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EV / NTM Revenue Multiples

EV / NTM Revenue Multiples
Chart by Clouded Judgement (Altimeter). Source: cloudedjudgement.substack.com

This line chart tracks cloud software Enterprise Value to Next Twelve Months (EV/NTM) revenue multiples from January 2015 to September 2026, comparing overall median multiples with the top 5 median multiples. At the end of the period, the top 5 median reached 39.7x while the overall median stood at 4.2x.

LabelValue shown on the chart
Top 5 Median39.7x
Median4.2x

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