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Public Comps and Valuation Multiples for DeepTech

Benchmark revenue and EBITDA valuation multiples for public comps like
NVIDIA, Alphabet, Broadcom, TSMC and Tesla.

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DeepTech

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$5.2T$5.1T$269B19.2x29.6x
$4.6T$4.6T$435B10.5x23.2x
$2.0T$2.0T$86B23.4x34.7x
$1.9T$1.8T$138B12.9x18.2x
$1.6T$1.6T$98B16.0x108.0x
$1.5T$1.6T$221B7.0x12.0x
$916B$894B$125B7.1x9.5x
$847B$843B$89B9.5x12.7x
$762B$754B$41B18.6x79.1x
$602B$615B$55B11.2x39.1x
$564B$597B$97B6.2x16.5x
$382B$381B$23B16.8x45.6x
$343B$342B$31B11.0x33.2x
$330B$353B$80B4.4x11.1x
$326B$323B$5B63.6x132.5x
$286B$244B$72B3.4x14.4x
$281B$290B$19B15.3x31.8x
$251B$256B$43B6.0x16.4x
$247B$248B$13B18.5x40.9x
$234B$272B$94B2.9x16.1x
$197B$202B$20B10.2x17.0x
$196B$194B$166B1.2x20.8x
$195B$188B$20B9.6x47.1x
$194B$182B$10B18.1x37.6x
$193B$199B$13B15.2x28.5x
$182B$185B$12B15.8x44.0x
$172B$174B$9B19.3x49.0x
$167B$165B$13B13.2x34.5x
$167B$206B$46B4.5x17.8x
$162B$177B$27B6.5x20.8x
$155B$151B$11B14.1x31.9x
$152B$179B$47B3.8x14.5x
$145B$141B$67B2.1x13.4x
$144B$169B$38B4.4x18.1x
$143B$139B$16B8.6x29.4x
$122B$120B$7B16.3x34.8x
$122B$135B$25B5.4x17.1x
$121B$133B$26B5.1x18.0x
$121B$133B$32B4.1x13.6x
$119B$118B$2B73.3x207.9x
$118B$120B$124B1.0x6.9x
$117B$108B$7B14.4x27.3x
$107B$106B$3B41.4x122.4x
$104B$103B$940M109.3x7.5x
$103B$110B$18B6.1x20.6x
$101B$121B$36B3.3x11.8x
$100B$102B$10B10.0x19.6x
$89B$88B$5B16.9x36.7x
$86B$86B$3B32.3x191.0x
$86B$95B$21B4.6x14.7x
$83B$6B
$80B$13B
$78B$3B
$78B$22B
$74B$7B
$74B$3B
$71B$6B
$71B$185B
$67B$12B
$64B$24B
$62B$18B
$59B$190B
$59B$6B
$58B$23B
$57B$13B
$56B
$56B$4B
$55B$26B
$54B$4B
$53B$20B
$53B$1B
$51B
$51B$8B
$51B$4B
$51B$7B
$51B$5B
$50B$908M
$50B$9B
$50B$63B
$50B$38B
$49B$6B
$49B$2B
$48B$5B
$48B$5B
$47B$7B
$46B$9B
$45B$8B
$45B$6B
$45B$3B
$45B$27B
$45B$19B
$44B$4B
$44B$1B
$44B$9B
$43B$2B
$43B$14B
$43B$1B
$40B$1B
$40B$16B
$39B$86B
$38B$43B
$38B$4B
$37B$3B
$36B$15B
$35B$6B
$35B$3B
$34B$4B
$34B$4B
$33B$3B
$32B$7B
$32B$110M
$31B$47B
$31B$9B
$30B$4B
$30B$1B
$30B$6B
$29B$1B
$29B$2B
$29B$4B
$29B$6B
$28B$31B
$28B$5B
$28B$5B
$27B$7B
$27B$5B
$26B$11B
$26B$1B
$26B$2B
$25B$846M
$24B$898M
$24B$182M
$23B$20B
$23B$4B
$22B$3B
$22B$4B
$22B$917M
$22B$4B
$22B$1B
$22B$4B
$22B$2B
$21B$1B
$21B$38B
$21B$616M
$21B$368M
$21B$6B
$21B$97B
$21B
$21B$3B
$20B$2B
$20B$6B
$20B$439M
$20B$4B
$20B
$20B$3B
$20B$616M
$20B$145M
$19B
$19B$4B
$19B$4B
$19B$434M
$19B$6B
$19B$2B
$19B$6B
$19B$9B
$19B$520M
$18B$203M
$18B$2B
$18B$4B
$18B$5B
$17B$2B
$17B$3B
$17B$4B
$17B$1B
$17B
$17B$10B
$17B$4B
$17B$8B
$16B$7B
$16B$8B
$16B$18B
$16B$953M
$16B$346M
$16B$5B
$16B$1B
$15B$750M
$15B$12B
$15B$1B
$15B$8B
$15B$6B
$15B$1B
$15B$26B
$15B$1B
$15B$84B
$15B$685M
$14B$2B
$14B$757M
$14B$4B
$14B$2B
$14B$8M
$14B$3B
$14B$16B
$14B$160M
$14B$628M
$13B$28B
$13B$15B
$13B$8B
$13B$4B
$13B$6B
$13B$6B
$13B$1B
$13B$2B
$13B$2B
$13B$4B
$13B
$12B$4B
$12B$1B
$12B$6B
$12B$2B
$12B$18B
$12B
$12B$723M
$12B$2B
$12B$3B
$12B$3B
$12B$4B
$12B$1B
$12B$1B
$12B$381M
$12B$2B
$12B$3B
$12B$2B
$12B$3B
$11B$1B
$11B
$11B$683M
$11B$2B
$11B$3B
$11B$34B
$11B$1B
$11B$4B
$11B$1B
$11B$32M
$11B$2B
$11B$77M
$11B$3B
$11B$10B
$11B$281M
$11B$566M
$11B$2B
$11B$2B
$11B
$11B$3B
$10B$245M
$10B$584M
$10B$1B
$10B$5B
$10B$632M
$10B$10B
$10B$4B
$10B$855M
$10B$6B
$10B$979M
$10B$331M
$10B$2B
$10B$2B
$10B$835M
$10B
$10B
$10B$29M
$10B$11B
$10B$2B
$10B$4B
$10B
$9B$6B
$9B$363M
$9B$109M
$9B$4B
$9B$1B
$9B$4B
$9B$2B
$9B$3B
$9B$1B
$9B$913M
$9B$109M
$9B$1B
$9B$814M
$9B$2B
$9B$698M
$9B$223M
$9B$58M
$9B$542M
$9B$1B
$9B$2B
$9B$14M
$9B$815M
$9B
$9B$5B
$9B$216M
$9B$2B
$9B$2B
$9B$134M
$9B$2B
$9B$318M
$9B$914M
$8B$1B
$8B$2B
$8B$4B
$8B$810M
$8B$1B
$8B$1B
$8B$3B
$8B$1B
$8B
$8B$549M
$8B$449M
$8B$415M
$8B$397M
$8B$2B
$8B$12B
$8B$4B
$8B$6B
$8B$526M
$8B$755M
$8B$3B
$8B$177M
$7B$3B
$7B$354M
$7B$684M
$7B$1B
$7B$38B
$7B
$7B$838M
$7B$573M
$7B$1B
$7B$652M
$7B$938M
$7B$4B
$7B$23B
$7B$3B
$7B$176M
$7B$3B
$7B
$7B$1B
$7B$3B
$7B$658M
$7B$12B
$7B$44M
$7B$2B
$7B
$7B$1B
$7B$238M
$7B$4B
$7B$2B
$7B$626M
$7B$3B
$6B$7B
$6B$3B
$6B$102M
$6B$5B
$6B$36B
$6B$1B
$6B$262M
$6B$152M
$6B$5B
$6B$734M
$6B$881M
$6B$360M
$6B$703M
$6B$2B
$6B$2B
$6B$10B
$6B$693M
$6B$4B
$6B
$6B$348M
$6B$2B
$6B$1B
$6B$924M
$6B$32M
$6B$297M
$6B$5B
$6B$1B
$6B
$6B$702M
$6B
$5B$556M
$5B$928M
$5B
$5B$3B
$5B$6B
$5B$270M
$5B$2B
$5B$847M
$5B
$5B
$5B$9B
$5B$1B
$5B$750M
$5B$904M
$5B$1B
$5B$5B
$5B$1B
$5B$880M
$5B$599M
$5B$9B
$5B$731M
$5B$3B
$5B$301M
$5B$2B
$5B$1B
$5B
$5B$22K
$5B$701M
$5B$235M
$5B$1B
$5B$3B
$5B
$5B$1B
$5B$4M
$5B$993M
$5B
$5B$3B
$5B$840M
$5B$4B
$5B
$5B
$5B$4B
$5B$9M
$5B$280M
$5B$761M
$5B$11B
$5B$2B
$5B$631M
$5B$899M
$5B$30M
$5B$538M
$5B$2B
$5B$366M
$5B$2B
$5B
$5B$4B
$5B$185M
$5B$410M
$5B$415M
$5B$502M
$4B$1B
$4B$2B
$4B
$4B$737M
$4B$279M
$4B$734M
$4B$1B
$4B$129M
$4B
$4B$1B
$4B
$4B$1B
$4B$850M
$4B$119M
$4B$3B
$4B$214M
$4B$12B
$4B$3B
$4B
$4B$1B
$4B
$4B$1B
$4B$108M
$4B$3B
$4B$363M
$4B$456M
$4B$721M
$4B$774M
$4B$4B
$4B$130M
$4B$478M
$4B$697M
$4B
$4B$407M
$4B$800M
$4B$2B
$4B$579M
$4B$3B
$4B
$4B$422M
$4B$1B
$4B$2B
$4B
$4B
$4B$989M
$4B$387M
$4B
$4B$85M
$4B
$4B$751M
$4B$509M
$4B$4B
$4B$2B
$4B$823M
$4B$915M
$4B$872M
$4B$2B
$4B$2B
$4B$716M
$4B$711M
$4B$8B
$4B$182M
$4B$947M
$4B$544M
$4B$162M
$4B$36M
$4B$194M
$4B$983M
$4B$296M
$3B$205M
$3B$3B
$3B$628M
$3B$422M
$3B$904M
$3B$7B
$3B$588M
$3B
$3B$675M
$3B$653M
$3B$519M
$3B$1B
$3B$2B
$3B$208M
$3B$240M
$3B$868M
$3B$430M
$3B$3B
$3B$534M
$3B$2B
$3B$4B
$3B$3B
$3B$414M
$3B$19B
$3B
$3B
$3B$88M
$3B$1B
$3B$2B
$3B
$3B$72M
$3B
$3B$3B
$3B$535M
$3B$870M
$3B$3B
$3B$121M
$3B$2B
$3B$4B
$3B$575M
$3B$1B
$3B$631M
$3B$1B
$3B$50M
$3B$1B
$3B$4M
$3B$3B
$3B
$3B$901M
$3B$82M
$3B
$3B$4B
$3B$911M
$3B$160M
$3B
$3B$3B
$3B$175M
$3B$227M
$3B$505M
$3B
$3B$1B
$3B
$3B$2B
$3B$976M
$3B
$3B
$3B$474M
$3B$9M
$3B$190M
$3B$637M
$3B$3B
$3B$4B
$3B$1B
$3B$1B
$3B$3B
$3B$3B
$3B$33M
$3B
$3B
$3B$337M
$3B$211M
$3B$2B
$3B$233M
$3B$1B
$3B$785M
$3B$2B
$3B$122M
$3B
$3B$442M
$3B
$2B$489M
$2B
$2B$2B
$2B$623M
$2B$1B
$2B
$2B
$2B$656M
$2B$2B
$2B$372M
$2B$76M
$2B
$2B$190M
$2B$81M
$2B$591M
$2B$263M
$2B$100M
$2B$554M
$2B$225M
$2B$2B
$2B$1B
$2B$96M
$2B$825M
$2B$2B
$2B$519M
$2B$262M
$2B$377M
$2B$713M
$2B
$2B$303M
$2B$571M
$2B$494M
$2B$909M
$2B
$2B
$2B$251M
$2B$243M
$2B$2B
$2B$1B
$2B$4B
$2B$2B
$2B$1B
$2B$128M
$2B
$2B
$2B
$2B$195M
$2B$394M
$2B$881M
$2B$352M
$2B$674M
$2B$803M
$2B$3B
$2B$39M
$2B
$2B$2B
$2B$1B
$2B$198M
$2B
$2B$134M
$2B$192M
$2B$369M
$2B$104M
$2B
$2B$1B
$2B$6B
$2B$195M
$2B$236M
$2B$573M
$2B
$2B$245M
$2B$6B
$2B$72M
$2B$708M
$2B$1B
$2B$307M
$2B$365M
$2B$654M
$2B
$2B$782M
$2B$499M
$2B$507M
$2B$3B
$2B$212M
$2B$1B
$2B
$2B$141M
$2B
$2B$209M
$2B$1B
$2B
$2B$966M
$2B$1M
$2B$553M
$2B$617M
$2B$1B
$2B
$2B$393M
$2B$92M
$2B$836M
$2B$518M
$2B$171M
$2B$10M
$2B$253M
$2B$2B
$2B$444M
$2B$353M
$2B$549M
$2B
$2B$80M
$2B$183M
$2B$326M
$2B$533M
$2B$153M
$2B$344M
$2B$2B
$2B$136M
$2B$5B
$2B$276M
$2B$443M
$2B
$2B$962M
$2B$69M
$2B$24M
$2B$546M
$2B$93M
$2B
$2B
$2B$7M
$2B$25M
$2B$242M
$2B$194M
$2B$539M
$2B$359M
$2B
$2B$381M
$2B
$2B$1B
$2B$460M
$2B$324M
$2B$300M
$2B
$2B$29M
$1B$317M
$1B$2B
$1B$405M
$1B$35M
$1B
$1B$4B
$1B$562M
$1B$205M
$1B$85M
$1B$544M
$1B
$1B$111M
$1B$3B
$1B
$1B
$1B$210M
$1B$156M
$1B$159M
$1B$696M
$1B$447M
$1B$358M
$1B$2B
$1B$35M
$1B$6M
$1B
$1B
$1B$355M
$1B$708M
$1B$249M
$1B$452M
$1B$281M
$1B$161M
$1B$211M
$1B$2B
$1B
$1B
$1B$2B
$1B$1B
$1B$116M
$1B$293M
$1B$261M
$1B$6B
$1B$1B
$1B$244M
$1B$885M
$1B$148M
$1B$679M
$1B
$1B$62M
$1B
$1B$142M
$1B$455M
$1B$8M
$1B$372M
$1B$3B
$1B$139M
$1B$344M
$1B$678M
$1B$853M
$1B$10B
$1B$74M
$1B$372M
$1B
$1B$474M
$1B$4M
$1B$87M
$1B$215M
$1B$1B
$1B$2B
$1B
$1B$507M
$1B$129M
$1B$705M
$1B$700M
$1B$704M
$1B$162M
$1B$158M
$1B$1B
$1B$410M
$1B$292M
$1B
$1B$233M
$1B$214M
$1B$115M
$1B$1B
$1B$167M
$1B$459M
$1B$206M
$1B
$1B
$1B$254M
$1B$2B
$1B$68M
$1B
$1B$166M
$1B$4B
$1B$203M
$1B$143M
$1B$234M
$1B$1B
$1B
$1B$236M
$1B
$998M
$994M$841M
$993M$98M
$988M
$980M$836M
$979M$3M
$978M$483M
$954M$262M
$952M$324M
$951M
$943M$46M
$938M$885M
$930M$598M
$918M$742M
$913M$284M
$911M$36M
$910M$521M
$910M$80M
$907M$481K
$902M$338M
$887M$73M
$877M
$877M
$874M$601M
$871M$370M
$868M
$866M$255M
$856M$32M
$855M$69M
$852M$2B
$844M$111M
$816M
$815M$1B
$808M$2B
$808M$3B
$802M$60M
$800M$3B
$795M$5M
$790M$61M
$788M$92M
$784M$144M
$783M$558M
$782M$1B
$760M$49M
$758M$23M
$756M$79M
$749M
$748M
$742M$83M
$736M$548M
$727M$319M
$725M
$722M$395M
$721M$352M
$711M$99M
$711M
$703M$148M
$698M$759M
$692M$688M
$689M$75M
$688M$13M
$685M$1M
$684M$10M
$676M$2B
$672M
$672M$67M
$666M$592M
$662M
$661M
$661M$241M
$660M
$653M
$651M$213M
$649M$214M
$645M$90M
$638M$730M
$637M$270M
$637M$315M
$637M
$629M$583M
$623M$307M
$612M$130M
$611M$347M
$607M$58M
$604M$88M
$600M$252M
$598M$7M
$594M$160M
$587M
$586M
$584M$912M
$576M$100M
$572M
$572M$380M
$571M
$569M$118M
$565M$198M
$562M$343M
$561M$105M
$553M
$549M$152M
$546M
$541M$241M
$540M$360M
$537M
$537M$285M
$534M$8M
$531M
$528M$299M
$525M$142M
$521M$723M
$517M$204M
$496M$293M
$493M$314M
$493M
$491M
$489M$51M
$488M$103M
$486M$334M
$485M
$483M$434M
$482M$258M
$482M$2B
$480M$242M
$480M
$475M$366M
$472M$248M
$463M$388M
$457M$448M
$457M$581M
$454M$712K
$452M$4M
$447M$519M
$444M$77M
$441M$35M
$441M
$438M$368M
$438M$177M
$438M
$435M$147M
$434M$831M
$431M$33M
$429M$333M
$427M$8M
$421M$4M
$421M$184M
$413M$96M
$409M$66M
$408M
$406M$237M
$405M
$405M
$403M$128M
$402M$84M
$401M
$400M$62M
$395M$265M
$394M$31M
$393M$55M
$387M$305M
$387M
$386M
$384M
$383M$503M
$380M$93M
$379M$952M
$378M
$376M$163M
$375M$50M
$374M$452M
$372M$3B
$372M$57M
$370M$79M
$370M$289M
$370M
$367M
$360M$840M
$358M$71M
$357M$157K
$356M$18M
$356M
$352M$134M
$352M$84M
$349M
$349M
$349M
$349M$450M
$347M
$346M$318M
$343M$43M
$341M$66M
$340M$73M
$340M$16M
$334M
$332M$3M
$324M$28M
$318M$23M
$317M$884M
$316M$73M
$315M$115M
$312M$447M
$312M$151M
$312M$84M
$311M
$310M$30M
$306M$84M
$303M
$303M$65M
$302M$13M
$289M
$288M$23M
$285M$26M
$284M
$284M$2M
$282M$121M
$282M
$282M$12M
$281M
$278M$78M
$275M$61M
$275M
$274M$81M
$273M$3M
$272M$773M
$270M$30M
$268M$284M
$264M$403M
$262M$13M
$260M$590M
$260M$200M
$260M$231M
$259M$70M
$256M$3M
$252M$132M
$251M
$251M$377M
$250M$71M
$249M$117M
$248M$193M
$246M$381M
$245M$30M
$243M$21M
$243M$349M
$241M$299M
$239M$29M
$236M$1M
$235M$249M
$234M$2M
$233M$2M
$232M
$230M
$229M$10M
$229M$2M
$228M$43M
$228M$123M
$227M$431M
$226M$180M
$223M
$217M$425M
$216M$50M
$213M$1M
$212M$109M
$208M$16M
$208M$108M
$207M
$207M
$206M$1M
$204M$75M
$203M$175M
$202M$6M
$201M$179M
$201M$48M
$200M$113M
$199M
$198M
$198M$20M
$195M$144M
$191M$62M
$187M$140M
$186M$29M
$186M$29M
$185M
$183M
$180M$114M
$180M$210M
$180M
$179M$18M
$178M$164M
$178M$31M
$178M
$175M$72M
$175M$382M
$174M
$173M$357M
$173M$55M
$172M$50M
$172M
$171M$414M
$169M$4M
$169M$5M
$168M
$168M$111M
$162M$60M
$162M$71M
$162M$38M
$161M$286M
$160M$24M
$159M$161M
$158M$7M
$158M
$157M$61M
$156M$9M
$155M$62M
$154M
$152M$86M
$150M$103M
$148M
$148M$8M
$146M
$145M$145M
$143M
$143M
$142M$452M
$142M$169M
$141M$254M
$140M$25M
$140M
$139M$2M
$133M
$132M
$132M$45M
$132M$273M
$132M$16M
$131M
$127M$38M
$127M$151M
$126M$287M
$124M$115M
$122M
$122M
$121M
$121M$49M
$121M
$121M$21M
$120M
$120M
$118M$104M
$115M
$114M$31M
$113M$436M
$111M$4M
$111M
$110M
$109M
$108M
$108M$1M
$106M$122M
$105M$51M
$105M$5M
$105M$22M
$105M
$104M
$103M$36M
$103M
$103M
$101M
$101M
$100M
$98M
$97M$23M
$97M$124M
$96M$68M
$93M
$91M$28M
$90M
$90M$60M
$89M$54M
$89M
$89M$3M
$88M$20M
$88M$2M
$86M$159M
$86M$12M
$86M
$83M$1B
$83M
$82M
$80M$287M
$80M$166M
$80M$122M
$80M
$79M
$78M$13M
$78M$212K
$78M$39M
$77M$5M
$74M$12M
$74M$40M
$73M
$73M
$72M$5M
$72M
$72M$53M
$71M$137M
$70M
$70M
$70M
$69M
$68M$64M
$67M$97M
$67M$122M
$66M$255M
$66M$24M
$65M$91M
$65M
$64M$40M
$64M$112M
$64M
$64M
$63M$9M
$63M$10M
$63M$32M
$62M
$61M
$61M$324M
$60M$24M
$59M$20M
$58M$12M
$57M
$57M
$56M
$56M
$56M
$56M$9M
$56M$38M
$56M$112M
$55M
$55M$36M
$55M$225K
$54M$80M
$53M
$53M$29M
$52M$26M
$52M$18M
$51M$352M
$50M$40M
$50M$12M
$49M
$49M$383K
$49M$19M
$48M$180M
$47M$74M
$47M$10M
$47M$32M
$46M$15M
$45M
$44M$931K
$43M$48M
$43M
$42M
$42M$19M
$41M
$41M
$41M$12M
$40M
$40M$42M
$40M$51M
$40M$83M
$40M
$39M$16M
$38M$12M
$38M$642K
$38M
$38M
$38M
$37M$83M
$37M$412M
$36M$19M
$36M$8M
$36M
$36M$45M
$35M
$35M
$35M$28M
$34M
$34M
$34M
$33M$5M
$33M
$32M$51M
$32M$10M
$32M
$32M
$30M$11M
$30M$3M
$30M$2M
$30M
$30M$205M
$30M
$29M$3M
$28M$38M
$28M
$28M$20M
$28M
$27M
$27M
$27M
$27M
$26M
$25M
$25M$87M
$25M$46M
$25M$52M
$25M
$25M
$24M
$24M
$24M
$23M
$22M
$22M
$21M
$21M$14M
$20M
$20M$44M
$20M$16M
$19M$25M
$19M$5M
$19M$21M
$19M$622K
$18M$53M
$18M$7M
$17M
$17M$11M
$17M
$17M
$17M$19M
$16M
$15M
$14M$30M
$14M
$13M$8M
$13M$8M
$13M
$13M
$12M
$11M
$11M$10M
$11M$3M
$10M$15M
$10M
$10M$11M
$10M
$10M
$10M
$10M
$9M
$9M$16M
$9M
$8M
$7M
$7M
$7M
$7M
$7M$41M
$7M
$7M
$7M
$7M$4M
$7M
$6M
$6M$13M
$5M
$5M
$5M
$5M
$5M
$5M
$5M
$4M
$4M
$4M
$4M
$4M
$4M
$4M
$3M$110M
$3M
$3M
$3M
$3M
$3M
$3M
$2M
$2M
$2M
$2M
$1M$20M
$1M
$728K$27M
$715K
$301K
$201K
$137K
$127K
$93K
$67K

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