WhetherSaaS Multiples

Public SaaS valuation multiples

Median enterprise value to revenue multiples for a basket of 15 public SaaS companies, read from Yahoo Finance.

Yahoo Finance is not serving quotes to us right now, so there are no multiples to show. This is an upstream outage, not a reading of zero — the basket is unchanged.

Against this week's call

As of Sep 10, 2026

Posture
Sunny
Capital-raising call
Run an active fundraising process while window quality remains favorable.
Pause if
Pause acceleration if risk appetite falls below 44 or funding pressure rises above 76.
Re-open when
Resume full process when risk appetite is above 54 and funding pressure falls below 66.

With no median to read this week, the capital-raising call above stands on the rate stack alone — the comparable is missing, not zero.

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Basket composition

Snowflake, Shopify, Salesforce, HubSpot, MongoDB, Datadog, Atlassian, Workday, ServiceNow, Zscaler, Confluent, Toast, GitLab, Cloudflare, Freshworks.

These 15 companies represent a cross-section of modern public SaaS — across cloud infrastructure, enterprise applications, security, data, and vertical SaaS.

Why this matters

The same public-market investors often lead or influence late-stage rounds, so a compression in public multiples reaches private valuations with a lag rather than not at all. That lag is why this page is worth reading before a raise is priced, not after.

An AI agent can query this data via GET /api/mcp?tool=get_comps.