🎉 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 January 5, 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 January 5, 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 January 5, 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 January 5, 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 438 | +11.4% | $1456941.602487M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Toyota | Japan | JPY 3356 | +6.7% | $279619.563606654M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Volkswagen | Germany | EUR 106 | +14.9% | $62559.79054033758M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| General Motors | United States of America | USD 81 | +52.7% | $75543.108316M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ford | United States of America | USD 13 | +32.5% | $53153.210869M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| BMW | Germany | EUR 96 | +18.6% | $68864.21041585295M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Mercedes-Benz | Germany | EUR 62 | +11.7% | $70045.67553504612M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Hyundai Motor | South Korea | KRW 279029 | +39.0% | $50437.34007027226M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| BYD | China | CNY 93 | +3.0% | $121008.75019580396M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Volvo Group | Sweden | SEK 298 | +10.1% | $65849.95038424143M | 1.7x | 1.6x | 2% | 23% | 16% | 7% | 17% |
| Renault | France | EUR 36 | -24.7% | $12377.04941166372M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ferrari | Italy | EUR 316 | -22.7% | $65864.8359203601M | 8.1x | 7.6x | 7% | 51% | 39% | 19% | 45% |
| PACCAR | United States of America | USD 112 | +5.3% | $58591.79829M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Mahindra & Mahindra | India | INR 3802 | +23.3% | $50830.57864132507M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Maruti Suzuki India | India | INR 16960 | +53.8% | $59399.282379354976M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Porsche | Germany | EUR 48 | -21.9% | $50935.751832M | 1.2x | 1.2x | 1% | 23% | 19% | 5% | 20% |
| Daimler Truck | Germany | EUR 37 | +1.3% | $33723.357774664444M | 0.9x | 0.9x | 3% | 20% | 10% | 4% | 13% |
| Nissan | Japan | JPY 390 | -18.7% | $8717.726179678331M | 0.6x | 0.6x | 1% | 14% | 4% | -2% | 5% |
| Polestar | United States of America | USD 20 | -32.2% | $41983.173806M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Stellantis | Italy | EUR 10 | -24.9% | $32964.48138436512M | 0.2x | 0.2x | 5% | 8% | 9% | 1% | 14% |
| Toyota Industries | Japan | JPY 17800 | +38.4% | $34191.25173706825M | 1.6x | 1.6x | 3% | 23% | 10% | 3% | 13% |
| Honda | Japan | JPY 1536 | +0.1% | $38222.02522739688M | 0.3x | 0.3x | 3% | 22% | 7% | 1% | 10% |
| Bajaj Auto | India | INR 9501 | +6.1% | $29551.657015519973M | 5.0x | 4.4x | 13% | 29% | 20% | 15% | 33% |
| Suzuki | Japan | JPY 2335 | +30.4% | $28792.288052718162M | 0.7x | 0.6x | 6% | 28% | 14% | 4% | 20% |
| Geely Auto | Hong Kong | HKD 18 | +20.9% | $25064.78826663891M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Great Wall Motor | Hong Kong | HKD 22 | -6.7% | $24683.835925090698M | 0.7x | 0.6x | 19% | 19% | 9% | 5% | 28% |
| TVS Motor | India | INR 3855 | +57.0% | $20395.83206330703M | 4.9x | 4.3x | 16% | 26% | 13% | 7% | 29% |
| Rivian | United States of America | USD 19 | +48.2% | $23794.973562M | 4.3x | 3.3x | 28% | 1% | -25% | -52% | 3% |
| Seres Group | China | CNY 119 | -10.4% | $29741.80459387998M | 0.9x | 0.7x | 28% | 27% | 8% | 18% | 36% |
| Eicher Motors | India | INR 7334 | +51.7% | $22411.16173488767M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Porsche SE | Germany | EUR 40 | +9.8% | $14561.76414M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Hyundai Motors India | India | INR 2268 | +27.2% | $20527.615105273268M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| XPeng | Hong Kong | HKD 80 | +68.7% | $19700.905320928847M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Kia | South Korea | KRW 120600 | +21.0% | $32379.493919074677M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ashok Leyland | India | INR 189 | +62.4% | $12373.255317175011M | 3.8x | 3.5x | 9% | 27% | 13% | 8% | 22% |
| Weichai Power | China | CNY 17 | +30.5% | $21361.46335996361M | 0.5x | 0.4x | 6% | 22% | 13% | 7% | 19% |
| Traton | Germany | EUR 31 | +9.2% | $17924.7012M | 0.3x | 0.3x | 4% | 21% | 14% | 5% | 18% |
| NIO | Hong Kong | HKD 41 | +17.1% | $13376.982276800945M | 1.1x | 0.8x | 47% | 15% | 0% | -5% | 47% |
| Isuzu | Japan | JPY 2440 | +13.0% | $10759.394512034529M | 0.6x | 0.6x | 7% | 20% | 10% | 3% | 17% |
| Hero MotoCorp | India | INR 5933 | +38.7% | $13223.632871201267M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| VinFast | United States of America | USD 3 | -17.1% | $7907.552844M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Yamaha Motor Co | Japan | JPY 1160 | -17.4% | $7186.881917740194M | 0.7x | 0.6x | 5% | 33% | 10% | 1% | 15% |
| Iveco Group | Italy | EUR 19 | +101.0% | $5887.955221803841M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ford Otosan | Turkey | TRY 96 | -1.1% | $7810.349138735864M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Volvo Cars | Sweden | SEK 33 | +28.0% | $10559.473233283377M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Guangzhou Automobile Group | China | CNY 7 | -8.9% | $10097.012888603253M | 0.6x | 0.5x | 22% | -4% | 3% | -9% | 25% |
| SAIC Motor | China | CNY 15 | -26.7% | $25005.806116992913M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Chongqing Changan | China | CNY 11 | -10.0% | $14923.267570726508M | 0.3x | 0.3x | 13% | 16% | 6% | 7% | 20% |
| BRP | Canada | CAD 99 | +32.6% | $5280.320484569541M | 1.2x | 1.1x | 6% | 24% | 14% | 6% | 20% |
| Leapmotor Technology | Hong Kong | HKD 50 | +50.7% | $9055.514719180204M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| BAIC BluePark New Energy | China | CNY 8 | +0.4% | $6396.619900735229M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Li Auto | Hong Kong | HKD 68 | -31.5% | $17722.659386361927M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Thor Industries | United States of America | USD 105 | +7.3% | $5570.780345M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Harley-Davidson | United States of America | USD 21 | -32.0% | $2438.448052M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Subaru | Japan | JPY 3395 | +20.3% | $15604.614509593317M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Polaris | United States of America | USD 66 | +9.8% | $3739.389177M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lucid | United States of America | USD 11 | -65.0% | $3614.478295M | 3.1x | 1.7x | 87% | -17% | -77% | -129% | 8% |
| Mitsubishi Motors | Japan | JPY 371 | -30.3% | $3174.1894454412964M | 0.2x | 0.2x | 3% | 16% | 6% | 0% | 9% |
| Mazda | Japan | JPY 1219 | +12.5% | $4915.526099635344M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Hino Motors | Japan | JPY 386 | -31.8% | $1416.5146813708864M | 0.3x | 0.3x | 2% | 17% | 8% | 4% | 10% |
| Tofas Turk Otomobil | Turkey | TRY 259 | +20.4% | $3012.084658262553M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| REV Group | United States of America | USD 62 | +90.8% | $3040.134772M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Aston Martin Lagonda | United Kingdom of Great Britain and Northern Ireland | GBP 1 | -40.4% | $879.6649857867001M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| NFI Group | Canada | CAD 16 | +10.9% | $1399.8334745836821M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lotus Technology | United States of America | USD 1 | -60.9% | $963.761579M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Delek Automotive Systems | Israel | ILS 25 | -13.6% | $763.0396581255786M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| PIERER Mobility | Switzerland | CHF 14 | -26.0% | $585.2929086766678M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| WeRide | United States of America | USD 9 | -37.5% | $3081.913713M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Otokar Otomotiv | Turkey | TRY 481 | +0.3% | $1343.8262915935425M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Marcopolo | Brazil | BRL 6 | -4.0% | $1304.1811663273468M | 0.9x | 0.8x | 6% | 20% | 17% | 10% | 23% |
| Piaggio | Italy | EUR 2 | -16.4% | $765.10776701862M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Blue Bird Corp. | United States of America | USD 47 | +21.7% | $1482.991482M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Immsi | Italy | EUR 1 | +4.4% | $225.5962486104M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Sanlorenzo | Italy | EUR 30 | -6.9% | $1258.8849800057399M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ferretti | Italy | EUR 3 | +9.2% | $1212.64490905428M | 0.7x | 0.7x | 5% | 41% | 16% | 7% | 22% |
| Anadolu Isuzu Otomotiv | Turkey | TRY 59 | -13.7% | $344.10055133663224M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lion Electric | United States of America | USD 0 | -99.1% | $0.610787M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Toyota Caetano Portugal | Portugal | EUR 6 | +18.3% | $265.170465M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| KABE Group | Sweden | SEK 223 | -29.3% | $217.78756114909177M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Auto Italia Holdings | Hong Kong | HKD 0 | -19.4% | $117.44306109208067M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Novamarine | Italy | EUR 8 | +121.9% | $115.2549771165M | 3.4x | 3.0x | 15% | NaN% | 25% | 0% | 40% |
| Ebusco Holding | Netherlands | EUR 0 | -64.6% | $40.80661712202M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Workhorse | United States of America | USD 6 | -95.1% | $48.925598M | 8.1x | 10.0x | -19% | -36% | -204% | NaN% | -224% |
| Pininfarina | Italy | EUR 1 | +21.9% | $79.27329371058M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Carlo Gavazzi Holding | Switzerland | CHF 162 | -11.7% | $145.38667719371796M | NaNx | 0.3x | NaN% | NaN% | 15% | NaN% | NaN% |
| Nimbus Group | Sweden | SEK 11 | -32.5% | $49.378458553477316M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Xos Trucks | United States of America | USD 2 | -44.1% | $22.328358M | 0.7x | 0.5x | 24% | 18% | -15% | -7% | 9% |
| Bellini Nautica | Italy | EUR 3 | -18.1% | $19.033460256599998M | 0.8x | 0.5x | 50% | 26% | 13% | 4% | 63% |
| Tenax International | Italy | EUR 2 | -34.2% | $7.05271918272M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| ECD Automotive Design | United States of America | USD 0 | -99.8% | $2.901577M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Garin | Poland | PLN 2 | +13.3% | $8.428086196336098M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zoomability Int | Sweden | SEK 2 | +108.1% | $5.676299928002314M | 9.2x | 4.3x | 114% | NaN% | -33% | NaN% | 81% |
| Nilsson Special Vehicles | Sweden | SEK 2 | -22.8% | $1.2556406162653866M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Triggo | Poland | PLN 1 | -12.7% | $1.596120329639735M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Clean Motion | Sweden | SEK 0 | -57.2% | $1.9381234270898362M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Next e GO | United States of America | USD 0 | +0.0% | $0.009438M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
Stock prices as of January 5, 2026. Rule of 40 and revenue per FTE data is based on the last fiscal year. Financial data powered by Morningstar and FactSet.
Tracks world's biggest and most impactful publicly listed tech companies
Explore indexTracks medical device manufacturers with market cap above $1B, across all device categories
Explore indexTracks key publicly traded social networking and online community companies across the world
Explore indexTracks public digital health companies across DTx, healthcare IT, healthcare software, telemedicine, fitness & wellness
Explore indexTracks all publicly traded airlines across all verticals (network carriers, low-cost carriers, regional airlines, cargo airlines, charter services, etc.)
Explore indexTracks key publicly traded telecom service providers across the globe
Explore indexTracks publicly listed female tech (FemTech) companies that focus on women's health, wellness, and personal care
Explore indexTracks public DefenseTech companies across cybersecurity, weapons systems, autonomous tech, space technologies, etc.
Explore indexTracks key publicly traded EV manufacturers, battery manufacturers, and EV charging companies
Explore indexTracks public cloud infrastructure companies across data & cloud infra, DevOps, developer tools, observability, etc.
Explore indexTracks top 100 publicly traded Chinese tech companies across software, consumer, semiconductors, fintech, and more
Explore indexTracks public AI companies across big tech AI conglomerates, chipmakers, robotics, autonomous AI, pure-play AI software, and vertical AI applications
Explore indexTracks key publicly listed B2B SaaS companies headquartered in Europe
Explore indexTracks publicly traded food delivery companies across restaurant delivery, quick commerce, ghost kitchens, meal kits, grocery delivery, etc.
Explore indexTracks publicly listed consumer subscription software (SaaS) companies, across all verticals (e.g. streaming, mobile apps, etc.)
Explore indexTracks key publicly traded semiconductor manufacturers and chipmakers
Explore indexTracks all European large cap tech companies (with market cap above $10B)
Explore indexTracks all publicly traded tech companies operating across Latin American markets
Explore indexTracks world's biggest and most impactful publicly traded console, PC and mobile gaming companies
Explore indexTracks publicly listed cybersecurity companies across network security, endpoint protection, identity management, cloud security, etc.
Explore indexTracks 100 largest publicly traded Saudi Arabian companies across all sectors
Explore indexTracks key publicly traded online dating and matchmaking companies
Explore indexTracks all publicly traded online marketplaces across verticals (delivery, ridesharing etc.) and business models (classifieds, B2B, C2C etc.)
Explore indexTracks publicly traded travel tech companies across both B2C (OTAs, metasearch, etc.) and B2B (travel management systems, B2B travel, etc.)
Explore indexTracks publicly listed online classifieds companies across horizontal and vertical platforms (real estate, automotive, jobs, etc.)
Explore indexGet access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
