Shearwater Group PLC
LSE:SWG

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Shearwater Group PLC
LSE:SWG
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Price: 38 GBX Market Closed
Market Cap: £9.1m

EV/EBIT

-0.5
Current
57%
Cheaper
vs 3-y average of -1.2

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

EV/EBIT
-0.5
=
Enterprise Value
GBX7.1m
/
EBIT
£-12.8m

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

EV/EBIT
-0.5
=
Enterprise Value
GBX7.1m
/
EBIT
£-12.8m

Valuation Scenarios

Shearwater Group PLC is trading above its industry average

If EV/EBIT returns to its Industry Average (0), the stock would be worth GBX-1.93 (105% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-105%
Maximum Upside
No Upside Scenarios
Average Downside
105%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple -0.5 GBX38
0%
Industry Average 0 GBX-1.93
-105%
Country Average 0 GBX-2.08
-105%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
GBX7.1m
/
Jan 2026
£-12.8m
=
-0.5
Current
GBX7.1m
/
Jun 2026
£1m
=
6.9
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
UK
Shearwater Group PLC
LSE:SWG
9.1m GBP -0.5 -0.8
US
Microsoft Corp
NASDAQ:MSFT
3.2T USD 22.1 26.5
US
Oracle Corp
NYSE:ORCL
498.2B USD 28.6 30.8
US
Palo Alto Networks Inc
NASDAQ:PANW
145.7B USD 100.2 97.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
113.5B USD -438.8 -698.7
US
ServiceNow Inc
NYSE:NOW
93.4B USD 47.8 53.2
US
VMware Inc
XETRA:BZF1
58B EUR 37.2 47.9
US
Fortinet Inc
NASDAQ:FTNT
62.7B USD 28.7 33.8
CN
Knowledge Atlas Technology JSC Ltd
HKEX:2513
452.6B HKD -103.3 -83.9
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 274.8 491.7
CN
MiniMax Group Inc
HKEX:100
262.2B HKD -19.3 -17.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
Shearwater Group PLC
LSE:SWG
Average EV/EBIT: 77.1
Negative Multiple: -0.5
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
22.1
18%
1.2
US
Oracle Corp
NYSE:ORCL
28.6
38%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
100.2
57%
1.8
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -438.8 N/A N/A
US
ServiceNow Inc
NYSE:NOW
47.8
61%
0.8
US
V
VMware Inc
XETRA:BZF1
37.2
30%
1.2
US
Fortinet Inc
NASDAQ:FTNT
28.7
16%
1.8
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -103.3 N/A N/A
US
Xperi Holding Corp
LSE:0M2A
274.8
N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -19.3 N/A N/A
P/E Multiple
Earnings Growth PEG
UK
Shearwater Group PLC
LSE:SWG
Average P/E: 111.7
Negative Multiple: -0.8
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
26.5
18%
1.5
US
Oracle Corp
NYSE:ORCL
30.8
37%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
97.9
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -698.7 N/A N/A
US
ServiceNow Inc
NYSE:NOW
53.2
54%
1
US
V
VMware Inc
XETRA:BZF1
47.9
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
33.8
15%
2.3
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -83.9 N/A N/A
US
Xperi Holding Corp
LSE:0M2A
491.7
N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -17.9 N/A N/A

Market Distribution

Lower than 100% of companies in United Kingdom
Percentile
0th
Based on 1 864 companies
0th percentile
-0.5
Low
0 — 0
Typical Range
0 — 0.1
High
0.1 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0.1
Max 1 015

Shearwater Group PLC
Glance View

Market Cap
9.1m GBX
Industry
Technology

Shearwater Group Plc provides digital resilience solutions and services. The firm operates through two segments: software and services. The Software segment designs and builds software to enable its clients to secure their corporate environments and helps make them compliant with applicable regulations. The Services segment is focused on delivering the Company’s managed security and cyber solutions, testing, advisory and consultancy offerings, as well as its strategic third-party partners’ technical solutions. The firm provides services to its clients in approximately 46 countries globally. Its wholly owned subsidiaries include Shearwater Subco Limited, SecurEnvoy Limited, GeoLang Holdings Limited, Brookcourt Solutions Limited, Pentest Limited and Primavera (Jersey) Limited.

SWG Intrinsic Value
60.44 GBX
Undervaluation 37%
Intrinsic Value
Price GBX38
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