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

The chart illustrates cloud software EV/NTM revenue multiples from January 2015 to September 2026, comparing the overall median to the top 5 median. As of September 2026, the top 5 median reached 38.3x while the overall median stood at 4.2x.
| Label | Value shown on the chart |
|---|---|
| Top 5 Median (Sep-26) | 38.3x |
| Median (Sep-26) | 4.2x |
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