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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 | $309 | $339B | 5.1x | 18.4x |
| Palo Alto Networks | United States of America | Cybersecurity | $176 | $119B | 12.2x | 38.3x |
| CrowdStrike | United States of America | Cybersecurity, Vertical AI Applications | $445 | $108B | 22.8x | 84.9x |
| Cloudflare | United States of America | Cybersecurity, Cloud Infrastructure | $180 | $62.6B | 29.2x | 130.5x |
| Fortinet | United States of America | Cybersecurity | $82 | $58.5B | 8.7x | 23.6x |
| Zscaler | United States of America | Cybersecurity | $201 | $30.5B | 10.4x | 40.1x |
| Gen Digital | United States of America | Cybersecurity | $24 | $22.7B | 4.8x | 9.4x |
| CyberArk Software | United States of America | Cybersecurity | $429 | $21.4B | 16.0x | 57.9x |
| Check Point Software | United States of America | Cybersecurity | $178 | $17.7B | 6.5x | 15.5x |
| CACI International | United States of America | IT Consulting, Cybersecurity | $623 | $16.7B | 1.9x | 16.3x |
| F5 | United States of America | Cybersecurity, Network Management | $283 | $15.1B | 4.9x | 13.2x |
| Okta | United States of America | Cybersecurity | $86 | $13.1B | 4.6x | 17.1x |
| Rubrik | United States of America | Cybersecurity | $58 | $11.1B | 8.9x | -318.8x |
| Qihoo 360 | China | Cybersecurity | CNY 12 | $9.1B | 7.8x | -191.5x |
| SailPoint | United States of America | Cybersecurity | $16 | $8.7B | 8.3x | 44.8x |
| Netskope | United States of America | Cybersecurity | $15 | $5.5B | N/A | N/A |
| Qualys | United States of America | Cybersecurity | $132 | $4.4B | 6.6x | 14.1x |
| SentinelOne | United States of America | Cybersecurity | $14 | $4.1B | 4.2x | 53.7x |
| QiAnXin | China | Cybersecurity | CNY 37 | $3.9B | 5.5x | -177.9x |
| CommVault Systems | United States of America | Data Infrastructure, IT Operations Management, Cybersecurity, Data Storage | $86 | $3.7B | 3.3x | 15.9x |
| Trend Micro | Japan | Cybersecurity | JPY 6050 | $3.6B | 2.1x | 7.0x |
| Varonis Systems | United States of America | Cybersecurity | $31 | $3.4B | 5.5x | 1048.6x |
| Cellebrite | United States of America | Cybersecurity, Public Sector & Non-Profit Software | $15 | $3.2B | 6.8x | 25.6x |
| Progress Software | United States of America | Cybersecurity, Developer Tools, Network Management | $41 | $3.1B | 3.1x | 8.0x |
| Clear Secure | United States of America | Cybersecurity, Airports & Aviation Services | $33 | $2.8B | 3.1x | 11.2x |
| Glory View Technology Co | China | Cybersecurity | CNY 112 | $2.7B | N/A | N/A |
| Tenable | United States of America | Cybersecurity, Vertical AI Applications | $22 | $2.6B | 2.6x | 11.3x |
| CloudWalk | China | Cybersecurity | CNY 16 | $2.3B | N/A | N/A |
| Venustech Group | China | Cybersecurity | CNY 14 | $2.3B | 6.3x | -349.9x |
| AvePoint | United States of America | Communication & Collaboration Software, Cybersecurity | $12 | $2.1B | 5.1x | 26.4x |
| BlackBerry | Canada | Cybersecurity | CAD 5 | $2.1B | 3.8x | 21.4x |
| CETC Cyberspace Security | China | Cybersecurity | CNY 19 | $2.0B | N/A | N/A |
| Jamf | United States of America | IT Operations Management, DevOps, Cybersecurity | $13 | $2.0B | 2.8x | 12.0x |
| Secunet | Germany | Cybersecurity, Public Sector & Non-Profit Software | €234 | $1.8B | 3.5x | 22.1x |
| Eastcompeace Tech Co | China | Cybersecurity | CNY 23 | $1.7B | N/A | N/A |
| NetScout Systems | United States of America | Network Management, Cybersecurity | $28 | $1.5B | 1.8x | 7.0x |
| Beijing VRV Software | China | Cybersecurity | CNY 7 | $1.4B | N/A | N/A |
| Rapid7 | United States of America | Cybersecurity | $12 | $1.3B | 1.6x | 8.2x |
| DPtech | China | Cybersecurity, Network Management | CNY 19 | $1.3B | N/A | N/A |
| Asiainfo Security | China | Network Management, Cybersecurity | CNY 20 | $1.2B | N/A | N/A |
| BeiJing Certificate | China | Cybersecurity | CNY 31 | $1.1B | N/A | N/A |
| A10 Networks | United States of America | Network Management, Cybersecurity | $17 | $1.1B | 3.9x | 14.0x |
| Tinexta | Italy | IT Consulting, Cybersecurity | €15 | $1.1B | 1.8x | 8.0x |
| NSFOCUS | China | Cybersecurity | CNY 8 | $983M | N/A | N/A |
| Feitian Technologies Co | China | Cybersecurity | CNY 16 | $939M | N/A | N/A |
| CANCOM | Germany | IT Consulting, Cloud Infrastructure, Cybersecurity | €28 | $924M | 0.5x | 7.5x |
| GB Group | United Kingdom of Great Britain and Northern Ireland | Cybersecurity | £2 | $862M | 2.2x | 9.0x |
| Radware | United States of America | Cybersecurity | $24 | $830M | 2.8x | N/A |
| DBAPPSecurity | China | Cybersecurity | CNY 56 | $792M | 2.6x | 41.3x |
| Itsec Asia | Indonesia | Cybersecurity | IDR 1725 | $688M | N/A | N/A |
| Red Violet | United States of America | BI & Analytics Software, Cybersecurity | $46 | $611M | 6.9x | 20.6x |
| NCC Group | United Kingdom of Great Britain and Northern Ireland | Cybersecurity | £1 | $600M | 1.4x | 10.2x |
| Sansec | China | Cybersecurity | CNY 42 | $592M | N/A | N/A |
| Guangdong Tecsun Science | China | Cybersecurity | CNY 10 | $580M | N/A | N/A |
| F-Secure | Finland | Cybersecurity | €2 | $567M | 3.3x | 9.4x |
| Yubico | Sweden | Cybersecurity | SEK 66 | $545M | 2.1x | 16.4x |
| BTQ Technologies | Canada | Cybersecurity | CAD 5 | $539M | N/A | N/A |
| Hillstone Networks Co | China | Cybersecurity | CNY 18 | $524M | N/A | N/A |
| Hunan Kylinsec Tech | China | Cybersecurity | CNY 42 | $518M | N/A | N/A |
| WebRAY Tech Group | China | Cybersecurity | CNY 48 | $485M | N/A | N/A |
| eMudhra | India | Cybersecurity | INR 534 | $467M | 6.4x | 27.0x |
| FFRI Security | Japan | Cybersecurity | JPY 9250 | $448M | 23.0x | N/A |
| Beijing Huaru Technology | China | Cybersecurity | CNY 23 | $437M | N/A | N/A |
| Mia Teknoloji | Turkey | Cybersecurity, IT Consulting | TRY 37 | $429M | N/A | N/A |
| Mitek Systems | United States of America | Cybersecurity, Governance, Risk & Compliance Software | $10 | $417M | 2.3x | 7.7x |
| Baudroie | Japan | IT Consulting, Cloud Infrastructure, Cybersecurity | JPY 2048 | $401M | 3.8x | 17.4x |
| OneSpan | United States of America | Cybersecurity | $12 | $371M | 1.5x | 5.3x |
| Riskified | United States of America | E-commerce Software, Cybersecurity | $4 | $368M | 1.1x | 15.3x |
| Telos | United States of America | Cybersecurity | $6 | $361M | 2.2x | 22.7x |
| Digital Arts | Japan | Cybersecurity, Public Sector & Non-Profit Software | JPY 5610 | $360M | 5.0x | N/A |
| WithSecure | Finland | Cybersecurity | €2 | $351M | 2.5x | 49.5x |
| Qoria | Australia | Cybersecurity | AUD 0 | $337M | 3.7x | 22.0x |
| Global Security Experts | Japan | Cybersecurity | JPY 2955 | $289M | 5.1x | N/A |
| Arqit Quantum | United States of America | Cybersecurity | $20 | $282M | 274.5x | -8.0x |
| AHNLAB | South Korea | Cybersecurity | KRW 66600 | $247M | N/A | N/A |
| WALLIX | France | Cybersecurity | €28 | $222M | 4.6x | 73.6x |
| Cy4gate | Italy | Cybersecurity | €8 | $190M | 1.7x | 9.2x |
| Hennge | Japan | Cybersecurity | JPY 1162 | $186M | 2.7x | N/A |
| SSH Communications Security | Finland | Cybersecurity | €3 | $186M | 7.1x | 78.4x |
| Enea | Sweden | Cybersecurity, Network Management, Networking Hardware | SEK 72 | $163M | 1.6x | 5.4x |
| Clavister Holding | Sweden | Cybersecurity | SEK 4 | $152M | 6.1x | 34.2x |
| Axgate Co | South Korea | Cybersecurity | KRW 7760 | $149M | N/A | N/A |
| Hancom | South Korea | Cybersecurity | KRW 6020 | $145M | N/A | N/A |
| TAC Infosec | India | Cybersecurity | INR 616 | $137M | N/A | N/A |
| Acer Cyber Security | Taiwan | Cybersecurity | TWD 163 | $124M | 1.6x | 20.1x |
| Micro Systemation | Sweden | Cybersecurity, Public Sector & Non-Profit Software | SEK 68 | $124M | N/A | N/A |
| Digimarc | United States of America | Design & Engineering Software, Cybersecurity | $6 | $124M | 3.7x | N/A |
| Elements | Japan | Cybersecurity | JPY 777 | $123M | N/A | N/A |
| CyberSolutions | Japan | Cybersecurity | JPY 1230 | $111M | N/A | N/A |
| Aton | South Korea | Cybersecurity | KRW 7480 | $111M | N/A | N/A |
| Intellicheck | United States of America | Cybersecurity, Governance, Risk & Compliance Software | $6 | $108M | 4.8x | 74.1x |
| Autocrypt Co | South Korea | Cybersecurity | KRW 15410 | $104M | 4.5x | N/A |
| Spectra Systems | United Kingdom of Great Britain and Northern Ireland | Financial Services Software, Cybersecurity | £1 | $102M | 1.9x | 3.6x |
| ESTsoft | South Korea | Cybersecurity | KRW 18000 | $99.6M | N/A | N/A |
| Cyber Security Cloud | Japan | Cybersecurity | JPY 1784 | $97.9M | N/A | N/A |
| Quick Heal | India | Cybersecurity, IT Consulting | INR 188 | $90.7M | N/A | N/A |
| Advenica | Sweden | Cybersecurity, Public Sector & Non-Profit Software, Network Management | SEK 20 | $90.1M | 4.0x | 22.1x |
| Gogolook | Taiwan | Consumer Apps, Cybersecurity | TWD 80 | $86.8M | N/A | N/A |
| Facephi Biometria | Spain | Cybersecurity | €2 | $86.5M | 2.0x | 19.8x |
| CSP | United States of America | IT Consulting, Cybersecurity, Electronic Equipment | $11 | $85.6M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of January 31, 2026. Financial data powered by Morningstar and FactSet.
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