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Full Confidence In Data

Multiples is powered by investment-grade analyst estimates data from FactSet, Morningstar, verified 3rd party sources, and proprietary investment banking research.

10K+ Public Comparables

The foundation of our comps are raw analyst estimates and financials, powered by FactSet and Morningstar. We calendarize and harmonize this data in-house, so you can easily benchmark time series of valuation metrics like EV/NTM Revenue or EV/2025 EBITDA.

60K+ M&A Transactions

We source deal data from 3rd party databases, company filings, and our own proprietary research. We exclude deals with undisclosed EV and those with questionable-looking multiples. Our dataset is updated daily and continuously monitored for accuracy.

 🚀  Launching Q1 2025

100K+ Funding Rounds

We get funding round data from verified platforms, press releases, company filings. We analyze undisclosed rounds to provide an estimated valuation range. We reconcile, sense-check, and exclude irrelevant data points, making seemingly crazy VC multiples comparable.

Public Comparables Based on Analyst Estimates

10,000+ companies, powered by    FactSet  and   Morningstar
Browse Public Comps
  • Where is the public data coming from?

    Underlying analyst estimates and raw historical financials are powered by FactSet and Morningstar. We manually reconcile and calendarize the data to ensure fully accurate comparison between different fiscal year-ends.

  • What valuation metrics can I compare?

    You can benchmark 50+ valuation metrics as well as time series data based on analyst estimates (forward-looking) and historical financials. Example comparables available for all public comps are EV/2026E Revenue, EV/NTM EBITDA, EV/LTM Marketing Spend, and many more.

  • How accurate are public valuation estimates?

    Our data is institutional-quality, powered by FactSet and Morningstar, calendarized in-house by us, to deliver a time series of metrics, such as NTM Revenue from analyst estimates. As an additional accuracy layer, we run a proprietary red-flagging system to spot-check any suspicious-looking data points.

  • How does the "red-flagging" system work?

    For an additional sense check, our system identifies any valuation metrics which have changed beyond realistic levels from one data update to another - red flagging them to our team for a manual review. This is done via our proprietary software tool that mirrors and tracks Multiples database development.

  • How wide is the public company coverage?

    We cover 10,000+ handpicked public comps across all industry verticals, with an emphasis on digital sector. We guarantee a complete global coverage of the broad tech, media, telecom and healthcare ecosystems, plus all relevant stocks from traditional industries.

  • How do you select and curate public comps?

    Our universe encompasses the global economy, with a special ❤️ for tech. Public comparables are selected based on their size and relevance (we exclude 'dead' micro-caps).

  • Why Multiples instead of Pitchbook or Capital IQ?

    While legacy providers cater to massess, we aim for the digital ecosystem through novel method of sector classification, higher quality multiples and modern UX. This, and we're 90% cheaper 😏.

Over 50 Tech-Specific
Valuation Metrics

We align and calendarize analyst estimates and raw financial data to deliver time series of comparable metrics such as LTM/NTM revenue, forward-looking EBITDA, and operational benchmarks like ratio of marketing spend to revenue.

Enterprise Value
Earnings % Growth
Revenue per FTE
Market Cap
EBITDA Margins
Opex per FTE
EV/Revenue
Gross Margins
IPO Return
EV/EBITDA
Net Margins
P/E
Growth-Adj. EV/Revenue
Rule of 40
P/E-to-Growth
Growth-Adj. EV/EBITDA
S&M as % of Revenue
EPS
EV / FCF
G&A as % of Revenue
Stock Prices
Revenue % Growth
R&D as % of Revenue
Founded to IPO
EBITDA % Growth
Opex as % of Revenue
IPO to Today
Monthly and annual plans available

Private Deal Multiples, Vetted and Verified

60,000+ M&A transactions    Adevinta Zynga Adevinta Zynga
Browse Private Valuation Multiples
  • Where are the private multiples coming from?

    Deals and private valuation data is sourced through proprietary research, including Bloomberg, MergerMarket, press releases, and other sources.

  • What deal valuation metrics can I compare?

    All our M&A / VC comparables have at least valuation disclosed. For the majority of our deal database we provide revenue and/or EBITDA multiples when available.

  • How accurate are private valuation multiples?

    We triple-check deal data through a proprietary red-flagging system, compare with other verified online sources, and sense-check with our investment banking team. We exclude undisclosed, unrealistic or suspicious-looking data points. Our dataset is updated daily and continuously monitored for accuracy.

  • Valuation I found in the news differs from the one on Multiples. Why?

    Those disprepancies are most likely caused by differences in EV (enterprise value) and equity value (valuation reported). For example, for a large M&A deal with available information on target's net debt, we might adjust a valuation to fully reflect an accurate EV. If you believe we made a mistake, drop us a line here and we'll take a look!

  • How do you calculate EV / valuation for deals?

    We source valuation data from verified sources and, if data permits, apply our own logic to get to the EV. As stated above, for a transaction with available net debt information, we might adjust a valuation to reflect an accurate enterprise value.

  • How do you calculate revenue and EBITDA for deals?

    We source LTM revenue and LTM EBITDA data from company filings, press releases or other verified sources. If LTM data is unavailable, we take the next best-fit period (run-rate or calendar year), provided it makes sense in a given case. For example, if a deal happened in November 2024, we might take full-year revenue as a revenue benchmark.

  • How wide is the private deals coverage?

    We cover 60,000+ M&A deals globally, across all industry sectors, starting from 2014. Our near-term roadmap includes VC / growth funding valuation multiples (launching in early 2025).

  • Is your deal data more accurate than Pitchbook, Crunchbase or MergerMarket?

    Yes. While legacy platforms are larger in volume, we strive to be leaner on purpose. We declutter data by removing undisclosed or questionable-looking deals. All our multiples are continously checked against market sources. We estimate to have 27% more M&A valuation multiples vs. MergerMarket.

Exhaustive Company Universe To Capture All Relevant Comps

You can benchmark through 10,000 handpicked public companies and more than 60,000 M&A transactions. Verified, calendarized and categorized, to make your valuation benchmarking a breeze.

👋 Wave Goodbye to Old-School Finance

We break down data into 40 tech themes and over 200 industry verticals, because you deserve to use a database that isn't stuck in the 90s.

Mobile Gaming
Pet Care
BNPL
Neoinsurance
ERP Software
IT Infrastructure
Consumer SaaS
Streaming
Cybersecurity
PropTech
GRC Software
Developer Tools
IoT
Industry 4.0
B2B Payments
Online Dating
Social Networks
Sports Tech
Genomics
Online Travel
Semiconductors
Marketplaces
Energy Storage
Climate Tech
Air Mobility
GovTech
Workspaces
Vertical SaaS
Plant-Based Food
Vice Tech
Console Gaming
Defense Tech
Explore Sector Coverage

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Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.