Charts / Clouded Judgement (Altimeter)
EV / NTM Revenue Multiples

This chart tracks the median enterprise value to next-twelve-months revenue multiple for cloud software companies alongside the 10-year Treasury yield from 2015 to 2023. The median EV/NTM revenue multiple compressed to 5.0x while the 10-year Treasury yield rose to 4.9%.
| Label | Value shown on the chart |
|---|---|
| Median | 5.0x |
| LT Pre Covid Average | 7.8x |
| 10 Year Treasury | 4.9% |
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