Investor Shelf

Charts / Clouded Judgement (Altimeter)

EV / NTM Revenue Multiples

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

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.

LabelValue shown on the chart
Top 5 Median (Sep-26)38.3x
Median (Sep-26)4.2x

Shown as a preview with credit and a link to the original. Publishers can request removal.

View the original on cloudedjudgement.substack.com

More charts from Clouded Judgement (Altimeter)