SaaS valuation multiples, October 2026
Median enterprise value to revenue multiples for a basket of 14 public SaaS companies.
Median EV/revenue: 9.6x
Median revenue growth 24.5%, across all 14 companies in the basket. As of , from SEC EDGAR filings and Cboe delayed prices.
Against this week's guidance
Data as of Oct 26, 2026
- Guidance
- Cloudy
- Fundraising
- If you're planning to raise, get your materials ready now so you decide when to go out.
- Pause if
- Pause the raise if risk appetite falls below 44 or funding pressure is above 76. Funding pressure is 90 now.
- Resume when
- Resume the full process when risk appetite is above 54 and funding pressure falls below 66.
Basket composition
Snowflake, Shopify, Salesforce, HubSpot, MongoDB, Datadog, Atlassian, Workday, ServiceNow, Zscaler, Toast, GitLab, Cloudflare, Freshworks.
These 14 companies represent a cross-section of modern public SaaS: cloud infrastructure, enterprise applications, security, data, and vertical SaaS.
Use public multiples in a fundraising discussion
Founders, finance teams and board members can use the basket to question valuation assumptions. Compare growth, gross margin, retention, scale and the revenue period before choosing a comparable. Public shares are liquid; a private round also depends on its terms, investor demand and company risk. Multiplying private ARR by this median does not produce a supported valuation.