Valuation Trading Multiples & Precedent Transactions: Employee Benefits Administration Companies
Valuation benchmarks for Employee Benefits Administration Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Employee Benefits Administration Companies Market Context & Valuation Drivers
Companies in this trading comparables group provide employer-sponsored benefits administration and payments-enabled engagement solutions. Their platforms manage health and family-building benefits, wellness programs, meal and lifestyle vouchers, and incentives, while integrating payment rails and merchant networks. They are grouped as valuation benchmarks due to recurring, contract-based revenue from employers, high retention, scale in transactions, and differentiated networks that monetize benefit spend and employee engagement.
Typical capabilities include administering HSAs, FSAs and COBRA programs with compliant claims processing; managing fertility benefits with care navigation and concierge support; operating wellness and fitness memberships and cafeteria benefits; issuing meal and gift vouchers across merchant networks; delivering incentive and rewards catalogs; and powering virtual payments and prepaid cards with mobile apps, card issuing, settlement, and analytics. Integration with HRIS/payroll systems and employer portals is common to streamline eligibility, funding, and reporting.
Primary buyers include mid-market and enterprise employers, HR and benefits managers, and benefits brokers/consultants serving corporate clients. Valuation drivers typically center on contracted revenue growth, program participation and utilization, gross margin and take-rate on payments, net revenue retention, and renewal rates. Scale in covered lives, transaction volume, and merchant acceptance also supports pricing power and operating leverage for public trading comparables in this category.
2. Valuation Analysis: Public Trading Comps & Multiples for Employee Benefits Administration Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Employee Benefits Administration Companies sector
Comparable group 1: Employee Benefits Administration Companies
Pluxee
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of employee benefits and engagement solutions, offering personalized experiences through digital-first services including meal passes, incentives, and gift vouchers for companies and public authorities in over 31 countries.
- Key Products:
- Employee Meal Passes: Vouchers for meals at restaurants and cafes
- Incentive Programs: Reward systems to motivate employees
- Gift Vouchers: Vouchers for various goods and services
- Cultural and Leisure Passes: Access to cultural events and recreational activities
- Digital Engagement Solutions: Platforms and tools to enhance employee engagement and satisfaction
Benefit Systems
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of benefits solutions that enhance employee well-being and motivation, offering services such as sports and recreation programs, cultural and entertainment benefits, and custom benefits management systems
- Key Products:
- MultiSport Program: Sports and recreation program that promotes regular physical activity among employees and their relatives
- MultiKafeteria: Benefits program allowing employees to choose from a range of products and services
- MultiBilet Cinema Program: Entertainment benefits program providing access to cultural activities such as cinema
- MyBenefit: Custom benefits management system to manage company benefits
- Absence Management System: Tool for managing employee absences