Wavestone SA
PAR:WAVE

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Wavestone SA
PAR:WAVE
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Price: 46.55 EUR 2.99% Market Closed
Market Cap: €1.2B

EV/EBITDA

8.9
Current
19%
Cheaper
vs 3-y median of 11

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.9
=
Enterprise Value
€1.2B
/
EBITDA
€130.2m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.9
=
Enterprise Value
€1.2B
/
EBITDA
€130.2m

Valuation Scenarios

Wavestone SA is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (11), the stock would be worth €57.67 (24% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-18%
Maximum Upside
+29%
Average Upside
7%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.9 €46.55
0%
3-Year Average 11 €57.67
+24%
5-Year Average 11.5 €60.07
+29%
Industry Average 8.2 €42.82
-8%
Country Average 7.3 €37.98
-18%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€1.2B
/
Oct 2025
€130.2m
=
8.9
Current
€1.2B
/
Mar 2026
€139.6m
=
8.3
Forward
€1.2B
/
Mar 2027
€156m
=
7.4
Forward
€1.2B
/
Mar 2028
€170.2m
=
6.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
FR
Wavestone SA
PAR:WAVE
1.1B EUR 8.9 14.6
US
International Business Machines Corp
NYSE:IBM
215.7B USD 16.2 20.4
JP
BrainPad Inc
TSE:3655
20.9T JPY 37.9 551.4
IE
Accenture PLC
NYSE:ACN
110.4B USD 7.7 14.4
IN
Tata Consultancy Services Ltd
NSE:TCS
9.4T INR 12.3 19.2
IN
Infosys Ltd
NSE:INFY
5.4T INR 12.3 18.8
IN
HCL Technologies Ltd
NSE:HCLTECH
4T INR 13.8 23.8
JP
Fujitsu Ltd
TSE:6702
5.8T JPY 11.2 12.3
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 9.9 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 9.9 39.1
JP
NEC Corp
TSE:6701
5.1T JPY 10.8 20.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Wavestone SA
PAR:WAVE
Average EV/EBITDA: 13.7
8.9
10%
0.9
US
International Business Machines Corp
NYSE:IBM
16.2
13%
1.2
JP
BrainPad Inc
TSE:3655
37.9
N/A N/A
IE
Accenture PLC
NYSE:ACN
7.7
7%
1.1
IN
Tata Consultancy Services Ltd
NSE:TCS
12.3
7%
1.8
IN
Infosys Ltd
NSE:INFY
12.3
8%
1.5
IN
HCL Technologies Ltd
NSE:HCLTECH
13.8
9%
1.5
JP
Fujitsu Ltd
TSE:6702
11.2
13%
0.9
JP
N
NTT Data Group Corp
DUS:NT5
9.9
12%
0.8
JP
NTT Data Corp
TSE:9613
9.9
12%
0.8
JP
NEC Corp
TSE:6701
10.8
14%
0.8

Market Distribution

In line with most companies in France
Percentile
59th
Based on 1 558 companies
59th percentile
8.9
Low
0.1 — 5.3
Typical Range
5.3 — 11.7
High
11.7 —
Distribution Statistics
France
Min 0.1
30th Percentile 5.3
Median 7.3
70th Percentile 11.7
Max 1 862.3

Wavestone SA
Glance View

Market Cap
1.2B EUR
Industry
Technology

Wavestone SA, a prominent player in the global consulting arena, has carved a niche by skillfully navigating the intersection of business and technology. Founded in France, the company thrives on its ability to guide organizations through transformative journeys, particularly in today's rapidly digitizing world. At the heart of Wavestone's operations is a comprehensive approach that covers a broad spectrum of services including IT strategy, cybersecurity, and operations management. Their consultants, often considered thought leaders, are adept at evaluating client needs, crafting tailored strategies, and implementing solutions that drive efficiency and innovation. This full-spectrum service model not only fortifies Wavestone's position in the consulting sector but also fuels its growth, appealing to a diverse clientele ranging from multinational corporations to government bodies. Financially, Wavestone generates revenue through a dynamic client engagement process. Essentially, companies enlist Wavestone's expertise on a project basis or through ongoing advisory agreements, creating a steady pipeline of income. Their business model is rooted in delivering measurable value which is achieved by meticulously assessing performance metrics and outcomes. This results-oriented approach ensures that clients perceive tangible benefits from their investment in Wavestone's services. Moreover, the company's adaptability to changes and trends in technology and business environments bolsters its ability to capture and sustain market share. By continuously evolving its service offerings to meet emerging demands, Wavestone not only maintains long-term relationships with its clients but also unlocks new opportunities for expansion and profitability.

WAVE Intrinsic Value
62.08 EUR
Undervaluation 25%
Intrinsic Value
Price €46.55
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