B	$3B	5.5x	30.7x
PTC	$17B	$18B	$3B	6.5x	13.4x
XPENG	$17B	$19B	$12B	1.5x	(2034.6x)
ABB India	$16B	$15B	$1B	10.4x	67.0x
Pidilite	$16B	$15B	$2B	9.6x	40.1x
LONGi	$15B	$13B	$10B	1.3x	26.1x
Aptiv	$15B	$21B	$18B	1.2x	7.2x
Fuji Electric Co.	$14B	$14B	$8B	1.9x	11.7x
Goertek	$14B	$14B	$15B	0.9x	13.8x
POSCO Future	$14B	$16B	$2B	7.5x	85.7x
Leonardo DRS	$13B	$13B	$4B	3.4x	26.4x
Belimo	$13B	$13B	$2B	8.3x	34.1x
Hanwha Systems	$13B	$14B	$3B	5.1x	50.2x
Kratos Defense & Security	$12B		$2B
Hensoldt	$12B		$3B
Joby Aviation	$12B		$79M
Huntington Ingalls Industries	$12B		$13B
SPX Technologies	$11B		$2B
Bentley Systems	$11B		$2B
AeroVironment	$10B		$2B
Rainbow Robotics	$10B		$30M
Maxwell Technologies	$10B		$1B
Owens-Corning	$10B		$10B
Next Vision Stabilized	$10B		$230M
Mobileye	$9B		$2B
Jinko Solar	$9B		$10B
Enphase Energy	$8B		$1B
Procore	$8B		$1B
Raytron	$8B		$1B
Guide Infrared	$8B		$827M
NIBE Industrier	$8B		$5B
Wuhan Jingce	$8B		$555M
Far East Smarter Energy	$8B		$4B
OMRON	$7B		$5B
ESCO Technologies	$7B		$1B
Sensata Technologies	$7B		$4B
Baosight	$7B		$2B
Horiba	$7B		$2B
CSI Solar	$7B		$6B
JBT Corporation	$7B		$4B
Mercury Systems	$7B		$956M
Symbotic	$6B		$3B
MISUMI Group	$6B		$3B
Topicus	$6B		$2B
Doosan Robotics	$6B		$31M
QuantumScape	$6B		-
Plug Power	$5B		$753M
Hamamatsu Photonics	$5B		$1B
Trina Solar	$5B		$11B
Archer Aviation	$5B		$5M
GoodWe Technologies	$5B		$2B
Gentex	$5B		$3B
EquipmentShare.com	$5B		$5B
Xometry	$5B		$766M
Premier Energies	$5B		$917M
INFICON	$5B		$703M
HYC Technology Co.	$5B		-
Valmet	$5B		$6B
Addsino Co.	$5B		-
Bharat Dynamics	$5B		$290M
SolarEdge	$5B		$1B
Fuji	$5B		$1B
CSSC Offshore & Marine	$4B		$3B
ThunderSoft	$4B		$1B
Ninebot	$4B		$3B
Grenergy Renovables	$4B		$1B
nLight	$4B		$280M
AIKO Solar	$4B		$3B
Anritsu	$4B		$754M
Itron	$4B		$2B
Kadant	$4B		$1B
Sunrun	$4B		$3B
Avic Aviation High-Tech	$4B		$696M
Solaria Energia	$4B		$390M
DHC Software	$4B		-
Badger Meter	$4B		$915M
Comet Holding	$4B		$633M
OSI Systems	$4B		$2B
QinetiQ	$3B		$3B
All Ring Tech	$3B		$209M
TGS	$3B		$2B
Raycus Laser	$3B		$537M
Colt CZ Group	$3B		$1B
Xinyi Solar	$3B		$3B
Hesai Technology	$3B		$526M
Test Research	$3B		-
Shaanxi Huaqin Technology	$3B		$210M
CCC Intelligent Solutions	$3B		$1B
Autel Intelligent Tech	$3B		$781M
Jungheinrich	$3B		$6B
Greencoat UK Wind	$3B		$247M
Ouster	$3B		$191M
Theon	$3B		$595M
Exail Technologies	$3B		$602M
Longcheer	$3B		$6B
Anhui XDLK Microsystem	$3B		$89M
SMA Solar Technology	$3B		$2B
DBG Technology Co	$3B		-
V2X	$3B		$5B
Beijing Dahao Technology	$3B		-
Glodon Co	$2B		$903M
Beijing Aerospace	$2B		-
Vaisala	$2B		$717M
Data Patterns (India)	$2B		$101M
KPIT Technologies	$2B		$693M
Jeol	$2B		$1B
Mirgor	$2B		-
Shoals	$2B		$537M
Longshine Technology	$2B		$710M
Triangle Defense Co.	$2B		-
EverCommerce	$2B		$603M
Voltronic Power	$2B		$652M
Harbin Boshi Automation	$2B		$428M
Santec Holdings	$2B		$198M
CTS Corp.	$2B		$554M
Landis+Gyr	$2B		$1B
Proto Labs	$2B		$550M
Hoymiles Power	$2B		$376M
Aeva	$2B		$24M
Ygsoft	$2B		$395M
Duerr	$2B		$5B
Vishay Precision Group	$2B		$325M
Electro Optic Systems	$2B		$129M
Sensirion	$2B		$442M
Jiangxi Guoke Defence Group	$2B		$226M
Zen Technologies	$2B		$83M
Apollo Micro Systems	$2B		$103M
Imdex	$2B		$362M
GuoChuang Software	$2B		-
Beijing Beimo High Tech	$1B		$145M
Neusoft	$1B		$2B
Heckler & Koch	$1B		-
Zwsoft	$1B		$139M
Chengdu RML Technology	$1B		-
Kodiak AI	$1B		$6M
Array Technologies	$1B		$1B
Astra Microwave Prods	$1B		$126M
Cadre Holdings	$1B		$663M
Park Systems	$1B		$151M
Canadian Solar	$1B		$6B
Shaanxi Zhongtian Rocket	$1B		-
Austal	$1B		$2B
Eve Air Mobility	$1B		-
JinkoSolar	$1B		$10B
Hangzhou Sunrise Tech	$1B		$255M
FuelCell Energy	$1B		$161M
Gibraltar Industries	$1B		$1B
Vitec Software	$1B		$413M
Arcs Co	$1B		$4B
Kopin	$1B		$47M
Jiangxi Xinyu Guoke Tech	$983M		-
Optex Group Co	$979M		$433M
Limbach Holdings	$976M		$687M
Qiming Information	$954M		-
Mildef Group	$948M		$265M
Stratasys	$928M		$558M
Presto Appliances	$916M		-
Qt Group	$877M		$263M
Cohort	$852M		$409M
Breton Technology	$821M		$113M
PSI Software	$818M		$345M
FMS Enterprises Migun	$801M		-
Robostar	$791M		-
RPMGlobal	$780M		$64M
Solid Power	$767M		$13M
Yuil Robotics	$748M		-
Ehang	$746M		$81M
Clobot	$746M		-
Hansen Technologies	$697M		$286M
Richtech Robotics	$693M		$5M
People & Technology	$690M		$554M
Avon Technologies	$687M		$332M
LEM Holding	$674M		$368M
Smith & Wesson	$673M		$502M
West Holdings	$647M		$352M
Velo3D	$639M		$54M
LPKF Laser & Electronics	$631M		$130M
Asahi Kogyosha Co	$628M		$661M
ZUKEN	$626M		$273M
Ruger	$621M		$550M
TOKYO KEIKI	$597M		$397M
Phoenix Bicycle	$577M		-
Cerence	$576M		$295M
Shenzhen Jasic Technology	$554M		-
3D Systems	$547M		$388M
Zhejiang Netsun	$544M		-
Broadleaf	$517M		$129M
Aspen Aerogels	$515M		$240M
Chrysos Corp.	$512M		$62M
Zaptec	$498M		$178M
Lubawa	$497M		-
Quadient	$482M		$1B
Smart Gunes Enerjisi Tek	$476M		-
Homag Group	$461M		-
Stemmer Imaging	$458M		-
ECARX Group	$453M		$962M
Arad	$441M		-
Perfect Group Corp	$422M		$240M
Alfa Solar	$419M		-
Judges Scientific	$394M		$183M
Canatu	$379M		$23M
Gerard Perrier Industrie	$379M		$364M
Altınay Savunma	$371M		-
Nano Dimension	$357M		-
Orbit Technologies	$349M		-
Vertical Aerospace	$344M		-
EVgo	$343M		$404M
Aurotek	$340M		-
Kernex Microsystems	$325M		-
Hanyang Eng	$323M		-
SmartCraft	$313M		$61M
i-SENS	$311M		$216M
Seeing Machines	$307M		$84M
Energy One	$291M		$50M
Tigo Energy	$290M		$115M
Vrain Solution	$279M		$23M
Sensortek	$271M		-
Butler National	$259M		-
Systems Engineering	$259M		$71M
Datalogic	$248M		$591M
Outdoor Holding	$246M		$50M
Polaris Holdings	$241M		$313M
AFC Energy	$234M		$2M
Immersion	$222M		-
Computer Modelling Group	$219M		$92M
Etteplan	$215M		$425M
Circus	$213M		$25M
Entech	$204M		$116M
Honghua Group	$202M		-
Microvision	$200M		$1M
NSE Groupe	$190M		$140M
Gefran	$188M		$164M
Primoco UAV	$181M		$29M
Innoviz	$180M		$61M
NX Filtration	$177M		$19M
Zumtobel	$176M		$1B
Scanway	$167M		-
MotorK	$162M		$52M
Arbe Robotics	$154M		$2M
Promate Solutions	$154M		-
VIGO Photonics	$149M		-
Tecnotree	$149M		-
Coda Octopus Group	$149M		$29M
Carlo Gavazzi Holding	$145M		$176M
Tracsis	$142M		$112M
Byrna	$140M		$117M
iMotion Automotive Tech	$139M		$145M
Safe Pro Group	$128M		$3M
Arq	$120M		$122M
Infinitt Healthcare	$117M		-
Prevas	$111M		$182M
MIC Electronics	$109M		-
NeoVolta	$109M		$16M
Firefly	$107M		-
Redwood AI	$102M		-
SoundThinking	$102M		$106M
NextNRG	$101M		$92M
AEye	$95M		$2M
Stem	$91M		$156M
Optex Systems	$82M		-
BIMobject	$80M		-
Interlink Electronics	$79M		$12M
Razor Labs	$77M		-
Planoptik	$76M		-
Wrap Technologies	$75M		-
Oxford Metrics	$72M		$64M
CBAK	$70M		$259M
Viscom	$67M		$95M
Kwangmu	$67M		-
SpiderPlus	$65M		$32M
ABO Energy	$64M		-
Argo	$63M		-
AML3D	$60M		$10M
MIND Technology	$59M		$40M
Sonel	$57M		-
Aplisens	$57M		-
Enechange	$55M		$42M
XCHG	$55M		$29M
Spruce Power	$53M		$112M
Wallbox	$52M		$181M
Danlaw Technologies	$50M		-
Tamtron Group	$49M		$66M
Minehub Technologies	$42M		-
Terranet	$40M		-
Luna Innovations	$40M		-
Maps	$38M		$39M
VirTra	$38M		$21M
Sanko Co	$37M		$94M
Hancom Lifecare	$37M		$75M
Softing	$36M		$101M
Capsol Technologies	$35M		$8M
EiDF SOLAR	$34M		-
learnd	$33M		-
Trident Techlabs	$33M		-
Holaluz	$32M		-
Tonner Drones	$28M		-
Neonode	$28M		$2M
Electro-Sensors	$27M		-
Freemelt Holding	$27M		$6M
Arcure	$21M		$16M
MIND C.T.I.	$20M		-
Greater Than	$18M		-
Surgepays	$15M		$63M
SolidWorld Group	$15M		-
Felix.net	$14M		$5M
Urgently	$12M		$140M
i2S Corp	$12M		-
Semilux International	$12M		-
Olenox Industries	$12M		-
MultiSensor AI	$11M		$8M
Fingerprint Cards	$11M		$10M
Aker Carbon Capture	$9M		-
Acceleware	$9M		-
NanoFocus	$8M		-
NightFood Holdings	$7M		-
Steakholder Foods	$7M		-
CollPlant	$6M		-
Canoo	$5M		-
BigRep	$4M		-
Zortrax	$4M		-
SOBRsafe	$3M		-
Bee Smart Technologies	$3M		-
Andiamo	$3M		-
Castrico	$2M		-
Sanwire	$1M		-
SavorEat	$1M		-
Exela Technologies	$122K		-
Infomedia	-		$95M
Chijet Motors	-		-
Quorum Info Tech	-		-