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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 | $298 | $330B | 4.9x | 17.9x |
| Palo Alto Networks | United States of America | Cybersecurity | $181 | $123B | 12.5x | 39.5x |
| CrowdStrike | United States of America | Cybersecurity, Vertical AI Applications | $446 | $108B | 22.9x | 85.1x |
| Cloudflare | United States of America | Cybersecurity, Cloud Infrastructure | $170 | $59.0B | 27.5x | 122.9x |
| Fortinet | United States of America | Cybersecurity | $75 | $54.0B | 8.0x | 21.7x |
| Zscaler | United States of America | Cybersecurity | $209 | $31.8B | 10.8x | 41.8x |
| Gen Digital | United States of America | Cybersecurity | $25 | $23.5B | 5.0x | 9.8x |
| CyberArk Software | United States of America | Cybersecurity | $440 | $22.0B | 16.4x | 59.4x |
| Check Point Software | United States of America | Cybersecurity | $174 | $17.2B | 6.3x | 15.1x |
| CACI International | United States of America | IT Consulting, Cybersecurity | $633 | $17.0B | 1.9x | 16.6x |
| F5 | United States of America | Cybersecurity, Network Management | $262 | $14.1B | 4.6x | 12.4x |
| Okta | United States of America | Cybersecurity | $89 | $13.7B | 4.8x | 17.8x |
| Rubrik | United States of America | Cybersecurity | $64 | $12.4B | 10.0x | -355.4x |
| SailPoint | United States of America | Cybersecurity | $17 | $9.4B | 9.0x | 48.5x |
| Qihoo 360 | China | Cybersecurity | CNY 12 | $9.1B | 7.8x | -191.3x |
| Netskope | United States of America | Cybersecurity | $15 | $5.5B | N/A | N/A |
| CommVault Systems | United States of America | Data Infrastructure, IT Operations Management, Cybersecurity, Data Storage | $119 | $5.1B | 4.6x | 22.2x |
| Qualys | United States of America | Cybersecurity | $132 | $4.4B | 6.6x | 14.1x |
| SentinelOne | United States of America | Cybersecurity | $14 | $4.0B | 4.0x | 51.5x |
| QiAnXin | China | Cybersecurity | CNY 38 | $3.9B | 5.6x | -179.7x |
| Trend Micro | Japan | Cybersecurity | JPY 6327 | $3.8B | 2.2x | 7.4x |
| Varonis Systems | United States of America | Cybersecurity | $33 | $3.7B | 6.0x | 2697.6x |
| Cellebrite | United States of America | Cybersecurity, Public Sector & Non-Profit Software | $16 | $3.3B | 7.1x | 26.5x |
| Progress Software | United States of America | Cybersecurity, Developer Tools, Network Management | $43 | $3.1B | 3.2x | 8.2x |
| Clear Secure | United States of America | Cybersecurity, Airports & Aviation Services | $35 | $3.0B | 3.3x | 11.8x |
| Tenable | United States of America | Cybersecurity, Vertical AI Applications | $22 | $2.7B | 2.7x | 11.7x |
| Venustech Group | China | Cybersecurity | CNY 15 | $2.4B | 6.6x | -365.3x |
| CloudWalk | China | Cybersecurity | CNY 16 | $2.3B | N/A | N/A |
| AvePoint | United States of America | Communication & Collaboration Software, Cybersecurity | $13 | $2.2B | 5.4x | 28.0x |
| BlackBerry | Canada | Cybersecurity | CAD 5 | $2.1B | 4.1x | 22.7x |
| CETC Cyberspace Security | China | Cybersecurity | CNY 20 | $2.1B | N/A | N/A |
| Jamf | United States of America | IT Operations Management, DevOps, Cybersecurity | $13 | $2.0B | 2.8x | 11.9x |
| Glory View Technology Co | China | Cybersecurity | CNY 74 | $1.8B | N/A | N/A |
| Eastcompeace Tech Co | China | Cybersecurity | CNY 24 | $1.7B | N/A | N/A |
| NetScout Systems | United States of America | Network Management, Cybersecurity | $28 | $1.5B | 1.8x | 6.9x |
| Beijing VRV Software | China | Cybersecurity | CNY 7 | $1.5B | N/A | N/A |
| Secunet | Germany | Cybersecurity, Public Sector & Non-Profit Software | €190 | $1.4B | 2.8x | 18.0x |
| DPtech | China | Cybersecurity, Network Management | CNY 20 | $1.4B | N/A | N/A |
| Rapid7 | United States of America | Cybersecurity | $13 | $1.4B | 1.6x | 8.6x |
| Asiainfo Security | China | Network Management, Cybersecurity | CNY 22 | $1.3B | N/A | N/A |
| BeiJing Certificate | China | Cybersecurity | CNY 32 | $1.2B | N/A | N/A |
| A10 Networks | United States of America | Network Management, Cybersecurity | $17 | $1.1B | 3.8x | 13.7x |
| Tinexta | Italy | IT Consulting, Cybersecurity | €15 | $1.1B | 1.8x | 8.0x |
| Feitian Technologies Co | China | Cybersecurity | CNY 17 | $986M | N/A | N/A |
| NSFOCUS | China | Cybersecurity | CNY 8 | $953M | N/A | N/A |
| CANCOM | Germany | IT Consulting, Cloud Infrastructure, Cybersecurity | €27 | $876M | 0.4x | 7.3x |
| GB Group | United Kingdom of Great Britain and Northern Ireland | Cybersecurity | £2 | $827M | 2.2x | 8.8x |
| Radware | United States of America | Cybersecurity | $24 | $824M | 2.7x | N/A |
| DBAPPSecurity | China | Cybersecurity | CNY 56 | $794M | 2.6x | 41.4x |
| BTQ Technologies | Canada | Cybersecurity | CAD 7 | $725M | N/A | N/A |
| Itsec Asia | Indonesia | Cybersecurity | IDR 1780 | $705M | N/A | N/A |
| Sansec | China | Cybersecurity | CNY 46 | $653M | N/A | N/A |
| Red Violet | United States of America | BI & Analytics Software, Cybersecurity | $49 | $651M | 7.3x | 21.9x |
| Guangdong Tecsun Science | China | Cybersecurity | CNY 10 | $595M | N/A | N/A |
| NCC Group | United Kingdom of Great Britain and Northern Ireland | Cybersecurity | £1 | $567M | 1.4x | 9.8x |
| Hillstone Networks Co | China | Cybersecurity | CNY 19 | $563M | N/A | N/A |
| Yubico | Sweden | Cybersecurity | SEK 69 | $555M | 2.3x | 17.2x |
| F-Secure | Finland | Cybersecurity | €2 | $552M | 3.2x | 9.3x |
| Hunan Kylinsec Tech | China | Cybersecurity | CNY 44 | $544M | N/A | N/A |
| WebRAY Tech Group | China | Cybersecurity | CNY 51 | $519M | N/A | N/A |
| Beijing Huaru Technology | China | Cybersecurity | CNY 25 | $482M | N/A | N/A |
| eMudhra | India | Cybersecurity | INR 520 | $460M | 6.2x | 26.3x |
| FFRI Security | Japan | Cybersecurity | JPY 9320 | $444M | 23.1x | N/A |
| Mitek Systems | United States of America | Cybersecurity, Governance, Risk & Compliance Software | $10 | $424M | 2.3x | 7.8x |
| Mia Teknoloji | Turkey | Cybersecurity, IT Consulting | TRY 35 | $406M | N/A | N/A |
| Baudroie | Japan | IT Consulting, Cloud Infrastructure, Cybersecurity | JPY 2062 | $397M | 3.8x | 17.5x |
| Riskified | United States of America | E-commerce Software, Cybersecurity | $4 | $391M | 1.1x | 16.3x |
| OneSpan | United States of America | Cybersecurity | $12 | $374M | 1.6x | 5.3x |
| Qoria | Australia | Cybersecurity | AUD 0 | $367M | 4.2x | 24.7x |
| Arqit Quantum | United States of America | Cybersecurity | $25 | $354M | 345.2x | -10.1x |
| Digital Arts | Japan | Cybersecurity, Public Sector & Non-Profit Software | JPY 5610 | $353M | 5.0x | N/A |
| Telos | United States of America | Cybersecurity | $5 | $348M | 2.1x | 21.9x |
| WithSecure | Finland | Cybersecurity | €2 | $344M | 2.5x | 49.5x |
| Global Security Experts | Japan | Cybersecurity | JPY 3295 | $317M | 5.7x | N/A |
| WALLIX | France | Cybersecurity | €28 | $214M | 4.5x | 72.4x |
| Hennge | Japan | Cybersecurity | JPY 1274 | $205M | 3.0x | N/A |
| AHNLAB | South Korea | Cybersecurity | KRW 59100 | $194M | N/A | N/A |
| SSH Communications Security | Finland | Cybersecurity | €3 | $190M | 7.5x | 82.0x |
| Cy4gate | Italy | Cybersecurity | €7 | $185M | 1.7x | 9.1x |
| Enea | Sweden | Cybersecurity, Network Management, Networking Hardware | SEK 76 | $182M | 1.9x | 6.3x |
| Clavister Holding | Sweden | Cybersecurity | SEK 4 | $157M | 6.6x | 36.5x |
| TAC Infosec | India | Cybersecurity | INR 622 | $140M | N/A | N/A |
| Axgate Co | South Korea | Cybersecurity | KRW 7270 | $137M | N/A | N/A |
| Acer Cyber Security | Taiwan | Cybersecurity | TWD 168 | $129M | 1.7x | 20.9x |
| Digimarc | United States of America | Design & Engineering Software, Cybersecurity | $6 | $118M | 3.6x | N/A |
| CyberSolutions | Japan | Cybersecurity | JPY 1304 | $117M | N/A | N/A |
| Elements | Japan | Cybersecurity | JPY 748 | $116M | N/A | N/A |
| Micro Systemation | Sweden | Cybersecurity, Public Sector & Non-Profit Software | SEK 60 | $115M | N/A | N/A |
| Intellicheck | United States of America | Cybersecurity, Governance, Risk & Compliance Software | $6 | $114M | 5.1x | 78.7x |
| Hancom | South Korea | Cybersecurity | KRW 4325 | $113M | N/A | N/A |
| Spectra Systems | United Kingdom of Great Britain and Northern Ireland | Financial Services Software, Cybersecurity | £2 | $107M | 2.1x | 3.9x |
| Autocrypt Co | South Korea | Cybersecurity | KRW 15490 | $103M | 4.5x | N/A |
| Cyber Security Cloud | Japan | Cybersecurity | JPY 1876 | $102M | N/A | N/A |
| Quick Heal | India | Cybersecurity, IT Consulting | INR 198 | $97.6M | N/A | N/A |
| ESTsoft | South Korea | Cybersecurity | KRW 17850 | $96.7M | N/A | N/A |
| CSP | United States of America | IT Consulting, Cybersecurity, Electronic Equipment | $12 | $89.4M | N/A | N/A |
| Corero Network Security | United Kingdom of Great Britain and Northern Ireland | Cybersecurity | £0 | $86.5M | 3.6x | -151.0x |
| Facephi Biometria | Spain | Cybersecurity | €3 | $86.4M | 2.0x | 20.1x |
| Aton | South Korea | Cybersecurity | KRW 6010 | $85.4M | N/A | N/A |
| Innovana Thinklabs | India | Cybersecurity | INR 358 | $85.0M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of January 22, 2026. Financial data powered by Morningstar and FactSet.
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