Investor Shelf

Charts / Clouded Judgement (Altimeter)

Median EV / NTM Revenue / NTM Growth Multiples

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

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%.

LabelValue shown on the chart
Median EV / Rev / Growth0.4x
LT Average0.3x
10 Year Treasury5.2%

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)