🎉 M&A multiples are live!
Check it out!
...
companies tracked
...
cumulative enterprise value
...
median EV/NTM revenue multiple
...
median NTM/LTM revenue growth
This chart shows the weighted market cap evolution over time, indexed to 0% at the beginning of the period
Loading index data...
Data as of February 19, 2026. Index data powered by FactSet and Morningstar, S&P 500 data sourced from Yahoo Finance.
This chart shows the weighted median evolution over time of key valuation metrics
Loading key metrics data...
This chart shows the regression relationship between valuation metrics across companies in the index
Loading valuation benchmarks...
Data as of February 19, 2026. Companies with EV multiples above 50x and y-axis values above 300% are considered non-meaningful and excluded from calculation.
This chart shows company rankings by selected metric within the index
Loading rankings data...
Data as of February 19, 2026. Companies with EV multiples above 50x are considered non-meaningful and excluded from calculation.
Compare key metrics between companies in the index
| Comp 1 | Comp 2 | Comp 3 |
|---|
Data as of February 19, 2026.
This chart shows the cumulative sum of selected metrics across all companies in the index over time
Loading cumulative data...
Similar to NASDAQ 100 Index, 🚙 Multiples Automakers Index employs a modified market capitalization weighting scheme.
The weight process uses company-level weightss, which are derived using company enterprise value.
Company weights are evaluated based on two rules:
No company’s weight may exceed 24%.
The aggregate weight of the companies whose weights exceed 4.5% may not exceed 48%.
If neither rule is 'violated', then no adjustments are made. Only in cases where either or both of the rules are 'violated', weight adjustments are made according to a two-stage adjustment process.
If no company’s initial weight exceeds 24% of the Index, initial weights are used as Rule 1 weights without adjustment. Otherwise, initial weights are adjusted such that no company’s weight may exceed 20% of the Index.
If the aggregate weight of the companies whose Rule 1 weights exceeds 4.5% and does not exceed 48%, Rule 1 weights are used as the final weights. Otherwise, Rule 1 weights are adjusted such that:
If the two-stage rule process results in a 'violation' of the weighting rules as previously detailed, then the process is repeated until the company weights meet the rule system.
| Company | HQ | Stock Price | 1Y Perf. | Market Cap | EV/Revenue (LTM) | EV/Revenue (NTM) | Revenue Growth NTM/LTM | Gross Margin (NTM) | EBITDA Margin (NTM) | FCF Margin (NTM) | Rule of 40 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tesla | United States of America | USD 417 | +11.4% | $1566415.2074M | 16.2x | 14.3x | 13% | 17% | 15% | 3% | 28% |
| Toyota | Japan | JPY 3713 | +6.7% | $309938.22809464944M | 1.5x | 1.4x | 4% | 21% | 12% | 4% | 16% |
| Volkswagen | Germany | EUR 103 | +14.9% | $61695.060599192126M | 0.5x | 0.5x | 2% | 23% | 14% | 2% | 16% |
| Ford | United States of America | USD 14 | +32.5% | $56331.390176M | 1.0x | 1.0x | 2% | 21% | 7% | 2% | 9% |
| General Motors | United States of America | USD 81 | +52.7% | $73293.713521M | 1.0x | 0.9x | 1% | 18% | 10% | 6% | 11% |
| BMW | Germany | EUR 89 | +18.6% | $64481.16087195717M | 0.9x | 0.8x | 3% | 19% | 15% | 4% | 17% |
| Hyundai Motor | South Korea | KRW 445900 | +39.0% | $79468.0569136392M | 1.1x | 1.0x | 4% | 19% | 10% | 1% | 14% |
| Mercedes-Benz | Germany | EUR 58 | +11.7% | $60687.393374891246M | 0.8x | 0.8x | 1% | 21% | 12% | 3% | 13% |
| BYD | China | CNY 89 | +2.9% | $116816.52789266601M | 0.9x | 0.8x | 14% | 16% | 13% | 6% | 27% |
| Volvo Group | Sweden | SEK 344 | +10.1% | $78320.33404470929M | 1.8x | 1.8x | 2% | 23% | 16% | 7% | 17% |
| PACCAR | United States of America | USD 127 | +5.3% | $66725.8M | 2.9x | 2.7x | 5% | 14% | 13% | 10% | 18% |
| Renault | France | EUR 33 | -24.7% | $11315.99512961643M | 1.0x | 1.0x | 2% | 18% | 11% | 3% | 13% |
| Ferrari | Italy | EUR 322 | -22.7% | $67916.21829598848M | 8.2x | 7.7x | 6% | 51% | 39% | 19% | 45% |
| Daimler Truck | Germany | EUR 43 | +1.3% | $39277.10805017076M | 1.0x | 1.0x | 4% | 21% | 10% | 4% | 14% |
| Mahindra & Mahindra | India | INR 3533 | +23.3% | $46727.15077212337M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nissan | Japan | JPY 447 | -18.7% | $10007.398887221982M | 0.7x | 0.7x | 1% | 15% | 4% | -2% | 5% |
| Maruti Suzuki India | India | INR 15237 | +53.8% | $52772.75123321634M | 2.8x | 2.4x | 15% | 27% | 12% | 6% | 27% |
| Porsche | Germany | EUR 42 | -21.9% | $45326.766738000006M | 1.1x | 1.1x | 1% | 24% | 19% | 5% | 20% |
| Toyota Industries | Japan | JPY 20450 | +38.4% | $39352.71720496783M | 1.8x | 1.8x | 3% | 23% | 10% | 3% | 13% |
| Honda | Japan | JPY 1601 | +0.1% | $39911.71625358622M | 0.3x | 0.3x | 3% | 22% | 7% | 1% | 10% |
| Stellantis | Italy | EUR 7 | -24.9% | $22738.64892117621M | 0.2x | 0.2x | 5% | 8% | 9% | 1% | 14% |
| Bajaj Auto | India | INR 9762 | +6.1% | $30029.37877241981M | 5.1x | 4.5x | 13% | 29% | 20% | 15% | 33% |
| Kia | South Korea | KRW 164100 | +21.0% | $43439.35971727438M | 0.4x | 0.4x | 4% | 20% | 11% | 6% | 16% |
| Weichai Power | China | CNY 27 | +30.4% | $33787.202791435964M | 0.8x | 0.8x | 6% | 22% | 13% | 7% | 19% |
| Suzuki | Japan | JPY 2382 | +30.4% | $29431.369525172133M | 0.7x | 0.6x | 6% | 28% | 14% | 4% | 20% |
| Eicher Motors | India | INR 8065 | +51.7% | $24371.196050511706M | 9.9x | 8.6x | 15% | 42% | 25% | 19% | 40% |
| TVS Motor | India | INR 3864 | +57.0% | $20219.69511396489M | 5.0x | 4.3x | 16% | 26% | 13% | 7% | 29% |
| Rivian | United States of America | USD 18 | +48.2% | $22002.748958M | 4.2x | 3.3x | 28% | 1% | -26% | -53% | 2% |
| Geely Auto | Hong Kong | HKD 17 | +20.9% | $23507.934367734746M | 0.4x | 0.4x | 21% | 15% | 7% | 9% | 28% |
| Great Wall Motor | Hong Kong | HKD 21 | -6.7% | $22515.101979660598M | 0.7x | 0.6x | 19% | 19% | 9% | 5% | 28% |
| Seres Group | China | CNY 108 | -10.5% | $27157.896763438617M | 0.8x | 0.6x | 26% | 27% | 8% | 19% | 35% |
| Porsche SE | Germany | EUR 36 | +9.8% | $13075.778533125M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Hyundai Motors India | India | INR 2180 | +27.2% | $19508.612692069164M | 2.4x | 2.1x | 12% | 27% | 14% | 4% | 26% |
| Ashok Leyland | India | INR 205 | +62.4% | $13245.403918144275M | 4.0x | 3.7x | 9% | 27% | 13% | 8% | 22% |
| XPeng | Hong Kong | HKD 69 | +68.7% | $16929.596499028343M | 1.5x | 1.1x | 44% | 17% | 3% | 5% | 47% |
| Isuzu | Japan | JPY 2818 | +13.0% | $12400.691223823544M | 0.7x | 0.7x | 7% | 20% | 10% | 3% | 17% |
| Traton | Germany | EUR 31 | +9.2% | $18164.1306M | 0.3x | 0.3x | 4% | 21% | 14% | 5% | 18% |
| NIO | Hong Kong | HKD 40 | +17.1% | $12757.68385094373M | 1.1x | 0.7x | 48% | 15% | 0% | -1% | 48% |
| Ford Otosan | Turkey | TRY 129 | -1.1% | $10386.216533093491M | 0.7x | 0.5x | 29% | 3% | 7% | 4% | 36% |
| Hero MotoCorp | India | INR 5584 | +38.7% | $12308.198322482573M | 2.3x | 2.1x | 10% | 31% | 15% | 10% | 25% |
| Yamaha Motor Co | Japan | JPY 1185 | -17.4% | $7358.249689796247M | 0.7x | 0.6x | 5% | 33% | 10% | 1% | 15% |
| VinFast | United States of America | USD 3 | -17.1% | $7696.996704M | 3.3x | 2.1x | 54% | 0% | -17% | NaN% | 37% |
| Iveco Group | Italy | EUR 19 | +101.0% | $5984.0405898708605M | 0.6x | 0.5x | 8% | NaN% | 11% | 3% | 19% |
| BAIC BluePark New Energy | China | CNY 8 | +0.4% | $7541.623932948375M | 2.0x | 1.1x | 90% | 3% | 0% | NaN% | 91% |
| Guangzhou Automobile Group | China | CNY 7 | -8.9% | $9702.808451645926M | 0.6x | 0.5x | 22% | -4% | 3% | -9% | 25% |
| BRP | Canada | CAD 109 | +32.6% | $5891.71038342083M | 1.3x | 1.2x | 6% | 24% | 14% | 6% | 20% |
| Li Auto | Hong Kong | HKD 72 | -31.5% | $18656.4825611587M | 0.4x | 0.3x | 25% | 20% | 5% | 3% | 30% |
| SAIC Motor | China | CNY 14 | -26.7% | $23777.60708599949M | 0.1x | 0.1x | 7% | 11% | 6% | 2% | 13% |
| Polestar | United States of America | USD 17 | -32.2% | $1554.994576M | 2.2x | 1.5x | 44% | 0% | -13% | NaN% | 31% |
| Thor Industries | United States of America | USD 115 | +7.3% | $6065.35024M | 0.7x | 0.7x | 2% | 15% | 7% | 3% | 9% |
| Chongqing Changan | China | CNY 10 | -10.1% | $14079.49696224608M | 0.2x | 0.2x | 13% | 16% | 6% | 7% | 20% |
| Leapmotor Technology | Hong Kong | HKD 45 | +50.7% | $8237.330065386797M | 0.6x | 0.4x | 58% | 13% | 4% | 4% | 62% |
| Volvo Cars | Sweden | SEK 25 | +28.0% | $8294.956287370778M | 0.1x | 0.1x | 2% | 19% | 12% | 2% | 14% |
| Subaru | Japan | JPY 3165 | +20.3% | $14501.560373540638M | 0.2x | 0.2x | 4% | 18% | 9% | 3% | 13% |
| Polaris | United States of America | USD 66 | +9.8% | $3702.265278M | 0.7x | 0.7x | 0% | 20% | 7% | 3% | 7% |
| Mitsubishi Motors | Japan | JPY 444 | -30.3% | $3805.6453858284226M | 0.2x | 0.2x | 3% | 16% | 6% | 0% | 9% |
| Tofas Turk Otomobil | Turkey | TRY 339 | +20.4% | $3883.296890379748M | 0.6x | 0.4x | 45% | 14% | 5% | 2% | 50% |
| Lucid | United States of America | USD 10 | -65.0% | $3332.451737M | 2.9x | 1.6x | 87% | -18% | -79% | -131% | 8% |
| Mazda | Japan | JPY 1363 | +12.5% | $5506.156905772459M | 0.1x | 0.1x | 3% | 21% | 4% | 0% | 7% |
| Hino Motors | Japan | JPY 466 | -31.8% | $1713.1922700637779M | 0.4x | 0.3x | 2% | 17% | 8% | 4% | 10% |
| NFI Group | Canada | CAD 18 | +10.9% | $1569.8241525441201M | 0.8x | 0.6x | 18% | 14% | 9% | 3% | 27% |
| Aston Martin Lagonda | United Kingdom of Great Britain and Northern Ireland | GBP 1 | -40.4% | $876.46756103478M | 1.5x | 1.1x | 30% | 41% | 22% | -3% | 52% |
| Delek Automotive Systems | Israel | ILS 21 | -13.6% | $660.5460117861616M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lotus Technology | United States of America | USD 1 | -60.9% | $753.362925M | 3.4x | 1.3x | 156% | NaN% | -8% | NaN% | 148% |
| Harley-Davidson | United States of America | USD 20 | -32.0% | $2412.456842M | 0.6x | 0.6x | 4% | 28% | 10% | 6% | 14% |
| Otokar Otomotiv | Turkey | TRY 469 | +0.3% | $1291.296596694666M | 1.5x | 1.1x | 32% | NaN% | 9% | 13% | 41% |
| WeRide | United States of America | USD 8 | -37.5% | $2636.451734M | 21.1x | 10.2x | 106% | 33% | -104% | -221% | 1% |
| Blue Bird Corp. | United States of America | USD 60 | +21.7% | $1897.725553M | 1.2x | 1.1x | 3% | 21% | 14% | 5% | 17% |
| Marcopolo | Brazil | BRL 6 | -4.1% | $1483.3238056802993M | 1.0x | 0.9x | 6% | 20% | 17% | 10% | 23% |
| Ferretti | Italy | EUR 4 | +9.2% | $1542.29847340569M | 0.9x | 0.9x | 5% | 41% | 16% | 7% | 22% |
| Sanlorenzo | Italy | EUR 33 | -6.9% | $1405.28163934059M | 1.2x | 1.2x | 2% | 70% | 18% | 10% | 20% |
| Piaggio | Italy | EUR 2 | -16.4% | $729.5967935909399M | 0.7x | 0.7x | 6% | NaN% | 17% | 6% | 22% |
| Immsi | Italy | EUR 1 | +4.4% | $223.74561789359998M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Anadolu Isuzu Otomotiv | Turkey | TRY 66 | -13.7% | $381.60705394857297M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lion Electric | United States of America | USD 0 | -99.1% | $2.940828M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Toyota Caetano Portugal | Portugal | EUR 7 | +18.3% | $274.96161M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Auto Italia Holdings | Hong Kong | HKD 0 | -19.4% | $265.04110129243475M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| KABE Group | Sweden | SEK 200 | -29.3% | $201.7769826270018M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Novamarine | Italy | EUR 10 | +121.9% | $150.2706264345M | 4.4x | 3.8x | 15% | NaN% | 25% | -1% | 40% |
| Ebusco Holding | Netherlands | EUR 0 | -64.6% | $34.26007019787M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nimbus Group | Sweden | SEK 14 | -32.5% | $66.66543223992628M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Workhorse | United States of America | USD 4 | -95.1% | $31.678444M | 6.5x | 8.1x | -20% | -36% | -204% | NaN% | -224% |
| Pininfarina | Italy | EUR 1 | +21.9% | $80.33218763229M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Carlo Gavazzi Holding | Switzerland | CHF 162 | -11.7% | $149.59057111910312M | NaNx | 0.3x | NaN% | NaN% | 15% | NaN% | NaN% |
| Xos Trucks | United States of America | USD 2 | -44.1% | $25.38859M | 0.7x | 0.6x | 24% | 18% | -15% | -7% | 9% |
| Bellini Nautica | Italy | EUR 3 | -18.1% | $21.94545384405M | 0.9x | 0.6x | 51% | 26% | 13% | 4% | 64% |
| Tenax International | Italy | EUR 1 | -34.2% | $5.656155528539999M | 0.9x | 0.7x | 25% | NaN% | 8% | NaN% | 33% |
| Garin | Poland | PLN 2 | +13.3% | $9.638908858308945M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zoomability Int | Sweden | SEK 2 | +108.1% | $4.923105482280618M | 7.8x | 3.6x | 117% | NaN% | -33% | NaN% | 84% |
| Nilsson Special Vehicles | Sweden | SEK 3 | -22.8% | $1.4520377233278854M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Triggo | Poland | PLN 1 | -12.7% | $1.8594141821248846M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Clean Motion | Sweden | SEK 0 | -57.2% | $1.9814116317704584M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Next e GO | United States of America | n/a | +0.0% | $0.009438M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
Stock prices as of February 19, 2026. Rule of 40 and revenue per FTE data is based on the last fiscal year. Financial data powered by Morningstar and FactSet.
Tracks top 100 publicly traded Chinese tech companies across software, consumer, semiconductors, fintech, and more
Explore indexTracks key publicly traded online dating and matchmaking companies
Explore indexTracks medical device manufacturers with market cap above $1B, across all device categories
Explore indexTracks public DefenseTech companies across cybersecurity, weapons systems, autonomous tech, space technologies, etc.
Explore indexTracks all European large cap tech companies (with market cap above $10B)
Explore indexTracks key publicly listed B2B SaaS companies headquartered in Europe
Explore indexTracks public AI companies across big tech AI conglomerates, chipmakers, robotics, autonomous AI, pure-play AI software, and vertical AI applications
Explore indexTracks publicly listed cybersecurity companies across network security, endpoint protection, identity management, cloud security, etc.
Explore indexTracks publicly traded food delivery companies across restaurant delivery, quick commerce, ghost kitchens, meal kits, grocery delivery, etc.
Explore indexTracks key publicly traded telecom service providers across the globe
Explore indexTracks public cloud infrastructure companies across data & cloud infra, DevOps, developer tools, observability, etc.
Explore indexTracks 100 largest publicly traded Saudi Arabian companies across all sectors
Explore indexTracks publicly listed consumer subscription software (SaaS) companies, across all verticals (e.g. streaming, mobile apps, etc.)
Explore indexTracks world's biggest and most impactful publicly listed tech companies
Explore indexTracks key publicly traded semiconductor manufacturers and chipmakers
Explore indexTracks publicly listed female tech (FemTech) companies that focus on women's health, wellness, and personal care
Explore indexTracks world's biggest and most impactful publicly traded console, PC and mobile gaming companies
Explore indexTracks key publicly traded social networking and online community companies across the world
Explore indexTracks key publicly traded EV manufacturers, battery manufacturers, and EV charging companies
Explore indexTracks publicly listed online classifieds companies across horizontal and vertical platforms (real estate, automotive, jobs, etc.)
Explore indexTracks public digital health companies across DTx, healthcare IT, healthcare software, telemedicine, fitness & wellness
Explore indexTracks all publicly traded online marketplaces across verticals (delivery, ridesharing etc.) and business models (classifieds, B2B, C2C etc.)
Explore indexTracks all publicly traded airlines across all verticals (network carriers, low-cost carriers, regional airlines, cargo airlines, charter services, etc.)
Explore indexTracks publicly traded travel tech companies across both B2C (OTAs, metasearch, etc.) and B2B (travel management systems, B2B travel, etc.)
Explore indexTracks all publicly traded tech companies operating across Latin American markets
Explore indexGet access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
