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

The line chart tracks the growth-adjusted valuation multiple (Median EV / Rev / Growth) for software companies against the 10-Year Treasury yield from 2015 to late 2023. As of late 2023, the median growth-adjusted multiple stands at 0.4x, slightly above its long-term average of 0.3x, while 10-Year Treasury yields hit 5.2%.
| Label | Value shown on the chart |
|---|---|
| Median EV / Rev / Growth | 0.4x |
| LT Average | 0.3x |
| 10 Year Treasury | 5.2% |
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