🎉 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 November 14, 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
Loading key metrics data...
This chart shows the regression relationship between valuation metrics across companies in the index
Loading valuation benchmarks...
Data as of November 14, 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
Loading rankings data...
Data as of November 14, 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 |
|---|
Data as of November 14, 2025.
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 Electric Vehicles 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 431 | +82.7% | $1432097.73331M | 14.7x | 13.0x | 13% | 16% | 14% | 3% | 27% |
| CATL | China | CNY 419 | +59.7% | $268630.5240863139M | 4.0x | 3.3x | 23% | 26% | 24% | 20% | 46% |
| Ford | United States of America | USD 13 | +27.6% | $53591.505712M | 1.0x | 1.0x | 1% | 18% | 7% | 2% | 7% |
| BYD | China | CNY 98 | +4.3% | $124905.10086594833M | 0.9x | 0.8x | 14% | 18% | 14% | 5% | 27% |
| LG Energy Solution | South Korea | KRW 484500 | +16.1% | $78193.6642071M | 5.4x | 4.8x | 13% | 21% | 25% | -8% | 35% |
| Volvo Group | Sweden | SEK 269 | -5.5% | $57325.77856802411M | 1.5x | 1.5x | 1% | 23% | 15% | 7% | 15% |
| XPeng | Hong Kong | HKD 106 | +93.1% | $25959.051326250727M | 2.4x | 1.6x | 49% | 16% | 3% | 7% | 49% |
| Hyundai Motors India | India | INR 2415 | +33.8% | $22131.20582479311M | 2.7x | 2.4x | 11% | 27% | 14% | 3% | 25% |
| Rivian | United States of America | USD 16 | +34.4% | $20092.715954M | 3.7x | 2.9x | 27% | -1% | -27% | -54% | -13% |
| NIO | Hong Kong | HKD 51 | +31.1% | $16162.266368241511M | 1.5x | 1.0x | 44% | 15% | -2% | 0% | 33% |
| Joby Aviation | United States of America | USD 16 | +261.3% | $14862.065719M | 474.0x | 142.7x | 232% | 47% | -517% | -565% | -1334% |
| Ecopro BM Co. | South Korea | KRW 160000 | -6.2% | $10784.685685742928M | 6.4x | 5.1x | 24% | 9% | 8% | -10% | 33% |
| Zeekr Global | United States of America | USD 28 | +13.6% | $7054.998969M | 0.6x | 0.5x | 37% | NaN% | 4% | NaN% | 36% |
| VinFast | United States of America | USD 3 | -15.8% | $7872.460154M | 3.4x | 2.4x | 42% | -3% | -22% | NaN% | -6% |
| Volvo Cars | Sweden | SEK 35 | +43.8% | $10921.31938889064M | 0.2x | 0.2x | 1% | 18% | 12% | 1% | 11% |
| Leapmotor Technology | Hong Kong | HKD 57 | +89.9% | $10395.211913193589M | 0.9x | 0.6x | 62% | 15% | 4% | 14% | 64% |
| Li Auto | Hong Kong | HKD 79 | -25.7% | $20628.740631804645M | 0.4x | 0.3x | 26% | 20% | 7% | 7% | 32% |
| QuantumScape | United States of America | USD 14 | +258.1% | $8159.779318M | n/a | 2659.5x | n/a | NaN% | -9643% | -10354% | n/a |
| BAIC BluePark New Energy | China | CNY 8 | +1.3% | $6183.996717322941M | 1.8x | 1.0x | 80% | -9% | 2% | -11% | 77% |
| Polestar | United States of America | USD 1 | -23.9% | $1328.160273M | 2.2x | 1.5x | 45% | -2% | -14% | NaN% | 21% |
| Pony AI | United States of America | USD 14 | NaN% | $6024.943604M | 67.0x | 52.9x | 27% | 20% | -206% | -250% | -248% |
| Lucid | United States of America | USD 15 | -19.7% | $4917.635492M | 4.4x | 2.3x | 90% | -25% | -86% | -150% | -105% |
| Eos Energy Enterprises | United States of America | USD 15 | +415.4% | $4384.168911M | 36.1x | 10.4x | 248% | 12% | -15% | -31% | 67% |
| Ninebot | China | CNY 60 | +37.0% | $6038.00622241256M | 1.6x | 1.2x | 29% | 31% | 13% | 15% | 41% |
| Archer Aviation | United States of America | USD 9 | +289.3% | $5634.104346M | 6246.2x | 75.9x | 8133% | 61% | -837% | -966% | -53635% |
| Mitsubishi Motors | Japan | JPY 374 | -18.0% | $3258.7272225329143M | 0.2x | 0.2x | 2% | 17% | 6% | 0% | 8% |
| Aima Technology Group | China | CNY 33 | -5.8% | $4011.1156625353797M | 0.9x | 0.8x | 15% | 18% | 12% | 19% | 27% |
| Lotus Technology | United States of America | USD 1 | -63.6% | $956.974526M | 2.6x | 1.3x | 94% | NaN% | -9% | NaN% | 57% |
| WeRide | United States of America | USD 8 | -27.8% | $2799.460565M | 24.0x | 10.4x | 129% | 33% | -85% | -116% | -106% |
| Ola Electric | India | INR 42 | -38.0% | $1996.8472617966972M | 4.7x | 4.1x | 13% | 55% | -11% | -33% | -12% |
| Microvast | United States of America | USD 4 | +2762.4% | $1320.935906M | 3.7x | 3.1x | 18% | 32% | 27% | NaN% | 45% |
| Amprius | United States of America | USD 12 | +900.4% | $1614.085076M | 23.9x | 13.5x | 77% | -13% | 3% | 1% | 58% |
| T1 Energy | United States of America | USD 4 | +283.5% | $734.814518M | 2.4x | 1.4x | 73% | 15% | 10% | NaN% | 77% |
| Uniconn | China | CNY 110 | NaN% | $1416.5209209379134M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Eve Air Mobility | United States of America | USD 4 | +41.6% | $1448.947069M | n/a | 315.7x | n/a | -308% | -5370% | -6110% | n/a |
| Ehang | United States of America | USD 16 | +8.1% | $1125.123322M | 14.3x | 8.4x | 71% | 63% | -6% | -5% | 30% |
| LiveWire | United States of America | USD 5 | -7.3% | $954.667284M | 35.3x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Kempower | Finland | EUR 15 | +51.7% | $949.5616930848M | 3.2x | 2.3x | 39% | 32% | 10% | -1% | 41% |
| Solid Power | United States of America | USD 6 | +409.1% | $1117.468782M | 42.6x | 39.0x | 9% | 18% | -344% | -399% | -372% |
| Sigma Lithium Canada | Canada | CAD 8 | -53.0% | $657.4321674848982M | 5.4x | 3.7x | 45% | 44% | 25% | -11% | 51% |
| Automob Participacoes | Brazil | BRL 12 | NaN% | $87.06184046075138M | 0.3x | 0.3x | 13% | NaN% | 5% | -2% | 17% |
| Fastned | Netherlands | EUR 21 | +0.7% | $474.1469698848M | 4.3x | 2.9x | 47% | 76% | 18% | -49% | 60% |
| Phoenix Bicycle | China | CNY 10 | +16.4% | $727.720793677038M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| ADS-TEC Energy | United States of America | USD 10 | -20.4% | $587.501831M | 5.1x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| EV Motors | Spain | EUR 8 | -2.7% | $468.50597118720003M | NaNx | 0.8x | NaN% | 24% | 4% | -10% | NaN% |
| Vertical Aerospace | United States of America | USD 4 | -10.2% | $409.127901M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allego | United States of America | USD 0 | -100.0% | $0.027334M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| EVgo | United States of America | USD 3 | -47.6% | $416.498M | 1.4x | 1.1x | 31% | 25% | 7% | -18% | 28% |
| Gogoro | United States of America | USD 4 | -57.2% | $56.802006M | 1.5x | 1.4x | 4% | 5% | 17% | NaN% | 19% |
| Lion Electric | United States of America | USD 0 | -99.6% | $0.678652M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| ChargePoint | United States of America | USD 9 | -55.0% | $213.682329M | 0.9x | 0.8x | 9% | 37% | -12% | -14% | -15% |
| Chijet Motors | United States of America | USD 3 | -97.7% | $2.124415M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lazydays Holdings | United States of America | USD 1 | -93.7% | $5.603482M | 0.4x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Alfen | Netherlands | EUR 10 | -21.5% | $260.5776249744M | 0.6x | 0.6x | 2% | 27% | 6% | 2% | 8% |
| Wallbox | United States of America | USD 4 | -72.3% | $61.636195M | 1.6x | 1.4x | 16% | NaN% | -9% | NaN% | -4% |
| Niu Techs | United States of America | USD 4 | +82.6% | $317.313365M | 0.3x | 0.3x | 26% | 13% | 3% | -2% | 28% |
| WLM Participacoes | Brazil | BRL 20 | -33.0% | $134.2130879219074M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zaptec | Germany | EUR 2 | +187.0% | $217.6747066464M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Blink Charging | United States of America | USD 1 | -14.1% | $167.268211M | 1.3x | 1.2x | 15% | 35% | -26% | -28% | -37% |
| MIC Electronics | India | INR 48 | -42.6% | $130.65277411270415M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ebusco Holding | Netherlands | EUR 0 | -49.5% | $41.7837791088M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Canoo | United States of America | USD 0 | -99.4% | $5.359834M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| XCHG | United States of America | USD 1 | -92.3% | $87.39376M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Xos Trucks | United States of America | USD 3 | -39.3% | $26.33955M | 1.0x | 0.8x | 24% | 11% | -23% | NaN% | -5% |
| Workhorse | United States of America | USD 1 | -89.3% | $12.390876M | 4.8x | 3.7x | 28% | -58% | -141% | NaN% | -175% |
| Stardust Power | United States of America | USD 4 | -94.2% | $30.638407M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Beam Global | United States of America | USD 2 | -48.3% | $31.925056M | 0.9x | 0.7x | 30% | 27% | -19% | -8% | -11% |
| Fly-E Group | United States of America | USD 5 | -85.4% | $8.439259M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lobo Technologies | United States of America | USD 1 | -53.2% | $7.750501M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| ChargePanel | Sweden | SEK 2 | +21.0% | $7.479295035326972M | 4.4x | 2.3x | 90% | 68% | -1% | NaN% | 44% |
| Hopium | France | EUR 0 | -98.7% | $1.0744427808M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Delta Autocorp | India | INR 61 | NaN% | $10.509432297456238M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nexity Global | Poland | PLN 2 | -12.5% | $6.008498911044047M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Triggo | Poland | PLN 1 | -64.2% | $1.7773322764971489M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Next e GO | United States of America | USD 0 | -80.0% | $0.009438M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Kandi Technologies Group | United States of America | USD 1 | -11.2% | $83.685183M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lilium | United States of America | USD 0 | -90.3% | $0.94896M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
Stock prices as of November 14, 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 social networking and online community companies across the world
Explore indexTracks publicly listed consumer subscription software (SaaS) companies, across all verticals (e.g. streaming, mobile apps, 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 European large cap tech companies (with market cap above $10B)
Explore indexTracks publicly listed cybersecurity companies across network security, endpoint protection, identity management, cloud security, etc.
Explore indexTracks world's biggest and most impactful publicly listed tech companies
Explore indexTracks 100 largest publicly traded Saudi Arabian companies across all sectors
Explore indexTracks key publicly traded online dating and matchmaking companies
Explore indexTracks public DefenseTech companies across cybersecurity, weapons systems, autonomous tech, space technologies, etc.
Explore indexTracks publicly traded food delivery companies across restaurant delivery, quick commerce, ghost kitchens, meal kits, grocery delivery, etc.
Explore indexTracks top 100 publicly traded Chinese tech companies across software, consumer, semiconductors, fintech, and more
Explore indexTracks key publicly traded telecom service providers across the globe
Explore indexTracks key publicly listed B2B SaaS companies headquartered in Europe
Explore indexTracks public digital health companies across DTx, healthcare IT, healthcare software, telemedicine, fitness & wellness
Explore indexTracks public cloud infrastructure companies across data & cloud infra, DevOps, developer tools, observability, etc.
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 online classifieds companies across horizontal and vertical platforms (real estate, automotive, jobs, etc.)
Explore indexTracks medical device manufacturers with market cap above $1B, across all device categories
Explore indexTracks all publicly traded airlines across all verticals (network carriers, low-cost carriers, regional airlines, cargo airlines, charter services, etc.)
Explore indexTracks all publicly traded online marketplaces across verticals (delivery, ridesharing etc.) and business models (classifieds, B2B, C2C etc.)
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 all publicly traded tech companies operating across Latin American markets
Explore indexTracks key publicly traded semiconductor manufacturers and chipmakers
Explore indexTracks key publicly traded automakers across mass market cars, premium cars, electric vehicles, commercial vehicles, etc.
Explore indexGet access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
