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companies tracked
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cumulative enterprise value
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median EV/NTM revenue multiple
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median NTM/LTM revenue growth
This chart shows the weighted market cap evolution over time, indexed to 0% at the beginning of the period
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Data as of December 15, 2025. 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
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This chart shows the regression relationship between valuation metrics across companies in the index
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Data as of December 15, 2025. 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
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Data as of December 15, 2025. 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 |
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Data as of December 15, 2025.
This chart shows the cumulative sum of selected metrics across all companies in the index over time
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Similar to NASDAQ 100 Index, 📱 Multiples Consumer SaaS 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Netflix | United States of America | USD 95 | +21.3% | $403785.473879M | 9.1x | 8.1x | 13% | 51% | 34% | 23% | 44% |
| Spotify | United States of America | USD 598 | +25.6% | $123083.442167M | 5.8x | 5.0x | 15% | 34% | 16% | 18% | 28% |
| NetEase | Hong Kong | HKD 218 | +59.2% | $88875.64608051632M | 4.3x | 4.0x | 8% | 64% | 35% | 33% | 43% |
| Baidu | Hong Kong | HKD 126 | +40.0% | $44539.98242267261M | 2.2x | 2.1x | 5% | 44% | 19% | 13% | 22% |
| Tencent Music | Hong Kong | HKD 72 | +62.6% | $28501.034208797333M | 5.7x | 5.0x | 13% | 44% | 34% | 32% | 49% |
| Sirius XM | United States of America | USD 22 | -21.1% | $7320.215583M | 2.0x | 2.0x | 0% | 56% | 31% | 17% | 31% |
| News Corp | United States of America | USD 27 | -11.0% | $15252.287778M | 1.9x | 1.8x | 3% | 25% | 18% | 9% | 21% |
| Roku | United States of America | USD 107 | +40.2% | $15878.882829M | 3.0x | 2.7x | 13% | 44% | 11% | 12% | 22% |
| Kakao | South Korea | KRW 59800 | +46.3% | $17822.678784616455M | 2.5x | 2.3x | 9% | NaN% | 19% | 13% | 28% |
| Match Group | United States of America | USD 33 | +1.7% | $7835.169572M | 3.1x | 3.0x | 3% | 74% | 38% | 27% | 38% |
| Dropbox | United States of America | USD 28 | +8.0% | $7092.115352M | 3.7x | 3.8x | -1% | 82% | 47% | 39% | 46% |
| Duolingo | United States of America | USD 196 | -45.0% | $9073.505631M | 7.9x | 6.4x | 23% | 73% | 31% | 38% | 52% |
| Kunlun | China | CNY 41 | -5.7% | $7234.984226839456M | 6.1x | 5.1x | 19% | 73% | 0% | NaN% | 11% |
| Life360 | United States of America | USD 68 | +61.4% | $5297.523001M | 10.8x | 8.2x | 32% | 80% | 21% | 16% | 50% |
| Box | United States of America | USD 30 | -15.8% | $4315.454156M | 4.1x | 3.8x | 8% | 82% | 31% | 28% | 36% |
| Meitu | Hong Kong | HKD 8 | +196.6% | $4401.843779941536M | 7.3x | 5.8x | 25% | 74% | 35% | 31% | 57% |
| NetEase Cloud Music | Hong Kong | HKD 195 | +63.7% | $5302.898137091455M | 3.3x | 3.0x | 10% | 39% | 23% | 26% | 31% |
| IAC | United States of America | USD 39 | -25.9% | $2989.689828M | 1.4x | 1.5x | -5% | 67% | 14% | 7% | 7% |
| ProSiebenSat.1 Media | Germany | EUR 5 | +5.5% | $1244.4971498235002M | 0.8x | 0.8x | 1% | 33% | 12% | 2% | 13% |
| iQIYI | United States of America | USD 2 | +1.4% | $1877.769753M | 0.9x | 0.9x | 3% | 23% | 4% | -1% | 5% |
| Grindr | United States of America | USD 13 | -15.0% | $2453.269126M | 6.3x | 5.2x | 22% | 74% | 41% | NaN% | 66% |
| Stride | United States of America | USD 64 | -40.6% | $2828.881441M | 1.1x | 1.0x | 5% | 39% | 24% | 15% | 27% |
| COL Group | China | CNY 24 | -10.8% | $2520.579430801334M | 10.7x | 9.6x | 12% | 49% | 1% | NaN% | -10% |
| Rumble | United States of America | USD 7 | -4.6% | $2376.889833M | 21.0x | 13.0x | 61% | 18% | 28% | 2% | -14% |
| Wondershare | China | CNY 69 | +19.2% | $1894.4493382330845M | 8.0x | 6.9x | 16% | 93% | 9% | NaN% | 20% |
| East Buy | Hong Kong | HKD 19 | +33.2% | $2546.4661334956645M | 2.8x | 2.5x | 13% | NaN% | 9% | NaN% | 19% |
| Alef Education | United Arab Emirates | AED 1 | -18.8% | $1825.7058068704M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| MNC Digital Entertainment | Indonesia | IDR 434 | -57.3% | $1580.3552821479009M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Youdao | United States of America | USD 9 | +49.9% | $1078.514625M | 1.5x | 1.3x | 14% | 45% | 7% | NaN% | 18% |
| Opera | United States of America | USD 14 | -31.9% | $1279.277759M | 2.0x | 1.7x | 15% | 66% | 23% | 19% | 38% |
| Webtoon | United States of America | USD 12 | +13.3% | $1631.955636M | 0.8x | 0.7x | 12% | 29% | 2% | -2% | 13% |
| FuboTV | United States of America | USD 3 | +88.8% | $911.646661M | 0.6x | 0.5x | 26% | NaN% | 4% | 5% | 28% |
| Ireader | China | CNY 20 | +3.3% | $1219.330682931506M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Truecaller | Sweden | SEK 23 | -49.1% | $842.3811539706866M | 3.6x | 3.2x | 10% | 77% | 37% | 25% | 45% |
| Bumble | United States of America | USD 3 | -59.1% | $382.185125M | 0.7x | 0.8x | -11% | 71% | 28% | 21% | 20% |
| Storytel | Sweden | SEK 76 | +30.4% | $635.0754971183112M | 1.5x | 1.4x | 9% | 45% | 20% | 13% | 28% |
| Strive | United States of America | USD 1 | NaN% | $750.495932M | NaNx | 81.6x | NaN% | NaN% | NaN% | NaN% | n/a |
| Coursera | United States of America | USD 8 | +0.0% | $1344.512M | 0.8x | 0.8x | 6% | 56% | 9% | 12% | 14% |
| Cover | Japan | JPY 1543 | -37.2% | $650.3465207765809M | 1.7x | 1.4x | 21% | 50% | 20% | 11% | 40% |
| Fenbi | Hong Kong | HKD 3 | +19.5% | $740.5074992720548M | 1.5x | 1.4x | 8% | 55% | 13% | NaN% | 21% |
| Skillsoft | United States of America | USD 6 | -34.7% | $53.514526M | 1.1x | 1.1x | -1% | 74% | 22% | 3% | 20% |
| Dear U | South Korea | KRW 33600 | -7.1% | $540.4194392462409M | 7.8x | 6.5x | 20% | NaN% | 49% | 46% | 60% |
| Udemy | United States of America | USD 5 | -36.2% | $768.478016M | 0.5x | 0.5x | 2% | 68% | 12% | 10% | 14% |
| Yalla Group | United States of America | USD 7 | +61.9% | $1109.052404M | 1.1x | 1.0x | 9% | 67% | 38% | 43% | 47% |
| City Pulse Multiventures | India | INR 2992 | +205.5% | $352.4302943576307M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| VNG Corp. | Viet Nam | VND 363000 | -6.3% | $405.46926091254755M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| MegaStudyEdu | South Korea | KRW 44600 | +9.8% | $313.020652829132M | 0.5x | 0.5x | 3% | 57% | 23% | 18% | 26% |
| Gaotu Techedu | United States of America | USD 2 | -17.4% | $576.083684M | 0.4x | 0.3x | 17% | 70% | 0% | 3% | 10% |
| Bemobi | Brazil | BRL 24 | +86.3% | $378.194868817167M | 2.2x | 2.0x | 11% | 73% | 34% | NaN% | 45% |
| Jiangsu Chuanzhiboke | China | CNY 6 | -40.5% | $358.23817159626134M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| CuriosityStream | United States of America | USD 5 | +162.8% | $269.339102M | 3.5x | 3.2x | 9% | 55% | 16% | 17% | 22% |
| GD Culture Group | United States of America | USD 4 | +82.4% | $217.220934M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Xunlei | United States of America | USD 7 | +266.1% | $416.153519M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| IBJ Inc. | Japan | JPY 769 | +23.5% | $186.97617751729976M | 1.4x | 1.1x | 26% | 85% | 19% | 16% | 48% |
| 51 Talk | United States of America | USD 36 | +218.2% | $213.577861M | NaNx | 1.1x | NaN% | NaN% | NaN% | NaN% | n/a |
| Mono Next | Thailand | THB 1 | -55.5% | $132.10481590098993M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| SOOP | South Korea | KRW 69800 | -37.4% | $503.9954409843515M | 0.5x | 0.5x | 7% | 97% | 30% | 23% | 38% |
| HUYA | United States of America | USD 3 | -11.5% | $697.02549M | 0.2x | 0.2x | 11% | 15% | 3% | 5% | 11% |
| Audioboom Group | United Kingdom of Great Britain and Northern Ireland | GBP 6 | +148.6% | $153.826919904M | 1.8x | 1.6x | 13% | NaN% | 8% | NaN% | 19% |
| Media Matrix Worldwide | India | INR 11 | -40.1% | $135.11208814064366M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Huanxi Media Group | Hong Kong | HKD 0 | -34.7% | $143.3449961772149M | 32.9x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Sunfun Info | Taiwan | TWD 30 | +2.9% | $287.88757455300004M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Deezer | France | EUR 1 | -20.1% | $153.351279756M | 0.2x | 0.2x | 8% | 25% | 1% | 3% | 7% |
| Nerdy | United States of America | USD 1 | -15.2% | $165.96715M | 0.6x | 0.6x | 4% | 64% | -1% | -3% | -8% |
| Keep Inc. | Hong Kong | HKD 4 | -36.9% | $253.59132319507998M | 0.4x | 0.4x | 14% | 54% | 2% | NaN% | 12% |
| Meb Corporation | Thailand | THB 16 | -41.3% | $156.041864904M | 1.6x | 1.5x | 6% | 35% | 24% | 0% | 31% |
| 3P Learning | Australia | AUD 1 | -21.0% | $112.5701192079M | 1.5x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| I-Scream Media | South Korea | KRW 17500 | +34.7% | $149.92064123169698M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Gaia | United States of America | USD 4 | -37.2% | $101.179125M | 1.0x | 0.9x | 11% | 86% | 17% | 2% | 27% |
| Skolon | Sweden | SEK 34 | -5.1% | $97.97793943056965M | 4.4x | 3.2x | 40% | 30% | 7% | 10% | 41% |
| Polaris Office | South Korea | KRW 4690 | -25.5% | $157.88021827985406M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Gogolook | Taiwan | TWD 80 | -46.0% | $90.63462907927124M | 3.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Chegg | United States of America | USD 1 | -54.2% | $100.531259M | 0.2x | 0.3x | -33% | 57% | 21% | 16% | -12% |
| LiveOne | United States of America | USD 5 | -53.0% | $59.0705M | 0.8x | 0.7x | 9% | 14% | -2% | -6% | 1% |
| PodcastOne | United States of America | USD 2 | +13.8% | $64.316651M | 1.2x | 1.0x | 19% | 12% | 12% | 9% | 24% |
| OnMobile | India | INR 56 | -25.2% | $66.06319554855455M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Kartoon Studios | United States of America | USD 1 | +10.0% | $40.767505M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Cineverse | United States of America | USD 2 | -33.2% | $47.301495M | 0.8x | 0.7x | 15% | 55% | 8% | -5% | 19% |
| Sleep Cycle | Sweden | SEK 24 | -42.6% | $53.181166490383575M | 1.5x | 1.4x | 6% | 80% | 31% | 35% | 36% |
| Jig.jp | Japan | JPY 236 | -13.4% | $63.1339390126104M | 0.4x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Mobile Factory | Japan | JPY 1029 | +11.2% | $47.14953812045562M | 1.3x | 1.2x | 4% | NaN% | NaN% | NaN% | n/a |
| KT Genie Music | South Korea | KRW 1920 | -13.8% | $75.60192882733017M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Traders Club | Brazil | BRL 4 | -26.2% | $29.678006841049346M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zedge | United States of America | USD 3 | -13.8% | $36.150872M | 0.6x | 0.6x | 2% | 93% | 11% | NaN% | 7% |
| Yeb Net | South Korea | KRW 3100 | -10.1% | $33.99358803473117M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| RareJob | Japan | JPY 292 | -17.2% | $17.92756635293989M | 0.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Legimi | Poland | PLN 38 | -18.0% | $17.06903692573114M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Globee | Japan | JPY 669 | -26.2% | $21.859192606799443M | 1.4x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Flier Inc | Japan | JPY 450 | NaN% | $9.8726694318945M | 1.3x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Mdundo | Denmark | DKK 3 | -39.6% | $5.224343296605M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Global Interactive Technologies | United States of America | USD 1 | -72.3% | $4.409049M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Vialife | France | EUR 12 | -34.8% | $5.533622689500001M | 0.8x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Scienjoy Holding | United States of America | USD 1 | -26.9% | $24.555904M | -0.1x | -0.1x | 1% | NaN% | NaN% | NaN% | n/a |
| iHuman | United States of America | USD 2 | +72.7% | $116.03959M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| DouYu | Germany | EUR 6 | -43.3% | $211.36362956550002M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Hello Group | United States of America | USD 7 | +3.4% | $1076.225703M | -0.1x | -0.1x | -1% | 35% | 13% | 14% | 14% |
| Inkeverse Group | Hong Kong | HKD 1 | -48.7% | $244.04796406690193M | -0.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
Stock prices as of December 15, 2025. Rule of 40 and revenue per FTE data is based on the last fiscal year. Financial data powered by Morningstar and FactSet.
Tracks key publicly traded EV manufacturers, battery manufacturers, and EV charging companies
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Explore indexGet access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
