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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| IBM | United States of America | IT Consulting, Cloud Infrastructure, Network Management, Cybersecurity, Electronic Equipment, AI Conglomerates | $303 | $335B | 5.0x | 18.3x |
| Palo Alto Networks | United States of America | Cybersecurity | $190 | $128B | 13.3x | 42.0x |
| CrowdStrike | United States of America | Cybersecurity, Vertical AI Applications | $524 | $128B | 27.3x | 102.0x |
| Cloudflare | United States of America | Cybersecurity, Cloud Infrastructure | $201 | $70.0B | 33.2x | 149.5x |
| Fortinet | United States of America | Cybersecurity | $83 | $59.4B | 8.9x | 24.1x |
| Zscaler | United States of America | Cybersecurity | $244 | $37.4B | 12.9x | 50.0x |
| Gen Digital | United States of America | Cybersecurity | $27 | $24.8B | 5.4x | 10.3x |
| CyberArk Software | United States of America | Cybersecurity | $458 | $22.9B | 17.4x | 65.8x |
| Check Point Software | United States of America | Cybersecurity | $191 | $19.1B | 7.0x | 16.8x |
| CACI International | United States of America | IT Consulting, Cybersecurity | $593 | $16.2B | 1.8x | 15.9x |
| Rubrik | United States of America | Cybersecurity | $71 | $13.7B | 11.6x | -144.3x |
| Okta | United States of America | Cybersecurity | $86 | $13.3B | 4.6x | 17.5x |
| F5 | United States of America | Cybersecurity, Network Management | $241 | $12.9B | 4.2x | 11.3x |
| SailPoint | United States of America | Cybersecurity | $19 | $10.6B | 10.3x | 59.1x |
| Qihoo 360 | China | Cybersecurity | CNY 12 | $9.3B | 7.9x | N/A |
| Netskope | United States of America | Cybersecurity | $18 | $8.5B | N/A | N/A |
| CommVault Systems | United States of America | Data Infrastructure, IT Operations Management, Cybersecurity, Data Storage | $124 | $5.3B | 4.8x | 23.1x |
| Trend Micro | Japan | Cybersecurity | JPY 7697 | $5.1B | 2.9x | 9.9x |
| Qualys | United States of America | Cybersecurity | $149 | $5.0B | 7.5x | 16.2x |
| SentinelOne | United States of America | Cybersecurity | $17 | $4.9B | 5.0x | 74.1x |
| Cellebrite | United States of America | Cybersecurity, Public Sector & Non-Profit Software | $18 | $3.9B | 8.3x | 31.4x |
| QiAnXin | China | Cybersecurity | CNY 35 | $3.7B | 5.5x | -313.7x |
| Varonis Systems | United States of America | Cybersecurity | $32 | $3.5B | 5.7x | 1098.2x |
| Tenable | United States of America | Cybersecurity, Vertical AI Applications | $27 | $3.2B | 3.3x | 14.2x |
| Progress Software | United States of America | Cybersecurity, Developer Tools, Network Management | $43 | $3.2B | 3.3x | 8.4x |
| Clear Secure | United States of America | Cybersecurity, Airports & Aviation Services | $34 | $2.9B | 3.2x | 11.6x |
| BlackBerry | Canada | Cybersecurity | CAD 6 | $2.4B | 4.5x | 26.3x |
| AvePoint | United States of America | Communication & Collaboration Software, Cybersecurity | $13 | $2.3B | 5.7x | 30.2x |
| Venustech Group | China | Cybersecurity | CNY 15 | $2.3B | 5.7x | 391.1x |
| CloudWalk | China | Cybersecurity | CNY 14 | $2.0B | N/A | N/A |
| Jamf | United States of America | IT Operations Management, DevOps, Cybersecurity | $13 | $1.9B | 2.8x | 12.1x |
| CETC Cyberspace Security | China | Cybersecurity | CNY 17 | $1.7B | 5.0x | 49.6x |
| Rapid7 | United States of America | Cybersecurity | $16 | $1.6B | 1.9x | 9.9x |
| Glory View Technology Co | China | Cybersecurity | CNY 60 | $1.5B | 16.1x | -139.8x |
| NetScout Systems | United States of America | Network Management, Cybersecurity | $27 | $1.5B | 1.8x | 6.8x |
| Eastcompeace Tech Co | China | Cybersecurity | CNY 21 | $1.4B | N/A | N/A |
| Secunet | Germany | Cybersecurity, Public Sector & Non-Profit Software | €183 | $1.4B | 2.7x | 17.5x |
| DPtech | China | Cybersecurity, Network Management | CNY 19 | $1.3B | 8.1x | 59.5x |
| Beijing VRV Software | China | Cybersecurity | CNY 6 | $1.2B | N/A | N/A |
| A10 Networks | United States of America | Network Management, Cybersecurity | $18 | $1.1B | 3.9x | 14.4x |
| BeiJing Certificate | China | Cybersecurity | CNY 29 | $1.1B | N/A | N/A |
| Tinexta | Italy | IT Consulting, Cybersecurity | €15 | $1.1B | 1.8x | 7.9x |
| Asiainfo Security | China | Network Management, Cybersecurity | CNY 18 | $1.0B | 0.8x | N/A |
| NSFOCUS | China | Cybersecurity | CNY 8 | $951M | 2.5x | 14.5x |
| Feitian Technologies Co | China | Cybersecurity | CNY 16 | $910M | N/A | N/A |
| GB Group | United Kingdom of Great Britain and Northern Ireland | Cybersecurity | £3 | $881M | 2.3x | 9.5x |
| BTQ Technologies | Canada | Cybersecurity | CAD 9 | $877M | N/A | N/A |
| CANCOM | Germany | IT Consulting, Cloud Infrastructure, Cybersecurity | €27 | $853M | 0.4x | 7.0x |
| Radware | United States of America | Cybersecurity | $24 | $798M | 2.7x | N/A |
| Red Violet | United States of America | BI & Analytics Software, Cybersecurity | $55 | $739M | 8.4x | 25.2x |
| DBAPPSecurity | China | Cybersecurity | CNY 53 | $731M | 2.4x | 45.0x |
| Yubico | Sweden | Cybersecurity | SEK 84 | $679M | 2.8x | 20.6x |
| NCC Group | United Kingdom of Great Britain and Northern Ireland | Cybersecurity | £1 | $625M | 1.6x | 10.8x |
| Sansec | China | Cybersecurity | CNY 42 | $589M | 8.8x | 80.1x |
| Itsec Asia | Indonesia | Cybersecurity | IDR 1420 | $570M | 29.1x | 1051.9x |
| Guangdong Tecsun Science | China | Cybersecurity | CNY 10 | $560M | N/A | N/A |
| eMudhra | India | Cybersecurity | INR 621 | $555M | 7.6x | 32.1x |
| Hillstone Networks Co | China | Cybersecurity | CNY 19 | $549M | N/A | N/A |
| Qoria | Australia | Cybersecurity | AUD 1 | $533M | 6.3x | 38.2x |
| F-Secure | Finland | Cybersecurity | €2 | $531M | 3.1x | 8.9x |
| Hunan Kylinsec Tech | China | Cybersecurity | CNY 42 | $510M | N/A | N/A |
| Baudroie | Japan | IT Consulting, Cloud Infrastructure, Cybersecurity | JPY 2504 | $492M | 4.8x | 21.8x |
| Digital Arts | Japan | Cybersecurity, Public Sector & Non-Profit Software | JPY 6860 | $468M | 6.5x | N/A |
| Riskified | United States of America | E-commerce Software, Cybersecurity | $5 | $440M | 1.3x | 18.7x |
| Beijing Huaru Technology | China | Cybersecurity | CNY 23 | $428M | 12.2x | -7.5x |
| Arqit Quantum | United States of America | Cybersecurity | $29 | $427M | 282.4x | -14.1x |
| Mia Teknoloji | Turkey | Cybersecurity, IT Consulting | TRY 35 | $419M | N/A | N/A |
| Mitek Systems | United States of America | Cybersecurity, Governance, Risk & Compliance Software | $9 | $407M | 2.3x | 8.1x |
| FFRI Security | Japan | Cybersecurity | JPY 8250 | $397M | 20.4x | N/A |
| OneSpan | United States of America | Cybersecurity | $12 | $394M | 1.6x | 5.6x |
| WebRAY Tech Group | China | Cybersecurity | CNY 38 | $379M | N/A | N/A |
| Telos | United States of America | Cybersecurity | $6 | $365M | 2.3x | 26.1x |
| WithSecure | Finland | Cybersecurity | €2 | $346M | 2.4x | 52.3x |
| Global Security Experts | Japan | Cybersecurity | JPY 3265 | $319M | 4.7x | N/A |
| Hennge | Japan | Cybersecurity | JPY 1283 | $216M | 3.1x | N/A |
| AHNLAB | South Korea | Cybersecurity | KRW 61600 | $211M | N/A | N/A |
| Cy4gate | Italy | Cybersecurity | €8 | $204M | 1.9x | 10.3x |
| WALLIX | France | Cybersecurity | €23 | $181M | 3.8x | 75.9x |
| Digimarc | United States of America | Design & Engineering Software, Cybersecurity | $9 | $178M | 5.3x | N/A |
| SSH Communications Security | Finland | Cybersecurity | €3 | $171M | 6.7x | 70.1x |
| TAC Infosec | India | Cybersecurity | INR 735 | $168M | N/A | N/A |
| Enea | Sweden | Cybersecurity, Network Management, Networking Hardware | SEK 68 | $163M | 1.7x | 5.7x |
| Quick Heal | India | Cybersecurity, IT Consulting | INR 290 | $154M | N/A | N/A |
| Axgate Co | South Korea | Cybersecurity | KRW 8030 | $152M | N/A | N/A |
| Acer Cyber Security | Taiwan | Cybersecurity | TWD 173 | $134M | 1.8x | 9.0x |
| Intellicheck | United States of America | Cybersecurity, Governance, Risk & Compliance Software | $6 | $117M | 5.3x | 84.7x |
| Micro Systemation | Sweden | Cybersecurity, Public Sector & Non-Profit Software | SEK 61 | $114M | 2.6x | 14.4x |
| Clavister Holding | Sweden | Cybersecurity | SEK 3 | $109M | 4.7x | 26.3x |
| Hancom | South Korea | Cybersecurity | KRW 3930 | $107M | N/A | N/A |
| Innovana Thinklabs | India | Cybersecurity | INR 449 | $107M | N/A | N/A |
| Spectra Systems | United Kingdom of Great Britain and Northern Ireland | Financial Services Software, Cybersecurity | £1 | $102M | 2.0x | 3.8x |
| ESTsoft | South Korea | Cybersecurity | KRW 18560 | $102M | N/A | N/A |
| Cyber Security Cloud | Japan | Cybersecurity | JPY 1760 | $96.2M | 3.9x | N/A |
| Aton | South Korea | Cybersecurity | KRW 6380 | $91.7M | N/A | N/A |
| Gogolook | Taiwan | Consumer Apps, Cybersecurity | TWD 81 | $88.8M | 3.2x | -66.5x |
| CSP | United States of America | IT Consulting, Cybersecurity, Electronic Equipment | $11 | $87.9M | N/A | N/A |
| Loihde | Finland | Cybersecurity, IT Consulting | €12 | $85.7M | 0.5x | 7.6x |
| Facephi Biometria | Spain | Cybersecurity | €2 | $84.1M | 2.0x | 22.7x |
| Elements | Japan | Cybersecurity | JPY 528 | $83.1M | N/A | N/A |
| Intercede Group | United Kingdom of Great Britain and Northern Ireland | Cybersecurity, IT Operations Management, Developer Tools | £1 | $81.9M | 3.4x | 13.6x |
Valuation multiples as of last 12 months (LTM). Stock prices as of December 4, 2025. Financial data powered by Morningstar and FactSet.
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