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Multiples Consumer SaaS Index

Curated by Multiples, this index tracks the 100 largest publicly listed consumer SaaS companies globally.

Explore the Multiples Consumer SaaS Index

100

public companies tracked

$5.9T

cumulative enterprise value

1.4x

median EV/NTM revenue multiple

7%

median NTM/LTM revenue growth

Index Performance

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

+14.3%

Multiples Consumer SaaS Index

Data as of 02 July 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 Consumer SaaS Index constituents.

Valuation Benchmarks

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

x-axis:
y-axis:

Data as of July 2, 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 Consumer SaaS Index.

Metric:

Data as of July 2, 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 Consumer SaaS Index.

1:
2:
3:
Metric
Alphabet
Netflix
Verizon
Market Cap
$4.4T
$312B
$175B
EV/Revenue (NTM)
8.2x
5.8x
2.5x
EV/Gross Profit (NTM)
12.8x
11.2x
4.3x
EV/EBITDA (NTM)
17.2x
16.9x
6.7x
EV/FCF (NTM)
194.5x
23.1x
16.5x
Revenue Growth
20%
13%
2%
Gross Margin (NTM)
64%
52%
59%
EBITDA Margin (NTM)
47%
34%
38%
FCF Margin (NTM)
4%
25%
15%
Rule of 40
67%
47%
41%
Rule of X
98%
67%
45%

Data as of July 2, 2026.

Cumulative Metrics

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

Index Methodology

Similar to the NASDAQ 100 Index, the Multiples Consumer SaaS 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 Consumer SaaS Index

This index tracks the 100 largest publicly listed consumer-focused SaaS companies.

US
9.3%
$360
+87%
$4.4T
8.2x
20%
64%
47%
4%
67%
$2M
US
9.7%
$74
-36%
$312B
5.8x
13%
52%
34%
25%
47%
$3M
US
5.5%
$42
-2%
$175B
2.5x
2%
59%
38%
15%
41%
$2M
US
5.2%
$96
-20%
$166B
2.0x
5%
29%
22%
10%
28%
$409K
SE
3.0%
$472
-25%
$97B
3.7x
11%
34%
17%
18%
29%
$3M
US
2.6%
$24
-29%
$85B
1.4x
-1%
-
28%
11%
26%
$691K
CN
2.6%
$26
-1%
$83B
3.2x
9%
67%
39%
35%
46%
$637K
US
2.1%
$27
+104%
$67B
2.6x
1%
40%
23%
9%
22%
$1M
CN
11.4%
$14
+29%
$38B
1.7x
5%
42%
20%
7%
21%
$529K
US
6.2%
$141
+49%
$21B
3.2x
15%
45%
13%
15%
30%
$1M
US
4.4%
$27
-12%
$15B
1.7x
5%
32%
19%
10%
21%
$379K
US
3.0%
$30
+42%
$10B
2.3x
1%
52%
31%
18%
31%
$2M
KR
3.0%
$22
-42%
$10B
1.0x
2%
100%
21%
9%
23%
$1M
US
2.7%
$38
+12%
$9B
3.4x
2%
75%
38%
30%
38%
$1M
CN
2.3%
$6
+15%
$8B
4.6x
19%
71%
0%
2%
17%
$570K
CN
2.1%
$17
-27%
$7B
0.9x
10%
38%
14%
12%
22%
$552K
US
2.0%
$28
+5%
$7B
3.7x
0%
82%
46%
39%
46%
$1M
US
1.7%
$121
-65%
$6B
3.5x
15%
71%
26%
31%
42%
$1M
US
1.4%
$19
-32%
$5B
6.1x
28%
78%
22%
22%
57%
$860K
CN
1.2%
$1
+9%
$4B
2.5x
5%
24%
26%
-
31%
$112K
US
1.1%
$27
-14%
$4B
3.3x
8%
81%
32%
29%
38%
$419K
US
1.1%
$89
-31%
$4B
1.3x
5%
38%
24%
15%
29%
$264K
JP
1.0%
$22
-4%
$3B
1.4x
4%
37%
8%
3%
10%
$292K
US
0.9%
$42
+7%
$3B
1.9x
-13%
66%
15%
7%
-11%
-
CN
0.9%
$3
+3%
$3B
2.3x
19%
38%
13%
-
34%
$316K
US
0.8%
$16
-10%
$3B
5.4x
19%
75%
42%
-
65%
$3M
CN
0.8%
$13
-60%
$3B
0.7x
10%
41%
24%
27%
32%
$858K
CN
0.7%
$2
-39%
$2B
1.1x
8%
53%
17%
13%
25%
$623K
PL
0.7%
$4
+1%
$2B
1.4x
1%
-
22%
7%
24%
$478K
CN
0.6%
$0
-69%
$2B
2.1x
26%
73%
29%
27%
55%
$235K
AE
0.6%
$0
+1%
$2B
-
-
-
-
-
-
$519K
US
0.5%
$20
+21%
$2B
2.1x
17%
62%
23%
18%
43%
$1M
US
0.5%
$6
-53%
$2B
0.7x
37%
65%
15%
10%
75%
$580K
ID
0.5%
$0
-11%
$2B
-
-
-
-
-
-
$131K
US
0.5%
$11
+14%
$2B
0.6x
7%
27%
3%
1%
4%
$768K
SE
0.4%
$13
+16%
$2B
1.4x
2%
68%
24%
11%
30%
$1M
CN
0.4%
$8
-34%
$1B
5.4x
13%
93%
3%
-
14%
-
CN
0.4%
$12
+38%
$1B
1.6x
14%
43%
7%
-
17%
$232K
CN
0.4%
$3
-1%
$1B
-
-
-
-
-
-
-
CN
0.3%
$1
-42%
$1B
0.7x
-1%
19%
2%
3%
-4%
$860K
IN
0.3%
$5
-1%
$996M
7.6x
18%
68%
35%
11%
44%
$374K
US
0.3%
$12
-
$980M
105.6x
28%
-
-468%
-
-281%
-
DE
0.3%
$4
-59%
$893M
0.7x
-1%
32%
12%
4%
9%
$567K
CN
0.3%
$6
-28%
$881M
(0.2x)
1%
37%
15%
12%
12%
$1M
AE
0.3%
$6
-28%
$850M
0.1x
6%
68%
35%
23%
34%
$420K
SE
0.2%
$10
+6%
$753M
1.6x
4%
46%
21%
14%
28%
$868K
US
0.2%
$5
-39%
$677M
-
-
-
-
-
-
-
SE
0.2%
$0
+35%
$594M
-
-
-
-
-
-
$2M
CN
0.2%
$2
-28%
$556M
0.1x
10%
15%
3%
4%
14%
$765K
JP
0.2%
$8
-39%
$530M
1.2x
11%
47%
20%
11%
30%
$323K
SE
0.2%
$2
-71%
$502M
2.2x
-3%
75%
31%
23%
16%
$508K
PL
0.1%
$15
-24%
$454M
1.3x
4%
94%
23%
7%
29%
$303K
VN
0.1%
$15
+5%
$448M
-
-
-
-
-
-
-
CN
0.1%
$2
-50%
$422M
0.1x
15%
70%
1%
6%
15%
$63K
US
0.1%
$3
-58%
$422M
0.9x
-7%
74%
33%
23%
20%
$805K
US
0.1%
$8
-
$417M
-
-
-
-
-
-
$136K
BR
0.1%
$5
+16%
$378M
1.7x
19%
71%
33%
-
-14%
-
CN
0.1%
$6
+27%
$372M
-
-
-
-
-
-
$379K
CN
0.1%
$0
+10%
$346M
-
-
-
-
-
-
$533K
KR
0.1%
$32
-40%
$341M
(0.0x)
0%
95%
30%
16%
33%
-
KR
0.1%
$14
-58%
$334M
3.3x
10%
100%
49%
44%
64%
-
CN
0.1%
$1
-16%
$315M
-
-
-
-
-
-
-
US
0.1%
$10
+153%
$297M
0.1x
5%
-
3%
0%
9%
$3M
JP
0.1%
$28
-
$283M
-
-
-
-
-
-
-
KR
0.1%
$27
-21%
$279M
0.4x
-3%
56%
21%
-
21%
-
US
0.1%
$0
-8%
$253M
-
-
-
-
-
-
-
JP
0.1%
$6
-53%
$244M
1.2x
21%
45%
18%
15%
43%
$249K
TW
0.1%
$1
-43%
$227M
-
-
-
-
-
-
$3M
US
0.1%
$5
-
$205M
64.7x
598%
46%
-334%
-179%
-437%
$22K
CA
0.1%
$1
-41%
$185M
-
-
-
-
-
-
$672K
JP
0.1%
$5
-12%
$182M
1.1x
19%
86%
-
8%
-
$270K
AU
0.1%
$0
-14%
$174M
0.5x
-1%
-
9%
6%
72%
$176K
JP
0.1%
$6
-33%
$173M
-
-
-
-
-
6%
$421K
US
0.1%
$3
-40%
$171M
1.9x
11%
60%
24%
21%
31%
$2M
IN
0.0%
$0
-17%
$156M
-
-
-
-
-
-9%
$19M
FR
0.0%
$1
-13%
$154M
0.2x
4%
-
3%
4%
3%
$2M
IN
0.0%
$14
-44%
$149M
-
-
-
-
-
77%
$38K
CN
0.0%
$5
-46%
$142M
(0.3x)
-2%
-
1%
-
-4%
$686K
KR
0.0%
$11
-26%
$136M
-
-
-
-
-
-
-
CN
0.0%
$0
-62%
$131M
-
-
-
-
-
-
$291K
US
0.0%
$4
+159%
$129M
1.6x
19%
15%
12%
9%
30%
$1M
CN
0.0%
$0
-30%
$125M
-
-
-
-
-
-
$148K
FR
0.0%
$2
+4%
$124M
0.3x
5%
-
10%
6%
16%
$1M
US
0.0%
$1
-16%
$123M
0.6x
-35%
53%
17%
20%
-31%
$297K
US
0.0%
$1
-36%
$122M
0.5x
5%
68%
1%
0%
2%
$298K
CN
0.0%
$0
-41%
$118M
-
-
-
-
-
-
$501K
JP
0.0%
$3
-13%
$116M
-
-
-
-
-
-20%
$95K
CN
0.0%
$0
-88%
$114M
(0.1x)
10%
56%
15%
-
24%
$55K
TH
0.0%
$0
-37%
$111M
0.9x
-2%
29%
24%
-
26%
$704K
CN
0.0%
$3
-38%
$103M
-
-
-
-
-
-
$181K
KR
0.0%
$1
-63%
$100M
-
-
-
-
-
-
-
CN
0.0%
$16
-44%
$98M
-
-
-
-
-
-
$177K
KR
0.0%
$2
-51%
$98M
-
-
-
-
-
-
$1M
IN
0.0%
$4
-26%
$88M
1.2x
11%
-
14%
7%
23%
$18K
TH
0.0%
$0
-57%
$85M
-
-
-
-
-
-
$59K
US
0.0%
$6
-10%
$80M
1.0x
24%
18%
9%
16%
9%
$1M
HK
0.0%
$6
-14%
$77M
-
-
-
-
-
-
$606K
CN
0.0%
$1
-54%
$71M
-
-
-
-
-
-
$164K
US
0.0%
$3
-43%
$67M
0.8x
51%
50%
13%
6%
59%
$359K
JP
0.0%
$3
-35%
$66M
0.9x
0%
-
-
-
-
$117K

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