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

This chart tracks the median EV / NTM revenue multiple for cloud software companies alongside the 10-Year Treasury yield from 2015 to 2023. The median multiple stands at 4.8x (below the long-term pre-COVID average of 7.8x), while the 10-Year Treasury yield reached 5.0%.
| Label | Value shown on the chart |
|---|---|
| LT Pre Covid Average | 7.8x |
| Median EV / NTM Revenue Multiple | 4.8x |
| 10 Year Treasury Yield | 5.0% |
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