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Multiples Classifieds Index

Curated by Multiples, this index tracks publicly listed classifieds platforms globally.

Explore the Multiples Classifieds Index

35

public companies tracked

$270B

cumulative enterprise value

4.2x

median EV/NTM revenue multiple

8%

median NTM/LTM revenue growth

Index Performance

This chart shows the weighted market cap evolution over time for the Multiples Classifieds Index constituents, indexed to 0% at the beginning of the period.

+9.0%

Multiples Classifieds Index

Data as of 16 August 2026. Underlying financial data from FactSet and Morningstar. S&P 500 and NASDAQ data sourced from Yahoo Finance.

Key Index Metrics

This chart shows the median evolution over time of key valuation metrics for the Multiples Classifieds Index constituents.

Valuation Benchmarks

This chart shows the regression relationship between valuation metrics across companies in the Multiples Classifieds Index.

x-axis:
y-axis:

Data as of August 16, 2026. Companies with EV multiples above 50x and y-axis values above 250% are considered non-meaningful and excluded from calculation.

Company Rankings

This chart shows company rankings by selected metric within the Multiples Classifieds Index.

Metric:

Data as of August 16, 2026. Companies with EV multiples above 50x and y-axis values above 300% are considered non-meaningful and excluded from calculation.

Companies Side-by-Side

Compare key metrics between companies in the Multiples Classifieds Index.

1:
2:
3:
Metric
Recruit Holdings
Naspers
News Corp
Market Cap
$143B
$36B
$16B
EV/Revenue (NTM)
5.1x
2.9x
1.8x
EV/Gross Profit (NTM)
8.2x
5.5x
6.1x
EV/EBITDA (NTM)
20.3x
42.3x
9.4x
EV/FCF (NTM)
29.9x
24.9x
18.8x
Revenue Growth
11%
16%
5%
Gross Margin (NTM)
63%
53%
30%
EBITDA Margin (NTM)
25%
7%
19%
FCF Margin (NTM)
17%
12%
10%
Rule of 40
34%
59%
24%
Rule of X
50%
103%
33%

Data as of August 16, 2026.

Cumulative Metrics

This chart shows the cumulative sum of selected metrics across all companies in the Multiples Classifieds Index, over time.

Index Methodology

Similar to the NASDAQ 100 Index, the Multiples Classifieds Index employs a modified market capitalization weighting scheme.

The weight process uses company-level weights, which are derived using company market capitalization.

Company weights are evaluated based on two rules:

Rule 1

No company's weight may exceed 24%.

Rule 2

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.

Rule 1 adjustment

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.

Rule 2 adjustment

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:

  • The aggregate weight of the companies whose Rule 1 weights exceeded 4.5% is set to 40%.
  • Companies with Rule 1 weights below 4.5% may also have their weights adjusted to keep the initial rank order of all companies.

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.

Companies Included in the Multiples Classifieds Index

This index tracks online classifieds platforms and digital listing marketplaces.

JP
3.9%
$103
+77%
$143B
5.1x
11%
63%
25%
17%
34%
$469K
ZA
4.5%
$49
-26%
$36B
2.9x
16%
53%
7%
12%
59%
$403K
US
4.5%
$30
+4%
$16B
1.8x
5%
30%
19%
10%
24%
$405K
AU
4.5%
$125
-24%
$16B
12.0x
6%
63%
65%
40%
58%
$417K
IN
4.7%
$14
-9%
$9.1B
22.8x
13%
61%
43%
45%
57%
$57K
AU
4.2%
$21
-19%
$8.1B
9.0x
11%
66%
56%
34%
64%
$355K
DE
3.4%
$90
-30%
$6.3B
7.1x
13%
-
60%
38%
77%
$705K
GB
3.1%
$7
-33%
$5.7B
6.7x
5%
94%
66%
49%
70%
$667K
NO
6.4%
$26
-27%
$5.3B
7.0x
7%
90%
43%
24%
43%
$172K
GB
6.1%
$7
-31%
$5.1B
7.8x
8%
-
68%
47%
76%
$655K
AU
4.6%
$11
-41%
$3.8B
5.2x
6%
45%
45%
21%
25%
$276K
JP
5.3%
$59
-26%
$2.4B
2.5x
19%
89%
27%
17%
51%
$184K
CH
4.4%
$191
-22%
$2B
1.8x
-5%
-
28%
19%
26%
$323K
IN
3.2%
$29
+7%
$1.4B
12.3x
21%
84%
39%
26%
62%
$70K
FI
3.1%
$17
+5%
$1.4B
3.7x
4%
90%
33%
24%
37%
$212K
LT
5.8%
$3
-36%
$1.2B
10.6x
11%
-
75%
60%
85%
$613K
PL
5.0%
$15
-16%
$1B
4.2x
5%
-
45%
34%
50%
$208K
SE
4.9%
$11
-58%
$984M
6.3x
6%
73%
47%
36%
37%
$1M
JP
3.0%
$12
-27%
$611M
1.5x
-1%
88%
20%
6%
17%
$182K
IN
3.0%
$7
-23%
$603M
0.0x
8%
-
28%
29%
43%
$10K
PL
2.6%
$17
-3%
$518M
1.3x
7%
94%
23%
10%
31%
$291K
JP
2.0%
$10
-35%
$395M
0.2x
25%
17%
5%
2%
33%
$7M
JP
1.4%
$3
-24%
$273M
1.0x
11%
79%
25%
16%
39%
$341K
RU
1.2%
-
-
$238M
-
-
-
-
-
-
-
JP
1.0%
$2
+1%
$196M
-
-
-
-
-
-
$138K
DK
0.7%
$8
-2%
$137M
-
-
-
-
-
-
$328K
JP
0.6%
$7
-14%
$127M
-
-
-
-
-
-
$245K
KR
0.6%
$12
+14%
$127M
-
-
-
-
-
-
-
ES
0.6%
$1
+25%
$111M
0.4x
-1%
-
8%
-
7%
$129K
AU
0.5%
$0
+22%
$100M
2.7x
-2%
-
19%
-
6%
-
JP
0.4%
$9
-25%
$86M
5.5x
11%
-
-
-
-
$83K
CN
0.3%
$2
-83%
$57M
-
-
-
-
-
-
$3K
AU
0.3%
$0
+96%
$55M
-
-
-
-
-
-
$772K
AU
0.1%
$0
-9%
$19M
-
-
-
-
-
-
-
AU
0.1%
$0
-35%
$11M
0.5x
17%
-
5%
-
14%
$195K

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